Pallavi Priyadarshini PandaContent Writer
MBA in Family Business programme is designed with an immersive and case-based learning approach that combines administrative, entrepreneurial, and technical abilities. The course expands the vision of the candidates and enhances their leadership and problem-solving skills required in the business world. It also encourages the qualities of a true leader within them. Students can pursue MBA in Family Business Management or Postgraduate Diploma in Family Business to meet their career objectives and business requirement.
This programme is beneficial for people who want to expand their family business. In a period of globalisation, modernisation, and commercialisation, the MBA in Family Business Management programme aids entrepreneurs in keeping updated with competitive and management changes.
The important points related to MBA in Family Business are given below:
Eligibility- Interested students must have graduated with a minimum of 50% aggregate marks from a recognised university or college. They must have submitted the required documentation and declarations in the approved manner regarding their knowledge of their family business. This programme is also offered to students in their final year of graduation.
Admission Process- On the basis of the documents presented by the interested students, applications are assessed and eligibility is determined. Eligible students also need to appear in the entrance tests held at the national or university levels and get good scores. They also need to appear in group discussions and personal interviews depending on the admission procedure followed by the colleges.
Who Should Attend-This programme is planned for entrepreneurs and those running family businesses. The participants of this course should be graduates and possess five years of work experience. If the participant is the owner of a business, the work experience criteria are relaxed.
Learnings- The desirous students will learn valuable entrepreneurship skills needed to run a respectable business. Also, it will help them in becoming potential leaders. It will also assist them in building strategic thinking, vision, and commercial acumen while improving their electronic information analysis ability.
Curriculum-The syllabus of the MBA in Family Business is divided into four semesters. In the first three semesters, students will gain in-depth knowledge about topics related to management and businesses, while in the fourth semester, students will go for an Industry internship/ Entrepreneurial Venture Foundation/Business Expansion.
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MBA in Family Business Overview
Every semester of the MBA programme in Family Business consists of a combination of General Core, Programme Core, and Ability Development courses. This guarantees that students gain a comprehensive understanding of both core principles and application-oriented learning in the subject of family company and entrepreneurship in general.
|
Semester-1 |
|
|---|---|
|
Subject |
Details |
|
Business Finance |
In this, students learn the fundamentals of running its affairs in a world dominated by the flow of money. They learn about the basic accounting principles to the foundations of financial management. |
|
Organisational Behaviour |
This course provides an overview of the micro and macro dimensions of human behaviour from an individual, group, and organisational standpoint. |
|
Marketing Management |
It teaches the fundamental concepts of marketing and its importance in the business world to the students. |
|
Design Thinking for Innovation |
This course allows the application of fundamental design thinking ideas to create new solutions to business difficulties from a more human-centric perspective. |
|
Family Business Management |
This course provides an in-depth overview of the principles of establishing and running a family business, as well as an outline of its governance concerns, issues, and effective operation techniques. |
|
Data Visualisaton |
This course introduces the value of information and how it can be used to make business decisions by utilising some of the most powerful data analysis technologies. |
|
Decision Analysis |
This is an introductory course that integrates the essential disciplines of statistics and data science to help the analytical decision-making process that is at the heart of every organization. |
|
Business Economics |
Students learn about business's interwoven function in the greater context of the business environment in which it works. It assists them in understanding what issues may have an impact on their future business and ways for mitigating them. |
|
Semester-2 |
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|---|---|
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Subject |
Details |
|
Legal Aspects of Business |
The course covers the legal aspects of business as well as the necessary needs for its creation and operation. It teaches the legal systems and their applications in real-world circumstances. |
|
Introduction to Business Analytics |
The program includes the data-driven decision making through brief courses on financial analytics, digital marketing, human capital management, and operations analytics, among other topics. |
|
Human Resource Management |
It deals with the management of talents hired to enhance their performance and improve their contribution towards the company. |
|
Sales Management for Family Business |
It describes the full process of hiring, training, and analysing sales teams, as well as supervising and eventually reaching their potential, as well as managing dealer and distribution networks. |
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Private Equity and Venture Capital Financing |
Students will learn how to obtain financial resources to fund their excellent ideas, new projects, or infuse fresh funds into their existing family company organisation. |
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Corporate Entrepreneurship |
This topic is for corporate entrepreneurs. It teachers how to generate new business concepts and explore unique and creative solutions within the confines of existing family owned business. |
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Succession and Leadership in Family Business Organisations |
