Hard Lesson

Trying times for 1983 M.B.A.s

Vance Bates, 26, had expected 1983 to be kind to graduating Master of Business Administration students. Envious members of last year's M.B.A. crop had advised him that the recession was likely to give way to brighter job prospects this year. But Bates, who will receive his M.B.A. in May and hopes to land a job paying between $25,000 and $30,000 a year, is finding that things seem to have got worse. He has sent letters to 60 employers, and fears that he will have to settle for less than...

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