Shaping Next-Generation Enterprise Leaders

The Indian Institute of Management (IIM) Lucknow has officially announced the launch of a specialized two-year MBA in Family Business at its Noida campus, catering to the 2027-29 academic batch. Designed specifically for business owners and successors, the curriculum aims to bridge traditional entrepreneurial acumen with modern corporate governance.

The program focuses extensively on core management principles, advanced finance, strategic business mapping, and digital transformation. Rather than following conventional placement tracks, the curriculum prioritizes practical intervention through hands-on family business projects. A key highlight of the coursework involves the creation and execution of a comprehensive 5-to-10-year Business Transformation and Growth Plan tailored to each participant's enterprise.

Admissions and Selection Criteria

Prospective candidates seeking admission must navigate a rigorous multi-stage evaluation process. The institute will accept scores from standardized tests including the GMAT, GRE, or the dedicated IIM Lucknow entrance examination.

The final selection weightage is distributed across three primary pillars:

* Standardised Test Score: 30% * Academic and Professional Profile: 30% * Personal Interview: 40%

The personal interview will serve as a critical evaluation benchmark, focusing on the candidate's comprehension of their family-run enterprise, interpersonal communication, intellectual capability, and overall leadership personality.

Fee Structure and Program Financials

The core tuition fee for the non-residential program is set at Rs 25 lakh, exclusive of applicable taxes and auxiliary charges. Depending on specialized academic modules chosen by the participants, the estimated total financial commitment varies:

* Standard Track (Without Global Immersion): Rs 28.30 lakh plus applicable taxes. * Enhanced Track (With Global Immersion): Approximately Rs 35.30 lakh plus applicable taxes, factoring in an approximate Rs 10 lakh actual cost for the global immersion module. * Dissertation Option: Additional Rs 3 lakh.

Additionally, students must account for mandatory caution deposits, alumni association dues, and convocation fees. Because the program operates on a non-residential format, hostel and mess accommodations are not built into the standard fee. Students will also be billed a term fee of Rs 15,000 for daily operational catering on class days, subject to periodic revisions by the institute administration.