IIM Lucknow - Indian Institute of Management Answered Questions

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 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 overall QS Ranking for any college, including IIM Lucknow, is decided based on Academic Reputation, Employer Reputation, etc. These parameters are taken into consideration to decide 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

IIM Indore has been ranked 8th under the management category by NIRF for the year 2023, whereas IIM Lucknow has been ranked 6th by NIRF in the same category. IIM Indore takes pride as it's students get 100 percent placement for the years 2022-2024, the same is for IIM Lucknow as well. The highest package for MBA offered at IIM Indore is INR 100 lacs per annum, followed by the average package at INR 28 lacs per annum approximately. The same for IIM Lucknow is INR 1.23 crores per annum and INR 30 lacs per annum respectively. Both the institutes are good, but if you want to know which one is slightly better, It is IIM Lucknow. To know more about the institute, candidates can refer to the official website or Shiksha.

To be eligible for the MBA programme at IIM Lucknow, candidates must meet the following criteria:Hold a Bachelor's degree from a recognised institution in any field with a minimum of 50% aggregate score (45% for SC, ST or PwD categories)The Bachelor's degree must be of at least 3 years durationFinal-year students are also eligible to apply, provided they complete their final semester exams and fulfil the eligibility criteria by June 30, 2024Appear for the CAT 2023 examFor the MBA-SM program, candidates must have a minimum of 24 months of work experience after graduationCandidates will be shortlisted for the Writing Ability Test (WAT) and Personal Interview (PI) based on their CAT 2023 score, previous academic performance, and other criteria like work experience, academic discipline, and gender diversity.