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The Six IIM Alumni Report 2013 - Part Three - Stats for Consulting & Banking

Comments
 

Insideiim Admin

.

We would have made such a statement about IIM I in banking but it is not true. Data suggests that it is not true. The gulf in management/strategy consulting between IIM K and others is far more than the gulf in banking numbers at IIM I vs. the others. Looking at current recruitment data, the strategy consulting scene at IIM K is unlikely to improve soon. It is something the IIM K placement team should focus on. Majority of IIM K alumni in MNC banks are in IT and Support. You can do this analysis for yourself. For e.g. Search for IIM K alumni in Credit Suisse. And go through their profiles. All 5 alums are in Support or IT roles. It is a similar case for many other MNCs in that list. You are free to do an analysis yourself. IIM K also has great numbers at Citi. However, out of 23 only 8 are in Citibank India. Look at the profiles of the 15 working at 'Citi'. Now look at profiles for the 7 people at Citi/Citibank from IIM Indore. All of them are front end bankers. The analysis in the above paragraph was to point out that we don't see a gulf between IIM I and IIM K for 'hardcore' banking and hence no reason to make a strong statement. If at all, It is possible IIM I is marginally better. Please understand that it serves us in no way to favour a campus. We call it like we see it. Every observation made by us and it's wording is done after careful analysis. We are very sure about what we are saying because we have spent hours going through profiles. We are waiting for more brickbats from FMS and JBIMS as we release more data over the weekend. But we call it like we see it.

4 May 2013, 09.27 AM

Rahul

MDI Gurgaon comes in the same bracket as some of the non-IIM schools mentioned I guess...and it is one of the older institutes (complared to an IIM-I or IIM-K for example). So it is expected to have a stronger alumni. It would be nice if MDI is included in that list.

4 May 2013, 11.35 AM

Insideiim Admin

.

All comments by Anonymous deleted and the specific IP Address/es have been blocked. Any attempt to malign will dealt strictly. We will definitely not allow it on our platform. You are free to rant or malign us on your personal blog or any other website you deem fit.

5 May 2013, 01.29 AM

+Read Replies (6)

Would_Be_MBA

Respected Sir/Mam, Don't u think institutes like MDI, IIFT, NITIE, SJMSOM (or atleast MDI & IIFT) deserve to find a mention in this awesome site? :O Considering the current scenario, they are in no way inferior to IIM-I, K, SPJ & many with I & K convert nowadays prefer MDI over them. Do u think u can add some more colleges to this prestigious list? :O

5 May 2013, 03.10 AM |

Insideiim Admin

.

3 schools are being added to this website from June 2013. Stay tuned for more.

5 May 2013, 09.09 AM |

Mandevian

Not just I & K for MDI but some even leave SPJ for MDI.. I myself chose MDI over it (SPJIMR IM) a couple of years ago. By the way, just to take nothing away from them I'm sure enough leave MDI for I,K and SPJ too :)

5 May 2013, 11.56 PM |

Would_Be_MBA

Now that may be considered a stupid decision on their part. :p Leaving SPJ for MDI does'nt make any sense :o 1) SPJain has a course fee of 10.5 while MDI charges 15+ from this year. 2) SPJain has a smaller batch size (240 TOTAL) when compared to MDI (330). 3) There are several top notch companies that visit SPJain but not MDI. Deutsche Bank, Citibank, Franklin Templeton, AMC, TSMG, TAS, FLIPKART, Texas Instruments, GE, Amazon, Microsoft, Google, Jumbo Electronics--- to name a few while everyone knows that the Mrketing line-up is simply outstanding. The only reason people leave I for MDI is it's gigantic batch size which makes the last 100 certainly ending up with sub-standard jobs while IIM-K, with the lowest batch size among the old IIMs, still failing to place the 322 odd students in an IIM-worthy job & being forced to call several start-ups to bail them out. Both these institutes boast of much bigger names in their placement reports than MDI, especially in Finance, Consulting, Gen-Man & E-Commerce fields. No offence meant to MDI. I was the one who requested for MDI in the first place, so I don't think I will be insulting the same institute, is'nt it?

