IIM Lucknow sees a jump in average and median stipend for summer placements
Agencies
Synopsis
IIM Lucknow achieved a significant summer placement drive for its 2025-2027 batch. The average stipend reached Rs 1.67 lakh per month, an increase from last year. The highest stipend offered was Rs 3.95 lakh per month. Over 580 offers were secured by students. Top firms participated, including Adani, Accenture, and Google, with several new recruiters joining the process.
By Prachi Verma, ET Bureau
Indian Institute of Management Lucknow (IIM Lucknow) has recorded an average stipend of Rs 1.67 lakh per month for the 2025-2027 batch as part of its summer placement drive, up from Rs 1.43 lakh per month last year. The highest stipend recorded this year is Rs 3.95 lakh per month, while the highest international stipend offered is Rs 2.5 lakh per month, according to the institute.
The median stipend recorded this year is Rs 1.72 lakh per month, up from Rs 1.5 lakh per month a year ago. The top 50% of the batch has secured an average stipend of Rs 2.18 lakh per month.
“This year, we witnessed a commendable summer placement drive, with participation from marquee firms across diverse domains,” said Prem Prakash Dewani, placement chairperson, IIM Lucknow.
The 2025-27 batch of IIM Lucknow comprises 187 freshers and 345 students with prior work experience across various sectors.
“A key highlight of this year’s summer placement drive was the participation of Adani, with the conglomerate offering its selected interns a tuition waiver in addition to a competitive stipend,” the institute said in a statement.
Recruiters such as Accenture, Aditya Birla Group, Adobe, Alvarez & Marsal, American Express, Amazon, Arga Investments, Avendus, Axis Capital, Bain & Company, Bernstein, Boston Consulting Group, Citi Group, Colgate-Palmolive, Deloitte and Deutsche Bank participated in the process. Other participants included EY Parthenon, Godrej, Goldman Sachs, Google, HUL, ITC, J.P. Morgan Chase, Kearney, KPMG, Marico, Mastercard, McKinsey & Co., Media.net, MMT, Pidilite and Procter & Gamble.
Among the first-time recruiters were Barclays (RSG), CRISIL, D.E. Shaw, Dream Incubator, Edelweiss, Eternal, Galderma, Henkel, HSBC (IB), IMAP India, India Alternatives and Intellimation.ai, the statement said. New recruiters also included firms such as Ionic Wealth, Michelin, Mondelez, Morgan Stanley (IB), Nestle, Neo Asset Management, Nivea, Pinpoint, Salesforce, Shapoorji Pallonji, Qualcomm, Wells Fargo and Vector Consulting Group, said IIM Lucknow.
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IIM Lucknow bagged more than 580 offers for its 41st batch of Post Graduate Programme students and the 22nd batch of Post Graduate Programme in Agribusiness Management students.The median stipend recorded this year is Rs 1.72 lakh per month, up from Rs 1.5 lakh per month a year ago. The top 50% of the batch has secured an average stipend of Rs 2.18 lakh per month.
“This year, we witnessed a commendable summer placement drive, with participation from marquee firms across diverse domains,” said Prem Prakash Dewani, placement chairperson, IIM Lucknow.
The 2025-27 batch of IIM Lucknow comprises 187 freshers and 345 students with prior work experience across various sectors.
“A key highlight of this year’s summer placement drive was the participation of Adani, with the conglomerate offering its selected interns a tuition waiver in addition to a competitive stipend,” the institute said in a statement.
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Recruiters such as Accenture, Aditya Birla Group, Adobe, Alvarez & Marsal, American Express, Amazon, Arga Investments, Avendus, Axis Capital, Bain & Company, Bernstein, Boston Consulting Group, Citi Group, Colgate-Palmolive, Deloitte and Deutsche Bank participated in the process. Other participants included EY Parthenon, Godrej, Goldman Sachs, Google, HUL, ITC, J.P. Morgan Chase, Kearney, KPMG, Marico, Mastercard, McKinsey & Co., Media.net, MMT, Pidilite and Procter & Gamble.
Among the first-time recruiters were Barclays (RSG), CRISIL, D.E. Shaw, Dream Incubator, Edelweiss, Eternal, Galderma, Henkel, HSBC (IB), IMAP India, India Alternatives and Intellimation.ai, the statement said. New recruiters also included firms such as Ionic Wealth, Michelin, Mondelez, Morgan Stanley (IB), Nestle, Neo Asset Management, Nivea, Pinpoint, Salesforce, Shapoorji Pallonji, Qualcomm, Wells Fargo and Vector Consulting Group, said IIM Lucknow.
