MS (Technology Management and Entrepreneurship)

Overview

The Master of Science in Technology Management and Entrepreneurship fuses modern business administration issues with state-of-the-art technology management approaches. It offers robust training in the qualitative, quantitative, and innovative aspects of technology and innovation management whilst also developing your entrepreneurial mind-set. Through hands-on learning, pitch competitions and a host of personal and professional challenges, this Master of Science Programme pair’s classroom learning with practical work to develop, validate, prototype and apply innovative technological or social solutions tied to emerging problems and opportunities. The degree stresses idea sharing, applied market research, creative action and iterative change with instructional and practical components to help students put their ideas to test. Graduates of the Master of Science in Technology Management and Entrepreneurship will enjoy a unique and highly marketable profile that will prepare them for careers in various organizations from small technology start-ups to large established companies, consulting firms, public organizations, supply chain logistics, project management and innovation management spaces.

Structure

The Master of Science in Technology Management and Entrepreneurship is a business-based degree Programme requires 1.5 years to complete 33 credit hours. The first semester of the Master of Science encompasses four required business courses within a structured core curriculum. The second semester courses enable you to achieve the specialist expertise of your selected Master degree (Business and Public Policy or Healthcare Management and Innovation or Technology Management and Entrepreneurship). After the second semester, students also take an Applied Data Analysis course in the Summer to complete 27 credits hours. Following the regular coursework, students will engage in a field project in the third semester counting for six credit hours. There will also be a non-examined course which will feature distinguished practitioners from industry, government, start-ups among other associations to expose students to applied business issues and to enhance their networks. In summary, Master of Science Programme requires:

 

  • Core Courses: Five Courses / 15 Credit Hours
  • MS Specialization Courses: Four Courses / 12 Credit Hours
  • Field Thesis: 6 credit hours
  • Total: 33 Credit Hours
  • Duration: 1.5 years
  • Teaching System: Semester Based

In detail, Master of Science Programme looks like this:

FIRST SEMESTER: Core Courses 

Four business core courses of three credit hours each are taken by all Master of Science students in the first semester:

  • Business Economics    
  • Organizations and Leadership  
  • Financial Management and Accounting 
  • Marketing Management  

SECOND SEMESTER: Specialization Courses

The Master of Science business degrees have specific Specialization courses. These comprise four courses of three credit hours each to provide the concentration you desire. The specific courses for each Master of Science business degree are as follows:

Master of Science in Technology Management and Entrepreneurship courses:

  • Technology, Design and Innovation Management
  • Technology and Operations Management
  • Tech-Entrepreneurship
  • Business Venture Proposal Writing

SUMMER: Core Course 

After two semesters of study, all Master of Science students take a three credit course in Applied Data Analysis in the summer.

THIRD SEMESTER: Field Thesis 

In the last semester of studies for the Master of Science degree Programme, all students undertake a practical field project carrying 6 credit hours. The project is linked to a real-life client during the third semester where a final report and presentation to the client is made.  Students will benefit from work exposure and extensive networking opportunities.

Students will select an organization with the assistance of the academic coordinator. Organizations can either be private or public. Some students may be placed in local community or tech community contexts dealing with policy analysis as well as business and trade associations. In consultation with the academic coordinator and the main point of contact at the selected organization, students will identify a project that makes a useful contribution to the organization. Students will be required to submit a final report as a field thesis summarizing the task and findings/recommendations. The purpose of the field thesis is to document the work carried out as part of the field project. The exact requirements of the report will be determined by the academic coordinator and the student and will vary from organization to organization.

Important Dates

MS (Business & Public Policy / Healthcare Management & Innovation / Technology Management & Entrepreneurship)

Round 1
ActivityDate
Deadline to take GMAT/GRE/ NTS GAT (General)
25 Mar 2020
Online Application Deadline (PST)
26 Mar 2020
05:00 pm
Deadline to submit supporting documents
27 Mar 2020
Round II
ActivityDate
Deadline to take GMAT/GRE/ NTS GAT (General)
17 May 2020
Online Application Deadline (PST)
28 Apr 2020
05:00 pm
Deadline to submit supporting documents
29 Apr 2020
Admission Decisions
30 Apr 2020 to 30 Jul 2020
Notes: 

Each “round” stands for a distinct period in which you may apply. It does not represent a succession of steps for your application. In an academic year, you may apply in one round only.
Candidates are strongly encouraged to apply in the first round of admission, as space becomes an issue in each successive round and one's probability of selection decreases with each round as fewer seats are available.
The University reserves the right to change dates and deadlines for admissions. Please keep informed of any changes by visiting www.lums.edu.pk periodically as well as the LUMS online application site.

Minimum Eligibility Criteria for Fall 2020 Admissions

Applicants must meet the minimum eligibility criteria in order to be considered for admission to the Graduate Programme. Meeting this criteria does not guarantee admission to the Programme.

Applicants are selected for admission to LUMS Master of Science in Technology Management and Entrepreneurship Programme based on the following factors:

  1. Academic Background;
  2. Performance in the Admission Test;
  3. Statement of Purpose;
  4. Two Recommendation Letters;
  5. Completed and submitted application form and supporting documents by the stipulated deadline;
  6. Interview (if called)

Academic Requirements for Fall 2020 Admissions

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 or equivalent in a relevant discipline including Business, Management and Commerce.  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. 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 of 16 years of education issued by the Higher Education Commission (HEC), Pakistan.

 

Note:

  • Applicants completing their last degree by May 15, 2020 are also eligible to apply.

