Lahore University of Management Sciences also called LUMS is ranked among top universities of Pakistan. It was established in the year of 1985 with the help of Harvard Business School. Syed Babur Ali was the influential founder of Lahore University of Management Sciences. It is managed by the board of governors who are the effective business community member. First business school was opened in 1985 and later other institutes were also started by LUMS. Today the university offers countless category of programs. There are many societies established inside the university. Lot of extracurricular activities are also organized there. Student learn about different professional activities by participating in these type of events which are arranged by the university. There are different categories of scholarships available for the bright students. Many students who maintain brilliant academic record are provided with financial assistance. Some need students are also given scholarships. Quality of education is the excellent one which have been maintained by the university.