Average salary up by 50.5 pc at CBS, Delhi

With BBS as well as BFIA packages soaring to 7.24 LPA and the launch of an on-campus Summer Internship Programme, CBS seems to have made the right call in replacing the conventional Placement Cell by the student led Career Development Centre, more popularly known in industry and student circles as CDC.

CBS takes pride in announcing the conclusion of the first session of its new initiative, the Career Development Centre. Placements the year 2006-07 saw 100 pc placements at CBS.
Placements, one of the key factors that distinguish the college from the regular university courses and the other business schools providing undergraduate management courses.
41 industry leaders visited the campus including companies like AT Kearney, AVIVA India, CB Richard Ellis, Deloitte, HCL Technologies, Hewitt Associates, HSBC, Mc Kinsey KC, and UBS. The average package escalated to 4.44 LPA, a 50.5 pc leap from the last year’s 2.95 LPA. The highest pay package mounted to 7.24 LPA from 6 LPA in 2005-06, a robust 20.6 pc growth. A multinational Investment Banker, recruiting 19 students for its arm in Hyderabad, made the highest number of offers.

Many recruiters who made upward revisions in their packages duly acknowledged the effort of CBS. “CBS has managed to consistently churn quality managers at the undergraduate level,” says Surender Mehta, GM, Human Resources, Hutchison Essar and CBS Alumnus.

The programme received a good response and support from the industry as well as the students. Sumeet Kanwar, Head, Investment Banking, UBS India, says, “UBS values the professionalism shown by the CDC student body during the recruiting process and applauds the entire program….” The students have appreciated the simplicity and transparency of CDC’s affairs and the ease with which they can approach the new Placement Cell.

The bullishness thus instilled in the attitudes of the faculty, students and CDC members led to a unanimous decision to launch an on-campus Summer Internship Programme. The decision was strongly supported by the faculty, as internships have always been an integral part of the curriculum, though the agenda of the erstwhile Placement Cell was not aligned with it. CBS’ first Internship Season was launched on March 30, 2007 against a scheduling constraint posed by the Semester (Delhi University) exams beginning mid-April. The profiles offered ranged from business strategy projects to PR projects and recruitment consulting. The Season also witnessed top recruiters like AVIVA India, Creative Crest, DCM Sriram, Jaypee Capital Services, SBI Life Insurance, Synovate India and Xansa, among others, in the short season that spanned 5 weeks continuing through the semester exams. The highest number of offers was made by one of India’s leading PR agencies, which made 16 offers for its Delhi offices.

“Wouldn’t you want a 3-year advantage over the others? How many undergrad colleges make it a point to go beyond classes and teach you the softer skills that distinguish a ‘doing well’ career from a ‘successful’ one?” says Guneet Singh, Product Marketing Manager, Windows, Microsoft and SP Jain Institute, Mumbai. The amalgamation of this rigorous semester based program with a University of Delhi degree calls for very professional execution and is ensured by faculty drawn from the IIMs and FMS, Delhi.

Mr. Dhirendra Kumar, CEO, Value Research India and CBS alumnus, says, “The ability of CBS to attract the best students. It was also very clear that CBS is an aspired destination for students.” Mr Naresh Priyadarshi, Business Group Director & Business Consulting Head, Synovate India, says, “…we have focused on traits that would make the candidate a good, successful manager in future. Such traits included overall intelligence and presence of mind, team skills and strong fundamentals in academics.” Other panelists also appreciated the dual benefits of this concept, to ensure active involvement of the college alumni and to draw the benefits of their experience and industry exposure.

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