Average graduate income increases by 4.8% in Hong Kong, but who reaps the highest salaries?
Hong Kong University Graduates See Significant Salary Increases in 2024
The University Grants Committee (UGC), the government advisory body responsible for allocating funding to higher education institutions in Hong Kong, has released the average salaries of graduates and postgraduates for the class of 2024.
According to the data, the average annual salary for university graduates in Hong Kong increased by 4.8% to HK$329,000 (US$42,180) in 2024. This represents a HK$1,250 (US$158) monthly increase compared to the previous year.
Among different disciplines, social science graduates had the highest salary increase at 9.1%. Graduates from medical disciplines were among the highest paid overall, and graduates from the University of Hong Kong (HKU) had the highest average annual salaries, surpassing HK$400,000 for the first time.
However, the UGC data does not specify the average salaries for graduates and postgraduates from any specific university other than mentioning that graduates from HKU enjoyed the highest pay. Additionally, the data does not provide any information about the job titles or industries of the graduates and postgraduates whose salaries were included in the data.
Despite these limitations, the data suggests a general upward trend in salaries for graduates and postgraduates across most sectors in Hong Kong university education. Social science degree holders had the highest pay increments among all disciplines in 2024.
In summary, the average salaries of graduates in Hong Kong have risen significantly in 2024 compared with 2023, especially in social sciences. This reflects improved pay across most sectors in Hong Kong university education.
| Group | Average Annual Salary (HK$) | Annual Salary Increase (%) | Notes | |---------------------------|-----------------------------|----------------------------|------------------------------------------| | All Graduates (Class 2024)| 329,000 | 4.8% | +HK$1,250/month compared to 2023 | | Social Science Graduates | Not specified, but highest increase | 9.1% | Highest annual pay increment | | Medical Graduates | Among highest earners | Not specified | Included in overall data | | HKU Graduates | Over 400,000 | Not specified | Highest average annual salary by institution|
[1] University Grants Committee - Average Salaries of Graduates and Postgraduates in 2024 (Link) [3] South China Morning Post - Hong Kong graduates earn HK$329,000 on average in 2024, up 4.8% from 2023 (Link)
Science graduates in Hong Kong experienced a notable 4.8% increase in their average annual salaries to HK$329,000 in 2024, placing it within the broader context of increased salaries across most university sectors. This growth, evident in education-and-self-development, mirrors the general upward trend in salary across various disciplines.
