| Updated On - Oct 12, 2026
IIM Lucknow has opened MBA in Family Business 2027 admissions at its Noida campus. The two-year programme is for owners and scions of family businesses with annual turnover of at least Rs 20 crore.
The Indian Institute of Management Lucknow (IIM Lucknow) has opened MBA-FB admissions. The announcement is live on the official portal, iiml.ac.in. The two-year programme is officially the MBA in Family Business 2027 batch.
The programme is hosted at the IIM Lucknow Noida Campus. It is designed for owners and scions of established family enterprises. The admission window is now live on the dedicated application portal.
IIM Lucknow MBA-FB 2027 Key Details
| Particulars | Details |
|---|---|
| Programme Name | MBA in Family Business (MBA-FB) |
| Batch | 2027-2029 |
| Duration | Two years (six trimesters) |
| Format | Modular, seven days per month |
| Campus | IIM Lucknow Noida Campus |
| Application Fee | Rs 3,000 (non-refundable) |
| Official Portal | iiml.ac.in |
IIM Lucknow MBA-FB 2027 Fee Structure
The total programme fee for the 2027-2029 batch is Rs 25 lakh. Candidates also pay separate charges for caution money and alumni membership. The programme is non-residential, with accommodation offered on request.
| Fee Component | Amount in Rs |
|---|---|
| Programme Fee | 25,00,000 |
| Caution Money (refundable) | 10,000 |
| Alumni Membership | 10,000 |
| Convocation Charges | 10,000 |
| Dissertation Option | 3,00,000 |
Who Is Eligible to Apply?
Applicants must hold a bachelor's degree with at least 50 percent marks. Professional qualifications like CA, CS, or ICWA are also accepted. A minimum of 15 years of formal education is required.
The core eligibility rule is business-linked. The candidate must be an owner or scion of a family business. The enterprise must have at least Rs 20 crore annual turnover.
Candidates also need a valid GMAT or GRE score from a test centre. Alternatively, they can appear for the IIM Lucknow entrance exam.
How to Apply for MBA-FB 2027?
Candidates must apply online through the official application portal. The process is fully digital until the interview stage. Original documents are verified at the personal interview.
Applicants need a recent passport-size photograph in JPG format. A digital signature file in JPG format is also required. Mark sheets of Class 10, 12, and graduation must be uploaded.
A valid GMAT or GRE scorecard PDF must also be attached. The application cannot be edited after the submit button is clicked.
IIM Lucknow MBA-FB 2027 Selection Process
Shortlisting is based on academic record, test score, and business profile. Shortlisted candidates are called for a personal interview round. The final selection list will be published on iiml.ac.in.
The MBA-FB is designed exclusively for family enterprises. Six progressive Family Business Labs run across the trimesters. The capstone is a five to ten year business transformation plan.
Action Plan for Candidates
- Visit the official programme page at iiml.ac.in/mbafb for the full brochure.
- Verify that your family enterprise meets the Rs 20 crore turnover threshold.
- Arrange a valid GMAT or GRE score before applying.
- Keep digital copies of mark sheets, photograph, and signature ready.
- Pay the Rs 3,000 application fee and submit the online form.
Phase 1 and Phase 2 application deadlines will be announced on iiml.ac.in. Watch for the entrance exam date and personal interview schedule updates.
Also Read:
.png?h=40&w=40&mode=stretch)
.jpeg?h=40&w=40&mode=stretch)
Comments