The Lancaster University Management School (LUMS) is a premier business school affiliated with Lancaster University in the United Kingdom. Offering a range of programs from undergraduate to postgraduate levels, as well as executive education, LUMS is renowned for its outstanding quality and value, particularly its Master of Business Administration (MBA) program. Let’s dive into what makes LUMS a top choice for aspiring business professionals.
Key Takeaways
- Lancaster University Management School is a renowned U.K.-based business school providing top-notch higher education.
- Consistently ranked among the best business schools in the U.K.
- LUMS boasts quadruple accreditation: AACSB, EQUIS, AMBA, and the Small Business Charter.
Understanding Lancaster University Management School (LUMS)
Lancaster University Management School stands as one of the four main faculties of Lancaster University, U.K. Opened in 1964, Lancaster University has included business studies in its curriculum from the beginning.
The LUMS campus is subdivided into six departments: Accounting and Finance, Economics, Entrepreneurship and Strategy, Management Science, Marketing, and Organisation, Work, and Technology. It offers comprehensive programs for undergraduate, graduate, MBA, and doctoral students, as well as continuing education for industry professionals. The global reach of LUMS is evident with staff and students hailing from over 100 countries, and a robust alumni network exceeding 50,000 graduates.
The school’s vision emphasizes:
- Cultivating a robust and dynamic LUMS community.
- Pioneering thought, innovation, and influence within global business landscapes.
- Positioning research as a cornerstone for transformative impact.
- Incorporating research-led teaching to foster critical thinking and superior outcomes.
- Valuing diverse perspectives and enhancing collaborative endeavors.
- Attracting top talent and nurturing potential across the board.
LUMS’s elite status is further amplified, managing to achieve quadruple accreditation from AACSB, EQUIS, AMBA, and the Small Business Charter.
Programs Offered at Lancaster University Management School (LUMS)
Lancaster University Management School presents an impressive suite of degree programs for different academic levels: undergraduate, graduate, and doctoral. Here’s a glimpse of the various programs available:
| Undergraduate | MBA | Graduate | Doctorate |
|---|---|---|---|
| BSc Hons Accounting and Management | Business Administration | MA Human Resources and Consulting | PhD Economics |
| BSc Hons Business Analytics | Executive Business Administration | MSc Accounting and Financial Management | PhD Health Economics and Policy |
| BA Economics | Executive Cyber Security | MSc Business Analytics | PhD Management Science |
| BSc Hons Management and Human Resources | MSc Economics | PhD Marketing | |
| BSc Hons Business Management | MSc Finance | PhD Statistics and Operational Research | |
| BA Hons Advertising and Marketing | MSc Management | PhD Theory and Practice of Management | |
| MSc Strategy | |||
| MRes Marketing Management (Advanced) | |||
| MRes Organisation, Work and Technology |
LUMS also caters to working professionals with various executive education programs, including:
- Professional programs featuring short courses and part-time graduate degrees.
- Customized programs tailored to specific organizational needs.
- Online coursework for flexible learning.
- Growth programs designed for professionals in small and mid-sized businesses.
Tuition and Fees
Fees vary depending on the chosen course and the student’s residency status. Here’s a quick breakdown:
| Program | U.K. Students | International Students |
|---|---|---|
| BSc Hons Business Analytics | £9,250 | £22,650 |
| MBA - Business Administration | £26,500 | £36,000 |
| MBA - Executive, Cyber Security | £36,000 | £36,000 |
| MSc Accounting and Financial Management | £14,000 | £26,500 |
| PhD Marketing | £4,712 | £19,520 |
These tuition fees are annual rates for the 2023-2024 academic year.
Rankings of the Lancaster University Management School (LUMS)
LUMS consistently ranks highly in global and regional surveys. Noteworthy rankings include:
- The Economist: 77th globally and 22nd in the region for its MBA program; 71% of graduates secure job offers within three months post-graduation.
- Financial Times: 55th in European business schools; significant placements in pre-experience finance programs (46th) and customized executive education (55th).
Is Lancaster University Management School a Good School?
Without a doubt, LUMS is a standout institution, earning accolades for its academic excellence and value. Publications like the Financial Times have ranked it among global top-tiers particularly in disciplines such as corporate strategy.
What’s the Application Process for Lancaster University Management School?
Prospective students can apply online via the school’s portal. Required documents vary but usually include transcripts, proof of English proficiency, references, a personal statement, and potentially research proposals for doctorate applications. There are also application fees and deposits.
What Programs Are Offered at Lancaster University Management School?
LUMS provides a comprehensive range of programs tailored to various stages in a business career:
- Undergraduate: Programs in accounting, finance, management, and more.
- Graduate & Doctorate: Options include specialized masters and rigorous PhD pathways.
- Executive Education: Courses tailored to professionals’ schedules, including online and part-time offerings.
The Bottom Line
Navigating the choice of a business school is crucial for your professional trajectory. Lancaster University Management School offers a reputable, value-driven education that aligns with numerous career goals. Although costs are a consideration, the strong value proposition makes LUMS a compelling choice for aspiring business leaders.
Related Terms: business school, MBA, executive education, graduate programs, undergraduate programs.
References
- Lancaster University. “LUMS retains top 10 UK spot in FT European Business School rankings”.
- Lancaster University. “Origins and Growth”.
- Lancaster University Management School. “Research In Departments”.
- Lancaster University Management School. “Our Vision”.
- Lancaster University. “About Us”.
- Lancaster University Management School. “Our people”.
- Lancaster University Management School. “Executive Education”.
- The Economist. “Lancaster University – Lancaster University Management School”.
- Financial Times. “Lancaster University Management School”.
