CUHK-Shernzhen Releases 2023 Employment Quality Report
The Chinese University of Hong Kong, Shenzhen released the Employment Quality Report for the the bachelor degree graduates 2023, showcasing a stable high employment rate of 95.13%, while also excelling in areas such as admission to prestigious universities, high-quality career development, and competitive salary levels.
Breaking Boundaries and Gaining Recognition from Prestigious Institutions
The proportion of graduates pursuing further studies reached 80.92%. The majority opting for overseas studies, with the United States being the primary destination, accounting for 37.90% of the total. Twelve students had been admitted to top Chinese universities like Tsinghua University, Peking University and Renmin University of China.
According to the 2024 QS World University Rankings and the 2023 US. News World University Rankings, out of 963 graduates for further studies, 21.70% pursued degrees at universities that ranked within the top 10 globally, including 1 student at MIT, 3 at the University of Cambridge, 8 at the University of Oxford, 2 at Harvard University, 31 at Imperial College London, 2 at ETH Zurich, 52 at the National University of Singapore, 25 at University College London, 10 at UC Berkeley, 2 at the University of Washington, 55 at Columbia University, 1 at Caltech, and 17 at Johns Hopkins University. An impressive 71.55% secured placements in universities within the world top 50 list.
A further 15.06% graduates attended graduate schools renowned in specific fields, though the universities are not featured in the top world top 50 rankings such as the City University of New York's Baruch College, which ranked first in the 2024 QuantNet Financial Engineering Program, the Middlebury Institute of International Studies at Monterey, one of the top three translation schools in the world; and HEC Paris, which ranked first in the 2023 Financial Times ranking of best business schools in Europe.
In 2023, a total of 41 CUHK-Shenzhen graduates were accepted directly into PhD programs (e.g. Statistics at Oxford; Bioengineering at Caltech), representing 4.26% of those advancing to higher education.
Diverse Career Choices and Bright Prospects
In 2023, 13.70% graduates gained employment directly after graduation. The average starting salary of the graduates was RMB 170,800 yuan a year, and the salary structure was further improved. Specifically, 0.75% of the graduates earned an annual salary of over RMB 500,000 yuan; 7.46% between RMB 300,000 and 500,000 yuan; 28.36% (an 11.4 percentage point increase from the previous year) between RMB 200,000 and 300,000 yuan; 46.27% between RMB 100,000 and 200,000 yuan. The rest of the graduates earned less than 100,000 yuan. One graduate majoring in Financial Engineering received a high-salary job offer from a multibillion-dollar quantitative hedge fund.
In employment choices, large private enterprises such as Huawei, SF Express, Pdd Holdings, ByteDance, remain the primary destination for students, accounting for 31.90%. Government agencies, public institutions, research institutions, and other social undertakings constitute 23.31%, with two graduates passing the national civil service examinations and joining the taxation department. Foreign-funded enterprises such as Procter & Gamble, L'Oréal, Deutsche Bank, Deloitte, and PwC make up another 23.31%. State-owned enterprises take up 21.47%, representing a 12.38 percentage point increase compared to the previous year, with enterprises like Bank of China, China Unicom, Tobacco Corporation, Shenzhen Gas Group, and Shenzhen Water Group were among the choices.
In response to recent changes in Hong Kong's talent policies, CUHK-Shenzhen has adeptly adapted to the expanded applicability of the "Immigration Arrangements for Non-local Graduates" (IANG) visa. The University actively built ties with employers in Hong Kong to expand employment channels and enable our graduates to pursue employment opportunities in Hong Kong. The choices of employment locations were diversified and internationalized with 90% opting for first-tier cities or provincial capitals in China such as Shenzhen (50.31%), Shanghai, Beijing, Guangzhou, Hong Kong SAR, Chengdu, Nanjing, Zhengzhou, Hangzhou and Changsha.
Additionally, three graduates went on to work as research assistants at top U.S. institutions (Harvard University, New York University, Carnegie Mellon University), while one was selected for the Dubai Business Talent Program fully funded by the Dubai authority. (Our University has had students selected for two consecutive years).
