Economics/ Finance

*Where did the 1999 Bachelor of Economics/ Bachelor of Finance graduates go ?*
	Careers Education and Placement Centre

I. Introduction

The information in this paper is extracted from the Graduate Employment Survey of 1999 to answer the following questions about Bachelor of Economics and Bachelor of Finance graduates : -

How many were employed six months after graduation ?

Among those who pursued further studies, what programmes were they enrolled in ?

Among those who were employed full-time, how long did it take them to get their first job offer ?

In which sectors were they employed ?

How much salary did they receive ?

How many job offers did they receive ?

Who were their employers and what were their job titles ?

II. Employment Situations in 1999
Of the 168 graduates from these programmes, 159 responded to the survey. Their employment situations are listed below.

	BECON/BFIN		HKU Overall*
	1999		1999
	No.	%	No.	%
No. of respondents	159	100	2475	100
Employed	135	85	1928	78
Unemployed seeking F/T job	4	2.5	79	3.2
Further Studies	18	11	455	18
Emigrated/Returned to home country	0	0	4	0.2
Not seeking F/T job	2	1.3	9	0.4

* HKU Overall refers to the figure for the total HKU population and includes M.B.,B.S. and B.D.S. graduates.

III. Further Studies
Eighteen graduates proceeded to further studies. The tables below show the academic programmes that they pursued and their sources of funds.

	Academic Programme
Field of Study	M.Phil.	Master (Coursework)	Postgraduate Certificate	Adv.Diploma/ Diploma
Business Administration/ Management	1	1
Social Sciences		8
Quantity Surveying/ Surveying		2
Education			5
Mandarin Language Studies				1

*Source of Funds*	No. of Graduates
Own Funds	14
Teaching Assistantship/Studentship	3
Government Grant & Loan	1

IV. Time Taken to Secure Employment
The time taken for graduates to secure employment is shown below.

	% of new graduates who have secured employment
By the end of	1999
May or before	22%
June	46%
July	67%
August	82%
September	89%
October	95%
November	99%
December	100%

No Response = 5

V. Employment Sectors
The majority of graduates from these programmes were employed in commerce & industry, while others were employed in community, social & personal services, educational institutions and the civil service.

	% of graduates
Sector	1999
Commerce & Industry	92%
Community, Social & Personal Services	4%
Educational Institutions	2%
Civil Service	2%

No Response = 1

VI. Basic Salary and Gross Income
The remuneration received by graduates from these programmes is shown below.

	Basic Salary		Gross Income
	BECON/BFIN	HKU Average*	BECON/BFIN	HKU Average*
	1999	1999	1999	1999
Mean	$10,286	$14,480	$11,659	$15,716
Median	$10,000	$10,870	$10,842	$11,917
Minimum	$1,000	$1,000	$3,000	$3,000
Maximum	$35,285	$58,000	$35,285	$60,000

* HKU Average refers to the figure for the total HKU population and includes M.B.,B.S. and B.D.S. graduates.

VII. Number of Full-Time Job Offers
The number of job offers received by graduates from these programmes is shown in the following table.

*No. of job offers received*	No. of graduates (% of graduates)
One	47 (36%)
Two	41 (32%)
Three	24 (19%)
Four	8 (6.2%)
Five	3 (2.3%)
Six	3 (2.3%)
Eight or more	4 (3.1%)

No Response = 5

VIII. Names of Employers and Job Titles
The job titles of graduates from these programmes in full-time employment and the names of their employers are listed below.

*Employers*	Job Titles
CIVIL SERVICE -
HKSAR		Administrative Officer
HKSAR - Census & Statistics Department		Interviewer

EDUCATIONAL INSTITUTIONS -
The Christian Alliance College		Certificate Master
Organization's name not reported		Certificate Master
Organization's name not reported		Graduate Master

COMMUNITY, SOCIAL & PERSONAL SERVICES -
Brilliant Learning Centre		Teacher
Hong Kong Management Association		Assistant Executive Officer
Organization's name not reported		Tutor



