BSc (Honours) Accounting and Finance

Overview

Why ACCOUNTING & FINANCE

A major in Accounting and Finance (ACF) in B.Sc. (Hons) provides students with a basis from which to continue their studies for a professional degree or to serve as a valuable foundation for careers in business and management. The graduates of this major are prepared for careers in auditing, corporate accounting, management consulting, government, not-for-profit organizations and taxation. The broad-based curriculum equips students with tools of intelligent analysis, planning, control and decision making.

Students can combine a variety of different complementary courses, while having the flexibility of selecting courses to suit their needs and interests. Following a specific track of courses helps students to get prepared for different professional certifications.

Accounting and Finance Core

Accounting - Core

Corporate Financial Reporting
Auditing
Applied Taxation

Finance - Core

Intermediate Finance
Applied Corporate Finance

Mandatory Audit Internship

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At this time, students can follow a set of pre-identified courses to simultaneously complete professional certifications with their B.Sc. (Hons) Degree in Accounting and Finance. The following tracks in partnership with certification bodies are offered:

ACCA is the world’s fastest-growing gateway to the accountancy profession, helping people to become successful accountancy professionals. It has over 170,000 members and 436,000 students in 180 countries. It works with over 8,500 approved employers and over 80 accountancy partnerships worldwide.

The Suleman Dawood School of Business (SDSB) has an MOU with ACCA which offers ACF students the opportunity to sit for the ACCA exams during the course of their undergraduate degree. Students must register with ACCA at the end of their sophomore year of BSc ACF to obtain exemptions and they are eligible for a fee waiver subject to certain conditions. ACF students are exempt from Foundation level papers (F1-F9). After exemptions have been granted students become eligible to sit for the professional stage papers (P1-P5) while completing their degree provided they have taken the following elective courses offered by SDSB.

Governance, Risk and Control
Advanced Corporate Financial Reporting
Business Management
Advanced Corporate Finance
Advanced Auditing

The Institute of Chartered Accountants of Pakistan (ICAP) was established in 1961 with the prime objective of regulating the profession of accounting in Pakistan. Its professionals are recognised and respected globally for their technical expertise and adherence to ethics and integrity.

ICAP recognised LUMS as a Specified Degree Awarding Institute (SDAI) in 2013. BSc ACF graduates are exempt* from the first 4 modules of ICAP examinations. LUMS graduates are also eligible for a reduced practical training requirement of 3 years. The courses currently mapped with ICAP which students must take to obtain exemptions are:

Writing and Communication
Business Communication
Calculus and Pre-Calculus
Probability and Statistics
Computer and Problem Solving
Introduction to Information Technology
Principles of Financial Accounting
Principles of Microeconomics
Principles of Macroeconomics
Principles of Finance
Corporate Financial Reporting
Business Law
Applied Taxation
Principles of Management
Organizational Behavior
Principles of Management Accounting
Auditing

*Provided a student passes all courses mapped with ICAP with a minimum B grade.

Chartered Financial Analyst (CFA) is a coveted certification offered by the CFA institute. The CFA institute is a global, not-for-profit organization comprising the world’s largest association of investment professionals. CFA institute has over 100,000 members around the globe and is dedicated to developing and promoting the highest educational, ethical, and professional standards in the investment industry.

LUMS is a regional partner of CFA program. CFA Institute partners with globally diverse, high profile institutions who cover at least 70% of the CFA Program Candidate Body of Knowledge™ and who embrace the CFA Institute Code of Ethics and Standards of Professional Conduct in their degree programs.

The following courses provide a solid foundation for CFA exam preparation.

Probability and Statistics
Principles of Microeconomics
Principles of Microeconomics
Corporate Financial Reporting
Applied Financial Analysis
Principal of Finance
Intermediate Finance
Applied Corporate Finance
Investments
Fixed Income Securities
Financial Derivatives
Portfolio Management

Pursuing a fellowship of Society of Actuaries (SOA) prepares students to deal with the assessment and management of risk for financial investments, insurance policies, and other ventures involving a measure of uncertainty. Financial markets value the skills acquired by actuaries, especially the quantitative analysis of risk highly. While many actuaries work in the insurance industry, the actuarial skill set is being increasingly sought after by industries that have not traditionally employed actuaries such as the financial services industry, marketing/sales organizations, and benefits management firms, among many others.

