Alumni Report 2015 – Consulting

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.

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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 fourth report in this year’s edition focuses on Consulting. For the report on Banking and Finance, click here.  For the report on FMCG, click here. For the report on Tech & E-Commerce companies, click here.

 

Analysis of Alumni in Consulting Companies

 

A total of 17 companies were considered to represent the consulting 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 strategy consulting, IT consulting, supply chain consulting & others.

 

Key Takeaways

1) There is high concentration of management consulting alumni in a few schools. It is clear from the data below that IIM A,B,C, ISB and IIM L are the top 5 campuses in this space when one considers all the 16 schools. The fact that IIM B, IIM L and ISB were established after 1970 and in different decades shows that being old isn’t an advantage at all.

2) The spectacular performance of ISB is worth noting in this sector again. It is the youngest school among the 16 chosen but it is clear that the industry considers ISB alumni ideal for consulting roles. It may be because of the selection criteria but more importantly because it was a Mckinsey & Co. alumnus who founded 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.

2) All possible business of a consulting company have been considered. For e.g. – Accenture below consists of employees from Accenture Strategy, Accenture technology etc.

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. 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.

 

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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.

 

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

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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 dominance of IIM Ahmedabad and IIM Calcutta when it comes to consulting sector. The big 4 consulting firms clearly have a preference for IIM Ahmedabad and IIM Calcutta. We see that in almost all the companies considered, more than 1 in 5 alumni considered are from these two B-schools.

Only in certain companies like Accenture, Deloitte, KPMG, IBM and Capgemini, there is a more equitable distribution of alumni.

XLRI alumni are in substantial numbers at EY, KPMG and Capgemini.

IIM A and IIM C dominate Mckinsey and BCG from this group. If you consider all the 16 schools then IIM B, ISB and IIM L are the only other schools which are note-worthy.

 

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

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The above table shows the percentage of alumni from a particular B-school spread across different companies.

Accenture turns out to be a big recruiter across all the campuses. IIM A and C have decent numbers across companies.

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.

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

2) All possible business of a consulting company have been considered. For e.g. – Accenture below consists of employees from Accenture Strategy, Accenture technology etc.

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. 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 undergraduate 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 graduates label themselves under NMIMS by mistake on LinkedIn.

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

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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 the dominance of IIM Bangalore in all the consulting firms.

However, ISB is the real story again as mentioned earlier given that it is the youngest school considered but has tens of alumni in the most sought after consulting firms.

IIM L has a decent presence across firms and has grown rapidly over the last decade with increasing campus hiring by top consulting firms.

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

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It is worth noting here that post 1966 schools are not different when employment at Accenture. The large numbers in which Accenture 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 Accenture may explain this stickiness.

A high percentage of alumni from MDI & NMIMS work at Accenture.

Deloitte forms a significant part of IIM I and IIM K’s alumni base and is an important recruiter at both campuses.

 

Locations

Pre-1966 Established Schools

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As expected, most of the alums from these schools are located in Mumbai given the high concentration of consulting companies in the city. While FMS, JBIMS, and TISS show a regional influence as a higher percentage of alum are in the base city, other schools show an equal distribution of alum across cities.

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Among the category 1 schools, FMS, TISS, and XLRI alumni have a lower probability of being posted in foreign locations.

 

Post 1966 Established Schools

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

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We see that SP Jain Institute of Management Research has a disproportionately high (30%) 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.

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For previous year’s reports, please click here.

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

Comments

2 comments

Vivek Kumar

Excellent Insight.. Great job team. Really appreciate it. I want to mould my career to Consulting and this report gave me good overview. Thanks again …