For Cluster 2 of B-schools, NMIMS is the dominant B-school, with at least 1/5th of alumni across each company belonging to NM. However, due to the unavoidable inclusion of undergraduate degrees as well as NM's large batch-size, these figures can be taken with a pinch of salt. IIM Bangalore emerges as the second most dominant B-school, and appears to be miles ahead of other IIM counter-parts present in this Cluster. New entrants SIBM Pune and MICA have relatively low alumni concentration in the Finance companies mentioned in this report.
Read more about how we made this report here.
Analysis For B-Schools Established Before 1966
The table above comprises the raw data for Indian business schools established prior to 1966. Please note the following:
- While relevant filters regarding roles and domains were applied in the research process, the existence of anomalies is possible. Therefore, there may be a positive or negative variance from the actual figures.
- All possible businesses of the companies have been considered. For instance, numbers under ‘Accenture’ consist of relevant employees at Accenture Strategy, Accenture Technology etc.
- In this report, a higher number does not equal more influence of alumni of specific business schools. The seniority of alumni, quality and diversity of roles play a bigger part. Unfortunately, this cannot be captured with exact accuracy given the paucity of time and subjectivity involved.
Company-Wise Slicing: Alumni Of Top Business Schools As A Percentage Of The Total Number Of Alumni Of Each Company
Cells for companies where %age of total alumni of a B-school ≥ 20% have been highlighted in Blue.
Observations
- As has been the case ever since the inception of the Alumni Report series, IIM Calcutta dominates when it comes to the BFSI sector. With the exception of VC firm Sequoia Capital, IIM Calcutta alumni at some of the top BFSI companies make up at least 1/5th of the total percentage of alumni working there. This is not a shocking trend, given that IIM-C has gained a reputation for being India's 'Finance Campus', with 19% of the most recent graduating batch opting for Finance roles. Similar consistency is also displayed in the alumni numbers for IIM Ahmedabad.
- JBIMS, though not crossing the 20% mark, still does have a decent representation at most of the companies mentioned in this report. XLRI alumni have significant presence at JP Morgan as well as Standard Chartered bank, and along with FMS Delhi, have a fairly decent representation across most of the companies in this report.
- When it comes to alumni representation at multi-lateral organisations such as the World Bank, the alumni of TISS Mumbai come out on top, though the institute has below average representation across other companies. The concentration of NITIE alumni is also fairly low at the companies mentioned in this report. Perhaps due to the specialised nature of the programme offered, Finance companies are not as popular among NITIE alumni as FMCG companies, as is suggested in the 2019 Alumni Report on Consumer Goods. IIFT Delhi alumni are also underrepresented in the mentioned companies.
School-Wise Slicing: Alumni of Top Business Schools As A Percentage Of Overall No. Of Alumni Of Respective B-Schools
Cells for B-schools where %age of alumni at a particular company ≥ 15% have been highlighted in Blue.
Observations
Citibank and Standard Chartered emerge as big recruiters across all the campuses in this cluster. If you're from FMS Delhi, it is likely that you may land up at Citi, Amex or Standard Chartered at some point in your career. If y0u're from JBIMS, switch American Express with JP Morgan. At least 20% of alumni of 6 out of 8 B-schools in this Cluster are present in the top-3 most desirable companies in this report.
An notable observation is the concentration of TISS alumni at the World Bank and Citibank, withn 50% of TISS alumni in this report working at either of the two companies.
Analysis For B-Schools Established After 1966
The table above comprises the raw data for Indian business schools established post-1966. Please note the following:
- While relevant filters regarding roles and domains were applied in the research process, the existence of anomalies is possible. Therefore, there may be a positive or negative variance from the actual figures.
- All possible businesses of the companies have been considered. For instance, numbers under ‘Accenture’ consist of relevant employees at Accenture Strategy, Accenture Technology etc.
- In this report, a higher number does not equal more influence of alumni of specific business schools. The seniority of alumni, quality and diversity of roles play a bigger part. Unfortunately, this cannot be captured with exact accuracy given the paucity of time and subjectivity involved.
