In this collaborative project between AMSI and CSIRO Data61’s student‑employer matching platform, Ribit.net, we illuminate current engagement between industry and research graduates. We have investigated which sectors within the Australian workforce employ PhD holders, and what the career ambitions of current PhD students are. Our focus is on PhD graduates already working, or having the ambition to work outside of academia: What sectors are the most research and innovation intensive and employ the most PhDs? Who are the top PhD recruiters among Australian businesses? What, if any, are the differences between PhD graduates from various fields of study?