Office of Admissions
LUMS DHA, Lahore Cantt. 54792, Lahore, Pakistan
Tel: +92 42 3560 8000 Ext.: 2177
Executive MBA
Executive MBA
The LUMS Executive MBA (EMBA) offers more than just an education. The programme connects you with the most relevant industry leaders in Pakistan, and gives you the opportunity to learn from faculty members that have revolutionised business practices in the country through their teaching and research. This access to dynamic organisations and leaders that impact the global marketplace is unmatched in the country.
Offered by the Suleman Dawood School of Business – Pakistan’s premier business school, and the first in the country to achieve accreditation by AACSB International, the programme is designed for mid-career executives who do not want to put their careers on hold to earn their degree. Spread over 22 months, with classes held on campus ever alternate Saturday and Sunday, the LUMS EMBA allows you to be part of the most eminent graduate programme in business education in the country.
Class Profile
|
EMBA 2022 Class Profile |
||
|
Admitted |
87 |
|
|
Academic Background |
# |
% |
|
Telecom |
2 |
2% |
|
Engineering |
36 |
41% |
|
Accounting/Finance/Business/Management |
14 |
16% |
|
Computer Science |
7 |
8% |
|
Commerce |
6 |
7% |
|
Sciences |
3 |
4% |
|
Arts |
2 |
2% |
|
Agriculture |
3 |
4% |
|
Economics |
4 |
5% |
|
Others |
10 |
11% |
|
Average Age |
35 years |
|
|
Average Experience |
11 years |
|
|
Geographical Distribution |
|
Lahore |
58 |
67% |
|
Karachi |
8 |
9% |
|
ISB-RWP |
8 |
9% |
|
Gujranwala |
3 |
3% |
|
Multan |
3 |
3% |
|
Faisalabad |
4 |
5% |
|
Others |
3 |
4% |
|
Gender Wise |
|
Male |
76 |
87% |
|
Female |
11 |
13% |
Programme Design
The 22 month degree includes 4 week-long sessions (two week-long sessions in the first year, one after the end of the first year during summers for the Globalisation Module, and the last week-long session at the end of the second year for EMBA Project presentations) and 36 weekends. The regular sessions are held on alternate weekends every month.
The programme is divided into the following modules:
- Business Fundamentals
- Managing Operations and People
- Cost, Value and Innovation Management
- Law and Entrepreneurship
- Managing the Future
Summer Orientation Programme (SOP)
The SOP provides essential subject knowledge needed to prepare you for the challenges of competitive coursework and Case Method of teaching. The SOP is not graded but its successful completion is a prerequisite for EMBA. The SOP prepares you for regular EMBA classes by providing the basic framework in the following modules:
- Business Mathematics
- Introduction to Financial Accounting
- Interpersonal Skills
- Introduction to the Case Method
Distance Learning
The Executive MBA participants have to stay connected with the faculty through distance learning while off campus. This connection is facilitated through the Information Systems and Technology (IST) Department at LUMS which centrally supports the Learning Management System (LMS). The LMS allows each participant a dedicated Academic Resource Centre on the web. Participants have access to several e-modules, course related activities and resources. These include course material, discussion boards and online course assessment tools.
Programme Structure
The study weeks are spread as follows:
|
Year 1 |
Timeline |
|
Distance Learning Module 1 Harvard Business School Online Courses |
July – August |
|
SOP + Business Fundamentals |
August - November |
|
Distance Learning Module 2 |
November – December |
|
Managing Operations and People Module 2 |
November – March |
|
Distance Learning Module 3 |
March – April |
|
Cost, Value and Innovation Management Module 3 |
April - June |
|
Year 2 |
Timeline |
|
Cross Cultural and Globalisation Module |
Summer |
|
Law and Entrepreneurship Module |
August – December |
|
Managing the Future Module 5 |
January – April |
|
EMBA Project |
October - May |
Admission Criteria
Applicants must meet the minimum eligibility criteria in order to be considered for admission to the Executive MBA (EMBA) Programme.
Applicants are selected for admission to the LUMS EMBA Programme based on the following factors:
- Academic Record;
- Performance in the Admission Test*;
- Work Experience;
- Completed and submitted application form and supporting documents by the stipulated deadline;
- Interview Performance (if called)
Note: This is the minimum criteria that applicants need to fulfill in order to be eligible to apply. Fulfillment of this criteria does not guarantee admission to LUMS.
