Alumni Report 2015 – Banking & Finance

If you are wondering what top B-schools alums are doing after graduating from b-schools, this annual report from InsideIIM (refer here for last year’s reports) would help you get a peek into the cohort of these alums across various industries.

The purpose of this edition of report is to provide the readers with a top level understanding of what is the concentration of graduates from top B-schools across industries. The numbers presented in the report are a result of the secondary research from the publicly available data on the website LinkedIn and hence, should be interpreted cautiously. The basic motive of this report is to point out a broad trend and we are not obsessing about pin-point accuracy.

Top B-schools in India are divided into two categories based on the years in which they were established. The rationale behind such as a selection criterion is to ensure that the alum base is strong and comparable for the B-schools under comparison. As there was no top B-school established between 1965 and 1973, the cut-off year chosen for dividing the schools is taken to be 1965. This criterion divides the schools in two clusters – Cluster 1 – Pre-1966 and Cluster 2 – Post 1966 – having 8 schools in each cluster.

The table summarizes these clusters with the year of establishment.

 

cluster

 

Though the absolute number of alums working in various sectors is presented in the report, analyses are presented in percentage terms to cancel out the effect of different alum bases. For example, TISS has only 60 students. It churns out as many students in 10 years what IIMs do in 2. The first of the three reports in this year’s edition focuses on Banking & Finance

 

Analysis of Alumni in Banking & Finance Companies

 

A total of 25 companies were considered to represent the financial sector. These companies are among the top rated names in InsideIIM’s Annual Recruitment Survey. The list of companies are considered to be comprehensive in the sense that they are not only prominent companies every MBA aspirant/graduate looks out for but also cover the entire spectrum of corporate banking, investment banking, financial services & others. Many are marquee names with several functions/group companies operating under it.

The Pre 1966 Top Business Schools Given below is the raw data from LinkedIn for the 8 Schools in this cluster of schools established prior to 1966. Please note that –

1) No filtration has been done for job profile. Hence, the figures below represent every role and domain – From Investment banking to branch operations to technology lead to HR.

2) All possible business of a banking and finance company have been considered. For e.g. – HDFC below consists of employees from HDFC Ltd, HDFC Insurance businesses, HDFC Bank etc. UBS includes UBS Investment Management, UBS Asset Management, UBS Private Bank and so on. Bank of America includes the corporate bank, the investment banking arm (BAML) and the KPO – Bank of America Continuum as well.

3) A higher number does not necessarily mean that alumni from that campus have more influence or that they bag coveted roles. Seniority of alumni, quality and diversity of roles play a bigger part. For e.g. working in a front-end Goldman Sachs investment banking team is vastly different from being in a risk management middle office role or being a part of the technology team or the KPO. 2 Directors from the same campus can wield more influence than 4 management trainees. Unfortunately, this cannot be captured with exact accuracy given the paucity of time and subjectivity involved. However, if one views these reports in conjunction with our placement reports of the last 3 years you can get a fair idea of how things stand.

 

alumni-report-2015-insideiim-pre-1966estd-business-schools

 

The analysis done below gives a detailed look into:

  1. Company wise slicing of Alumni across Category 1 B-Schools.
  2. Cumulative percentage of alumni working in different companies.
  3. Location wise spread of Category 1 B-School alumni.

 

% of Alumni for each Company in Top Schools from all Alumni working in the Top Schools Considered

In the above table, wherever the percentage of total alumni from a B-school in a particular company crosses 20%, it has been marked in Red.

The above table strikingly shows the forte of IIM Calcutta when it comes to finance sector. We see that in almost all the companies considered, more than 1 in 5 alumni considered are from IIMC. Only in certain companies like Axis Bank, SBI, RBS & Yes Bank, there is a more equitable distribution of alumni. ICICI Bank, HSBC, Axis Bank, Standard Chartered and Yes Bank come out to be the top 5 recruiters respectively for Finance roles across this cluster.

 

% of Alumni for each School in Top Companies from all Alumni working in the Top Companies Considered

 

The above table shows the percentage of alumni from a particular B-school spread across different companies. ICICI bank turns out to be a big recruiter across all the campuses. It is to be noted that since the strength of alumni considered will be different for B-schools, comparison of percentages across B-schools is unwise.

