Graduating Engineers Would Stay in Hungary - If the Pay Was Better
An increasing number of students and young graduates consider leaving Hungary in the future. Being a company continuously seeking talented engineers, Telenor Hungary conducted a survey to assess the employment preferences of graduating engineers.
Based on survey results conducted among graduating students of the Budapest University of Technology, more than 50% of students planning to work abroad would stay home if offered a job by a multinational company based in Hungary. Besides an attractive salary, young graduates consider career prospects, professional growth, work-life balance and workplace reliability key decision making factors.
One in three graduating engineers would work abroad
Based on survey results, 38% of respondents would prefer working abroad to working in Hungary. 13% have already made arrangements to this end. Among the reasons mentioned, salary is by far on the top followed by higher quality of life and professional growth.
Most people would like to work in Germany, the UK, the USA, Switzerland and
Austria. Most of them, however, would return sooner or later: 21% plan to return
in 1 or 2 years, 39% in 3 to 5 years while 31% in the more distant future. One
in ten students wishing to work abroad would leave Hungary for good. Young
engineers said that if they do start their career abroad, they will surely find
it difficult to leave Hungary behind.
Salary is the most important factor
Young engineers would stay and work in Hungary if they were offered a high salary in the first place. Salary and benefits are the most important factors they consider when selecting a workplace. Nearly one third of respondents ranked it as the top priority, while nearly 75% selected it as one of the five key factors.
Other important factors include professional growth, work-life balance and workplace reliability and stability.
Graduating engineers expect the private sector, and particularly multinational companies to provide them with the desired high salary and career prospects.
More than three-quarters of all students (78%) said that multinational companies tend to offer an attractive salary and benefits, while 25% , 20% and 10% said the same about Hungarian large enterprises, SMBs and public sector organizations, respectively.
Graduating engineers expect professional growth opportunities and motivating challenges to about the same degree from multinational companies (57% and 55%, respectively) as from SMBs (56 % and 52%, respectively). They associate a good work-life balance mostly with SMBs; while they attribute growth and dynamism to multinational companies in the first place (67%).
Engineers would stay if offered a job by a multinational company
50% of graduating engineers planning to work abroad would change their mind and stay in Hungary if they were offered a job in their professional field by a multinational company. They said that they expect to miss their friends and family (75%), and struggle with cultural and language difficulties (40%) if they leave Hungary.