IIM Lucknow Placement 2023: Average Salary up at Rs.32.20 LPA; Highest International Salary Up at Rs.65 LPA; 556 Students get 632 Offers from 200 Companies

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MBAUniverse.com News Desk |
February 11, 2023
IIM Lucknow has completed 100% placement for the largest ever 2021-23 batch 556 students with highest ever average salary which has gone up at Rs.32.20 LPA from Rs.31.03 LPA last year. The placement was conducted for PGP and PGP-ABM students who got 632 offers from 200 companies. Highest International Salary has gone up at Rs.65 LPA while highest domestic salary has gone down at Rs.55 LPA. Accenture, Deloitte, BCG, PwC, McKinsey emerged as the top recruiters
IIM Lucknow Placement 2023

IIM Lucknow has completed 100% placement 2023 for the largest ever 37th PGP and PGP-ABM 2021-23 batch of 556 students and has registered highest ever average salary which has gone up at Rs.32.20 LPA in 2023 from Rs.31.03 LPA last year and has broken its own record in achieving new heights in average salary. 200 recruiters participated in IIM Lucknow placement 2023 and made 632 offers. While the highest International salary has gone up at Rs.65 LPA from Rs.61.59 LPA last year, the highest domestic salary saw a dip of Rs.3 lakhs as it has gone down to Rs.55 LPA from Rs.58 LPA last year.  

Consulting firms -- Accenture, Deloitte India, Boston Consulting Group (BCG), Pricewaterhouse Coopers (PwC), and McKinsey and Company emerged as the top recruiters in IIM Lucknow final placements 2023.

IIM Lucknow Placement 2023: Key Highlights

  • Average Salary has gone up at Rs.32.20 LPA in placement 2023 from Rs.31.03 LPA last year
  • Highest domestic salary has gone down at Rs.55 LPA from Rs.58 LPA last year
  • Highest International Salary in Placement 2023 has gone up at Rs.65 LPA from Rs.61.59 LPA last year
  • Batch of 556 students got 632 placement offers by 200 marquee recruiters
  • Consulting Companies Accenture, Deloitte, BCG, PwC, McKinsey emerged as top recruiters with 122 offers
  • Top recruiters included Aditya Birla Group, Accenture, BCG, Deloitte, EY, Kearney, KPMG, McKinsey, Microsoft, PwC, ITC, HUL, among others.
  • This is the 4th Placement year for which IIM Lucknow has released its Placement statistics

IIM Lucknow Key Placement Trends
Continuing the legacy of successfully placing 100 percent of the batch, this year also IIM Lucknow has placed all the students who participated in Placement 2023. The top  segments based on roles offered were consulting, finance, sales & marketing, IT & Analytics and general management including some extremely sought after and niche profiles in the finance domain. The rest of the offers came from domains such as operations/supply chain, market research and HR.  

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IIM Lucknow Placement Analysis: Last Four Years
The highest international salary and average salary has gone up as compared to last year placement. Key salary data are given below:

Final Placement Batch
Batch 2021-23
Batch 2020-22
Batch 2019-21
Batch 2018-20
Average Salary (Rs. In Lakhs)
32.20 LPA
31.03 LPA
26.00 LPA
24.25 LPA
Highest Domestic Salary (Rs. In Lakhs)
55.00 LPA
58.00 LPA
51.00 LPA
54.00 LPA
Highest International Salary (Rs. In Lakhs)
65.00 LPA
61.59 LPA
56.00 LPA
58.47 LPA
Median Salary
29.00 LPA
23.50 LPA
23.00 LPA

Source: IIM Lucknow Placement Report for PGP & PGP-ABM 2021-23 Batch 

Top Recruiters in IIM-L Placement 2023
The top 5 recruiters in IIM Lucknow Placements 2023 are:

  • Accenture made the maximum 36 offers
  • The Boston Consulting Group made 24 offers in IIM Lucknow Placement 2023
  • Deloitte India made 22 offers
  • Pricewaterhouse Coopers (PwC) made 22 Offers
  • McKinsey and Company made 18 offers

Prominent recruiters across different sectors in Placement 2023 included Aditya Birla Group, HUL, ITC, Accenture, Alvarez and Marsal, Amagi, American Express, Asian Paints, Atlassian, Avendus Capital, Axis Group, Bain & Co., Bank of America Merrill Lynch, Barclays, Boston Consulting Group, Blue Yonder, Byju’s, Capgemini, Citi, Colgate Palmolive, Crediwatch, Dalberg, Deutsche Bank, Deloitte, Diageo, Eversana, Ernst and Young, Ernst and Young Parthenon, FinIQ, Flipkart, Gameskraft, Goldman Sachs, GSN Games, HDFC Bank, HSBC, Investec, Kearney, KPMG, Mastercard, McKinsey & Co., Microsoft, Myntra, Navi, Paytm, Pidilite, Pricewaterhouse Coopers, RPG, Samsung, Standard Chartered, State Street, Stryker, Vodafone-Idea, Wells Fargo and Xiaomi among others.

First Time Recruiters
First-time recruiters at IIM Lucknow Placement 2023 included ASK Investment Managers, BDA Partners, Cashfree, Cogoport, IndigoEdge, Lodha Capital, Merisis Advisors, Motilal Oswal, Nykaa, O3 Capital, OfBusiness, Pinpoint, Policy Bazaar, Samagra Governance, Stakeboat Capital, Synergy Capital, United Airlines among others

IIM Lucknow conducted the final Placements 2023 in two tiers. Tier-1 was Higher Entry Placement Process (HEPP) which was conducted for the students with 12 months or more of work experience. Tier-2 was the final placement process for all the students who were eligible to participate for company placement processes. Students were offered roles in consulting, finance, general management, IT & analytics, sales and marketing among other domains both in Indian and International companies.

It may be noted that prior to 2020, IIM Lucknow did not provide its placement salary data which is now released by it. IIM Lucknow was established in 1984 and is the 4th oldest IIM in the family of 20 IIMs. It came into being after IIM Ahmedabad, Calcutta and Bangalore. IIM Lucknow is one of top rated B schools in the country. In the Govt of India, MHRD NIRF Ranking 2022, IIM Lucknow is ranked #6 and in MBAUniverse.com ranking 2023 it is ranked # 7.  In 2005 IIM Lucknow expanded its area of influence in management education by setting up a satellite campus for executive education at NOIDA in Delhi NCR making IIM Lucknow as the first IIM to set up such a campus in the country.

Stay tuned to MBAUniverse.com for more updates on IIM Lucknow

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