August 19th, 2009 at 1:40 pm
Starting salaries of Chinese university graduates fall in 2009
The Xinhua News Agency reports that the starting salaries of China’s university graduates have fallen in major cities throughout the country since the start of the year.
“The human resource services company, Zhaopin (智联招聘) recently released its ‘2009 First Half of the Year Professional Remuneration Report.’
The results of the report’s investigation show that the starting salaries of university graduates have fallen in 2009.”
“The report indicates that the starting salaries of university graduates in different cities in 2009 fell compared to 2008.
“In Shanghai, the average starting salary is now 2691 yuan – a fall of 9.73%.
In Beijing the average salary of university graduates is now 2655 yuan – a fall of 7.56%.
In Shenzhen, the average starting salary of university graduates is now 2575 yuan – a fall of 5.2%.
In Guangzhou, the expected salary of university graduates fell by 5.2% to 2573 yuan.
The report also indicates that the starting salaries of graduates in Dalian, Tianjin and other second-tier cities is lower than in first-tier cities.”
“The report also indicates that the starting salary for graduates working in the financial industry, at 2417 yuan, is still the highest, but has fallen significantly – by 11.3% compared to the previous year.
Starting salaries for the science and technology industry are second, at 2375 yuan, although they fell by 1.29% compared to 2008.
Starting salaries in the real-estate and manufacturing industry are in third and fourth place.”