Western students are now finding jobs in China more easily, reports China Europe International Business School (CEIBS). Its 184 members of the 2011 graduating class received 1,500 job offers from 480 companies.
Another positive trend emerged from a report from global recruitment company Antal. Its July edition of the ‘Global Snapshot’, where the company interviewed nearly 13,000 companies on six continents, found 70 per cent of companies in China planned to recruit at professional or managerial level in the next three months.
Hong Kong is one of the most popular Chinese cities as it is an innovative and advanced city with salaries that compare to London or other high profile cities in the world. The cost of living in Hong Kong, however, is still lower than in London for example (see news below). Hong Kong mainly offers finance positions.
Shanghai, Beijing and Guangzhou have a broader job market for MBA holders than Hong Kong, as many international as well as Chinese companies have their headquarters in one of these cities.
Less known cities like Chongqing, Chengdu or Wuhan are still in a development stage and offer quite exciting opportunities for aspiring entrepreneurs. Experts estimate that by 2020 China will have 93 cities that have more than four million citizens.
On a downside, though, these developing cities – except for Hong Kong – all offer lower wages for MBA holders combined with very affordable cost of living, of course. Very often Chinese companies cannot match the salaries that international companies offer.
MBA courses offer help in adjusting to local business cultures and rules. In China, they teach about ‘guanxi’, for example. ‘Guanxi’ means personal relationship and is the most important skill a businessperson can possess in China. ‘Guanxi’ is gained through trust between business partners.