Office of Admissions
LUMS DHA, Lahore Cantt. 54792, Lahore, Pakistan
Tel: +92 42 3560 8000 Ext.: 2177
The Master of Science (MS) degrees are 1.5-year programmes envisioned to provide an intensive, rich, and innovative understanding of the intersection between business fundamentals and a focused specialisation area.
The MS in Financial Management at the Suleman Dawood School of Business (SDSB) is a weekend programme that will allow students to build a sound foundation of the core concepts in finance to ensure up-to-date training for entry or progression in finance careers. The programme aims to equip students with fundamental tools, knowledge, and expertise to effectively deal with contemporary finance issues.
The learning methodology at SDSB seeks to ensure:
The MS in Financial Management will provide an in-depth grounding in finance, essential for the development of analytical, quantitative, critical thinking, and applied research skills necessary for engagement in the financial sector. It will enable you to comprehend and operate within the increasing complexities and innovations in the field which organisations face. Additionally, students seeking the globally recognised Chartered Financial Analyst (CFA) qualification will also benefit from this programme.
The programme is structured to cover the foundation of modern finance with an Experiential Learning semester that includes an applied thesis and industry internship component to enable the application of theory in real life. Taking account of finance issues that are global and locally situated, this application of finance skills and finance knowledge training within the MS programme will fill a void that is present in many enterprises.
As an MS Financial Management graduate, you will:
Graduates of the MS Financial Management programme may avail:
The MS Financial Management weekend programme requires 1.5 years to complete 33 credit hours.
The requirement and distribution of credit hours are below.
Graduation Requirement | |
Course Type | Credit Hours |
Core Courses | 12 |
Specialised Electives | 12 |
Summer Semester | 3 |
Field Project/Thesis/Elective Courses | 6 |
Programme Structure | |
Course | Credit Hours |
Fall Semester I | |
Business Economics | 1.5 |
Organisations and Leadership | 1.5 |
Applied Research and Analysis | 3 |
Marketing Management | 3 |
Financial Statement Analysis & Value Creation | 3 |
Total | 12 |
Spring Semester II | |
Corporate Finance & Valuation | 3 |
Investments & Portfolio Management | 3 |
Derivatives & Fixed Income | 3 |
Entrepreneurial Finance and Venture Capital | 3 |
Total | 12 |
Summer Semester III | |
Financial Institutions and Markets | 3 |
Total | 3 |
4th Semester/Module IV - Fall (2nd Year) - Core - (Sep - Dec) | |
Field Project/Thesis | 6 |
Total | 6 |
Grand Total | 33 |
Applicants must meet the minimum eligibility criteria to be considered for admission to the Graduate Programme.
Admission is purely merit-based and rests solely on the following criteria:
Note:
This is the minimum criteria that applicants need to fulfil to be eligible to apply. Fulfilment of this criteria does not guarantee admission to LUMS.
Applicants will be evaluated based on the following criteria:
Successful completion of 16 years of education leading to a Master's or Bachelor's* degree or equivalent in a relevant discipline including Business, Management, and Commerce.
A student with a non-business background may be required to take prerequisite courses, as determined by the LUMS Admissions Committee depending on the academic background of the applicant. Options to do this will be given to accepted applicants requiring prerequisite courses. Prior university studies must be from a university recognized by the Higher Education Commission (HEC), Pakistan.
*Candidates holding only a Bachelor's degree of less than four years’ duration will be required to produce an equivalence certificate issued by the Higher Education Commission (HEC), Pakistan.
Note:
Applicants completing their last degree or attempting final-year exams by May 30, 2025, are also eligible to apply for Fall 2025 admission.
