Two of India’s premier management institutes, the Indian Institute of Management Lucknow and the Indian Institute of Management Mumbai are dream schools for many aspiring management students. In the NIRF Rankings 2024, IIM Lucknow has secured rank 7 while IIM Mumbai has secured rank 6, in fact, since 2021, both of the institutes have secured a rank in the top 10 of the management category of NIRF Rankings. So, what sets these institutes apart? Beyond their distinguished faculty, advanced courses, research facilities, and impressive campuses, one major differentiator is their placement records. Today, we will compare which of these esteemed IIMs excels more in terms of placements.
Placement Records: A comparative between IIM Lucknow and IIM Mumbai
So which institute is better in terms of placement records? Here is a look at the last three years’ data of both the institutes published by the National Institutional Ranking Framework (NIRF) under the management category 2024:
(PG 2 Year Programme)Academic Year
| IIM Lucknow
| IIM Mumbai
|
2020-21
| Number of students graduated: 507
| Number of students graduated: 519
|
Number of students placed: 507
| Number of students placed: 519
|
Median salary: Rs. 23.5 Lakh
| Median Salary: Rs. 25.8 Lakh
|
2021-22
| Number of students graduated: 519
| Number of students graduated: 521
|
Number of students placed: 519
| Number of students placed: 521
|
Median salary: Rs. 29 Lakh
| Median Salary: Rs. 31 Lakh
|
2022-23
| Number of students graduated: 591
| Number of students graduated: 490
|
Number of students placed: 591
| Number of students placed: 490
|
Median salary: Rs. 30 Lakh
| Median salary: Rs. 32 Lakh
|
In a comparative analysis of the two-year postgraduate programs at IIM Lucknow and IIM Mumbai from the academic years 2020-21 to 2022-23, both institutions have shown steady growth in terms of graduate placement and median salary packages. IIM Lucknow saw a consistent increase in the number of students graduating on time, rising from 507 in 2020-21 to 591 in 2022-23. Similarly, the median salary offered to graduates increased from Rs. 23.5 lakh in 2020-21 to Rs. 30 lakh in 2022-23.
On the other hand, IIM Mumbai, though starting with a slightly higher number of graduates (519 in 2020-21), experienced a slight dip in 2022-23, with 490 students graduating on time. However, the median salary at IIM Mumbai has shown more significant growth, climbing from Rs. 25.8 lakh in 2020-21 to Rs. 32 lakh in 2022-23, consistently outpacing IIM Lucknow's figures in terms of salary offers.
Overall, while IIM Lucknow has seen more students graduating, IIM Mumbai has offered higher median salaries to its graduates, making it stand out in terms of financial outcomes.
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