6 May 2013, 03.32 PM |

Mandevian

Well it actually isn't as stupid a decision as u make it sound so let me take you through the thought process of leaving SPJ for MDI 1) Yes course fee for SPJ has always been lower but when I did my MBA the fee wasn't 15 but 12 for MDI. SPJ was close to 10. Now considering MDI allows you all the flexibility in the world with regards to your specialization, consider it a premium you pay to buy an option. Finance says options always come at a premium :) You may say u need to be sure of what you want to do before you start your MBA but believe me enough number of people start with thinking IB and end with marketing or e-commerce :) Also as I mentioned my spec. in SPJ would have been Info. mgmt and with a strong (versatile) work-ex in IT I didn't feel a spec. in IT would add anything to my knowledge base. I also wanted to explore new things. 2) SPJ has a smaller batch size (240).. when I made my choice it was even smaller - 180 (45 in each branch). But that's beside the point. Agreed, smaller batch size makes for less competition and hence (possibly) better & easier placements but the way I looked at it - I wasn't afraid of competition. I have sat in many competitions in my life and by God's grace fared very well (including CAT) and I've never been rejected in an interview in my life (in all modesty, even now that I have completed my MBA - saving one interview :P) so I wasn't gonna shy away just to make things easier. In retrospect, I think I made the right choice as I have a very good general management offer in hand today paying quite well :) .. better than the only one interview I didn't make it through :) 3) Yes there are all these top notch companies in SPJ. But only 4-5 companies in all that you mentioned don't recruit at MDI (Deutsche Bank & Franklin Templeton being 2 of them). I was almost sure I was not gonna join a financial firm/profile so that didn't matter to me. Mostly all companies that recruit at SPJ do recruit at MDI too. Some add-ons that MDI has & SPJ doesn't, that tipped it for me. The exchange program. Oh yes, it's heaven and really a great opportunity to grow as a person, learn, explore and even network. There are even some great scholarships on offer that can almost make your trip gratis! I was lucky enough to get one and made some great friends and grew a lot as a person. It has changed my perspective about economics, politics, sociology and many things that matter in life :) Also, I was lucky enough to make such good friends there that I'm currently working on a business plan with a friend there. I just hope it works out :) (fingers crossed). All in all, a lot that I took away from exchange and MDI. Finally, the campus. I went to SPJ for their immersion (the first they started in 2011) and I was disappointed to say the least by the infrastructure and again that tipped it for me too.So many nights I've spent in the tennis/badminton court at MDI. Finally the faculty strength is better at MDI too. I know people look at MBA and think of plum job offers which is not wrong but I guess for me there were many intangibles involved in the deal and so my friend I'm not offended at all by you saying that it was a stupid decision but I really do not agree with you. 4-5 extra companies out of a 100 odd does not make any difference in my opinion. There's more to MBA than a placement. Cheers

6 May 2013, 08.12 PM |

Well wisher

One of the most convincing submissions I have ever read here. I wish every aspirant in this country thinks on these lines.

7 May 2013, 10.55 AM |

Anonymous

Why did you delete my comment!! I did not malign anyone ... I just asked whether your strong negative view towards IIMK in consulting while giving a free pass to IIMI in banking was fair. I felt Indore was not sufficiently ahead of K to merit such a conclusion. You have deleted my comment while you have kept your response! Also I made only 1 comment.

5 May 2013, 04.28 PM

Well wisher

Virtually no options available for top-tier consulting jobs at Indore or Kozhikode.

6 May 2013, 11.55 AM

+Read Replies (2)

Insideiim Admin

.

These are alumni. This does not indicate options. There are a lot of school where historically companies recruited and hence have the alumni numbers but companies haven't gone to those campuses for the last 5 years. There is a difference between options for the graduating class and the number of alumni from those schools at different companies at this point in time

7 May 2013, 12.47 PM |

Well wisher

My comment was in the context of management consulting job options. As far as I know, it is usually the alumni that drive recruitment in the management consulting space. What you have pointed out is valid in case of those conventional jobs and I do not dispute that.

