What Is Lancaster University Management School (LUMS)?

The Lancaster University Management School (LUMS) is Lancaster University's business school in the United Kingdom. LUMS offers a wide range of subjects from undergraduate degrees to postgraduate degrees as well as executive education. LUMS's Master of Business Administration (MBA) program consistently ranks highly in several disciplines, including corporate strategy, and because it also provides the best value for the money in the world.

Understanding Lancaster University Management School (LUMS)

Lancaster University Management School is one of the four faculties of Lancaster University in the U.K. Lancaster University accepted its first undergraduate students in October 1964. Business studies were among the first subjects to be taught at the school.

The LUMS campus is home to six different departments: accounting and finance; economics; entrepreneurship and strategy; management science; marketing, and organisation, work, and technology. The school has programs for undergraduate, graduate, MBA, and doctorate students. It also provides courses for working executives who want to continue their education while they work. Staff and students come from more than 100 different countries and its alumni network is comprised of more than 50,000 graduates. The school's vision includes:

• "The strength of a healthy and growing LUMS community
• Challenging convention, pushing boundaries and shaping agendas
• Ensuring that research is at the heart of our success and has the power to transform lives
• Promoting research-led teaching and engagement to develop critical thinking and better outcomes
• Embracing different perspectives and collaboration strengthens what we do
• Being a beacon for top talent and nurturing everyone’s potential"

LUMS is one of a small group of business schools in the world to have achieved quadruple accreditation by the leading international business school accreditation organizations, including AACSC, EQUIS, Association of MBAs, and Small Business Charter. The school appointed Claire Leitch as executive dean in May 2022. She served as interim executive dean as of November 2021.

Programs Offered at Lancaster University Management School (LUMS)

Lancaster University Management School offers a wide variety of degree programs at the undergraduate, graduate, and doctorate levels. Undergraduate students can choose between a Bachelor of Arts or a Bachelor of Science. Graduate degree offerings include the Master of Arts, Master of Science, or Master of Research. The following table highlights a sample of some of the disciplines offered to students.

Lancaster University Management School Degree Programs
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 offers executive education for working professionals. These include:

• Professional programs, which include short courses and part-time graduate degrees
• Customized programs
• Online coursework
• Growth programs for professionals who work with small- and mid-sized businesses

Tuition and fees depend on the course and level of study. The school also charges fees based on residency status, so students who are from the U.K. pay a different fee than international students. For instance, the tuition cost for a student enrolled in the undergraduate honors degree for business analytics is lower for students from the United Kingdom compared to international students.

Sample of Tuition Costs at Lancaster University Management School
	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

The tuition fees listed in the chart above are for one year of study and were set for the 2023-2024 academic year.

Rankings of the Lancaster University Management School (LUMS)

As noted above, Lancaster University Management School ranks highly in several categories among business schools in the United Kingdom and the world.

According to The Economist, LUMS came in 77th out of 100 MBA schools in the world and 22nd in the region. As much as 71% of the graduating pool received a job offer within three months of completing their programs.

The Financial Times's rankings placed the school in the 55th spot in European business schools. Its graduate degree in finance (pre-experience) came in the 46th spot among similar programs while its customized executive education programs placed 55 among similar programs.

The Bottom Line

Choosing the right business school can help you get your foot in the door. Some schools have a great reputation and may guarantee you a greater degree of success after you graduate. Keep in mind, though, that some of these schools come at a high cost. That's why it's important to keep your financial situation in line with your goals. Lancaster University Management School has a solid reputation among business schools, providing students with value—especially in certain disciplines.