LUMS premier program BSc ACF provides opportunities to students to prepare for the fellowship of SOA. In addition to preparation for the fellowship exams, LUMS students may claim exemption from three papers of US Society of Actuaries namely, Economics, Corporate Finance and Applied Statistics. Students who wish to become an actuary are encouraged to take the courses given below:

Probability and Statistics
Principles of Microeconomics
Principles of Macroeconomics
Principles of Finance
Intermediate Finance
Applied Corporate Finance
Introduction to Actuarial Mathematics *

Econometrics
Financial Time Series Analysis
Quantitative Finance
Financial Derivatives
Construction and evaluation of Actuarial models
Models for Life Contingencies

*Being offered by Department of Mathematics

Structure

Elective Courses

Through a wide range of electives courses, students are able to develop business acumen, global thinking, interpersonal skills, leadership traits and social conscientiousness that is necessary for success in contemporary business environment.

Decision Sciences

Marketing

Management

Accounting

Finance

Information Systems Management

Project Management

Operations Management

Supply Chain & Logistics Management

Management Science and Spreadsheet Modeling

Financial Information Systems

Retail Management

Advertising Management

Sales Force Management

Consumer Behavior

Marketing Research

Brand Management

Using New Media Technologies in Marketing

Public Administration

Governance System of Pakistan

Contemporary Social Policy Issues in Pakistan

Reforming the Public Sector

Non-Profit & Voluntary Organizations

Agricultural Development

Women and Policy in Pakistan

Entrepreneurship

Strategic Management Accounting & Control

Advanced Management Accounting

Advanced Financial Reporting

Advanced Topics in Taxation

Applied Financial Analysis

Options, Swaps and Futures

Financial Risk Management

Microfinance

Entrepreneurial Finance

Law and Business Finance

Commercial Banking

Investments & Capital Markets

Islamic Banking & Finance

Financial Derivative

Important Dates

Undergraduate Programmes - (SDSB / MGSHSS / SBASSE / SAHSOL)

Activity	Date
Deadline to take SAT (with Essay) and/or SAT Subject Test (First Round Offers)	07 Dec 2019
Online Application Deadline (PST)	30 Jan 2020	05:00 pm
Deadline to submit supporting documents	31 Jan 2020
Deadline to take ACT (with Essay) (First Round Offers)	08 Feb 2020
LUMS SBASSE Subject Test	16 Feb 2020
Deadline to take SAT (with Essay) and/or SAT Subject Test (Second Round Offers)	14 Mar 2020
Deadline to take ACT (with Essay) (Second Round Offers)	04 Apr 2020
Admission decisions	22 Apr 2020 to 30 Jul 2020

Notes:

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 Undergraduate Programme. Meeting this criteria does not guarantee admission to the Undergraduate programme. Students are selected for admission to LUMS Undergraduate Programmes based on the following factors:

Academic Background
Performance in the Admission Test
Completed and submitted application form and supporting documents by the stipulated deadline
Interview (if called)

LUMS is committed to admitting the best academic students who have the potential to contribute to the learning environment at LUMS and to contribute and bring change to their communities. Consequently, LUMS considers academic achievements alongside other aspects of a candidate’s application.

Each successful applicant is made an offer for entry into a particular School at LUMS. Applicants for each School are selected on the basis of programme requirements of that particular School. Applicants should carefully choose the School(s) they apply to, and take into consideration their interests, motivations, academic strengths, and future career paths.

Admission in a specific school is based on merit and the availability of seats. Decisions on the admission of applicants are final.

Academic Requirements for Fall 2020 Admissions

The University is keen to attract students who are not only academically competent but also have the potential to contribute to the learning environment of LUMS. Following are the minimum academic requirements for applicants applying to the Undergraduate Programme:

Applicants with complete Higher-Secondary Degree +

Applicants who have successfully completed FA/ICS/ICOM/FSc/A’ Levels/High School Diploma or International Baccalaureate (IB) are eligible to apply for admission if they fulfill one of the following academic qualifications:

