The government of India has set up a number of IIMs and baby IIMs across the country to promote advanced studies in management courses. While all of them are great and have an excellent reputation, IIM Lucknow is one of the most coveted. This roots from the lucrative career opportunities and amazing academic prospects offered here. So, if you’re wondering why it’s a good idea to apply for IIM Lucknow admission, you’re going to find this article helpful.
Faculty at IIM Lucknow
The impressive faculty team at IIM Lucknow is one of the biggest reasons to pursue your management studies here. Firstly, 95 of the 97 faculty members at IIM Lucknow hold doctorate degrees in their respective fields and have completed a Ph.D. at top business institutes. Besides, IIM Lucknow also boasts a 1:15 faculty-to-student ratio, which ensures adequate attention and mentoring for every student.
Placement at IIM Lucknow
IIM Lucknow not only prepares students for a strong career through quality education and ample practical training, but also provides lucrative placement opportunities. Studying at IIM Lucknow can help you secure a well-paying job at a leading company upon the completion of your MBA. Here are some facts about the placement opportunities at IIM Lucknow, to give you a clearer idea.
- IIM Lucknow boasts some of the highest salary packages recorded during the placement drives across all the IIMs. As of 2022, the highest domestic salary package was INR 58 lakhs while the highest international one was INR 61.59 lakhs.
- The average salary package value recorded during the 2022 placement drive was INR 31.03 lakhs. Even if you don’t bag the highest packages, you can still rest assured of a lucrative placement.
- IIM Lucknow has consistently recorded a 100% placement rate for all participating students. This further guarantees you an alluring job.
- A majority of the placement offers came from leading and reputed companies like Accenture Strategy, Deloitte India, Bain and Co., Amazon, etc.
- The internship drives here are highly successful too, with the latest one seeing a batch of 562 students being offered 567 internship placements.
This is yet another reason why IIM Lucknow is one of the most coveted IIMs out there. After all, the better the job opportunities, the more competitive the admission would be.
IIM Lucknow scholarships
To make management studies more accessible to deserving students. IIM Lucknow also offers several scholarship programs. The most notable ones for MBA applicants are need-based scholarships. Students who show exceptional academic performance and have a gross family income of less than INR 4 LPA are eligible for this scholarship program. You may also avail several other scholarships provided by the state and central governments.
Apart from these, IIML also offers contingency grants, fellowship grants, and conference support. Students carrying out field-based case writing research are eligible for an assistance of up to INR 50,000 for lodging, boarding, and travel.
Conclusion
Apart from all the above-mentioned advantages, IIM Lucknow is the 7th best management institute in India as per NIRF rankings 2022. They also mentor the newer IIMs, like IIM Kashipur, IIM Jammu, and IIM Rohtak. I hope you now have a clearer understanding of why IIM Lucknow admission is so sought after.