Good news for students studying management has emerged. The Indian Institute of Management (IIM) Lucknow has concluded the summer placement phase for its 2026-28 batch. 578 postgraduate (PGP) and Post Graduate Programme in Agribusiness Management (PGP-ABM) students received over 600 internship offers.
During this process, the highest internal stipend reached 3.5 lakhs per month. Additionally, the Adani group offered selected interns a discount on tuition fees along with the stipend.
The maximum internal stipend during the summer placement at IIM Lucknow was 3.5 lakhs per month. The median stipend was recorded at 1.75 lakhs per month. According to the institute, the average stipend for 75 percent of the batch students was 1.5 lakhs per month. On the first day of the placement process, students received over 350 offers. A 100% employment rate was recorded for the entire batch, meaning all 578 students participating in the summer internship received offers.
Many renowned companies participated in this year's summer placements. These included long-standing recruiters such as Google, Amazon, Adobe, American Express, Bain & Company, Boston Consulting Group, McKinsey & Company, Accenture, Deloitte, Goldman Sachs, JP Morgan Chase, Kearney, and KPMG. Furthermore, internship opportunities were provided by Aditya Birla Group, Citygroup, Deutsche Bank, EY-Pathenon, Hindustan Unilever (HUL), ITC, Mastercard, Procter & Gamble (P&G), PwC, Reliance, Tata Administrative Services, and Visa.
New recruiters also participated in the institute's summer placements this year. These include Flipkart, Swiggy, Gro, Coca-Cola, IBM, Bayer, DBS, Expedia Group, JioStar, Renew Power, Premji Invest, and Samara Capital. The participation of these companies expanded internship opportunities for students across various business domains, giving them a chance to work in different commercial sectors.
The participation of the Adani group this year was unique. According to the institute, the group offered selected interns a discount on tuition payment alongside the stipend. This can provide financial support to the selected students during the internship and ease educational expenses.
During the summer placements, students were offered internships in fields such as consulting, finance, marketing, product management, operations, retail, and e-commerce. Working in these areas will allow students to gain practical experience alongside their studies. Out of the 578 students in this batch, 119 are first-year students, and 459 students have prior work experience. Companies selected candidates for internships based on their qualifications and experience, whether they were first-year students or experienced professionals.
Professor Prem Prakash Divani, Chairman of Placements at IIM Lucknow, noted that the participation of new companies alongside established recruiters demonstrates industry confidence in the institute. He stated that students had access to opportunities in areas such as consulting, finance, marketing, product management, operations, retail, and e-commerce. He added that the institute will continue to strengthen its industry ties. Thus, in the summer placement phase of the 2026-28 batch at IIM Lucknow, 578 students received over 600 offers, achieving a 100% employment rate. The highest internal stipend was 3.5 lakhs per month. However, he emphasized that this figure pertains to the summer internship and not permanent employment after graduation.