Top Biz News
School is in, recession kept out
By Wang Zhuoqiong (China Daily)
Updated: 2009-12-01 07:59
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Nearly 1,000 students brave the chilly wind to apply for postgraduate entrance exams in Jinan, Shandong province, earlier this month. The number of postgraduate applicants hit an all-time high in China this year. [China Daily]
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The number of applicants of postgraduate studies has hit an all-time high, according to the Ministry of Education, as the job market recovers at a sluggish pace.
Approximately 1.4 million are expected to apply for the 2010 national entrance exam for postgraduate studies. The figure is up 13 percent compared to last year.
The increase is obvious: A bleak job market coupled with the global recession.
At least one student with an aim for postgraduate studies said graduate school postpones the pressure of finding a job.
Cong Ying, a sophomore at Beijing International Studies University, is preparing for the 2011 exam and also said that postgraduates can more readily find jobs.
"When major companies and institutions only give interviews to postgraduates, not much options are left for us," she said.
The applicants will compete for 465,000 posts - roughly the same number as last year, said the ministry. The admission rate is 33 percent.
The most popular fields of study are business, law and computer sciences, said Gan Yuan, a researcher with Haitian Education, a Beijing-based company providing tutorship on the postgraduate entrance exam.
Top universities including Peking University, Tsinghua University and Renmin University of China attract the largest number of applicants.
The exam is difficult and many study for three years.
"Everyone around me, as far as I've known, is preparing for the exam," said Cong, 21, a marketing major.
The level of a job applicant's degree matters in the interview process, said an unnamed human resources manager with a foreign-invested company.
But the applicant's ability also makes more sense than a degree, he said.
"Among postgraduates, we prefer those from famous universities and those with matching majors with our business," he said.
Other than postgraduate studies, students are also looking for government jobs.
Last year about 700,000 applicants took the exam.
Liu Junsheng, a researcher for the Ministry of Human Resources and Social Security, said the large number of applicants for both postgraduate studies and civil servant exams is the result of an accumulation of graduates since 2008. There are also a limited number of jobs available.
Last year about 40 percent graduates did not find a job, he said.
The ministry has been drafting polices to encourage more graduates to work in smaller cities or in the countryside to ease the tension on the job market.
