This article addresses the question of why fields of study differ in early labour market returns. It is argued that the higher the potential training costs of a field of study the more problematic the labour market integration of graduates. This is due to the fact that employers use the occupational specificity and selectivity of a study programme…

Data from a national survey of Graduate Management Admission Test registrants provide information on characteristics of the first job respondents held after graduation, use of school-based job-placement and related job-search services, and use of placement services not provided by the schools. Data are compared for schools at four levels of…