Disclaimer – The figures at NMIMS Mumbai may be heavily influenced by the alumni of NMIMS who may have pursued a non-MBA undergraduate degree from NMIMS, though the filters applied during research will minimise such anomalies.
Additionally, it must be noted that IIM Kozhikode figures must be taken with a pinch of salt, considering that due to a technical glitch on LinkedIn, the absolute numbers are likely to be a misrepresentation of the actual figures of IIM-K alumni at these top-15 Finance companies.
Company-Wise Slicing: Alumni Of Top Business Schools As A Percentage Of The Total Number Of Alumni Of Each Company
Cells for companies where %age of total alumni of a B-school ≥ 20% have been highlighted in Blue.
Observations
- NMIMS has a clear advantage in terms of alumni presence, though this can be attributed to the large batch size (the largest across all B-schools in this report), as well as the inclusion of undergraduate degrees.
- IIM Bangalore is the second most dominant B-school in this Cluster, with a significant alumni presence across 14 out of 15 companies in this report. Amongst IIMs in this Cluster, IIM Bangalore appears to be miles ahead of its counter-parts in terms of alumni representation.
- Alumni of SIBM Pune and MICA, new entrants in the Alumni Report series, are not as well represented compared to other B-schools in this cluster, as well as the representation they enjoy when it comes to Consumer Goods companies. A significant percentage of SIBM Pune alumni are, however, present in Credit Suisse.
- All of the other B-schools in this Cluster enjoy equitable representation across the top-15 most desirable Finance companies.
School-Wise Slicing: Alumni of Top Business Schools As A Percentage Of Overall No. Of Alumni Of Respective B-Schools
Cells for B-schools where %age of alumni at a particular company ≥ 15% have been highlighted in Blue.
Observations
- American Express and Citibank emerge as the biggest recruiters of alumni for this Cluster of B-schools.
- After Amex and Citi, JP Morgan is also a significantly large recruiter when it comes to the alumni of B-schools in Cluster 2. Nearly 14% of the total number of alumni in this report are working at JP Morgan, with another 14% working at Citi.
- At least 8 out of the 10 B-schools have 20% of their alumni working at the top-3 most desirable Finance recruiters.
Methodology
B-School & Company Selection
The various ‘top business schools’ in this report have been picked up from the InsideIIM MBA Rankings for 2019. The various companies in this report are the Top-15 companies from our report on the Most Desirable BFSI Companies of 2018/2019.
Cluster-wise Segmentation
In order to ensure that the alumni base of the various business schools are comparable and not vastly different, we segmented the 18 business schools in this report into 2 clusters: Pre-1966 and Post-1966. 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.
The following business schools have been considered for this report:
MICA Ahmedabad and SIBM Pune are new entrants in this series and are two of India’s most desirable business schools with a rich history and a relatively large alumni base, having been established decades ago.
Limitations Of The Report
As mentioned at the beginning, certain limitations of the research process prevent us from arriving at conclusions with pin-point accuracy. Some of the major limitations are:
· Not everyone is on LinkedIn: B-school alumni may not necessarily have registered on LinkedIn, therefore not giving a comprehensive overview of the actual figures of alumni concentration at some of the world’s most well-known and reputed Finance companies.
It is also possible that those on LinkedIn may not necessarily update their profiles, thereby giving erroneous or incomplete employment data.
· Not everyone is a B-school student: Unfortunately, LinkedIn does not allow one to filter out MBA graduates from the crowd, and therefore, it is difficult to distinguish between MBA alumni and those who have pursued a certificate course, those who have pursued a short-term duration programme, or summer interns at the companies mentioned in this report. Additionally, for institutes such as NMIMS Mumbai that offer multiple courses, there are chances of errors in attempting to distinguish between NMIMS alumni who have pursued undergraduate programmes, and those who have pursued a PGDM programme.
How can we improve this report? Please let us know in the comments below. We look forward to your valuable feedback.
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You may also be interested in reading our Recruitment Survey reports to find out which are the most desirable recruiters on B-schools campuses, and in the minds of MBA aspirants as well as MBA graduates.
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