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Higher education equals employment, survey suggests

Masters degree holders have markedly edged out bachelor graduates in Taiwan's workplace, a recent survey has found.

According to the results of the poll carried out by the Career Employment Web site, more than 45 percent of Taiwanese companies prefer hiring masters degree holders rather than those with only their bachelors, even though the jobs require only bachelor degree.

Fifty-two percent of the companies surveyed said that their hiring of masters degree holders was not to meet actual work needs, but rather a reflection of the situation of the current labor market, in which the number of masters and doctoral degree holders is growing fast.

Statistics showed that the number of Taiwanese students pursuing a masters degree jumped to more than 160,000 from 50,000 five years ago.

The number of graduate schools has also increased to 2,000 from about 800 during the same period.

In terms of professions, jobs related to research, marketing, overseas sales representatives, employment recruitment and legal consultation have the highest ratios of personnel with a masters degree, the survey discovered.

Around 88 percent of the hi-tech companies surveyed hope to recruit researchers with a masters degree background, while 46 percent of them harbor the same idea for overseas sales positions.

Some 84 percent of the financial services companies and about 47 percent of the law offices surveyed said that they will do the same while advertising for new employees.

The employment information Web site conducted the survey in September and recovered 201 valid questionnaires from human resources executives working for Taiwan's top 1,000 companies in the manufacturing sectors and top 500 in the service sector.
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