IIM Lucknow is not redundant for an IIT graduate but its value depends on specific career goals — it provides significant benefits for function change (tech to consulting, banking, general management), brand enhancement for senior roles, and business skills development. For IIT graduates on strong FAANG technical tracks, the marginal MBA value is smaller since tech compensation is competitive.
Value of IIM L for IIT graduates:
For IIT graduates in tech (FAANG, top startups): - Pre-MBA: Rs 20-35 LPA at FAANG/top firms - Post-MBA IIM L: Rs 30-35 LPA (similar or slightly higher) - Salary uplift modest: Rs 5-15 LPA - Net benefit: brand + function change + network
For IIT graduates in IT services: - Pre-MBA: Rs 10-18 LPA - Post-MBA IIM L: Rs 30-35 LPA - Significant uplift: Rs 12-25 LPA - Transformative career
For IIT graduates in consulting/banking pre-MBA: - Pre-MBA: Rs 15-25 LPA - Post-MBA IIM L: Rs 32-35 LPA - Moderate uplift: Rs 7-20 LPA - Function deepening or pivot
Fees and investment: - IIM L fees: Rs 22L - Foregone salary (if Rs 20 LPA pre-MBA): Rs 40L over 2 years - Total investment: Rs 65-75L including living
For most IIT graduates considering IIM L: - 5-10% significant brand benefit - 15-20% fee value through function change - 30-40% general career acceleration - 25-30% marginal additional value
IIT + IIM L combination delivers: - Strong dual-brand signal for recruiters - IIT analytical + IIM business training - Senior role access in consulting, finance, general management - Alumni network compounding
For IIT graduates at Rs 25+ LPA in tech already: - Consider IIM L for function change only - Target ISB or international MBA for broader career - Evaluate if MBA adds specific value
For IIT graduates at Rs 15 LPA in IT services: - IIM L clearly valuable (function change + brand) - Rs 22L fees sustainable - Strong career acceleration
Decision framework: - Current tech salary Rs 25+ LPA with trajectory: IIM L marginal - Function change needed: IIM L valuable - Career pivot: IIM L essential - IT services career stagnating: IIM L transformative
Check your eligibility at collvera.com/eligibility