The increasing number of graduates from higher education program has arouse the discussion of its effect on Taiwan workers¡¦ competency and whether such booming production has advantages for graduates¡¦ first job search. Even though a large aggregation of literatures has been published and includes such vocational activities into turnover theories, social cognitive theory and so on, there has not been a explicate framework of combining internal and external factors with job search outcome. The study has achieved illustrate 2009 graduates¡¦ from department of business administrative perception of how the difference of their degrees interact with internal factor (self-efficacy), external factor (economic condition) and job search outcome (employment opportunity index). By adding valid scales into the existing job search framework, the study is able to conclude the discrepancy between master degree graduates and bachelor degree graduates scoring on different scales as well as the overall discrepancy the graduates¡¦ perception have against the actual facts in the contemporary job market. In sum, the findings in this study are as the following: 1. There are positive relationships between: education attainment vs. self-efficacy, level of external factor resistance, EOI; self-efficacy vs. level of external factor resistance, EOI; level of external factor resistance vs. EOI. 2. Master graduates have higher occupational self-efficacy, level of external factor resistance and EOI than the bachelor graduates. 3. Master graduates are likely to make overestimation on the amount of their first monthly payment and underestimation on the duration needed for their first job search.