Employers were surveyed to obtain their opinions as to the quality of the Cornell University undergraduate program in applied economics and business management. In addition, employers were asked to recommend modifications in the program to enable students to meet the challenges of the future. Survey instruments were mailed to recruiters in 173 firms or agencies that had recruited at Cornell during the 5 years prior to February 1988. One follow-up mailing was sent in March to nonrespondents. Fifty-five responses were received, but some of these answered only some of the questions; usable responses to most questions numbered approximately 20. The findings of the survey include the following: Cornell graduates were rated above average by their employers; strengths of the students were enthusiasm, self-starting ability, general ability, analytical ability, working with others, oral communications, and preparedness for the job; lowest scores were for personnel management ability, written communications, and computer skills, although even these areas were higher than the average graduate hired by these employers. Areas identified for additional training were communications skills, personnel management, finance or accounting skills, computers, and sales. (Appendices provide a listing of the responding firms and agencies and employers' comments on strengths and weaknesses of graduates.) (CML)