It appears that Google is starting to prepare for the inevitable acceleration of pre-IPO employee departures and exodus as it has posted the role of Alumni Relations Program Manager. UPDATE: While I at first thought this was creating an employee alumni program from my quick read, it’s actually to create relationships with university alumni programs.
Many strategy consulting organizations with outstanding reputations have alumni relations programs including: McKinsey & Company, Booz Allen Hamilton, Boston Consulting Group (BCG), A.T. Kearney, Bain & Company, Katzenbach, ZS Associates, Marakon Associates, L.E.K. Consulting, The Parthenon Group, Oliver Wyman, Kurt Salmon Associates and Monitor. If it is n longer hyperlinked it mean the consulting firm changed the URL without a 301 redirect.
Some investment banking and institutional money managers have started to follow this trend of starting alumni relations groups that the consulting companies started such as: Goldman Sachs and Lehman Brothers. I’d be delighted if BlackRock joined this elite financial services thought leader club creating alumni networks shortly as I’d love to reconnect with many of my former BlackRock, reconnect with them, form and fund entrepreneurial ventures with them. There is amazing value that can be created for everyone that puts a common social network experience in the center of the conversation.
In all of those companies there is a diversified portfolio of services and business development that can be created from these interactions that is good for the company. In Google’s case, I’m struggling to see what value can immediately be created beyond selling Adwords to alumni’s new companies and facilitating funding or acquiring start up companies via Google’s corporate development department.
One thing is clear, Google is planning for a future that includes more former Googlers who have moved onward!
UPDATE: One word changes ALOT of meaning. I neglected to notice the word university. Apologies.
Ironically this makes this role even more unique. As I’m unaware of any companies that partner directly with either of my university alumni programs in this manner. Makes you wonder if they have plans to offer a service offering to this sector.