Sangla to Singapore via UBS

Tribune News Service

Chandigarh, April 9

Renuka Negi and Aditya Pandey of University Business School (UBS), Panjab University (PU), who have bagged the highest-ever package of Rs 46 lakh in the history of the PU from Tolaram Group, have not thought about what they would do with the money. “I haven’t thought about it yet,” said Renuka.

In 2016-17, the highest package was Rs 15 lakh per annum, offered to three students by Religare Finvest. However, in 2015-16, the highest package offered was Rs 21 lakh.

Negi (25), a native of Sangla valley in Kinnaur district of Himachal Pradesh, passed Class X from Kendriya Vidyalaya (KV), Reckong Peo. She passed Class XII from Jalandhar and then took admission to the University Institute of Pharmaceutical Sciences (UIPS) at the PU.

“I used to visit the corporate sector during my internship and there I got interested in MBA. Then I took admission to the UBS,” she said.

She is from MBA in Marketing and Operations. Her father is a banker and mother a housewife.

Asked about her future plans, Negi, who is a tribal, said she hadn’t yet decided regarding opening her own venture.

Aditya Pandey (21) is from Chandigarh. He is a national-level table tennis player and has over 50 medals in his kitty, which he won at the state level. He did his BCom from DAV College, Sector 10, Chandigarh, and then took admission to MBA in Marketing and Finance at the UBS. He is part of a team which organises TEDx and also coordinated walkathon and cyclothon events on the PU campus on March 25.

Asked what he would do with the money, he replied, “I haven’t planned it. I will make some investments for my family and give back to the UBS also.”

On the future plans, he said, “I am overwhelmed as of now. I want to go with the flow.”

Pandey did his Class X from Manav Mangal School and Class  XII from New Public School at Chandigarh.

According to the UBS Chairman, Prof Deepak Kapur, both Negi and Pandey would join Tolaram Group at Singapore and from there they would get further postings. According to its website, the group is into consumer goods, infrastructure, energy, digital services and other interests, which include distribution, financial services, paper products, real estate and textiles.

UBS improves its performance

The average salary of the 2016-18 batch is Rs 9 lakh per annum, while for the 2015-17 batch, it was Rs 7.58 lakh per annum.

“The job profile offered to outgoing UBS students has also improved. I am confident that this trend will continue in the 2019 final placements and there would be a significant increase in the salary packages for our students,” said Professor Kapur.

There were 124 students in the outgoing batch — 60 per cent from the engineering background, 24 per cent from commerce, 7 per cent from science, 5 per cent from arts and 4 per cent from management.

A total of 114 students were eligible for placements, but seven opted out. About 45 companies visited this time. With 98.13 per cent placements, a total of 105 students were placed. The median salary this year has been Rs 8.1 lakh per annum.

About 38 per cent students have got placed in banking, financial services and insurance (BFSI), 13 per cent in consultation firms, 12 per cent each in FMCG and IT, 9 per cent in manufacturing, 5 per cent each in hospitality and education, 4 per cent in e-commerce, 1 per cent each in telecom and pharmaceuticals.  

“Last year, we didn’t see the participation of IT companies. But now, Infosys and Wipro have come back. Not only have they recruited our students at the same level which they used to do earlier but some have been recruited at a higher level also,” said Professor Kapur.

Summer placements

For summer placements, IBM has come to the UBS for the first time. All eligible 111 students were placed. The highest stipend offered this year is Rs 1.2 lakh for two months. Anjali Nayyar (23) has been offered the highest summer placement this year at IBM. She did her BCom from Jalandhar and is pursuing MBA in HR at the UBS. The average stipend is Rs 28,000 and the median stipend is Rs 24,000 for two months.