Successful completion of Matric with 70% marks or above & FA with 65% marks or above/FSc/ ICS/ICOM with 70% marks or above.
O’ Levels results (in at least ^₁8 subjects) with an average grade of at least ‘B’ in all subjects attempted; and A’ Levels (in at least three (3) full credit A Levels subjects) with an ²average of 2 Bs and 1 C grade across best three subjects such as there should be no grade less than an E. No credit will be given for Advanced Subsidiary subject(s), for the A Level General Paper, or for an A Level grade less than an E;
American High School Diploma (HSD) with 70% or above/Grade point average of B or above
International Baccalaureate (IB) with at least 28 out of 45 points
Combination of the above
Any other equivalent qualification (minimum acceptable scores will be determined by the Admissions Committee)

If shortlisted for admission, applicants will be given a conditional offer. To join LUMS in Fall, applicants must subsequently meet all the stipulated conditions specified by the Admissions Committee by August 2020.

Note:

Candidates who have registered or taken the exam of minimum three full credit A Level subjects and do not meet the minimum grades requirement (specified above) must improve their grades in order to be eligible for admission. A Levels exams are held in November and June. To be eligible for admission in 2020, applicants must improve their A Level grades in October /November 2019. Such applicants planning to improve their grades by taking June 2020 exams are not eligible for the Fall 2020 session.
Candidates who have already completed their Intermediate level degree (FA/ FSc/ ICS/ I.COM/ High School Diploma/ IB etc.) and do not meet the minimum marks/ grades requirement must improve their marks/ grades by October/ November 2019 in order to be eligible for Fall 2020 session.

Applicants admitted to LUMS and subsequently require HEC attestation of their UG degree must meet the conditions stipulated by the Higher Education Commission (HEC), Pakistan to get their Undergraduate degree attested. Details are available at the following link:

http://hec.gov.pk/english/services/students/Degree%20Attestation%20System/Pages/Degree-Attestation.aspx.

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¹Minimum subjects requirement for O’Levels may vary regionally and can be checked by visiting the following link: http://www.ibcc.edu.pk/equivalence.php.

²Best three (3) A’ levels full credit subjects will be considered for evaluation.

Applicants with incomplete Higher-Secondary Degree +

Applicants who have not registered or taken the final exams of their FA/ICS/ICOM/FSc/A’ Levels (in at least three full credit A Level subjects)/High School Diploma or International Baccalaureate (IB) as yet and are expecting their final results by August 2020 are eligible to apply for admission if they fulfill one of the following academic qualifications:

Successful completion of Matric with at least 70% marks or above and FA (Part-1) with 65% marks or above/FSc (Part-1)/ICS (Part-1)/ICOM (Part-1) with 70% marks or above;
O’ Levels results (in at least ¹8 subjects) with an average grade of at least ‘B’ in all subjects attempted;
American High School Diploma (HSD) (first year) with 70% or above/Grade point average of B or above;
International Baccalaureate (IB) (first year) at least 28 out of 45 points;
Combination of the above;
Any other equivalent qualification (minimum acceptable scores will be determined by the Admissions Committee)

If shortlisted for admission, applicants will be given a conditional offer. To join LUMS in Fall, along with other requirements specified by the Admissions Committee; applicants must subsequently meet one of the following academic conditions by August 2020:

Successful completion of FA (65% marks or above)/FSc/ICS/ICOM (70% marks or above)
A’ Levels (in at least three (3) full credit A Levels subjects) with an ²average of 2 Bs and 1 C grade across best three subjects such as there should be no grade less than an E. No credit will be given for Advanced Subsidiary subject(s), for the A Level General Paper, or for an A Level grade less than an E;
American High School Diploma (minimum required grades for the 12th Grade HSD will be decided by the Admissions Committee)
International Baccalaureate at least 28 out of 45 points

http://hec.gov.pk/english/services/students/Degree%20Attestation%20System/Pages/Degree-Attestation.aspx.

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¹Minimum subjects requirement for O’Levels may vary regionally and can be checked by visiting the following link: http://www.ibcc.edu.pk/equivalence.php.

²Best three (3) A’ levels full credit subjects will be considered for evaluation.

Major Preference(s) +

Students may apply for admission to multiple schools through a single application. Applicants are required to mention their major preference(s) for BS Programme of SBASSE & BA/BSc.(Honours) Programme of MGSHSS & SDSB through the LUMS Online Admission Application form.

Students are admitted to a specific school from the beginning of the programme and are not assigned a major at the time of admission except those admitted to the BA-LL.B Programme in SAHSOL. Admission in a specific school is based on merit and the availability of seats.

