For Newly Minted M.B.A.s, a Smaller Paycheck Awaits - RUTH SIMON, Wall Street Journal

Steve Vonderweidt says his MBA hasn't yet led to a better job. Like many students, Steve Vonderweidt hoped that a master's degree in business administration would open doors to a new job with a higher paycheck. Soaring tuition costs, a weak labor market and a glut of recent graduates are upending the notion that M.B.A.s and other professional degrees are a sure ticket to financial success. But now, about 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. http://online.wsj.com/article/SB10001424127887324296604578175764143141622.html