A story in the East Bay Business Times about a mini-brain drain of business school graduates leaving the Bay Area for jobs elsewhere reports that the trend is less pronounced at Saint Mary's College. Nelson Shelton, associate dean and director of the college's Graduate Business Program, told the newspaper that most of the 140 annual MBA graduates at Saint Mary's are employed locally so there is no major exodus. Even among those who become unemployed while enrolled in the program, most tend to stick around because of their Bay Area roots, he said.

"Especially in technology companies, managers have been downsized or had their jobs outsourced," Shelton said. "We hear many are seeking entrepreneurial options, and a few are looking in places not as affected by the tech downturn as the Bay Area."

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