One of the many varieties of university-industry collaboration is industry engagement in doctoral programmes. A scheme operated by the Development Fund of the Swedish Construction Industry since the early 1990s has supported thesis projects for about 150 PhD candidates. While they were doctoral students they were employed by contractors as industrial doctoral candidates or by universities. The purpose of this investigation was to analyse how, as PhD graduates, they perceived the benefits of doctoral studies for themselves as individuals and also how they have contributed to the organization that employs them. Results from a survey with 125 respondents show that the greatest individual benefit is that of being able to access relevant information more rapidly, and that the greatest perceived organizational benefit arises from their ability to cooperate with knowledgeable clients.