MBA

Overview

The MBA programme at the Suleman Dawood School of Business (SDSB) at LUMS is as unique as it is transformative. It is focused on creating business leaders with the power to effect positive societal change. It is premised on tackling the complexities of a rapidly evolving world where global shifts, technological change, business model innovations, and novel managerial expertise require the application of extreme business intelligence and the capacity to act quickly. The LUMS MBA empowers men and women to question, re-think and mobilise organisational impact, enterprise performance, and business growth at national, regional, and global levels. Our MBA graduates are recruited by leading organisations in Pakistan and internationally, while many opt to kick-start entrepreneurial ventures of their own.

Our MBA core courses are designed with input from CEOs and senior industry experts to ensure that our graduates demonstrate high knowledge in core business areas, including finance, marketing, and strategy. Through a unique blend of classroom instruction, targeted practice, and constructive feedback, students acquire essential soft skills honing in on high-level communication, public speaking, and the ability to navigate across different organisational cultures.

The programme deploys participant-centred learning inclusive of simulations, role-plays, case studies, and industry visits. MBA students also tackle hundreds of business cases to develop their capacity to make decisions and act across a broad range of situations. Additionally, the MBA provides practical experience based on real-world dilemmas, supported by professional mentorship through the three Experiential Learning components of the programme.

Research and teaching at LUMS truly offers its community ‘Learning Without Borders’ by breaking academic, geographic and socio-economic barriers to make education accessible to all. The University continues to be an intellectual hub, rich with varying perspectives and transformative ideas. With an environment brimming with inclusion, unity, and boundless knowledge, learning continues within and beyond campus walls to develop innovators, leaders and change-makers who can contribute to the community and build strong borderless networks.

Class Profile

MBA 2025 Class Profile
Male	60%
Female	40%
Average Age	25 years
Average Experience	2.5 Years

MBA 2025 Academic Background
Academic Background	%
Economics	10
Business Management	26
Marketing	7
Engineering	21

Accounting and Finance	14
Computer Sciences	7
International Relations	1
Arts	1
Sciences	12
Law	1

Structure

The MBA at the Suleman Dawood School of Business is a two-year programme built on the case method of teaching and a focus on tackling real-world business challenges. A collection of core and elective courses, combined with Experiential Learning through active industry engagement from day one, sets this programme apart as a model for advancement, growth, and success. The Experiential Learning process is grounded in the practical application of reflective thinking to analyse and make impactful decisions. During the MBA, students work on over 500 cases in which they become active learners and decision-makers, developing critical thinking and quantitative reasoning skills. They analyse and apply theoretical frameworks to debate and develop arguments and make powerful cases to energise businesses, teams, and entrepreneurial ventures.

The Case Method

LUMS has pioneered the use of the case method in Pakistan. Students work on cases based on actual managerial challenges drawn from real-world examples. They take on the role of decision makers and provide solutions to real life business issues in a classroom setting

Summer Immersion Programme (SIM)

SIM develops a strong base for students to help them succeed in the rigorous two-year MBA programme that follows. It builds knowledge and understanding of fundamentals through communication, business, finance, and computer application modules.

Experiential Learning (EL)

The MBA programme at LUMS is completely case based with an Experiential Learning component through active industry engagement. The EL component includes:

Industry Analysis Exercise (EL-1)
My Startup (EL-2)
Management Consultancy Project EL-3

Admission Criteria

Fall Admission 2027

Applicants must meet the minimum eligibility criteria to be considered for admission to the MBA Programme.

Admission is purely merit-based and rests solely on the following criteria:

Academic Record;
Performance in the Admission Test;
Work Experience (strongly preferred);
Two Letters of Recommendation;
Online Application Submission;
Online Submission of Supporting Documents and Fee Payment;
Application Review; and
Interview Performance (if called)

To be considered for admission evaluation, ensure all steps are completed on or before the stipulated deadline.

Note: These are the minimum requirements that applicants need to fulfil in order to be eligible to apply. Fulfillment of these criteria does not guarantee admission to LUMS. Admission decisions made by the University are final.

Academic Record

Applicants will be evaluated based on the following criteria:

A minimum of 16 years of education leading to a Master's or Bachelor's* degree from a university recognized by the Higher Education Commission (HEC), Pakistan.

*Applicants holding a Bachelor's degree of less than four years duration or who have earned their Bachelor’s (or Master’s) degree from foreign institutions must provide an Equivalence Certificate verifying 16 years of education, issued by the Higher Education Commission (HEC), Pakistan. Similarly, applicants who have obtained their degrees from institutions not listed with the HEC, will be required to obtain an Equivalence Certificate from the HEC, Pakistan.

