MBA in Family Business Management Course, Subjects, Exams, Admission, Colleges, Fees, Career
What is an MBA in Family Business Management?
MBA in Family Business Management is a two-year post-graduate management degree programme that helps students to turn their family-run businesses into professionally-run organisations. MBA Family Business Management prepares students to comprehend competition dynamics and to become familiar with organisational transformation as a result of globalisation, restructuring, and modernization. The Family Business Management Course is created for individuals who want to be a member of their family-owned business and would like to develop, diversify, and manage it. MBA stands for Master of Business Administration, and it is a postgraduate degree programme in management studies. The Master of Business Administration degree programme offers courses in Sales and Marketing, Operations Management, Finance, Human Resource Management, Marketing Management, Logistics Management, and Business Analytics.
MBA in Family Business Management
Direct admission and based on the entrance examination
Fees for the entire duration
Rs. 30,000 to Rs. 15,00,000
Rs. 10 LPA
Human Resource Manager
Ernst & Young
Hindustan Unilever Ltd.
MBA in Family Business Management Eligibility
Those interested in pursuing an MBA in Family Business Management must meet certain criteria. Admission to the MBA in Family Business Management programme requires that students satisfy the following criteria:
An undergraduate degree in any relevant area, such as BBA, BA, B.Sc, B.Com, BCA, from a recognised university with a minimum average of 50 per cent is required for admission to the MBA in Family Business Management programme.
Applicants should have scored well on the required entry examinations and met all other conditions.
There are no age limitations for the MBA in Family Business Management programme.
Work experience is highly recommended, even though it is not compulsory.
Popular Management Colleges in India
Management courses are offered by a variety of educational institutions in India. Admission is based on previous academic achievements and admission test scores. The following are some of India's best management institutions:
MBA in Family Business Management Admission
Individuals should apply to the institutions of higher learning at which they wish to pursue an MBA in Family Business Management. To get admitted, they must have a high-grade point on their final exams and satisfy the required percentage criteria. Students should check the cutoff score before enrolling in college and completing all required documentation. Candidates can also confirm their eligibility by visiting the institute's official website, filling out the online application form, and submitting the required documents.
Candidates for an MBA in Family Business Management must meet a variety of admission requirements, based on the institution. A number of business schools accept students on a first-come, first-served method. Most academic institutions admit students to MBA in Family Business Management programmes based on their academic performance or a cut-off score on an admissions test.
Top MBA in Family Business Management Entrance Examinations
The results of eligible entrance examinations decide admission to a number of institutes and universities. Here are the top MBA in Family Business Management admissions examinations.
CAT: The Common Admission Test (CAT) is a national admission exam for the 20 IIMs and more than 1,200 business schools in India.
MAT: The Management Aptitude Test (MAT), which is a nationwide admissions exam for MBA/PGDM admissions, is administered by the All India Management Association (AIMA).
GMAT: MBA and other graduate students pass the Graduate Management Admission Test (GMAT), which is administered by the Graduate Management Admission Council (GMAC).
CMAT: The National Testing Agency administers the Common Management Admission Test (CMAT), which is used to enrol candidates in MBA programmes at over 1,000 educational institutions in India (NTA).
XAT: Xavier School of Management (XLRI) administers the XAT (Xavier Aptitude Test), which is a national business entrance exam for MBA admission.
NMAT: The NMAT (National Management Admission Test) is administered by GMAC for MBA admissions at NMIMS University and other major management colleges.
Cutoff of Top Colleges
An MBA in Family Business Management merit score is influenced by various of factors. Those who scored lower than the cut-off percentage are eligible to continue with the course. The MBA in Family Business Management cutoff is determined by the number of applicants and their entrance exam scores, which varies by institution.
MBA in Family Business Management Skills Required
The core aspects of traditional MBA programmes are the development of managerial skills, knowledge of organisational culture, communications systems, and collaboration. Each industry requires a special set of skills. In this sector, both hard and soft skills are particularly important, and also being able to handle criticism while being fair can help you thrive. Some of the abilities required for an MBA in Family Business Management include:
Business and Management Interest
Check Other MBA Courses:
MBA in Family Business Management Subject/Syllabus
An MBA in Family Business Management includes a distinct academic curriculum depending on the school. In the below table we have discussed the syllabus of the MBA in Family Business Management and Entrepreneurship offered by CMS Business School.
Computer Applications for Business
Indian Financial System and Financial Markets
Legal and Business Environment
Finance for Managers
Indian Economy and Policy
Human Resources Management
Entrepreneurship Theory & Practice
Business Statistics and Analytics for Decision Making
Financial Reporting, Statements and Analysis
Launching and Managing an Enterprise
Project Formulation and Feasibility Analysis
Indian Ethos and Business Ethics
Management Skills for Effectiveness
Corporate Social Responsibility and Sustainability
Family Business Management
Opportunity Sensing and Preparing for Launch
Growth Plan Formulation
Managing Innovation and Technology
Strategic Leadership in Family Business
Business Plan and Project Implementation
Identifying, Starting and Growing a Social Venture
Buying an Existing Business
Developing the Project Report
SIP and Research
New Enterprise Financing & Appraisal
Technology Commercialization & Entrepreneurial Innovation
Browse Top MBA Colleges Accepting CAT Score: Location-Wise
MBA in Family Business Management Fees Structure
The college administration determines the majority of the MBA in Family Business Management tuition. The cost of an MBA in Family Business Management varies per institution. At Indian institutes and universities, an MBA in Family Business Management costs between Rs. 30,000 to Rs. 10,00,000.
