This report provides the results of analysis of more than 40,000 students who received baccalaureate degrees from the public baccalaureate institutions in Washington during the 2005-06 and 2006-07 academic years. The purpose of this study was to follow students after graduation to determine the extent to which degree recipients were able to secure employment in Washington or continue their education. The first portion of the report describes the general characteristics of the degree recipients, including race/ethnicity, age, gender, residency status, and primary field of study. The major sections of this report answer the following research questions: (1) Do students find jobs after completing a baccalaureate degree? (2) In what industries to graduates obtain employment? (3) How much do baccalaureate degree recipients earn? and (4) Do students continue their education after completing a baccalaureate degree? The remainder of the report provides an overview of institutional efforts to survey alumni, highlights some policy implications based on the results of the study, and outlines next steps. Three appendixes are included: (1) Top Three Majors by Discipline AY 2005-06 & 2006-07 Baccalaureate Degree Recipients; (2) Top Employing Industries by Discipline AY 2006-07 Baccalaureate Degree Recipients Employed in Washington During Year 1; and (3) Median Annual Income: AY 2006-07 Baccalaureate Degree Recipients Working Full-Time in Washington and Not Enrolled in a Postsecondary Institution One and Two Years After Graduation. (Contains 9 tables and 1 footnote.)