Jaipuria Institute of Management, Lucknow

Overview

Jaipuria Institute of Management, Lucknow, was the first of the four renowned Jaipuria campuses, and is located in the heart of the city. It offers multiple degree programs, including the general PGDM course (similar to those in the top MBA colleges in India), specialized PGDM programs in Financial Services and Retail Management, a Doctoral program in Management, and Executive MBA courses.

Its distinguished full-time faculty members work with visiting faculty (drawn from the leading lights of industry and academia) to craft an academic experience that has a strong practical component. This is further emphasized by the role of the Placement Cell: it works with students from their entry to JIM Lucknow, through live projects and soft skills training sessions, and continues to support and mentor them as they sit for summer internship interviews and CV building. Finally, it ensures that the best companies in India visit the campus for final placements, and ensure that all the students are positioned to receive the best possible offers in Indian companies and MNCs.

JIM Lucknow is ranked #19 among the top MBA colleges in India (private) by Education World, and #27 by MBA Universe. This success is primarily driven by its consistent record of placement excellence, with the batch being offered an average CTC of INR 8.95 LPA. The Consulting and Banking/Financial Services Sectors accounted for 47% of all the offers made to students in the 2023-24 placement season. The most reputed companies in India and abroad made offers to students of JIM Lukcnow, including ICICI Bank, Deloitte, Croma, HDFC Bank, and Mars Wrigley.

Highlights

Fees

The fees for all three 2 year PGDM programs offered by JIM Lucknow are identical. The total tuition fee payable by students of all three programs is INR 13.5 Lakh. INR 6.8 Lakh is the fee for Year 1, and INR 6.7 Lakh is the fee for Year 2. Students must also pay a security deposit of INR 10,000 at the time of admission to Jaipuria Institute of Management, Lucknow. This will be refunded when the student completed his/her degree if no damage is caused to Institute property.

The hostel fee for students of JIM Lucknow varies according to gender and occupancy:

• Double Occupancy; Male; AC: INR 1.05 LPA.
• Double Occupancy; Female; AC: INR 1.15 LPA.
• Single Occupancy; Female; AC: INR 1.7 LPA.

Government taxes will be charged over and above the hostel fees above. Students must also budget for mess fees, and the total living costs are subject to revision on an annual basis (therefore, students may be charged more in their second year than in the first).

Admissions

Jaipuria Institute of Management, Lucknow, enforces the following eligibility criteria for its applicants:

• Candidates must have a valid Bachelor's degree from a recognized Institution of Higher Education. Students in the final year of such a degree may also apply, but only if their studies are expected to be completed by June 30, 2024 (for applicants in the academic year 2024-25).
• The aggregate percentage over all semesters of undergraduate study must exceed 50%, or equivalent CGPA.
• Candidates must submit a valid score sheet from any of these entrance tests: CAT, CMAT, XAT, MAT, or GMAT.

The application process has the following steps.

• Registering on the online application portal (central site of all four Jaipuria Institutes of Management): After submitting their personal details, candidates must also indicate their preferred Jaipuria campus (in this case, Lucknow) to start the process.
• All candidates must pay the application fee of INR 1,000 online.
• After this, students must fill up the remainder of the application form, primarily consisting of academic details, entrance exam scores, and supporting documents (e.g. college transcripts and degree certificates).
• After scrutinizing all applications, Jaipuria Institute of Management, Lucknow, shortlists a certain number of candidates (this number varies based on the quality of applications) and invites them for the final round of selection.
• In the last two rounds, candidates are assessed based on case studies and personal interviews.

The final merit list is prepared with consideration given to the different parameters of selection as follows:

• 45%: Percentile score in the MBA entrance test.
• 20%: Performance in the Personal Interview (PI) round.
• 15%: Performance in the Case Study round.
• 15%: Academic performance (Standard 10, 12, and undergraduate).
• 5%: Work experience, sports excellence, and participation in extracurricular activities.

Within two weeks of the PI round, JIM Lucknow will release the list of selected candidates, along with decisions on scholarships, if applicable. Students must accept the offer by paying the first installment of the tuition fees.

Placements

JIM Lucknow’s placement statistics cement its position as one of the top MBA colleges in India. Here are some highlights:

• Major recruiters: Multiple Fortune 500 companies recruit from the JIM Lucknow campus:
  • Financial Services Firms: HDFC Bank, SBI, Bandhan Bank, ICICI Bank.
  • Consulting Firms: Deloitte, PWC.
  • Marketing Departments: Amul, Exide, Kantar.
  • Retail Majors: Croma, Lava Mobiles, Whirlpool, TVS.
• Highest salary offered : INR 22 LPA.
• Number of recruiting companies: 375.
• Major sectors recruiting students from JIM Lucknow: Finance, Marketing, Operations, Analytics, Human Resources.
• 25% growth in the latest placement season, primarily driven by exponential increase in IT and ITES Consulting offers.
• The average CTC for different segments of the student body was:
  • Top 10%: INR 12.34 LPA.
  • Top 20%: INR 11.08 LPA.
  • Top 50%: INR 9.96 LPA.
  • Entire Placement Batch: INR 8.95 LPA.

