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DU undergrads offered $69,000 package
By siliconindia
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Wednesday, 25 November 2009, 15:09 IST
32 lakh ($69,000) per annum each. The offers have been made by Germany based Deutsche Bank.
Both Adit Mathur and Sukrit are final year students of SRCC and St. Stephen's college respectively. The size of the offer made to a student from DU is what has made the cheerful difference to the ritual of foreign banks picking up students from Indian institutions; as such handsome offers are the perquisite of Indian Institutes of Technology and Indian Institutes of Management. The highest that a DU student has got in the past is 14 lakh from Lehman Brothers in 2007.
Following the placement, in an interview to Economic Times, Mathur said, "It was completely unexpected. I couldn't prepare much in advance, but brushing up the basics helped a lot." Both these students will be flying off to London next July for the Graduate Analyst Training Programme, where they will interact with several other students from across the globe.
This year, the placement scenario in Indian universities is much better than what it was last year. Last year, around 25 companies came with jobs but this year the college is expecting more than 35 companies. In the current session, DU has also introduced online registration system for those who desire to be placed. More than 8,000 students have registered with Central Placement Cell (CPC) so far.
Apart from this, SRCC has placed 40 undergrads and 14 post graduate students from its Global Business Operations course. At SRCC, where last year the minimum salary an undergraduate student was expecting was 2.2 lakh per year and a post-graduate student could look at 4 lakh, this year, the figure has doubled. About 20 students from the college have already been hired by several companies. Similarly, 20 final year students of St. Stephen's College have received job offers from reputed multinational financial companies like McKenzie and Bain Capital. Four students have got offers of 11.5 lakh per annum each at McKenzie, while four were absorbed by Bain Capital at a salary of 7.5 lakh per annum each.
Dr. PC Jain, Principal, SRCC, said, "We are not entertaining companies that are not offering good salaries. In this regard, we have already rejected the offer of two very good companies. It is expected that every student of SSRC will get two job offers before January."
Meanwhile, students from other colleges of the DU are also hoping for good placement offers this year. While 11 undergraduate Commerce students of Hans Raj College were hired by VKS, an affiliate of the United Bank of Switzerland, with salaries of about 4.5 lakh per annum each, 81 students have been shortlisted for interviews by Google. Institutes like Kirori Mal College (KMC), Daulat Ram, Hindu and Ramjas too have good companies lined up with jobs for students.