Allocation of a preferred major cannot be guaranteed at the time of admission. Allocation of a major will be done according to the school’s policy and mainly determined by the students’ preference(s), their academic performance at LUMS and, in the case of MGSHSS, the capacity constraint in the subject area.

Students may request for a change in their programme/school at the end of first year at LUMS subject to academic performance and availability of space. However, such requests will be considered on a case to case basis by the concerned department.

Applicants who are admitted to, and join the LUMS UG programme having an assessed high need of financial assistance will be considered for the refund of paid SAT (with Essay)/ ACT (with Essay) registration fee of one attempt.

Admission Test Requirement for Fall 2020 Admissions

Applicants applying to the Suleman Dawood School of Business (SDSB) and/or Mushtaq Ahmad Gurmani School of Humanities & Social Sciences (MGSHSS) are required to take One (1) of the following tests in order to be considered for Fall 2020 admission:

SAT (with Essay): or
ACT (with Essay)

The deadline to take SAT (with Essay) for Fall 2020 is March 14, 2020. Click here to register for the SAT (with Essay).

The deadline to take ACT (with Essay) for Fall 2020 is April 4, 2020. Click here to register for the ACT (with Essay).

Note:

Applicants taking SAT (with Essay) on or before December 7, 2019 and not planning to retake it in March 2020 will be considered for the First Round Offers.
Applicants planning to take SAT (with Essay) on March 14, 2020 will be considered for the Second Round Offers.
Applicants taking ACT (with Essay) on or before February 8, 2020 and not planning to retake it on April 4, 2020 will be considered for the First Round Offers.
Applicants planning to take ACT (with Essay) on April 4, 2020 will be considered for the Second Round Offers.

In order for your application to be considered complete and for LUMS to make an admission decision, have your official test scores submitted directly to LUMS by the testing agency, Educational Testing Service (ETS), USA on your behalf. The College code for reporting SAT scores to LUMS is 0513.

In order for your application to be considered complete and for LUMS to make an admission decision, have your official test scores submitted directly to LUMS by the testing agency, American College Testing Service (ACT), USA on your behalf. The College code for reporting ACT scores to LUMS is 7896.

Important Note

The Essay component of the SAT and ACT is mandatory for the Fall 2020 applications. SAT/ ACT taken without Essay will not be considered for evaluation.
SAT (with Essay) taken after March 2020 will not be considered for Fall 2020 session.
SAT (with Essay) taken before March 2018 will not be considered for Fall 2020 admissions.
ACT (with Essay) taken after April 2020 will not be considered for Fall 2020 session.
ACT (with Essay) taken before April 2018 will not be considered for Fall 2020 admissions.
While registering for SAT, applicants must use the same name which is mentioned on the LUMS Admission application and other academic credentials. Using a different name may prevent your scores from matching the rest of your application in our database.
Applicants are required to report test scores of all attempts through an online application and must submit a copy of score report(s) to the University. Best score of a single attempt (SAT (with Essay)/ ACT (with Essay)) reported through the online application will be considered for application evaluation.
Applicants who join the LUMS UG Programme and have an assessed high financial need will have their SAT (with Essay)/ ACT (with Essay) registration fee refunded for one test attempt.

Supporting Documents Requirement for Fall 2020 Admissions

Applicants must submit complete online application form on or before January 30, 2020; 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 January 31, 2020

Application Processing Fee for Local & Overseas Applicants

The application processing fee is Rs. 5,900

Application Processing Fee for International Applicants

The application processing fee is $83

Payment Procedure

Local & Overseas Applicants: 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 Fee payment voucher. For further details regarding Fee payment options, Click here

International Applicants: Applicants can make a payment for the Application Processing Fee through a Bank Draft drawn in favour of Lahore University of Management Sciences.

Proof of Payment

Local & Overseas Applicants: 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 in ONE package on or before the stipulated deadline.

International Applicants: Applicants are required to send original Bank Draft along with all other 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.

Only short-listed candidates are called for interview.

FAQs

Q. What are the requirements of applying to LUMS Undergraduate Programme?

Please visit the mentioned link https://admission.lums.edu.pk/undergraduate-programmes-0

Q. How competitive is admission to LUMS Undergraduate Programme?

Admission to the LUMS Undergraduate Programme is highly competitive and the University is able to offer admission to only a small fraction of applicants.

