This paper discusses perceptions regarding the roles of PhD- and MLS (or MLIS)-holding librarians within academic libraries in the United States gathered via a survey conducted in 2019. Based on a review of previous literature and the results of the survey--which present mixed opinions about PhD holders as librarians--the authors provide recommendations for ways libraries can effectively address some of the tensions regarding the role of PhD holders within academic librarianship. This article is useful for librarians of all educational backgrounds, PhD holders who are considering the transition to a library career, and library administrators involved in the hiring process.