Earlier quoted context omitted.
> Every graduate that doesn't find a high paying job in the field is an excellent candidate for the next level of education. 1. You really think Berkeley's top-ranked PhD program is recruiting people who couldn't find jobs? No. Not only can 100% of successful top-tier PhD applicants find jobs, 100% of them are strong candidates for the top echelon on entry-level jobs. If you disagree, go look up the people in Berkele…
Close to 100%, but not 100%.
a) didn't bother applying but would've been shoe-ins, or else
b) knew very early (freshman year) they were research-bound and optimized for a non-industry objective function (but could've skated into an industry job of their choice given a shift in undergraduate career focus). E.g., couldn't pass a coding interview and no industry internships but have one or more top-tier publication in a hot subfield.
But (b) is kind of stupid to think about. It's like saying a successful lawyer would not make captain in the military. This may or may not be the case, but either way, who cares?