7 May 2013, 01.50 PM |

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Comments
 

Insideiim Admin

.

We would have made such a statement about IIM I in banking but it is not true. Data suggests that it is not true. The gulf in management/strategy consulting between IIM K and others is far more than the gulf in banking numbers at IIM I vs. the others. Looking at current recruitment data, the strategy consulting scene at IIM K is unlikely to improve soon. It is something the IIM K placement team should focus on. Majority of IIM K alumni in MNC banks are in IT and Support. You can do this analysis for yourself. For e.g. Search for IIM K alumni in Credit Suisse. And go through their profiles. All 5 alums are in Support or IT roles. It is a similar case for many other MNCs in that list. You are free to do an analysis yourself. IIM K also has great numbers at Citi. However, out of 23 only 8 are in Citibank India. Look at the profiles of the 15 working at 'Citi'. Now look at profiles for the 7 people at Citi/Citibank from IIM Indore. All of them are front end bankers. The analysis in the above paragraph was to point out that we don't see a gulf between IIM I and IIM K for 'hardcore' banking and hence no reason to make a strong statement. If at all, It is possible IIM I is marginally better. Please understand that it serves us in no way to favour a campus. We call it like we see it. Every observation made by us and it's wording is done after careful analysis. We are very sure about what we are saying because we have spent hours going through profiles. We are waiting for more brickbats from FMS and JBIMS as we release more data over the weekend. But we call it like we see it.

4 May 2013, 09.27 AM

Rahul

MDI Gurgaon comes in the same bracket as some of the non-IIM schools mentioned I guess...and it is one of the older institutes (complared to an IIM-I or IIM-K for example). So it is expected to have a stronger alumni. It would be nice if MDI is included in that list.

4 May 2013, 11.35 AM

Insideiim Admin

.

All comments by Anonymous deleted and the specific IP Address/es have been blocked. Any attempt to malign will dealt strictly. We will definitely not allow it on our platform. You are free to rant or malign us on your personal blog or any other website you deem fit.

5 May 2013, 01.29 AM

+Read Replies (6)

Would_Be_MBA

Respected Sir/Mam, Don't u think institutes like MDI, IIFT, NITIE, SJMSOM (or atleast MDI & IIFT) deserve to find a mention in this awesome site? :O Considering the current scenario, they are in no way inferior to IIM-I, K, SPJ & many with I & K convert nowadays prefer MDI over them. Do u think u can add some more colleges to this prestigious list? :O

5 May 2013, 03.10 AM |

Insideiim Admin

.

3 schools are being added to this website from June 2013. Stay tuned for more.

5 May 2013, 09.09 AM |

Mandevian

Not just I & K for MDI but some even leave SPJ for MDI.. I myself chose MDI over it (SPJIMR IM) a couple of years ago. By the way, just to take nothing away from them I'm sure enough leave MDI for I,K and SPJ too :)

5 May 2013, 11.56 PM |

Would_Be_MBA

Now that may be considered a stupid decision on their part. :p Leaving SPJ for MDI does'nt make any sense :o 1) SPJain has a course fee of 10.5 while MDI charges 15+ from this year. 2) SPJain has a smaller batch size (240 TOTAL) when compared to MDI (330). 3) There are several top notch companies that visit SPJain but not MDI. Deutsche Bank, Citibank, Franklin Templeton, AMC, TSMG, TAS, FLIPKART, Texas Instruments, GE, Amazon, Microsoft, Google, Jumbo Electronics--- to name a few while everyone knows that the Mrketing line-up is simply outstanding. The only reason people leave I for MDI is it's gigantic batch size which makes the last 100 certainly ending up with sub-standard jobs while IIM-K, with the lowest batch size among the old IIMs, still failing to place the 322 odd students in an IIM-worthy job & being forced to call several start-ups to bail them out. Both these institutes boast of much bigger names in their placement reports than MDI, especially in Finance, Consulting, Gen-Man & E-Commerce fields. No offence meant to MDI. I was the one who requested for MDI in the first place, so I don't think I will be insulting the same institute, is'nt it?