Note:

Applicants completing their last degree by May 30, 2027, are also eligible to apply for Fall 2027 admission.

Test Requirement

Applicants are required to take One (1) of the following tests to be considered for Fall 2027 admissions:

Graduate Management Admission Test (GMAT)
GMAT scores are valid for Five (5) years. Scores of GMAT taken before April 18, 2022, will not be considered valid for the Fall 2027 admission. For further details, visit www.mba.com
Graduate Record Examination (GRE)
GRE (General) scores are valid for Five (5) years. Scores of GRE (General) taken before April 18, 2022, will not be considered valid for the Fall 2027 admission. For further details, visit www.ets.org
LGAT (LUMS Graduate Admission Test)
LUMS Graduate Admission Test (LGAT) will be conducted only once for Fall 2027 admissions at the designated cities of Pakistan. The LGAT Scores will be valid only for Fall 2027 admissions. The LGAT scores will be used for application evaluation and will not be disclosed to the applicants.
The LUMS Graduate Admission Test (LGAT) is designed to assess applicants’ proficiency across three key areas: Verbal, Quantitative, and Analytical Reasoning. While the exact number of questions may vary, the Verbal section typically includes around 30 multiple-choice questions, the Quantitative section consists of approximately 20 questions, and the Analytical Reasoning section contains about 15 questions. Each section is allocated approximately 40 minutes. All questions are presented in a multiple-choice format.
Click here to access the LGAT guidelines and explore sample questions.
Higher Education Aptitude Test (HAT-II)
HAT is valid for Two (2) years. Scores of HAT-II taken before 18th April 2025 will not be considered valid for Fall 2027 admissions. Moreover, a cumulative score of 50 in HAT-II is the minimum requirement for admission. For further information, visit www.etc.hec.gov.pk

Note:

If you are planning to take HAT, only HAT-II will be considered valid for the MBA Programme.
If the applicant has taken more than one test or attempt, the best score of a single test or attempt will be considered for application evaluation, provided all test(s)/attempt(s) are declared in the admissions application.
The GMAT/GRE (General) is offered as a Computer adaptive test worldwide. The LUMS code to receive official GRE (General)/GMAT scores from Pearson and ETS is 0679.

Submission

The admission application will be considered for evaluation after the successful completion of the following Five (5) STEPS by the applicants on or before the stipulated deadlines:

LUMS Online Admission Application submission;
Online submission of scanned copies of required supporting documents;
Submission of an appropriate Application Processing Fee;
Online Submission of Financial Aid Application (if applicable) by the due date; and
Online submission of the Letters of Recommendation by the Referees.

Application Processing Fee

The application processing fee is PKR 12,500.
LUMS Graduate Admission Test (LGAT) registration fee is PKR 4,000.
The application processing fee is USD 220 for International applicants.

Note:

Applicants must complete and submit their Online Admission application on or before April 6, 2027, 5:00 pm (PKT).
Applicants are required to submit scanned copies of all supporting documents online on or before April 7, 2027.
After the successful submission of the Online application, applicants must make the Processing Fee payment by the deadline.
Only applicants who have indicated their intention to apply for LUMS Financial Aid through the Online Admission Application Form, submitted their admission application, and paid the required application processing fee by the deadline will be granted access to the Financial Aid application. The Financial Aid application tab will become visible on the online admission portal, once the above requirements are met. Applicants will have until Thursday, May 6, 2027, 4:00 PM (PKT) to submit their complete Financial Aid application along with the required supporting documents.
Referees must submit completely filled Letters of Recommendation by the given deadline.

Completion of all steps is mandatory. Applications, documents, or fees received after the stipulated deadline will not be processed.

Application Review/Interview Performance

Applicants are encouraged to provide complete and correct information regarding their academic achievements, research reports, attended workshops, and extracurricular activities, and must tell LUMS about their success stories to substantiate their applications.

Applications will be reviewed by the relevant committee. Shortlisting for interviews will be done based on the applicant's academic achievement, quality of work experience, and admission test scores. Only short-listed candidates will be called for the interviews.

Work Experience

Application evaluation considers the quality and duration of the Full-time work experience. Candidates are encouraged to have 1 to 2 years of work experience before applying to the LUMS MBA Programme. Preference is given to applicants with prior work experience. However, this is not a mandatory admission requirement.

Letters of Recommendation

The Letters of Recommendation should indicate the applicant’s Academic Performance, Commitment to excellence, and their strong aptitude for business education. The recommendations can be made by professionals as well as academic referees.

