The Indian Institute of Management Lucknow (IIM Lucknow), established in 1984, is one of the premier management schools in India. It offers world-class education and has consistently ranked among the top business schools in the country. The institute has nurtured countless leaders across various sectors, making it a dream destination for MBA aspirants.
This article delves into the details of courses, fees, placements, and admission procedures at IIM Lucknow for the 2024 academic year, providing a comprehensive guide for prospective students.
- Overview of IIM Lucknow
IIM Lucknow is known for its academic rigor, high-quality faculty, and emphasis on research. It offers a diverse range of programs, from flagship MBA courses to executive education, and boasts a strong alumni network.
Vision and Mission
The mission of IIM Lucknow is to create value-driven leaders with global competencies. The institute aims to foster leadership qualities, innovation, and entrepreneurship through education and research.
- Courses Offered at IIM Lucknow
2.1 Post Graduate Program in Management (PGPM)
This is the flagship two-year full-time program at IIM Lucknow, designed to equip students with managerial skills. The program covers a broad range of management disciplines and focuses on practical learning through case studies, projects, and internships.
Duration: 2 Years
Eligibility: Bachelor’s degree with at least 50% marks (45% for SC/ST/PwD candidates)
Selection Process: CAT, followed by Personal Interview and Written Ability Test (WAT)
2.2 Post Graduate Program in Agribusiness Management (PGP-ABM)
The PGP-ABM is a specialized program aimed at creating leaders for the agribusiness sector. It focuses on blending management principles with the unique needs of the agriculture and allied industries.
Duration: 2 Years
Eligibility: Bachelor’s degree in agriculture or allied sciences with at least 50% marks
Selection Process: CAT, followed by Personal Interview and WAT
2.3 Post Graduate Program in Sustainable Management (PGP-SM)
This program addresses the emerging need for sustainable business practices. It integrates environmental and social dimensions into business management, preparing leaders for the sustainable development of enterprises.
Duration: 2 Years
Eligibility: Bachelor’s degree with at least 50% marks
Selection Process: CAT, followed by Personal Interview and WAT
2.4 Executive MBA Program (WMP)
The Working Managers’ Program (WMP) is a part-time course designed for working professionals. It enables them to upgrade their skills while continuing with their jobs.
Duration: 2 Years (Part-time)
Eligibility: Bachelor’s degree with at least 50% marks and minimum 3 years of work experience
Selection Process: GMAT/GRE or IIML Entrance Exam
2.5 Fellow Program in Management (FPM)
The FPM is a doctoral-level program that prepares scholars for academic and research careers. It is one of the most prestigious programs offered by IIM Lucknow.
Duration: 4-5 Years
Eligibility: Master’s degree with at least 55% marks
Selection Process: CAT/GMAT/GRE/GATE or IIML Entrance Test, followed by a personal interview
- Fees Structure at IIM Lucknow (2024)
The fee structure at IIM Lucknow varies across programs and is subject to change each year. For the 2024 intake, the estimated fees are as follows:
3.1 PGPM and PGP-ABM
Total Fees: ₹ 20 Lakhs (approx.)
This includes tuition fees, accommodation, study materials, and other charges. Scholarships are available for deserving students based on merit and financial need.
3.2 PGP-SM
Total Fees: ₹ 21 Lakhs (approx.)
Like the PGPM, this fee covers tuition, accommodation, and other academic expenses.
3.3 Executive MBA (WMP)
Total Fees: ₹ 13 Lakhs (approx.)
This is spread over two years and includes tuition, course materials, and other related costs.
3.4 FPM
Total Fees: Fully Funded
IIM Lucknow offers fellowships to cover tuition fees and provides a monthly stipend to FPM students, allowing them to focus on their research.
- Placements at IIM Lucknow (2024)
IIM Lucknow has a stellar placement record, consistently achieving 100% placements across all its programs. The institute has strong ties with top national and international companies, offering lucrative job opportunities to its students.
