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What is the ranking of IIM Lucknow among management colleges in India?
IIM Lucknow is one of India's leading management schools, continuously ranking among the country's top business schools. IIM Lucknow was placed third among management institutes in India in the 2021 edition of the National Institutional Ranking Framework (NIRF).
NIRF is a ranking system created by the Ministry of Education, Government of India, to rank higher education institutions in India. The rankings are based on objective criteria such as teaching, learning, and resources, as well as research and professional practices, graduation outcomes, outreach and inclusivity, and perception.
IIM Lucknow is well recognized by several ranking organizations, like the Financial Times and Business Today, in addition to its high ranking in the NIRF rankings. It is consistently regarded as one of the top business schools in the country, with a reputation for high-quality education and cutting-edge facilities.
What are the different courses offered at IIM Lucknow?
IIM Lucknow offers a variety of courses in a variety of fields. The following are the courses available at IIM Lucknow:
- Post Graduate Programme in Management (PGPM): This is a two-year full-time residential program for graduates interested in pursuing a career in management.
- Post Graduate Programme in Agribusiness Management (PGP-ABM): This is a two-year full-time residential program for graduates who want to work in agribusiness management.
- Post Graduate Programme in Sustainable Management (PGP-SM): This is a two-year full-time residential program for graduates who want to work in sustainable management.
- Executive Post Graduate Programme in Management (EPGP) is a one-year full-time residential program developed for experienced professionals who want to improve their managerial skills and expertise.
- Fellow Programme in Management (FPM): This is a doctoral program for researchers interested in conducting management research.
IIM Lucknow also provides a variety of Executive Education programs, such as Management Development Programmes (MDPs), Customised Programmes, and Certificate Programmes.
How is XLRI (BM) compared to JBIMS, FMS & IIM L?
XLRI has been ranked 9th for management studies in India by NIRF 2020 whereas FMS, IIM-L has been ranked 35th and 4th position respectively. JBIMS is ranked 23 for MBA by India Today 2019.
Admission:
XLRI:
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XLRI conducts the Xavier Aptitude Test (XAT) every year in the month of January which is followed by PI rounds for admission.
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95% is the cutoff for male candidates to join the BM program whereas 93% in the case of females for the same.
JBIMS:
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CAT exam and PI round must be cleared to get admission at JBIMS with the minimum graduation score of 50%.
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The previous year cutoff for BM was 96%.
FMS:
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FMS considers CAT scores for MBA admission.
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BM at FMS is most likely to have a cutoff of 98%.
IIM-L:
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For admission at IIM Lucknow, one has to clear IIM-CAT.
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The expected cutoff percentile this year would be around 97-99% for BM.
Placement statistics:
XLRI:
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The batch of 2020 recorded 100% placement with 362 overall domestic and international offers.
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The average CTC was recorded to be 26 LPA whereas the highest package was 58.5 LPA.
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Sales & marketing and BFSI were the top sectors where students were placed. 17% of these roles constituted students from Business Management.
JBIMS:
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JBIMS experienced a 17.6% hike in their average salary from the previous year. The average CTC offered this year is 20.13 LPA where 98% of students applied for placement have got placed.
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The best domestic CTC offered in 2020 is 32.3 LPA.
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41% of students got placed at BFSI and IB sectors which includes a majority of BM students.
FMS:
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219 students appeared in the placement session in 2020. Each of them got placed at top-notch companies like Coca Cola, Asian paints, GSK pharma with an average salary of 25.6 LPA.
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58 LPA was the highest CTC offered which is 10% more than the previous year.
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Consulting, General management, and E-commerce were the major domains where 33% of students got placed.
IIM-L:
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443 students got placed from the 2020 batch at IIM-L with an average annual package of 24.25 LPA at companies like Flipkart, Deloitte, Accenture.
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The best CTC offered so far is 54 LPA at IIM-L.
