With a record 6.99 million college graduates entering into the job market this year, 2013 has been known as the most difficult year of employment in China. Yesterday, the Beijing Youth Stress Management Service Center released the “2013 China Graduate Employment Pressure Survey”. The report shows that employment pressure this year is the highest in 4 years, the average salary expectation has declined to 3,683 yuan (US$ 589).
Salary expectations continue to decline two years
Since 2009, the Beijing Youth Stress Management Service Center launches the “China Graduate Employment Pressure Survey” each year, this year a total of 16,090 people participated in the investigation.
For the five consecutive years, the highest salary expectations was found in 2011, 5537.5 yuan (US$ 886), but it declined to 4592.5 yuan (US $735) in 2012, and a further decline was witnessed this year as it fell to 3,683.6 yuan (US$ 589). From the people participating in the survey, the monthly salary expectation increased with the level of education. This year, junior college students expect a monthly salary of 3,444 yuan (US$ 551); degree students expect a monthly salary of 3,494 yuan (US$ 559); graduate students expect a monthly salary of 4,879 yuan (US$ 780); doctoral students expect a monthly salary of in 6000 (US$ 960).