This course examines the significance of succession planning in family businesses. The course addresses the background of Family Business Leadership and its challenges in both passing the baton and taking on the mantle, |
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Personal Branding |
The concept of personal branding is introduced in this course. It is a must-have for both potential entrepreneurs and Next Gen family company leaders looking to build networks and contacts in the business ecosystem. |
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Semester-3 |
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|---|---|
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Subject |
Details |
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Family Business Growth, Success and Learnings |
This program focuses on the learnings and great experiences of remarkable family businesses. |
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Managing Finances in Family Business |
This course provides an in-depth overview of how to handle the finances of a family business, which can be a key difficulty for most firms in this field. |
|
Electives |
--------- |
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Semester-4 |
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|---|---|
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Subject |
Details |
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Internship |
In the final semester, in which the learnings of the programme are applied into the real business world. The three types of internships are Industry internship/Entrepreneurial venture internship or Family Business internship. |
Some of the elective subjects from which students need to choose to gain specialisation and in-depth knowledge of the subjects are mentioned in the table below:
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Elective Subjects |
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|---|---|
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Subjects |
Details |
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Site Administration and Control |
Administrative controls are one type of control measure that considers training, practice, strategy, or shift designs to reduce the risk of a hazard to an individual. |
|
Private Public Partnership (PPP) |
A PPP, or public-private partnership, is a long-term arrangement between a national or municipal government and a private enterprise. |
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Advances in Project Management |
Project management is the process of managing a team's effort to fulfil all project goals within the limits set. |
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Project and Infrastructure Finance |
Project financing is commonly utilised for huge infrastructure projects such as roads and bridges, as well as oil and gas and renewable energy projects. |
|
Corporate Real Estate Management |
For many years, corporate real estate management in diverse companies has been predicated on transactions that are focused on decreasing expenses in the short term. |
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Real Estate Investments and Finance |
Real Estate Finance and Investment is intended for real estate professionals who want to expand their understanding of finance and valuation. |
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Big Data Analytics |
Big data is a term used to describe data sets that are too large or too complex for typical relational databases to capture, manage, and process with low latency. |
|
Digital Transformation Management |
The process through which corporations embed technologies into their operations to promote fundamental change is known as digital transformation. |
Some of the important books for MBA in Family Business subjects are:
|
Book |
Author |
Details |
|---|---|---|
|
Before You StartUp |
Pankaj Goyal |
Starting a business is not an easy task. It requires planning. This preparation is about understanding your "why," producing and testing business ideas, assembling your founding team, communicating with your family, and managing your career and finances. It is all about psychologically preparing to begin. This book will help in finding those answers. |
|
The Personal MBA |
Josh Kaufman |
The Personal MBA provide students with easy mental models for each subject that is critical to commercial success. This book distils everything they need to know to compete with MBA graduates, from the fundamentals of goods and marketing to the intricacies of teamwork and systems. |
|
Business Communication |
N. Gupta |
This book is a revised version designed according to the latest syllabus for MBA. It provides knowledge on opinions, beliefs, time management and organisational communication. |
|
MBA in a book |
Joel Kurtzman |
MBA in a Book is a concise, jargon-free reference to the basic curriculum of an MBA programme, showing how to learn the big ideas of business and apply them in a practical way to establish and increase career success. |
|
Business Law |
N D Kapoor |
This book talks about fundamental principles of Business law and how they affect any company. |
Some of the common entrance exams for admission to management colleges are:
CAT- The Common Admission Test (CAT) is a national entrance assessment for India's 20 IIMs and over 1,200 business schools. The three sections of this entrance exam are
MAT- The All India Management Association administers the Management Aptitude Test (MAT), a national admissions exam for MBA/PGDM admissions (AIMA). AIMA conducts the admission exam in three modes: computer-based test , paper-based test, and internet-based test.
GMAT- The Graduate Management Admission Council (GMAC) administers the Graduate Management Admission Test (GMAT) to MBA and other graduate students (GMAC). The GMAT is an online, computer-based examination.
CMAT- The Common Management Admission Test (CMAT) is administered by the National Testing Agency and is used to enrol applicants in MBA programmes at over 1,000 Indian colleges and universities (NTA). NTA holds CMAT entrance tests in Computer Based (CBT) modality across the country each year.
NMAT- GMAC administers the NMAT (National Management Admission Test) for MBA admissions at NMIMS University and other major management institutes. NMAT is administered by the Graduate Management Admission Council (GMAC).
