January 19, 2012

DU Students Grab Job Offers with Hefty Pay Packages 2012

While the placement season is at its peak in most of the management institutes, 6 undergraduate students at Shri Ram College of Commerce (SRCC), University of Delhi have grabbed offers from Deutsche Bank with a salary package of Rs. 16.5 lakh per annum.
However, the SRCC students are not fully satisfied with the pay packages offered to them since the offers extended to their seniors was almost double in number. Moreover, no foreign postings were extended this year.
This is by far the highest offer made at SRCC this year. The pay package of 16.5 lakh includes a fixed salary of Rs 10.5 lakh, a joining bonus of Rs 3 lakh and a performance bonus of Rs 3 lakh per annum. The offer has been made to 3 students each in global markets and corporate finance.
In the last 2 years, the bank had extended job offers to 2 students from SRCC, with an annual salary package of Rs 39 lakh in 2011 and Rs 32 lakh in 2010. The jobs included training in London with a posting in India.
The bank has refused to comment on its placement plans from undergraduate colleges. The high score of SRCC over other colleges due to its high cut-off score and its legacy of delivering quality education were the probable reasons for the bank to visit SRCC.
The second highest placement offer was made by Citibank, which hired 2 students at Rs 10.5 lakh per annum. Citibank had picked only 1 student from SRCC last year.
The college has been successful in placing 160 of its students so far. The other recruiters visiting the campus included McKinsey & Co, Deloitte India, Bain & Co and KPMG. The annual package offered by the consulting companies range between Rs 2.2 lakh and Rs 8 lakh. KPMG alone picked 24 students from the college. The placement process is expected to continue till April this year.
The students of Hansraj College, Delhi University have also come up with flying colours as atleast 75 students have received job offers from companies such as Ernst & Young, Google India, Deloitte India, Verity Knowledge Solutions and Milestone Interactive. The sources from placement cell have revealed that another 25-30 offers are in the process to get finalized.
The annual pay packages offered by far range between Rs 2.4 lakh and Rs 5.6 lakh. Jesus & Mary College has also been successful in placing 30-40 students by far, with an annual salary package of Rs 4.5 lakh.
However, the placement process for undergraduates in Mumbai appears to be lacking far behind in terms of fat pay packages. While St Xaviers did not disclose any details regarding its placement process, Sydenham College of Commerce & Economics has placed 40 of its students so far. The recruiters visiting Sydenham include Ernst & Young, Google India and Protiviti. JP Morgan and Morgan Stanley are also expected to visit the campus in the coming days.
DU Students Grab Job Offers with Hefty Pay Packages 2012
4/ 5

Thank you for comment