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480 students availed of a summer internship opportunity with an average stipend of 1.2 LPM.
XLRI slightly holds an upper hand for BM when compared to the other three B-Schools. Nonetheless, all four institutes offer quality education, exposure, and good placement.
What are the research opportunities available at IIM Lucknow?
IIM Lucknow research opportunities include:
- Fellow Programme in Management (FPM): This doctoral program is for management researchers. Students work on cutting-edge research projects with experienced faculty.
- Research Centres: IIM Lucknow features research centers on business sustainability, entrepreneurship, public policy, and financial inclusion. These centers allow researchers to publish articles, conduct research, and network with industry specialists
- IIM Lucknow often hosts management conferences and workshops. Researchers can present, receive feedback, and network at these events.
- Faculty and student research funds are available from IIM Lucknow. These funds cover data gathering, travel, and other research costs.
- Journals: IIM Lucknow publishes the Indian Journal of Finance, Marketing, and Public Policy and Governance. These periodicals allow researchers to publish their findings.
IIM Lucknow offers researchers many chances to conduct cutting-edge research, collaborate with industry leaders, and publish in top journals.
Which is better IIM L, IIM K OR XLRI- BM?
Considering the excellent infrastructure and faculty members these institutes offer, it gets really difficult to choose any one of these for higher studies. However, some of the factors would be helpful for you to make the decision.
Ranking:
XLRI has reportedly ranked 1st among the top private management universities by Outlook India 2020’s evaluation reports. IIM L was ranked 4th by NIRF in 2020 and IIMK was ranked 6th for its MBA program by NIRF in 2020.
Admission:
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Aspiring students have to clear exams including GMAT, XAT, and CAT in order to get admission at XLRI for its MBA program. There are around 600 seats available for various streams. The estimated course fee remains to be around 5-10 Lakhs.
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Those who want to enroll in the MBA program at IIM K, have to clear the CAT exam.
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To take admission to IIM L, students have to clear CAT, GMAT, and GATE. For PGDM courses, students have to clear GMAT, XAT, CAT, and GATE.
Placement:
XLRI:
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XLRI offers 100% placements to the students.
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Some of the top recruiters are Aditya Birla Group, Amazon, Microsoft, are ITC, JP Morgan, Ramco Systems, Accenture, Sapient, ATG Tires, Lodha Group, RPG, Udaan, P&G, Colgate Palmolive, Ola, Myntra, Samsung, C K Birla, Power Finance Corporation among others.
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The highest and medium salary packages remain to be around 50 LPA and 12-15 LPA.
IIML:
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It offers 100% placement to its students.
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The top recruiters are JCB India, Bosch, Apparel group, Tolaram Group, RPG Group, and more.
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The highest and the medium salary range remain to be around 54 LPA and 23 LPA.
IIMK:
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Students get 98% placement and the highest and the medium salary package remains to be around 40 LPA and 18 LPA.
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Some of the top recruiters who offer internship and job opportunities are Cognizant, Wipro, Amazon, Airtel, City Bank, Deloitte, Nestle, Bosch, Microsoft, Raymond, and more.
All the institutes offer boys and girls hostel accommodation inside the college campuses. The rooms are spacious and well-equipped with necessities such as an iron bed, almirah, study table, attached bathroom, and more. Apart from these, all the campuses offer modern facilities and advanced digital features with good faculty members.
How good is IIM Lucknow PGPSM course in terms of placement?
The PGPSM course of IIM Lucknow is fairly new, and has a small batch size. The placements for this course are good enough, and the average package is comparable to the flagship PGP course of IIML.
It is quite easy for a college of this stature to get such a small batch of students placed. But PGPSM is conducted from the Noida campus, so the students lose out on the facilities and opportunities available at the main Lucknow campus.
But this course is recommended for those who want to build a career in Sustainable Management.
Which is better between SPJIMR Finance and IIM Lucknow? Why is SP Jain always compared to IIM Indore, Kozhikode but not IIM Lucknow?
