The non-IIM Top BSchools Alumni Report 2013 – Part One (Locations, companies and functions)

This is the second round of the 2013 Alumni reports. We focus on Top B schools outside the six older IIMs. For coverage of the six older IIMs, read Part One here, Part  Two here and Part Three here.

For Part one, we are focussing on six leading non-IIM B schools: ISB Hyderabad, XLRI, FMS Delhi, SPJIMR, JBIMS and HKUST School of Management (Hong Kong). The methodology is similar to the earlier report, i.e. we are looking at a universe of people who have mentioned these six B schools as part of their ‘Education’ between 1997 and 2013 on their LinkedIn profileThis report focuses on the top locations where they work, top companies where they work and main organizational functions. The time period for the study, 1997 to 2013 – includes 17 batches of the flagship program at these schools. This period has been divided into two nearly equal parts – 1997-2004, and 2005-2013. In case of ISB, we have considered a single continuous time period from 2002 to 2013, which reflects the twelve batches that have graduated since the B school began.

Disclaimers: It is user generated data. There may be fake profiles and we cannot vouch for 100% accuracy. We suggest you look at the general trend. The numbers below include professionals who could have done short courses at the IIMs. The numbers below do not include most Class of 2013 graduates as they have not started work/not updated their LinkedIn profiles yet. There may be a minor instance of double counting at the boundary (2004-2005) because of the way LinkedIn categorizes these alumni, but this is uniform to both data sets, and the trend is not affected as such.

Data and Analysis

ISB (12 batches: 2002-2013)

Top companies

Top locations

Top functions

The analysis : ISB has certainly been a success story in consulting and technology. Look at the number of grads lapped up by the likes of McKinsey, BCG, Google, Microsoft and Amazon, in a short span of 12 years. The performance in banking and FMCG is less impressive. Too much work-experience is probably the culprit. Work-experience doesn’t really help in landing marketing or banking profiles, unless it is extremely relevant, in which case  it will help land you a niche profile. For instance, if you have worked at Infosys for a few years, you would possess a good understanding of the dynamics of an IT firm, and by extension, the IT industry. This, along with an MBA in finance, can help you land a sell-side research profile as an IT sector analyst, or even a buy-side profile with a tech-focused private equity fund. But the number of such job opportunities would be limited.

XLRI Jamshedpur (1997-2004) and (2005-2013)

Top companies

Top locations

Top functions

The analysis: We have not been able to distinguish between BM and PMIR courses. As a result, HR seems to be the most preferred stream for XLRI graduates. Preference for the consults – Deloitte and Ernst and Young, has increased over the years. BCG started hiring from XLRI in 2011, and given the small batch size (which creates a good perception about the quality of the batch), expect XLRI to make some serious inroads into the top consults from now on. It is always debated whether the location of  a B school is important for its prospects. We believe it is extremely important. Look at the number of graduates working with Tata Steel.

FMS Delhi (1997-2004) and (2005-2013)

Top companies

Top locations

Top functions

The analysis: Consulting has grown stronger, but finance has been quite robust. Again, this could be because of location – a lot of strong demand for middle-office banking operations from places like Gurgaon. All in all, a very good mix of names from all fields, although the big boys (strategy consults and front-end I-banks) are missing.

SP JIMR (1997-2004) and (2005-2013)

Top companies

Top locations

Top functions

The analysis:  SPJIMR has made rapid progress on many fronts. More will be shared in the Parts 2 and 3 where data tells us that SPJIMR has a very loyal list companies that recruit year after year.

JBIMS (1997-2004) and (2005-2013)

Top companies

Top Locations

Top functions

The analysis: One look at JBIMS, and you would think the banking recession never came to JBIMS. But then again, we had stated earlier that Indian retail banks and middle-office roles at foreign banks had seen decent hiring, in this report. It is interesting to see the contrast between JBIMS and SP Jain. Both are highly reputed, and both are located in the same city. Both have more or less the same chance of attracting top companies. What could explain the relative lack of overlap between these two B schools? One reason, of course is the alumni effect. Another, is the selection process. SP Jain’s selection process effectively locks you into a particular management stream when you join. This gives you a narrower, more specific list of options where you can join.  We had earlier discovered that SP Jain candidates were the least likely to switch jobs – because of the same reason. At JBIMS, you can freely follow the latest fad.

