This article compares the labour market situation of graduates with different types of international background. The authors look at four groups of graduates: immigrants and ethnic Norwegians graduated in Norway and immigrants and ethnic Norwegians graduated abroad. By employing multinomial logistic regression analyses the authors find that ethnic Norwegians educated abroad face a higher risk of labour market mismatch in terms of unemployment and overqualification than Norwegians graduated domestically. Non-Western immigrants had an even higher risk of unemployment and skills mismatch, regardless of the origin of their education. The results indicate that education from abroad is not fully transferable to a domestic labour market and, in addition, that forms of discrimination against non-Western immigrants exist. (Contains 8 notes, 4 tables and 2 figures.)