Applicants are required to take One (1) of the following tests to be considered for Fall 2025 admissions:
Graduate Management Admission Test (GMAT)
GMAT scores are valid for Five (5) years. Scores of GMAT taken before April 27, 2020 will not be considered valid for the Fall 2025 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 27, 2020 will not be considered valid for the Fall 2025 admission. For further details, visit www.ets.org
NTS GAT (General)
NTS GAT (General) scores are valid for Two (2) years. Scores of NTS (General) taken before April 27, 2023 will not be considered valid for Fall 2025 admission. Moreover, a cumulative score of 50 in GAT (General) is the minimum requirement for admission. For further information, visit www.nts.org.pk
LGAT (LUMS Graduate Admission Test)
LUMS Graduate Admission Test (LGAT) will be conducted only once for Fall 2025 admission at the designated cities of Pakistan. LUMS Graduate Admission Test (LGAT) includes Quantitative, Verbal, and Analytical sections. The LGAT Scores will be valid only for Fall 2025 admission. The LGAT scores will be used for application evaluation and will not be disclosed to applicants.
Note:
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.
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.
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:
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.
Note:
Applicants must complete and submit their Online Admission application on or before April 15, 2025; 5:00 pm (PKT).
Applicants are required to submit scanned copies of all supporting documents online on or before April 16, 2025.
After the successful submission of the Online application, applicants must make the Processing Fee payment by the deadline.
Referees must submit completely filled Letters of Recommendation by the given deadline.
There will be no campus accommodation for SDSB MS Programmes.
Completion of all steps is mandatory. Applications, documents, or fee received after the stipulated deadline will not be processed.
Applicants are encouraged to provide complete and correct information regarding their academic achievements, research reports, attended workshops, 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.
Recommendation letters should provide a comprehensive assessment of the applicant's qualifications, emphasizing their academic achievements, unwavering commitment to excellence, and their notable aptitude for business education. These letters of recommendation can be sourced from referees within both academic and professional spheres.
While not mandatory for admission to any of our MS Programmes, candidates with a minimum of one year of relevant work experience may find particular advantages in their pursuit of this degree. The Programme's curriculum is designed to accommodate and enhance the knowledge and skills gained through practical experience in the relevant field. This background can provide applicants with a potential competitive edge during the admission process. Nonetheless, it's important to note that work experience is not a compulsory requirement for admission to any of our MS Programmes.
Applicants are required to submit a Statement of Purpose as a writing sample when applying to the MS Programme. Your Statement of Purpose should provide a compelling rationale for your suitability for this Programme and how it aligns with your career aspirations. In your statement, please articulate the following points.
Programme Relevance: Clearly explain why you believe the MS is the right fit for you. Explain how the Programme's curriculum and focus resonate with your academic and professional interests.
Career Goals: Outline how enrolling in this Programme will contribute to your career objectives.
Personal Context: Share your personal background and context that motivates your interest in this Programme. For instance, if you are currently employed in a government department and aspire to deepen your understanding of business and policy, explain how this Programme will enable you to bridge the gap between your current role and your envisioned career path.
Passion and Commitment: Express your enthusiasm and commitment to pursuing the MS. Highlight any unique perspectives, experiences, or qualities that set you apart as a motivated and dedicated candidate.
Your Statement of Purpose should serve as a clear and persuasive document, demonstrating your genuine interest in the Programme and your compelling reasons for pursuing it.
Particulars | Year 1 (Fall 2024) | Year 1 (Spring 2025) | Year 1 (Summer 2025) | Total Year 1 Fee |
---|---|---|---|---|
Credit Hours | 12 | 12 | 3 | 27 |
PKR | PKR | PKR | PKR | |
Tuition Fee | 694,490 | 694,490 | 173,620 | 1,562,600 |
Admission Fee | 160,930 | - | - | 160,930 |
Semester Registration Fee | 34,520 | 34,520 | 34,520 | 103,560 |
Reading Material | 32,040 | 32,040 | 8,010 | 72,090 |
General Security | 57,580 | - | - | 57,580 |
Sub-total - Other Fee | 285,070 | 66,560 | 42,530 | 394,160 |
Per Semester Fee | 979,560 | 761,050 | 216,150 | 1,956,760 |
Particulars | Fall 2024 | Spring 2025 | Summer 2025 |
---|---|---|---|
PKR | PKR | PKR | |
Hostel Fee Double Occupancy | 84,830 | 84,830 | 34,930 |
Hostel Fee Triple Occupancy (Bigger room) | 61,760 | 61,760 | 25,430 |
To learn more about the University's Refund Policy, please click here.
