This report presents the findings of the second phase of the EPGC project, which was originally conceived and coordinated by Peter Knight, Jo Tait and Mantz Yorke. This second phase of the project does not include past participants of Postgraduate Certificates (PGC) courses but focuses only on current participants. Quantitative and qualitative data were collected between Autumn 2006 and Summer 2007. Findings are broadly in line with phase one of the project, and by extension previous studies of professional formation as described by Knight (2006).