IIM Lucknow Placements 2024: The ₹1.23 Crore Reality Check
Abhishek Patel
12/04/2025
Table of Contents
(100% Placements But Median Stagnant – Who Really Got Top Packages?)
IIM Lucknow’s 2024 final placement report reveals a tale of two realities: 1 student bagged ₹1.23Cr overseas while the median salary stayed frozen at ₹30LPA for the third consecutive year. We analyzed 634 offers to uncover what this means for MBA aspirants.
Key Insight: Consulting firms hired 30% more students than last year, but tech offers dropped 18%.
Placement Report Card: 2024 vs 2023
(PGP + PGP-ABM Combined Data)
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Highest Domestic | ₹65L | ₹65L | 0% |
| Highest International | ₹1.1Cr | ₹1.23Cr | +12% |
| Average CTC | ₹32L | ₹32.23L | +0.7% |
| Median CTC | ₹30L | ₹30L | 0% |
| Consulting Offers | 165 | 215 | +30% |
| Tech Offers | 120 | 98 | -18% |
Source: IIML Official Report | 2022-24 Batch (516 PGP + 118 ABM)
Sector-Wise Salary Breakdown
(Domestic Packages Only)
| Sector | Avg. CTC | Top Recruiter |
|---|---|---|
| Consulting | ₹34L | McKinsey (8 offers) |
| Finance | ₹31L | Goldman Sachs (5 offers) |
| Product Mgmt | ₹29L | Amazon (12 offers) |
| General Mgmt | ₹28L | Aditya Birla Group |
| IT/Analytics | ₹26L | TCS (15 offers) |
Note: 92% of ₹50L+ offers went to candidates with 3+ years work ex
Who Got The ₹1.23 Crore Offer?
- Role: Strategy Consultant (Middle East)
- Recruiter: BCG Dubai
- Profile: Ex-Accenture (4 yrs), IIT Bombay grad
- Key Takeaway: Only 3 international offers this year vs 5 in 2023
Concerning Trends
- Stagnant Median: ₹30L since 2021
- Tech Slowdown: Amazon/Flipkart hires down 25%
- Gender Gap: Women’s avg. ₹29.8L vs men’s ₹32.9L
- PPO Dependence: 68% offers came via summer conversions
5 Takeaways for CAT 2025 Aspirants
- Work Ex Matters: 80% of ₹40L+ offers went to candidates with 2+ years experience
- Consulting Craze: Prepare for case interviews if targeting Bain/BCG.
- Location Premium: IIML’s Noida campus got 22% higher avg. than Lucknow.
- Early Prep: Start networking for summer internships in Year 1.
- Realistic Expectations: Only 7% crossed ₹50L domestic
💬 Alumni Warning
“My ₹32L package sounds great until you deduct ₹4L/year loan EMI for 10 years” – PGP 2023 Grad.
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Also Read :
IIM Kozhikode Final Results 2025 Out Now! Here’s How to Check & What Your Selection Means