The modes of payment are as follows:

1. Voucher can be paid through cash, Pay Order and Bank Drafts made in favour of "Lahore University of Management Sciences" at any branch within Pakistan of following banks:

Allied Bank Limited
Meezan Bank Limited (Customer Code: LUMS)
Bank Al-Habib Limited

2. For online Credit/Debit card payment, please click here.

3. Vouchers can also be paid through ATM machines and internet banking portals of the following banks:

Allied Bank Limited
Askari Bank Limited
Bank Alfalah Limited
Bank Al-Habib Limited
Faysal Bank Limited
Meezan Bank Limited
Standard Chartered (Only for Online Payments)

Note:

For making payments through internet banking portals/ATM, students need to have bank account in the respective bank.
Fee payment through "Pay Orders" is accepted at banks up to two working days prior to the payment deadline. Fee may be paid through Cash Receipts, Online Services and Credit/Debit Cards till payment deadline.

Advance Tax:

Through an amendment in the Income Tax Ordinance 2001 by Finance Act 2013, advance tax (under section 236 I) shall be collected @ 5% on the entire amount of fee except refundable portion.

Bank Helpline Numbers

Allied Bank Limited

1. UAN: 111-225-225, Branch contact No: 042-35748308

2. Regional Office: 042-35747603

Meezan Bank Limited

1. Region Office: 92-42-35786207

2. Head Office: 92-21-36406139

Bank Al-Habib Limited

1. Karachi: 92-21-32277231-239, Lahore: 0333-1218430

2. DHA Ph. 5 Branch: 042-37189231 042-37189234

Fee Structure for FY 2026-27

Particulars	Fall 2026	Spring 2027	Total
	PKR	PKR	PKR
Admission Fee	187,400	-	187,400
Tuition Fee	978,800	978,800	1,957,600
Semester Registration Fee	54,300	54,300	108,600
SOP	43,400	-	43,400
Reading Material	42,500	42,500	85,000
General Security	67,000	-	67,000
Total	1,373,400	1,075,600	2,449,000

Hostel Fee

Particulars	Fall 2026	Spring 2027
	PKR	PKR
Hostel Fee Double Occupancy	98,800	98,800
Hostel Fee Triple Occupancy (Bigger room)	71,900	71,900

Important Points

The above breakdown of fee structure is for Year 1 of the 2 Year MBA programme.
Fees are payable by semester according to the schedule given in the Annual Fee bill.
University fees are usually announced once each year. However, the University reserves the right to change its policies and fee structure at any time.

Refund Policy

To learn more about the University's Refund Policy, please click here.

Important Dates

Activity	Date
Online application activation	October 2026
Online application deadline	April 6, 2027, 5:00 pm (PKT)
Deadline to upload supporting documents (Online) and pay the application fee	April 7, 2027
LUMS Graduate Admission Test (LGAT)	April 18, 2027 (Tentative)
Deadline to take GMAT/GRE (General) / HAT-II	April 18, 2027
Deadline to submit Financial Aid application and documents (if applicable)	May 6, 2027, 4:00 pm (PKT)
Interviews	May - July 2027
Completion of the admissions process	July 30, 2027
Commencement of classes	August 2027 (Tentative)

Note:

The University reserves the right to change dates and deadlines for admissions. Please stay connected to this webpage and the Online Admissions Portal to remain informed of any updates or changes.

Financial Support at LUMS

LUMS is committed to making high-quality education accessible to talented students from all backgrounds. Our Financial Aid Programme offers a wide range of support options, designed to facilitate students who demonstrate both high academic achievement and financial need.

Financial Aid awards are assessed each year, considering academic performance, demonstrated financial need, available resources, and university policies. While LUMS endeavours to provide substantial financial assistance within its available resources, students are encouraged to explore external funding sources to complement the aid provided by the university.

LUMS strives to enable students to pursue their educational and professional goals without financial barriers, reinforcing our commitment to an inclusive and academically vibrant community.

The following financial support options are available for SDSB Graduate Programme students:

LUMS Financial Aid
Merit Scholarship
Women's Scholarship
External Scholarships and Loans
- MCB Student Personal Loan
- Asian Development Bank - Japan Scholarship Programme

Maintaining Eligibility

The Financial Aid Award is valid for One (1) year only. Continuation of aid in the subsequent year is subject to reassessment.
Students receiving Financial Aid should maintain a full-time status in a regular semester. Failure to do so will lead to the cancellation of the Financial Aid Award.
Financial Aid will not be provided for the Summer Semester.
Financial Aid awards can be increased, reduced or kept the same at any stage of review during your stay at LUMS.
LUMS reserves the right to physically verify the beneficiary's Home/Business premises.
LUMS reserves the right to amend, cancel, or terminate the awarded Financial Aid in case of any misrepresentation or incorrect information provided by the student. Such misrepresentation or concealment of facts may lead to the termination of your admission from the Programme. The university also reserves the right to recover the awarded amount during the preceding year(s) from the recipient on an immediate basis.

