IIM Lucknow Introduces Two-Year MBA Program for Family Business Leaders

Program Details

The Indian Institute of Management, Lucknow, has launched a two-year Master of Business Administration program focused on family business. The course aims to train the next generation of business owners and family enterprise leaders to sustain business legacies and handle leadership transitions.

Admissions And Format

Applicants can submit their forms for Phase 1 until December 31, and for Phase 2 until April 2, 2027, through the official website iiml.ac.in, with the first batch scheduled to start in July 2027. To qualify, candidates need a bachelor's degree or an equivalent professional qualification like CA, CS, or ICWA from India or abroad, with at least 50 percent aggregate marks or equivalent CGPA in classes 10, 12, and graduation. Applicants must also own or be a scion of a family enterprise with a minimum business investment or annual turnover of at least Rs. 20 crore, alongside a valid score in GMAT, GRE, or the IIM Lucknow Entrance Exam. Shortlisted individuals will face a personal interview to test their leadership intent and family-enterprise engagement.

Curriculum And Structure

The course runs across six trimesters over roughly 20 months in an on-campus modular format where students visit the Noida campus once a month for about seven days. The curriculum includes 33.5 academic credits covering core management subjects, family business governance, growth strategies, and strategic venture investing. Students will also experience six family business labs, global immersion trips, international enterprise visits, and workshops that allow parents, siblings, and elders to join discussions on succession and governance.

Context

Specialized management courses tailored for family-run enterprises have gained popularity as business schools adapt to meet the unique governance and succession challenges faced by multi-generational businesses. These programs blend standard business administration principles with practical strategies designed to manage family-owned commercial ventures.