This is the
fourth edition of the annual Alumni Report on InsideIIM.com. This is part 1 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 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.
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 :
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 has 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.
The analysis done below gives a detailed look into:
- Company wise slicing of Alumni across Pre-1966 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.
The above table strikingly shows the dominance of IIM Ahmedabad and IIM Calcutta when it comes to consulting sector when compared to its other 6 peers. The big 4 consulting firms clearly have a preference for IIM Ahmedabad and IIM Calcutta.
Only in certain companies like Accenture, Deloitte, EY, PwC, KPMG, IBM and Capgemini, there is a more equitable distribution of alumni.
IIM Ahmedabad dominates all the other 7 b-schools in this list when it comes to recruitment at BCG, Bain & Co. and Oliver Wyman. IIM Calcutta has more than 20% of the alumni from this set for almost all top consulting firms in India.
% of Alumni in each School from each of the 8 Top Schools established prior to 1966
The above table shows the percentage of alumni from a particular b-school spread across select top companies in this sector.
Accenture is a big recruiter across all the campuses.
As compared to same data last year, it seems Deloitte has added more number of alumni from FMS and TISS. The same applies to IBM as well - there is an increase in the JBIMS alumni.
These stats above help you get an indirect picture of your chances of being at a particular company after graduating from a given campus. For e.g. a deserving consulting aspirant at IIM A has a higher chance of being at BCG as compared to others given that 15% of all consulting alumni at IIM A are at BCG among these companies and that over 50% of all BCG alumni are from IIM A when this set of schools is considered.
The Post 1966 Top Business Schools
Given below is the raw data from LinkedIn for the 8 Schools in this cluster of schools established post the year 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 has 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.
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.
The analysis done below gives a detailed look into:
- Company wise slicing of Alumni across Pre-1966 B-Schools.
- Cumulative percentage of alumni working in different companies.
% of Alumni in each Company from each of the 8 Top Schools established post-1966
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, as we point out every year it is ISB Hyderabad that has really created a name for itself. A school that started less than 20 years back has higher absolute number of alumni in top consulting firms like BCG, Mckinsey etc. when compared to all other schools (even those established pre 1966). In the consulting domain, ISB is probably the best school in the country.
We can infer from the above data that IIM Bangalore, IIM Lucknow and ISB Hyderabad are most preferred campuses for consulting recruiters from the 8 campuses established post 1966.
% of Alumni from each School in the Top Consulting Companies
We see again that Accenture dominates the consulting alumni pools for all schools even in this cluster. The large numbers in which Accenture recruits is the primary reason.
A high percentage of alumni from MDI works at KPMG apart from Accenture.
Deloitte/IBM/Accenture form a significant part of IIM I and IIM K's alumni base.
SPJIMR has decent number of Mckinsey & Co. alumni - there is a fair amount of SPJIMR alumni who have been hired in the operation practice from SPJIMR. NMIMS has a lot of alumni who have moved laterally to Mckinsey.
(You can find the previous year's reports
here)
