New Grads Suffer Anemic Salary Growth in 2022, Survey Shows

Starting salaries for new college graduates in 2022 grew at less than half the rate they did the previous year, with almost 60% earning less than 6,000 yuan ($838) per month, a recent report showed.

Meanwhile, the employment ratio of young graduates by the private sector is declining, with only 28% of the class of 2022 finding jobs in small and medium-sized private enterprises of less than 300 employees, according to the 2023 Employment Blue Book released by MyCOS, an education data and consulting service provider.