Hong Kong’s fresh university graduates are facing an improved job market with more vacancies and higher pay offers.
A total of 18,088 jobs were offered in the first two months of 2015, up 35 percent from a year earlier, Apple Daily reported, citing data from the Joint Institutions Job Information System, an online job information system jointly run by eight universities for employers and college graduates.
The jobs were being offered by 1,148 employers, a 15 percent year-on-year increase.
Of the vacancies, 2,157 were teaching-related, up 75 percent from a year earlier, while another 5,490 jobs were for customer services such as retail, hotels and tourism, up 53 percent.
A survey by Apple Daily found that accounting firms were the most aggressive in recruiting new graduates this year, with more than 850 jobs offered by Ernst & Young, KPMG and Deloitte, while PricewaterhouseCoopers plans to hire 2,000 in Hong Kong and mainland China.
In the banking sector, Hang Seng Bank wants to hire about 60 management trainees while DBS is seeking the same number of fresh graduates. HSBC also has similar plans, but has not announced the numbers yet.
New graduates are expected to receive between HK$10,000 (US$1,290) and HK$13,000 as starting pay, up 2 to 5 percent from a year earlier, human resources expert So Wai-chung said.
Lancy Chui, managing director of ManpowerGroup for the Greater China region, advised college freshmen and sophomores to accumulate work experience during summer breaks to become more competitive in the jobs market.
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