MBA Family Business Management: Course Fees, Admission, Colleges, Syllabus, Career

MBA Family Business Management Course Details- Highlights

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.

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.

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 in Marketing Management
• MBA Artificial Intelligence
• MBA Hospital and Health Care Management
• MBA in International Business
• MBA in Digital Marketing
• MBA Data Science
• MBA in Entrepreneurship
• MBA in Rural Management
• MBA Textile Management
• MBA in Sustainability Management

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.

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.

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.

Source: AmbitionBox

Top Recruiters

• Deloitte
• Airtel
• Amazon
• KPMG
• Induslnd Bank
• EY
• Wipro

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.

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.

• MBA in Family Business Management Colleges in New Delhi
• MBA in Family Business Management Colleges in Aalniya
• MBA in Family Business Management Colleges in Ahmedabad
• MBA in Family Business Management Colleges in Greater Noida

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.

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.