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Top Exams for MBA in Family Business
The distance programme assist entrepreneurs, corporate venturing managers, start-up businesses, and others who work in entrepreneurship environments in learning what they need to develop ideas into productive enterprises, as well as how to increase possibilities in their companies, organisations, and regions.
In the distance programme, participants will be exposed to the material, context, and connections that enable entrepreneurs to build and launch successful new enterprises based on revolutionary technology through lectures by senior academics and live case studies with successful entrepreneurs.
Students who have completed their bachelor’s degree from any recognised university or an equivalent degree recognised by UGC with 40 per cent marks are eligible to apply for this programme.
Distance learning programme enable the candidates to complete the course at their own pace. They can purse distance programme from:
Read More:
Q. Can a student pursue PhD after completing MBA in Family Business?
A. Yes, a student can pursue PhD in Family Business Management after completing MBA in it. A number of colleges are offering this programme so that interested students can gain detailed knowledge of the subjects.
Q. Which companies hire MBA in Family Business graduates?
A. The companies that majorly hire MBA in Family Business graduates are:
Q. What are the skills required to pursue MBA in Family Business?
A. Some of the abilities required for an MBA in Family Business Management include a strategic mentality, time management, communication skills, leadership skills, decision-making skills, business and management interests, critical thinking, analytical skills, and decision-making.
Q. What are the eligibility criteria for MBA in Family Business?
A. Students need to have completed their bachelor’s degree in any stream with 50 per cent marks from a recognised university. Also, they need to appear and score good in entrance exams that allow admission to management colleges.
Q. What are the eligibility criteria for MBA in Family Business?
A. Students need to have completed their bachelor’s degree in any stream with 50 per cent marks from a recognised university. Also, they need to appear and score good in entrance exams that allow admission to management colleges.
Q. What is the duration of MBA in Family Business?
A. MBA in Family Business is a postgraduate programme that focuses on managing family businesses. It can be completed in two-year time.
Q. Which are the top colleges offering MBA in Family Business?
A. Choosing the right college is the most important thing. Candidates can see the list of popular colleges that offer the course below:
IIM Bangalore
IIM, Nirma University, Ahmedabad
JMI, Delhi
ISB, Hyderabad
Amity University, Mumbai
SP Jain Institute of Management and Research, Mumbai
Q. What are the main job profiles after MBA in Family Business?
A. The passouts of this programme can work as Entrepreneur, Business Administrator, Account Manager and Human Resource Manager.
Q. What are the main subjects in MBA in Family Business syllabus?
A. The main subjects included in the curriculum of an MBA in Family Business are:
Q. What is the scope of MBA in Family Business?
A. People nowadays are more ready to start their own business, startup or wish to be entrepreneurs, or expand their family business since it provides a sense of originality and professional fulfilment. The MBA in Family Business Management programme is designed to suit the needs of both family-owned businesses and entrepreneurs in today's society.
Q. What is the average salaries for various positions after MBA in Family Business?
A. The young professionals can start earning INR 6 lakhs at the start and can earn up to INR 20 lakhs with experience.
Family Business Applications open. Apply Now
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Anything you would want to ask experts?Answered Yesterday
While many have a rigorous learning system, an industry-integrated curriculum, and a holistic development model, GIBS Business School stands apart. One of the unique differentiators at GIBS is the GIBS IRE School, comprising Innovation, Research & Entrepreneurship, which offers structured training i
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Hi.
GIBS Business School has an average annual student intake of 300 seats for its PGDM programme and 150 seats for its BBA program.
