IIM Lucknow - Indian Institute of Management Answered Questions

Yes, the institute has a list of alumni who are successfully running their own Unicorn startups and have raised the entrepreneurship standard with their creative ideas. To name a few, take a look at the below success stories:1. Bombay Shaving Company: A premium personal care and grooming solutions brand was founded by Shantanu Deshpande, who passed out from IIM Lucknow in 2011. Shantanu has pursued an MBA in Strategy from IIM Lucknow. After completing his education he worked for 4 years at McKinsey & Company and after that, he ventured into the world of entrepreneurship.2. Flutrr: It is an inclusive multilingual online dating app which provides a delightful dating experience in one’s language. A new generation of matching algorithms from ancient Indian and Vedic sciences of Astrology and Numerology are followed at Flutrr. The company was founded by Kaushik Banerjee who is designated as co-founder and CEO. Kaushik has pursued MBA in Marketing Operations from IIM Lucknow and has passed out on 1992.Multiple IIM Lucknow alumni have set the stage for the upcoming students to start their own ventures and bring the best to the table.

Famous ranking bodies like QS, Financial Times, and others have featured IIM Lucknow in their list of top 250 colleges. The QS has ranked IIM 201-250 under the WUR Ranking By Subject category and 251-300 under the WUR Ranking By Subject for 2022. The ranking body has also ranked IIM Lucknow 121-130 under the World University Rankings - Masters In Management category for 2023.

IIM Lucknow QS ranking for 2023 is 201-250 under the QS WUR Ranking By Subject category. Internationally it is one of the top-ranked colleges all over the world. This shows that international interest in Indian colleges over time has increased and people are now getting interested in Indian Education. 

The majority of students (37%) placed during IIM Lucknow placements received opportunities in the Consulting domain. The second in the sequence was the Product Management domain with 19% of the students placed.IIML is ranked at 6th position in the NIRF Management ranking 2023. The other closely ranked IIMs that a student might want to compare are IIM Kozhikode, IIM Calcutta and IIM Indore ranked at 3rd, 4th, and 8th position in the NIRF ranking 2023 (Management). For all four IIMs, Consulting emerged as the top preference among the students, with the highest placement rate. Around 33% of IIM Kozhikode students who passed out in 2024 received opportunities in the Consulting domain. For IIM Indore and IIM Calcutta, the placement share in Consulting was 25% and 40.50%, respectively. The detailed domain-wise distribution of IIM Lucknow and other closely ranked IIMs is presented below:DomainIIM LucknowIIM KozhikodeIIM Calcutta*IIM IndoreConsulting37%33%40.50%25%Finance16%28%15%19%General Management12%8%14.30%25%Operations3%6%3%N/AProduct Management19%N/A18.20%N/ASales & Marketing13%10%9%19%*The stats mentioned are for 2023 as the 2024 details are yet to be released.

The institute has released the salary data for PGP & PGP ABM, PGP SM, and IPMX students passing out in 2024. Take a look at the table below to know the Indian Institute of Management Lucknow packages trend for the past three years:ParticularsPlacement Statistics (2022)Placement Statistics (2023)Placement Statistics (2024)Average package- PGP & PGP ABM: INR 31.03 LPA- PGP SM: INR 21.05 LPA- IPMX: INR 24.66 LPA- PGP & PGP ABM: INR 32.20 LPA- PGP SM: INR 30.44 LPA- IPMX: INR 26.47 LPA- PGP & PGP ABM: INR 30 LPA- PGP SM: INR 20.14 LPA- IPMX: INR 25.53 LPAthe highest package- PGP & PGP ABM: INR 61.59 LPA (international)/ INR 58 LPA (domestic)- PGP SM: INR 35.04 LPA- PGP & PGP ABM: INR 65 LPA (international)/ INR 1 crore per annum (domestic)- PGP SM: INR 66 LPA- PGP & PGP ABM: INR 65 LPA (international)/ INR 1.23 crore per annum (domestic)- PGP SM: INR 45.37 LPAMedian package- PGP & PGP ABM: INR 29 LPA - PGP SM: INR 18.60 LPA- IPMX: INR 24 LPA- PGP & PGP ABM: INR 30 LPA- PGP SM: INR 28 LPA- IPMX: INR 26.62 LPA- PGP & PGP ABM: INR 27 LPA- PGP SM: INR 18.05 LPA- IPMX: INR 24.47 LPA

The basic criteria that decide the overall QS Ranking for any college including IIM Lucknow is its Employer Reputation, Academic Reputation, and others. On the basis of these criteria, QS decides a score for the college and ranks it accordingly.

The cost of the IIM Lucknow MBA programme for the 2023–2024 academic year is roughly INR 20–24 Lacs for the whole two years of study. This sum usually covers the cost of tuition, library fees, academic support services, and a few other on-campus amenities. It typically excludes costs that can raise the final cost, such as lodging, meals, personal expenses, and other incidentals. For the most up-to-date and comprehensive fee schedule, prospective candidates may check the official IIM Lucknow website or get in touch with the admissions office. There might also be a number of financial assistance programs and scholarships available to help with these expenses.

Course fees is one of the important parameters to be considered while finalising a college. A comparison of MBA fee at IIM Lucknow and  similarly ranked colleges by NIRF is tabulated below:MBA Institute NameMBA Ranking '23MBA Total Tuition Fee*MBA at IIM Lucknow06INR 7.6 Lacs - INR 12.6 lakhMBA at IIM Indore08INR 17.25 Lacs - INR 35 lakhMBA at IIM Kozhikode03INR 12 Lacs - INR 20.5 lakh*The fee mentioned above is taken from multiple official/unofficial sources, hence is indicative.

The highest packages offered and the NIRF ranking trends for top-ranked IIMs for their flagship MBA (or PGP) programme are presented in the following table:IIM NameMBA the highest PackageManagement - NIRF RankingMBA at IIM KozhikodeINR 67.02 LPA3MBA at IIM CalcuttaINR 1.15 crore per annum4MBA at IIM LucknowINR 1 crore per annum6Compare IIM Kozhikode with other IIMs