2022-07-01 18:30

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The REAL Reasons Expats Choose to Stay in China


The REAL Reasons Expats Choose to Stay in China 


In the pandemic era, especially having gone through several lockdowns, many expats are choosing to leave China based on concerns about the unstable policy situation. According to a survey conducted by magazine Fox Media, about 48 percent of expats in Shanghai either have left or plan to leave China, 37 percent are still hesitating. But why stay? After interviewing many foreigners who still choose to stay, we found out that personal development is the biggest reason.



Reason 

01

Better pay


In the past two years of the pandemic, the employment market for expats in China has undergone some changes, but the salary level has remained stable.  In some industries job salaries increased due to the loss of foreign employees.


According to a survey by HSBC

Before 2020, nearly a quarter of all expats earned more than $300,000 a year. Expats in senior management positions in general industries such as senior managers and directors are paid twice as much as local equivalents. For the top manager positions such as general manager, chief accountant, etc. expats are paid 1.8 times more than the locals in the same position.


After the pandemic outbreak, the job market has greater demand for expats in certain industries in China such as education, high-tech, architecture, etc. Although within the education industry the private training industry has been hit hard, there is still a great need for foreign teachers in international schools. The average salary for the current foreign teacher is 330,000-420,000 RMB per year. Meanwhile, in the field of high-tech, there has always been a large demand for foreign experts. An HTML designer can earn between 180,000 to 350,000 RMB annually and a Java developer can make up to 550,000 RMB.

Reason

02

More opportunities in a prospering market


This period has undoubtedly presented challenges for entrepreneurs while also accelerating the transformation of various industries. Expat entrepreneurs who chose to stay in China have found new opportunities worth persevering.


1)

Switch to online business: 

With the impact of lockdown, offline business models are still faced with difficulties, the only way to succeed is to develop new online products or services.  Luckily in China, there are mature online business services such as logistics services and online payment services. 


In China, you have to grant access to your personal information to some extent. Whatever your views on the wider ramifications of this issue, its undeniably impressive what Chinese companies can do in terms of digital marketing, from a business standpoint, its quite impressive. Id read cases about Chinese mobile marketing, but until you experience it for yourself, you could never realize quite how extensive the ecosphere is, according to Mayu, a fashion practitioner based in Japan who took CEIBS MBA programme and then bridged the Japanese and Chinese markets through e-commerce.



2)

Policy Stimulation:

There are favorable policies for certain industries where there are opportunities to seek development with government support.


David, a graduate from CEIBS MBA programme, joined the Gujiao Guosheng Coalbed Methane Company in Shanxi province, as a full-time Executive Board Member. His goal is to reduce the province's reliance on coal and help them pivot to cleaner sources such as natural gas. 


The business model is new but starting to be understood. I can also feel the motivation from local governments to explore these types of initiatives to help them achieve their environmental and economic objectives. We also have the entire upstream assets for extracting gas in place, so all in all, we're heading in the right direction." 



3)

Market share is becoming larger:

Some foreigners have withdrawn from the competition, and the market share is now becoming larger.


During the recent lockdown it was heavy, but there is one thing positive, I got more opportunities than before as many musicians quit their career in China. DJ F-white once mentioned in an interview about the pandemic impact on his life in Shanghai, China. 

Reason

03

Boost your career with an advanced degree


In order to upgrade your career or enhance your business acumen, furthering your studies with the CEIBS MBA programme might be a great choice. 



About CEIBS:

China Europe International Business School (CEIBS) was co-founded by the Chinese government and European Union (EU) in 1994 with Shanghai Jiao Tong University and the EFMD serving as its executive partners. CEIBS offers MBA, Finance MBA, EMBA, Global EMBA, Hospitality EMBA, DBA (Switzerland), and Executive Education programmes. CEIBS was the first business school on the Chinese mainland to be accredited by both EQUIS and AACSB. CEIBS has been ranked #1 in Asia and in the top 10 in the world, on the FTs list of global MBA programmes for four consecutive years and has been ranked in the top 5 on its global EMBA list for three consecutive years.



What you can get from the CEIBS MBA programme?


Tools for your success

By delivering solid business training and encouraging independent thought, team collaboration and open communication, CEIBS provides its graduates with the essential tools for success in many career paths.


The programme is designed to lay a solid foundation of management fundamentals while providing the flexibility of tailored programmes to fit individual interests and career ambitions. Students can choose to focus on general business management or select one of four concentrationsin Finance, Marketing, Digital Business or Entrepreneurship. 


Furthermore, students are required to gain international experience either through the school's impressive international exchange programme, one of two coordinated degree programmes and/or one of five overseas electives.



Teachers and mentors

Professors are selected from the worlds most distinguished universities with an emphasis on their research as well as teaching abilities. With approximately 30% of faculty coming from the US, 40% from China, and 30% from Europe and the rest of the world, you are guaranteed to receive an exceptionally diverse and enriching class experience - with no single culture viewpoint dominating the discussions. 


Financial Aid

CEIBS MBA programme offers a rich and diversified scheme of financial aid to qualified candidates.


Financial aid includes: merit based scholarships, diversity based fellowships, needs based education fund, social finance loans and others.


The Financial Aid Office is here to help you finance your MBA studies. Backed by a large amount of financial aid offered in 2020, more than 30% of MBA 2022 students received scholarships or fellowships covering 20-100% of their tuition fees. In addition to this, 20% of MBA 2022 students received loans covering 25-100% of tuition fees.



Career support

The Career Development Centre (CDC) is dedicated to bridging companies with MBA graduates. We help students identify career interest and develop a career plan. They also facilitate various activities to enhance communication between companies and students. As an advisor to MBA participants, one of the CDCs main responsibilities is to help students find their career instead of landing a job.



How to apply

All candidates are expected to meet the following requirements:

- A bachelor's degree or above

- Full-time work experience of two years or longer

- A GMAT/GRE score (GMAT code: MDQ-HH-39; GRE code: 3654) or CEIBS Admission Test score

- Proficiency in English


In light of the recent challenges brought by COVID-19, the MBA Office at CEIBS has made the decision to extend the window of application for MBA 2024 (October 2022 intake) to July 6, 2022.


To help kick-start your MBA application, international professionals who have proven their ability to work beyond borders can now apply for our newly announced fellowship of 40,000 RMB


Click me to apply!

or 

Scan the code to apply!



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