The 10,000 PhDs Project, an initiative of the School of Graduate Studies, used internet searches to determine the current (2016) employment positions of the 10,886 individuals who graduated from the University of Toronto from 2000 to 2015 in all disciplines.

An Op-Ed article by Reinhart Reithmeier on the 10,000 PhDs Project was published in University Affairs on February 1, 2018 along with a news article:

https://www.universityaffairs.ca/opinion/in-my-opinion/10000-phds-project-closer-look-numbers/

https://www.universityaffairs.ca/news/news-article/10000-phds-project-tracks-career-outcomes-u-t-graduates/

The School of Graduate Studies has posted the results of the 10,000 PhDs Project in a comprehensive and interactive mode on the SGS website:

http://www.sgs.utoronto.ca/about/Pages/10,000-PhDs-Project.aspx

You can check out the employment outcome data for U of T and Biochemistry PhD graduates.

The bottom line:  Increasingly, PhD graduates are finding employment beyond the professoriate.