economics student from the Class of 2024 at Delhi University's Lady Shri Ram College for Women (LSR) has landed a job with an annual salary of ₹48.9 lakh offered by a global bank for a domestic role. That's a record for the college, and possibly the university, coming as it does amid a market slump and macroeconomic headwinds. At LSR, it's up from last year's high of ₹44 lakh.
«The banking firm does not wish to be named,» said Kanika K Ahuja, professor, department of psychology, and convenor of the placement cell at Lady Shri Ram College for Women.
Top recruiters at the campus this year include Boston Consulting Group, LEK Consulting, Bank of America, Kepler Cannon, Hindustan Unilever, Blackstone and BlackRock. First-time recruiters include Blackstone, Wells Fargo and Praxis Global Alliance.
The average salary at the college has increased to ₹15 lakh from ₹11.3 lakh a year ago, more than the average salaries at some of the newer Indian Institutes of Technology (IITs).
Salary packages at other leading undergrad colleges such as Shri Ram College of Commerce (SRCC) in New Delhi, Loyola College in Chennai and Christ University in Bengaluru were mostly at the same level as last year, according to college officials.
However, the overall placement numbers so far are lower, reflecting the slowdown in the job market as many recruiters have lowered their intake, according to college officials.
Some companies initially scheduled