Q. How do we apply to MGSHSS/SDSB/SBASSE/SAHSOL?

For the Programmes offered by the MGSHSS/SDSB/SBASSE/SAHSOL, submit an online admission application through the following link: https://admissions.lums.edu.pk

Q. What are the minimum requirements for diploma holders (DAE)?

Applicants with diploma may apply if they have secured minimum 70% marks or above, however, they are required to submit equivalence certificate issued by the IBCC, Pakistan.

Q. What are the main subjects in A' Levels in order to get admission in LUMS?

Please visit the following link to get details about admission criteria: https://admission.lums.edu.pk/undergraduate-programmes-0

Q. Does it affect a student's chance to get into LUMS if he/ she has appeared privately over a regular student?

No, applicants are evaluated on their academic grades regardless of the fact whether someone has taken the final exam through a school/college or privately.

Q. Is it possible to transfer credits from another university to LUMS?

Yes, LUMS accepts transfer students from accredited institutions at the undergraduate level. Applicants interested in transfer to the LUMS Undergraduate Programmes should be enrolled in an undergraduate Programme in an HEC recognised institution and should have completed one year or expected to complete one year before joining as a full time student. Transfer is offered twice a year before the Fall and Spring semesters respectively.

Please visit the mentioned link https://admission.lums.edu.pk/programmes/transfer for detailed information.

Q. May students who are admitted defer enrollment to another year?

No, attending the first semester at LUMS is compulsory and deferment is not an option for undergraduates.

Q. When do application decisions become available?

All admission decisions taken by the University are final. During admission evaluation process, some applicants are admitted, some are placed on a waiting list and the remaining applicants are denied admission. Acceptances are offered between April to July. For this reason, your admission decision may arrive at a different time from a friend or classmate.

Q. Is there a separate application form for the SDSB, MGSHSS, SBASSE and SAHSOL?

No, by default the LUMS online application system allows you to apply for the SDSB, MGSHSS, SBASSE and SAHSOL simultaneously.

Q. Can I apply to more than one school i.e. SDSB/SBASSE/MGSHSS/SAHSOL simultaneously?

Yes, by default the LUMS online application system allows you to simultaneously apply for the SDSB, MGSHSS, SBASSE and SAHSOL. Applicants may choose to apply for admission into any TWO schools (SDSB, MGSHSS, SBASSE and SAHSOL) at LUMS.

Q. How can I give my preferences for the SDSB, MGSHSS, SBASSE and SAHSOL through a common application form?

Applicants can mention their major preference(s) for BS Programme of SBASSE, BA/BSc. (Honours) Programme of SDSB, MGSHSS and BA-LL.B of SAHSOL through the online admission application form.

Applications are evaluated according to the preferences mentioned by applicants in this section. Based on the evaluation of each school, applicants are offered the highest preference they qualify for. This means that if an applicant qualifies for more than one school, one is sent an offer from the school of his highest qualified preference. Therefore, it is highly suggested to select school preferences very carefully.

Q. Can I still apply for admission if I have taken A' level retakes?

Yes, an applicant can apply for admission if (s)he has appeared in retakes of November 2019, for the application of year 2020.

Q. Can I submit the retakes results after the submission of the application?

Applicants appearing for the November 2019 retakes must check the result awaiting option in the online application. Applicants must inform Admissions Office about the estimated time period in which the result of any retake exam will be announced.

Q. I have not yet received confirmation email of my online application submission. What should I do?

You should recheck the completion and proper submission of your application form.

Q. Do I need to get an equivalence certificate from IBCC?

Candidates who have either completed or are in the last year of completion of their education which does not lead to Matric/FA/ICS/ICOM/FSc. will be required to get an equivalence certificate from the Inter Board Committee of Chairmen (IBCC), Islamabad, Pakistan. For further information please contact:

The Chairman
IBCC
FBISE Building, H-8/4
Islamabad.
http://www.ibcc.edu.pk

Q. Should the documents (transcripts/results) be attested?

Applicants must provide attested copies of original documents issued officially. Attestation of these documents is mandatory by concerned authority (School/College).

