St Stephen's & SRCC students create history: Rs 32 Lakh offers cheer campus

NEW DELHI: If placements across campuses in the city are any indication, the recession is well and truly over. The hunt for bright, young recruits is still underway, but various benchmarks have already been broken.

One student each from Shri Ram College of Commerce and from St Stephen's got the highest ever offers in Delhi University"s history with Rs 32 lakh domestic packages, while an Indian Institute of Foreign Trade (IIFT) student bagged an all-time high international offer of USD 1,50,000. IIFT has seen a 50% rise in average salaries and 10 percent of all placements have been abroad. Good news has also been coming in from campuses such as Management Development Institute (MDI), Gurgaon, Delhi Technological University (DTU) and Jamia Millia Islamia.

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"It has been a new benchmark in many ways for IIFT. We have got our highest ever international offer - a salary of USD 150,000 - from Olam International. Moreover, a record 17 overseas offers were made. The average salary, at Rs 11.54 lakh, saw an increase of 53% over last year," said IIFT's corporate and placement advisor, Munish Bhargava.

Director of IIFT K T Chacko added, "With the economy on the path of recovery, students across campuses are set to reap the benefits."

At SRCC, economics student Adit Mathur bagged the Rs 32 lakh package from Deutsche Bank. Moreover, the placement season usually ends in December but it is still continuing this year, with 27 companies - about 10 more than last year - having visited the college since last August.

Aparna Keswani, a member of the college placement cell, said: "With the economy recovering, a lot more companies were willing to recruit this time. We even got calls from companies saying they wanted to come in March but we had to say no." She added, "About 150 of a total of 450 students have been recruited , the average pay package stands at Rs 4.75 lakh. A lot of the other students have opted either for higher studies or for article ship." Meanwhile, the PSUs haven't completely lost the advantage the recession gave them. While 58 DTU students got offers from PSUs such as NTPC, IOCL and BHEL, 10 percent of total recruitment at MDI was done by PSUs, which included SBI and Rural Electrification Corporation.

Even Jamia, which has an average placement record, can now boast of an average annual salary package of Rs 6 lakh for its BTech graduates. " This year, companies such as HDFC, Dell, Genpact, Wipro, L&T , and HCL, among others, have already recruited from our campus and we are looking forward to more such offers ," said Jamia?s placement in-charge Rihan Khan Suri.