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The 6 IIMs Alumni Report - Banking & Finance – Part 3

Comments
 

IIMC student

B lags behind A and C as it is newer. Rest of the observations are along expected lines. Can you do a similar analysis on the number of CEOs or VPs from IIMs?

27 Apr 2012, 06.32 PM

+Read Replies (5)

Antariksh

This sample is from 1990 passout so no effect of B being older

27 Apr 2012, 09.26 PM |

IIMC student

B seems to lag behind C and A in finance then (historically) .... From the placement reports, placements at ABC sound very similar

28 Apr 2012, 01.02 PM |

Amitabh Chaudhuri

Bangalore gives least performance to CAT percentile, whereas A & C gives due importance to CAT exam's percentile. Particularly IIM-Calcutta gives adequate weightage to CAT percentile and you will find that many 99 percentile and above are mostly at IIM-C. But Bangalore gives importance to their own selection process, therefore, there are many students who qualify with low (97) percentile.

8 Jun 2012, 05.57 PM |

Amitabh Chaudhuri

IIM-A gives some points for CAT percentile, some for Board Exam and Graduation (or) B.Tech exam marks, some marks for job experience etc. etc. After this exercise is done and the students who are found have scored total 21 points and above are only called for group discussion and interview. It does not matter, whether that student scored 99.9 percentile in CAT. IIM-B does not give much importance to CAT marks. It seems they don't believe in what the general public knows, i.e., . . . . . .CAT . . . . the key to IIMs ! Since few years, while doing campus recruit, I have found that large number of IIM-C students are qualitatively much better, particularly in finance. Unfortunately, infrastructure at IIM-C was not addressed for long time. Approach road to Joka campus is very bad. West Bengal Govt. did not pay much attention to one of the top and oldest IIM.

8 Jun 2012, 05.59 PM |

Amitabh Chaudhuri

Now, most of the brilliant students who scores top percentile in CAT exams with job experience has higher probability of entering IIM-C, subject to their qualifying in the tough group discussion & interview. For cut-off for GD and interview, IIM-C still gives adequate importance on CAT percentile.

8 Jun 2012, 06.13 PM |

Nishant

Lots of back end and middle office roles are there in the list obviously(as already mentioned in the report). The banks where hardly any back end/corporate banking etc would have been counted are Morgan Stanley, Credit Suisse, JP Morgan, UBS, Nomura and RBS. Goldman too to an extent.

27 Apr 2012, 08.57 PM

+Read Replies (2)

Team InsideIIM

There are a lot of Middle Office roles at Goldman Sachs ,Credit Suisse, J.P.Morgan. IIM LIK at Goldman is almost entirely middle office. Very few front end guys in J.P.Morgan from LIK too.

27 Apr 2012, 09.04 PM |

Nishant

I was mentioning the names for ABC. On campus, these banks almost never offer back office or middle office. But ya, lateral movement is a possibility.

27 Apr 2012, 10.33 PM |

Confused

If possible can you please do a similar report for buyside opportunities?

27 Apr 2012, 10.21 PM

Sushrut

As always is this case, despite the huge rift between L and IK, they are being clubbed together because the team at inside IIM is biased.

27 Apr 2012, 11.31 PM

+Read Replies (6)

Antariksh

pLEASE EXPLAIN THIS HUGE RIFT

27 Apr 2012, 11.44 PM |

Sushrut

The way you explain the huge rift between ABC and L

27 Apr 2012, 11.52 PM |

Mithun

Don't blame InsideIIM - everyone does that. Lots of reasons for that - one big reason is that C, A (these two especially) and B are much older than other IIMs. Another equally important but silly reason: ABC has a nice ring to it. :) If IIM Lucknow was situated at Delhi or Dehradun or Durgapur, it could have easily got into people's minds as among "ABCD". :) But ABCL doesn't have a nice feel to it - ABC and LIK seperately sound better. This is also the reason why B's status rose so much inspite of being much younger than C and A: Because B comes between A and C in the English alphabet, people just think that "ABC" is an ordered group. Many people also automatically think that IIMA is better than IIMB which is in turn better than IIMC, just because their names are "A", "B" and "C". :) I have some aunts and uncles who used to think these names were given on the order of their importance or whatever. So, the best way for IIM-L to be counted among the best - change it's name to IIM-D. Within a few years, people will start thinking that it's as good as "ABC", but that it's slightly worse than those 3 since it's name is only D. :P

28 Apr 2012, 01.40 AM |

Neutral Junta

Mithun, you are funny man.However leaving the satire part I don't think you had any substance to say. Sushrut, I think its mostly being conveyed that its ABC and the rest and this is no way means that LIK are same. Every aspirant knows his/her preferences when he gets his/her call from LIK and I don't need to reiterate it here. Its also true that there is a bit difference within ABC with AC being older colleges but B's strong growth is attributed to its location in Bangalore and not because "B" comes between AC. L is a good college too and as insideiim has always mentioned is getting very close to ABC.

