The presentation reveals those key skills which PhD students/researchers acquire (sometimes unbeknowingly) during their period of study. The presentation highlights the explosive growth of the ‘PhD market’ especially in China and looks at two basic scenarios – those graduands who will continue in research and perhaps a majority who will not. Attention is drawn to the Vitae Organisation researcher development framework and in particular the Employability Lens for careers outside academia. The skills (knowledge, behaviour & attitude) which are highlighted in the lens are possibly better expressed in the form of an outer circle of key transferrable skills which all PhD students should be capable acquiring during their PhD studies. However it is the inner circle of complex interactive and intellectual skills which will be those most sought after by future employers and these will be the skills that that will take graduates the furthest in careers outside academia. Ray Wallace has coined the term ‘EPIMERIC’ for these skills. Not everyone will have these skills and attention should be given by graduate schools to investigating how students might acquire these skills during their studies. One suggestion is a secondment to industry/commerce for a short period. The transformation of undergraduate students taking internships as part of their degree programmes is well documented.