More than 90% of 2014 university grads find jobs
Almost all of the Class of 2014 university graduates in Shanghai have found jobs, and a growing number of have chosen to do grassroots work or start their own businesses, sources at the city’s leading universities said.
Some of Shanghai’s top universities recently released their annual graduate employment report, which said that more than 90 percent of last year’s graduates have found work.
Shanghai had a total of 168,623 graduates in 2014, according to the Shanghai Municipal Education Commission.
A report released by Fudan University earlier this month said more than 96 percent of its 7,509 graduates in 2014 have found employment.
Shanghai Jiao Tong University said the employment rate was 97 percent among its 8,644 graduates while Tongji University reported 98 percent among its 9,149 graduates.
Shanghai University of Finance and Economics also reported a similar figure among its more than 3,500 graduates in 2014.
Although Shanghai and neighboring coastal cities remain the popular places for graduates to work, local universities said the number of graduates looking for career opportunities in the middle and western regions is steadily rising.
“The country has been encouraging the graduates to work and start their own businesses in the western region in recent years,” said Yang Deqing, director of the employment guidance office at Shanghaibased Fudan University. “And we have seen more graduates have gone to do grassroots work or chosen to develop their careers in the western region.”
Fudan University said that more than 600 students who graduated in 2014 have chosen to work in the western region or at the grassroots level.
Shanghai’s Jiao Tong University said more than 60 percent of graduates in 2014 choose to work in the middle and western regions, for grassroots bodies and the country’s key industries.
The Shanghai education commission said the proportion of graduates who chose to work in the western region and at the grassroots level in 2014 increased 16.2 percent over 2013.
In order to encourage innovative entrepreneurship and promote employment, the city has launched a series of favorable policies and incentives to support graduates starting their own businesses, such as an entrepreneur education platform, training activities and tax breaks.
By the end of 2014, Shanghai Technology Entrepreneurship Foundation for Graduates, the country’s first nonprofit public foundation that motivates college students to pursue technology entrepreneurship, have sponsored 1,015 business projects, with the funding amount exceeding 190 million yuan ($30.7 million).
Local authorities also said that more than 40 percent of entrepreneurs in 2014 were young graduates.