* We are aware that the current COVID-19 crisis poses difficulties for applicants to submit test scores. Under the circumstances, you can apply to LUMS Graduate Programmes without test scores being submitted (if you haven’t taken the test yet). Applications can be submitted without the Test scores provided all other application components are complete upon submission.
Update on Admission Test i.e. GMAT/GRE/ NTS – GAT (General): As the Testing services for the GMAT/GRE/ NTS – GAT (General) are operational during this Admission cycle (for Fall 2021 admissions) so applicants are required to take the test according to the stipulated deadline.
If no Admission Test is scheduled due to the Test Center closure by May 30, 2021, LUMS will process applications using the available information. If shortlisted, applicants may then be asked to appear for an interview followed by a conditional acceptance if you are successful. Once, test centres are functional, they will need to sit for the test and attain the minimum test score required by the University.
Academic Record
Applicants will be assessed on the following criteria:
- Successful completion of sixteen (16) years of education leading to a Master's or Bachelor's* degree from a university recognised by the Higher Education Commission (HEC), Pakistan.
* Candidates holding only a Bachelor's degree of less than four years’ duration will be required to submit an Equivalence Certificate issued by the Higher Education Commission (HEC), Pakistan.
NOTE:
Applicants completing their last degree by May 30, 2021, are also eligible to apply.
Test Requirement
Applicants are required to take One (1) of the following tests in order to be considered for Fall 2021 admissions:
- Graduate Management Admission Test (GMAT); OR
- Graduate Record Examination (GRE); OR
- NTS-GAT (General)
The GMAT/GRE (General) is offered as a Computer adaptive test worldwide. The LUMS code for receiving GMAT/GRE (General) official scores from Pearson and ETS is 0679.
The deadline to take the GMAT/GRE (General)/NTS-GAT (General) is May 21, 2021.
NOTE:
-
Update on Admission Test i.e. GMAT/GRE/ NTS – GAT (General): As the Testing services for the GMAT/GRE/ NTS – GAT (General) are operational during this Admission cycle (for Fall 2021 admissions) so applicants are required to take the test according to the stipulated deadline.
-
If no Admission Test is scheduled due to the Test Center closure by May 30, 2021, LUMS will process all such applications using the available information. If shortlisted, applicants may then be asked to appear for an interview followed by a conditional acceptance (if accepted for the Programme). Once, test centres are functional, shortlisted applicants will need to sit for the test and attain the minimum test score required by the University.
-
GMAT/GRE taken more than five years before the admission deadline will not be considered valid.
-
NTS-GAT (General) taken more than two years before the admission deadline will not be considered valid. A cumulative score of 50 is a minimum requirement for applying.
-
Apart from official test scores that LUMS will require directly from Pearson and Educational Testing Service (ETS), USA, applicants must submit online a copy of the unofficial GMAT/GRE (General) scores as soon as they take the test.
-
If the applicant has taken more than one test, the best score will be considered for the application evaluation.
Submission
The admission application will be considered for evaluation after the successful completion of the following Four (4) 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; and
- Online submission of the Letters of Recommendation by the Referees.
Application Processing Fee
- The application processing fee of Rs. 6,500
- The application processing fee of USD 100 for International applicants.
Note:
- Applicants must complete and submit their LUMS Online Admission application on or before May 25, 2021; 5:00 pm (PKT).
- Applicants are required to Online submit the scanned copies of all supporting documents on or before May 28, 2021.
- After the successful submission of the Online application, applicants must make the Processing Fee payment by the due deadline.
- Referees must submit completely filled Letters of Recommendation by the given deadline.
Completion of all steps is mandatory. Application, documents or fee received after the stipulated deadline will not be processed.
Application Review/Interview Performance
Shortlisted applications will be reviewed by the relevant Committee to finalise the admission decision. Applicants are encouraged to provide complete information regarding their Academic achievement, Research reports, attended Workshops, Extracurricular activities, and must tell LUMS about their success stories in order to substantiate their application.
A Merit ranking to shortlist applicants for interviews will be generated based on the Academic Performance, Work experience, and GMAT/GRE (General) scores. Only short-listed candidates will be called for the interviews.
