Bulletin Number Four 1984

graduation, 766 (84.5%) respondents were engaged in full-time employment, 118 (13%) continued w ith their studies, 2 (0.2%) emigrated abroad and 1 (0.1%) was ill during the reference period and therefore not seeking employment. Twenty (2.2%) were still seeking suitable employment at the time o f the survey. The distribution o f 1983 graduates in the various occupational sectors was basically the same as in the previous year: 46.5% (44.9% in 1982) o f them were in the Education sector, 39.9% (36.6% in 1982) in Commerce and Industry and 6.8% (10.5% in 1982) in the Civil Service. An analysis o f the respondents' destinations by career field shows that nearly 88% o f them were employed in the following fields: Teaching (45%), Banking and Finance (11.2%), Administration/ Management and Management Consultancy (7.6%), Electronic Engineering (5.6%), Social Services (5.6%), Marketing (4.8%), Computer/Data Processing (4.2%) and Accounting (3.8%). Among those who were employed in the private sector, 36% were absorbed by local companies while 19% were employed in American firms and 18% in PRC firms. The rest were working for companies owned by British (10%), Japanese (7.5%) and other (9%) interests. The vast majority (86.8%) o f those joining the teaching profession was teaching in secondary schools and about 8% were teaching at tertiary institutions. In spite o f the considerable number o f opportunities in the disciplined services, the percentage o f graduates joining these services dropped from 3.1% in 1982 to 1.3% this year. The median monthly salary for graduates entering the Civil Service, the Education sector and the Commerce and Industry sector were $5,298, $5,202 and $3,623 respectively, showing an appreciation o f 6 % ， 9.5% and 9% respectively, as compared to the previous year. About 54% o f the graduates were substantially satisfied w ith their current employment while 33% reported average satisfaction. The graduates were generally interested in their work and comfortable w ith their colleagues and working environment. Consistent w ith the findings o f previous years, graduates who joined the Civil Service or worked in the Education sector were, generally speaking, happier w ith their jobs than those in the Commerce sector. Nearly 72% o f the graduates obtained their first appointment offers by the end o f August. Roughly 39% o f the graduates received two or more offers and 11% o f them were on their second or third job at the time o f the survey. The number o f graduates pursuing further studies declined from 145 (15.4%) in 1982 to 118 (13%) this year. Slightly over one-fifth o f these graduates entered overseas universities. About 31% o f them were following a diploma course in Education whereas 14.4% were admitted to Master o f Business Administration programmes. H igher Degree Graduates O f the higher degree graduates who responded to the survey, 94 (85.5%) had commenced work, 13 (11.8%) were engaged in further studies and 3 (2.7%) were still seeking suitable employment at the time o f analysis. Roughly 14% o f them had held more than one job since graduation. Close to 17% o f the higher degree graduates (not including MBA graduates) continued w ith their studies (15% in 1982). Almost all o f these graduates were from the science divisions and about half o f them were studying on fu ll scholarships. O f those who entered employment, 68.8% were engaged in teaching while some 16% were employed in the commercial sector. About 6% joined the Civil Service. Most o f the higher degree graduates in employ ment (87.5%) received amonthly salary above $5,000. Their average monthly salary appreciated by 6% from that o f the previous year. As in previous years ， the vast majority o f the MBA graduates opted for the commercial sector (90%). However, there appeared to have been changes in the career interest o f the 1983 MBA graduates: 23% o f them were employed in Banking and Finance and 27% in Marketing whereas, in 1982, 45% o f the MBA graduates were in Banking and Finance and 17% o f them were in Marketing. The average number o f appointment offers received by the MBA graduates was 2.1. Roughly 13% o f the MBA graduates were on their second job at the time o f analysis. The monthly salary for most o f the MBA graduates (73.3%) was in the range o f $5,501 to $7,000. Their average monthly salary showed an appreciation o f 8% compared w ith last year. D iplom ates o f the School o f Educa tion The employment pattern o f diplomates in Education has remained rather stable over the years. In 1983 ， 96.4% o f them entered employment directly related to their training. Almost all o f them were teaching in Government or aided secondary schools. The starting salary for most o f the diplomates (61%) was in the range o f $5,501 to $6,000 per month. Another 13 % ， who had previous working experience in teaching, were receiving a monthly salary above $6,000. The average monthly salary o f the diplomates has appreciated by 11% from 1982. 13 RECENT DEVELOPMENTS