Rosy Prospects for Graduates Highest Monthly Salary hits $67,000
More than 99% of graduates from the Class of 2006 had found jobs, started businesses or begun further studies by late 2006, according to a survey conducted by the Hong Kong University of Science and Technology (HKUST).
Average gross monthly income has increased to HK$12,421, up 8% over the previous year, with the highest individual monthly salary reaching $67,000.
Of the 1,549 respondents, 85% found full-time jobs; 12.5% were furthering their studies, while only 1.5% were engaged in temporary or part-time work. The full-time employment rate recorded an increase of 6% compared with the previous year.
"The employment survey is encouraging. Both the full-time employment rate and the average gross monthly income of graduates from the Class of 2006 have recorded a considerable increase. Many employers in business and financial sectors are willing to offer above-average salaries to attract brilliant HKUST graduates. It shows that HKUST graduates cater for the needs of knowledge-based society," said Prof Roland Chin, Acting Vice-President for Academic Affairs of HKUST.
By job nature, banking and finance is one of the most prominent industries in Hong Kong, hiring 12% of graduates with the highest increase of employment rate.
The most popular professions are engineering (18%), system administration and programming (14%), accounting (13%), sales/marketing (11%), and administration/management (10%).
Commerce and business is still the largest employment sector, drawing 69% of HKUST graduates, followed by manufacturing and industry (14%), education (10%), government (3%) and construction (3%).
"HKUST will continue to fortify students with all-round enrichment initiatives including internships and overseas exchange programs in addition to job-seeking skills," Prof Chin added.
The survey also shows that a total of 193 graduates are furthering their studies, with the number decreasing from 17% to 13%. It shows that more graduates are joining the workforce earlier.
For media enquiries, please feel free to contact :
Luk Kam Wing
Tel: 2358-6306
Email: kluk@ust.hk
Donna Wong
Tel: 2358-6317
Email: donnaw@ust.hk
About The Hong Kong University of Science and Technology
The Hong Kong University of Science and Technology (HKUST) (www.ust.hk) is a world-class research university that focuses on science, technology and business as well as humanities and social science. HKUST offers an international campus, and a holistic and interdisciplinary pedagogy to nurture well-rounded graduates with global vision, a strong entrepreneurial spirit and innovative thinking. HKUST attained the highest proportion of internationally excellent research work in the Research Assessment Exercise 2014 of Hong Kong’s University Grants Committee, and is ranked as the world’s best young university in Times Higher Education’s Young University Rankings 2019. Its graduates were ranked 16th worldwide and top in Greater China in Global University Employability Survey 2018.
