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May 19, 2016

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Graduates ‘less likely’ to set up own firms

A LACK of self-confidence and the slim chance of commercial success are putting undergraduates off setting up their own companies after leaving college or university, an online poll claimed yesterday.

Of the 89,170 students questioned, just over 3 percent said they intended to become their own boss, down from about 6 percent in a similar study conducted last year, said recruitment website Zhaopin.com.

Despite the government’s support policies and a good investment environment for would-be entrepreneurs, their “lack of experience and low success rate dimmed enthusiasm,” it said.

The proportion of students who said they will look for a job after graduation rose more than 4 percentage points from last year to 76 percent, with the rest saying they planned to go on to further study, either at home or abroad.

The average monthly salary expected by those polled was 4,985 yuan (US$763), while the actual figure for people with a job offer was 4,765 yuan, down slightly from last year’s 4,793 yuan.

The most sought-after jobs were in IT, finance and the public sector, the poll said.




 

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