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As opposed to general expectation and perception, doctoral graduates do not necessarily strive for or realize the ideal-typical academic career. In many Western countries, career opportunities and paths for doctoral graduates have diversified, and academia is not their only occupational destination, with a large proportion leaving academia to work in public service, in companies’ research and development departments, or in non-profit organizations. Against this background, this thesis examines postdoctoral careers by means of the midterm occupational destinations and professional success among doctoral graduates in the academic and non-academic labour markets in Germany. With regard to occupational destinations, I investigate where doctoral graduates are employed following graduation and how their occupational destinations can be explained. With regard to professional success, I investigate various objective and subjective success indicators related to the returns to doctoral degrees — such as earnings, management positions, and job satisfaction — and systematically include the graduates’ occupational destinations in the analyses. I also consider social inequalities regarding both research topics.