Q. Can Admissions Office return my application documents to me?

Documents sent to the Admissions Office cannot be returned as they are for administrative purposes. Please make sure to keep a copy for your own use before sending the documents to our office.

Q. Do I have to send my transcript translated if it is not in English?

Yes, academic records from international universities if not in English must be accompanied by an official English translation along with other supporting documents

Q. How many "Teacher Evaluations" may I submit?

Minimum two Teacher Evaluations are required.

Q. Who should my recommendations be from?

The recommendation form(s) should be from teacher(s) of your current or last institute. Recommendations from school/ college counselor(s) are not acceptable.

Q. Can Freshmen students begin studies at LUMS during the spring semester?

No, admissions to LUMS takes place once a year and freshmen are admitted to the Fall semester only.

Q. May I request for the application fee refund?

No, after the application submission, the application fee becomes non-refundable.

Q. Is there a waitlist?

Since the number of students who accept our first round of admission offers vary each year, a small number of applicants stay on our waitlist and in case space becomes available after the first round, students on the waitlist are offered a place in the second round.

Q. How many applicants are placed on the waitlist?

The number of candidates placed on the waitlist fluctuates from year to year, depending on the size and quality of the applicant pool.

Q. Are there any specific quotas in admission?

There are no quotas.

Q. Do I need to take an entrance test for admission to the SDSB/MGSHSS/SAHSOL Programme?

The SAT (with Essay) or ACT (with essay) is mandatory for all applicants applying to the Suleman Dawood School of Business (SDSB), Mushtaq Ahmad Gurmani School of Humanities & Social Sciences (MGSHSS), Shaikh Ahmad Hassan School of Law (SAHSOL). The Essay component of the SAT and ACT will be required for the Fall 2020 applications. SAT (with Essay) Registration can be done online through the following link: https://www.collegeboard.org. Applicants can register for ACT (with Essay) through https://www.act.org

In addition to the SAT (with Essay)/ ACT (with Essay), applicants are required to take the Law Admission Test for Shaikh Ahmad Hassan School of Law (SAHSOL). It is a requirement set by the Honorable Supreme Court of Pakistan for the admission in five years LL.B Programme. Detailed information is available at the following link: http://hec.gov.pk

Q. Do I need to take an entrance test for admission to the SBASSE Programme?

All applicants applying to the Syed Babar Ali School of Science and Engineering (SBASSE) undergraduate programmes are required to take the following two (2) admission tests in order to be considered for Fall 2020 admission.

SAT (with Essay) OR ACT (with Essay); and
LUMS UG SBASSE Subject Test OR SAT Subject Test (in at least 3 of the 4 SAT subject tests) listed below:
1. Biology-M
2. Chemistry
3. Mathematics II-C
4. Physics

The SBASSE Admission Test for admission to the Fall 2020 semester will be held ONLY ONCE on February 16, 2020.

The deadline to take SAT (with Essay) and/or SAT Subject Test for Fall 2020 is March 14, 2020. Click here to register for the SAT (with Essay) and SAT Subject Test.

The deadline to take ACT (with Essay) for Fall 2020 is April 4, 2020. Click here to register for the ACT (with Essay).

Note:

Applicants taking SAT (with Essay) and/or SAT Subject Tests on or before December 7, 2019 and not planning to retake it in March 2020 will be considered for the First Round Offers.
Applicants planning to take SAT (with Essay) and/or SAT Subject Tests on March 14, 2020 will be considered for the Second Round Offers.
Applicants taking ACT (with Essay) on or before February 8, 2020 and not planning to retake it on April 4, 2020 will be considered for the First Round Offers.
Applicants planning to take ACT (with Essay) on April 4, 2020 will be considered for the Second Round Offers.

Q. How can I send the SAT (with Essay)/ACT (with Essay)/SAT II score report if the hard copies are not available in the given time?

If you have not received SAT (with Essay)/ACT (with Essay)/SAT II score report as yet then submit a printed copy of your online test scores.

Q. Is it compulsory to submit a copy of all SAT (with Essay)/ SAT II/ ACT (with Essay) score reports?

Applicants are required to report test scores of all attempts to the University by submitting a copy of score report(s) and through the online application. Best score of a single attempt reported through the online application will be considered for application evaluation.

Q. I am planning to take SAT in March 2020, when should I apply?

Application submission deadline for all UG applicants for the admission of Fall 2020 is January 30, 2020;5:00 pm (Pakistan Standard time).

