What is Lancaster University Management School (LUMS)?
Lancaster University Management School (LUMS) is a business school at Lancaster University in Lancaster, England. Founded in 1964, it offers a wide range of subjects, from undergraduate to graduate degrees, including MBA, PhD, and post-experience executive education.
LUMS’MBA program is consistently valued in several aspects, including corporate strategy and providing the highest value in the world.
- Lancaster University’s Management School (LUMS) is a UK-based business school offering higher education programs at the undergraduate and graduate levels.
- LUMS is often ranked as the best business school in the UK.
- LUMS is accredited by four agencies, including AACSB, EQUIS, AMBA, and the Small Business Charter.
Understand Lancaster University Management School (LUMS)
Lancaster University Management School (LUMS) is one of the four faculties of Lancaster University and is located on the university campus south of Lancaster City. The campus consists of new buildings and facilities grouped near the southern end of the campus. The school’s hub area and atrium are primarily host of graduate research. Charles Carterville offers an additional educational space as well as a PhD. Research facility. There are several faculties.
LUMS is one of a small group of business schools around the world that has been quadrupled by major international business school accreditation bodies such as AACSC, EQUIS, Association of MBAs and Small Business Charters.
In 2005, LUMS partnered with Ernst & Young to offer a bachelor’s degree in accounting and finance. In this degree, students will experience two periods of paid work at Ernst & Young in preparation for their career as a chartered accountant.
Lancaster University Management School was ranked 9th in the UK and 96th in the world by the Financial Times in the 2021 MBA Rankings.
Tuition and fees
There are different rates depending on whether the student is an undergraduate or graduate student, from the UK or another country, and the field they are studying.
For graduate students attending business schools from the UK or other countries around the world, the tuition from 2021 to 2022 is £ 33,000, or about $ 45,344.
At the undergraduate level, prices vary depending on the country of origin of the student. For full-time undergraduate students from the UK studying in Lancaster, the annual tuition is £ 9,250, or about $ 12,710. For part-time students, the cost is £ 3,083 per 40 credit modules, or $ 4,236, or £ 2,312 per 30 credit modules, or $ 3,177.
For international students, tuition fees range from £ 19,930 ($ 27,385) per year for arts and social sciences students to £ 36,430 ($ 50,057) for medical students.
Price status after Brexit
Prior to the UK’s withdrawal from the European Union, students from other EU countries were able to pay the same tuition and fees as UK students. However, after August 1, 2021, new students from EU countries attending Lancaster University will not receive the same pricing status and financial support as students from the UK. All freshmen from EU member states from 2021 to 2022 will pay the same tuition and fees as all other non-UK students.
Students in EU member states already enrolled at Lancaster University will not be charged the high fees for non-UK students. They will continue to pay the same fees as before Brexit.
Expenses for studying abroad and working abroad
Students studying abroad for a year to study at another university will be charged 15% of the standard tuition fee, regardless of whether they participate in the Erasmus Program. Students participating in the Study Abroad Program will be charged 15% of the fee if they participate in Erasmus and 20% of the fee if they do not.
Erasmus is an EU program that funds education, training, youth and sports in Europe. It is mainly available to students in EU member states. Following Brexit, the program is no longer available to the majority of UK students. Those who are already eligible for funding in the last few years are allowed to complete the program from the 2021 to 2022 academic year.