Not Wanted: '02 Graduates Seeking Jobs
When the millions of students who are set to graduate from college this spring started out in the late 1990's, the stock market was on a bull run and the dot-com frenzy was in full swing. At colleges across the country, career-services offices fashioned makeshift interview booths to accommodate the companies on a hiring binge. Fresh-faced 22-year-olds commanded signing bonuses of $10,000 or more. People with bachelor's degrees in engineering or computer science often had a dozen job offers, some with six-figure salaries. Liberal arts majors found plenty of opportunities, too, working for Internet companies and consulting and financial firms.