Average pay package of UBS students goes up

Naina Mishra

Tribune News Service

Chandigarh, April 29

The placement cell of the University Business School (UBS) today stated that the students of the 2017-2019 batch were offered the average salary package of over Rs 11.3 lakh per annum, a jump of 26 per cent from the last year’s Rs 8.9 lakh per annum.

The average salary was recorded at Rs 11.32 lakh, whereas the median salary stood at Rs 9 lakh.

The outgoing batch also witnessed the highest placement in the history of business schools with Rs 53 lakh per annum offered to a UBS student, Akash Rai, in January this year. As many as 98 students were placed out of 99 eligible students and a total of 43 companies visited the business school for placements.

16% jump in average stipend

The average stipend offered to the 2018-20 batch for summer placements also increased to Rs 32,500 from Rs 28,000 last year (an increase of 16 per cent), while the highest stipend stood at Rs 1 lakh and median stipend at Rs 26,400.

30% increase in pre-placement offers

As per a report, the 2017-2019 batch received 30 per cent more pre-placement offers. The Return on Investments (ROI) was calculated as Rs 11.8 times higher. Ten per cent of top students were offered an average annual package of Rs 30.8 lakh, whereas top 25 per cent students were given a package to Rs 20.8 lakh. Half of toppers were offered a package of Rs 14.9 lakh per annum (LPA), while 75% of the toppers received Rs 12.7 LPA package. The placements also witnessed a 50 per cent increase in recruiters coming from the Fast Moving Consumer Goods (FMCG) and Fast Moving Consumer Durables (FMCD) sector.

23.2 % placed in FMCG and FMCD sector

About 23.2 per cent students were placed in the FMCG and FMCD sector, followed by 16.3 per cent of students placed each in research, consulting & advisory, banking, financial services and insurance (BFSI), manufacturing and 14 per cent of students placed each in technology & e-commerce and information technology (IT). Around 25 per cent of the job offers were in research, consulting and advisory in various sectors.

The roles offered to students included brand manager, business development manager, risk analyst, supply chain manager, etc.

For summer placements, 44 per cent students of the 2018-2020 batch were placed in the BFSI sector, while 15 per cent students were placed in technology and e-commerce sector, 13 per cent in manufacturing sector and 10 per cent in information and technology sector. summer placements, the MBA 2018-2020 batch has shown significant improvement over the last years. “This year, more than 15 new recruiters have shown faith in the ability of our students. I hope to see much more pre-placement offers during the final placement of the 2018-2020 batches,” said Deepak Kapur, fellow professor (IIMA) and Chairperson of the University Business School.