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AMERICA'S TOP TALENT INCUBATORS ARE ORGANIZATIONS WHERE PEOPLE WANT TO STAY

Published Jan 18, 2024 at 11:46 AM EST Updated Jan 19, 2024 at 7:27 AM EST


00:46
What Are Digital Nomad Jobs? List Of The Best Jobs
By Sarah Abbott and Boris Groysberg

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Organizations like GE, IBM, and Procter & Gamble (P&G) have long been touted as
the classic "academy companies." Academy companies produce first-rate executives
who populate their own senior ranks and also go on to lead other companies. We
wondered if academy companies continue to play a role in today's markets. Do
they still exist? Do they matter? Have the names changed?


Google's Bay View campus in Mountain View, California on June 27, 2022. Google's
Bay View campus in Mountain View, California on June 27, 2022. NOAH BERGER/AFP
via Getty Images


In partnership with The Official Board, our team surveyed 853 executives and
interviewed executive search consultants to better understand today's academy
companies. We asked executives to list the top three academy companies in their
function, industry, and country. (Executives weighed on the academy companies
operating in their country, rather than just those companies headquartered in
their country.) Looking across all three lists, the most mentioned companies
were: McKinsey, Google, Microsoft, Unilever, and P&G. (See this piece for a full
list of the top 25 mentioned companies.)

The top vote getters for each category are listed below. While the classic
academy companies still make the list, they are not as prevalent as some other
companies. Strategic consultants, global accounting firms, and CPG companies
loom large. The largest companies globally had a strong showing in the survey.
(Four of the five largest companies by market cap (Amazon, Apple, Google, and
Microsoft) appear in multiple lists.)

When asked what defines an academy company, respondents highlighted a range of
people management practices including: general training; succession planning;
leadership development; mentoring; and rotation programs. But they also focused
on more general company attributes such as innovation, values, investment in
R&D, compliance, and company image. And numerous respondents stressed that an
academy company is somewhere that people want to work. As one executive summed
up, "Academy implies learning and learning needs time, even for talented
individuals. This can only be achieved in an organization in which people want
to stay."


Consulting firm McKinsey is one of the leading Talent Incubators Consulting firm
McKinsey is one of the leading Talent Incubators LIONEL BONAVENTURE/AFP via
Getty Images

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Note: Numbering below reflects the fact that the survey produced many ties, with
multiple companies getting the same number of votes.


TOP ACADEMY COMPANIES BY FUNCTION

TechnicalPeopleFinanceManagementBoardCorporateMarket1 Apple1 Google1 PWC1
McKinsey1 McKinsey1 Google1 Google2 Amazon2 Microsoft2 Deloitte2 Google2 GE2
AmazonP&GGoogle3 GEGoldman3 GE3 GoogleAppleUnileverMicrosoft4 Unilever4 E&Y4
P&G4 P&GPepsiCo4 Amazon5 McKinsey5 AmazonJP Morgan5 Amazon5 GoldmanPWC5
McKinseyAppleMicrosoftTeslaTata GroupUnilever

Note: In the Corporate function, no company beyond the top 6 garnered more than
a single vote.


TOP ACADEMY COMPANIES BY INDUSTRY

Cons. GoodsManufacturingServiceTechnologyTransportFinanceHealth Care1 Unilever1
Bosch1 McKinsey1 Microsoft1 DHL1 Citibank1 Pfizer2 Nestle2 Shell2 Deloitte2
AccentureDSV2 Goldman2 NovartisP&G3 BHP3 Amazon3 VodafoneLufthansa3 JP Morgan3
J&J4 L'OrealSiemensBCG4 Google4 DB Schenker4 Swiss Re4 Genentech5 Danone5 Rio
Tinto5 Accenture5 IBMDelta Airlines5 Allianz5
AmgenPepsiCoKuehne&NagelRocheShellUPS

Note: Includes only industries with more than 50 responses. In the
Transportation industry, no company beyond the top 8 garnered more than a single
vote.




TOP ACADEMY COMPANIES BY COUNTRY / REGION

North AmericaLatin AmericaEurope, Middle East, AfricaAsia - Pacific1 Microsoft1
AB InBev1 Nestle1 Unilever2 GoogleCemexMcKinsey2 Tata Group3 Apple3 Accenture3
P&G3 ICICI Bank4 McKinseyE&YUnileverInfosys5 NaturaNatura4 LVMH5 BHPVale5
BMWDeloitteSiemensGoogle


The Visitor's Center at Microsoft Headquarters campus in Redmond, Washington.
The Visitor's Center at Microsoft Headquarters campus in Redmond, Washington.
Stephen Brashear/Getty Images

For more detail on this survey, see Boris Groysberg and Sarah L. Abbott. "Talent
Incubator Rankings." Harvard Business School Background Note 424-038, November
2023. (Revised December 2023.)





UNCOMMON KNOWLEDGE

Newsweek is committed to challenging conventional wisdom and finding connections
in the search for common ground.

Newsweek is committed to challenging conventional wisdom and finding connections
in the search for common ground.


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ABOUT THE WRITER

Sarah Abbott and Boris Groysberg








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