IIM Lucknow summer placements: all 578 students placed, median stipend Rs 1.75 lakh a month

By TUF News Desk · Published 21 October 2026 · 3 min read

Fact-checked against 2+ independent sources · Editorial policy

Rs 1.75 lakh a month. That is the median stipend the 2026-28 batches at the Indian Institute of Management Lucknow will earn on their summer internships, after the institute reported 100 per cent placement across its two flagship programmes.

All 578 students in the cohort secured internships, drawing more than 600 offers in total. The pace was set on the first day itself, when recruiters made over 350 offers, the institute said in its placement announcement. The process covered the 42nd batch of the Post Graduate Programme (PGP) and the 23rd batch of the Post Graduate Programme in Agribusiness Management (PGP-ABM).

The numbers behind the season

The median of Rs 1.75 lakh per month means half the batch earns at or above that level, and half at or below it. The average stipend for the cohort was Rs 1.5 lakh per month, and three-quarters of the batch secured stipends averaging at that level, according to the announcement. The highest domestic stipend touched Rs 3.5 lakh per month.

The batch profile leans heavily experienced. Of the 578 students, 459 came in with prior work experience while 119 joined as freshers. Students will intern across consulting, finance, marketing, product management, operations, retail and e-commerce.

Who came to hire

The recruiter list spans consulting, banking, technology and consumer goods. McKinsey, Bain and the Boston Consulting Group hired alongside Kearney, Alvarez and Marsal, Deloitte, EY-Parthenon, KPMG and PwC. From banking and financial services came Goldman Sachs, JPMorgan Chase, Citi, Deutsche Bank, Mastercard, American Express and Visa. Consumer and technology names included Google, Amazon, Hindustan Unilever, ITC, Procter and Gamble, Colgate-Palmolive, Reckitt, Adobe, Tata Administrative Services and Reliance.

Several companies hired from the campus for the first time, including Bayer, Coca-Cola, Cummins, DBS, Expedia, Flipkart, Groww, IBM, JioStar, Swiggy, Premji Invest and RPG.

What it means for this year’s CAT aspirants

Summer placements are the earliest hard data point on how recruiters value a campus, and they land months before final placements. If you are comparing B-schools while preparing for CAT 2026, this guide to choosing a university in India explains how to weigh stipend medians against fees, batch size and sector mix. The central vs state vs private university guide also helps explain the institute categories these placement figures sit within.

CAT 2026 is scheduled for November 29, and IIM Indore is the conducting institute this year. Summer internship outcomes like these are worth a look before you lock your institute preferences.

Frequently asked questions

What was the median stipend in IIM Lucknow’s summer placements?

Rs 1.75 lakh per month. The average stipend was Rs 1.5 lakh per month, and the highest domestic stipend touched Rs 3.5 lakh per month.

How many students got summer internships at IIM Lucknow?

All 578 students in the 2026-28 PGP and PGP-ABM batches, drawing more than 600 offers. Over 350 of those offers came on the first day itself.

Which batches were covered in this placement process?

The 42nd batch of the Post Graduate Programme (PGP) and the 23rd batch of the Post Graduate Programme in Agribusiness Management (PGP-ABM).

Where can I find the official placement announcement?

On the official IIM Lucknow website.

Frequently asked questions

Sources: The Indian Express, Education Bytes