Using data from the 2003 Baccalaureate and Beyond Longitudinal Study (B&B:93/03), this report profiles 1992-93 bachelor's degree recipients' experience with K-12 teaching in the subsequent 10 years, as well as their preparation for teaching. The analysis first compares current and former teachers in this cohort on several demographic and educational measures, and contrasts these groups with 1992-93 graduates who never taught. The report provides an overview of teachers' job satisfaction and, for those not teaching in 2002-03, the main reason for not teaching. The second section looks at graduates' preparation for teaching, including the key steps of completing a teacher education program, serving as a student teacher, and earning certification. Finally, the report examines the main reasons graduates who never taught gave for deciding against teaching. In general, teachers expressed satisfaction with the profession. Teachers were more satisfied with the learning environment at their school than with aspects such as parent support, pay, and students' motivation to learn. Nearly one-half of all 1992-93 bachelor's degree recipients reported that they had never considered teaching nor taken any steps to prepare for the profession. Sixteen percent of the cohort had both prepared to teach and taught. About 4 in 5 of this cohort of college graduates neither student taught nor earned teaching certificates by 2003. The analysis uses standard t-tests to determine statistical significance of differences between estimates, and one-way Analysis of Variance (ANOVA) to detect linear relationships between one ordered and one other variable. The following are appended: (1) Glossary; (2) Technical Notes and Methodology; and (3) Standard Error Tables. (Contains 17 tables and 19 figures.)