In this paper, we provide information on PhD graduates using the Spanish University Graduate Placement Survey from 2019. We identify who is more likely to pursue a PhD and we learn about who decides to study it abroad. We also analyze the probability of PhD holders to follow an academic career, as well as the returns to study the PhD abroad. Our results suggest that those who like their studies and study for the PhD abroad are likelier to have an academic job. Living abroad also increases the likelihood of having an academic job, indicating that it may be easier to find an academic job abroad. Similarly, studying a PhD abroad yields positive returns only if one finds an academic job abroad. These results are important to understand the job opportunities of PhD holders in Spain and their job characteristics.