ADMISSION TEST REQUIREMENT FOR FALL 2020 ADMISSIONS

Applicants are required to take Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT) or NTS GAT (General) in order to be considered for admission.

GRE (General)/ GMAT are offered as computer adaptive tests worldwide. Apart from official test scores that LUMS will require directly from Pearson or Educational Testing Service (ETS) USA, applicants must submit or mail a copy of the unofficial GRE (General)/GMAT scores as soon as possible after taking the test. The LUMS code for receiving GRE (General)/ GMAT scores from Pearson and ETS is 0679.

For further details on GRE (General), GMAT and NTS GAT (General), please log on to www.ets.org, www.mba.com and nts.org.pk respectively.

NOTE:

  • The deadline to take the GRE (General)/ GMAT/ NTS GAT (General) for Round 1 is March 25, 2020 and for Round 2 is May 17, 2020.
  • GRE (General)/GMAT taken more than five years before the admission deadline will not be considered valid.
  • NTS GAT (General) taken more than 2 years before the admission deadline will not be considered valid. A minimum of 50 percent in GAT (General) is a requirement for admission.
  • If the applicant has taken more than one test, the best score will be considered for application evaluation.
  • For equivalency check from GRE (General) to GMAT please visit the following link https://www.ets.org/s/gre/flash/bschool/comparison/17302/170/index.html.

Supporting Documents Requirement for Fall 2020 Admissions

Applicants must submit complete online application form on or before March 26, 2020 for Round 1 and April 28, 2020 for Round 2; 5:00 pm (Pakistan Standard Time).

The deadline to submit all supporting documents along with the proof of payment of Admission Application Processing Fee in ONE Package is March 27, 2020 for Round 1 and April 29, 2020 for Round 2.

APPLICATION PROCESSING FEE

  • The application processing fee of Rs. 5,900
  • The application processing fee of $81 for International applicants.

PAYMENT PROCEDURE

After the successful submission of the online application form through the LUMS Online account on or before the application submission deadline, applicants will be able to print a system generated Application Processing and LUMS Test Registration (if applicable) Fee payment voucher.

PROOF OF PAYMENT

A stamped copy of the payment voucher or a confirmation email of an online banking transaction constitutes proof of payment. Applicants are required to send a copy of payment proof along with all other required supporting documents as ONE package on or before the stipulated deadline. Applicants must print and paste the “Mailing label” on the envelope before sending it to the LUMS Office of Admissions. Applications or documents received after the stipulated deadline will not be processed.

Recommendation letters

Recommendation letters should indicate applicant’s academic performance, commitment to excellence and their strong aptitude for business education. These can be from professional as well as academic referees.

Work Experience

Work experience is not essential for admission to the Master of Science Programme in Technology Management and Entrepreneurship.

Statement of Purpose

You will be asked to submit a writing sample in the form of a statement of purpose. It should identify in clear terms why you think you are suited to the particular Master of Science in Technology Management and Entrepreneurship you are applying to.  You should state how registration in the degree will enable you to achieve your career goals. For instance, you may have an interest in founding a web-based start-up but feel you lack sufficient expertise in commercialising your tech-focused initiative which justifies your interest in the Master of Science in Technology Management and Entrepreneurship. This would then explain your interest in studying for the Master of Science in Technology Management and Entrepreneurship . Your personal statement should present clearly and effectively your reasons for wishing to undertake the particular Master of Science in Technology Management and Entrepreneurship Programme.

Interview Performance

A merit ranking of candidates shortlisted for interviews will be created based on academic performance, personal statement, letters of recommendation, test scores and work experience (if any) of the applicants. Only short-listed candidates will be called for interviews. An offer of admission cannot be made without an interview.

FAQs

There is no CGPA requirement, minimum 16 years of education is compulsory for applying in Master of Science in Technology Management and Entrepreneurship.

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) score is required for admission to the Master of Science in Technology Management and Entrepreneurship Programme.

There is no minimum required score in GMAT or GRE (General), however, a minimum of 50 percent in GAT (General) is a requirement for admission.

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).

After the successful submission of the online application form you will be able to print a system generated Application Processing payment voucher. Please print the voucher for making payments at Allied Bank Branches throughout Pakistan. The voucher can be paid:

Online, immediately by visiting https://admission.lums.edu.pk/student-payment-options-0 or
In cash by presenting the payment voucher along with the requisite amount at any Allied Bank branch throughout Pakistan.

No, there is no age restriction for admission to the Master of Science in Technology Management and Entrepreneurship Programme.

An applicant need to furnish the recommendation letters on LUMS format only available in online admission application in recommendation letter section.

Transfer of credits from another Programme to the LUMS Master of Business Programme is not allowed. All admitted students regardless of having an advanced degree will begin the Programme as a first year student.

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.

You can send in your GMAT/GRE un-official score report along with your supporting documents.

1. 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).
2. After creating an account and accessing the online admission application you may then begin to complete your application.
3. 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.
4. You can "track" the receipt of supporting documents submitted.
5. The earlier you submit your application the sooner you can learn about the receipt of these materials. 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.

You need to send us your supporting documents on or before deadline, it might take a day or so in reaching LUMS that will be acceptable for us.

LUMS provides a well-maintained residential environment for International students.

The Master of Science degrees are specialized 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 organization whilst working on the field thesis during the third semester of the Programme (totalling 1.5 years to complete the degree).  The organization 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 specialize 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 specialize and why you want to work in the industry you have chosen.