LUMS Financial Aid

LUMS Financial Aid Programme not only supports students with financial challenges but also attracts top-ranked students, ensuring that the university upholds its commitment to academic excellence by providing opportunities for the brightest minds.

LUMS aims to reduce financial barriers to higher education, nurturing an inclusive and academically vibrant community where academically distinguished students can realize their full potential and achieve their professional aspirations. At the Graduate level, Financial Aid is provided in the form of an Interest-Free Loan.

To be considered for LUMS Financial Aid, applicants must submit their financial aid application along with all required supporting documents by the application submission deadlines. Applications that do not meet these requirements will not be eligible for financial aid assessment for the 2027-28 academic year.

This support can cover part or all of a student’s Tuition and Semester Registration fees and is assessed annually, considering academic performance, financial need, available resources, and prevailing university policies to ensure ongoing assistance that aligns with each student’s circumstances.

Repayment begins six months after graduation, with a flexible repayment period of 3 to 5 years, allowing students to transition smoothly into their careers. While LUMS is committed to offering substantial financial assistance, students are encouraged to explore additional external funding sources to supplement the aid provided by the University.

Merit Scholarship

At LUMS, academic excellence is highly valued, and the university is committed to supporting students who demonstrate outstanding performance in their studies. The Merit Scholarship at LUMS is designed to reward students who have demonstrated high academic achievement by providing them with financial support.

There is no separate application process for this scholarship. Applicants with high academic credentials are considered for scholarships.

First Year

For the 1st year, the merit scholarship is awarded on the basis of one of the following criteria:

A 50% Tuition Fee waiver is awarded to admitted students with a GMAT score of 700 or higher or an equivalent GRE (General) score.
A 50% Tuition Fee waiver is awarded to the top talent among admitted students based on the University’s Merit evaluation. This scholarship covers a partial Tuition Fee for One (1) year only.

Second Year

The Merit scholarship covers partial tuition fees for One (1) year only and is awarded to the top-ranked students from the returning batches based on their academic performance.

Note: In case a student qualifies for the Financial Aid Award and Merit Scholarship, their scholarship will be adjusted accordingly. These awards are for One (1) year only and cannot be carried forward to subsequent years.

Women's Scholarship

LUMS is committed to making education accessible to talented students from diverse backgrounds. The Women’s Scholarship supports this mission by offering a pathway for high-achieving women to pursue advanced degree programmes, helping to bridge gender gaps in business education and leadership. Beyond financial assistance, recipients join a network of mentors and peers, fostering collaboration, professional growth, and a shared vision for future leaders.

The aim of the Women's Scholarship is to foster, celebrate and advance women’s leadership in business. By tapping into highly talented young women, we hope to contribute towards building the future of not only their families but also their communities. This scholarship will support female candidates in pursuing higher education on merit and will increase the number of women joining the Graduate Programmes of the Business School. A 50% tuition fee waiver will be awarded to women admitted on high merit under the SDSB Women's Scholarship initiative.

This Scholarship will groom female managers and leaders of business; dramatically changing the managerial landscape of Pakistan. As these women assume leadership roles in organisations across the country, there will be a change in the culture of these organisations.

Note: In case an applicant qualifies for both the Financial Aid award and the Women scholarship, only one award will be given.

External Scholarships and Loans

The University has tried its level best to raise funds to ensure that no deserving candidate is turned away from the Programme due to insufficient funds. Since its inception, external donors have played an immense role in achieving this milestone.

There are a number of named scholarships available for graduate students. LUMS supporters include individuals and organisations from all over the world. These scholarships can potentially help students cover the costs of education and related expenses (i.e. books, accommodation and living). The eligibility depends upon a number of factors, all of which are specified by the donor who offers the scholarships.

MCB - Student Personal Loan

LUMS has entered into an agreement with MCB Bank Limited through which MCB Bank provides commercial loans to students.

The commercial loan facility is pivotal for students who are currently financially unable to afford the cost of tuition and living facilities. This is one of the first ventures of its kind in Pakistan and demonstrates LUMS' commitment towards providing equal educational opportunities to its students.

All loans are subject to the Bank’s internal approvals and MCB Bank reserves the right to approve/disapprove a loan based on its internal assessment. In case a loan is not approved, students will be required to provide the total fees and expenses of the education themselves.

Click here for the MCB Loan Term Sheet

Age

Minimum 21 years and maximum 45 years at the time of loan approval.

