So the first thing for students to note is this: if you follow the SPEP Guide, you are limiting your employment prospects to SPEP departments. That includes the departments noted above, plus some liberal arts colleges and other undergraduate institutions. You can quickly garner which ones by consulting the placement records of these programs. Some are no doubt attractive places to teach, but as a purely practical matter, you have to realize that following the SPEP guide is going to circumscribe your professional universe quite significantly.
What is more interesting about this fact is why it is true, not that it is true. It’s probably not necessary to spell out why it is true, however, but it is worth stressing that “SPEPPies” and “SAPies” [sic] do not simply feel marginalized, they are.
[Update: One thing I would add to Leiter’s paragraph quoted above: as many of the continental graduate programs are Catholic institutions, job seekers will also be primed to find jobs at Catholic colleges and universities, of which there are many.]
[Update 2: I’ve removed ‘SPEP’ from this post because the guide is not officially from SPEP. Leiter explains why he associates it with SPEP here.]