Young Executives: Bear Market in Sheepskins

The Class of '70 is having a hard time passing the ultimate examination —in campus placement offices. The business slowdown and defense cutbacks are being felt in the form of fewer job offers and more demanding company recruiters. Starting salaries for nontechnical men with baccalaureates are only 4.6% above last year's average of $8,200.

The College Placement Council reports that compared with 1969, job offers to men are down 16% at the bachelor's degree level and 26% lower for M.A.s. Dr. James Souther, placement director at the University of Washington, says that...