General Criteria

Pakistani nationals only.
At least 50% marks (or equivalent) in the last public examination (i.e. other than admission tests, e.g. GMAT, SAT, LMAT, etc.).

Debt-Equity Ratio

Maximum 80:20 of admissible educational program cost (such as Admission, Registration, Tuition, On-Campus Residence, and any other part / head / item of the fees that is payable in advance by the student to LUMS).
Any amount that is refundable by LUMS to the student later on is not covered under the Student Loan program

Loan Amount

Subject to regulatory and internal Bank requirements:

Maximum PKR three million.
In accordance with the schedule of fee payment, the above amount shall be disbursed over a maximum of 4 tranches/modules
The drawdowns for the loans will be based on 2 drawdowns/ academic year.
Each tranche disbursement would be subject to Bank’s review as per its requirement.
Disbursement shall be made directly to LUMS on account of the student.

Loan Tenor and grace period

Installment repayments will commence six months after the completion of study period (up to 30 months).
Total tenor of repayment of the loan (post education period) to not exceed 7 years, including the grace period.

Mark-up Rate

Markup rate of this facility is: Six-month KIBOR + 0%.
This rate shall then undergo subsequent resetting on a six-monthly basis on the first working day of every January and July.
Mark-up accrual shall begin from the day of first disbursement as per the above rates and shall continue on the outstanding principal till the entire repayment of the loan.

Partial / Full Early Payments

No pre-payment charges apply on partial or full prepayments.

Processing Fee

One time non-refundable processing fee as set by the Bank only at the time of processing of the initial application.
Any applicable taxes / levies shall be recoverable from the customer / student / borrower.

Minimum guarantees and securities/ collateral

Personal Guarantee of Parents / Guardian and/or any third party for each loan. At least one Guarantor should be Parent and at least one guarantor should have source and means of income.
For each loan, assignment of all future incomes of the student to the Bank to the extent of the former’s liability to the latter. In accordance with SBP regulations, loans shall be collateralized through any security /collateral as determined by the Bank for each loan and borrower.

Documentation

Application Form (pertinent to the relevant tranche) duly signed by the student and parents / guardian and/or third party guarantor(s) (as the case may be) including being signed and stamped by concerned LUMS officials.
CNIC or SNIC Copies of the Student and parent(s) / guardian(s) and/or any third party guarantor(s) as the case may be.
- CF-1 Form / SBP Undertaking.
- One-time activity of opening non-checking collection / repayment account.
Required legal documentation to be signed by the student & parent / guardian and/or any third party guarantor(s) as the case may be and with regards to various collaterals / securities.
Any other document as per MCB’s requirement

Other Terms and Conditions

Student is not allowed to apply for any sort of loan from any financial institution / bank, without seeking prior permission from MCB until the first installment of the MCB Student Loan has been paid.
If a student gets overseas employment, then his entire remaining personal loan and associated amounts shall become payable immediately to MCB.
Apart from the above, in cases where the student fails to complete the program due to any reason, or drops out due to unsatisfactory academic performance or otherwise, or commits an act of moral turpitude or crime, the entire loan and associated amounts will become repayable immediately.
The entire loan and associated amounts will also become repayable immediately if, at any stage, any misrepresentation or concealment of facts comes to the Bank’s knowledge.
Bank reserves the right to demand immediate payment of all outstanding amounts associated with the student loan at any time it deems appropriate.
In accordance with applicable laws and regulations, Bank reserves the right to take all measures and explore all options (which may include but may not be limited to litigation) for collection / recovery of all outstanding amounts associated with the loan from the student / borrower / guarantor(s) and any available collaterals / securities in case of nonpayment / default and/or any non-fulfillment of contractual obligations by student / borrower / guarantor(s).

Asian Development Bank - Japan Scholarship Programme

LUMS consistently strives to make its educational programmes accessible to talented students regardless of their ability to pay. We are proud to be the only institute in Pakistan offering the Asian Development Bank-Japan Scholarship Program (ADB-JSP) through which students can benefit from our highly experiential MBA programme.

Under this scholarship scheme, the University in collaboration with ADB-JSP provides students from ADB’s developing members in Asia and the Pacific with the opportunity to pursue postgraduate studies in management at the Suleman Dawood School of Business.

How To Apply?

To apply for the ADB–JSP Scholarship, applicants must provide their consent upon being shortlisted for admission. Please note that the availability of this scholarship is contingent on donor funding and is not guaranteed each year.

What is offered?

Please visit the link shown here for detailed information.

Who Is Eligible?

For detailed information on scholarship disbursement, click here.