COMMERCE & INDUSTRY -
Ad-Post (HK) Ltd		Client Services Executive
American International Assurance Co Ltd		Business Analyst
American International Assurance Co Ltd		Client Services Administrator
Ann's Travel Service Co Ltd		Tour Supervisor
AOL		Member Support Officer
Asia Professional Development		Software Engineer
Bank of America Asia Ltd		Trainee
Bank of China		Officer Trainee
Can Rich & Partners Ltd		Associate Consultant
Carpark (HK) Ltd		Manager
Cathay Pacific Airways Ltd		Cabin Crew
Cathay Pacific Airways Ltd		Supervisor Trainee
Celton Ltd		Assistant Merchandiser
Charles Schwab (HK) Co Ltd		Business Development Assistant
Chartersince Surveyors Ltd		Marketing Research Assistant
Chevalier Shop Ltd		Assistant Operator Supervisor
China Everbright Securities (HK) Ltd		Account Executive
China Everbright Securities (HK) Ltd		Account Executive
Citibank NA		Customer Services Executive
Citibank NA		Officer Trainee
Citic Global Logistics Ltd		Management Trainee
Citic Ka Wah Bank		Product Specialist
CMG Asia Pension & Insurance Co Ltd		Assistant Manager
Coastal International Exhibition Co Ltd		Project Officer
Credit Lyonaais Securities Ltd		Settlement Clerk
Dah Sing Bank Ltd		Customer Services Officer
Dah Sing Bank Ltd		Customer Services Officer
Dah Sing Bank Ltd		Customer Services Officer
Dah Sing Bank Ltd		Customer Services Officer
Dairy Farm Group		Management Trainee
Dao Heng Bank Ltd		Customer Relation Representative
Dao Heng Bank Ltd		Customer Relation Representative
Dao Heng Bank Ltd		Personal Financial Services Trainee
Dao Heng Bank Ltd		Personal Financial Services Trainee
Deloitte Touche Tohmatsu		Staff Accountant
Deloitte Touche Tohmatsu		Tax Accountant
East Asia Aetna		Insurance Consultant
Ernst & Young		Staff Accountant
Ernst & Young		Staff Accountant
Ernst & Young		Staff Accountant
Ernst & Young		Staff Accountant
Esquel Enterprise Ltd		Personal Assistant
Esquel Group Ltd		Sales Management Trainee
Esquel Group Ltd		Sales Management Trainee
Exchange Square		Research Assistant
Expenditors (HK) Ltd		Executive Trainee
Expenditors (HK) Ltd		Operation Assistant
Fidelio Industrial Co Ltd		Merchandiser
Finet Holdings Ltd		Editor
Finet Online Co		Editor
Fortress		Sales Manager Trainee
Hablo Co Ltd		Assistant Merchandiser
Hablo Co Ltd		Merchandising Assistant
Hale Textile Ltd		Assistant Merchandiser
Henderson Real Estate Agency Ltd		Leasing Representative
Hong Kong & Shanghai Banking Corporation Ltd		Financial Services Executive
Hong Kong & Shanghai Banking Corporation Ltd		Graduate Trainee
Hong Kong Economic Times		Reporter
Hong Kong Economic Times		Reporter
Hong Kong Seibu Enterprise Co Ltd		Clerk
Hong Kong Standard		Editorial Assistant
Hong Kong Stock Exchange		Information Services Officer
International Communications for Management Group		Sales Executive
Jardine Co Ltd		Account Trainee
Jardine Fleming Ltd		Operation Specialist
JRC International Ltd		Merchandising Executive
Jumpin Gym (USA) Ltd		Management Trainee
Jumpin Gym (USA) Ltd		Management Trainee
Kei Seng Plastic Manufactory Ltd		Coordinator
King Bakery Holdings Ltd		Marketing Officer
KPMG Peat Marwick		Accountant
Life O2 International (Asia) Ltd		Secretary
Luthhansa Cargo		Sales Executive
Mitsui Marine & Fire Ins (HK) Co Ltd		Executive Trainee
Multi-Gold Air & Sea Express Ltd		Management Assistant
New York Life Insurance Worldwide Ltd		Business Development Executive
One Tel Ltd		Customer Services Officer
One Tel Ltd		Team Leader
Pacific Century Insurance Co Ltd		Management Trainee
Pacific Century Insurance Co Ltd		Management Trainee
Pacific Life Assurance Co Ltd		Business Development Officer
Pacific Newmark Holdings Ltd		Management Trainee
Ponyard Development Ltd		Marketing Executive
PricewaterhouseCoopers		Associate
PricewaterhouseCoopers		Associate
PricewaterhouseCoopers		Associate
Pruton Prudential Hotel		Financial Analyst
Retailcorp Ltd		Marketing Officer
Shenhua Trading Ltd		Marketing Officer Trainee
Shenyin Wanguo Securities (HK) Ltd		Assistant to Dealing Director
Shenyin Wanguo Securities (HK) Ltd		Broker
Shun Po Co Ltd		Journalist
Sin Hau Bank Ltd		Loan Officer
Standard Chartered Bank		Management Trainee
Standard Chartered Bank		Personal Financial Consultant
System-Pro Computers Ltd		Education Market Specialist
TDK (HK) Co Ltd		Purchasing Assistant
Television Broadcast Ltd		External Affair Officer
The Bank of East Asia Ltd		Business Officer
The Chase Manhattan Bank		Clerk
The Kwangtung Provincial Bank		Investment Officer
Tokai Bank Ltd		Risk Management Executive
Trendsetter		Customer Services Executive
Turich Insurance Holdings (HK) Ltd		Management Trainee
TVG		Administration Assistant
Visa Connection Co Ltd		Assistant Merchandiser
Wan Hai Lines (HK) Ltd		Sales Representative
Watson Wyatt (HK) Ltd		Investment Analyst
Wing Lung Bank		Customer Services Officer
Wish Trading Co		Shipping Clerk
Yahoo Holdings (HK) Ltd		Customer Services Officer
Zhen Hua Trading Ltd		Marketing Officer
Organization's name not reported		Assistant Manager
Organization's name not reported		Assistant Marketing Officer
Organization's name not reported		Auditor
Organization's name not reported		Leasing Representative
Organization's name not reported		Merchandiser
Organization's name not reported		Officer
Organization's name not reported		Operation Officer
Organization's name not reported		Personal Financial Officer
Organization's name not reported		Product Sales Executive
Organization's name not reported		Trademark Executive

No Response = 5
Note : Some of the 1999 graduates indicated willingness to talk to individual students about their work. Contact numbers can be obtained from counsellors at the CePc.

IX. Similar information on graduates from other disciplines is available for reference in the Careers Library. Please contact the CePc for further details.

Careers Education and Placement Centre

3/F Wong Chuang Lai Wah Building

Meng Wah Complex

The University of Hong Kong

Pokfulam Road

Hong Kong

Telephone : 2859 2314

Fax : 2559 5238

E-Mail : CEPC@HKUCC.HKU.HK

Homepage : http://www.hku.hk/cepc

Opening Hours : Monday - Friday (9:00 a.m. to 5:30 p.m.)

Saturday (9:00 a.m. to 12:00 p.m.)

Cindy Chan

August, 2000

The analysis is based on information provided by the respondents, and the Careers Education & Placement Centre should not be held responsible for any errors arising therefrom.

No part of this report may be reproduced in any form or by whatever means,

unless with written permission from the Director of the Careers Education and Placement Centre,

The University of Hong Kong