This is the
fourth edition of the annual Alumni Report on InsideIIM.com. This is part 3 of this year's series.
This is that time of the year where we take stock of the distribution of alumni from 16 Top Business Schools in India across some of the most desirable companies in India. Following the format set by the student team last year (this year's student team will be announced in June), the series will cover 4 sectors - Banking and Finance, Consulting, Tech & E-Commerce and Consumer Goods. We will look at absolute numbers of alumni in each company and compare percentages of alumni in 2 ways - which school has highest representation in a company among its 'peers' and which company has the highest percentage of alumni for a given business school. (Peers are defined based on the year of establishment of the business school. More details below.)
Why do we create this report every year?
1) To help potential aspirants know about a business school's reputation in the corporate world - alumni stats are a good indicator - both number as well as diversity is important
2) It helps current students and alumni get an overall picture of their own alumni and facilitates more targeted networking
Creation of 2 Business School Clusters - Pre 1966 and Post 1966
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 consideration. 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.
We understand that a lot of good business schools may have been left out but it is not possible for us to do this for every school yet. We encourage you to add alumni stats of your school in separate story is you think there is enough interesting and insightful data.
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 covers all businesses under Banking & Finance - For e.g. corporate banking, investment banking, financial services etc.
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.
Limitations of the report :
1) No filtration has been done for job profile and hence it represents every function from Investment Banking to Technology to HR to operations. The salaries of those in different functions in the same bank are different - For e.g. Someone in Banking operations at Citibank is paid differently from someone who is a relationship manager. Unfortunately, that cannot be accurately gauged from LinkedIn data.
2) All the possible businesses of a company have been considered. For eg. Barclays includes Barclays Investment Bank, Barclays Wealth and Investment and Barclays Corporate Banking.
3) Prima facie, it may seem that a larger number of alumni determines the strength of the B-School. However, the quality of roles offered plays an extremely important part in understanding placements and the quality of the alum base of the respective B-School. For e.g. There is a substantial difference between working in a front-end investment banking role and working in a KPO. These points are not illustrated in these reports owing to the subjectivity involved.
The analysis done below gives a detailed look into:
- Company wise slicing of Alumni across Category 1 B-Schools.
- Cumulative percentage of alumni working in different companies.
% of Alumni in each Company from each of the 8 Top Schools established prior to 1966
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. IIM Calcutta proves it's supremacy again and continues the trend of being the most coveted campus for this sector. Except for Kotak and SBI, all the other companies prefer the "Gems of Joka" more over other campus students. In certain companies like UBS, Edelweiss, Bank of America, American Express and Altisource at least 2 in 5 people are from IIM C.
The next preferred destination for recruiters in this batch is IIM Ahmedabad. 13 recruiters out of 25 have a significant proportion of alumni (Above 20%) from IIM A when these 8 schools are considered. The top recruiter of this sector is ICICI Bank followed by CitiBank, Standard Chartered, HSBC and Axis Bank.
JBIMS has a disproportionately high number of alumni in this sector despite having churned out only 120 odd students each year - Bombay as the financial capital has clearly helped. FMS has a very good representation at Avendus Capital. XLRI has a good absolute number of alumni across banks both in HR and the core business.
% of Total Alumni from each of the 8 Top Schools established prior to 1966 – in each company
Note: The above table considers the distribution of alumni from each school across companies. The alum base differs across campuses owing to various reasons like Year of Inception, Admission Policies etc. Hence it is not appropriate to compare percentages across B-Schools.
ICICI Bank and Citi Bank continue to remain big recruiters across most of the campuses. In case of FMS Delhi, more than 40% of the alum base has been distributed amongst CitiBank, HSBC, ICICI and Standard Chartered. A majority of the alum base at JBIMS is stationed at HDFC Bank preceded only by the top recruiter - ICICI Bank.
The Post 1966 Top Business Schools
Limitations:
1) No filtration has been done for job profile and hence it represents every function from Investment Banking to Technology to HR.
2) All the possible businesses of a company have been considered. For eg. Barclays includes Barclays Investment Bank, Barclays Wealth and Investment and Barclays Corporate Banking.
3) Prima facie, it may seem that a larger number of alumni determines the strength of the B-School. However, the quality of roles offered play an extremely important part in understanding placements and the quality of the alum base of the respective B-School. For eg. There is a substantial difference between working in a front-end investment banking role and working in a KPO. These points are not illustrated in these reports owing to subjectivity involved.
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.
% of Alumni in each Company from each of the 8 Top Schools established prior to 1966
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.
NMIMS continues to be a preferred campus for most of the recruiters this season. The high percentages reported above are attributable more due to the high reporting of data from NMIMS alumni which includes undergrad courses - BBA, B.Com Hons, Bsc. Economics. MDI Gurgaon continues to be a preferred campus for American Express.
IIM B (22%) and NMIMS(44%) is alma mater to 66% of the employees at Kotak.
% of Total Alumni from each of the 8 Top Schools established prior to 1966 – in each company
ICICI Bank and HSBC continue to maintain a good show at most of the campuses. HSBC is the top recruiter across 5 schools - IIM B, IIM K, IIM L, ISB and SPJIMR. A higher percentage of alumni from IIM I, NMIMS and MDI Gurgaon are stationed at ICICI Bank.
For previous reports, please click
here.