Cut-Offs

The only cut-off related to admission to any of the three PGDM programs at Jaipuria Institute of Management, Lucknow, is based on the aggregate percentage or CGPA across all semesters of undergraduate study. This must be at least 50% (or equivalent CGPA) for the student to qualify. There is no MBA entrance exam cut-off for any of the options e.g. CAT, GMAT. However, a better score improves the chances of being shortlisted for the final case study and personal interview round, and of qualifying for the final merit list.

Faculty & Alumni

Jaipuria Institute of Management, Lucknow, is home to 42 highly qualified full time Faculty members, including full, Associate, Adjunct, and Assistant Professors. Different Faculty members lead the various PGDM specializations, including Finance, Marketing, Human Resources, International Relations, and Operations Management. There are also distinguished visiting Faculty members, who conduct guest lectures and workshops to help students understand the latest techniques used in their industries of interest.

Alumni of Jaipuria Institute of Management, Lucknow, are employed in senior positions in India and abroad. Some examples of senior roles to which the alumni have ascended within 1-2 decades of graduation are Senior Director - Human Resources, Vice President - People Analytics, Lead - Supply Chain & Transport, and Vice President - Marketing. JIM Lucknow also has a successful Alumni Mentorship Program, which further enhances the industry readiness of the students and helps them aspire to the right career goals while also equipping them with the skills needed to achieve all their aims.

Scholarships

Jaipuria Institute of Management, Lucknow, offers three kinds of scholarships to its students based on need and academic merit:

1. IDFC First Scholarship: This is the most prestigious financial aid option at JIM Lucknow, and is awarded to all students who are admitted to the Business School, and whose families have an annual income less than INR 6 Lakh. The total value of the IDFC First Scholarship is INR 2 Lakh, paid over two years; therefore, it is worth more than 15% of the total tuition fee. In the most recent batch, approximately 10% of the students were awarded this scholarship. Since it is completely supervised by an external organization, the Institute has no part to play in deciding the terms and conditions of selection.

2. Sibling Scholarship: All siblings of students studying in any of the Jaipuria Institutes of Management (e.g. in the other campuses in Noida, Indore, and Jaipur) will receive a reduction of INR 1 Lakh in the total tuition fee payable, split equally between the two years of study.

3. Education Loans: Jaipuria Institute of Management is an approved partner institution for the SBI Scholar Loan Scheme. As one of the top MBA colleges in India, it also has partnerships with other leading banks and NBFCs to offer education loans with the best interest rates and payback terms.

Preparation & FAQs

The preparation of a candidate for admission to any of the PGDM programs at JIM Lucknow has three dimensions:

1. Entrance Test: This is the most important factor in the final selection, with 45% weightage. After choosing their entrance test, candidates should prepare through a mixture of classroom learning, mock tests, and sample papers to ensure that they are familiar with the format and skilled enough to answer accurately and within the time limit.

2. PI Round: This has 20% weightage, and the key success factors are the ability to communicate clearly and in coherent English. Presence is also an important factor, and students should attend soft skills workshops to improve their confidence.

3. Case Study: This has 15% weightage, and students should read up common interview case studies (specifically from the consulting sector) and practice the best structures to come up with 3 minute answers that solve all the issues listed in the question.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Lucknow?

Jaipuria Institute of Management, Lucknow, is one of the best MBA colleges in India, and is a contender for best Business School in Lucknow. It is ranked #66 among all Private Business Schools in India, according to the IIRF 2023 ranking list.

Q. What are the advantages of the PGDM (Financial Services) program at Jaipuria Institute of Management, Lucknow?

The Financial Services PGDM program trains students in the key skills of banking, insurance, and investments. It facilitates careers in finance, business analytics, mortgage lending, and mutual funds.

Q. What are the advantages of the PGDM (Retail Management) program at Jaipuria Institute of Management, Lucknow?

The Retail Management PGDM program equips students with expertise in both traditional retail and e-commerce. It emphasizes practical skills, with case studies supplementing frequent live projects and a domain-specific summer internship.

Q. How can applicants to Jaipuria Institute of Management, Lucknow, attend the Case and Personal Interview (CAPI) rounds?

The CAPI rounds are held in multiple cities across India, and students need not necessarily visit the Lucknow campus. In the 2024 admission season, 11 different cities host JIM interviews, primarily in North and East India.