Would you want to be a Chinese university graduate?

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Would you want to be a Chinese university graduate?

Not all is rosy in the world of Chinese graduates. Job fairs around the country see tens of thousands lining up to look for better opportunities.

More than 15% of graduates were unemployed 2 months after graduation in 2013. And when they do find a job, it is often not what they had prepared or hoped for. Instead, it is often a fairly prospect-less role in a call center, as a sales agent, or as a receptionist.

To pile misery on misery, wages for graduates have been essentially flat in real terms since 2006, during which the average per square foot price of an apartment, the prerequisite of a middle class lifestyle, has risen 6% in real terms per annum, leaving new graduates with diminished prospects of getting on the real estate ladder.

The relative return of a degree is diminishing as urban salaries of those without university education converge with those that do – the former rising from 40% of the latter in 2006, to over 80% in 2012.

Chinese students must be asking themselves the question: Is university worth it?

 
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By |February 19, 2014|Categories: Gordon's View|0 Comments

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