KOCHI: MBA students of the Cochin University of Science and Technology (CUSAT) had a windfall this campus placement season with companies snapping up 70% of them even before the start of fourth semester.
Amazon offered the highest annual pay package – Rs 16.5 lakh – and the average annual salary was around Rs 5.7 lakh.
“We witnessed a revival this year especially since the financial sector is looking up and most of the hires were by banking companies,”said Sam Thomas, professor and placement coordinator for the School of Management Studies, CUSAT.
The final-year batch had a strength of 110 and 75 students got placed.
Amazon has picked up two students from the campus. The biggest haul was by HDFC Bank, which hired 24 students paying an average of Rs 6.5 lakh per annum.
- ICICI Bank extended job offers to 12 students while ICICI Prudential hired eight students.
“Most of the companies have revised their pay packets and the annual salary offered has gone up by around Rs 1 lakh. Last year, the pay packets were in the range of Rs 4.7 lakh,” said Thomas.
Other firms, which have hired Cusat students include Microsoft, Flipkart and DHL.
More hires would happen in January-February when companies like the TCS and the Federal Bank are expected to visit the campus.
Students of engineering stream also fared well, with 60% of all eligible students getting placed.
“As many as 350 students have been hired. Most of the jobs were in the software sector and the salary packages have also gone up slightly,” said James Varghese, placement coordinator for School of Engineering, Cusat.
According to him, most of the hires were by TCS, IBM and Infosys and most students got a package of Rs 3.5 lakh. In core engineering, hires were mostly by Reliance and ONGC.
“We expect more companies to be here in the next semester. Mostly this would happen in January and February,” said Varghese.
Normally, the final semester starts by December but this has been pushed by a month to January because of floods Kerala witnessed in August, he said.
Source : Times of India