CHANDIGARH: With companies shying away from inducting fresh blood, the region’s premier business school has also felt the pinch of a sluggish recruiting season. Though there has been no drop in the number of companies visiting University Business School, less than 50% final-year students have been extended placement offers so far.
This is in sharp contrast to the track record of Panjab University’s popular department. Not too long ago - in 2007 and 2008 - each student had graduated from the department with a job in his hand.
Information collected from UBS placement office states out of a total of 131 final-year students of 2008-09 batch, 61 have been placed with an average package of Rs 5.96 lakh. However, with a few weeks still left for the process to end, the business school expects the number to cross 80.
‘‘The final word for 16 to 18 offers is still pending. The exact situation will emerge with declaration of results,’’ said coordinator of placements Natashaa Boparai. While 131 students had passed out from UBS in 2007-08, the previous batch - 2006-2007 - saw 125 students get placed from campus.
Over past three years, close to 30 companies have visited the campus each year. In fact, while the last two years saw banking and IT firms make up the major chunk of recruiters, this time saw entertainment and finance sectors too pick up some talent from the department.
Interestingly, in the three-year comparison, the highest package of Rs 13 lakh per annum came this year. Talking to TOI, placement coordinator SK Chadha said, ‘‘Economic slowdown is responsible for the present scenario.’’ He added with elections on, chances of more recruiters visiting campus were bleak. ‘‘Most of the placements this year been effected through alumni, who’re like the department’s brand ambassadors.’’
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