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Graduates prefer State-owned to foreign companies

By Wang Xiaotian (China Daily)
Updated: 2009-08-31 09:43

To learn more about graduates' needs and preferences during campus recruitment periods, Morgan Stanley conducted its own survey in the first half of 2009 among students at Tsinghua, Peking, Fudan and Shanghai Jiaotong universities.

"We broadened our recruitment outreach based on the results, such as expanding our information channels through campus bulletin boards and other popular online forums posting job-hunting information, so that graduates would have a clear picture of what we can offer them," Wang said.

"To further contribute to the community and also enhance communications between graduates and Morgan Stanley, we have been sponsoring the Morgan Stanley Scholarship Program at leading universities in China since 2006," he added.

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Yi Siting, 25, a master's graduate from Renmin University of China, chose Bank of China as her career starting point this spring, but denied the economic situation was her main consideration while job hunting.

"At State companies such as Bank of China, a lot of relaxation activities will be organized, which makes employees feel like part of a family. Large companies give me a sense of belonging and security," she said

Yi's close friend Tang Fang, from Peking University, said she prefers foreign companies to any other kind, saying they had more management expertise and a freer atmosphere.

But Yi disagreed.

"Actually, most State companies such as Bank of China always hire a lot of people from abroad, and it has a very open and modern management style," Yi said.

"Nowadays, the gap between State-owned companies and foreign ones in this respect has become narrower and narrower," she said.

As HR commissioner at a State-owned telecommunication company, Wu Yao was pleased with the poll results.

But he added that he didn't expect State-owned companies to prevail in the long term.

"As the distance between Chinese companies and foreign counterparts narrows, students will choose employers according to their own background, personal working style and interests, regardless of whether it is foreign or State-owned," Wu said.

"All companies have realized the importance of human resources," Wu added.

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