Student entrepreneurship on the rise

Updated 2017-09-17 12:00:35

A report published recently by MyCOS, an education consultancy, shows that more university graduates have ventured into business in the past five years.

From 2012 to 2016, the proportion of graduates who started up their business half a year after graduation has risen from 1.2 percent to 2.2 percent for undergraduates and from 2.9 percent to 3.9 percent for junior college students, according to the survey. The consultancy polled at least 250,000 graduates each year from 2012 to 2016.

The report also says even more graduates started a business three years after graduation.

It shows 5.9 percent of college graduates — undergraduates plus junior college students — chose to found a business three years after graduation, compared with 2.3 percent for those who did so half a year after graduation.

In terms of survival rate, 46.2 percent of businesses founded by undergraduate entrepreneurs continued to operate three years after being established.

The report says more than 80 percent of the graduate entrepreneurs started a business because they saw good business opportunities, while less than 10 percent did so because they could not land a decent job.

Among the 2016 respondents, 74 percent said they started their business in their home province, while 6 percent chose to establish their business in the province where their university is located.

Education and retail industries attracted the most college entrepreneurs — 21.1 percent of the 2016 undergraduate entrepreneurs pursued a career in education and 13.9 percent of the 2016 junior college graduates entered into the retail business.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 22 2019 22:27:40

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 22 2019 22:27:40

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 22 2019 22:27:40

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords