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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English		Video and Text Based

Course Overview

With a history of 24 long years, the postgraduate programme has managed to have 34 batches. The Post Graduate Programme in Family Managed Business (PGP-FMB) certification course is provided by SPJIMR, Mumbai. The course talks about how the family business is managed and provides an ample amount of information on the same.

The training aims to make the students a perfect fit for their business. The programme is specially designed for students who are going to join their family business as the new entrants. Candidates can apply for the course by fulfilling the eligibility criteria. The course is available offline as well as in an online form.

The Post Graduate Programme in Family Managed Business (PGP-FMB) certification syllabus is divided into three phases that include various subtopics. Candidates can complete the whole syllabus in eighteen months. The learnings of the programme are delivered through state of the art pedagogy. The contents include plenty of assignments and projects for students. Candidates will get a certificate at the end of the Post Graduate Programme in Family Managed Business (PGP-FMB) online course.

The Highlights

Postgraduate level of programme
Accredited by AACSB, AMBA, NBA, AICTE
Online and offline sessions
18 months course - 1 week on campus, 3 weeks per month at your business location
3 phases of the programme - Basic, Advanced and Elective
Offered by SPJIMR, Mumbai
Certification of completion is awarded

Programme Offerings

(Offline sessions) Classroom lectures
Laboratory
Adda sessions
Guest sessions
quizzes
exams
Games
simulations
Roleplays
group work
Industrial visits. (Online sessions) Applications exercises
Business diaries
Integrated assignments

Courses and Certificate Fees

Certificate Availability	Certificate Providing Authority
yes	SPJIMR, Mumbai

Participants have to pay Rs. 13,03,900 (GST included) as the Post Graduate Programme in Family Managed Business (PGP-FMB) fees.
Students have to pay Rs. 59,000 (GST included) as the registration fee.
Students have to pay Rs. 75,000 (subject to change) as the hostel fee.

Post Graduate Programme in Family Managed Business (PGP-FMB) fees details

Heads	Fee amount	Amount with 18% GST
Registration fee	Rs. 50,000	Rs. 59,000
First instalment	Rs. 5,55,000	Rs. 6,54,900
Second instalment	Rs. 5,00,000	Rs. 5,90,000
Total fees	Rs. 11,05,000	Rs. 13,03,900
Hostel fees	Rs. 75,000	NA

Eligibility Criteria

Work experience

Candidates should have a minimum of one year of experience in the family business along with studies.

Education

Candidates should have an undergraduate degree and a basic understanding of business. Also, he/she should have mark sheets/transcripts that are validated from previous educational institutes.

Please note: He/she should be a minimum second-generation member in a family managed business. He/she should have a stake in the family business. The business should be scalable.

Certification Qualifying Details

Candidates will get their certificate of completion as the course ends.

What you will learn

Interpersonal skillsLeadershipBrand Management

After the completion of the Post Graduate Programme in Family Managed Business (PGP-FMB) programme, participants will be enriched with the following learnings:

Candidates will learn about the functioning of the business environment.
Students will come to know about the role of IT in the business.
Participants will gain valuable insights on interpersonal skills for business leaders.
Candidates will learn how to manage reseller networks and sales force in the Post Graduate Programme in Family Managed Business (PGP-FMB) certification.
Students will learn about financial management as well as cost management.
Candidates will learn about strategic negotiation in the course.
Students will learn about the legal aspects of the business.
Students will gain information on brand management in the Post Graduate Programme in Family Managed Business (PGP-FMB) training.
Candidates will learn about strategic negotiation and leadership skills.
Participants will acquire information regarding the financial planning of the business.

Who it is for

The Post Graduate Programme in Family Managed Business (PGP-FMB) by SPJIMR, Mumbai would be perfect for the following people-

Students who want to become successful businessmen.

Admission Details

The admission process of the Post Graduate Programme in Family Managed Business (PGP-FMB) programme has been simplified in the following steps-

Step 1- Click on the given link and visit the official website- https://www.spjimr.org/pgpfmb

Step 2: Thereafter, they have to click on the tab - Click here to register or create a log in.

Step 3: Once login is created, the candidates need to then get their email address verified.

Step 4: Once the verification is done, he/she will be directed to a registration/application form. Fill in the required details and submit them. Also, a fee amount needs to be paid. Moreover, they are required to upload the required documents as well. Therefore, they will be able to submit the application successfully.

Step 5: Participants must qualify for the online aptitude test.

Step 6: They must appear for the interview if qualified for the online test.

Step 7: Participants then have to qualify for the assessment.

Step 8: They will be selected or rejected on the basis of eligibility criteria.

Step 9: Upon selection, participants will have to pay the course fee.

Step 10: Participants can access the content of the programme thereafter.

Application Details

The candidates are required to fill in all the necessary details such as name, age, occupation, etc to submit their application successfully.

The Syllabus

Understand the business environment- I
Acquiring and managing customers
Introduction to finance
Leveraging IT for business
Business improvement project (Spread across phases)
Interpersonal skills for business leaders- I
Spreadsheets for decision making
Managing self
Managing teams
Family dynamics- I
Leadership lab
Business and Society (conducted over phases)

Understanding the business environment- II
Managing sales force and reseller networks
Financial management
B2B sales
Business improvement project
Interpersonal skills for business leaders- II
Cost management
Competitive strategy
Harnessing human resources in FMBs
Family dynamics- II
Leadership in action
Business and society
Strategic negotiation
Elective: Minor (incl visit)

Legal aspects of business
Digital in business
Brand management
Organizational development and change
Family dynamics- III
Financial planning and wealth management
Business and role plan

General electives

International Business
Private Equity and Venture Capital
International Finance
Taxation
E-Commerce
Doing Business in Emerging Economies
Behavioural Decision Theory

Custom elective: Major (Any One)

Real Estate and Infrastructure
Manufacturing
Service
Retail

Evaluation process

The candidates willing to be a part of this programme have to go through a selection process. They are required to give an aptitude test as well as appear for a personal interview.

SPJIMR, Mumbai Frequently Asked Questions (FAQ's)

1: What is the registration fee for the Post Graduate Programme in Family Managed Business (PGP-FMB) training?

Students have to pay Rs. 50,000 plus 18% GST, i.e. Rs. 59,000 as the registration fee.

2: Are there any prerequisites other than educational and professional qualifications?

Yes, students must have a family business and have a mentor to devote the time according to the programme.

3: What if I don't have any business background?

Students cannot apply for the Post Graduate Programme in Family Managed Business (PGP-FMB) certification if they do not belong to a business background.

4: How much is the hostel fee?

The hostel fee that the students need to pay is Rs. 75,000.

5: How long is the syllabus of the programme?

The Post Graduate Programme in Family Managed Business (PGP-FMB) certification syllabus is 18 months long.