College placements give IITs, IIMs run for their money

A final year student of economics at Delhi’s Lady Shri Ram College for Women (LSR) has bagged a salary offer of close to Rs 38 lakh a year in a robust placement season that has seen recruiters loosen their purse strings to scoop up some undergraduates at higher than average packages offered at some of the elite engineering or business schools.

The highest offer to the LSR student for an overseas role in the first round of placements this year, which tops last year’s best offer of Rs 34 lakh at the college, was made by Bank of America Merrill Lynch, people aware of the matter told ET on condition of anonymity. A spokesperson from the bank refused to comment. At St Stephen’s College this year, the highest offer so far has been of Rs 20 lakh from Boston Consulting Group, which has offered a similar package to an SRCC student, both for domestic roles. Such offers are higher than the average salary offers of Rs 10-15 lakh per annum for fresh graduates at the premier IITs. Postgraduate MBA students at the likes of IIM Indore and IIM Kozhikode get average salary offers of Rs 16-17 lakh.

A student at Delhi’s St Stephen’s College had last year got an even higher top salary offer of Rs 40 lakh from management consultancy Arthur D Little Middle East, but this year average salaries have soared up to 50% in leading colleges, making this a

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