This research examined the relationship of contemporary work stressors
to work outcomes and measures of psychological well-being among recen
t business school graduates. Most stress research has considered longe
r tenured organizational employees. Two hundred and seventeen responde
nts completed anonymous questionnaires. Three categories of work stres
sors were studied: job insecurity, underemployment and unmet expectati
ons. Unmet job challenge and job demands expectations and underemploym
ent were consistently related to more negative work outcomes. Work str
essors were less strongly related to psychological well-being, however
. (C) 1998 John Wiley & Sons, Ltd.