Indian Institute of Management, Lucknow2023 Placement Report
Indian Institute of Management, Lucknow: 2023 Placement Report
IIM Lucknow (IIM L) 2023 placement report: CTC, recruiters, and sector data from the official release.
Numbers
Editorial review
Indian Institute of Management, Lucknow's 2023 placement cycle: IIM Lucknow's PGP37/PGP-ABM18 batch of 2021-23 (556 students) received 632 offers with an average CTC of Rs 32.23 lakh and a highest domestic offer of Rs 1 crore; Consulting led sector share at 36.7%; median CTC rose +3.4% versus the prior year. The longer reading and numbered takeaways below unpack what that means for sector mix, recruiter depth, and how to read average versus median.
Consulting accounted for 204 of the 556 domain-tagged offers in IIM Lucknow's PGP37/PGP-ABM18 batch of 2021-23, about 36.7%, comfortably ahead of IT and Product Management at 18.7% (104 offers) and Finance at 17.8% (99 offers), with Sales & Marketing (13.1%, 73 offers), General Management (11.0%, 61 offers) and Operations (2.7%, 15 offers) making up the rest. Accenture led all recruiters with 36 offers, trailed by Boston Consulting Group (24), Deloitte and PwC (22 each) and McKinsey & Company (18), a spread that lines up closely with the consulting-heavy sector split. With 632 offers against 556 students, the batch averaged about 1.14 offers per student, and more than 200 recruiters took part in the Final Placement Process. The Rs 32.23 lakh average ran above the Rs 30 lakh median, indicating a modestly right skewed distribution, while the Rs 1 crore highest domestic offer was well above the Rs 65 lakh highest international offer. Within Finance, recruiters skewed toward investment banking and PE/VC/hedge fund names such as Citi, Avendus and Deutsche Bank, and that domain's highest CTC of Rs 53 lakh sat against a Rs 30.9 lakh mean. This report covers IIM Lucknow's combined PGP and PGP-ABM batch of 2021-23; the institute's own report describes it as the largest batch in its 37-year history.
Key takeaways
Median CTC rose 3.4%
Median CTC rose from ₹29 LPA in the prior cycle to ₹30 LPA this year (+3.4%). That is a modest change for Indian Institute of Management, Lucknow aspirants reading this report as a signal of typical outcomes, especially for median, which is less skewed by a handful of outlier offers than average or highest CTC.
Average CTC rose 3.9%
Average CTC rose from ₹31.03 LPA in the prior cycle to ₹32.23 LPA this year (+3.9%). That is a modest change for Indian Institute of Management, Lucknow aspirants reading this report as a signal of typical outcomes, especially for median, which is less skewed by a handful of outlier offers than average or highest CTC.
Highest CTC rose 72.4%
Highest CTC rose from ₹58 LPA in the prior cycle to ₹100 LPA this year (+72.4%). That is a material move for Indian Institute of Management, Lucknow aspirants reading this report as a signal of typical outcomes, especially for median, which is less skewed by a handful of outlier offers than average or highest CTC.
Consulting led the batch at 36.7%
Consulting accounted for 36.7% of offers, or 204 offers, the largest sector share in this 2023 report. The next sector, IT and Product Management, sat at 18.7% (104 offers), so the gap between first and second is 18 percentage points. If your target function sits outside this lead sector, treat the headline placement rate as a campus-wide figure rather than a guarantee for your preferred cohort.
Top two sectors took 55% of offers
Consulting and IT and Product Management together made up 55.4% of offers, a concentrated recruiter mix. Finance was a distant third at 17.8%. Concentration is not automatically good or bad, but it does mean batch-level averages can mask thinner opportunity in secondary functions.
100% of the eligible batch placed
556 of 556 eligible students accepted offers through the campus process (100%). With essentially full participation in the reported pool, the next question is how those offers were distributed across sectors and pay bands rather than whether a seat converted.
Sector split
Hover a slice to view the percentage / count split
Top recruiters
Frequently asked questions
How did average CTC compare with the median in 2023?
Average CTC was ₹32.23 LPA and median was ₹30 LPA. The average sits above the median, so a smaller set of higher offers pulled the mean up relative to a typical package.
How does the highest CTC compare with the average in 2023?
The highest CTC was ₹100 LPA (Domestic) / ₹65 LPA (International), about 3.1x the average of ₹32.23 LPA.
Which program does this 2023 report cover?
This page covers PGP & PGP-ABM, Batch 2021-23 at Indian Institute of Management, Lucknow.
Where do these placement figures come from?
Every number on this page is transcribed from Indian Institute of Management, Lucknow's own published materials. Open the source link under the title for the original document.
Notes
Consulting accounted for 204 of the 556 domain-tagged offers in IIM Lucknow’s PGP37/PGP-ABM18 batch of 2021-23, about 36.7%, comfortably ahead of IT and Product Management at 18.7% (104 offers) and Finance at 17.8% (99 offers), with Sales & Marketing (13.1%, 73 offers), General Management (11.0%, 61 offers) and Operations (2.7%, 15 offers) making up the rest. Accenture led all recruiters with 36 offers, trailed by Boston Consulting Group (24), Deloitte and PwC (22 each) and McKinsey & Company (18), a spread that lines up closely with the consulting-heavy sector split. With 632 offers against 556 students, the batch averaged about 1.14 offers per student, and more than 200 recruiters took part in the Final Placement Process. The Rs 32.23 lakh average ran above the Rs 30 lakh median, indicating a modestly right skewed distribution, while the Rs 1 crore highest domestic offer was well above the Rs 65 lakh highest international offer. Within Finance, recruiters skewed toward investment banking and PE/VC/hedge fund names such as Citi, Avendus and Deutsche Bank, and that domain’s highest CTC of Rs 53 lakh sat against a Rs 30.9 lakh mean. This report covers IIM Lucknow’s combined PGP and PGP-ABM batch of 2021-23; the institute’s own report describes it as the largest batch in its 37-year history.