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MBA Family Business Management: Course Fees, Admission, Colleges, Syllabus, Career
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MBA Family Business Management is a postgraduate degree programme that lasts two years and consists of four semesters. Students learn the concepts to establish or transform their family-run businesses. Family businesses are a crucial part of the economy and contribute a significant amount to the nation’s GDP. As of now, only 12 institutes offer this course.
This Story also Contains
- MBA Family Business Management Course Details- Highlights
- MBA Family Business Management Eligibility Criteria
- Top MBA Family Business Management Entrance Examinations
- Top MBA Specialisations
- MBA Family Business Management Syllabus
- MBA Family Business Management Course Fee Structure
- Scope of MBA Family Business Management
- Career Options after an MBA in Family Business Management
- Benefits of Studying an MBA in Family Business Management
- Salary after MBA, Family Business Management
- Browse Top MBA in Family Business Management colleges in Top Locations
- Top Private MBA Family Business Management Colleges in India
- Top Government MBA Family Business Management College in India with Fees
MBA degree in the field of Family Business Management also provides students with managerial and entrepreneurial skills highly desired nowadays. Due to its broad scope, many institutes will offer this course in the future. Some of the popular colleges are JMI New Delhi, Sharda University, and NICMAR Pune.
Candidates require a bachelor’s degree in a relevant discipline to be eligible for the course. Admissions are primarily based on either the entrance examination or merit score. CAT, XAT, MAT, and CMAT are the popular entrance examinations. Apart from entrance tests, many candidates may also conduct personal interviews and group discussion sessions.
The course curriculum includes subjects such as Management Information Systems, Principles of Management, Marketing Management, Operations Research, and Business Economics are the core subjects. Some of the job roles opted by MBA Family Business Management are Entrepreneur, Business Administrator, Accounts Manager, and Business Consultant.
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Download List HereMBA Family Business Management- Important Dates and Events
- CAT Notification was announced in the last week of July 2025
- CAT Application Process started in 1st week of August
- CAT Exam Date- November 30, 2025
- XAT Notification will be announced in the second week of July 2025
- XAT Application will start in the 3rd week of July 2025
- XAT Exam Date- January 3, 2025
MBA Family Business Management Course Details- Highlights
| Particulars | Values |
|---|---|
Degree Name | MBA in Family Business Management |
MBA Family Business Management Course Level | Postgraduate |
MBA Family Business Management Course Duration | Two year |
MBA Family Business Management Semesters | Four |
MBA Family Business Management Entrance Exams | CAT, MAT, GMAT, CMAT, XAT, NMAT |
MBA Family Business Management Eligibility Criteria | Bachelor’s degree |
MBA Family Business Management Admission Process | Entrance Exam |
MBA Family Business Management Fees for the entire duration | Rs. 1.30 Lakhs to Rs. 10.61 Lakhs |
MBA Family Business Management Average Salary | Rs. 11 LPA |
MBA Family Business Management Job Profiles | Business Administrator, Entrepreneur, Account Manager, Human Resource Manager |
MBA Family Business Management Top recruiters | Deloitte, IndusInd Bank, KPMG, Ernst & Young, Hindustan Unilever Ltd, Amazon, Airtel, Vodafone, Whirlpool |
MBA Family Business Management Eligibility Criteria
Every institute has some eligibility requirements, that must be met by the applicants to be eligible for the course. Before applying for admissions, students should fulfil these requirements. Eligibility details can be found either on the official website of the institute or the programme brochure of the respective institute. In the table mentioned below, we have provided some of the qualification requirements.
| Eligibility Parameters | Details |
|---|---|
| Educational Qualification | Bachelor's degree in a relevant discipline from a UGC-recognised institute |
| Minimum aggregate score (for general and reserved categories) | 50 per cent aggregate score (for general) 5-10 per cent relaxation for candidates belonging to the reserved categories |
| Provisional Admission | Final-year students are eligible on a provisional basis |
| Work Experience | Not mandatory, though many renowned institutes may prefer candidates with some experience |
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MBA Family Business Management Admission Process
Management institutes generally have a three-stage selection procedure, consisting of entrance examinations, personal interviews and group discussions. A merit list is prepared, and candidates are allotted colleges through a counselling session. In the table mentioned below, we have discussed the admission procedure for an MBA in Family Business Management.
- Candidates should begin with the application process after fulfilling the eligibility requirements of the course.
- They should fill out the application form carefully before submission.
- Many colleges provide admissions based on the entrance exam scores. CAT, MAT, XAT, and CMAT are the popular examinations.
- Based on the examination results, a merit list will be prepared, and students will be allotted colleges.
- After clearing these admission tests, candidates should pay the course fees and submit relevant documents
Top MBA Family Business Management Entrance Examinations
In India, there are several management entrance examinations. Apart from popular exams such as CAT, MAT, and CMAT, some institutes may have university-specific examinations. Some of the major MBA examinations are listed below.
| Exam Name | Conducting Body | Exam Pattern |
|---|---|---|
Indian Institute of Management Lucknow | ||
All India Management Association (AIMA) | ||
National Testing Agency | ||
Xavier School of Management | ||
Graduate Management Admission Council | ||
Graduate Management Admission Council | - |
Top MBA Specialisations
Apart from Family Business Management, many specialisations are offered in the MBA. Students can choose their specialisations depending on their interests and future goals. In the table below, we have listed the popular MBA specialisations.
MBA Family Business Management Syllabus
The syllabus of the MBA Family Business Management may vary depending on the institute. However, the core topics covered are Principles of Management, Quantitative Techniques for Business, Financial Management, Accounting, Marketing Management, and Legal Aspects of Business. In the following table, we have listed the syllabus of Parul University.
MBA Family Business Management 1st Year Syllabus
In the first year of MBA Family Business Management, students study subjects such as Principles of Management, Quantitative Techniques for Business, Marketing Management, Human Resource Management, and IT Skills. In the table below, we have discussed the first year (Semester 1 and Semester 2) syllabus of MBA Family Business Management.
| Semester 1 | Semester 2 |
|---|---|
| Principles of Management | Organisational Behaviour |
| Financial Management Accounting | Financial Management |
| Managerial Economics | Legal Aspects and Business Environment |
| IT Skills | Production and Operations Management |
| Quantitative Techniques for Business | Research Methods for Business |
| Marketing Management | Management Information System |
| Human Resource Management | Business Ethics and Corporate Governance |
MBA Family Business Management 2nd Year Syllabus
In the second year of the MBA Family Business Management, students study subjects such as Innovation and Entrepreneurship, Project Management, Business Analytics, Project Appraisal and Management, and Dynamics of Family Business Management. In the table below, we have discussed the second-year syllabus of MBA Family Business Management.
| Semester 3 | Semester 4 |
|---|---|
| Innovation and Entrepreneurship | Strategic Management |
| Social Entrepreneurship and Small Business Promotion | Family Business Models |
| Small Business Operation | Managing Conflicts in Family Business Leadership and Teamwork |
| Project Appraisal and Management | Taxation Law and Planning |
| Summer Internship Project | Master Thesis |
| Inter-Departmental Course | Sickness and Turnaround Strategies for Small Businesses |
| Project Management | Government Schemes for Entrepreneurship Development |
| Institutional and Legal Framework for Start-Ups and Family Business | Business Finance for Startups and Growth |
| Communication and Branding Strategies | Artificial Intelligence in Business |
| Dynamics of Family Business Management | Intra-departmental courses |
| Business Analytics |
MBA Family Business Management Course Fee Structure
The fee structure is decided by the college administration. The tuition fees do not include the security deposit and application fee. Candidates can check the fees either on the official website of the institute or by contacting the admissions office. MBA Family Business Management fee generally ranges from Rs. 1.30 Lakhs to Rs. 10.61 Lakhs.
Scope of MBA Family Business Management
At present, family-run businesses are developing quickly. They are also an integral component of India's economy, and a lot of people are involved in establishing and expanding their family-owned businesses. Students with an MBA degree in Family Business Management can also apply for a PhD in a similar stream. It will also help them get high-paying jobs. The average salary of a Business Manager in India is Rs. 11 LPA and depends on the experience and skills of the candidate.
