Graduate pay rises 4.8% in Hong Kong on average but who earns the most?
Advertisement
Graduates of the University of Hong Kong (HKU) enjoyed the highest pay, with their average annual salary rising above HK$400,000 for the first time.
The University Grants Committee, a government advisory body that allocates funding for higher education institutions, on Wednesday uploaded the average salaries of graduates and postgraduates in 2024.
The average annual salary of graduates last year rose to HK$329,000, marking a 4.8 per cent increase from the class of 2023. Higher-paid graduates, such as those in medical disciplines, are included in the figures.
On a 12-month basis, the figures mean graduates earned HK$1,250 more per month on average in 2024 at HK$27,416 compared with a year ago.
Advertisement
Social science graduates enjoyed the highest annual increase at 9.1 per cent.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
13 minutes ago
- South China Morning Post
US starts issuing licences to Nvidia to export H20 chips to China, official says
The United States ' Department of Commerce has started issuing licences to Nvidia to export its H20 chips to China, a US official told Reuters on Friday, removing a significant hurdle to the AI bellwether's access to a key market. Advertisement That followed the US government's decision last month to reverse an April ban on the sale of the H20 chip to China. Nvidia had tailored the graphics processing unit (GPU) especially for the Chinese market to comply with the Biden-era artificial intelligence chip export controls The curbs would have sliced US$8 billion off sales from Nvidia's July quarter, the company had warned. It is unclear how many licences may have been issued, which companies Nvidia was permitted to ship the H20 chips to, and the value of the shipments allowed. Nvidia CEO Jensen Huang met US President Donald Trump on Wednesday, according to two sources familiar with the matter. Advertisement An Nvidia representative declined to comment. A White House spokesman did not immediately respond to a request for comment. The Financial Times first reported the issuance of H20 export licences to Nvidia.
South China Morning Post
2 hours ago
- South China Morning Post
New normal: why Hong Kong's commercial property deep-freeze is here to stay
In the second instalment of our two-part series on Hong Kong's beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city's stock market as a venue for initial public offerings could boost office uptake and ease developers' pain. Advertisement Swiss bank UBS got a steal in 2003 when it leased 146,000 sq ft across six floors in Two International Finance Centre – then the tallest building in Hong Kong – for less than HK$20 (US$2.55) per square foot. The landlords, MTR Corp and a consortium led by Sun Hung Kai Properties, signed the 10-year agreement as the outbreak of severe acute respiratory syndrome (Sars) was ravaging an already weak market. Fast-forward a decade, and UBS had to pay five times more to extend the lease, thanks to a booming office market amid a blazing-hot economy. Property owners trying to ride out the current slump in the city's commercial property market may find such tales comforting. However, history does not seem likely to repeat itself this time, according to analysts. 'Hong Kong real estate for about 20 to 25 years was one way – up – with past crises like the 1997-1998 and 2008 financial crises and Sars in 2003 affecting the sector like a blip,' said Goodwin Gaw, chairman and co-founder of Gaw Capital , a Hong Kong-based private-equity firm with a focus on real estate. Advertisement The current slump breaks that paradigm. 'This downturn presents challenges unlike any seen since the 1990s,' said Henry Chan, a commercial real estate economist at Capital Economics. 'The market is grappling with simultaneous structural and cyclical headwinds, leading to a prolonged decline in property values. A return to the peak levels seen in 2018 seems improbable within the next decade.'
South China Morning Post
3 hours ago
- South China Morning Post
As AI chatbots gain popularity in China, so does the business of inserting ads into results
As ChatGPT-like chatbots gain traction, generative engine optimisation (GEO) has emerged as an increasingly significant approach for brands seeking visibility in answers generated by artificial intelligence. Unlike traditional search engine optimisation (SEO) that is meant to improve rankings in results, GEO aims to ensure content is cited, summarised or recommended by AI models, which generate 'answers with a word limit', said Yuan Yong, branding director of Big Fish Marketing in Shenzhen. Yuan, who has been working with SEO since 2014, only ventured into GEO this year after Chinese AI start-up DeepSeek burst onto the scene, prompting many local companies to rethink their strategies. Optimising AI-generated content involves improving the information provided on a company's website, thereby increasing its exposure to news outlets, online portals and Wikipedia-like platforms, Yuan said. Yuan cited the example of online education platform Nuoyun, which received a recommendation from DeepSeek as one of the best such resources in China after the Big Fish team 'polished' the content on its website, as well as posting 40 articles on other websites. But that does not mean the new-found visibility stayed permanent, as continued attention would be required to fine-tune the content.