To be eligible for the ADB-JSP scholarship, all applicants must also meet the LUMS MBA admission requirements. For details regarding LUMS MBA Programme, please explore more. In order to know MBA application deadlines, please visit our Academic Calendar.

In case of any query, please write to LUMS Office of Financial Aid at helpdeskofa@lums.edu.pk

Fees

Fee Structure for FY 2026-27

Particulars	Fall 2026	Spring 2027	Total
	PKR	PKR	PKR
Admission Fee	187,400	-	187,400
Tuition Fee	978,800	978,800	1,957,600
Semester Registration Fee	54,300	54,300	108,600
SOP	43,400	-	43,400
Reading Material	42,500	42,500	85,000
General Security	67,000	-	67,000
Total	1,373,400	1,075,600	2,449,000

Hostel Fee

Particulars	Fall 2026	Spring 2027
	PKR	PKR
Hostel Fee Double Occupancy	98,800	98,800
Hostel Fee Triple Occupancy (Bigger room)	71,900	71,900

Important Points

The above breakdown of fee structure is for Year 1 of the 2 Year MBA programme.
Fees are payable by semester according to the schedule given in the Annual Fee bill.
University fees are usually announced once each year. However, the University reserves the right to change its policies and fee structure at any time.

Refund Policy

To learn more about the University's Refund Policy, please click here.

Financial Aid
Financial Support at LUMS
LUMS is committed to making high-quality education accessible to talented students from all backgrounds. Our Financial Aid Programme offers a wide range of support options, designed to facilitate students who demonstrate both high academic achievement and financial need.
Financial Aid awards are assessed each year, considering academic performance, demonstrated financial need, available resources, and university policies. While LUMS endeavours to provide substantial financial assistance within its available resources, students are encouraged to explore external funding sources to complement the aid provided by the university.
LUMS strives to enable students to pursue their educational and professional goals without financial barriers, reinforcing our commitment to an inclusive and academically vibrant community.
The following financial support options are available for SDSB Graduate Programme students:
LUMS Financial Aid
Merit Scholarship
Women's Scholarship
External Scholarships and Loans
MCB Student Personal Loan
Asian Development Bank - Japan Scholarship Programme
Women's Scholarship

Women's Scholarship
LUMS is committed to making education accessible to talented students from diverse backgrounds. The Women’s Scholarship supports this mission by offering a pathway for high-achieving women to pursue advanced degree programmes, helping to bridge gender gaps in business education and leadership. Beyond financial assistance, recipients join a network of mentors and peers, fostering collaboration, professional growth, and a shared vision for future leaders.
The aim of the Women's Scholarship is to foster, celebrate and advance women’s leadership in business. By tapping into highly talented young women, we hope to contribute towards building the future of not only their families but also their communities. This scholarship will support female candidates in pursuing higher education on merit and will increase the number of women joining the Graduate Programmes of the Business School. A 50% tuition fee waiver will be awarded to women admitted on high merit under the SDSB Women's Scholarship initiative.
This Scholarship will groom female managers and leaders of business; dramatically changing the managerial landscape of Pakistan. As these women assume leadership roles in organisations across the country, there will be a change in the culture of these organisations.
Note: In case an applicant qualifies for both the Financial Aid award and the Women scholarship, only one award will be given.

Merit Scholarship

Merit Scholarship
At LUMS, academic excellence is highly valued, and the university is committed to supporting students who demonstrate outstanding performance in their studies. The Merit Scholarship at LUMS is designed to reward students who have demonstrated high academic achievement by providing them with financial support.
There is no separate application process for this scholarship. Applicants with high academic credentials are considered for scholarships.
First Year
For the 1st year, the merit scholarship is awarded on the basis of one of the following criteria:
A 50% Tuition Fee waiver is awarded to admitted students with a GMAT score of 700 or higher or an equivalent GRE (General) score.
A 50% Tuition Fee waiver is awarded to the top talent among admitted students based on the University’s Merit evaluation. This scholarship covers a partial Tuition Fee for One (1) year only.
Second Year
The Merit scholarship covers partial tuition fees for One (1) year only and is awarded to the top-ranked students from the returning batches based on their academic performance.
Note: In case a student qualifies for the Financial Aid Award and Merit Scholarship, their scholarship will be adjusted accordingly. These awards are for One (1) year only and cannot be carried forward to subsequent years.