Career Options after an MBA in Family Business Management
Apart from entrepreneurship, an MBA in Family Business Management also enables candidates to apply for several high-paying careers. They can work in both the private and public sectors after graduation. In the table below, we have provided some of the popular career choices, job descriptions and average salary.
| Job Profiles | Job Descriptions | Average Salary |
|---|---|---|
Business Administrator | Business administrators help businesses run smoothly and achieve their short- and long-term objectives. They also direct other employees on their progress and adherence to business laws. | Rs. 6.2 LPA |
Entrepreneurs are professionals who start a new business. They can bear the risk. They generally have an idea that will help solve a problem. | Rs. 18.6 LPA | |
Account Managers are usually the business representative who has the most one-on-one contact with the client. They are in charge of the day-to-day chores of responding to customers' wants and complaints, as well as keeping track of their account activities. | Rs. 8.8 LPA | |
Human Resource Managers plan, organise, and manage an organisation's administrative activities. They are in charge of recruitment and interviewing new employees, as well as consulting with top management on strategy development and acting as a bridge between management and workers. | Rs. 11 LPA |
Source: AmbitionBox
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Benefits of Studying an MBA in Family Business Management
An MBA Family Business Management course has many benefits. Nowadays, people are focused on running their businesses or expanding their family-owned businesses. MBA Family Business Management will help the candidates by providing them with the necessary skills. After graduation, students can also work at corporations to get the necessary business and managerial skills.
Salary after MBA, Family Business Management
The average salary of an MBA Family Business Management graduate depends on various factors. Some of the factors influencing the salary are skills and experience, work location, and the job profile opted by the candidate. The salaries for the private and government sectors are also different. In the table below, we have provided the average salaries of the private and government sectors.
| Sectors | Average Salary |
|---|---|
Private | Rs. 3 LPA-Rs. 75 LPA |
Government | Rs. 3 LPA-Rs. 75 LPA |
Source: Naukri.com
Browse Top MBA in Family Business Management colleges in Top Locations
A variety of higher education institutions offer an MBA in Family Business Management. Depending on the institution and geographic region, the fee may differ. In the table below, we have compiled a list of the best MBA programmes in Family Business Management programmes in India.
Top Private MBA Family Business Management Colleges in India
The fees of a private institute may be higher than a government institute. Students can check the website of the college to learn more course details. Listed below are the popular colleges along with their respective fees.
| Colleges | Fees |
|---|---|
| Sharda University, Greater Noida | Rs. 8.01 Lakhs |
| NICMAR University, Pune | Rs. 6 Lakhs |
| Institute of Management, Nirma University, Ahmedabad | Rs. 10.61 Lakhs |
| Auro University, Surat | Rs. 8 Lakhs |
| Amity University, Patna | Rs. 7.80 Lakhs |
| Career Point University, Kota | Rs. 3.13 Lakhs |
| Geeta University, Panipat | Rs. 2.05 Lakhs |
| Anjaneya University, Raipur | - |
Top Government MBA Family Business Management College in India with Fees
As of now, only one government institute offers an MBA in Family Business Management. Government colleges are generally affordable as compared to private institutes. JMI New Delhi is a popular government college offering an MBA in Family Business Management. The fee is Rs. 1.30 Lakhs for the course.
Frequently Asked Questions (FAQs)
Q: What is MBA Family Business Management?
A:
MBA Family Business Management is a postgraduate level degree programme in the field of management. The course duration is two years, spread across four semesters. It prepares the candidates to establish or expand their family-owned businesses.
Q: What is a family-owned business?
A:
As the name suggests, a family-owned business is a type of business entity owned by a family.
Q: What is the tuition fee of the MBA in Family Business Management course?
A:
The average fee of an MBA in Family Business Management generally ranges from Rs. 2.05 Lakhs to Rs. 10.61 Lakhs, depending on the institute.
Q: What is the duration of the MBA in Family Business Management course?
A:
The course duration of an MBA in Family Business Management is two years consisting of four semesters.
Q: What are the skills required for an MBA in Family Business Management?
A:
Strategic mindset, Time Management, Communication Skills, Leadership Skills, Decision-making Skills, Business and Management interests, Critical Thinking, Analytical Skills, and Decision-Making are some of the skills required for an MBA in Family Business Management.
Q: Is MBA in Family Business Management is difficult?
A:
An MBA is only as difficult as you make it, and it is only as rewarding as you put into it. There is rarely any hand-holding in business. Either you become a competent business expert or you are surpassed by the competition.
