This paper discusses the similarities and differences between Canadian doctoral students and new faculty members regarding their experiences with and perceptions of their graduate supervisors and mentoring. Participants' responses were considered in light of the current post-secondary culture that emphasizes increased productivity and accountability of faculty members and the student as customer (e.g., Turk, 2000). An examination of survey and interview responses from participants showed that whereas both groups valued supervision that includes both career and psychosocial functions of mentoring (Kram, 1983), doctoral students tended to place more emphasis on the psychosocial functions than did the new faculty. In addition, although, in general, both groups gave more favourable ratings of their supervisors for career as opposed to psychosocial functions, new faculty members were more satisfied with their supervisors and rated their supervisors higher on most mentoring functions. These differences between groups were considered in light of universities' adoption of a managerial, audit culture (e.g., Cribb & Gewirtz, 2006) that encourages students to perceive themselves as consumers and requires faculty to meet competing demands on their skills and time.