This question is a big myth in deciding whether a college is good or not. Being in elite colleges doesn’t guarantee you a higher placement offer until & unless you are qualified enough with the knowledge for the company & position you are applying for.
The knowledge gained in entire 4 years of a specialized course in CS is a great opportunity to learn the latest technologies & create your own path out of it. Having said that the top placement (on campus) for CSE was offered by Dell more than 6+LPA. Apart from that on campus placement average was around 3.5 LPA. Though students who have good knowledge applied via online sites for off-campus & got selected in various companies and are offered more than 6LPA.