DEFINITION of 'Lancaster University Management School - LUMS'
The international business school division of Lancaster University. The Management School is considered the best in the U.K. for business and management research. The school offers a full range of degrees, from undergraduate to Ph.D. It is composed of eight separate academic departments, including accounting, finance and economics.
BREAKING DOWN 'Lancaster University Management School - LUMS'
The Lancaster University Management School was founded in 1964 and is located in Lancaster, England. The MBA program has been ranked as providing the best value for the money in the world. The school itself was relocated to modern buildings on the campus in 2005.