Q: What is the eligibility criteria for an MBA in Family Business Management?
A:
A bachelor's degree in any specialisation from a recognised university is required for an MBA in Family Business Management.
Q: Which colleges offer MBA in Family Business Management courses in India?
A:
Some of the top colleges which offer MBA in Family Business Management degrees are School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai, JMI New Delhi - Jamia Millia Islamia, HITS Chennai - Hindustan Institute of Technology and Science, Nirma University, Ahmedabad, NMIMS Mumbai - Narsee Monjee and Institute of Management Studies.
Q: What are the career options after an MBA in Family Business Management?
A:
There are various career options after an MBA in Family Business Management. Some of the careers are Business Administrator, Entrepreneur, Account Manager, Human Resource Manager.
Q: What are the best firms to work for if you have an MBA in Family Business Management?
A:
Deloitte, IndusInd Bank, KPMG, Ernst & Young, Hindustan Unilever Ltd., Amazon, Airtel, Vodafone, Whirlpool are some of the leading organisations that hire MBA in Family Business Management graduates.
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Questions related to MBA
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Have a question related to MBA ?
Hello,
The better PG course depends on your career goals: choose an MCA if you want a career focused on technology, like coding, software development, and technical roles. Opt for an MBA (IT) if you are interested in management, leadership, strategy, and business aspects of the IT sector.
I hope it will clear your query!!
Hello aspirant,
Here below I am providing you with the name of some of the best MBA colleges in Hyderabad:
- Institute of Management Technology, Hyderabad
- The Indian School of Business
- The ICFAI Business School Hyderabad
- Woxsen University
- The Institute of Public Enterprise
- GITAM Hyderabad Business School
To know about more colleges, you can visit our site through following link:
https://bschool.careers360.com/colleges/list-of-mba-colleges-in-hyderabad
Thank you
Hello,
Here are some top MBA colleges in India with fees under Rs. 2 lakh and their exam/cutoff details:
-
SIMSREE, Mumbai – Fee around Rs. 1.3–1.4 lakh for 2 years. Accepts CAT, CMAT, MAH-CET, MAT, ATMA. Cutoff is very high, usually 99+ percentile in CAT/CMAT.
-
PUMBA (Dept. of Management Sciences, Savitribai Phule Pune University) – Fee around Rs. 1.2–1.3 lakh. Accepts CAT, CMAT, MAH-CET, ATMA. Cutoff approx. 75+ percentile in CAT, 90–95+ percentile in CMAT, high scores in MAH-CET.
-
TISS, Mumbai (MA HRM & other management-related programmes) – Fee around Rs. 1.7–1.9 lakh. Accepts CAT for some courses. Qualifying cutoff is around 60–70 percentile, but final selection cutoffs are higher.
These are the main government institutes where the full MBA/PG programme fee is within Rs. 2 lakh. Cutoffs vary slightly each year and by category, but SIMSREE and PUMBA generally need high scores, while TISS has its own process along with CAT shortlisting.
Hope it helps !
Yes, MBA in FinTech is a good option if you are interested in the combination of finance and technology. After this course you can work in roles like FinTech product manager, financial analyst, blockchain/crypto specialist, risk & compliance manager, or business development manager in banks, startups, and financial companies.
For the salary part, freshers usually start with around 5–10 LPA in normal companies and in bigger FinTech firms or banks it can even go up to 10–15 LPA, depending on your skills, college, and location.
If you do Data Science and then an MBA in Finance, you can get many high-paying jobs. Some of the best options are:
1. CFO (Chief Financial Officer) – You manage a company’s finances, budgeting, and reports. Big companies pay 40 lakh to 1 crore per year.
2. Investment Banker – You help clients raise money and do mergers or acquisitions. Salaries start around 10–12 lakh for freshers and can go up to 30 lakh or more with experience.
3. Chief Data Officer – You lead data strategies in companies. Pay can be 80 lakh to 1.3 crore per year.
4. Machine Learning Engineer / AI Scientist – You create AI and ML models. Salary is around 35–42 lakh per year.
5. Product Manager – You manage product strategy and market positioning. Can earn 89 lakh to 1.1 crore per year in big tech companies.
6. Financial Actuary – You analyze financial risks. Pay is around 25–30 lakh per year.
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