| Lancaster University Management School | |
| Established: | 1969 |
| Country: | United Kingdom |
| Type: | Business School |
| Website: | http://www.lancaster.ac.uk/lums/ |
| Dean: | Professor Claire Leitch |
| Undergrad: | 2,268 |
| Postgrad: | 1,231 |
| Campus: | Semi-Rural |
Lancaster University Management School (LUMS) is the business school of Lancaster University in Lancaster, England. The school's history can be traced back to the establishment of departments of marketing and of operational research at the university's foundation in 1964. These and other related departments were organised into the "School of Business and Organizational Studies" in 1969. A full range of subjects are taught, ranging from undergraduate degrees to postgraduate degrees, including executive and full-time MBAs, PhDs and post-experience executive education.
Lancaster University was founded in 1964, with departments including marketing and the first department of operational research in Europe.[1] [2] At that time, a deliberate decision was made not to establish a general business school in competition to those being set up in the wake of the Franks report in London and Manchester, and at other universities. However, within five years it was proposed to unify work in marketing, operational research, financial control, systems engineering, relevant parts of economics, computer science (then considered part of mathematics), and politics into a Lancaster Centre for Business Studies. After politics was removed from the plan and a new Department of Organizational Research created, this became a reality under the name of the School of Business and Organizational Studies in 1969.[3] In 1974 the name of the school was changed to the School of Management and Organizational Science "to reflect more accurately the school's wide spread of interests in business, commerce, the trade unions and the public services".[4]
The school remained an assembly of largely autonomous departments until Alan Mercer was appointed to a three-year term as chair in 1982. He reorganised the school into the integrated Lancaster University Management School (LUMS) against stiff opposition, transforming it into a cohesive unit. Later, as associate dean for research, he persuaded the departments to make a single submission as LUMS to the 1992 Research Assessment Exercise, resulting in a top-grade of '5' for the school and contributing significantly to moving Lancaster into the top ten UK universities by research rating.[5] [6]
The MBA course was introduced in 1989.[7]
LUMS is one of the four faculties of Lancaster University and is situated on the university campus, south of the city of Lancaster. The campus consists of a number of new buildings and facilities grouped together near the south end of the campus.
Within the Management School, the Hub area and atrium of the school opened in 2005. The Charles Carter Building opened in 2010 and provides additional teaching and study facilities. The West Pavilion building opened in 2021, providing new lecture theatres, study and teaching space. From 2022, it is home to the Departments of Entrepreneurship and Strategy, Marketing, and Organisation, Work and Technology.[8]
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.[9] Through its Department of Entrepreneurship and Strategy, it also provides business support and knowledge transfer for small and medium enterprises in England's North West region. LUMS was awarded a Small Business Charter Gold Award[10] in 2014.
In 2005, LUMS partnered with Ernst & Young to offer undergraduate degrees in Accounting and Finance, in which students undertake two periods of paid work-experience with Ernst & Young, in preparation for a Chartered Accountant career. Several LUMS postgraduate programmes have modules designed and delivered by employers – these include Accenture, Deloitte, Cisco, IBM and SAP AG.
Seven subject areas exist within the Management School: Accounting and Finance, Economics, Entrepreneurship and Strategy, Management Science, Marketing, Organisation, Work and Technology, and Business and Management.
In the 2021 Research Excellence Framework (REF), Lancaster University Management School submitted to Unit of Assessment (UoA) 17: Business and Management Studies. LUMS was ranked 1st in the UK for 'research power' - a recognition of breadth and depth of research expertise; equal-first for research environment (both of these rankings were retained from the previous REF in 2014); and 21st for grade point average (GPA).[11] [12]
The School's research focuses around three main pillars: Sustainability; Social Justice; and Innovation in Place.[13] Ten research centres allow researchers from different departments to work together on projects. It hosts the Sir Roland Smith Chair in Strategic Management.[14]
The school contains a number of research centres:[15]
LUMS delivers a 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.[16]
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.[17]
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.
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 include the option to study abroad for periods ranging from one term to one year.
In 2022, Lancaster University was ranked in the top 15 UK universities in several 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 accreditation by the leading international business school accreditation organisations:
It also holds a Small Business Charter award from the Chartered Association of Business Schools, and was awarded an Athena Swan Bronze award in 2021, in recognition of its commitment to advancing gender equality.[18]
| Research Excellence Framework (REF)[19] | 1st in UK for Research Power;[20] [21] =1st in UK for Research Environment (Business and Management Studies) | 2021 | |
| Financial Times Global MBA Ranking[22] | 8th in the UK; 21st in Europe; =76th Globally | 2022 | |
| Financial Times Executive MBA Global Ranking[23] | 9th in the UK; =76th Globally | 2023 | |
| The Economist Which MBA?[24] | 10th in the UK, 89th Globally | 2022 | |
| The Economist Which MBA? (Executive MBA)[25] | 5th in the UK, 59th Globally | 2020 | |
| QS Global MBA rankings[26] | 12th in UK, 41st in Europe | 2023 | |
| QS Global Executive MBA rankings[27] | 75th Globally; 30th in Europe; 10th in the UK | 2022 | |
| Financial Times Global Master's in Finance (Pre-Experience)[28] | 9th in the UK; 46th in the World | 2023 | |
| QS Business Master's Rankings[29] | Master's in Marketing 39th Globally, 9th in UK; Master's in Business Analytics 26th in Europe, 8th in UK; Master's in Finance 65th Globally, 10th in UK; Master's in Management 70th Globally, 13th in UK. | 2024 |
Silver award for Lancaster University researcher at STEM for Britain contest.[30]
| Name | Programme of Study | Year | Current Status | |
|---|---|---|---|---|
| MA Marketing | 1971 | Chairman – Unilever | ||
| BSc Management Science | 1980 | Held an MP seat for Lincolnshire and Minister of State for Public Health until May 2010. | ||
| PhD Economics | 2001 | Founder and CEO – Gulf One Investment Bank | ||
| BA Accounting & Finance | 2002 | CEO – Asia Media | ||
| BSc Economics | 1980 | BBC Radio 2 Broadcaster | ||
| MSc Operational Research | 1981 | CEO – Compass Group | ||
| BA Economics | 1977 | Former CEO – Crossrail (till 2011) | ||
| Randall Zindler | MBA | 1999 | CEO – Medair | |
| MA Marketing | 1970 | Founder & chairman – ComScore | ||
| MA Operational Research | 1969 | Professor of Derivatives & Risk Management – University of Toronto | ||
| MA Operational Research | 1967 | Economist – Santa Fe Institute & Stanford University | ||
| BA Economics | 1985 | Comedian | ||
| PhD Accounting | 1994 | Accounting academic, poet, and children's author | ||
| Collette Roche | BBA Management | 1997 | Chief Operating Officer at Manchester United Football Club |