IIM Lucknow MBA in Family Business is a new two-year programme at the Noida campus. The course is open only to owners or heirs of family firms with a turnover of at least Rs 20 crore.
Phase 1 applications close on December 31, 2026.
The listed programme fee is Rs 25,00,000. The full cost is higher. IIM Lucknow puts the total at Rs 28,30,000 without the global immersion trip.
With the trip, it rises to about Rs 35,30,000. Both figures are before taxes.
There is more to budget for. Students pay Rs 15,000 a term for food on class days.
The course is non-residential, so hostel and mess charges are extra. The programme offers no placement support.
What is the IIM Lucknow MBA in Family Business?
The IIM Lucknow MBA in Family Business is a two-year degree for owners and heirs of family firms. Classes are held at the Noida campus.
The format is modular. Students come to campus for seven days each month.
The rest of the learning happens around their own business. The course has six trimesters and 33.5 credits.
Who is eligible for the IIM Lucknow MBA in Family Business 2027?
Eligibility is narrow. The applicant must own a family firm, or be a next-generation heir set to run it.
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The family firm must have a turnover or investment of at least Rs 20 crore a year.
A bachelor’s degree is needed, or a CA, CS or ICWA qualification. The applicant must also have 50% marks in Class 10, Class 12 and the degree.
Fifteen years of formal schooling is the minimum.
What does the MBA in Family Business cost?
The headline fee is Rs 25,00,000. That is not the full bill.
The listed total is Rs 28,30,000 if a student takes the dissertation route. It rises to about Rs 35,30,000 for students who join the optional global immersion abroad.
Taxes apply on top. The fee is paid in stages across the six terms.
| Fee | Amount |
|---|---|
| Programme fee | Rs 25,00,000 |
| Total without global immersion | Rs 28,30,000 + taxes |
| Total with global immersion | About Rs 35,30,000 + taxes |
| Food per term (class days) | Rs 15,000 |
| Refundable caution money | Rs 10,000 |
The fee does not include a hostel room or meals beyond class-day snacks.
How are candidates selected for the MBA in Family Business?
Selection has three parts. The test score carries 30% weight. The academic and professional profile carries another 30%.
The personal interview carries the largest share at 40%. Inside the interview, a presentation on the applicant’s own family business counts for 20%.
Shortlisting is based first on the test score.
Can I apply without a GMAT or GRE score?
Yes. IIM Lucknow also runs its own entrance exam as an alternative. The test is held offline at the Noida campus.
It has 100 multiple-choice questions and runs for 120 minutes. It covers English, reasoning and maths.
GMAT and GRE are foreign admission tests. This exam lets applicants skip both.
When do IIM Lucknow MBA in Family Business applications close?
Applications run in two phases. Phase 1 closes on December 31, 2026. Phase 2 closes on April 2, 2027.
The Phase 1 entrance exam is set for January 2027. Interviews follow in March 2027.
The first batch starts in the first week of July 2027. IIM Lucknow lists all these dates as tentative.
Phase 1 is the nearer deadline. It closes on December 31, 2026.
Frequently Asked Questions
Who can apply for the MBA in Family Business?
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What is the total fee for the MBA in Family Business?
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When does the first MBA in Family Business batch start?
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Does the programme offer campus placements?
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Is the global immersion trip compulsory?
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Last verified: October 29, 2026
Disclaimer: Dates, fees, cutoffs and eligibility can change without notice. Check with IIM Lucknow before you act.
