IIM Lucknow MBA Fees: Fee Structure, Hostel Charges and Placement Insights

IIM Lucknow’s MBA (PGP) fee for the 2-year program is approximately ₹20.5–₹21 lakh, covering tuition, hostel accommodation, and other academic expenses. The tuition component is around ₹12.5–₹13 lakh, while the remaining ₹7–₹8 lakh includes hostel and miscellaneous charges. In addition, students need to pay mess charges separately, which usually amount to ₹20,000–₹25,000 per semester. Although the fee is relatively high, IIM Lucknow offers excellent return on investment through strong placement records and high average salary packages, making it a preferred choice among MBA aspirants.

IIM Lucknow MBA Fee Structure Overview

The total IIM Lucknow MBA fees for the 2024-26 and 2025-27 academic cycles are approximately INR 20.75 Lakhs. This fee remains consistent for the PGP (General), PGP-ABM (Agribusiness Management), and PGP-SM (Sustainable Management) programs.

The fee is generally divided into several components, such as tuition fees, infrastructure fees, and refundable deposits. Below is a summary of the total estimated costs for different programs:

IIM Lucknow MBA Fees Per Semester

The institute requires students to pay the IIM Lucknow MBA fees per semester (or per term) to ensure a smooth financial flow throughout the program. Each academic year is divided into three terms.

• First Term Payment: Upon accepting the admission offer, candidates must pay an acceptance fee (approx. INR 50,000), which is later adjusted against the first-term fees. The total payment for the first term is approximately INR 4.45 Lakhs, which includes a one-time admission fee and refundable deposits.

• Subsequent Terms: The fees for the following terms (Term II to Term VI) typically range between INR 3.25 Lakhs to INR 3.30 Lakhs per term.

*Note: The Infrastructure Fee covers computer/network maintenance, digital library resources, books, and hostel maintenance.

IIM Lucknow MBA Fees with Hostel

As a fully residential program, the IIM Lucknow MBA fees with hostel maintenance are integrated into the "Infrastructure Fee" component mentioned above. However, students should note the distinction between hostel maintenance and daily living expenses:

1. Accommodation: The hostel maintenance fee (included in the INR 20.75 Lakhs) covers the stay in fully furnished rooms.

2. AC Facilities: Students opting for air-conditioned rooms may need to pay an additional charge of approximately INR 3,500 per month.

3. Mess Charges: Mess fees are not included in the total tuition fee and are payable on an actual basis every term. On average, these range from INR 95,000 to INR 1.35 Lakhs for the entire two-year duration.

IIM Lucknow MBA Fees After CAT

Securing admission after the CAT (Common Admission Test) involves a rigorous multi-stage process. Once a candidate receives an admission offer, they must confirm their seat by paying the acceptance fee.

The IIM Lucknow MBA fees after CAT can be managed through various financial aids:

• Need-Based Scholarships: IIM Lucknow offers financial assistance to students from economically weaker sections based on eligibility criteria revealed during admission.

• Government Schemes: Students can apply for central and state-level merit-cum-means scholarships.

• Education Loans: Most major banks provide collateral-free loans to students of IIM Lucknow given the institute's high reputation.

IIM Lucknow MBA Average Package and Placements

The ROI (Return on Investment) for the IIM Lucknow MBA fees is reflected in its stellar placement records. Despite global economic shifts, the institute has maintained 100% placements for its recent batches.

• IIM Lucknow MBA Average Package (2024): The average CTC stood at INR 30 LPA.

• Median Package: The median salary for the 2024 batch was INR 27 LPA.

• Highest Package: The highest domestic package reached INR 1.23 Crore per annum, while the highest international package was INR 65 LPA.

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