A number of years ago it was a favorite catch phrase of the great unwashed that a college education was no doubt in itself a splendid thing, but that when the college graduate came to rub shoulders with those sons of the son who had made their way unassisted by means of their native ingenuity, he was left hopelessly behind. The implication, of course, was that a college training left a man unfitted to cope with practical affairs. Though this misconception has been exploded for some time, the same prejudice still seems to crop out occasionally against specialized graduate schools.

That the opinion of recognized authorities does not support this point of few is conclusively demonstrated by the statistics just published by the Graduate School of Business Administration. Last year, for the one hundred and seventy-four men who finished their course, there were three hundred and nineteen positions offered by banks, manufacturing concerns, and industrial corporations. Up to the present time this year over one hundred and ninety requests have been received for one hundred and sixty graduates.

The question that usually confronts a candidate for a business or special training school is whether if he goes at once into the world of affairs he will not be earning as much and have learned as much as he would if he had spent the same amount of time studying in theory from books and lectures. Although arguments can be presented for both sides, the important factor to be considered is that, judging from present indications, most generals of industry seem to consider two years of directed training superior to a similar period spent in the school of haphazard experience.