Executive M.B.A. Grads Decide to Look Elsewhere

But most B-school career-services offices don't have contacts or job listings suitable for seasoned executives. The best job-search resources currently are other E.M.B.A. participants, who are usually hiring managers at their companies. By networking among themselves, students often learn of new opportunities and receive referrals.

John Hendrick, 47, says he didn't plan to leave his employer, a consulting firm in Baltimore, when he began E.M.B.A. studies at the University of Maryland's University College. The company was paying almost all of the $45,000 tab, and Mr. Hendrick promised to stay on for one year after finishing it in 2002.

But the president of Constellation Energy Source, a Baltimore energy-services company, was in an M.B.A. program at the university, and he and Mr. Hendrick talked one day. With the president's blessing, Mr. Hendrick applied for a job at Constellation. He started there four months before graduation and is now a construction-project manager.

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