Chinese Graduates’ Outlook in 2019
58 Tongcheng, an internet company with a Beijing focus (NYSE: WUBA) and China Youth Campus Network (CYCN) released their surveys of 2019 university graduates’ employment outlooks. 58’s survey indicated that the graduates are receiving an average monthly salary of RMB6,427 (US$931), which is a 30% gap from their expected monthly salary of RMB9154 (US1,327, US$16k annually). According to CYCN, 47% of students chose “on-job learning satisfactory” as the No.1 selection criteria, only 28% believe salary as the dominant factor in accepting a job. The highest entry salary industries are still finance/banking and investment, seconded by electronics and electrical engineering.
88.6% of students chose to work in the city where their alma mater is or nearby, only 11.4% of students are willing to move further away to seek employment.
The CYCN survey revealed that close to 90% of the university students are concerned about their job prospects and 50% of them listed post-graduate study as their top reference to avoid entering the job market. Amongst the students who have indicated their concerns, they are mostly worried that there is not enough internship experience to help them enter the workforce. 4% of the surveyed students are considering to sit the public servant tests and another 4% are considering starting their own businesses. Less than 30% of the graduates believe they are “actively looking for a job”.