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GIBS students are very active when it comes to organizing cultural fests, leadership programs, and sports events. Most of the events on campus are actually student-driven — we plan, coordinate, and manage everything with guidance from faculty. Whether it's cultural festivals, DJ nights, freshers, fa
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At GIBS, students work together very actively for peer learning and group projects. Most of our assignments are done in teams, so we sit together, discuss ideas, divide the work, and help each other out. In class, we have a lot of presentations, case studies, and activities where everyone shares the
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Contributor-Level 8
Answered 5 hours ago
At GIBS, the support for internships and placements is honestly very solid. We have a dedicated placement team that keeps bringing companies, helps us with resumes, mock interviews, and all the prep we need. Every week we have Finishing School sessions where we work on communication, confidence, and
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Answered 2 days ago
The campus of GIBS Business School is known for its lively learning atmosphere, new infrastructure, and innovation-driven ecosystem. Built across an expansive, green campus, GIBS offers a mix of academic excellence and experiential learning that will enrich the overall development of the students. T
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h
Scholar-Level 17
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The campus atmosphere at GIBS is honestly very positive and lively. As a student, I feel the vibe is super friendly, supportive, and full of energy. The campus is always active with events, workshops, IRE sessions, clubs, and fun activities, so it never feels boring. Faculty and mentors are very app
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GIBS has really good facilities that make student life smooth and comfortable. The classrooms are modern, with smart boards and a neat setup that makes learning easy. The library is well-stocked with books, journals, and a calm space to study. There are separate labs for analytics and practical lear
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GIBS has a very active student life with lots of clubs and events happening throughout the year. We have clubs for marketing, finance, HR, entrepreneurship, arts, dance, music, drama, sports, and more — so there's something for everyone. The campus hosts fests, cultural events, talent shows, managem
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Scholar-Level 17
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Yes, GIBS does have a management quota or direct admission, but the eligibility criteria like minimum 50% marks in graduation is applicable.
Other than the fact that less weight is given to the entrance exam scores, the major difference from the regular merit-based process is that admission is more b
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Contributor-Level 6
Answered 3 days ago
Most common reasons why someone gets rejected during GIBS admission rounds:
Incomplete application — like missing documents, wrong details, or not uploading everything properly.
Very low entrance exam scores — GIBS is flexible, but they still expect a basic score to consider you.
Poor communication dur
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GD and PI are also important stages in the final selection process for the PGDM/MBA programs at GIBS Business School. GD evaluates a candidate's communication skill, team spirit, leadership qualities, and critical thinking under pressure, while PI evaluates the applicant's personality, motivation, c
M
Contributor-Level 6
Answered 3 days ago
For PGDM admission in GIBS Business School, Bangalore, the minimum required scores are comparatively student-friendly. Generally, a "CAT, XAT, or CMAT percentile of around 60" is considered passable, and for "MAT, a score of 64 percentile or above" is usually expected. Since GIBS has an overall holi
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Contributor-Level 6
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GIBS Business School, through continuous innovation, integration with industry, and exposure to a global outlook, maintains its curriculum in line with present business trends.
The PGDM course offered is constantly updated by the institution to include emerging industries like Artificial Intelligence
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Contributor-Level 6
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Hi.
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Scholar-Level 17
Answered 4 days ago
Honestly, the placement process at GIBS is pretty smooth and student-friendly.
Every year, the placement season starts with the college preparing us properly before companies even come in. First we have training sessions, aptitude classes, mock interviews, GD practice — all the basic stuff that actua
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Contributor-Level 8
Answered 4 days ago
At GIBS, honestly most of the companies that come for placements are MNCs — easily around 70–80%. That's something I personally like because you get exposure to big brands and proper corporate culture.
Some of the common names we keep hearing on campus are like IBM, Deloitte, Accenture, Byju's, Wipro
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Yes
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No, the DPGU's School of Pharmacy and Research does not offer a standalone MBA in Pharmacy, but it does offer a 5-year integrated Bachelor of Pharmacy (B. Pharm) + MBA (Pharmaceutical Technology) dual-degree program
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Beginner-Level 1
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At GIBS, you can get admission through both entrance scores and management quota — so it's not just limited to CAT/MAT/CMAT scores.
If you have good entrance marks, great! If not, GIBS also considers management quota, where your overall profile, academics, and interview matter more than just scores.
I
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Contributor-Level 8
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Yeah, totally! A candidate can apply for both PGDM and BBA at the same time in GIBS.
The process is very simple — you just fill out the applications separately, and the team guides you throughout. GIBS is super supportive, so if you have any confusion, they actually help you choose what's best for yo
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At GIBS Business School, Bangalore, the role of faculty extends beyond mere teaching in class. Professors at GIBS often work with students on industry-oriented projects, live case studies, and consulting assignments that connect a host of conceptual and theoretical aspects with business challenges f
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The candidates applying to GIBS Business School, Bangalore, have to upload or submit some necessary documents to verify the information regarding academics and personal details. The documents which are required for this purpose include passport-sized photographs, copies of the 10th and 12th mark she
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Contributor-Level 8
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The general eligibility criteria for MBA/PGDM programmes of many NMAT-accepting colleges are:
A bachelor's degree (10+2+3 years minimum) in any discipline from a recognised university.
Minimum 50% aggregate marks (or equivalent CGPA) in the qualifying bachelor's degree.
Final year students may often a
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