IIM Lucknow – A Complete Guide

Indian Institute of Management Lucknow, commonly known as IIM-L is one of the prestigious management institutes in India. Founded in 1984, IIML is the fourth IIM established by the Indian government. IIML is ranked amongst the top five management education schools in India. Besides, IIM Lucknow has expanded its place in the realm of management education by becoming the first IIM to set up a satellite campus, specifically for Executive Education at NOIDA in 2005. 

Through the course of this article, we will give you an overview of IIM Lucknow fees, IIM Lucknow Eligibility, IIM Lucknow courses and more. Keep reading! 

Eligibility Criteria for IIMs

The eligibility criteria for IIM-L is as follows:

• A bachelor’s degree, with a minimum of 50% marks or equivalent CGPA. The CGPA equivalent should also be not less than 50%. However, if you belong to the SC/ST/PwD category, the percentage is relaxed to 45%. 
• Minimum prescribed sectional and overall cut-off score in CAT exam
• You can also apply if you are in your final year of graduation. But this is allowed only after submitting a special certificate from your college/ university.
• If you are planning to apply for a PGP-SM programme, you should have a minimum of 2 years of work experience.

The above information is just an overall overview of IIM Eligibility criteria. It may vary based on the programs you choose. 

IIM-L Educational Standards

IIMs are one of the oldest management institutes in India. This history, along with the extremely high calibre of their students have allowed them to attract top companies globally. Their Alumni Network is spread over the world and has been recruited by reputed global and national companies such as Morgan Stanley, Accenture, Amazon, Deloitte, Microsoft, Paytm, JIO and more. More so, the average salary in the 2021 placement drive has gone up to Rs.26 LPA, which is almost 7% higher than the last year’s average salary, Rs.24.25 LPA. 

IIML is the first among the other Indian institutes to start an additional campus. The Indian Institute of Management Noida campus now serves as a centre of excellence in the area of executive education. 

Teaching Faculty 

IIM-L employs around 70 teaching staff all together in several departments such as Business Environment, Finance and Accounting, Human Resource Management, etc. Both permanent and visiting faculty of IIM-L are highly experienced in their respective fields of study and research.

Student Exchange & Extracurricular Activities

The institute has tie-ups with around 24 leading B-schools in the world such as Turku School of Economics (Finland), Université Catholique de Louvain (UCL, Belgium), ESSEC Business School (France), Brock University (Canada) etc., for student exchange. Besides, every year, the clubs, academic interest groups and committees in the college conduct a number of business-related competitions, cultural and sports events, etc. as a part of extracurricular activities. 

Academic Programs

IIM-L offers post-graduate programs for executives as well as regular students. All these programs are accredited by prestigious accreditation bodies such as AMBA and AACSB and NIRF.  Below is a table of all the Post Graduate Programs the colleges offer:

Post Graduate Programs (PGP)	PGP for Executives	Fellow Programs
PGP	PGPWE (PGP for for Working Executives)	Fellow Programme in Management (FPM)
PGP-ABM (PGP in Agribusiness Management)	IPMX (International Programme in Management for Executives)	Executive Fellow Programme in Management (EFPM)
PGP-SM (PGP in Sustainable Management)

The PGPWE is specifically designed for working professionals, entrepreneurs and executives, who wish to enhance managerial knowledge and skills while continuing to work full time.

Indian Institute of Management Lucknow Fees

Indian Institute of Management Lucknow MBA fee is affordable as compared to its global peers. However, it varies across programmes, and usually ranges from 10 lakh to 20 lakh INR. However, the institute offers scholarships for up to 15% of the students depending on their merit and family income. Additionally, it also extends financial aid to students belonging to the reserved categories. If you want to avail any of these scholarships, it is advisable to check the prerequisites you need to satisfy to be eligible to gain these scholarships.

We hope this guide on IIM Lucknow helps. If you are planning to study in IIM-L, then let’s tell you that this is a great place to study. However, make sure you prepare well for the entrance exams like CAT to get into this prestigious institution. Your scores do matter a lot and so do other admission criterias such as your SOPs, CVs, interviews, etc. 

All the best!