China's college grads prefer state companies

More of China's college graduates are choosing state-owned enterprises over foreign-funded ones, according to a survey on China's best employers released in Beijing Thursday.

Conducted by ChinaHR.com, the survey shows China's state-owned enterprises, joint ventures and public institutions are the top three choices for Chinese college graduates. While foreign-funded enterprises dropped out of the top three to the fifth place.

The top 10 best employers are China Mobile, Alibaba, Haier, Microsoft China, Bank of China, Google, Lenovo, Proctor & Gamble, Industrial and Commercial Bank of China and China Telecom, according to the survey.

The survey also shows that among the top 50 best employers, 33 state-owned large enterprises, covering industries such as communication, finance and chemicals were included for the first time, accounting for more than 60 percent of the top 50 best employers. In addition, 46 out of the 50 enterprises are domestic and 29 of them squeezed into the top 50 list for the first time.

Only four foreign enterprises were included in the top 50 list due to the massive layoffs, pay cuts and other issues caused by the financial crisis. While the SOEs, followed by joint ventures and public institutions, are preferred to college graduates due to the relatively stable pay and benefits.

The survey also noted college graduates are more realistic when seeking jobs.

By Liang Jun, People's Daily Online