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IIM Lucknow or IIM Indore? Which B-School to Choose?

This article is a comparison guide between the two popular Indian Institutes of Management, Indore and Lucknow. Additionally, this article also gives information about the specialisations offered, the fee structure for the upcoming academic year, and the entrance exams required to seek admission.

Pratyasha Chaturvedi
Jun 13, 2025, 17:04 IST
IIM Lucknow Vs IIM Indore
IIM Lucknow Vs IIM Indore

The Indian Institutes of Management (IIMs) are premier institutions dedicated to providing high-quality management education and training, management consulting services, and research in various sectors of the Indian economy. There are around 7 famous Indian Institutes of Management across India, and they are as follows:-

  • Kozhikode
  • Bangalore
  • Lucknow
  • Ahemdabad
  • Kolkata
  • Indore
  • Shillong

The Indian Institutes of Management are acknowledged as premier management institutes which are on par with the best in the world in terms of teaching, industry interaction and research. These management institutes conduct research for the non-corporate and underdeveloped sectors, such as rural development, public systems management, energy, agriculture, health education and habitat, etc.

IIM Lucknow Vs. IIM Indore

The Indian Institute of Management Indore and the Indian Institute of Management Lucknow are two very renowned and sought-after institutes of management by students wanting to pursue their careers in the field of management. 

The Indian Institutes of Management offer several fellowship programs in management, post-graduate diploma programs in management, short-term management development and organisation-based programmes, as well as industry research and consulting.

IIM Lucknow

The Indian Institute of Management, Lucknow, is the 4th management school of India, established in 1984 following  IIM Ahmedabad, IIM Calcutta, and IIM Bangalore. 

The institute offers a postgraduate program in management (PGP), fellow program in management (FPM), management development program (MDP), postgraduate program ( working managers program)at its Noida campus and also offers a research program and an International Exchange program.

IIM Indore

To provide a high-quality management education and training, the Department of Higher Education, Ministry of Education, Government of India, founded the Indian Institute of Management Indore in 1996, as an Institution of Excellence. 

The Indian Institute of Managment, Indore, provides postgraduate and executive postgraduate program, a fellow program in management (FPM), a general management program for defence officers (GMP), a short term management development program (MDP) aimed at developing the managerial skills of industry executives or managers, and a Broad Band Based Management Programme - 

  • PG Certificate in Management 
  • PG Certificate Programme in Sales and Marketing

Below is the list of comparisons between IIM Lucknow and IIM Indore, giving a brief overview:-

Particulars
IIM Lucknow
IIM Indore
NIRF Rankings 2024
7th Rank
8th Rank
Establishment Year
1984
1996
Entrance Examinations
  • CAT
  • GMAT
  • XAT
  • GATE
  • PGPWE
  • GRE
(For some other programs offered by the institute.)
  • IPMAT (for integrated programs)
  • CAT
  • GMAT
  • GATE
  • GRE
(For other programs offered by the institute.)

Specialisations Offered at IIMs

For aspirants seeking admission to the Indian Institute of Management Lucknow and Indore, a variety of postgraduate and doctoral degrees in management are available. These IIMs provide a variety of specialisations. These courses might also help you establish a solid foundation for your future job.  The primary management programs include the postgraduate program in management, the fellow program in management, and additional master's programs offered by other established IIM departments.

Below is a comparison table between IIM Lucknow  and IIM Indore  and the various specialisations  offered by them:-

                            Specialisations Offered by the Indian Institutes of Management 
IIM Lucknow
IIM Indore
Economics
Decision Science
Business Environment (Economics)
Communication
Finance and Accounting
Humanities and Social Sciences
Information Systems
Operations Management
Organisational Behaviour
Marketing
Human Resource Management
Operations Management and Quantitative Techniques
Strategy

Fee Structure of the IIMs

The Indian Institute of Management Indore and Lucknow have different fee structures for different courses being offered by these institutes. Below is a table of comparison between the total fees that a candidate has to pay, including everything, for some of the programs submitted for admission to IIM Lucknow and IIM Indore:-

IIM Lucknow Program
Fee Structure
IIM Indore Programs
Fee Structure
Post Graduate Program (ABM) 
  • INR 10,95,000 (AY 2025-26)
  • INR 9,80,000 (AY 2026-27)
Post Graduate Program (Management)
  • INR 11,04,000 (AY 2025-26)
  • INR 10,11,800 (AY 2026-27)
Post Graduate Programme in Sustainable Management
  • INR 10,95,000 (AY 2025-26)
  • INR 9,80,000 (AY 2026-27)
Post Graduate Programme in Human Resource Management
  • INR 9,04,700 (AY 2025-26)
  • INR 9,37,500 (AY 2026-27)
Post-Graduate Program in Management for Working Executives (PGPWE)
  • INR 11,00,000
(For academic year 2025-2027)
Post Graduate Program in Management for Working Executives
  • INR 17,60,000
(For academic year 2025-2027

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