The assessment of younger workers as loyal only to themselves has been made largely on social observations. A study conducted in 1982 to examine the career values of new college graduates surveyed 1,991 seniors from 50 colleges and universities nationwide. A follow-up survey was completed by 913 of the original respondents 18 months after graduation. Both surveys explored career values in eight areas: career planning and the job search, perceived determinants of career success, preferred job attributes, work ethics attitudes, performance appraisal and compensation, tradeoffs, organizational practices, and organizational loyalty. The follow-up survey also collected information on the graduates' job characteristics. The findings suggest that new professionals are willing to work hard, but they expect that hard work to pay off. They appeared confident of their individual abilities and believed that their rewards should be based on performance. New professionals seemed to have a clear idea of what they wanted from their jobs, desiring opportunities to develop and meet their potential, be creative, and increase control over their work lives. While they appeared to view the demands of their jobs as important, they were unwilling to elevate them above other demands (family, health, ethical standards, personal happiness). The high turnover among the respondents early in their careers suggests a willingness to move if things are not right. (NB)