[jquery] Jquery to get SelectedText from dropdown

first Set id attribute of dropdownlist like i do here than use that id to get value in jquery or javascrip.

dropdownlist:

 @Html.DropDownList("CompanyId", ViewBag.CompanyList as SelectList, "Select Company", new { @id="ddlCompany" })

jquery:

var id = jQuery("#ddlCompany option:selected").val();