Smaller Paycheck Awaits New MBAs

Cost of College: For Newly Minted M.B.A.s, a Smaller Paycheck Awaits - WSJ.com: " . . . eight months after receiving his M.B.A. from the University of Louisville, Mr. Vonderweidt, 36 years old, hasn't been able to find a job in the private sector, and continues to work as an administrator at a social-service agency that helps Louisville residents obtain food stamps, health care and other assistance. He is saddled with about $75,000 in student-loan debt—much of it from graduate school. "It was a really great program," says Mr. Vonderweidt. "But the job part has been atrocious." Soaring tuition costs, a weak labor market and a glut of recent graduates such as Mr. Vonderweidt are upending the notion that professional degrees like M.B.A.s are a sure ticket to financial success. . . ."


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