Placements see an upward trend this year

Manish Malik

The closing round of placements at Shoolini University was yet to take place, but the figures for placements and internships for final year students in various departments already looked better than last year. This was stated by, said Director General in charge of placements, Mr Arvind Nanda.

He pointed out that despite strong recessionary trends in some industry segments, like the automobile sector, prospects appeared good in other sectors, like IT, Banking, FMCG and Insurance, which were cautiously expanding their offerings and businesses.

Accordingly, we changed our approach to reach out to those sectors and companies, which are growing and expanding their business plans, Mr Nanda said.

He said the placement season began at the end of last year with the participation of over 30 companies. They hired over 130 students, including 74 out of the total strength of 165 eligible MBA students. In addition, 104 out of 187 MBA 1st year students have been made offers for paid internships with leading companies.

As far as other departments were considered, he confirmed that 35 future engineers had found successful placements, besides eight from Bioengineering and 16 from Pharma and Sciences.

Roles and pay packages offered to students were according to the programmes, but at present, MBA students secured better packages. The average Cost to Company (CTC) offered to MBA students was around Rs 6 lakh with the highest being Rs 12 lakh per annum, he underlined.
The next round of placements was scheduled to start from February 24, which would continue till March 6.

Over 90 per cent of our eligible and interested students obtained placements last year. This year, he said, the aim was for a higher success rate. The highest package offered to a student this year was a CTC of Rs 12 lakh plus benefits by a European MNC, Hilti, which developed, manufactured and marketed construction material.

Among the companies that have already picked up students for placements this year were, Hilti, ICICI Group, Hughes Systique, Goldman Sachs, Citrix, Dabur, Cremica, Abbott, Cipla, Genpact, Unilever and Nestle, to name a few.
The companies expected in the forthcoming campus placements drive included, Sundaram Finance, Life Cell, Bharti AXA, McKinsey, HDFC Bank, ICICI Lombard, IFFCO Tokio, Hero Moto Corp, Alkem Labs, Jubilant Group, Havells, Bajaj FinServe and Tata Hitachi.