The non-IIM top MBA Alumni Report Part Three (Banking and Consulting)

We are on to the third and final part of the non-IIM top MBA Alumni report for 2014. Read the first part (locations, companies and functions) and the second part (FMCG, Tech, Telecom, E-Commerce) . For coverage of the six older IIMs, read Part One herePart  Two here and Part Three here. View the Tableau Visualizations here and here. Please give us feedback on the display formats – let us know (use the comments section) whether you like the Tableau Visualizations better or whether you like the plain table format better.

We are focussing on eight leading non-IIM B schools: ISB Hyderabad, XLRI, FMS Delhi, SPJIMR, JBIMS, MDI, NITIE and IIFT. The methodology is similar to the earlier report, i.e. we are looking at a universe of people who have mentioned these eight B schools as part of their ‘Education’ between 1997 and 2014 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 2014 – includes 18 batches of the flagship program at these schools. This period has been divided into two equal parts – 1997-2005, and 2006-2014. In case of ISB, we have considered a single continuous time period from 2002 to 2014, which reflects the thirteen 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. 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.

 Banking and finance

A basic understanding of the trends in banking and finance can be obtained by reading some of our earlier articles in the series (starting here). In this section, we just present the brief insights:

–   ISB’s performance in Banking is less impressive than its performance in consulting, however, it does have some decent penetration in HSBC, Citibank, and specially in Credit Suisse.

–  XLRI has respectable numbers in all top companies – though you must remember that XLRI’s data includes both the Business Management and the PMIR courses, and therefore may be slightly skewed.

–  FMS is also consistent across the board, and has especially large numbers in Citibank and Standard Chartered. Given that some of XLRI’s numbers are from non-core banking functions, FMS’ performance is comparatively very strong, in fact it may have the best numbers in the lot.

–  SPJIMR has strong relationships with certain specific companies, rather than being strong across the board – it shines at Citibank, Credit Suisse and Nomura.

–   IIFT doesn’t appear to be a particularly finance-focussed campus. Only HSBC has decent numbers here. Ditto for NITIE. After all, these two institutes have a positioning – foreign trade and operations management respectively.

–   JBIMS – with its Mumbai base, has traditionally been strong in finance. It has impressive numbers everywhere (esp Morgan Stanley) except American Express and Goldman Sachs.

–   MDI Gurgaon alumni have also succumbed to the lure of the finance MBA – but their distribution across B schools is quite skewed, indicating that a few recruiters make a large number of offers.



Not many B schools in this set have made inroads into Bain & Co, AT Kearney, AD Little, Oliver Wyman and Alvarez & Marsal. The trends in consulting are summarized below

–   ISB is definitely a great success story in consulting. Look at the kind of numbers it has racked up in a short time span. 85 alumni in McKinsey – far outstrips any other campus in this dataset. Among the big four Deloitte and EY hire more than KPMG and PwC.

–   XLRI (again, larger dataset) nearly matches ISB in presence at BCG, but falls behind when it comes to McKinsey. Its presence at the big four consults (KPMG, PwC, EY and Deloitte) is quite impressive.

–   FMS has just started making inroads into BCG. It has a decent presence at Accenture and the Big Four (except PwC).

–   SPJIMR seems to mainly favour the Big Four along with IBM, and Accenture. It has an impressive presence in McKinsey.

–   IIFT does have a few outposts in some of the Big Consults (McKinsey and BCG), but its presence in the Big Four is quite weak. Accenture and IBM seem to be the most common options.

–  JBIMS is not a particularly consulting-focussed campus. Frankly we expected a greater presence in McKinsey – it is generally believed that JBIMS students have the upper hand in the McKinsey batch day process that happens across some leading B schools. Noshir Kaka, MD at McKinsey India, is a JBIMS alumnus.

–   MDI has an impressive presence in McKinsey. It too has outposts in some of the most prestigious consults, and its presence in the Big Four is decent (except PwC).

–   NITIE with its focus on operations management – has its best presence in Accenture and IBM Process Consulting.


Read the first part of the 2014 Alumni report for top non-IIM B schools here (Locations, Companies and Functions)

Read the second part of the 2014 Alumni report for top non-IIM B schools here (FMCG, Tech, Telecom, E-Commerce)

Read the first part of the 2014 Alumni report for the Six IIMs here (Locations, Companies and Functions)

Read the second part of the 2014 Alumni report for the Six IIMs here (Top companies in FMCG, Tech, E-commerce and Telecom)

Read the third part of the 2014 Alumni report for the Six IIMs here (Top companies in banking and consulting)

View the Tableau visualizations for Banking and Consulting for the Six IIMs here (The Six IIM Alumni Report – Visualized)

View the Tableau visualizations for locations, FMCG, Tech, Telecom and E-Commerce here (The Six IIM Alumni Report – Visualized – Locations, FMCG, Tech, Telecom, E-Commerce)

Read the entire series for 2013 and 2012 here.


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