[photopress:mba_job_tougher.jpg,full,alignright]In the United States there appears to be a leveling off of average starting salaries for business majors coming out this year. It is difficult to forecast exactly how this will affect the market in China but the prospects are not, perhaps, as pleasing as before.
A report released by the National Association of Colleges and Employers (NACE) found that in the United States for business professions starting salaries have remained almost flat, and cutbacks in the financial sector are dampening optimism for the months ahead.
Reported salary increases come from offers to computer and information science graduates, who are seeing average salary increases of 13%. Seniors with majors in software design and development are the most sought-after of all college graduates.
Not so business students whose starting salaries barely budged this year, a combination of a slowdown in the economy and major financial firms cutting back on their hiring classes.
Edwin Koc said, ‘Where the slowdown really hit is with the business majors. There is really no increase in their salaries. They’re flat, dead flat, which is very unusual.’
How will this affect China? There is bound to be SOME knock-on effect and it is probable that the competition will be more ferocious than ever.