Lancaster University Management School (LUMS) in Lancaster, England, is the world-ranked business school of Lancaster University. The School was established in 1964. A full range of subjects are taught, ranging from undergraduate degrees to postgraduate degrees including MBAs, PhDs and post-experience executive education. The Financial Times ranks Lancaster University's MBA programme the 77th in the world and 5th in terms of value for money (in 2014).
Reputation and accreditation
In 2014 Lancaster University was ranked in the top 12 of UK universities in all major national league tables (outlined in table below). LUMS is one of a small group of business schools in the world to have achieved triple accreditationby the leading international business school accreditation organisations:
- AACSB (USA)
- EQUIS (Europe)
- Association of MBAs (UK)
Campus and facilities
LUMS is one of the four faculties of Lancaster University and is situated on the university campus, south of the city of Lancaster.
Lancaster University Management School consists of a number of new buildings and facilities grouped together near the south end of the campus. The Hub area and atrium of the school opened in 2005 and is primarily a host to postgraduate studies. The Charles Carter Building opened in 2010 and provides additional teaching space as well as PhD study facilities. It is home to several academic teaching departments.
LUMS has worked in partnership with many companies to develop customised executive education. Partners have included: AstraZeneca, BAE Systems, Bass, British Airways, Pilkington, Rexam, Royal & Sun Alliance and Total. The School has worked with many public sector organisations including the NHS and The UK Cabinet Office. Through its Institute for Entrepreneurship and Enterprise Development it also provides business support and knowledge transfer for small and medium enterprises in England's North West region.
In 2005, LUMS partnered with Ernst & Young to offer an undergraduate degree in Accounting, Auditing and Finance, in which students undertake up to 18 months of paid work-experience with Ernst & Young, whilst being trained for a Chartered Accountant qualification. Several LUMS postgraduate programmes have modules designed and delivered by employers - these include Accenture, Deloitte, Cisco, IBM and SAP AG.
Eight subject areas exist within the Management School, including Accounting and Finance, Economics, the Institute of Entrepreneurship and Enterprise Development, the Management Development Division, Management Learning and Leadership, Management Science, Marketing, and Organisation, Work and Technology.
Research at LUMS was ranked 3rd in the UK in the 2008 Research Assessment Exercise. This periodic review measures and compares all Higher Education Institutions in the UK and 95% of LUMS' research is considered to be of international quality or higher.
Research Centres at LUMS
- International Centre for Research in Accounting
- Centre for e-Science
- Centre for Family Business
- Learning and Skills Improvement Service
- Gulf One Lancaster Centre for Economic Research (GOLCER)
- Lancaster Centre for Forecasting
- Lancaster China Management Centre (LCMC)
- Lancaster Centre for Strategic Management
- Lancaster Leadership Centre
- Centre for Performance-Led HR (CPHR)
- Centre for the Study of Technology and Organisation
LUMS delivers a wide range of taught and research courses, catering for continuing students and professional and executive training. Postgraduate students who study at LUMS are automatically made members of Graduate College.
LUMS currently has 2,268 undergraduate students enrolled, all of which will have been assigned to a college of Lancaster University in their first year. Most programmes offer the capability to take part in an industrial placement year. It is argued that such placement- or internship-focused degrees enhance students' employability upon completion of degree programmes.
A range of extra-curricular opportunities exist at LUMS, in addition to those available within Lancaster University. Each year, the School submits a number of teams into the UK IBM Business Challenge and is involved in numerous case competitions. In 2010, LUMSA was formed within LUMS which aims to unite and synergise the 8 Management School societies (part of the wider Lancaster University Students' Union) to enable greater student participation within the school.
Study abroad and international exchanges
Lancaster University has an international exchange programme of which LUMS is an active member. Study Abroad Programmes enable students from one host university or institution to "swap" places with another from an alternative institution so that both may enjoy a new culture, setting and different approach to learning. Many of the undergraduate programmes at LUMS, including the BBA in Management and BSc Business Studies include the option to study abroad in the second or final year for periods ranging from a term to a year.
Study Abroad destinations available to Management School students include Â United States, Â Canada, Â Australia, Â New Zealand, Hong Kong & Â China, Â Netherlands, Â Spain, Â France and Â Germany. Between 20 and 30 partner universities operate exchanges with Lancaster University at any one time. The option to study abroad is available to students on participating courses and involves a competitive selection process.
- Lancaster University
- Lancaster University Management School website