MCB - Student Personal Loan

MCB - Student Personal Loan
LUMS has entered into an agreement with MCB Bank Limited through which MCB Bank provides commercial loans to students.
The commercial loan facility is pivotal for students who are currently financially unable to afford the cost of tuition and living facilities. This is one of the first ventures of its kind in Pakistan and demonstrates LUMS' commitment towards providing equal educational opportunities to its students.
All loans are subject to the Bank’s internal approvals and MCB Bank reserves the right to approve/disapprove a loan based on its internal assessment. In case a loan is not approved, students will be required to provide the total fees and expenses of the education themselves.
Click here for the MCB Loan Term Sheet
Age
Minimum 21 years and maximum 45 years at the time of loan approval.
General Criteria
Pakistani nationals only.
At least 50% marks (or equivalent) in the last public examination (i.e. other than admission tests, e.g. GMAT, SAT, LMAT, etc.).
Debt-Equity Ratio
Maximum 80:20 of admissible educational program cost (such as Admission, Registration, Tuition, On-Campus Residence, and any other part / head / item of the fees that is payable in advance by the student to LUMS).
Any amount that is refundable by LUMS to the student later on is not covered under the Student Loan program
Loan Amount
Subject to regulatory and internal Bank requirements:
Maximum PKR three million.
In accordance with the schedule of fee payment, the above amount shall be disbursed over a maximum of 4 tranches/modules
The drawdowns for the loans will be based on 2 drawdowns/ academic year.
Each tranche disbursement would be subject to Bank’s review as per its requirement.
Disbursement shall be made directly to LUMS on account of the student.
Loan Tenor and grace period
Installment repayments will commence six months after the completion of study period (up to 30 months).
Total tenor of repayment of the loan (post education period) to not exceed 7 years, including the grace period.
Mark-up Rate
Markup rate of this facility is: Six-month KIBOR + 0%.
This rate shall then undergo subsequent resetting on a six-monthly basis on the first working day of every January and July.
Mark-up accrual shall begin from the day of first disbursement as per the above rates and shall continue on the outstanding principal till the entire repayment of the loan.
Partial / Full Early Payments
No pre-payment charges apply on partial or full prepayments.
Processing Fee
One time non-refundable processing fee as set by the Bank only at the time of processing of the initial application.
Any applicable taxes / levies shall be recoverable from the customer / student / borrower.
Minimum guarantees and securities/ collateral
Personal Guarantee of Parents / Guardian and/or any third party for each loan. At least one Guarantor should be Parent and at least one guarantor should have source and means of income.
For each loan, assignment of all future incomes of the student to the Bank to the extent of the former’s liability to the latter. In accordance with SBP regulations, loans shall be collateralized through any security /collateral as determined by the Bank for each loan and borrower.
Documentation
Application Form (pertinent to the relevant tranche) duly signed by the student and parents / guardian and/or third party guarantor(s) (as the case may be) including being signed and stamped by concerned LUMS officials.
CNIC or SNIC Copies of the Student and parent(s) / guardian(s) and/or any third party guarantor(s) as the case may be.
CF-1 Form / SBP Undertaking.
One-time activity of opening non-checking collection / repayment account.
Required legal documentation to be signed by the student & parent / guardian and/or any third party guarantor(s) as the case may be and with regards to various collaterals / securities.
Any other document as per MCB’s requirement
Other Terms and Conditions
Student is not allowed to apply for any sort of loan from any financial institution / bank, without seeking prior permission from MCB until the first installment of the MCB Student Loan has been paid.
If a student gets overseas employment, then his entire remaining personal loan and associated amounts shall become payable immediately to MCB.
Apart from the above, in cases where the student fails to complete the program due to any reason, or drops out due to unsatisfactory academic performance or otherwise, or commits an act of moral turpitude or crime, the entire loan and associated amounts will become repayable immediately.
The entire loan and associated amounts will also become repayable immediately if, at any stage, any misrepresentation or concealment of facts comes to the Bank’s knowledge.
Bank reserves the right to demand immediate payment of all outstanding amounts associated with the student loan at any time it deems appropriate.
In accordance with applicable laws and regulations, Bank reserves the right to take all measures and explore all options (which may include but may not be limited to litigation) for collection / recovery of all outstanding amounts associated with the loan from the student / borrower / guarantor(s) and any available collaterals / securities in case of nonpayment / default and/or any non-fulfillment of contractual obligations by student / borrower / guarantor(s).

Maintaining Eligibility

Maintaining Eligibility
The Financial Aid Award is valid for One (1) year only. Continuation of aid in the subsequent year is subject to reassessment.
Students receiving Financial Aid should maintain a full-time status in a regular semester. Failure to do so will lead to the cancellation of the Financial Aid Award.
Financial Aid will not be provided for the Summer Semester.
Financial Aid awards can be increased, reduced or kept the same at any stage of review during your stay at LUMS.
LUMS reserves the right to physically verify the beneficiary's Home/Business premises.
LUMS reserves the right to amend, cancel, or terminate the awarded Financial Aid in case of any misrepresentation or incorrect information provided by the student. Such misrepresentation or concealment of facts may lead to the termination of your admission from the Programme. The university also reserves the right to recover the awarded amount during the preceding year(s) from the recipient on an immediate basis.

