2016 has been a good year for Lancaster University Management School (LUMS) so far. It rose 15 places in the Financial Times’ prestigious Global MBA Rankings — and rode high on a number of key metrics.The UK school is now ranked no 35 in the world, up from no 50 in 2015. This puts it above a number of British competitions such as Alliance Manchester Business School and Warwick Business School, according to the FT. LUMS is ranked joint no 4 in the UK with Imperial College.
“It confirms our position as a leading global business school,” claimed dean Angus Laing.
LUMS is ranked first in the UK for salary increase — salaries of alumni increased by 111% to $106,638. This compares with an average salary increase of 81% for the UK’s top-15 MBA programs, it said.
The hefty pay packets of LUMS alums ensured it was ranked no 6 in the world for value for money, which is calculated based on salary increase and course fees and length, among other measures.
LUMS is also ranked 36 on career progress, up 13 spots on last year. 94% of MBAs were employed three months after graduating, according to the FT.
Meanwhile, the school is ranked first in the world for corporate strategy for the second year, beating Harvard Business School. It’s also ranked no 1 in the UK for general management.
Peter Lenney, director of the full-time MBA, said: “Our rise in the table is a result of the success of our alumni in their careers, the quality of the program we deliver at Lancaster, and the continuous improvement in all aspects of the school over the years.
“We are very grateful to all the alumni who were surveyed for this ranking. They have obviously done really well in their careers.”
Student Reviews
Lancaster University Management School
An exceptional educational establishment in the North West of England.
This university has been a fantastic life experience as well as a great academic one. I first decided to go to Lancaster University Management School due to its exceptional business education facilities and have not been disappointed. I recommend the university to anybody that wants to put themselves in a strong position for a career upon graduation.
Student Ambassador
Overall, the instruction is decent, however it also depends on your department. The people are friendly, in my opinion. The sporting events are enjoyable, and there is a good sense of community. Although the city is quite remote, it is nonetheless attractive.
Lancaster University honest review
The education system in the university is excellent especially that of the Management School. The campus has great facilities for students to study and live in a relaxed manner. The students can engage in various activities through the socities.
Great opportunities to think beyond
Lancaster University provides a lot of good opportunities to think beyond.There Entrepreneurship in residence program helps students to meet and seek guidance about entrepreneurship and the challenges.Their Work in progress program help to fabricate your startup idea and further to pitch to the potential investors.Apart from that there are lot of programs like Enactus, guest lectures and guidance from seniors to help and shape your career needs.
They provide lot of opportunities to shape up your employability skills.
A top university in the UK for management science!
If you’re interested in management science studies, Lancaster University is one of the top universities in the UK. The faculty is renowned and have a sterling reputation for research in management science. Candidates specifically interested in Forecasting would find the Centre for Marketing Analytics and Forecasting especially relevant to their field. Besides, the ROI is good as the overall cost compared to other universities is less.
Great university for academia – not great for 'entrepreneurs'
Please keep in mind that my review is nuanced by my expectations of an Entrepreneurship degree :) I came to Lancaster University because it was one of the top universities to have a course in Entrepreneurship. After 4 years in this degree, my most valuable experience has been my placement and not the actual course. The course is heavily focused on impractical elements, which is a bit odd for an Entrepreneurship degree. There are some modules that involve hands-on work but the faculty support for such things has not been great. My course also involved a lot of teamwork which has been fantastic and really prepared me when it comes to dealing with the diversity of opinions. In terms of career prospects, the management school does A LOT to host events, workshops and support sessions to help you build up your employability skills. Although, I wish there was more acknowledgement of SMEs/startups as a viable career option. The entrepreneurship team which is meant to support budding businesses is really stepping up their game with tons of guest speakers, workshops and pitching opportunities. The location is a concern if you're not in STEM, Law or Accounting and Finance. Business requires networking with the broader community. However, for Lancaster students, the best bet is a trip down to Manchester or London. On the flip side, living in Lancaster is much cheaper! Overall, if the purpose of your university experience is to receive top academic education and have great facilities at your disposal, Lancaster is a great choice. But if you want to be in business and entrepreneurship, I would look elsewhere.
