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 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 |
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.
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) |
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%) |
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)
The last date of application for MBA FB is December 31, 2026, for the 1st phase.
Candidates will need to obtain a valid score in GMAT/GRE or in the IIM Lucknow entrance exam.
The Fee for the IIM Lucknow MBA FB is Rs. 25.30 Lakhs, exclusive of global immersion and dissertation.
On Question asked by student community
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
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