Work Experience
Applicants for the Executive MBA Programme must have prior work experience of at least six (6) years, including four (4) years at a Managerial level. The prior work experience should demonstrate the applicant’s Managerial track record and potential for success in a senior position. Evaluation is based on the duration and the quality of the Full-time work experience.
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 Professional 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 2020-21
|
Particulars |
Module 1 |
Module 2 |
Module 3 |
|
PKR |
PKR |
PKR |
|
|
Admission Fee (One Time Charge) |
101,600 |
- |
- |
|
Tuition Fee |
372,700 |
372,700 |
372,700 |
|
Semester Registration Fee |
20,000 |
20,000 |
20,000 |
|
Reading Material |
25,600 |
25,600 |
25,600 |
|
General Security (Refundable - One Time Charge) |
34,400 |
- |
- |
|
Total Fee |
554,300 |
418,300 |
418,300 |
Residence Fee
|
Particulars |
Module 1 |
Module 2 |
Module 3 |
|
PKR |
PKR |
PKR |
|
|
Residence Fee |
93,033 |
93,033 |
93,034 |
Important Points
- The above breakdown of fee structure is for Year 1 of the 2 Year EMBA programme.
- Fees are payable by semester according to the schedule given in the Annual Fee bill.
- 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 (if Student Payable exceeds PKR 200,000 per annum excluding the amount refundable).
- Advance tax paid on fee is adjustable at the time of filing of Income tax return. LUMS will issue Advance Tax Certificate in this regard at year-end.
- University fees are usually announced once each year, for the following academic year. However, tuition and fees are subject to change without notice.
Refund Policy
To learn more about the University's Refund Policy, please click here.
|
Activity |
Date |
|
Deadline to take GMAT/GRE/NTS GAT(General) |
21 May 2021 |
|
Online Application Deadline |
25 May 2021, 05:00 pm (PKT) |
|
Deadline to submit online supporting documents |
28 May 2021 |
|
Admission Decision |
June 15 - July 31, 2021 |
Note:
- The University reserves the right to change dates and deadlines for admissions. Please keep informed of any changes by visiting this site periodically, as well as the LUMS online application site.
Does LUMS require any entrance test for admission to the EMBA programme?
Yes, admission test is required. Applicants are required to take Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) or NTS GAT (General). As the Testing services for the GMAT/GRE & NTS GAT- General are operational during this Admission cycle (for Fall 2021 admissions) so applicants are required to take the test according to the stipulated deadline.
What should I know about the GMAT/GRE?
The Graduate Management Admissions Test (GMAT)/ Graduate Record Examination (GRE) is offered year round as a computer adaptive test. You should register for the test at least one month before you plan to take it. You need to complete the GMAT/ GRE test before you submit the online application. You may submit your application with unofficial score report however, you will need to submit an official GMAT score report to our office before you can matriculate. There is no minimum score requirement. A high score does not guarantee anyone's acceptance, nor does a low score preclude it as there is no minimum score required. Further details on GMAT/ GRE are available at www.mba.com and www.ets.org.
For how long are the GMAT/GRE/ NTS GAT (General) scores valid?
GMAT/GRE scores are valid for five years. However, NTS GAT (General) is valid for two years.
If I take GMAT/GRE/NTS GAT (General) more than once, do you consider my highest score?
We will consider your best scores of a single attempt.
What is the application process?
Application for admission to the EMBA programme is an online process (there is no paper application for you to fill out or mail).
After creating an account and accessing the online application, you may then begin to complete your application.
You can work on your application at any time and submit it when you are ready. Please note that we expect applicants to adhere to the deadlines stated on the website.
Please also note that all supplemental materials, such as transcripts, test scores, letters of experience and recommendations must be received by our office online as soon as the application is submitted.
If I provide you with my GMAT/GRE/NTS GAT (General) score or GPA or resume etc., can you tell me my chance of admission?
We consider many factors in the admissions selection process therefore, it is impossible to predict one's chance of admission without reviewing a complete application. You can review a class profile on our website if you like to benchmark your statistics against current LUMS EMBA students.
Can I transfer credits from another graduate programme?
Transfer of credits from another programme to the LUMS EMBA programme is not allowed. All admitted students regardless of having an advanced degree will begin the programme as a first year student.
How many letters of recommendation should I submit?
