At University Business School (UBS) of Panjab University, the alumni has come to the rescue of students passing out this year and joined hands to help them sail through the economic slowdown phase. The faculty at the department attributes all the placements held for the graduating batch of students to its alumni members. Training and placement incharge at UBS Professor S K Chadha said, 'We are really thankful to our alumni as they have helped us sail through the slowdown. Almost all our placements have been possible because of the alumni's assistance.' After a gap of several years, the department had arranged for an alumni meet this year and the response turned out to be overwhelming. It was here that the alumni members stepped forward to help the students after they put forward their concerns regarding the ongoing meltdown and companies not turning up for recruitment.
The highest pay package offered to students this year is from Bharti Airtel of INR 12 lakh per annum. Meanwhile, the faculty claims that the average pay package that the students have been receiving is INR 5.28 lakh per annum. In all, out of a batch of 120 students, only 60 have got placements. With an excellent record of placements and companies flooding the B-School, the department is one of the most sought after institutes by students seeking a degree in management. This year, however, the department has seen very few companies coming to recruit.