The purposes of the study were to investigate the perceived status of industrial education master's degree graduates and to analyze their social status in relation to their degree of job satisfaction;Ten hypotheses were tested at the 0.05 level of significance. The significant results include the following: (1) There was a significant relationship between job satisfaction and the independent variables--work milieu and individual characteristics--among industrial education master's degree graduates (R-square = 0.4510). (2) The degree of overall job satisfaction can be predicted based upon the identified independent variables. (3) There was a significant relationship between job satisfaction and personal characteristics among industrial education master's degree graduates. (4) A significant difference in job satisfaction was found between those who work in faculty occupations at public universities and those who work in such occupations at private universities/colleges. (5) There was a significant relationship between reported job satisfaction and the possession of an industrial education master's degree. (6) Industrial education doctoral degree graduates had a significantly higher level of job satisfaction than did the industrial education master's degree graduates. (7) Those-graduates who were working in the North of Taiwan had a higher mean job satisfaction than those working in the Center or in the South of Taiwan. (8) Those who earned over NT35,000.00 (US\1,346.15) monthly had a higher mean job satisfaction than those who earned between NT30,000.00--34,999.00 (US\1,153.85-1,346.14) monthly;On the basis of the above evidence, it was concluded that the overall job satisfaction of the industrial education master's degree graduates in Taiwan can be predicted by three independent variables, namely: professional and civic activities, work conditions, and departmental supervision.