Banking And Finance – Alumni Report 2017

This is the fifth edition of the annual Alumni Report on InsideIIM.com. This is part 2 of this year’s series.

To check out the first part on Consumer Goods, please click here.

To check out last year’s report on Banking and Finance, please click here.

To check out last year’s edition, please click here.

In this Annual Report, we research, record, and assess the distribution of alumni from top 16 b-schools in India across some of the dream companies across sectors – Consumer Goods, Banking & Finance, E-Commerce and Technology, and Consulting. We will look at absolute numbers of alumni in each company and compare percentages of alumni in 2 ways –

  1. Which school has the highest representation of a company among its ‘peers’ and
  2. 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 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 into two clusters – Cluster 1 – Pre-1966 and Cluster 2 – Post-1966 – having 8 schools in each cluster.

The table summarises these clusters with the year of establishment

cluster-1

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 a separate story if 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.

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.

 

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.

 

% 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.

Key Takeaways:

  1. All companies, except Kotak and SBI, seem to favour the ‘Gems of Joka’. IIM Calcutta, yet again, proves its supremacy in this sector.
  2. Next preferred campus for this sector is IIM Ahmedabad. 13 recruiters out of 25 have a significant proportion of alumni (Above 20%) from IIM A among these 8 schools. The top recruiter here is Goldman Sachs followed by Standard Chartered.
  3. JBIMS having a specialised MSc course in Finance may have helped increase the alumni base in this sector. Considering the fact that JBIMS has intake of only 120 students for the MMS course every year, it s very well represented in this sector.
  4. TISS, owing to the fact that it is mainly known for it’s HRM course, is represented the least when it comes to this sector.

% of Total Alumni from each of the 8 Top Schools established prior to 1966 – in each company

 

In the above table, wherever the percentage of total alumni from a b-school in a particular company crosses 10%, it has been marked in Red.

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.

Key Takeaways:

  1. ICICI Bank and Citi Bank continue to remain big recruiters across most of the campuses. (Similar to last year, check here)
  2. FMS enjoys a strong concentration (35%) in 3 companies – Standard Chartered, HSBC and Citibank.
  3. NITIE has a strong concentration (45%) in 3 companies – Citi Bank, ICICI, and Yes Bank.
  4. The most preferred b-school in this sector, IIM C and the top recruiter, ICICI bank, have a strong affinity towards each other. The maximum number of alumni from IIM C is placed in ICICI bank. Isn’t it a match made in heaven?

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 the 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.

Given below is the raw data from LinkedIn for the 8 Schools in this cluster of schools established post 1966

 

% of Alumni in each Company from each of the 8 Top Schools established post 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.

 

Key Takeaways:

  1. Like last year and the years before that, NMIMS remains a preferred campus for banking and finance sector. Batch Size and the presence of Undergrad Degree Courses may be the cause for advantage here.
  2. Next preferred campus is IIM Bangalore where Goldman Sachs is the top recruiter followed by HSBC Bank.
  3. MDI Gurgaon is a preferred campus for ICICI Bank, and American Express.
  4. IIM B (33%) and IIM L(27%) are alma maters to 60% of the employees at Altisource.

 

% of Total Alumni from each of the 8 Top Schools established prior to 1966 – in each company

In the above table, wherever the percentage of total alumni from a b-school in a particular company crosses 10%, it has been marked in Red.

 

Key Takeaways:

  1. ICICI Bank and HSBC continue to maintain a good show at most of the campuses.
  2. ICICI Bank is the top recruiter across 5 schools – IIM Indore, IIM Kozhikode, IIM Lucknow, MDI, and NMIMS. Last year, the top recruiter was HSBC.
  3. A sizable portion of alumni base of SPJIMR  (30%) is placed in Citi Bank, HSBC, and Standard Chartered.

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