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April 13, 2010

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Recent grads' salaries at 2,900 yuan a month

The median salary for university graduates last year was 2,900 yuan (US$425) per month, varying greatly depending on students' majors, according to a new report.
The median pay in the report was slightly higher than the average wage of 2,691 yuan reported by online recruitment site It's believed to be a more reliable statistic.
Shanghai Education Commission teamed up with Fudan University to survey more than 10,000 students from 58 colleges and universities who graduated last year, along with 368 employers, about first-time employees' starting pay.
"The employment condition is better than previously expected," said Wang Xiping, of the commission.
Despite the financial crisis, economics and trade majors brought higher pay than other majors, same as in 2008.
These were followed by majors of art design, commercial English, mechanical design and electric automation, according to the report.
Contrary to the belief that male students have the edge in jobs, female who graduated last year had 2.42 percentage points better success in landing work than the men, the report showed.
Higher education degrees seemed to bring higher salary, according to the report.
The median salary of freshly minted doctorates hit 4,750 yuan.
Other postgraduates' median salary was 4,000 yuan.
Some of this year's graduates-to-be are disappointed in the salary numbers.
"Prices of goods are increasing but the salaries are not," said Zhang Fei, a college senior who is majoring in Korean. "That will make life harder, especially for non-local college graduates who also have to pay the rent after they start working."


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