IIM Lucknow achieves full summer placement with top monthly stipend at Rs 3.5 lakh

The Indian Institute of Management, Lucknow, has secured one hundred percent summer placement for its latest student batches, pulling in more than six hundred offers overall. The drive covered the 42nd batch of the Post Graduate Programme and the 23rd batch of the Post Graduate Programme in Agribusiness Management, comprising a total of 578 students.

Compensation Details

The highest domestic monthly stipend touched 3.5 lakh rupees, while the median monthly stipend reached 1.75 lakh rupees. The average monthly stipend stood at 1.5 lakh rupees, a mark achieved by 75% of the batch. Over 350 of the total offers were locked in on the very first day of the placement process.

Recruiters and Roles

The campus drive drew participation from many legacy firms alongside several new recruiters. Longtime participants included Accenture, Amazon, Boston Consulting Group, Goldman Sachs, Google, and McKinsey and Co. First-time participants featured brands like Coca-Cola, Flipkart, Groww, JioStar, and Swiggy. Prof. Prem Prakash Dewani, the placement chairperson, noted that the results show strong industry confidence in the institute's talent pool across sectors like consulting, finance, marketing, and product management.

Batch Profile

Out of the 578 participating students, 459 brought prior work experience to the table, making up roughly 79.4% of the batch. The remaining 119 students entered as freshers without past work backgrounds.

Context

Summer placements at top business schools in India serve as a key stepping stone for students to secure pre-placement offers for final jobs. These drives test the current industry demand and economic sentiment across sectors like consulting, finance, and consumer goods.