IIM Lucknow Launches MBA in Family Business: No CAT Score Required; Apply at iiml.ac.in

IIM Lucknow has launched a new MBA course majoring in Family Business. Candidates need not appear for CAT exam for admission to MBA in Family Business.

IIM Lucknow MBA in Family Business

The Indian Institute of Management Lucknow has launched its two-year MBA in Family Business programme at its Noida campus. IIM Lucknow has designed the MBA in Family Business specifically for business owners and next-gen leaders of family enterprises. The Common Admission Test (CAT) is not required for admission to this programme; instead, applicants must provide a valid score from the GMAT, the GRE, or IIM Lucknow's own entrance examination.

Apply Online: IIM Lucknow MAB FB Registration

IIM Lucknow MBA in Family Business: Eligibility Criteria

Candidates interested in applying must satisfy academic, educational, and business ownership criteria:

• Academic Qualifications: Applicants must hold a bachelor's degree or an equivalent professional qualification (such as CA, CS, or ICWA) awarded by a recognized university or institution in India or abroad.
• Minimum Marks: Candidates must have secured a minimum of 50% aggregate marks or an equivalent CGPA in Class 10, Class 12, and their undergraduate degree.
• Formal Education Duration: Applicants must have completed a minimum of 15 years of formal education under the 10+2+3 or 10+2+4 system.
• Family Business Requirement: The candidate must be an owner or scion of a family business or enterprise. This programme is restricted to family business members and is not open to general applicants seeking campus placements.
• Business Scale Requirement: The associated family enterprise must have an annual turnover or investment in the business of at least Rs 20 crore.

IIM Lucknow MBA in Family Business Admission Process

Admission requires a valid test score through one of three routes: a valid GMAT score, a valid GRE score, or an IIM Lucknow Entrance Exam score.

The selection process evaluates candidates across three primary stages:

• Standardised Test Score (30% weight): Evaluated using GMAT, GRE, or IIM Lucknow entrance exam performance.
• Academic and Professional Profile (30% weight): Assessed based on academic qualifications (10%), type of family business (10%), and the quality of work experience within the family business (10%).
• Personal Interview (40% weight): Evaluated via a presentation on the applicant's own family business (20%), communication ability and personality (10%), and intellectual ability and knowledge orientation (10%).

Candidates need to apply for the IIM Lucknow MBA in Family Business until December 31, 2026 for Phase 1 and until April 2, 2027, for Phase 2.