IIM Lucknow records 100% summer placement with 576 offers for PGP despite dip in hiring trends

NEW DELHI: The Indian Institute of Management Lucknow (IIM Lucknow) has achieved 100% placements with the highest domestic offer of Rs 3.5 lakh per month. The 39th batch of Post Graduate Programme (PGP) and 20th batch of Postgraduate Programme in Agribusiness Management (PGP-ABM) students secured 576 offers in the IIM Lucknow summer placements organised for the 2023-2025 cycle.

“The Institute has secured 100% placement rate by securing 576 offers and placing students across various roles in consulting, finance, general management, product management, sales and marketing, operations and retail, and e-commerce with top recruiters from across the globe,” the institute said. Despite the dip in job market trends, more than 200 recruiters participated in the IIM Lucknow summer placement process.

The average and median stipends offered were Rs 1.31 lakhs per month and Rs 1.30 lakhs per month respectively. The highest international stipend was Rs 4 lakhs per month.

“Average stipends for the top 10%, top 25%, and top 50% of students were Rs 2.25 lakhs per month, Rs 2.08 lakhs per month, and Rs 1.77 lakhs per month, respectively,” IIM-L said.

Priyanka Sharma, student affair and placement chairperson, IIM Lucknow, said: “Despite the placement scenario this time around, our relentless teamwork from the Placement Office, Student’s Placement Committee, support teams, and preparation crew ensured that each student landed at least one offer and achieved 100% campus summer placement. As the economic situation gets better, we are determined to bring even more opportunities for our students.”

A sizable number of first-time recruiters took part in the summer placements. The first-time recruiters include Antique, Country Delight, Cranmore Partners, Cummins, Damensch, Dolat Capital, EstateX, EY IB, Gyansys, Haleon, HCCB, Hero Moto Corp, ICRA, IHX, Kaabil Finance, Liquide, MAQ Software, Miebach Consulting, MakeMyTrip, Naturals, Neev Fund, North Bridge Capital, NPCI, Ola, Pine Labs, Policy Bazaar, Practo, Responce, Samagra, Sciera, Splash, StockGro, Tencent, Virusha, Visa, Walmart, Whatfix, and Yum Brands, among others. Some of them have also offered international roles for the selected students.

Major recruiters including Accenture, Aditya Birla Group, Adobe, Alvarez & Marsal, Amazon, Arthur D Little, Atlassian, Avendus Capital, Bain & Company, Bernstein, Boston Consulting Group, Citi Group, Colgate-Palmolive, Deloitte, Deutsche Bank, EY, Goldman Sachs, Google, HUL, ITC, J.P. Morgan Chase, Kearney, KPMG, McKinsey & Company, Mondelez, PepsiCo, Procter & Gamble, PwC and Tata Administrative Services, recruited candidates for diverse job profiles.