MBA in Entrepreneurship and Family Business Management 

at Pravin Dalal School, Vile Parle West

The salary of an MBA graduate specializing in Family Business in India can vary widely depending on several factors such as the individual's level of experience, the reputation of the business school from which they graduated, the size and profitability of the family business, the industry in which the business operates, and the geographic location.

However, here's a general overview of the salary range based on different experience levels:

·       Entry-Level: INR 5 - 10 LPA

·       Mid-Level: INR 10 - 20 LPA

·       Senor-Level: INR 20 - 50 LPA

While pursuing an MBA in Family Business Management is not necessary for the upliftment of one’s family business endeavours, however,  the course can help in numerous ways. 

Whether you need to pursue an MBA in Family Business Management to expand your family's business depends on various factors, including your current skills, the specific needs of the business, and your long-term goals. 

Here are some considerations to help you make an informed decision:

• Understanding Family Dynamics: Family businesses often have complex dynamics that can affect decision-making, succession planning, and overall business strategy.
• Succession Planning: Succession planning is a critical aspect of family business management, ensuring a smooth transition of leadership and ownership from one generation to the next.
• Enhancing Leadership Skills: Effective leadership is essential for the success of any business, and family-owned enterprises are no exception. 
• Access to Resources and Expertise: Many MBA programs have faculty members with expertise in family business management, as well as resources such as research centres, case studies, and industry partnerships focused on family-owned enterprises.

Family Business Management focuses on teaching individuals how to successfully manage and navigate the unique challenges faced by businesses that are owned and operated by family members. Family Business Management covers a wide range of topics, including strategic planning, governance, succession planning, and organizational structure. 

Candidates can check the Family Business Management syllabus below:

The Syllabus is prepared very carefully by taking in mind all the aspects a student needs in real life.

• Practical Exposure: Through internships, consulting projects, and case studies.
• Expert Insights: Learning from faculty with experience in family business consulting or management.
• Networking: Opportunities to connect with family business leaders and alumni for insights and mentorship.