Indian Institute of Management Lucknow
(IIM Lucknow)Last Updated: Jun 10, 2026
Established
1984
Campus Size
195.00 Acres
Total Students
900
Faculty
90
Student-Faculty
10:1
IIM Lucknow Fee Structure for Management Programs
IIM Lucknow Fee Structure 2025-27
IIM Lucknow's MBA (PGP) has a total fee of ₹20,75,000 for the 2025-27 batch - significantly lower than the ABC IIMs (₹26-27.50L). This ₹6-7 Lakh difference, combined with an average CTC of ₹32.30 LPA and 100% placement, makes IIML one of the best value-for-money IIMs. The fee structure is identical across MBA, MBA-ABM, and MBA-SM programmes.
Programme-wise Fee Structure
| Programme | Duration | Total Fee (2025-27) | Previous Batch | Change |
|---|---|---|---|---|
| MBA / PGP (2-Year) | 2 Years | ₹20,75,000 | - | - |
| MBA-ABM (Agri-Business) | 2 Years | ₹20,75,000 | - | - |
| MBA-SM (Sustainability) | 2 Years | ₹20,75,000 | - | - |
| IPMX (1-Year Executive MBA) | 1 Year | ₹26,00,000 | - | - |
| PhD / FPM | 4-5 Years | NIL (Fully Funded) | NIL | - |
PGP Fee Breakdown
| Component | Amount |
|---|---|
| Tuition Fee | ₹12,50,000 - ₹13,00,000 (est.) |
| Hostel & Miscellaneous | ₹7,00,000 - ₹8,00,000 (est.) |
| Admission Fee (One-Time, Term I) | ₹1,00,000 |
| Refundable Deposits (Library, Computer, Mess) | ₹20,000 |
| AC Room Surcharge (Optional) | ₹3,500/month additional |
| Mess Charges (NOT included) | ₹95,000 - ₹1,35,000 for 2 years |
| Total Programme Fee (excl. mess) | ₹20,75,000 |
Scholarships & Fee Waivers
Need-Based (IIML): Awarded to approximately 15% of students. For families with annual income under ₹1,50,000.
Named Scholarships:
- Aditya Birla Scholarship - up to ₹1,00,000/year
- Bharti Enterprises - ₹50,000/year for underprivileged students (income <₹1,08,000)
- Ratan Tata / HUL Scholarships - ₹6,000-₹1,00,000/year range
- Merit-cum-Means (Govt. of India) - ₹2,200/year to 25% of qualifying students
SC/ST Scholarships: Government-sponsored at central and state levels - ₹1,500/year + state-level income-based scholarships.
PhD/FPM: Fully funded - ₹35,000/month (Years 1-2), ₹40,000/month (Years 3-4 post-Comprehensive). Free semi-furnished hostel. Mess at student's expense (~₹5,000/month).
Education Loans
SBI Scholar Loan and other nationalised bank loans available collateral-free up to ₹50 Lakhs for IIM students. The lower fee (₹20.75L vs ₹26-27.50L at ABC IIMs) means smaller loan amounts and faster repayment. IIML's Triple Crown accreditation strengthens loan applications.
Return on Investment (ROI)
IIML offers the best ROI among top-5 IIMs. With a PGP fee of ₹20.75L (₹22L including mess) and an average CTC of ₹32.30 LPA, the payback period is approximately 8 months - the shortest among top IIMs. The ₹6-7L fee gap vs ABC IIMs, combined with a modest ₹2-3L average CTC gap, translates to significantly better net returns in the early career years.
Fee Comparison - Top 5 IIMs
| IIM | PGP Fee | Executive MBA Fee | Avg CTC | Payback Period |
|---|---|---|---|---|
| IIM Lucknow | ₹20.75 L | ₹26.00 L | ₹32.30 LPA | ~8 months |
| IIM Ahmedabad | ₹27.50 L | ₹35.00 L | ₹35.22 LPA | ~9 months |
| IIM Bangalore | ₹26.00-26.30 L | ₹33.71 L | ₹34.88 LPA | ~9 months |
| IIM Calcutta | ₹27.00 L | ₹33.50 L | ₹34.23 LPA | ~9 months |
| IIM Kozhikode | ₹20.50 L | ₹14-16 L | ₹28.18 LPA | ~9 months |
Fees Structure at IIM Lucknow
Lowest Fees
₹250,000
Highest Fees
₹2,625,000
Courses with Fees
5
| Course | Duration | Total Fees (Approx) | Fee Breakdown |
|---|---|---|---|
|
MBA Full Time |
2 Years | ₹2,075,000 | - |
|
MBA Food and Agribusiness Management Full Time |
2 Years | ₹2,075,000 | - |
|
MBA Sustainable Management Full Time |
2 Years | ₹2,075,000 | - |
|
Executive MBA Part Time |
1 Years | ₹2,625,000 | - |
|
PhD Full Time |
5 Years | ₹250,000 | - |
Frequently Asked Questions - IIM Lucknow Fees
Q: What is the total fee for IIM Lucknow MBA?
The total MBA (PGP) fee for the 2025-27 batch is ₹20,75,000 (₹20.75 Lakhs), excluding mess charges (₹95,000-₹1,35,000 for 2 years). The same fee applies to MBA-ABM and MBA-SM programmes. This is ₹6-7 Lakhs lower than IIMA, IIMB, and IIMC.
Q: Why is IIM Lucknow cheaper than IIM Ahmedabad/Bangalore?
IIML's lower fee (₹20.75L vs ₹26-27.50L) reflects its location advantage (lower operational costs in Lucknow vs Ahmedabad/Bangalore/Kolkata), government funding patterns, and institutional pricing philosophy. The quality gap in placements (₹32.30L avg vs ₹34-35L) is modest relative to the ₹6-7L fee saving.
Q: Are mess charges included in IIM Lucknow fees?
No. Mess charges (₹95,000-₹1,35,000 for the full 2-year programme) are paid separately on a term-wise basis at actuals. AC room surcharge is also additional at ₹3,500/month if opted. The total all-inclusive cost is approximately ₹22-22.50L.
Q: What is the IPMX fee at IIM Lucknow?
IPMX (1-year executive MBA at Noida campus) costs ₹26,00,000 plus ₹20,000 refundable caution deposit and ₹5,000 alumni membership. This includes tuition, single-occupancy accommodation, food, computing, library, career counselling, and convocation. SBI provides education loan facility for IPMX students.
Q: What is the ROI of IIM Lucknow MBA?
IIML offers the best ROI among top-5 IIMs. Fee of ₹20.75L with average CTC ₹32.30 LPA gives a payback period of ~8 months - shortest among top IIMs. The ₹6-7L fee saving vs ABC IIMs, with only a ₹2-3L CTC gap, means higher net returns in early career years.
Q: Does IIM Lucknow offer fee waivers for SC/ST students?
Yes. Government-sponsored scholarships cover SC/ST students at central and state levels. Additionally, IIML's own need-based aid (for families earning <₹1,50,000/year) covers approximately 15% of students. The Bharti Enterprises scholarship provides ₹50,000/year for students from families earning <₹1,08,000.