To be eligible for admission to MBA in Family Business, candidates must hold a recognized bachelor's degree in fields like BBA, B.Com., B.Tech., or B.Sc. with a minimum aggregate score of 50%. Prospective students who possess strong communication skills and a genuine passion for managing family businesses can pursue this course. Admission can be secured by successfully clearing a recognized entrance examination such as CAT, NMAT, MAT, GMAT, XAT, and others.
The average annual course fee for MBA in Family Business Management typically ranges from INR 1,00,000 to INR 15,00,000. Upon graduation, individuals completing this program can expect attractive initial salary packages ranging from INR 12,00,000 to INR 16,00,000 at prominent multinational corporations.Exam Name | Exam Details |
CAT | Check Here |
MAT | Check Here |
SNAP | Check Here |
IIFT | Check Here |
IBSAT | Check Here |
CMAT | Check Here |
MAH CET | Check Here |
NMAT | Check Here |
ATMA | Check Here |
XAT | Check Here |
TISSNET | Check Here |
TANCET | Check Here |
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Course Level | Post graduation |
Full-Form | Masters of business administration in Family Business Management |
Duration | 2 years |
Examination type | Semester Examination |
Eligibility | Graduation degree of BBA, Bcom, Btech and BSc from a recognized university |
Admission Process | Entrance Examination + Counseling |
Course Fee | INR 1,00,000 to INR 15,00,000/- |
Average Salary | INR 12,00,000 to INR 16,00,000/- |
Job Positions | Entrepreneur, Business Administrator, Accounts Manager, Assistant Manager, etc. |
College Name | Location | Average Fees | Average Salary Package |
Sona School of Management | Salem | INR 41,000 | 5 LPA |
Sandip Institute of Technology and Research | Nashik | INR 150,00 | 3.5 LPA |
Galgotia University of Business | Greater Noida | INR 159,000 | 6 LPA |
Royal Global University | Guwahati | INR 247,000 | 5.2 LPA |
Dr. DY Patil Institute of Management and Research | Pune | INR 130,000 | 8 LPA |
Amity University | Mumbai | INR 515,000 | 6.8 LPA |
Shri RamSwaroop Memorial Institute | Lucknow | INR 132,000 | 6 LPA |
Parul University | Vadodara | INR 90,000 | 4.8 LPA |
University of Technology | Jaipur | INR 90,000 | 3.8 LPA |
Institute of Business Management and Research | Pune | INR 80,000 | 5.2 LPA |
Semester I |
Semester II |
Family Business Management | Innovation and Creativity |
Dynamics of family business governance | Social Entrepreneurship |
Business Plan Preparation | Technology innovation and sustainable enterprise |
Small Business Promotion | Business Plan and Ethics |
Entrepreneurial Finance | Mergers and Acquisitions |
Semester III |
Semester IV |
Sickness and turnaround strategies | Organizational Behavior |
Business Regulations | Managing Human Resource |
Corporate Governance and Social Responsibility | Finance Management |
Finance and tax strategies for family business | New Product Development |
Cost and Management Accounting | Enterprise Resource Building |
Name of the Book | Author |
Take Charge of Your Family Business | S A Krishnan |
Business Organization and Management | Dr. Asthana, Dr. Sahal |
Business and Form of Organization | S. C. Gupta and V. K. Kapoor |
Macroeconomic Theory and Policy. | William H Branson |
Mathematical Statistics | J.E.Freund |
Name of Institute | Location | Admission Procedure | Average Fees |
SIBM | Bangalore | Entrance Examination | INR 6.95 Lacs |
Institute of Management, Nirma University (IMNU Ahmedabad) | Ahmedabad | Entrance Examination | INR 3.8 lacs |
Indian School of Business | Hyderabad | Entrance Examination | INR 20 lacs |
Indian Institute of Management | Bangalore | Entrance Examination | INR 2.8 lacs |
S. P. Jain Institute of Management and Research | Mumbai | Entrance Examination | INR 6.45 lacs |
Job Position | Job Description | Average Annual Salary in INR |
Entrepreneur | The entrepreneur formulates policies that directly benefit the firm, manages and supervises the daily operations of the firm, and plans the effective use of materials and human resources. | 10-18 LPA |
Business Administrator | Business administrators handle the operational, organizational, and managerial responsibilities of the company they work for. The business administrator is also known as the CEO, general manager, or operations manager. | 12-16 LPA |
Accounts Manager | He or she is responsible for managing a number of accounts pertaining to a company. They work to achieve high sales targets and oversee the work of account executives. | 6-8 LPA |
Relationship Manager | A relationship manager is responsible for the overall relationship of the company in terms of business and finance. | 4-6 LPA |
Management Consultant | A management consultant usually provides insights and guides in the process of managing business and taking it forward. | 5-8 LPA |