MBA in Family Managed Business : Eligibility, Entrance Exams, Admission 2025, Colleges, Jobs, and Salary
MBA in Family Managed Business (FMB) is a specialized 2-year postgraduate program that prepares students to manage, grow, and professionalize family-owned businesses. The program emphasizes strategic decision-making, succession planning, governance, and leadership in the context of family enterprises.
Candidates must hold a bachelor’s degree from a recognized university with a minimum of 50%. Admission is typically based on scores from exams like CAT, XAT, GMAT, or university-specific tests, along with group discussions and personal interviews.
Top colleges offering MBA in Family Managed Business include SPJIMR Mumbai (with FMB program), IIMs (executive family business management electives), and Symbiosis Institute of Business Management (SIBM), Pune.
The course fee ranges from INR 5,00,000 to INR 25,00,000 depending on the institute.
Graduates can take roles such as Family Business Consultant, CEO/Manager in family firms, Business Strategy Analyst, and Succession Planning Advisor.
The average salary ranges from INR 6–20 LPA depending on the size of the business and institute reputation.
MBA Family Managed Business Highlights
| Particulars | Details |
|---|---|
| Course Name | MBA in Family Managed Business |
| Level of Study | Postgraduation |
| Duration | 2 Years (Full-Time) |
| Eligibility Criteria | Bachelor’s degree with minimum 50% marks |
| Entrance Exams | CAT, XAT, GMAT, MAT, CMAT, institute-specific exams |
| Admission Process | Entrance-based / Merit-based with GD & PI |
| Course Fee | INR 5,00,000 – 25,00,000 |
| Colleges / Universities | SPJIMR Mumbai, IIMs (Executive/Family Business electives), SIBM Pune, Symbiosis University |
| Average Salary | INR 6 – 20 LPA |
| Job Roles | Family Business Consultant, CEO/Manager, Strategy Analyst, Succession Planning Advisor, Business Development Manager |
Why Pursue MBA in Family Managed Business?
- Career Growth: Prepares you to professionally manage and expand family-owned businesses.
- Strategic Skills: Learn governance, succession planning, and family business strategy.
- Networking: Opportunity to interact with other family business owners and consultants.
- Entrepreneurial Advantage: Gain skills to grow business, enter new markets, or professionalize operations.
- Impactful Roles: Lead strategic initiatives and succession planning within family businesses.
Eligibility Criteria
- Educational Qualification: Bachelor’s degree in any discipline from a recognized university.
- Minimum Marks: 50% or above (relaxation for reserved categories).
- Entrance Exams: CAT, XAT, GMAT, MAT, CMAT, or institute-specific exams.
- Work Experience: Optional; preferred for executive or family business programs.
Top Colleges for MBA in Family Managed Business and Fees
| College | Total Course Fee | Accepted Entrance Exams |
|---|---|---|
| SP Jain Institute of Management & Research (FMB Program), Mumbai | INR 20,00,000 | CAT, XAT, GMAT |
| IIM Ahmedabad / Bangalore / Lucknow (Family Business Electives) | INR 20,00,000 – 25,00,000 | CAT, GMAT |
| SIBM Pune | INR 15,00,000 | SNAP |
| Symbiosis University, Pune | INR 12,00,000 | CAT, MAT, XAT |
MBA FMB Syllabus
The curriculum integrates core business subjects with family business-specific topics:
| Semester 1 | Semester 2 |
|---|---|
| Principles of Management | Family Business Governance |
| Managerial Economics | Succession Planning & Leadership |
| Accounting & Finance for Managers | Strategy & Business Development |
| Business Communication | Conflict Management & Family Dynamics |
| Marketing Management | Corporate Social Responsibility (CSR) in Family Business |
| Quantitative Techniques | Project Work / Internship |
MBA FMB Jobs & Salary
Graduates can lead or consult for family businesses, manage succession plans, or take strategic roles. Sample roles:
| Job Title | Top Recruiters | Experience Level | Average Salary (per annum) |
|---|---|---|---|
| Family Business Manager | Top family enterprises across industries | 2–6 years | INR 8–20 LPA |
| Business Strategy Consultant | Deloitte, PwC, KPMG | 2–5 years | INR 7–15 LPA |
| Succession Planning Advisor | Independent consultancy / family firms | 3–7 years | INR 8–18 LPA |
FAQs
Yes, it equips graduates with skills to professionally manage, grow, and transition family businesses successfully.
Yes, students can pursue it to work as consultants or gain insights into managing family-owned enterprises.
INR 6–12 LPA for entry-level managerial roles, depending on business size and institute reputation.
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