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[croaker]

Except that education majors have a 95% employment rate after graduation, while sociology majors are hovering at around 70%.

Here's the link for the 2006 Survey of Earned Doctorates if anyone is interested:
http://www.norc.org/NR/rdonlyres/C22A3F40-0BA2-4993-A6D3-5E65939EEDC3/0/06SRFinalVersion.pdf

Many people getting EdD (at least, in Higher Ed.) are already working in academics.  The doctorate serves essentially as a professional certification.  So, the 95% rate may be misleading in that many won't be looking for Assistant Professor positions.

[tedbear09]

Program-wise, which PhD programs are likely to give you stipends/fellowships? I know for engineering, they give you tons of money. I have a few friends in the social sciences who have some money, but it's not great. What about the humanities?

[iwannabatriangle]

I'm in the sciences so the short answer is that I'm not paying for grad school.

The longer answer is that I could be making 30k more in any other job, and ultimately I'll probably earn 50k less than I would in the nonacademic setting after say a decade or two.

Wouldn't change a thing though. If I was in it for the money I'd be crazy. You gotta have the love. At least that's what I think.

I've seen grad school rip the passion right out of a few of my friends. The endgame of getting to the PostDoc or TT-job is so cut-through it's hard to stay passionate. Also the reality and politics of research and grant writing plays a significant demotivation role from what I've seen anecdotally.

I digress.