What is the Most Powerful Corporate Alumni Network?
Companies are increasingly building alumni networks, enabling former employees to stay connected. These networks offer powerful benefits, not only for the employees but for the companies themselves, such as improving the quality of new talent and building stronger strategic partnerships.
So in this new type of corporate community, which company has the most powerful alumni network?
In the figure below, we see the share of former employees that later held senior positions at other companies. Unsurprisingly, companies that adopted alumni programs appear to have strong alumni networks among leadership.
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Since consulting companies are particularly invested in their alumni networks, below are the transitions from the “Big Four” to senior management in other companies.
- McKinsey is leading the pack in the strength of its alumni network and the breadth of coverage in employment for former employees.
- Despite recent efforts, Microsoft and Google fall behind consulting firms in the strength of their alumni networks.
- For former employees of the Big Four, the leading destinations in senior management are Citi, JP Morgan, and Microsoft.