LUMS Financial Aid

LUMS Financial Aid
LUMS Financial Aid Programme not only supports students with financial challenges but also attracts top-ranked students, ensuring that the university upholds its commitment to academic excellence by providing opportunities for the brightest minds.
LUMS aims to reduce financial barriers to higher education, nurturing an inclusive and academically vibrant community where academically distinguished students can realize their full potential and achieve their professional aspirations. At the Graduate level, Financial Aid is provided in the form of an Interest-Free Loan.
To be considered for LUMS Financial Aid, applicants must submit their financial aid application along with all required supporting documents by the application submission deadlines. Applications that do not meet these requirements will not be eligible for financial aid assessment for the 2027-28 academic year.
This support can cover part or all of a student’s Tuition and Semester Registration fees and is assessed annually, considering academic performance, financial need, available resources, and prevailing university policies to ensure ongoing assistance that aligns with each student’s circumstances.
Repayment begins six months after graduation, with a flexible repayment period of 3 to 5 years, allowing students to transition smoothly into their careers. While LUMS is committed to offering substantial financial assistance, students are encouraged to explore additional external funding sources to supplement the aid provided by the University.

External Scholarships and Loans

External Scholarships and Loans
The University has tried its level best to raise funds to ensure that no deserving candidate is turned away from the Programme due to insufficient funds. Since its inception, external donors have played an immense role in achieving this milestone.
There are a number of named scholarships available for graduate students. LUMS supporters include individuals and organisations from all over the world. These scholarships can potentially help students cover the costs of education and related expenses (i.e. books, accommodation and living). The eligibility depends upon a number of factors, all of which are specified by the donor who offers the scholarships.
MCB - Student Personal Loan
Asian Development Bank - Japan Scholarship Programme

Asian Development Bank - Japan Scholarship Programme

Asian Development Bank - Japan Scholarship Programme
LUMS consistently strives to make its educational programmes accessible to talented students regardless of their ability to pay. We are proud to be the only institute in Pakistan offering the Asian Development Bank-Japan Scholarship Program (ADB-JSP) through which students can benefit from our highly experiential MBA programme.
Under this scholarship scheme, the University in collaboration with ADB-JSP provides students from ADB’s developing members in Asia and the Pacific with the opportunity to pursue postgraduate studies in management at the Suleman Dawood School of Business.
How To Apply?
To apply for the ADB–JSP Scholarship, applicants must provide their consent upon being shortlisted for admission. Please note that the availability of this scholarship is contingent on donor funding and is not guaranteed each year.
What is offered?
Please visit the link shown here for detailed information.
Who Is Eligible?
For detailed information on scholarship disbursement, click here.
To be eligible for the ADB-JSP scholarship, all applicants must also meet the LUMS MBA admission requirements. For details regarding LUMS MBA Programme, please explore more. In order to know MBA application deadlines, please visit our Academic Calendar.
In case of any query, please write to LUMS Office of Financial Aid at helpdeskofa@lums.edu.pk

Important Dates

Activity	Date
Online application activation	October 2026
Online application deadline	April 6, 2027, 5:00 pm (PKT)
Deadline to upload supporting documents (Online) and pay the application fee	April 7, 2027
LUMS Graduate Admission Test (LGAT)	April 18, 2027 (Tentative)
Deadline to take GMAT/GRE (General) / HAT-II	April 18, 2027
Deadline to submit Financial Aid application and documents (if applicable)	May 6, 2027, 4:00 pm (PKT)
Interviews	May - July 2027
Completion of the admissions process	July 30, 2027
Commencement of classes	August 2027 (Tentative)

Note:

The University reserves the right to change dates and deadlines for admissions. Please stay connected to this webpage and the Online Admissions Portal to remain informed of any updates or changes.

FAQs

LUMS Financial Aid

Merit Scholarship

Women's Scholarship

External Scholarships and Loans

MCB - Student Personal Loan

Asian Development Bank - Japan Scholarship Programme

Maintaining Eligibility

LUMS Financial Aid

Merit Scholarship

Women's Scholarship

External Scholarships and Loans

MCB - Student Personal Loan

Asian Development Bank - Japan Scholarship Programme

Maintaining Eligibility

Mode of Payment

Voucher can be paid through cash, Pay Order and Bank Drafts made in favour of "Lahore University of Management Sciences" at any branch within Pakistan of following banks.

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