New high: 2 UBS students bag Rs 46 lakh package

Bhartesh Singh Thakur

Tribune News Service

Chandigarh, February 7

Beating slowdown, University Business School (UBS), Panjab University, Chandigarh, has set a new record with two students getting a package of Rs 46 lakh per annum.

Tolaram Group has recruited the students pursuing MBA at the UBS. The placements are still on at the department.

“This year, we will achieve 100 per cent placements like previous years. The average salaries have jumped too. We have set a record. No one in the history of the PU has got such a high package,” said the Chairman of the UBS, Prof Deepak Kapoor.

“It is great news. It should spur the UBS fraternity to aim higher,” said the PU Vice-Chancellor, Prof Arun Kumar Grover. The department will release the details on the median salary and the average salary offered in this placement season in the coming days as the process is still on.

The UBS has always been ahead in placements and pay packages as compared to the rest of the departments offering professional courses at the PU. In 2016-17, the highest package of Rs 15 lakh per annum was offered to three students by Religare Finvest. The average package offered was Rs 7.59 lakh per annum. The placement percentage was 97.

However, in the session 2015-16, the highest package offered was Rs 21 lakh and 117 of the 121 (96.7 per cent) had got placed.

In 2014-15, the highest package was Rs 13 lakh. The UBS was established in 1962. The placements at the UBS are managed by students and a placement committee.

This year, the UBS has even left Punjab Engineering College (PEC) behind. The highest package offered at PEC was Rs 34 lakh per annum by Arcesium to students of computer science and engineering while during the past two years, it was Rs 27 lakh per annum.

UIET

At the University Institute of Engineering and Technology (UIET) on the PU campus, Adobe Solutions has offered the highest package of Rs 20.35 lakh per annum. In the last batch, the top package was Rs 8.4 lakh per annum. The placement percentage has reached over 62 with an average package of Rs 6 lakh per annum though the process is still on. For the batch that passed out in 2017, the UIET had 75.29 per cent placements with Rs 4.93 lakh per annum as the average package.

For the batch that passed out in 2016, the placement was 78.86 per cent.

Chemical engineering

In BE (Chemical) at the University Institute of Chemical Engineering and Technology (UICET), PU, the highest package offered is of Rs 7 lakh while the median salary is Rs 5.5 lakh. At the end of December, 57 per cent students had got placed. The placements are still under way.

In the previous batch, there were 75 per cent placements with the highest package of Rs 8 lakh per annum and the median salary of Rs 5.84 lakh.

Last year as well as this year, the highest package was offered by UOP Honeywell.

The highest package this season in BE with MBA is of Rs 6 lakh with the median salary of Rs 4.75 lakh. The placement percentage is 25. Previously, the course has seen 87 per cent placement with Rs 6.5 lakh as the highest package and Rs 5.47 as the median salary.

UIPS

At the University Institute of Pharmaceutical Sciences (UIPS) at the PU, the highest package this placement season is Rs 5.8 lakh per annum, offered by Novartis, while last year, it was Rs 6 lakh. Like last year, the department has claimed 100 per cent placement this year as well. According to the chairperson, Prof Kanwaljeet Chopra, the average package this year is Rs 3.5 lakh per annum while last time, it was Rs 4.5 lakh per annum.