Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Chinese Graduates Struggle: Less Than 20% Find Jobs Amidst Job Market Woes

Eugene Park Views  

中 명문대 나와도 실질 취업률 '20% 미만'…취업난 역대 최악
Employment and further study trends of graduates from Fudan University. / Baidu Capture

Local Chinese media outlets reported on the 11th (local time) that the employment rates of graduates from prestigious universities in China are declining while the rate of pursuing further education is rising.

Fudan University, a prestigious institution in Shanghai, shared data on the 9th, revealing that out of 3,226 undergraduate graduates from the previous year, only 583 found employment, accounting for 18.1%. In contrast, 1,714 enrolled in domestic graduate programs, and 564 pursued education abroad, resulting in a substantial 70.6% opting for further studies.

According to the statistical method considering further study and studying abroad as employment, Fudan University graduates’ employment rate last year was 88.7%.

Local media analysis suggests that many graduates opt for further studies or study abroad to enhance their professional knowledge and secure better job prospects. However, it’s also noted that the economic downturn‘s dire job shortage may have compelled them to choose further education.

According to the employment and further study statistics of Fudan University graduates reported by local media, the employment rate of last year’s graduates was the lowest in the previous five years.

The actual employment rate of this university’s graduates, which was 19.5% in 2019, remained in the 20% range for four consecutive years, with 23.1% in 2020, 25% in 2021, and 21.4% in 2022.

On the other hand, the rate of entering domestic graduate schools, which was 42.8% in 2019, gradually increased to 49.2% in 2022, when the spread of COVID-19 was strict, and quarantine control was strict, and exceeded 50% last year (53.1%).

In the case of studying abroad, it reached 27.8% in 2019 but fell to 22% in 2020 when the spread of COVID-19 began and has remained around 17% for three consecutive years from 2021.

They chose to study in China instead of studying abroad due to the economic difficulties caused by the spread of COVID-19.

The situation is similar at other prestigious universities.

Among the graduates of Tsinghua University, the top prestigious university in China, last year, only 15.2% or 491 people found jobs or started businesses, and 80.8% chose to further their studies or study abroad.

Jangjeong University recorded an actual employment rate of 22.2%, with 1,318 people employed, and 66.4% went on to further studies or study abroad.

Due to the slow economic recovery and prolonged stagnation in the real estate market, accounting for 80% of Chinese assets, the youth unemployment rate in China reached an all-time high of 21.3% in June of the previous year, with no official disclosure of youth unemployment rates since then.

A team of professors from Beijing University announced in July last year that “The government’s youth unemployment statistics do not include ‘Tangping Tribe’ (people who lie flat and do nothing) and ‘Kangaroo Tribe’ (singles between the ages of 20 and 45 still live with their parents) who depend on their parents for living,” and “The actual youth unemployment rate, including these people, reaches 46.5%.”

Eugene Park
content@www.kangnamtimes.com

Comments0

300

Comments0

[ASIA] Latest Stories

  • From Perfect Scorer to Perfect Criminal: The Shocking Gangnam Murder
  • Parole Decision for President's Mother-in-Law: Politics or Justice?
  • North Korea's Immoral Pension Plan Amounts to Less Than $1
  • North Koreans Paying Up to $85,000 to Defect the Country
  • South Korea Exposes North Korea's Human Rights Abuses
  • North Korea Indirectly Warns the U.S. With Nuclear Retaliation Simulation

Weekly Best Articles

  • California Police Frustrated by Tesla Model 3: Too Cramped, Not Practical
  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected

You May Also Like

  • 1
    Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

    ENTERTAINMENT 

  • 2
    Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

    BUSINESS 

  • 3
    BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

    ENTERTAINMENT 

  • 4
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 5
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

Popular Now

  • 1
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 2
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 3
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

  • 4
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 5
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

Weekly Best Articles

  • California Police Frustrated by Tesla Model 3: Too Cramped, Not Practical
  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected

Must-Reads

  • 1
    Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

    ENTERTAINMENT 

  • 2
    Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

    BUSINESS 

  • 3
    BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

    ENTERTAINMENT 

  • 4
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 5
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

Popular Now

  • 1
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 2
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 3
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

  • 4
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 5
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

Share it on...