LUCKNOW If your family enterprise boasts an annual turnover of ₹ 20 crore and you are looking to decode its complex management, the Indian Institute of Management, Lucknow (IIM-L) has a new blueprint for you. Starting next year, the country’s fifth-ranked IIM is set to roll out a specialised two-year MBA in Family Business from its strategically located Noida campus.
The proposed four-semester program, which recently received in-principle approval from the board of governors, is being custom-built to address all issues related to the dynamics of family business. The shortlisted candidates will then be called for an interview or interaction, after which final merit will be prepared to select candidates.
The Common Admission Test (CAT) is not a criteria, said a professor aware of the development.
It comes with a rider: annual turnover or investment must be ₹ 20 crore annually. The course is meant for owners of family businesses or stakeholders. The eligibility criteria will be either Graduate Management Admission Test (GMAT) score or Graduate Record Examination (GRE) scores. If the candidates do not have either of these scores, the institute will hold an entrance exam that they must clear.
