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    IIM Lucknow Launches MBA in Family Business 2027: Fees, Eligibility, Admission Dates
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    • IIM Lucknow Launches MBA in Family Business 2027: Fees, Eligibility, Admission Dates

    IIM Lucknow Launches MBA in Family Business 2027: Fees, Eligibility, Admission Dates

    Gursimran KaurUpdated on 16 Oct 2026, 12:19 PM IST

    IIM Lucknow is set to launch a new MBA program in Family Business today, i.e., October 16, 2026. The MBA Family Business program at IIM Lucknow is designed for business owners and next-generation leaders of family enterprises. The IIM L MBA FB 2027 program is focused on developing managerial capabilities and strengthening business operations. Candidates who wish to take admission to the IIM Lucknow MBA FB program at the Noida campus will have to submit a GMAT/GRE score or the IIM L entrance exam score. The application for the IIM Lucknow MBA FB will be released in two phases. As per the IIM L MBA FB admission schedule for 2027, the last date of application for Phase 1 is December 31, 2026. Candidates interested in applying should check the eligibility requirements, entrance examination pattern, selection criteria, and fee structure before submitting their applications.
    LATEST: MBA 2027-29 Admission

    IIM Lucknow Launches MBA in Family Business 2027: Fees, Eligibility, Admission Dates
    IIM Lucknow Launches MBA in Family Business 2027: Fees, Eligibility, Admission Dates

    IIM Lucknow MBA FB 2027 Admission Schedule

    IIM Lucknow to announce the first phase of the MBA FB on October 16, 2026. Candidates who wish to apply for the IIM Lucknow newly launched MBA FB 2027 program must take a look at the complete admission schedule for the important dates.

    MBA FB 2027 Admission Events

    MBA Admission Phase 1 Dates

    MBA Admission Phase 2 Dates

    Announcement of the Program

    16 October 2026

    01 January 2027

    Last date of submission of completed application

    31 December 2026

    02 April 2027

    IIM Lucknow Entrance Exam

    January, 2027

    April, 2027

    Announcement of Shortlisted Candidates

    January, 2027

    April, 2027

    IIM Lucknow Personal Interview

    March, 2027

    May, 2027

    Announcement of Selected Candidates

    March, 2027

    May, 2027

    Induction and commencement of Program

    First Week of July 2027

    First Week of July 2027

    IIM Lucknow MBA FB 2027 Program Eligibility

    MBA Aspirants aiming for admission to the MBA FB at the IIM Lucknow Noida campus must check the eligibility criteria for the program.

    • A bachelor’s degree or equivalent (CA/CS/ICWA) obtained from a recognized university/institution in India or abroad.

    • A minimum of 50% aggregate marks/equivalent CGPA in 10th, 12th, and Undergraduate Degree.

    • Minimum 15 years of formal education (10 + 2 + 3 or 10+2+4 system)

    • Candidates must be an Owner or Scion of a Family Business/Enterprise with a minimum investment in Business/ turnover of at least 20 crores p.a.

    • A valid GMAT/GRE score or the IIM Lucknow Entrance Exam score.

    MBA FB Admission 2027: IIM L Entrance Exam Pattern

    Candidates who are applying for the IIM Lucknow entrance exam for admission to the MBA FB program in 2027-29 must check the IIM L entrance exam pattern.

    IIM L Entrance Exam components

    IIM Lucknow entrance exam details

    Mode of Exam

    Offline (At Noida Campus)

    Medium of Exam

    English

    Exam Type

    MCQ

    Total Number of Questions

    100

    Exam Date

    Phase 1: January 2027 & Phase 2: April 2027

    Duration of Exam

    120 Minutes

    Number of Sections

    (I) Verbal Ability and Reading Comprehension (VARC)

    (II) Data Interpretation and Logical Reasoning (DILR)

    (III) Quantitative Ability (QA)

    IIM Lucknow MBA FB 2027 Selection Criteria

    The IIM Lucknow selection criteria for admission to the MBA FB program 2027 are as follows. The personal interview round holds the highest weightage for the IIM L MBA FB admission 2027-29.

