Amongst top Consulting firms, which are the ones that MBA grads from top colleges work at? What percentage of IIM ABCLIK, FMS, ISB and XLRI alumni work with the MBB firms? In the Alumni Report series, we attempt to track where MBA grads from top Indian business schools end up in their careers, analysing trends to get broad yet valuable insight into company preferences. Here is a detailed breakdown of latest available LinkedIn data on where IIM alumni are currently working.
What Is The Alumni Report? What Data Is It Based On?
The Alumni Report series, which first began in 2012, is an analysis of the concentration of alumni of top b-schools at India's most desirable companies to work with, as per MBA students and graduates. This series aims to answer the all-important question - where are MBA graduates from top b-schools working now? For current MBA students, this report aims to provide an estimate of which top companies have the highest concentration of their respective institutes' alumni.
The Alumni Reports are based on secondary research involving the collection of publicly available data on LinkedIn. Given that this method of data collection has its limitations, the data provided is best interpreted as an estimate. It is advised that the reader interpret the tables below cautiously.
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What Are The Contents of This Report?
This report has been split into two clusters based on the years in which the top b-schools considered for this report were established. The rationale behind such as a selection criterion is to ensure that the alumni base is strong and comparable for the b-schools under comparison. For a more detailed explanation, please refer to the section titled 'Methodology' in this report.
The report has been further split into two sub-clusters for each of the two primary clusters. These two sub-clusters are:
- Company-wise Slicing, i.e., the percentage of alumni of all b-schools at a particular company (view row-wise).
- B-School wise Slicing, i.e., the percentage of alumni of a particular b-school at all companies (view column-wise).
InsideIIM Alumni Report 2022 - Analysis For Business Schools Established Pre-1966
The table above contains the raw data for Indian b-schools established before 1966. Please note the following:
- Relevant filters have been applied in the research process. However, the existence of anomalies is also quite possible. So, there can be a positive or negative variance from the actual figures.
- All possible businesses of the companies have been considered. For instance, numbers under ‘Deloitte’ consist of relevant employees at Deloitte India, Deloitte Consulting, Deloitte (Offices of the US), etc.
- In this report, a higher number does not equal more influence on 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 subjectivity involved.
IIM Ahmedabad and IIM Calcutta alumni make up the bulk of MBA grads at top Consulting firms in India. At the MBB firms,72% of Consultants IIM A or IIM C grads. At the Big 4, alumni of these institutes make up 42% of MBA grads from top Indian business schools. XLers make up 20% of employees at Accenture, Deloitte and EY - firms with most MBA grads in this cluster.
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The heatmap above suggests that if you graduate from any of the listed business schools in this cluster and step into a Consulting role, your chances of ending up at Accenture and Deloitte are very high. Alumni concentration is also relatively high at EY, PwC and Capgemini. Firms with the lowest numbers include TSMG, Strategy&, Oliver Wyman, and ZS Associates, with alumni accounting for less than 2% of the bulk.
InsideIIM Alumni Report 2022 - Analysis For Business Schools Established Post-1966
The table above comprises the raw data for Indian business schools established post-1966. Please note the following:
- Relevant filters have been applied in the research process. However, the existence of anomalies is also quite possible. So, there can be a positive or negative variance from the actual figures.
- All possible businesses of the companies have been considered. For instance, numbers under ‘Deloitte’ consist of relevant employees at Deloitte India, Deloitte Consulting, Deloitte (Offices of the US), etc.
- In this report, a higher number does not equal more influence on 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.
- 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 the research will minimise such anomalies.
- The data for IIM Kozhikode are to be treated with caution, given previous technical glitches resulting in incorrect mapping IIM K alumni on LinkedIn.
IIM B and ISB dominate the heatmap of alumni concentration the listed firms. The combined strength of alumni of these b-schools (excluding NMIMS data) is a whopping 40%. IIM B and ISB alumni concentration at the MBB firms is a massive 50% - 1 out of 2 MBB consultants (in this cluster) belong to either IIM Bangalore or ISB.
MICA and SIBM Pune - where consulting is not even amongst the top three domains for the graduating batches - have the least representation at the listed Consulting firms. SPJIMR alumni concentration at the listed firms is also notably less.
Alumni concentration in this cluster is highest at Accenture, Deloitte and EY, with PwC and KPGM completing the top-five.
Limitations Of This Report
As mentioned at the beginning, certain limitations of the research process prevent us from arriving at conclusions with pinpoint 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 Consulting firms. 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 program, 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 programs, and those who have pursued a PGDM program.
How can we improve this report? Please let us know in the comments below. We look forward to your valuable feedback.