Minimum two (2) letters of recommendation are required.
How will an EMBA benefit my employer and me?
It will give you the strategic management skills to take on new responsibilities at work, while continuing to contribute in the workplace during your studies, applying new theories and approaches, and doing projects on your business.
How Executive MBA is different from regular MBA at LUMS?
The Executive MBA participants are about six years more experienced, on average, than the traditional MBAs. In addition, the Executive MBA programme has been designed to offer the skills required for those about to enter the senior management ranks of their organisations, rather than in-depth study in a specific functional area.
What areas of concentration or majors are available?
The Executive MBA programme is designed for people who have already taken the first steps in their career. We therefore do not offer specific ‘majors’ since these concentrations are generally viewed as a way for business students to prepare themselves for entry-level positions. Instead our focus is to offer courses to those already in management positions, in order to enable them to progress to higher managerial and leadership ranks. Our training is therefore geared more toward the understanding of broad management and leadership skills.
I have six years of work experience but I do not have four years of managerial experience. Can I still apply?
Yes, you can apply, but you need to prove to the Admissions Committee that you can cope with the academic and intellectual side of the coursework.
Where would I stay during my full-time study weeks?
Accommodation facilities are available for all participants.
What happens if I miss a course?
We strongly discourage missing any course; however, we do understand that this situation might arise during Executive MBA. We may accommodate a participant in this regard but cannot guarantee that the individual will graduate on time.
Do you have any age limit for admission to the EMBA programme?
No, there are no age restrictions for admission to the EMBA programme.
Do you call all applicants for an interview? What kind of questions are asked during the interview?
A Merit ranking to shortlist applicants for interviews will be generated based on the Academic Performance, Work experience, and GMAT/GRE (General)/GAT (General) scores. Only short-listed candidates will be called for the interviews.
During the interview, the Admissions Committee tries to assess the applicant's communication skills, managerial potential, thinking ability, subject knowledge and level of awareness of general issues. Final decision regarding admission will be taken after the interview.
Can I defer admission?
In truly exceptional circumstances, the Admissions Committee may grant a deferral. All requests should be made in writing and will be reviewed on a case to case basis.
How do I inform about a change in the online application?
It is highly recommended to fill out the application form carefully. Changes cannot be made after the submission of online application. In sheer need an applicant can send the updated information to helpdeskao@lums.edu.pk with the specific header "Change in Application Form".
How will you notify me regarding a decision on my application?
Admission decision will only be communicated through courier service; however, you can also check your application status through your online account. Regretfully, we are unable to provide information regarding your application status by telephone or e-mail.
May I appeal my admission decision or ask to have the decision explained?
The admission process is a well deliberated and thorough process. Each year we receive a large number of outstanding applications. Unfortunately, all of them do not qualify because of the limited number of available seats. The decision regarding admission is final.
If your application is unsuccessful you will also receive a letter informing you of this. Due to the volume of applications the University receives; it is not possible to provide feedback on unsuccessful applications.
Who is considered an international applicant?
A foreign national who is not of Pakistani origin and does not have a Pakistani passport/NICOP/CNIC is eligible to apply to LUMS under its International Student Programme. Applicants holding dual nationality out of which one is Pakistani are not eligible to apply through LUMS International Student Programme.
What is the Higher Education Commission (HEC), Pakistan?
Higher Education Commission (HEC) Pakistan is an independent, autonomous, and constitutionally established institution of primary funding, overseeing, regulating, and accrediting the higher education efforts in Pakistan.
HEC is responsible for formulating higher education policy and quality assurance to meet the international standards as well as providing accrediting academic degrees, development of new institutions, and uplifting of existing institutions in Pakistan.
How do I get equivalence from Higher Education Commission (HEC), Pakistan?
International students can get equivalence through the following process: http://hec.gov.pk/english/services/students/Equivalence%20Degree%20Issuance.
Does LUMS offer campus accommodation to international students?
LUMS provides a well-maintained residential environment for international students.
LUMS Financial Aid
Admission to all programmes is purely on merit and independent of students’ ability to pay the related tuition fees. Once a student has been admitted to a programme, there are several mechanisms in place to provide financial support based on need and merit. All awards are reassessed each academic year based on performance, need, available resources and prevailing University policies. LUMS is committed to providing as much financial assistance as possible within the limits of its available resources. Nevertheless, the University may not be able to meet all requests for financial assistance, and it is strongly recommended that applicants secure as much of their own funding as possible.
