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Updated on: Tuesday, January 03, 2012

Aditya Narain, 19, is not worried about the global slowdown as he completes his Bachelors degree in April. He is one of the two students at Shri Ram College of Commerce (SRCC), Delhi University (DU), to be offered a job at Citibank at an annual pay package of Rs 10 lakh. In the current economic scenario, campus placements seem to be bringing the much needed cheer.

Hired for the position of graduate analyst by Citibank, Narain, in his final year of BCom (Hons) at SRCC, who also heads the placement cell of the college, says that when compared to the previous year when the global economy was healthy, this year the downturn has not affected the number of companies coming to the campus for placements. Despite the slowdown, companies are pouring in with similar or higher pay packets as compared to the previous year. Though the recruiting companies are taking a note of the downturn, they have kept the offers intact till now, says Narain. In the placements at SRCC so far, 16.5% of the students have been placed. Last year, Deutsche Bank made the highest offer at Rs 39 lakh per annum.

Tarunika, pursuing her Bachelors in commerce at Lady Shri Ram (LSR) College is one of the three students who have been offered an annual package of Rs 12 lakh in the first round of placements by Mckinsey Knowledge Centre. Other leading companies recruiting students from campus include American Express, ICRA, Ernst Young, Milestone, Deloitte, etc, which are offering packages above Rs 3 lakh per annum. The average pay packages offered range between Rs 7 and 7.5 lakh per annum.

Arvind Kumar, department of commerce and head, placement cell, LSR says, Till now the number of companies coming to the college and those approaching for the upcoming sessions has been encouraging. Leading recruiters include Google, Mckinsey, Deutsche Bank, KPMG, Bain, Facebook and others, some which have already made offers to students, while others are in the process.

According to Kumar, 15% of the graduating students have already been placed. The recruitment process will be in full swing from January-March.

DIFFERENT ROUTE

Institutes such as IIT Kharagpur have decided to take a different route. The Rajendra Mishra School of Engineering Entrepreneurship at IIT Kharagpur has the agenda of creating more jobs for young people in which they will promote 30 students to start their own business venture as entrepreneurs.

These students from across departments will give in an additional year post their BTech, where they will be trained and supported to establish their own company. At the end of the year, each will have a registered company and enough seed money provided by the institute to establish their individual startups, says Yatinder Suri, faculty, IIT Kharagpur.

Courtesy: Myeducationtimes.com

Times of India

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