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  • Delhi University Graduates Gets better offer than last year


    STUDENTS of Delhi University’s top colleges have fought off the economic downturn in the only way it counts — by bringing in droves of recruiters to their campuses with fat pay packets on offer. Barely able to contain their excitement, the university’s Ivy League colleges hope to conclude their placement drives on a new high.


    Yet- to- graduate students are being promised pay cheques that most can hope to get at the top of their careers. A student of St. Stephen’s College has been offered a salary of ` 19 lakh per annum. This is the highest so far this year and significantly higher than last year’s best offer of ` 14.3 lakh per annum for students from the college.

    Shri Ram College of Commerce has been another magnet for recruiters and college officials are clearly gung- ho about the prospects. “ There was no real impact of the downturn in the placements this year. It seems the Indian economy is growing faster than the global economy. So there are more jobs in the Indian market,” said Dr P. C. Jain, principal, Shri Ram College of Commerce.

    Placement officials at St. Stephen’s College declined to reveal the name of the company that made the ` 19 lakh per annum offer but said that as many as 30 companies have already visited the campus to hire fresh graduates. “ Some of our highest- paying recruiters are McKinsey, AT Kearney, Monitor Deloitte and Takshashila Consulting, Goldman Sachs, Deutsche Bank, Swiss ReInsurance Group and Pernod- Ricard.” As the government struggles with growth rate issues and investors with a volatile stock market, the stock of university students is only rising.

    One way of establishing that is by looking at the average pay package. “ It was ` 6.6 lakh per annum last year and has risen to ` 7.5 lakh- to- ` 8 lakh per annum this year so far,” said Ariba Iqbal, president, placement cell at St. Stephen’s. “ The placement scenario has definitely improved as compared to the previous year with regard to both, the pay being offered and number of companies coming in,” she said. Most of the offers are being made to economics, commerce and mathematics students.

    At SRCC, one of the university’s most sought- after colleges, the annual salary offer has touched ` 15 lakh this year for domestic placement. Four students — two each from BA ( honours) economics and BCom ( honours) — have received the highest offer from Deutsche Bank. Last year, the highest offer was ` 30 lakh by Rio Tinto, one of the world’s leading mining and metals firms. But that was for an international posting.

    Japan’s Mitsubishi Heavy Industries Limited visited the college with a similar offer of 30 lakh per annum, but no student was finally taken on board. Sugandh Kumar, student coordinator of the SRCC placement cell explained: “ Students are not always willing to move out of the country right after graduation and so many of these foreign firms often leave without hiring anybody.”

    “ The placement scenario has definitely improved as compared to the previous year with regard to both, the pay being offered and number of companies coming in,” she said. Most of the offers are being made to economics, commerce and mathematics students.
    On the top At SRCC, one of the university’s most sought- after colleges, the annual salary offer has touched ` 15 lakh this year for domestic placement.

    Four students — two each from BA ( honours) economics and BCom ( honours) — have received the highest offer from Deutsche Bank. Last year, the highest offer was ` 30 lakh by Rio Tinto, one of the world’s leading mining and metals firms. But that was for an international posting.

    Japan’s Mitsubishi Heavy Industries Limited visited the college with a similar offer of ` 30 lakh per annum, but no student was finally taken on board. Sugandh Kumar, student coordinator of the SRCC placement cell explained: “ Students are not always willing to move out of the country right after graduation and so many of these foreign firms often leave without hiring anybody.”

    Expectedly, colleges are relieved their placement records have not been impacted by the gloom over the economy. Dr Arvind Kumar, placement in- charge at Lady Shri Ram College for Women said, “ This year over 30 companies have come to our college so far and recruited almost 30 per cent of our final year students. The average salary package is ` 6 lakh.” At Hans Raj College, the average pay package ranged from ` 3- ` 6 lakh.
    Over 100 students have been placed by the likes of Ernst and Young, Google, Deloitte and many more. DU’s Central Placement Cell has already hosted a Japanese company; a Malaysian firm is expected.

    Source: mailtoday