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.
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 - 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.
- 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.
As has been the trend since the inception of the Alumni Report series, IIM Calcutta dominates when it comes to the BFSI sector, with significant IIM Calcutta alumni strength at all of the Finance companies listed in this report. Alumni from IIMs Ahmedabad and Calcutta make up the biggest chunk at the top three investment banks - Goldman Sachs, JP Morgan, and Morgan Stanley. XLRI and JBIMS alumni concentration at these banks is also significant, though the data for JBIMS may also include individuals not from a management background. XLRI and JBIMS alumni have significant presence at most of the brands mentioned in the report.
TISS and NITIE - both offering specialized HRM and Operations programs respectively - have a relatively low alumni concentration at the companies mentioned in this report.
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If you're from any of the business schools in this cluster and are inclined towards Finance roles, data suggests that it is likely that you'll end up at HSBC or Citibank down the line after your MBA. As a JBIMS or IIFT graduate, your chances of ending up at JP Morgan are higher than of you working at any of the other companies listed in this report. Notably, 13 percent of the total TISS alumni in this report work at the World Bank.
InsideIIM Alumni Report 2021 - 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.
- 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.
NMIMS has a clear advantage in terms of alumni presence, though this can be attributed to the large batch size (the largest across all B-schools in this report), as well as the inclusion of undergraduate degrees. After NMIMS, IIM Bangalore has the most significant alumni strength at most of the banks listed in this report, especially at the top three investment banks. If you're an ISB graduate, the World Bank is where you'll find a significant number of ISB alumni.
MICA, which offers a highly specialized Marketing program, has little to no presence at all of the banks listed in this report. Relative strength of SIBM alumni is also on the lower side at most of the banks listed in this report.
In terms of absolute overall numbers, JPMC, HSBC and Citibank are the biggest recruiters of alumni from b-schools in this cluster. As an IIM BLKI, ISB, NM, SPJIMR, or MDI graduate, your chances of working at these companies are relatively higher.
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How We Made This Report - Methodology & Limitations
The following methodology was followed while compiling data and creating this Alumni Report.
B-School & Company Selection
The various ‘top business schools’ in this report have been selected based on year of establishment. The various companies in this report are the Top-15 companies from our report on the Most Desirable Finance Firms of 2020/2021.
Cluster-wise Segmentation
In order to ensure that the alumni base of the various business schools is comparable and not vastly different, we segmented the 18 business schools in this report into 2 clusters: Pre-1966 and Post-1966. 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.
The following business schools have been considered for this report:
Limitations Of The 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 BFSI 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.
You may also be interested in reading our Recruitment Survey reports to find out which are the most desirable recruiters on B-schools campuses, and in the minds of MBA aspirants as well as MBA graduates.
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