The transition from university to working life has been quite easy for most graduates in Finland. However, there are graduates who have encountered difficulties in their way to the working life. The problems are usually connected with unemployment or placement in jobs which do not correspond to their qualifications. In this study, we are concentrating on those Master's degree holders who have had problems in their transition phase. We will apply both quantitative and qualitative analysis to study employment problems. We will analyze what kind of employment problems graduates have encountered five years after their graduation and how these problems are linked with graduate's age, gender, the fields of education, place of residence and to the professional orientations of their studies. Macro-level analysis is based on the surveys of the University of Joensuu graduates, who graduated in 2001-2003 (n=1333). Micro-level analysis is based on the interviews of masters who graduated in 2003 (n= 16) and who were followed five years. They were interviewed three times: one, two and five years after their graduation. By using combined methods -approach we are able to broaden the understanding about the university graduate's employment problems.