SPJIMR is superior to IIM Lucknow. Of course, IIM Lucknow is a larger and more well-known brand, but the program and course structure at SPJIMR is excellent. They have an updated curriculum that is in line with industry demands.
The small batch size is a significant advantage at SPJIMR. The student-teacher ratio is favorable, and interaction between the two is required. They have ethics-based learning, a rural internship program with an NGO, and a 3-week course for the entire batch at top business schools in the United States. All in all, it is a well-designed course. Because of the Batch size advantage, the average placements are also better. After all, placements are important. But it all comes down to personal preference. You could make a reference to a larger brand. Non-MBAs/aspirants may be unaware of the opportunities available at SP Jain. However, you can rest assured that your MBA journey at SPJIMR will be fruitful.
I have got admission from IIM Lucknow and I am expecting to convert from FMS Delhi. I am aware of the ROI and average salaries. Which one should I choose? What are campus life and job offers like?
You should definitely attend IIM Lucknow rather than FMS Delhi. IIM is a brand, a distinguishing mark that will stay with you for the rest of your life. You never give up the IIM tag for FMS, no matter how much it costs.
The FMS campus has a dingy canteen the size of a bungalow, women dressed in glittery clothing roaming around, and plenty of heat and dust. There are also no hostels. You must take a PG if you go there. Food will be provided by the PG and nearby vendors.
In terms of finances, IIML fees are not comparable to Harvard fees. If you have given money to coaching institutes, you can certainly afford IIML. You may need to take out a loan, but you can certainly afford it.
Anyway, back to culture and way of life. In comparison to FMS, IIMs are king-size. Acres of land, well-kept cultivated greenery, a clean campus, and tasty mess food. Any IIM mess is better than most engineering colleges' mess, and Lucknow's Mess is delicious. The sports complex includes a large swimming pool, Jacuzzi, steam bath, large courts, and other amenities. Every two months, there will be massive student festivals where you can interact with students from other IIMs. You'll get a free membership to a nearby club where you can wine and dine. The student exchange program with Europe at IIM Lucknow is fantastic. You have the opportunity to study alongside international students and make friends from all over the world.
During the IIM Lucknow summer placements for the 2022-24 batch, 570 job offers were made and over 185 recruiters visited the campus. Aside from that, the highest and average stipends offered during summer placements at IIM Lucknow for the 2022-24 batch were INR 3.5 lakh per month and INR 1.41 lakh per month, respectively.
Should I choose IIM lucknow over Calcutta for marketing?
You should choose IIM Calcutta. It is better in terms of peer group, faculty profiles, ranking across the country and abroad, location, alumni base, and placements. You will get better opportunities at IIM Calcutta.
As per the recent statistics, IIM Calcutta placements for the sales and marketing sector are pretty good. Almost 14% of students received placements in General Marketing and Marketing sector. The average CTC offered by the companies in this sector is INR 29 LPA.
IIM Calcutta also has a better brand value compared to IIM Lucknow. In the long run, you can benefit a lot from that.
What is the CAT cutoff for IIM Lucknow with experience of one year?
Last year, the minimum CAT percentile for IIM Lucknow, for general category students was as follows-
|
PGP |
PGP-ABM and PGP-SM |
||||||
|
VARC |
DILR |
QA |
Total |
VARC |
DILR |
QA |
Total |
|
85 |
85 |
85 |
90 |
80 |
80 |
80 |
85 |
IIM Lucknow invites candidates for WAT and PI rounds based on their composite score. Last year, the composite score was calculated by giving 60% weightage to CAT score, and 10% weightage each to class 12th percentile, graduation percentile and work experience. For final selections, WAT and PI held 10% and 40% weightage respectively. 12 out of 40 was the minimum score required to clear the PI round.
You can check more details on the entire selection process 2023 at IIM Lucknow.
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