6 May 2013, 03.32 PM |

Mandevian

Well it actually isn't as stupid a decision as u make it sound so let me take you through the thought process of leaving SPJ for MDI 1) Yes course fee for SPJ has always been lower but when I did my MBA the fee wasn't 15 but 12 for MDI. SPJ was close to 10. Now considering MDI allows you all the flexibility in the world with regards to your specialization, consider it a premium you pay to buy an option. Finance says options always come at a premium :) You may say u need to be sure of what you want to do before you start your MBA but believe me enough number of people start with thinking IB and end with marketing or e-commerce :) Also as I mentioned my spec. in SPJ would have been Info. mgmt and with a strong (versatile) work-ex in IT I didn't feel a spec. in IT would add anything to my knowledge base. I also wanted to explore new things. 2) SPJ has a smaller batch size (240).. when I made my choice it was even smaller - 180 (45 in each branch). But that's beside the point. Agreed, smaller batch size makes for less competition and hence (possibly) better & easier placements but the way I looked at it - I wasn't afraid of competition. I have sat in many competitions in my life and by God's grace fared very well (including CAT) and I've never been rejected in an interview in my life (in all modesty, even now that I have completed my MBA - saving one interview :P) so I wasn't gonna shy away just to make things easier. In retrospect, I think I made the right choice as I have a very good general management offer in hand today paying quite well :) .. better than the only one interview I didn't make it through :) 3) Yes there are all these top notch companies in SPJ. But only 4-5 companies in all that you mentioned don't recruit at MDI (Deutsche Bank & Franklin Templeton being 2 of them). I was almost sure I was not gonna join a financial firm/profile so that didn't matter to me. Mostly all companies that recruit at SPJ do recruit at MDI too. Some add-ons that MDI has & SPJ doesn't, that tipped it for me. The exchange program. Oh yes, it's heaven and really a great opportunity to grow as a person, learn, explore and even network. There are even some great scholarships on offer that can almost make your trip gratis! I was lucky enough to get one and made some great friends and grew a lot as a person. It has changed my perspective about economics, politics, sociology and many things that matter in life :) Also, I was lucky enough to make such good friends there that I'm currently working on a business plan with a friend there. I just hope it works out :) (fingers crossed). All in all, a lot that I took away from exchange and MDI. Finally, the campus. I went to SPJ for their immersion (the first they started in 2011) and I was disappointed to say the least by the infrastructure and again that tipped it for me too.So many nights I've spent in the tennis/badminton court at MDI. Finally the faculty strength is better at MDI too. I know people look at MBA and think of plum job offers which is not wrong but I guess for me there were many intangibles involved in the deal and so my friend I'm not offended at all by you saying that it was a stupid decision but I really do not agree with you. 4-5 extra companies out of a 100 odd does not make any difference in my opinion. There's more to MBA than a placement. Cheers

6 May 2013, 08.12 PM |

Well wisher

One of the most convincing submissions I have ever read here. I wish every aspirant in this country thinks on these lines.

7 May 2013, 10.55 AM |

Anonymous

Why did you delete my comment!! I did not malign anyone ... I just asked whether your strong negative view towards IIMK in consulting while giving a free pass to IIMI in banking was fair. I felt Indore was not sufficiently ahead of K to merit such a conclusion. You have deleted my comment while you have kept your response! Also I made only 1 comment.

5 May 2013, 04.28 PM

Well wisher

Virtually no options available for top-tier consulting jobs at Indore or Kozhikode.

6 May 2013, 11.55 AM

+Read Replies (2)

Insideiim Admin

.

These are alumni. This does not indicate options. There are a lot of school where historically companies recruited and hence have the alumni numbers but companies haven't gone to those campuses for the last 5 years. There is a difference between options for the graduating class and the number of alumni from those schools at different companies at this point in time

7 May 2013, 12.47 PM |

Well wisher

My comment was in the context of management consulting job options. As far as I know, it is usually the alumni that drive recruitment in the management consulting space. What you have pointed out is valid in case of those conventional jobs and I do not dispute that.

7 May 2013, 01.50 PM |