Tuesday, September 19, 2006
Over lunch yesterday, we were discussind job opportunities in China and India. As opposed to most Indian's working after they graduate(obviously because of the surplus of jobs available-atleast now), Chinese choose to go for their masters.
This because of the lack of jobs.
I never thought it possible, for a country recording double digit growth rates for the last so many years, there would be a paucity of jobs.
Last year, more than 1 million chinese graduates, gave the exam for master's course. They apparently have one common exam in english and math, while other courses and universities have thier separate exams. The three top unviserties in China are the Peking(Beijing) University, Xiamen University and Qinghua University. We have about 6 to seven people from xiamen doing either finance or economics at SMU for a year.
The one's who don't get in, either sit for the exam or get a job not worth their degree. Surprising ain't it? The big cities obviously have much better prospects than the smaller cities but the opportunities are drying out for graduates.
As we had studied in policy last year, with more and more Chinese getting a higher degrees the number of educated unemployed will rise. With so many student with master's in finance( and if you have a master's in finance implies you are very good)and to a lesser extent economics, the companies would obviously prefer them to undergrads.
Another fascinating fact I learnt yesterday was that most chinese get a full score in thier Gre!This when they don't even know proper english.
I was told they are taught how to pick out the right answer. I didn't know that the reading comprehension was something where you can be taught how to comprehend. Since most get full scores, you are not even considered abroad if you don't manage a 1600 or at max 1580.
My friend got this brainwave yesterday that both of us could go and spend a year at Xiamen next. My chinese would most definately improve and we'd learn a good amount of math. I don't think that will materialize, but it'll be pretty cool, to spend a year there. I've seen photos, it's a beautiful place!
This because of the lack of jobs.
I never thought it possible, for a country recording double digit growth rates for the last so many years, there would be a paucity of jobs.
Last year, more than 1 million chinese graduates, gave the exam for master's course. They apparently have one common exam in english and math, while other courses and universities have thier separate exams. The three top unviserties in China are the Peking(Beijing) University, Xiamen University and Qinghua University. We have about 6 to seven people from xiamen doing either finance or economics at SMU for a year.
The one's who don't get in, either sit for the exam or get a job not worth their degree. Surprising ain't it? The big cities obviously have much better prospects than the smaller cities but the opportunities are drying out for graduates.
As we had studied in policy last year, with more and more Chinese getting a higher degrees the number of educated unemployed will rise. With so many student with master's in finance( and if you have a master's in finance implies you are very good)and to a lesser extent economics, the companies would obviously prefer them to undergrads.
Another fascinating fact I learnt yesterday was that most chinese get a full score in thier Gre!This when they don't even know proper english.
I was told they are taught how to pick out the right answer. I didn't know that the reading comprehension was something where you can be taught how to comprehend. Since most get full scores, you are not even considered abroad if you don't manage a 1600 or at max 1580.
My friend got this brainwave yesterday that both of us could go and spend a year at Xiamen next. My chinese would most definately improve and we'd learn a good amount of math. I don't think that will materialize, but it'll be pretty cool, to spend a year there. I've seen photos, it's a beautiful place!
# posted by qq @ 7:01 PM 