    IIM L MBA FB Selection Components

    IIM Lucknow component Weight

    IIM Lucknow 2027 selection Sub-components

    Standardized Score

    30%

    Score from GMAT/GRE/IIM L exam

    Academic and Professional Profile

    30%

    Academic Qualifications (10%)

    Type of Family Business (10%)

    Quality of Work Experience within Family business (10%)

    Personal Interview

    40%

    Presentation on the family business of one's own (20%) (understanding of one's own business)

    Communication Ability and Personality (10%)

    Intellectual Ability and Knowledge Orientation (10%)

    IIM Lucknow MBA FB Fee 2027

    The total MBA FB Fee for the 2027 program at IIM Lucknow is Rs. 25,30,000, Inclusive of caution deposit and other charges. Candidates opting fo the global immersion program will have to pay an additional fee of Rs. 10,00, 000. Also, there is a dissertation fee of Rs. 3 Lakhs to be paid by the candidates who are opting out of the global immersion.

    IIM Lucknow Fee Components

    IIM Lucknow Fee Details

    At the time of acceptance of the admission offer

    1,00,000

    At the time of registration to the Program in Term 1(including caution money ₹ 10,000)

    4,10,000

    At the time of the start of Term 2

    4,00,000

    At the time of the start of Term 3

    4,00,000

    At the time of the start of Term 4

    4,00,000 + 5,00,000 (installment 1 of global immersion)

    At the time of the start of Term 5

    4,00,000 + 3,00,000 (dissertation fee) / 5,00,000 (installment 2 of global immersion)

    At the time of start of Term 6 (Includes Alumni fee ₹ 10,000 and convocation fee ₹ 10,000)

    4,20,000

    *Additional amount of INR 15,000 to be paid per term for Lunch, Tea & Snacks (On the day of classes) as per prevailing rates. Subject to revision.

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    Frequently Asked Questions (FAQs)

    Q: What is the last date to apply for IIM Lucknow MBA FB 2027?
    A:

    The last date of application for MBA FB is December 31, 2026, for the 1st phase.

    Q: Which entrance exam is required for admission to IIM Lucknow FB MBA 2027?
    A:

    Candidates will need to obtain a valid score in GMAT/GRE or in the IIM Lucknow entrance exam.

    Q: What is the fee for the IIM Lucknow Family Business MBA?
    A:

    The Fee for the IIM Lucknow MBA FB is Rs. 25.30 Lakhs, exclusive of global immersion and dissertation. 

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    Questions related to IIM Lucknow

    On Question asked by student community

    Have a question related to IIM Lucknow ?

    With an NC-OBC category, 85.77 percentile in CAT, a strong 9/9/8 academic profile, and a graduation background in Horticulture, you do have some chances, but they differ significantly between IIM Ahmedabad FABM and IIM Lucknow ABM.

    For IIM Ahmedabad – FABM, the institute usually has a very high CAT percentile

    Hello aspirant,

    With a CAT 2025 raw score of 84 and strong sectionals, your expected percentile may fail in the high 98 range , depending on scaling. Your excellent academics and 2 years of work experience strengthen your profile .IIM Lucknow calls are possible but competitive for EWS engineers ,

    Hello, Getting shortlisted for IIM Lucknow or IIT Bombay (SJMSOM) with your profile is challenging, primarily due to your 58% in Class 10th, which significantly impacts the composite score calculation for both institutes. While your 98 percentile CAT score is excellent, and your 24 months of work experience, B.Com (Hons)

    Hi!

    MIT-WPU and IIM Lucknow are quite different institutions offering the MBA programme. While MIT-WPU is a private university offers an MBA through its WPU School of Business, IIM Lucknow is a public institution established by the Government of India, and is recognised as the 'Institute of National Importance' .

    See, your academics are the most problematic things, as with 75%, 87% in schooling (10th and 12th), and 75% in your graduation, you are in quite disadvantageous position. And since you are in B.Sc, you'll be counted in the same bucket as engineers, you you'll get no diversity points as