Graduate education is important for both individuals and society. It leads to higher earning potential, more job security, and better benefits. By 2018, 2.8 million jobs will require a graduate degree. While minority representation in faculty positions and graduate programs has increased in recent decades, there is still significant underrepresentation. Programs like the SREB Doctoral Scholars Program aim to increase diversity by providing financial and professional support to help more minorities earn PhDs and enter faculty careers. The annual Compact for Faculty Diversity Institute brings together over 1,000 scholars from across the country to support their development and recruitment into faculty positions.