The Indian Institute of Management (IIM) Lucknow has introduced a two-year MBA programme in Family Business for business owners and the next generation of family business leaders. The programme will begin in July 2027.
The programme will cover business management, leadership, succession planning, growth strategies and investment. The course will include six Family Business Labs across six trimesters. These sessions will focus on understanding business challenges, setting goals, planning leadership transitions and exploring new growth opportunities. Participants may also get opportunities to visit family-run businesses abroad and take part in global immersion programmes, case studies and business simulations. Some workshops will include parents, siblings and senior family members to discuss succession planning and how family businesses are managed. Candidates must meet the following requirements to apply: Candidates who meet the requirements may be shortlisted for a personal interview. The interview will focus on their involvement in the family business, leadership plans and how they intend to use the knowledge gained through the programme. The MBA will follow a modular, on-campus format at IIM Lucknow’s Noida campus. Participants will need to attend classes for around seven days every month. Along with core management subjects, the curriculum will cover family business governance, leadership, succession, generational transitions, regulatory requirements and investment in new ventures. The programme aims to help business owners and future leaders apply what they learn to their own enterprises and prepare their businesses for the next stage of growth.
Participants will also prepare a five-to-10-year Business Transformation and Growth Plan for their family businesses. The programme will have six trimesters and approximately 20 months of study. It will include 33.5 academic credits, of which five will be audit credits. Each credit represents 30 hours of learning.
IIM Lucknow launches a two-year MBA in Family Business starting July 2027, designed for business owners and next-gen leaders.
As per the institute’s press statement , applications will be accepted in two phases. The course aims to help participants manage their family businesses, plan for leadership changes and find ways to grow their enterprises. It will combine classroom learning with practical work related to their own businesses.
The last date to apply for Phase 1 is December 31, 2026, while Phase 2 applications will close on April 2, 2027.