28 Apr 2012, 02.24 AM |

RamanG

@InsideIIM Can you also provide an analysis of how the batch size has evolved from 1990 / 1996 (in the case of newer IIMs) ?

28 Apr 2012, 04.06 AM |

Abhinav

Don't underestimate the power of symbolism and branding. The post above has a good point: "ABC" does have a nice ring to it which makes it difficult for IIM Lucknow to be counted among the group. IIM Bangalore also definitely would have benefited from its name!

28 Apr 2012, 11.04 AM |

Ipsita

ABC does have a good ring to it... Apart from this, rankings (Usually A is followed by B followed by C) too play a significant role in recalling these schools as ABC and not with any other combination....

30 Apr 2012, 09.52 AM

Rahul

@Mithun-LOL!!...You have brought out a very valid proposition in a very satiric way...liked ur post

4 May 2012, 10.21 AM

IIM Indore stud

Respected IndsideIIM team, A month ago I was ecstatic on converting IIM Indore. But after reading a string of articles of late I can see that the rift between ABC and Indore is tremendous. No bulge bracket I-banks/ top consult firms. I know of the concept of "second-MBA" aborad, Do you see this trend starting in India also? Will it be worthwhile for an IIM I pass-out to target a second MBA from ABC after building a profile of 5-7 years? Only thing is that I don't want to leave IIM I seat right now given the online CAT. On a side note, could you please perform a survey on how fair the present CAT is, by showing a correlation between 98%ers in CAT and other exams XAT/IIFT/NMAT/SNAP ?

24 Jun 2012, 12.08 PM

+Read Replies (1)

Team InsideIIM

Your best bet is to write CAT again while you are at IIM Indore and hope to make it for Class of 2013-15. It is unlikely either IIM ABC will accept you after 5-7 years of experience for the PGP programme. May be the Exec PGP Programme is what you could look at. Don't think it will add so much value. There are enough examples of alums of all 6 IIMs doing their 2nd MBA in the US. Check out LinkedIn.com for that. The survey on the above correlation is difficult unless we can ensure enough data and the accuracy of the same. User generated data of this kind is generally faulty.

24 Jun 2012, 01.32 PM |

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Comments
 

IIMC student

B lags behind A and C as it is newer. Rest of the observations are along expected lines. Can you do a similar analysis on the number of CEOs or VPs from IIMs?

27 Apr 2012, 06.32 PM

+Read Replies (5)

Antariksh

This sample is from 1990 passout so no effect of B being older

27 Apr 2012, 09.26 PM |

IIMC student

B seems to lag behind C and A in finance then (historically) .... From the placement reports, placements at ABC sound very similar

28 Apr 2012, 01.02 PM |

Amitabh Chaudhuri

Bangalore gives least performance to CAT percentile, whereas A & C gives due importance to CAT exam's percentile. Particularly IIM-Calcutta gives adequate weightage to CAT percentile and you will find that many 99 percentile and above are mostly at IIM-C. But Bangalore gives importance to their own selection process, therefore, there are many students who qualify with low (97) percentile.

8 Jun 2012, 05.57 PM |

Amitabh Chaudhuri

IIM-A gives some points for CAT percentile, some for Board Exam and Graduation (or) B.Tech exam marks, some marks for job experience etc. etc. After this exercise is done and the students who are found have scored total 21 points and above are only called for group discussion and interview. It does not matter, whether that student scored 99.9 percentile in CAT. IIM-B does not give much importance to CAT marks. It seems they don't believe in what the general public knows, i.e., . . . . . .CAT . . . . the key to IIMs ! Since few years, while doing campus recruit, I have found that large number of IIM-C students are qualitatively much better, particularly in finance. Unfortunately, infrastructure at IIM-C was not addressed for long time. Approach road to Joka campus is very bad. West Bengal Govt. did not pay much attention to one of the top and oldest IIM.

8 Jun 2012, 05.59 PM |

Amitabh Chaudhuri

Now, most of the brilliant students who scores top percentile in CAT exams with job experience has higher probability of entering IIM-C, subject to their qualifying in the tough group discussion & interview. For cut-off for GD and interview, IIM-C still gives adequate importance on CAT percentile.

8 Jun 2012, 06.13 PM |

Nishant

Lots of back end and middle office roles are there in the list obviously(as already mentioned in the report). The banks where hardly any back end/corporate banking etc would have been counted are Morgan Stanley, Credit Suisse, JP Morgan, UBS, Nomura and RBS. Goldman too to an extent.

