Professional psychology practice in Australia is entered via postgraduate coursework degrees or a 4-year undergraduate degree followed by a 2-year 'apprenticeship' involving supervised practice. Information about students' preferences for these alternatives is vital to strategic planning and the future development of the profession. This study provides a profile of Australian 4th year psychology graduates and their decision making about entry to professional practice. Results indicate a strong demand for both pathways, and a preference for clinical psychology amongst the specialisations. Student academic achievement differed according to pathway entered, and for those in postgraduate study, selections were most strongly influenced by course profile and university status. The implications of these results for future training and employment of psychologists are discussed.