year’s new college grads entering the workforce are being offered an
average monthly salary of 4,014 yuan ($582), and about one-third of them
chose to work in first-tier cities, according to survey results released
by zhaopin.com, a Chinese online recruitment service provider.
The survey found the majority of grads, or 73.5 percent, have found
jobs, while the number of students set to continue their studies in
China accounted for just 6.3 percent, sharply down from 16.5 percent in
2016. The number of students who will study abroad after graduation has
also seen a drop, down from 4.8 percent last year to 3.4 percent.
About 9.8 percent of the graduates are opting for "slow employment",
meaning they will spend some time traveling, staying with their parents
or waiting for opportunities to start up a business before figuring out
their future plans, according to the survey.
Those born after 1995 tend to make more varied choices and are likely to
combine work with their hobbies.
The average monthly salaries for grads in law, engineering and medical
majors are 5,545, 4,512 and 4,500 yuan respectively, slightly down from
last year, while graduates with educational and agricultural majors are
offered lower pay, at 3,258 and 3,184 yuan respectively.
IT/communications/electronics/Internet offer new graduates the highest
pay at 4,867 yuan a month on average, but that’s down 826 yuan from last
year’s level. Finance and transport/logistics/warehousing come second,
offering average monthly salaries of 4,692 and 4,457 yuan respectively.