Indian Institute of Management Lucknow
(IIM Lucknow)Last Updated: Jul 31, 2026
Established
1984
Campus Size
195.00 Acres
Total Students
900
Faculty
90
Student-Faculty
10:1
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
6
| 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 | - |
|
B.Sc Full Time |
4 Years | ₹2,000,000 | - |
|
PhD Full Time |
5 Years | ₹250,000 | - |
|
Fellow Programme in Management Full Time |
4 Years | - | - |
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.
Disclaimer: Fee structures listed for IIM Lucknow including tuition, hostel and other charges are compiled from publicly available sources and are subject to revision each academic year. Actual fees may vary by programme and category. Confirm current fee details on the official IIM Lucknow website before making any financial decisions.