Both students of University Business School (UBS), Panjab University (PU), Chandigarh
The Hush Post: Kinnaur is a remote district in Himachal Pradesh, known for its beauty, snow-clad mountains, and inaccessibility. Nestled up high in the mountains, with a narrow road leading to it, is the beautiful Sangla Valley which will know also be known for a stupendous achievement by its young girl Renuka Negi studying at the University Business School (UBS), Panjab University (PU), Chandigarh, who has bagged the highest-ever package of Rs 46 lakh per annum in the university’s history from a firm in Singapore.
Another student, Aditya Pandey from Chandigarh, has also been picked up by the same company Tolaram Group from Singapore. The Tolaram group has its operations in six countries and does business in consumer goods, infrastructure, energy, digital services and other interests, which include distribution, financial services, paper products, real estate and textiles.
Negi (25) passed Class X from Kendriya Vidyalaya (KV), Reckong Peo. She did her Class XII from Jalandhar and then took admission to the University Institute of Pharmaceutical Sciences (UIPS) at the PU. She did her MBA in Marketing and Operations. Her father is a banker and mother a housewife. “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 told a regional daily.
A national-level table tennis player, Aditya Pandey (21) did his B Com 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 holds TEDx talks. He did his Class X from Manav Mangal School and Class XII from New Public School at Chandigarh. 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.”
“Last year, the IT companies did not come for placements. But this year, 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 Prof Deepak Kapur, Chairman, UBS. He also said that IBM has come to the UBS for the first time for summer placements.
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. 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.
124 students passed out this year from UBS, out of which 60 per cent were 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.
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.