Decision making Frameworks

Simplifying the selection, among variedly positioned consulting companies

coming to IIMA, for students as per their willingness
Framework 1: Time series expectation tracker 2

Big A
» The framework aims at comparing different
100
companies by projecting the expectations
about key job linked parameters at various 75
time spaced intervals going forward. 50

» Indicative list of parameters 25

» Salary 0
» Work life balance 0 2 4 6 8 10 12
» Fun No. of years in the job
» Responsibility
Salary
Work life balance
Fun
Responsibility
Framework 1: Time series expectation tracker 3

Big A Big B Boutique C

100 100 100
75 75 75
50 50 50
25 25 25
0 0 0
0 2 4 6 8 10 12 0 2 4 6 8 10 12 0 2 4 6 8 10 12
No. of years in the job No. of years in the job No. of years in the job

» This provides comparison of future prospects on the lines of identified key variables across companies
» E.g.- If candidate seeks reasonably high work life balance over salary after 6 years he might choose
Boutique B rather than Big A
Framework 2: Expectation increase based on learning Delta 4

» The framework aims at representing changing expectations and resultant choice among companies
through their MBA journey

Consulting companies
120
100
80
60
40
20
0
Big A Big B Big C Boutique Boutique
D E
Framework 2: Expectation increase based on learning Delta 5

» The expectations change as per different events on campus and so does the companies that they
apply or they put maximum effort towards during internship and final placements

Consulting companies
120
100
80
60
40
20
0
Big A Big B Big C Boutique Boutique
D E
Framework 3: Step wise Elimination 6

All consulting companies (21)

» The students applications to a company

depend on the various criteria based on
which they filter the company
Brand
» They tend to follow a step by step process (6)
for filtering the total number of companies
that come for recruitment
» Criteria could vary in choice, order and may
Culture
(3)
run in multiple more layers based on
candidates preferences
Growth
(2)
Final consideration set (10)
Framework 3: Step wise Elimination 7

All consulting companies (21)

» Some other relevant criteria could be:

» Work life balance
» Learning
Brand
» Mobility (International vs regional, (6)
relocation options)
» Industry expanse (customer profile)
» Work culture Culture
» Flexibility (3)
» Salary
» Exit options
» Mentorship received Growth
(2)
Final consideration set (10)
Framework 4: Simultaneous multi-factor comparison 8

100%

» As some candidates become confused

80%

about relative performance of companies

60%
on a single factor the model alongside gives
a clear perspective about the companies
40%
focus on multiple factors and inherent trade
offs therein
20%
» The information can be populated from
sources like peer feedback, secondary 0%
research, placement presentations Big A Big B Big C Boutique Boutique
D E
Salary Mobility
Growth trajectory Industry expanse
Brand name Culture
Framework 5: Spider Web comparison 9

Salary
Brand name Industry Expanse

»
Networking potential Global ranking
Another way to get combined perspective of
multiple relevant factors is the use of
Growth options Mobility…
framework alongside
» The same shall help students decide the
Learning Exit options
relevant company as per their own
willingness/preference towards factors Mentorship Work culture
Flexibility

Big A Big B Big C Boutique D Boutique E