Returned overseas Chinese students working in Shenzhen and Guangzhou are earning 8,105 yuan (US$1,269) per month on average, 7.4 percent lower than their expected remuneration (8,445 yuan on average), according to an annual report on overseas Chinese students’ career development released by Zhaopin.com, the Southern Metropolis Daily reported.
According to the report, Chinese students returning to work in China after obtaining degrees overseas were expecting higher salaries, especially those who work in Shenzhen’s dominant industries such as real estate and Internet, as well as government and nonprofit organizations.
Students with degrees in mathematics and computer science were reported to have the highest salary expectation of 9,763 yuan on average, followed by medicine, engineering and other science majors, while students majored in humanities disciplines were expecting less than their counterparts.
It was deduced that math, IT and medical students were more optimistic about employment and expected higher salaries due to the strong applications for their majors.
Also, the salaries students expect vary based on the cities they choose. Expected salaries are higher in Hong Kong, Beijing, Shanghai and Shenzhen than other cities in China.
The report released by the jobseeking website suggested that Shenzhen’s economic development could hardly be separated from the support of immigrated talents. The sixth survey of the national census showed that 77 percent of Shenzhen’s workforce is from other cities or countries.
The city’s incentives have also attracted more overseas returnees to work and live in Shenzhen. In the past decade, the annual number of returned overseas students introduced has grown from 1,000 to 10,000.
In 2015, a large number of returned overseas students were recorded with intentions to start their own businesses in their motherland. A total of 11 percent of the cohort said they wanted to start a new business. However, the ratio has dropped to 6 percent in this year’s report.
In another development, registration opens today for this year’s introduced talents with bachelor’s degrees or above, according to the Shenzhen Municipal Human Resources and Social Security Bureau.
Graduating students or holders of bachelor’s degrees or above who have been employed for less than a year and are originally from other cities in China can now register on the bureau’s online system. Upon finishing the registration, candidates will be given special allowances based on their degrees.