i would treat them as entry level because they are entry level - unless they have interned along the way. they will get paid more right up front because they have a larger skill set and may be able to start producing right away. However, in some areas they may not produce any more than someone with an undergrad degree. The fact is that a PhD has put a lot of time into academic endeavors, but generally little in practical applications. Often, if you ask one they will tell you the same. Many entry level engineers, regardless of education level have never even seen a set of construction plans or spent any time observing the process. Since 75% of our work is spent preparing plans, specs, contracts, etc. to construct something - they have a lot of learning to do. (in these cases, it might be better to hire an undergrad instead) I am not knocking an advanced degree because it does show one's capacity to a) learn and b) persevere. In fact, many who have the advanced degrees will eventually advance far beyond those with undergrad degrees given time and work experience.