Delhi University students bag job offers that pay as much as ₹31 lakh per annum

• This placement season, undergraduate colleges like Lady Shri Ram College for Women (LSR), Shri Ram College of Commerce (SRCC) and St Stephen's college witnessed a jump in the job offers and average salaries.
  
• The average salary package at LSR and SRCC went up from ₹7.5 lakh to ₹10 lakh per annum. The highest offered bagged by these freshers stood at over ₹30 lakh.
  
• Among the top recruiters were Gartner, EY, PwC, Deloitte, KPMG, Samsung and Accenture. This includes the first time recruiters as well.
  

Slowdown doesn’t seem to be affecting the placements at the premier institutions in India. Not just Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs), undergraduate colleges like Lady Shri Ram College for Women (LSR), Shri Ram College of Commerce (SRCC) and St Stephen's college affiliated to the University of Delhi also witnessed a jump in the job offers and average salaries.

For the 2019-20 placement season, the average salary package at LSR and SRCC went up from ₹7.5 lakh to ₹10 lakh per annum. The highest offered bagged by these freshers stood at over ₹30 Lakh. As many as 130 students received job offers at SRCC.

“We haven't seen an overall impact of the slowdown in placements. The number of companies coming has more or less remained the same since last year, however the number of students that were made an offer to have increased,” Kanika K Ahuja, placement in-charge at LSR told ET.

The students who get admission to these Delhi University-affiliated colleges have to score over 95% in the 12th grade — due to high cut-offs. Among the top recruiters were Gartner, EY, PwC, Deloitte, KPMG, Samsung and Accenture. This includes first-time recruiters as well.

According to the Central Placement Cell (CPC) of DU, Stephen’s college bagged the highest offer at ₹19 lpa from the Boston Consulting Group. On the other hand, Shaheed Sukhdev College of Business Studies (SCBS), which is ranked as the second best undergraduate b-school in India, bagged 106 offers at an average compensation of over ₹7 lakh. The highest offer stood at ₹18 lakh per annum.

The average compensation at other DU colleges fluctuated between ₹6 lakh to ₹10 lakh per annum. While the overall average salaries in India went up by 45% for undergraduate students. This is despite the economic downturn in the country.

The growing trend of summer placements

The growing trend of summer placements and pre-placement offers too might have had an effect on the increased interest of recruiters. Companies like Deutsche Bank, Citi Bank are also banking on summer placements to assess talent, thereby extending pre-placement offers.

At SCBS, Goldman Sachs visited the campus to hire interns for their investment banking division. Students also received PPOs from companies like KPMG, RocSearch and Grofers.

See also:
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These are the starting salaries offered to B-school students in India

IIFT receives highest job offer at ₹75 lakh — that’s higher than XLRI, FMS and a few IIMs