<p>Ramaswami, I'd say you're definitely biased, lol. While I agree that many Psy.D.s are not looked upon as well, I think it has more to do with the proliferation of poor quality Psy.D.s*; however, since Psy.D.s' primary goal is generally private practice or clinical work in administrative and therapeutic settings (i.e., not academia or research), their program reputation is generally less important and their training is more directly applicable to their work as clinicians (i.e., they need to be able to "consume" the research literature effectively but do not need so much training on actually contributing to that literature).
My guess would be that the reason the Ph.D.s you have supervised have done better is that there certainly are many bad Psy.D. programs out there; however, to say that ALL Psy.D. programs are "nothing more than a 3 yr masters" is certainly inaccurate and, I would suspect, downright offensive to students in decent Psy.D. programs who actually are required to fulfill all of the typical Ph.D.-like requirement (i.e., formal dissertation, masters research project, have a mentor model of training, etc. -- the difference here being really only that the Psy.D.'s coursework focuses more on application to therapy than statistics and research methods).</p>
<p>*I would argue that the real difference in quality is between types of schools; that is, programs can be broken down into 3 categories -- funded university depts, non-funded university programs, and professional schools.</p>
<p>For a number of reasons, funded depts have the strongest programs (they get the most applicants due to a discounted education, which results in being the most competitive, and therefore they end up with the best students to begin with; their funding is limited, so they ONLY take the best students; their funding comes primarily from faculty research, in which students typically participate; students have access to all university resources -- including undergrad "guinea pigs" for research, clinical, and instructor training; most of these schools are at good to great research institutions, resulting in further excellent resources and the best faculty; and so forth);</p>
<p>unfunded (and partially funded) programs at universities would generally come in second for many of the same reasons (generally less competitive than fully-funded but still quite competitive; faculty are likely earning at least some research grants; university resources and undergrads are available; etc.);</p>
<p>finally, though, the professional schools really lack any of the strengths of the other programs (they generally accept at least half of their applicants; faculty are typically laughable psychologists themselves; there are no undergrads for research, clinical, or instructor training and practice; academic and professional resources and connections are limited; faculty are very limited in terms of breadth of knowledge; no accountability; etc.). As a result, we basically have a 3-tiered system of quality of training.</p>
<p>For better or worse, most Psy.D. programs are in the 1st and 2nd categories, while many more Ph.D. programs inhabit the 1st and 2nd categories. Additionally, one program (Alliant or Argosy, forget which, as both are just plain bad) is infamous for being a 3rd tier (professional) program that actually boasts about graduating HALF of all clinical psychologists in the state of California EVERY YEAR! You'll notice, however, that the Psy.D. programs I suggested above are the 4 1st tier Psy.D. programs in the nation (of which I am aware -- to my knowledge, there are only 4). I agree that Alliant and Argosy (and other professional school) grads are probably of no better quality than your average (or even below average) LCSW.</p>