The causes and consequences of stress are well documented. The specific way in which stress may affect the graduate working in small‐ and medium‐sized enterprises (SMEs) is the focus. A model of stress, specific to the experiences of the graduate, which incorporates both the causes and consequences of stress is developed and viewed as a necessary precursor to empirical investigation. Having highlighted how stress may manifest for the graduate working in SMEs, interventions are suggested which could reduce the all too apparent costs. An awareness of the effects of stress, education about the working environment, and the need for support networks, are presented as potential stress management strategies.
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