IIMs & ENTREPRENEURS
The final placement reports released this week from IIM-A saw 518 offers going out to 428 students, once again clocking a growth in total number of offers over the previous years. While the finer details of the audited placement report are awaited, we took a look at the Entrepreneur output from the IIMs over the last 5 years. While many IIMs do not publish the number of candidates opting out of the placement process on grounds of Entrepreneurial pursuits or managing family-owned businesses, the data from the top institutes shows a downward trend in the number of students opting out of the placement process on these grounds.
[ – denotes data not published]
Contrary to popular belief, the absolute number of students opting for entrepreneurship is interestingly low. For example the placement stats from IIM-A say that out of 398 eligible candidates in placement year 2019, only 2 chose to take up the entrepreneur journey, while the number stood at 13 out of 381 in placement year 2014.
In our study of 330 C-Suite & Top Brass executives from over 30 Indian Unicorns, only 8 Founders were from the IIMs. However the total count of IIM Alumni in the C-Suite, excluding the Founders, stands at 42. These 42 are top brass executives holding key positions like CIO, CFO, CBO, CMOs, Directors & VPs in the Unicorns.
The marquee Unicorn founders who are IIM Alumni are:
|Pranay Chulet||Founder and CEO||Quikr||IIM Calcutta|
|Srinivasu MN||CoFounder Director||BillDesk||IIM Ahmedabad, 1990|
|Alok Bansal||Co Founder and Director||PolicyBazaar||IIM Calcutta, 2001|
|Sriharsha M||CEO and CoFounder||Swiggy||IIM Calcutta, 2011|
|Vipul Parekh||Co Founder||BigBasket||IIM Bangalore, 1988|
|Sahil Barua||Co Founder||Delhivery||IIM Bangalore, 2008|
|Bhavesh Manglani||Co Founder||Delhivery||IIM Calcutta, 2008|
|Deepak Garg||Founder and CEO||Rivigo||IIM Lucknow, 2006|
The 50 Top-Brass (including the 8 founders) are Alumni of IIM-A, B, C, K and L, with A,B & C contributing the lion’s share at 41 with IIM-B leading the pack. 4 out of the 8 founders as seen above are alumni of IIM-C.