Overconfident, overpaid and everywhere - the 2007 vintage of MBAs.

Last year Ben Bernanke, the chairman of the US Federal Reserve, earned $183,500. With bonuses included, this is almost exactly what a graduating MBA now expects to be paid to create PowerPoint slides for a bank or consulting firm. But don't expect them to look happy about it. We (I graduated four days ago from Insead) have taken our core negotiation course, plus optional salary-negotiation masterclasses and we know that all first offers, no matter how generous, should be viewed as only inching their way into the ballpark of respectability. No wonder recruiters think we are arrogant.