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Although the relationship between language ability and workers’ wages has already been documented, it is still unclear whether one’s mother tongue is more valuable than a foreign language. This paper analyzes the benefits of the local language versus English for Chinese college graduates. The results illustrate that the Chinese language has a higher rate of return on starting salaries than does English. However, at the level of higher wages, English has a greater rate of return than Chinese. Ability in Chinese mainly has an impact in the job search process, while English language proficiency exerts a consistent influence on wages. These findings indicate that both the local language and English should be given attention by individuals, schools, and the nation.