IIM Lucknow Launches Two-Year MBA in Family Business; First Batch to Begin in July 2027

The Indian Institute of Management (IIM) Lucknow has launched a two-year Master of Business Administration (MBA) programme in Family Business, aimed at business owners and the next generation of leaders in family-run enterprises. The programme is designed to equip participants with management expertise, leadership skills and strategic knowledge to manage, expand and sustain their businesses.

The first batch of the MBA in Family Business is scheduled to commence in July 2027. According to the institute, applications will be accepted in two phases, with the first phase closing on December 31, 2026, and the second phase ending on April 2, 2027.

Interested candidates can apply online through the official website, iiml.ac.in. Applicants are advised to review the eligibility criteria and admission requirements before submitting their applications.

IIM Lucknow MBA in Family Business 2027: Important Dates

Phase 1 application deadline: December 31, 2026

Phase 2 application deadline: April 2, 2027

Commencement of first batch: July 2027

The two-year programme will follow an on-campus modular format, requiring participants to visit IIM Lucknow’s Noida campus once a month for approximately seven days.

The curriculum will cover key management areas relevant to family-owned enterprises, including Family Enterprise Foundations, Family Business Governance, Growth Strategies, Leadership in Family-Managed Businesses, Succession and Generational Transition, Regulatory Frameworks, and Strategic Venture Investing.

The programme aims to address challenges commonly faced by family-run businesses, such as expansion, governance, succession planning and the transfer of responsibilities between generations.

A key component of the programme will be six family business labs, with one scheduled during each of the six trimesters. These labs will guide participants through different stages of business development and leadership transition.

The focus areas will include enterprise diagnosis, vision and strategy, succession, leadership transition, innovation and venture investing. Through these sessions, participants will be encouraged to assess their existing business operations, identify areas for improvement and develop strategies for long-term growth.

The programme will also incorporate simulations and case-based learning, enabling participants to apply management concepts to practical business situations.

The MBA programme will include global immersion opportunities and visits to international family-run enterprises. These experiences are intended to expose participants to different approaches to business management, governance and succession planning.

Selected workshops will also provide opportunities for participants to involve their parents, siblings and senior family members in discussions on succession and governance. The initiative aims to encourage conversations about leadership transfer, family roles and the long-term direction of family enterprises.

Candidates seeking admission must submit their applications online through the institute’s official website and check the prescribed eligibility conditions before applying.

According to the institute, shortlisted applicants will be invited for a personal interview. The selection process will assess candidates’ involvement in family businesses, leadership qualities and their ability to apply the knowledge gained through the programme to practical business challenges.

Applicants should consult the official admission portal for detailed eligibility criteria, application instructions and other programme-specific requirements.