IIM Lucknow has been ranked among the top IIMs and was established in the year 1984. IIM Lucknow is known for its 100 percent placement and summer internship offers every year. As per NIRF rankings 2022, IIM Lucknow ranked at number 6 among the top business schools in the country.
Summer Internships at IIM Lucknow:
For the batch of 2022-2024 (PGP38 and ABM19), the institute completed 100% of its summer placements by securing 570 offers for a total of 566 students. ABM is a two-year Post Graduate Programme in Agribusiness Management and is a full-time residential course. The institute also saw some first-time recruiters for summer internships such as Castrol, Angel One, Sony Pictures, Loreal, and Big Basket this year. The students were placed across various sectors and roles such as in Finance, Marketing, Consulting, Information Technology & Analytics, operations, and general management with top-notch national and international organizations.
The college recorded a significant rise of about 8% in its average stipend from last year. The maximum stipend was INR 3.50 lacs per month and the average stipend was close to INR 1.41 lacs per month. Top national and international organizations have participated in the process. A total of 185+ recruiters have participated this year for summer placements. Some of the company-wise recruits were as follows:
-Accenture: 34
-Pidilite: 13
-Amazon: 25
-Kearney: 11
-BCG: 21
-American Express: 9
-BAIN & Company: 19
- JSW: 9
-PWC: 18
-Dr. Reddys: 7
-McKinsey: 15
-HUL: 7
-Deloitte: 15
- P&G: 7
-EY:13
-Vedanta: 7
-Aditya Birla Group: 6
Sector-wise highest stipends for the 2022-2024 batch are as follows for Summer Internship offers:
-FINANCE: 3.5 lacs/month
-CONSULTING: 2.2 lacs/month
-PRODUCT MANAGEMENT: 2.2 lacs/month
-SALES & MARKETING: 2.2 lacs/month
-OPERATIONS: 1.65 lacs/month
-GENERAL MANAGEMENT: 1.65 lacs/month
Sector-wise median stipends for the 2022-2024 batch is as follows for Summer Internship offers:
-FINANCE: 1.5 lacs/month
-CONSULTING: 1.9 lacs/month
-PRODUCT MANAGEMENT: 1.5 lacs/month
-SALES & MARKETING: 1.5 lacs/month
-OPERATIONS: 1.5 lacs/month
-GENERAL MANAGEMENT: 1.5 lacs/month
Barclays, Deutsche Bank, CITI Bank, and Goldman Sachs were some of the top organizations which came for Finance specialization students.
BCG, EY Deloitte, and McKinsey were some of the top firms which recruited for management consulting positions.
Dabur, ITC, Puma, Nestle, and P&G were some of the companies which recruited students for their sales and marketing positions.
Amazon, Uber, Asian Paints, and Mondelez International, were the firms that recruited students from the Operations specialization.
Aditya Birla Group, Hinduja Group, Reliance Industries Limited, and Vedanta were some of the firms that recruited for general management positions.
Final Placements:
Almost every year all the eligible students are able to secure their final placements in very few days, once the placement drive begins in various domains such as Finance, Marketing, Consulting, Information Technology & Analytics, operations, and general management at lucrative packages. For the batch of 2020-2022, the institute secured 534 offers for a total of 491 students, and the entire placement was concluded in a record duration of two days. Some of the companies conducted their process virtually due to the pandemic. The institute also saw some first-time recruiters for final placements such as IBM, Splash, TVS, and Lincoln International this year. The institute recorded a significant rise of 19.3% in its average CTC from the previous batch despite the pandemic situation. A total of 150+ reputed organizations participated in the placement process. There are two tiers for the placement process:
-Higher Entry placement process: This is for students with 12 or more months of work experience prior to their MBA program.
-Final placement process: All students can apply irrespective of their work experience.
The highest domestic and international salaries stood at INR 58 LPA and INR 61.59 LPA respectively. The average CTC recorded was INR 31.03 LPA. Some of the company-wise recruits were as follows:
-Accenture Strategy: 34
-Amazon: 24
-BCG: 22
-BAIN & Company: 23
-PwC US: 19
-McKinsey: 17
-Deloitte India: 34
-Ernst & Young: 18
-Paytm: 14
-Jio Platforms: 10
-PwC India: 9
-Microsoft: 9
-Flipkart: 7
-Myntra: 7
-Deloitte-Office of the US: 20
-Mastercard Advisors: 14
The sector-wise average salary for the 2020-2022 batch is as follows for final placements:
FINANCE - INR 32.21LPA
CONSULTING - INR 28.96 LPA
SALES & MARKETING - INR 32.79 LPA
OPERATIONS - INR 29.05 LPA
GENERAL MANAGEMENT - INR 28.12 LPA
IT & ANALYTICS - INR 35.33 LPA
The sector-wise highest salary for the 2020-2022 batch is as follows for final placements:
FINANCE - INR 53.34 LPA
CONSULTING - INR 45 LPA
SALES & MARKETING - INR 49 LPA
OPERATIONS - INR 49 LPA
GENERAL MANAGEMENT - INR 61.59 LPA
IT & ANALYTICS - INR 58 LPA
Barclays, CITI Bank, HSBS, PremjiInvest, and Avendus were some of the top organizations which came for Finance specialization students.
Accenture, BCG, BAIN & Co, and McKinsey were some of the top firms which recruited for management consulting positions.
ITC, Puma, Nestle, and P&G were some of the companies which recruited students for their sales and marketing positions.
Amazon, Uber, Asian Paints, and Mondelez International, were the firms that recruited students from the Operations specialization for final placements.
Capgemini, Hinduja, and RPG were some of the firms that recruited for general management positions.
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IIM Lucknow has been ranked among the top IIMs and was established in the year 1984. IIM Lucknow is known for its 100 percent placement and summer internship offers every year. As per NIRF rankings 2022, IIM Lucknow ranked at number 6 among the top business schools in the country.