Q. Is there a minimum SAT (with Essay)/ SAT II/ACT (with Essay) score requirement for the applicants?

No, there is no minimum score required for SAT (with Essay)/SAT II/ACT (with Essay).

Q.What is the last date to take SAT (with Essay)/ SAT II/ACT (with Essay) for admission for the session commencing August 2020?

Kindly visit the mentioned link for dates and deadlines https://admission.lums.edu.pk/undergraduate-critical-dates

Q. I have taken the old version of the SAT I. Will you accept old SAT I?

No, the old version of SAT I is not acceptable.

Q. I have taken SAT (with Essay)/SAT II/ACT (with Essay) more than once, which score will be considered for the evaluation?

Best score of a single attempt reported through the online application will be considered for application evaluation.

Q. How can I get information about LUMS SBASSE Subject Test?

In addition to SAT (with Essay)/ ACT (with Essay), subject knowledge in the area of Biology, Physics, Advanced Mathematics & Chemistry will also be evaluated through this test. Questions are designed to explore knowledge and skills acquired over a period of time. The test is designed to compare candidates with different academic backgrounds.

Difficulty Level: Admission Test is designed to determine the intellectual abilities of test takers. Questions will be at a difficulty level appropriate for students in the final year of A’ Levels/FSc./IB/HSD. They are typically Multiple Choice Questions (MCQs), similar to the pattern used in SAT. LUMS SBASSE Subject Test is approximately two (2) hours long. Calculators are not allowed during Admission Test.

LUMS reserves the right to use any test pattern that best meets its admission’s objectives. Instead of preparing for the test, we recommend getting a deep knowledge of fundamental principles and focusing on a good understanding of your school subjects.

The SBASSE Subject Test Registration can be done through the LUMS online application system at: http://admissions.lums.edu.pk on or before January 30, 2020, 5:00 pm (Pakistan Standard Time).

Note: The SBASSE Admission Test for admission to the Fall 2020 semester will be held ONLY ONCE on February 16, 2020.

Q. What is the LUMS SBASSE Subject Test fee?

Kindly visit the mentioned link https://admission.lums.edu.pk/fee-structure-2019-2020

Q. How can I submit the application processing and LUMS SBASSE Subject Test fee (if applicable)?

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. For further details regarding Fee payment options Click here

Q. By which date should applicants expect their Test Registration cards to be delivered?

Test Registration Cards will not be mailed. Test cards will be available within the application in printable form starting February 10, 2020.

Q. I have submitted my online application & all the required documents on time, what if I am unable to view my Test Registration Card?

Test cards will be available within the application in printable form starting February 10, 2020. If any applicant is unable to view his/her Test Registration Card despite completing all the requirements then he/she can write to us at helpdeskao@lums.edu.pk

Q. Does LUMS accept ACT (with Essay) scores?

Yes, LUMS accepts results of the ACT (with Essay).

Q. Can I change my Test Centre?

Test Centre can only be changed in special circumstances (provided with a reason) and the applicant must inform the Admissions Office latest by February 05, 2020. No request later than the specified date will be entertained.

Q. Is it possible to apply after the deadline? What is the late application policy?

Applications cannot be submitted after the deadline. There is no late application policy.

Q. 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".

Q. 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, not all of them 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.

Q. What is a mailing label?

A mailing label has especially been designed for your convenience as it bears not only your name, tracking/application ID, schools applied to but also a complete address for correspondence. After the successful submission of your application form you will be able to print the mailing label. The LUMS Admissions Office will only accept a package that contains the “Mailing Label”.

Fees

Fee Structure for FY 2020-21

Particulars	Fall Semester	Spring Semester
	PKR	PKR
Admission Fee (One Time Charge)	89,500	-
Tuition Fee	385,600	409,700
Semester Registration Fee	29,500	29,500
General Security (Refundable - One Time Charge)	34,400	-
Total Fee	539,000	439,200

Hostel Fee

Particulars	Fall Semester	Spring Semester
	PKR	PKR
Hostel Fee (double occupancy)	45,000	45,000
Hostel Fee (triple occupancy)	30,000	30,000

Important Points

The above breakdown of fee structure is for Year 1 of the 4 year BSc (Honours) Accounting & Finance 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.

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