Based on a 2009 national survey on college graduate employment in China, this article analyzes the relationship of college graduates' place of work to their birthplace and where they attend college, using a conditional logit model. The findings indicate that graduates tend to stay to work in their birthplaces or places of study, controlling for economic, higher education, and personal characteristics. Graduates from Project 211 key universities and those with graduate degrees are more likely than non-211 graduates or bachelor or associate graduates to leave their birthplaces but stay to work in their places of study. To balance the distribution of college graduates and improve the efficiency of human resources, existing labor market segmentation should be broken down and more emphasis placed on the distribution of higher education. [Translated by Michelle LeSourd.]