Overseas students are an important part of China’s talent resources. In order to gain an in-depth understanding of the development status of this group of people，McKinsey Research Institute conducts a comparative analysis of study abroad students and domestic students studying in graduate school based on the survey data five years after the graduation of the undergraduates of the classes of 2014 to 2018. The study covers the return trend，employment field and employment quality of study abroad students，which comprehensively shows the employment development of the study abroad group. The analysis shows that the willingness of study abroad students to return to China has increased significantly in recent years，and they are mainly concentrated in municipalities directly under the central government and sub-provincial cities after returning to China. In terms of employment fields，study abroad students still mainly work in finance，education and information technology，mostly in private or state-owned enterprises，and the proportion of employment in three-funded enterprises shows a decreasing trend；in addition，the proportion of self-employed entrepreneurship has also decreased. The average salary level of study abroad students five years after graduation from the undergraduate class of 2014 to 2018 is significantly higher than that of domestic postgraduates，and the employment satisfaction level has increased in general，but they face certain challenges in engaging in professional counterparts’ work faces certain challenges.