The shortlisted candidates based on GMAT or the written examination go through the Writing Ability Test and Personal Interview (WAT & PI) to get final selection.

A number of b-competitions, cultural and sports events are organised by various clubs, academic interest groups and committees throughout the year.

[5] Noted academic Ishwar Dayal played a significant role in setting up the institution; he served as the founding director of IIM Lucknow for four years.

The academic buildings are constructed in medieval Indian architectural style with red brick wall texture.

The 15,000 sq ft computer centre has a fibre optic backbone network and provides wireless connectivity to all the buildings in the campus.

[27] The Management Development Block (Manthan) catering to the short-term executive programs has exclusive library, computer centre and guest house (Patanjali) for participants.

A fitness and recreation centre (Umang) was set up in 2010,[32] which houses a gymnasium, swimming pool, squash, and billiards.

[38] Tree plantation campaign is undertaken every year on the foundation day[39] and the campus, which was started in barren lands, has been converted into an ecosystem consisting of peacocks, monitor lizards, snakes, porcupines, monkeys, Great Indian horned owl and other birds.

[23] IIM Lucknow is an autonomous institution established as a registered society under the Union Ministry of Human Resource Development, Govt.

[31] MHRD issued a letter in September 2014 (DO 4/4/2013-TS.V)) addressed to Jamshed J Irani,[48] chairman, board of governors, IIM-L.

The institute did not execute the order and incumbent director Devi Singh who completed his six months of extension period, on 8 September did not leave office even after receiving the letter.

[49] The allegations against Devi Singh, who served two term as director of IIM-L, ranges from nepotism to mismanagement of accounts.

The Central Vigilance Commission also asked the HRD ministry to 're investigate' allegations of corruption against Devi Singh.

These are two-year programs, with the first year stretching from June to March in three ten-week trimesters, after which students undergo a two-month summer internship with a company or organisation.

[53][54] IIM Lucknow has student exchange relationships with 24 leading B-schools in Europe, USA, Canada, Singapore, and China.

They are evaluated based on examinations, projects, quizzes, presentations, and class participation under a relative grading system.

[58] Academic learning is supplemented by live projects, management competitions, guest lectures, and interactions with alumni and industry leaders organised by committees.

It has an International Module also initiated from 2017, students will visit one of the top university in Europe as a part of this exchange program, they will have a 1 credit subject being taught there.

[62] Management Development Programmes (MDP) are tailor made programs to train executives in specific industry, government, and non-governmental organisations.

[66] In October 2019, IIM Lucknow in collaboration with WileyNXT has introduced a six-month program in business and data analytics.

[70] Admission in Fellow program is through CAT, GATE, UGC/CSIR/ICAR-JRF/SRF or GMAT/GRE score and other secondary area specific parameters based shortlisting, followed by rigorous interview process.

[74] The candidates are called for group discussions and personal interviews, conducted in cities in India in the months of February and March.

[76] Admission to the PGPM-WE (WMP) program are done based on GMAT score or a competitive written examination conducted by IIM Lucknow.

The short listed candidates based on GMAT or the written examination go through Writing Ability Test and Personal Interview (WAT & PI) to get final selection.

[80] A T20 cricket league tournament called as Harmony Cup is conducted every year with 30 teams involving 250 students.

The three-day event hosts many management contests, leadership summits, and other inter college quizzes and sports and cultural competitions.

[90][91] Samvit, the annual leadership summit of IIM Lucknow witnesses some of the financial leaders and economists of the country with whom students get an opportunity to interact.

[92] "Bhukkad" and "Gossip and Bite" (popularly known as "G&B") are two student run food ventures in the campus and are passed on to the next cohort every year.

[40] The Entrepreneurship Cell conducts a competition called "Bizness", where all participants are given a seed capital of ₹ 2000 to run any business in the campus for two days and earn profits.

[95][96] A classical cultural night "Aarohan" is organised by the IIM Lucknow chapter of SPIC MACAY in the month of August.