HKUST MBA  (1997-2004) and (2005-2013) 

Top Companies

Top locations

Top functions

The analysis: When it comes to finance, Hong Kong is to Asia what Mumbai is to India. Unlike rival Singapore, which markets itself as a hub in Asia-Pacific for all types of companies, Hong Kong is an out-and-out financial centre. Probably the third most important place in the world for finance, after London and New York. Those of you who dream about investment banking, Hong Kong is one of the places to be. All the marquee names from investment banking are present. And nearly each one of the top 20 names is a blue chip MBA recruiter. And these are much more likely to be front-end roles (most people in India won’t really fret about front-end and back-end when the job is abroad). Consults have managed to make some headway in 2005-2013 – look at McKinsey, BCG, and the big four (Deloitte, KPMG, PwC and Ernst and Young). It is fitting that we sign off this report with the B school that has the best credentials in the group- ranked in the top ten B schools of the world.

Conclusion: This report shows the impact of  location (XLRI, FMS, JBIMS and HKUST) and selection process (ISB and SP Jain) of a B school on the job prospects of its students. We will be back with more slices of data that will be useful to you.

You may also like to read:

The 6 IIMs alumni report 2013 – Part 1 – Locations, Companies and Functions

The 6 IIMs alumni report 2013 – Part 2 – Stats for FMCG and Technology, E-Commerce and Telecom

The 6 IIMs alumni report 2013 – Part 3 – Stats for banking and consulting

 How many graduates from the batch of 2011 changed jobs within 18 months after MBA

The 6 IIMs alumni reports for 2012 – Part 1Part 2Part 3

The non-IIM Top Business School Alumni reports for 2012 – Part 1Part 2

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MDI should be in this list from the next article. It belongs to the same bracket as some of these colleges and is one of the older institutes. Hence it would also have a strong alumni and give a good insight into career progression. HKUST on the other hand may not be in this list. If so, other Asian schools like NUS, NTU, AIM deserves a place here. Maybe in another set of articles titled Asian B-schools?


HKUST has the best credentials in this group…Wow…Ranked 8th by FT for its MBA…remarkable in just over 20 years!! I think over the years HKUST will build a strong brand name in India too..where it is relatively unknown right now…just give it 2-4 years more…it has leapfrogged NUS and IIM-A. Kudos to the team!


XLRI strength for flagship programs (BM & PMIR) cannot be more than 9 x 240 = 2160 for the years 2005 – 13. Infact even this is on a higher side because XLRI strength used to be only 180 till 2010. So the data & analysis has no relevance. Most of the satellite programmes are counted in the analysis.


Please refer to the above post(crk) and make a separate report for the Flagship 2 year BM & HR course of XLRI.


Would say that it is quite difficult to form a definitive conclusion from the XL data set. For instance the number of alums in the 97-04 data set is close to 2.5 times the numbers graduated from the flag ship programs (60 BM and 60 IR). The TATA STEEL phenomenon could be due to the fact that XL used to run an evening program for TATA employees, a small proportion of whom perhaps have linkedin profiles. If one were to form some conclusion, the 97-04 is a better data set. Even otherwise one can definitely say this – a very high (perhaps 100) percentage of xlers in banks, consults, fmcg's come from the flagship programs. A great exercise by the insideiim folks but it also goes on to prove that raw data is deceptive..

CAT aspirant

They are all good B schools , but definately not top 10 … if you are going to feature top 10 B schools on your site …then somebody has to be 11th ….MDI,IIFT may come slightly close to SP jain,JB…bt the others definitely are not in the same league.

Prof Chowdari Prasad

Hoping to see in the next round about the list of TAPMI alumni. Please note that TAPMI Manipal commenced its PGDM program in 1984 and some of its alumni have reached very senior positions in the industry. TAPMI is one of the two B-Schools in the country to have been accredited by AACSB International, USA, graded at A*** at State and national level by CRISIL for two successive years and ranked among the top management institutes.


Seriously, TAPMI? LOL.
People are here talking about MDI,NITIE, IIFT, NMIMS, SIBM-P and you want TAPMI? Is it even in top 50?


@BDC and @Engineering+MBA – Prof. Chowdari Prasad is a respected faculty at TAPMI. You can disagree with him but you could be a little more respectful. You were probably not even born when Prof.Chowdari began his teaching career.

Final warning to all. Please be respectful of others on this thread. In any case, the option for anonymity will not be available from May 15th.