IIM Lucknow MBA in Family Business: ₹20 Crore Eligibility Rule, Fees and Dates
IIM Lucknow has introduced a two-year MBA in Family Business for owners and successors of family-run enterprises. Starting in July 2027, the programme will focus on succession planning, governance, leadership and business growth, with a ₹20 crore business threshold for applicants.
IIM Lucknow has launched a two-year MBA in Family Business to prepare the next generation of leaders to manage and expand family-owned enterprises. The programme will begin in July 2027 and combine management education with practical training in succession planning, governance and business transformation.
Applicants must be owners or successors of a family business with an annual investment or turnover of at least ₹20 crore. They must also hold a bachelor’s degree or an equivalent professional qualification, with at least 50% aggregate marks in Classes 10, 12 and graduation.
Candidates need a valid GMAT or GRE score or a score from the IIM Lucknow Entrance Exam. Shortlisted applicants will be invited for a personal interview assessing their involvement in the family enterprise and leadership goals.
Curriculum and learning structure
The curriculum will cover strategy, finance, digital transformation, governance, succession and generational transitions. Participants will also develop a five-to-10-year Business Transformation and Growth Plan for their enterprises.
Six Family Business Labs will guide students through business assessment, strategy, succession planning, innovation and venture investing. The programme will include case-based learning, simulations, international exposure and selected workshops involving family members.
Classes will follow a modular, on-campus format at IIM Lucknow’s Noida campus, with approximately seven days of attendance each month. The programme will span six trimesters over around 20 months.
Application deadlines
The last date to apply for Phase 1 is December 31, 2026, while Phase 2 applications close on April 2, 2027.
