The Millennial generation, born 1977-93, is the largest in American history, and is already causing profound changes in the way organizations are managed. In the US, Millennials are known for being ambitious, empowered, efficient, and yes, maybe a little over-entitled.  People often ask me what the Millennial situation is like in other parts of the world, and I’ve been woefully uninformed.  That’s why I’m pleased to share these facts about Millennials (current 18-25 year-olds) in Asia, courtesy of the Interchange Group:

• A Business Week survey of students at China’s top MBA programs revealed an unprecedented drive for managerial excellence, Chinese style. Over 25% plan to start businesses in the next five years and the majority intends to pursue careers in China instead of the previously coveted US.

• The Society for Human Resource Management  reports that the median age of India’s workforce is 25. Fewer than 12% have college degrees. With employee attrition as high as 70% in some industries, entry-level workers are successfully commanding high salaries and responsibilities seemingly disproportionate to their skill sets.

• The Bank of Japan Review reports that excess employment by older Japanese workers has caused a high rate of unemployment and part-time employment among younger workers. Without full-time job opportunities right out of school, a growing percentage of Japan’s youth are being displaced from the traditional career systems found in most Japanese organizations and may never catch up.

If you have more data about Millennials outside the US, please feel free to share.  I would love to have it.