Bangalore :
For the first time in its campus placement process, a Nagpur-based company has selected 22 students of University Visvesvaraya College of Engineering (UVCE) with a pay package each of a whopping Rs 18 lakh per year!
A first-time recruiter at UVCE, Phoenix Maritime Sea Services, a ship management company providing services to shipping firms and merchant navy academies, has picked 11 mechanical, three electronics and communication and eight electrical and electronics students for jobs based out of Karnataka.
“A single company making so many offers with such impressive packages has not happened before,” said UVCE Principal K R Venugopal. However, there is a catch, he says. “The company requires students to pay `3-4 lakh towards training as a means to ensure students don’t take it up and leave.”
Vinay P, a mechanical engineering student, who has received the offer, said Phoenix works like a consultancy company to provide further training. “After we are trained, we can join merchant navy companies where our CTC may even increase,” he said.
Thumping Into UVCE
E-commerce giant Amazon selected two computer science students offering `11 lakh per year, investment banker Goldman Sachs selected one mechanical student for `10 lakh, Adobe offered two computer science students `8.3 lakh and Oracle offered seven students `7.5 lakh per year. But it is not the big payers that got students excited this time.
According to Varun K, a third year electrical and electronics student and placement coordinator, the maker of the legendary Bullet motorcycle, Royal Enfield, came to UVCE for the first time offering three mechanical students Rs 3.60 lakh per year.
“More than Phoenix, we were excited with RE coming here, which is the first time they are recruiting outside Chennai,” he said.
In the fag-end of its 2013-14 placement process, the 97-year-old UVCE had 87 companies visiting its campus making 539 offers to 301 students.
With results from six companies awaited, another 20 students could be placed. In 2012-13, there were 699 offers to 362 UVCE students.
Other Maiden Recruiters
First-time recruiters Godrej & Boyce made offers of `3.60 lakh each to seven students and Dell Research and Development also offered `5.50 lakh each to seven computer and information science students.
Other maiden big payers this year were Google, which came with an offer of Rs 13 lakh per annum and Tokyo-based Work Applications, which came with `30 lakh per annum.
However, they did not select any student.
“We have done better than R V College of Engineering, PES Institute of Technology and even M S Ramaiah Institute of Technology. But BMS College of Engineering is competing neck-and-neck with us,” Varun added.
source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Bangalore / by Bharath Joshi / June 07th, 2014