The Hush Post|12:50 pm| 2-min-read
Punjab Engineering College (PEC), Chandigarh, has posted a rise of 15 per cent in placements till December 20, according to a news report.
The highest package in the history of the institute has been offered this year at Rs 34 lakh per annum. Arcesium, a post-trade technology and professional services firm, has offered this package to students of Computer Science and Engineering (CSE). In the last two years, it had not gone beyond Rs 27 lakh per annum.
Most disciplines experienced an almost 10 per cent increase in their median salaries. Median is the middle salary when they are arranged in a numerical order. Salaries have not increased in the mechanical, metallurgy and production streams.
“The National Institute Ranking Framework (NIRF) of the Ministry of Human Resource Development (MHRD) considers median salaries,” said Dr Divya Bansal, head, Career Development and Guidance Centre, PEC.
The highest median salary increase was experienced by the Computer Science and Engineering (CSE) and the Electronics and Communication Engineering (ECE) by (20 -25%), Electrical Engineering (EE) (13%), Civil (7%) and Aerospace (8.5%).
Increase in placements in one year
- Computer Science and Engineering (CSE)-increase of over 40 per cent
- Electrical Engineering (EE) posted a 22 per cent increase
- ECE secured an 11 per cent increase
- Civil engineering experienced a 17 per cent increase
- materials and metallurgy and production 36 per cent
- industrial engineering experienced 8 per cent increase
- A large number of the ECE students prefer careers in coding profiles.
Companies that came for recruitment from PEC
Arcesium, JP Morgan, Microsoft Research Labs, Texas Instruments, General Electric, Western Digital, Goldman Sachs, BCG, ITC, Maruti Suzuki, Amazon, American Express, McKinsey, Tata Motors, Amadeus, Samsung R&D, Uber, Ramboll, WS Atkins, Nestle India, Infosys and Wipro.
University Institute of Engineering and Technology (UIET)
The University Institute of Engineering and Technology (UIET) on the PU campus claims to have placed over 62 per cent students; around 250 students of the 400 eligible ones. The placements are still on.
“The highest package this year has been given by Adobe Solutions at Rs 20.35 lakh per annum. The average package is around Rs 6 lakh per annum, said Prof Sarbjeet Singh, who is training and placement in-charge of UIET.
For the batch that passed out in 2017, the UIET had 75.29 per cent placements with the highest package at Rs 8.4 lakh per annum. Rs 4.93 lakh per annum is the average package. So, there is a rise this year.
For the batch passing out in 2016, the placement was 78.86 per cent.
Chandigarh College of Engineering and Technology
The Chandigarh College of Engineering and Technology (CCET), Sector 26, scored 41.8 per cent placements so far this year. Of the 208 students who are eligible, 87 have already been placed. Infosys has selected 59 students.
So far, the highest package in the current batch is Rs 7 lakh per annum and average package is Rs 5 lakh per annum. But placements are still going on.
For the batch passing out in 2017, the college had posted 57.6 per cent placements. The highest package for this batch was Rs 8.4 lakh per annum and Rs 4.4 lakh per annum was the average package. The 2016 batch witnessed 65.3 per cent placements.