4.1 Placement Process
The placement process at IIM Lucknow involves multiple rounds of interactions between recruiters and students. Pre-placement talks, summer internships, and live projects play a crucial role in preparing students for final placements.
4.2 Placement Statistics for 2023
Highest Package: ₹ 75 Lakhs per annum (International)
Average Package: ₹ 32 Lakhs per annum
Top Recruiters: Amazon, McKinsey, BCG, Goldman Sachs, HUL, Deloitte, PwC, Microsoft, and others.
4.3 Sector-wise Placement Breakdown
Consulting: 30%
Finance: 20%
Marketing: 25%
Operations: 15%
General Management: 10%
IIM Lucknow students are also recruited for leadership roles across industries, with consulting and finance being the most preferred sectors.
- Admission Process for IIM Lucknow (2024)
5.1 Eligibility Criteria
Bachelor’s Degree: Applicants must have a minimum of 50% marks in their undergraduate studies (45% for SC/ST/PwD candidates).
Entrance Exam: CAT is the primary entrance exam for admission to IIM Lucknow’s PGPM, PGP-ABM, and PGP-SM programs.
5.2 Selection Process
The selection process for IIM Lucknow involves the following stages:
CAT Exam: Candidates must appear for the CAT exam and secure a high percentile (typically 97-99 percentile for general category students).
Shortlisting: Based on CAT scores, academic performance, work experience, and diversity factors, candidates are shortlisted for the next round.
Personal Interview (PI): Shortlisted candidates are called for a personal interview. This round also includes a written ability test (WAT) to assess communication and analytical skills.
Final Selection: The final merit list is prepared by considering the CAT score, performance in PI and WAT, academic record, and work experience.
5.3 Important Dates for Admission (2024)
CAT Exam: November 2023
Shortlist Announcement: January 2024
Interview Round: February-March 2024
Final Results: April 2024
Session Begins: June 2024
- Scholarships at IIM Lucknow
IIM Lucknow offers several scholarships to students based on merit and financial need. Some of the popular scholarships include:
Need-Based Financial Assistance: Available to students from economically weaker sections.
Industry-Sponsored Scholarships: Offered by corporate partners like Aditya Birla Group, OP Jindal, and Ratan Tata Trust.
Merit-Based Scholarships: Awarded to top-performing students.
- Campus and Facilities
IIM Lucknow’s campus is spread over 185 acres and is known for its state-of-the-art infrastructure. Key facilities include:
Library: One of the largest business libraries in India with access to numerous journals and research databases.
Hostels: Well-furnished hostels with modern amenities.
Sports Complex: A well-equipped sports complex for physical fitness and recreation.
Technology Labs: Advanced computer and technology labs for research and study.
Frequently Asked Questions (FAQ)
Q1: What is the CAT cutoff for IIM Lucknow?
The CAT cutoff for IIM Lucknow usually ranges between 97-99 percentile for the general category. For reserved categories, the cutoff is lower.
Q2: Does IIM Lucknow offer scholarships?
Yes, IIM Lucknow offers a variety of scholarships, including need-based and merit-based scholarships, as well as industry-sponsored financial aid.
Q3: How good are the placements at IIM Lucknow?
IIM Lucknow has an excellent placement record with 100% placements every year. The average package is around ₹ 32 Lakhs per annum, with top recruiters from diverse sectors.
Q4: What is the selection process for IIM Lucknow?
The selection process involves the CAT exam, followed by a personal interview (PI) and written ability test (WAT). Academic performance and work experience are also considered.
Q5: Can working professionals apply to IIM Lucknow?
Yes, IIM Lucknow offers an Executive MBA program for working professionals called the Working Managers’ Program (WMP), which is a part-time course.
Conclusion
IIM Lucknow remains a beacon of excellence in management education, offering a wide range of programs to cater to various aspirant profiles. With its robust curriculum, world-class faculty, and stellar placement record, it is a top choice for students looking to build a successful career in management. For those eyeing admission in 2024,