Following financial aid options are available for students who meet specific criteria.
- Women Scholarship
- MCB - Student Personal Loan
Women Scholarship
LUMS consistently strives to make all its educational programmes accessible to all across the globe, regardless of their ability to pay. Ground-breaking research, internationally competitive faculty, relevant curriculum, strong international linkages and a vibrant, extracurricular life have established LUMS as a centre of excellence in the region.
The aim of Women Scholarship is to foster, celebrate and advance women’s leadership in business. By tapping 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 to pursue higher education on merit and will increase the number of women joining the MBA/EMBA Program of the Business School. All female applicants admitted to MBA/EMBA Program will be eligible for 50% tuition fee waiver.
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.
MCB - Student Personal Loan
LUMS has entered into an agreement with MCB Bank Limited through which MCB Bank provides commercial loans to MBA/ EMBA 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.
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, GRE, GAT, etc.). The same must be confirmed by LUMS in writing.
- Confirmation of finalized admission by LUMS in writing.
Debt-Equity Ratio
- Maximum 80:20 of admissible educational programme 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 programme
Loan Amount
Subject To Regulatory And Internal Bank Requirements:
- Maximum PKR 1 million.
- In accordance with the schedule of fee payment, the above amount shall be disbursed over a maximum of 4 tranches in a way such that overall aforementioned maximum Debt-Equity Ratio is ensured:
* Each tranche must ensure the aforementioned maximum Debt-Equity Ratio.
* Each tranche disbursement would be subject to Bank’s review as per its requirement.
Tenor
- Only term loan (i.e. Running finance is NOT allowed).
- Repayment in a maximum of 5 years from the date the loan becomes repayable.
Expected Time Of Study Completion
The expected period of study will be the time during which the loan shall not become repayable. For regular and Executive LUMS MBA programmes, the same shall not be more than 2 years.
Repayment & Due Dates
Monthly repayment will be according to the provided schedule. The loan shall become repayable after around 6 months from the time of completion of study (as intimated by LUMS to MCB Bank). Therefore, first due date shall be January 1. Subsequent due dates shall be Feb 1, Mar 1, Apr 1, so on and so forth. For EMBA students, the loan shall become repayable immediately after graduation.
Mark-Up Rate And Partial/Full Early Payments
- Six-month KIBOR + 2.0%. This rate shall then undergo subsequent resetting on a six-monthly basis in accordance with the change in six-month KIBOR benchmark.
- 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.
- Mark up accrual during the time of study will be done separately. Once the loan becomes repayable, the accrued mark up will be converted into a non-markup bearing term loan. Tenor of this term loan will be the same as the remaining tenor of the markup-bearing personal / term loan. Installments of both the markup and non-markup bearing term loans will be clubbed together for total installment payable by the student.
- Early prepayment in full is allowed without any settlement charges.
Processing Fee
- One time non-refundable processing fee of PKR 5,800/- or 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.
- 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, parents /guardian and/or third party guarantor(s) (as the case may be) and signed and stamped by the concerned LUMS officials.
- CNIC or NICOP 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 along with irrevocable debit authority against this account.
- Required legal documentation to be signed by the student and 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 & Conditions
- The 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.
- Disbursement shall be made directly to LUMS on account of the student.
- 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 programme 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 mis-representation 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 non-payment /default and/or any non-fulfillment of contractual obligations by student / borrower /guarantor(s).
Note
The above information is by no means comprehensive and is for the sole purpose of guiding the student / borrower /guarantors and, to the extent allowed under applicable laws and regulations, are subject to change as per MCB’s requirements at the latter’s sole discretion without prior notice to the student / borrower / guarantor(s). Moreover, the relevant loan documentation duly signed by the student / borrower / guarantor(s) and LUMS official(s) as per MCB’s requirement shall constitute as the final terms of reference for the parties involved.
‘MCB Bank shall continue to disburse Rs. 500,000/- to the E-MBA borrower student on annual basis. The E-MBA borrower student shall be eligible for availing SPL financing during the course of Module 2, 3, 4 and 5, subject to the condition that financing for each module shall not exceed Rs. 250,000/- and satisfactory progress reports.’
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.