27 Apr 2012, 08.57 PM

+Read Replies (2)

Team InsideIIM

There are a lot of Middle Office roles at Goldman Sachs ,Credit Suisse, J.P.Morgan. IIM LIK at Goldman is almost entirely middle office. Very few front end guys in J.P.Morgan from LIK too.

27 Apr 2012, 09.04 PM |

Nishant

I was mentioning the names for ABC. On campus, these banks almost never offer back office or middle office. But ya, lateral movement is a possibility.

27 Apr 2012, 10.33 PM |

Confused

If possible can you please do a similar report for buyside opportunities?

27 Apr 2012, 10.21 PM

Sushrut

As always is this case, despite the huge rift between L and IK, they are being clubbed together because the team at inside IIM is biased.

27 Apr 2012, 11.31 PM

+Read Replies (6)

Antariksh

pLEASE EXPLAIN THIS HUGE RIFT

27 Apr 2012, 11.44 PM |

Sushrut

The way you explain the huge rift between ABC and L

27 Apr 2012, 11.52 PM |

Mithun

Don't blame InsideIIM - everyone does that. Lots of reasons for that - one big reason is that C, A (these two especially) and B are much older than other IIMs. Another equally important but silly reason: ABC has a nice ring to it. :) If IIM Lucknow was situated at Delhi or Dehradun or Durgapur, it could have easily got into people's minds as among "ABCD". :) But ABCL doesn't have a nice feel to it - ABC and LIK seperately sound better. This is also the reason why B's status rose so much inspite of being much younger than C and A: Because B comes between A and C in the English alphabet, people just think that "ABC" is an ordered group. Many people also automatically think that IIMA is better than IIMB which is in turn better than IIMC, just because their names are "A", "B" and "C". :) I have some aunts and uncles who used to think these names were given on the order of their importance or whatever. So, the best way for IIM-L to be counted among the best - change it's name to IIM-D. Within a few years, people will start thinking that it's as good as "ABC", but that it's slightly worse than those 3 since it's name is only D. :P

28 Apr 2012, 01.40 AM |

Neutral Junta

Mithun, you are funny man.However leaving the satire part I don't think you had any substance to say. Sushrut, I think its mostly being conveyed that its ABC and the rest and this is no way means that LIK are same. Every aspirant knows his/her preferences when he gets his/her call from LIK and I don't need to reiterate it here. Its also true that there is a bit difference within ABC with AC being older colleges but B's strong growth is attributed to its location in Bangalore and not because "B" comes between AC. L is a good college too and as insideiim has always mentioned is getting very close to ABC.

28 Apr 2012, 02.24 AM |

RamanG

@InsideIIM Can you also provide an analysis of how the batch size has evolved from 1990 / 1996 (in the case of newer IIMs) ?

28 Apr 2012, 04.06 AM |

Abhinav

Don't underestimate the power of symbolism and branding. The post above has a good point: "ABC" does have a nice ring to it which makes it difficult for IIM Lucknow to be counted among the group. IIM Bangalore also definitely would have benefited from its name!

28 Apr 2012, 11.04 AM |

Ipsita

ABC does have a good ring to it... Apart from this, rankings (Usually A is followed by B followed by C) too play a significant role in recalling these schools as ABC and not with any other combination....

30 Apr 2012, 09.52 AM

Rahul

@Mithun-LOL!!...You have brought out a very valid proposition in a very satiric way...liked ur post

4 May 2012, 10.21 AM

IIM Indore stud

Respected IndsideIIM team, A month ago I was ecstatic on converting IIM Indore. But after reading a string of articles of late I can see that the rift between ABC and Indore is tremendous. No bulge bracket I-banks/ top consult firms. I know of the concept of "second-MBA" aborad, Do you see this trend starting in India also? Will it be worthwhile for an IIM I pass-out to target a second MBA from ABC after building a profile of 5-7 years? Only thing is that I don't want to leave IIM I seat right now given the online CAT. On a side note, could you please perform a survey on how fair the present CAT is, by showing a correlation between 98%ers in CAT and other exams XAT/IIFT/NMAT/SNAP ?

24 Jun 2012, 12.08 PM

+Read Replies (1)

Team InsideIIM

Your best bet is to write CAT again while you are at IIM Indore and hope to make it for Class of 2013-15. It is unlikely either IIM ABC will accept you after 5-7 years of experience for the PGP programme. May be the Exec PGP Programme is what you could look at. Don't think it will add so much value. There are enough examples of alums of all 6 IIMs doing their 2nd MBA in the US. Check out LinkedIn.com for that. The survey on the above correlation is difficult unless we can ensure enough data and the accuracy of the same. User generated data of this kind is generally faulty.

24 Jun 2012, 01.32 PM |