Despite COVID-19 pandemic, St Xavier's college, Mumbai student bags Rs 30 lakh annual package

The colleges affiliated with the University of Mumbai (MU) have attracted a mixed bag of jobs in the on-going placement season.

A final-year Bachelor of Management Studies (BMS) student from St. Xavier's college has received a job offer of INR 30 lakh per annum during a placement season held virtually. This is for the first time that the placement session in the Mumbai colleges was conducted online owing to the coronavirus pandemic condition in the country. The city colleges affiliated with the University of Mumbai (MU) have attracted a mixed bag of jobs in the on-going placement season. While in some colleges the annual packages have not matched last year’s numbers, several colleges did much better than the previous year.

“Several big companies have not changed their recruitment programme, though smaller companies were affected by the lockdown and the strain of the economic slowdown. However, companies from sectors such as the fast-moving consumer goods (FMCG) and consultancy have managed to offer maximum number of jobs this year,” said Soni George, head of the management studies department and placement convenor of St Xavier’s Autonomous College.

At RA Podar College in Matunga, a final-year undergraduate student was offered an annual package of INR 11 lakh in the first phase of placements. While speaking about the placement, the officials said that though students were content with the salary package offered this year, most were expecting a better variety of job profiles. Some regular recruiters also were a no-show this year.

“There has been an increase in the number of finance profiles and a dip in the marketing profiles offered, unlike previous years, for no specific reason. Many of our regular companies either denied hiring for the entire year or displayed uncertainty and delay when it came to recruitment plans,” the officials said.

Last year, the highest package received by a student of the institute stood at Rs 13 lakh per annum.

At Jai Hind College where the placement process is still underway, the highest salary package received is very similar to the last year. However, the institute reported a growing trend of more Edu-Tech and Fin-Tech companies offering jobs to their students. 

“More than one hundred registered final-year students of our institute have already been placed in the first phase of placements this year. Along with the regular finance, marketing and HR companies offering jobs, there has been a rising trend of job offers coming from education as well as social sciences sectors,” said Nainesh Koli, placements coordinator for NM College and Mithibai College told a media house. He further added that this year the highest salary offered was INR 11 lakh per annum. It must be noted that the institute reported the same figure last year too.

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