Activity | Date |
---|---|
Activation of Online Application | November 15, 2024 |
Online Application Deadline | April 15, 2025, 5:00 pm (PKT) |
Deadline to submit online supporting documents and Processing Fee | April 16, 2025 |
Deadline to submit Financial Aid Application (if applicable) | May 16, 2025 |
Deadline to take GMAT/GRE (General)/NTS GAT (General) | April 27, 2025 |
LUMS Graduate Admission Test (LGAT) Administration | April 27, 2025 |
Admission Decisions | July 31, 2025 |
Foundation Classes | August 1-17, 2025 |
Orientation Week | August 19-22, 2025 |
Commencement of Classes | August 23, 2025 |
Note:
There is no CGPA requirement, minimum 16 years of education is compulsory for applying to the MS Financial Management Programme.
Yes. We do not exclude candidates who have a Master of Business or any other graduate degree.
Yes, Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) or NTS GAT (General) or LGAT score is required for admission to the MS Programme.
GMAT/GRE scores are valid for five years. GMAT/GRE taken five years before the admission deadline will not be considered valid. However, the NTS GAT (General) is valid for two years.
There is no preference in taking GMAT or GRE or NTS GAT (General).
We will consider your best scores of a single attempt.
If an applicant is unable to view his/her Test Registration Card despite completing all the requirements then he/she can write to us at admissions@lums.edu.pk.
Test Registration Cards and instructions will be posted to the applicants' secure online application account and an email message will alert applicants that the Test Registration Card has been posted. It will be posted on applicants' online account one week before the test date.
No, there is no age restriction for admission to the MS Financial Management Programme.
Given the structure of the curriculum we only offer fall admission.
Applicants completing their last degree by May 30, 2025 are eligible for applying in Fall 2025 Admissions.
A student with non-business background may be required to take pre-requisite courses to be determined by the LUMS Admissions Committee depending on the academic background of the applicant. Options to do this will be given to accepted applicants requiring pre-requisite courses.
Application for admission to the LUMS Master of Business Programme is an online process (there is no paper based application to fill out or mail). After creating an account and accessing the online admission application you may then begin to complete your application. You can work on your application at any time and submit it when it is ready. Please note that we expect applicants to adhere to the deadlines stated on the LUMS website. After submission you may print a copy for your own use.
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 receive; it is not possible to provide feedback on unsuccessful applications.
International students can get equivalence through the following process: https://www.hec.gov.pk/english/Pages/default.aspx
LUMS provides a well-maintained residential environment for international students.
The Master of Science degrees are specialised programmes requiring 33 credits to complete whereas the general management MBA degree is a 66 credit programme. Whilst the MBA takes two years and is built primarily on case method teaching providing a generalist orientation to tackling real-world business challenges, the blended learning-based Master of Science degrees can be completed in one year and you can begin to operate within an organisation whilst working on the field thesis during the third semester of the programme (totalling 1.5 years to complete the degree). The organisation where you do your field project may well be your longer-term employer. The Master of Science degrees each cover core fundamental business courses over the first semester after which you specialise in your chosen area in the second semester. By contrast, the MBA is broader in scope offering many course options. MBA graduates can opt to enter any industry of choice after graduation whereas Master of Science graduates will most likely have decided on the industry sector they want to join before applying to LUMS. So, what really matters to be admitted to any of the three Master of Science programmes are your reasons for wanting to specialise and why you want to work in the industry you have chosen.
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 admissions@lums.edu.pk with the specific header "Change in Application Form".
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 endeavors 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.
Following financial support options are available for SDSB Graduate Programme students:
By offering Interest-Free Loans, LUMS aims to reduce financial barriers to higher education, nurturing an inclusive and academically vibrant community where 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 2025-26 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.
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 scholarship.
Merit Scholarship is awarded to the top ranked applicants based on admission evaluation ranking. The Merit Scholarship will be given in the form of partial Tuition Fee waiver.
Note: In case a student qualifies for 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. Students who are on Merit Scholarship will not be provided the said scholarship for any repeat courses.
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 Women's 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 Graduate Programmes of the Business School. 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.
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.