Scope of MBA in Family Business Management
In today's world, the MBA in Family Business Management programme is designed to meet the requirements of family-owned companies and entrepreneurs alike. It assists in the development of a person's entrepreneurial and managerial skills. The MBA in Family Business Management course has a much broader reach because people nowadays are increasingly eager to create their own business, venture or want to be entrepreneurs, or extend their family business because it provides a sense of individuality and professional satisfaction.
Individuals with a master's degree in family business management can pursue a Ph.D. degree in the very same subject. Students will be able to expand their knowledge even further as they pursue higher-paying employment.
Career Options after MBA in Family Business Management
Candidates who have completed the MBA in Family Businesses Management programme can join the startup sector, start a new business, or take over and develop their family business. MBA in Family Business Management graduates are qualified to work in both the public and private sectors. A master's degree in family business management can lead to many different job prospects.
Business Administrator: Business administrators and managers help businesses run smoothly and achieve their short- and long-term objectives. Other employees are also directed by these specialists, who communicate often on their progress and adherence to business laws.
Entrepreneur: An entrepreneur is a person who takes on the risk of beginning a new business enterprise. Entrepreneurship is the process of combining capital and labour to generate products or services for profitability.
Account Manager: An account manager is usually the business representative who has the most one-on-one contact with the client. This employee is in charge of the day-to-day chores of responding to customers' wants and complaints, as well as keeping track of their account activities.
Human Resource Manager: Human resources managers plan, organize, and manage an organization's administrative activities. They are in charge of recruitment, interviewing, and employing new employees, as well as consulting with top management on strategy development and acting as a bridge between management and workers.
List of Top Companies
Ernst & Young
Hindustan Unilever Ltd.
Benefits of studying MBA in Family Business Management
If you want to build your family business, pursuing an MBA will be a highly helpful experience. In an era of globalization, modernization, and commercialization, the MBA in Family Business Management course assists entrepreneurs in staying up to date with developments in competitiveness and management. This also aids them in adapting or finding solutions to keep their enterprises afloat in any difficult situation. Before starting up their own business, they could work in administration, manufacturing, or product development.
Expected salary after MBA in Family Business Management
The average income of a graduate with an MBA in Family Business Management is impacted by a number of factors, including business rules, the individual's talents, competence, and accomplishment. Because of the huge expansion of the management sectors, graduates of this course have a better chance of landing a job. An MBA in Family Business Management can earn between Rs. 8 to Rs. 20 lakhs per annum.
Level of Experience
Average Salary (per annum)
0 - 1 year
1 - 3 years
Above 5 years
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 in Family Business Management programmes in India.
Browse Popular MBA Colleges By Cities
List of Top MBA colleges in India offering Family Business Management specialisation
Several Indian management institutions offer MBA programmes in family business management. Prior academic performance and admission test scores are used to determine acceptance. The table below lists some of the best MBA in Family Business Management schools in India.
Fee Structure (Entire Course)
Top Private MBA in Family Business Management colleges in India
A number of private academic institutions across the country offer an MBA in Family Business Management. Admission is based on academic performance and admission test scores. Below is a list of some of India's best private MBA in Family Business Management programmes.
Fee Structure (Entire Course)
School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai
HITS Chennai - Hindustan Institute of Technology and Science
Nirma University, Ahmedabad
NMIMS Mumbai - Narsee Monjee Institute of Management Studies
SIBM Bangalore - Symbiosis Institute of Business Management
Sharda University, Greater Noida
Jain University, Bangalore
Centre for Management Studies and Research, Ganpat University, Mehsana
Mody University - Mody University of Science and Technology
Top Government MBA in Family Business Management colleges in India
An MBA in Family Business Management is offered by India's government higher education institutions, which are among the world's top. Here we have mentioned one of the best government universities that provide an MBA in Family Business Management.
Fee Structure (Entire Course)
MBA in Family Business Management colleges in India Colleges in the Popular States
The MBA in Family Business Management is available at a number of colleges. The cost depends on the location and nature of the college. A few MBA in Family Business Management programmes in India's top states are listed in the table below.
Browse Popular MBA Colleges By States
Frequently Asked Question (FAQs) - MBA in Family Business Management Course, Subjects, Exams, Admission, Colleges, Fees, Career
Question: What is MBA Family Business Management?
MBA Family Business Management prepares students to comprehend competition dynamics and to become familiar with organisational transformation as a result of globalisation, restructuring, and modernization.
Question: What is a family-owned business called?
A family-owned corporation, as the name implies, is a company managed mostly or exclusively by family members.
Question: What is the tuition fee of the MBA in Family Business Management course?
MBA in Family Business Management costs on average between Rs. 30,000 and Rs. 15,00,000, depending on the school.
Question: What is the eligibility criteria for an MBA in Family Business Management?
A bachelor's degree in any specialisation from a recognised university is required for an MBA in Family Business Management.
Question: What is the duration of the MBA in Family Business Management course?
The MBA in Family Business Management is a two-year post-graduate degree programme that focuses on family business management.
Question: What are the skills required for an MBA in Family Business Management?
Strategic mindset, Time Management, Communication Skills, Leadership Skills, Decision-making Skills, Business and Management interests, Critical Thinking, Analytical Skills, Decision-Making are some of the skills required for an MBA in Family Business Management.
Question: Which colleges offer MBA in Family Business Management courses in India?
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 Institute of Management Studies, SIBM Bangalore - Symbiosis Institute of Business Management, Sharda University, Greater Noida, Jain University, Bangalore, Centre for Management Studies and Research, Ganpat University, Mehsana, Mody University - Mody University of Science and Technology.
Question: What are the career options after an MBA in Family Business Management?
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.
Question: What are the best firms to work for if you have an MBA in Family Business Management?
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.
Question: Is it possible to pursue a Ph.D. after completing an MBA in Family Business Management?
Students who have completed an MBA in Family Business Management degree can apply for a Ph.D. in Family Business Management programme.
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