For someone who aspires for a hole-in-one as an amateur golfer, Adit Mathur has made a Tiger Woodsian debut on the job circuit. The 20-year-old undergrad of Shri Ram College of Commerce (SRCC) is now the toast of Delhi University (DU) as he has teed in an offer from Deutsche Bank for an annual compensation package of Rs 32 lakh ($69,000). Mathur, a resident of Civil Lines in Delhi, will be trained in London next year for a plum posting abroad.
The size of the offer made to a student from DU is what has made the cheerful difference to the ritual of foreign banks picking up students from Indian institutions, as such handsome offers are the perquisite of IITs and IIMs. The highest that a DU student has got in the past is Rs 14 lakh from Lehman Brothers in 2007.
However, that single spectacular difference has disrupted the private life of Adit, who is desperately staying clear of the media glare. The pleasantly surprised son of Prof Anita Mathur, who also teaches in the same college, has been the first pick of first timer Deutsche from DU. An avid sports enthusiast Adit’s father is the COO of GMR Sports which owns Delhi Daredevils.
“It was completely unexpected. I couldn’t prepare much in advance, but brushing up the basics helped a lot,” Adit told ET. He is flying off to London next July for the Graduate Analyst Training Programme, where he will interact with several other students from across the globe.
Deutsche’s routemap to SRCC may have its beginnings in IIMs as the bank, according to Adit, has a feeling for students from the B-school who have moved from the college. He also said the size of the package is quite justified, considering it’s an international location and involves high costs.
So far, SRCC has placed 40 undergrads and 14 post graduate students from its Global Business Operations course . Some 44 companies have already visited SRCC, some of whom are returning after a year’s break. Mazars, a Paris-based audit firm with offices in 77 countries, is also in Delhi for the first time to recruit students and is expected to pick up a few of them.
SRCC is not the only college basking in the hiring glory. Neither is Adit the only student. A student from St Stephen’s College, Sukrit, too has got a similar offer from Deutsche Bank.
The campuses at Kirori Mal College (KMC), Sri Venkateswara College (Venky), Lady Shri Ram College for Women (LSR) too have been lit up by the happy visits of hiring personnel.
For instance, placement chairpersons at DU colleges say that companies like Google, Deloitte, McKinsey, Bain & Co, YES Bank, HCL, Wipro are regular recruiters. Others like Ernst & Young, KPMG, UBS, Jaypee Group and Infraline are some of the newcomers scouting for talent in DU.
More than a hundred offers by around 15 companies have already been made in Venky, which has also seen the return of Maruti Suzuki. LSR too has got about 200 offers so far, which means it has already found jobs of almost half of the 480 students who will graduate in 2010. The college has seen 40 companies visiting the campus so far, while last year, the figure was lower at 30.
“We have received an average offer of Rs 5.5 lakh, while the highest offer at Rs 9 lakh is from Nomura,” said LSR placement cell chairperson and advisor Arvind Kumar. The Japanese financial services company, too, is returning after a year’s break.
Similarly, Kirori Mal college, where the placement process has just begun, has already witnessed 16 offers with an average package of Rs 5.2 lakh. But the college is hoping for bigger offers in the coming months.
This year, DU has also introduced online registration system for those who desire to be placed. More than 8,000 students have registered with Central Placement Cell (CPC) so far.
This too has happened for the first time showing the way for students like Adit and Sukrit who can have their dream jobs and watch the British Open or a few matches of the English Premier League.