we expect them to function in that capacity. ...They also need to be prepared to be academic advisors. It is not enough to walk into a class and conduct that experience. If graduate students are to be teachers, they need to know how to interact outside the classroom with undergraduate students, providing them the support that they should have during their undergraduate experience.
This is another:
The universities are not doing any better in training PhDs for academe either. Except for the recent initiatives taken by some universities in giving them pointers on effective teaching, generally their training is in a narrow area of research and they are faced with on-the-job training.
Expectations for those with master's degrees and PhDs are slightly different. Here is an overview from a major company:
In the case of PhDs we are looking for high intelligence and creativity, the ability to originate and conduct independent research, a research background involving at least a solid thesis research experience, and the potential breadth of talent to move from one research field to another. The flexibility required by the latter point is important to us because we cannot hire new talent every time we wish to enter new research fields.
We are also looking for excellent communication and interpersonal skills, so that with proper training they can develop into potential management candidates both in the research organization and in management positions in our operations. We have had a good track record in our research organization in supplying highcaliber talent to our operations.
In the case of MS candidates, we are looking for the same kind of talents, except we do not expect experience in conducting research.