IIM Lucknow announced the completion of summer placements for its 2026-28 PGP and PGP-ABM batches with 100% placement and over 600 offers, on Tuesday. The average monthly stipend rose 3% year-on-year from ₹1.67 lakh to ₹1.72 lakh and the median increased 1.7% from ₹1.72 lakh to ₹1.75 lakh.

However, the highest domestic stipend fell to ₹3.5 lakh a month from ₹3.95 lakh in the previous placement cycle. More than 350 offers were secured on the first day of the placement process.

The batch comprised 119 freshers and 459 students with work experience. Internship opportunities spanned consulting, finance, marketing, product management, operations and retail, and e-commerce, among others.

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“What is particularly encouraging is not only the continued growth in stipend levels, but also the breadth and quality of opportunities offered across consulting, finance, marketing, product management, operations, retail and e-commerce,” said Prem Prakash Dewani, placement chairperson at IIM Lucknow, in a statement. He highlighted participation of longstanding recruiters alongside first-time employers.

Established recruiters included Accenture, Aditya Birla Group, Adobe, Alvarez & Marsal, American Express, Amazon, Avendus, Axis Capital, Bain & Company, Bernstein, Boston Consulting Group, Citi Group, Colgate-Palmolive, Deloitte, Deutsche Bank, EY Parthenon, Godrej, Google, Goldman Sachs, HUL, ITC, J.P. Morgan Chase, Kearney, KPMG, Mastercard, McKinsey & Co., MMT, Pidilite, Procter & Gamble, PwC, Reckitt, Reliance, Tata Administrative Services, and VISA.

First-time recruiters included Arvind Fashions, Bayer, Coca-Cola, Cummins, DBS, Expedia Group, Firstsource, Flipkart, Groww, IBM, JioStar, Kwality Walls, MedhaviOne, NRI Consulting, o3 Capital, Positive Moves, Premji Invest, Renew Power, RPG, Samara Capital, Simson, Swiggy, and more.

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Adani Group also participated, offering selected interns a tuition waiver in addition to a stipend. The institute did not disclose how many students received the waiver or its monetary value.

The placement process covered the 42nd batch of the Post Graduate Programme and the 23rd batch of the Post Graduate Programme in Agribusiness Management.