Published: November 28 2023
Hungarian degrees offer significant benefits to graduates in terms of job success and earning potential. This article explores the advantages that Hungarian graduates have in the job market and highlights the recent changes in the higher education system.
Wage advantage for Hungarian graduates
Graduates with Hungarian degrees experience a wage advantage compared to the national average. Just 42 days after graduating, they earn 1.3 times the national average wage, which increases to 1.7 times after seven years. Engineering and IT professionals see even greater wage premiums, with engineering graduates earning double the national average wage 7.5 years after graduation and IT professionals earning 2.5 times the average wage. Medical graduates also have excellent job prospects and receive twice the average salary.
Job placement and location
Hungarian graduates are quickly able to find employment, with eight out of ten starting work in a more senior position. Additionally, many graduates choose to stay in the region where they studied, with six out of ten remaining in the same area. This retention of talent benefits local economies and strengthens the professional networks in specific regions.
Recent changes in the higher education system
The higher education system in Hungary has undergone significant changes to enhance competitiveness and align undergraduate courses with market needs. The admissions process has been revamped, giving universities more freedom to weigh school exam results and set their own entrance exams. This approach aims to improve the quality and relevance of education and better prepare graduates for the job market. A graduate career tracking system has also been implemented to provide valuable insights into the value and demand for specific Hungarian degrees.
Hungarian degrees offer numerous advantages to graduates, including higher earning potential and job placement in more senior positions. The recent changes in the higher education system demonstrate Hungary's commitment to enhancing competitiveness and aligning education with market needs. These initiatives contribute to the success of Hungarian graduates in the job market and reinforce the reputation of Hungarian universities.
Questions & Answers
What is the wage advantage for Hungarian graduates? Hungarian graduates earn 1.3 times the national average wage just 42 days after graduating and 1.7 times after seven years.
Do graduates in Hungary find jobs quickly? Yes, graduates in Hungary typically find a job quickly, with eight out of ten starting working within a short period of time.
Do graduates in Hungary tend to work in the same region where they studied? Yes, six out of ten graduates in Hungary tend to stay in the same region where they studied and work there.
What is the salary premium for engineering graduates in Hungary? Engineering graduates in Hungary earn double the national average wage 7.5 years after graduation.
What is the salary premium for IT professionals in Hungary? IT professionals in Hungary have a salary premium of 2.5 times the national average wage.
Do medical graduates in Hungary find jobs easily? Yes, medical graduates in Hungary often find a job immediately and receive twice the average salary.
What changes have been made to the higher education admissions system in Hungary? The higher education admissions system in Hungary has been revamped, giving universities more freedom to decide the weighting of school exam results and allowing them to set their own entrance exams.
How competitive is Hungary's higher education system? Hungary's higher education system has witnessed a turnaround in terms of competitiveness, with admissions up by 33 percent this year.