LUCKNOW — The Indian Institute of Management Lucknow (IIM Lucknow) has officially launched a new two-year Master of Business Administration (MBA) in Family Business for the upcoming 2027–29 academic batch. Tailored specifically for next-generation leaders, entrepreneurs, and business owners, the program aims to bridge traditional business wisdom with modern management strategies, leadership skills, and succession planning.
The inaugural batch of this specialized program is scheduled to commence in July 2027. Classes will follow an executive-friendly on-campus modular structure at IIM Lucknow’s Noida campus, taking place once a month for approximately seven days to allow working executives and business successors to balance education with their enterprise operations.
The curriculum is structured around modern governance, cross-generational transition, scaling strategies, and corporate restructuring. Core components of the program include:
Practical Experiential Learning: Delivered through specialized Family Business Labs, practical industry projects, and a dedicated capstone assignment.
Growth Blueprint: Every participant will develop a tailored 5-to-10-year Business Transformation and Growth Plan directly applicable to their own family enterprise.
Optional Global Immersion: An optional international module offering direct exposure to global family business models, governance structures, and international markets.
The total investment for the two-year program varies based on whether candidates opt for the optional international exposure module or research dissertation:
Base Program Fee: INR 25 Lakh (excluding applicable taxes and mandatory additional charges).
Without Global Immersion: Approximately INR 28.30 Lakh plus applicable taxes (inclusive of basic tuition, administrative, and dissertation/project components).
With Global Immersion: Approximately INR 35.30 Lakh plus applicable taxes.
Component Add-Ons:
Global Immersion Module: Approximately INR 10 Lakh at actuals.
Dissertation Option: INR 3 Lakh.
Admission to the IIM Lucknow MBA in Family Business is based on a holistic evaluation process designed to assess leadership capability, business potential, and academic standing.
Candidates can apply using valid scores from any of the following examinations:
GMAT
GRE
IIM Lucknow Entrance Test (administered specifically for program applicants)
The final merit list will be generated by combining the weighted scores across all three evaluation parameters.
Interested candidates can submit their applications online through the official IIM Lucknow admissions portal:
Phase 1 Registration Deadline: December 31, 2026
Phase 2 Registration Deadline: April 2, 2027
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