In case of IIM A, given all other factors, you have the highest probability of ending up with a job at Citibank.

 

Mumbai is definitely the place to expect if you are interesting in pursuing a career in finance in India. For B-schools located in Mumbai like JBIMS & NITIE, a disproportionately large percentage of alumni stay in Mumbai. FMS & IIFT also plays a good role in ensuring a job at Delhi.

 

Among the Category 1 colleges, IIM alumni has a higher probability of being posted in foreign locations. It is surprising to note that IIFT which offers MBA in International Business has a poorer record compared to IIMs in giving its alumni a foreign job posting.

 

The Post 1966 Top Business Schools

Given below is the raw data from LinkedIn for the 8 Schools in this cluster of schools established prior to 1966. Please note that

1) No filtration has been done for job profile. Hence, the figures below represent every role and domain – From Investment banking to branch operations to technology lead to HR.

2) All possible business of a banking and finance company have been considered. For e.g. – HDFC below consists of employees from HDFC Ltd, HDFC Insurance businesses, HDFC Bank etc. UBS includes UBS Investment Management, UBS Asset Management, UBS Private Bank and so on. Bank of America includes the corporate bank, the investment banking arm (BAML) and the KPO – Bank of America Continuum as well.

3) A higher number does not necessarily mean that alumni from that campus have more influence or that they bag coveted roles. Seniority of alumni, quality and diversity of roles play a bigger part. For e.g. working in a front-end Goldman Sachs investment banking team is vastly different from being in a risk management middle office role or being a part of the technology team or the KPO. 2 Directors from the same campus can wield more influence than 4 management trainees. Unfortunately, this cannot be captured with exact accuracy given the paucity of time and subjectivity involved. However, if one views these reports in conjunction with our placement reports of the last 3 years you can get a fair idea of how things stand.

4) NMIMS also has many undergrad degrees. The figures for NMIMS could be influenced heavily because of this as B.Com, BBA, B.Sc. Eco grads are also counted along with the post-grad MBA. Also, we have seen many examples of Narsee Monjee College of Commerce and Economics grad label themselves under NMIMS by mistake on LinkedIn.

 

alumni-report-2015-insideiim-post-1966-estd-business-schools

 

% of Alumni for each Company in Top Schools from all Alumni working in the Top Schools Considered

 

In the above table, which highlights cases where there is more than 20% of alumni of a particular B –school in a company, it is worth noting that for NMIMS, The high percentages reported above are attributable more due to the high reporting of data from NMIMS alumni.  However, it still points to a significant hold NMIMS has in most of the companies considered.

 

% of Alumni for each School in Top Companies from all Alumni working in the Top Companies Considered

 

It is worth noting here that post 1966 schools are not different when employment at ICICI Bank is considered. A significant proportion of post graduates from these 16 B-schools do end up at ICICI. The large numbers in which ICICI recruits may be the primary reason. However, since the data includes alumni who have been in the industry for long, other debatable reasons like better career prospects at ICICI may explain this stickiness. A high percentage of alumni from IIM Indore & NMIMS work at ICICI Bank. IIM Bangalore has the most equitable distribution among the schools considered above. We can also see the significant location advantage that NMIMS and SPJIMR have in India’s financial capital and they seem to be using it quite well.

 

Next, we consider the job locations of alumni of all the colleges.

We see that SP Jain Institute of Management Research has a disproportionately high (50%) percentage of its alumni posted abroad. However, this is due to very low number of profile data that could be picked up from LinkedIn. Data points to ISB and IIM B alumni getting better opportunities in working abroad.

Similar to pre-1966 schools, we see that Mumbai is the location for professionals in the financial sector. The location of B-school has played an important role here too. NMIMS and SPJIMR has a high percentage of its alumni in Mumbai.

 

For previous year’s reports, please click here.

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This report has been created by Student Team InsideIIM members – Manvi, Shubham, Saikat, Aditya and the Sector Lead for this report – Srihari KS with inputs from Ankit Doshi. Please leave your queries for the team below.

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