MBA in Family Business: Course, CAT 2024, Admission 2025, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope
Pallavi Priyadarshini PandaContent Writer
MBA in Family Business is a 2-year specialized PG course designed for individuals who aspire to lead and manage family-owned businesses. MBA in Family Business Course focuses on addressing the unique challenges and opportunities that family businesses face, such as succession planning, governance, and maintaining family values within the business. In MBA in Family Business, students are equipped with advanced management skills, entrepreneurial strategies, and a deep understanding of the dynamics of family enterprises. Graduates are prepared to effectively navigate the complexities of running a family business, ensuring its growth and sustainability across generations.
To be eligible for an MBA in Family Business, candidates must make sure to have passed Class 12 in any stream (Arts, Commerce, or Science) with 50% aggregate marks. Admission to MBA in Family Business is based on MAT, CAT, XAT, CMAT, ATMA, MAH CET, etc. The popular colleges that offer MBA in Family Business are JMI, Parul University, Delhi School of Business, etc. The average MBA in Family Business fees range between INR 60,000 and INR 10.3 Lakh.
After graduating with an MBA in Family Business Management, candidates can opt for job profiles such as Family Business Managers/Directors, Succession Planning Consultants, Family Office Managers, Business Development Managers, etc. The average salary for a graduate with an MBA in Family Business Management salary ranges between INR 7 LPA and INR 28.3 LPA.
MBA in Family Business Latest Update:
- ATMA 2025 Feb session registrations are ongoing for admission to MBA/MMS/PGDM courses, and the last date to apply has been extended to Feb 11, 2025. Also, the ATMA 2025 Feb session exam date is rescheduled to Feb 23, 2025.
- The CUET PG registration process 2025 is open for admission to PG courses, and the last date to register is Feb 1, 2025. Further, the CUET PG 2025 exam will be scheduled between Mar 13, 2025 and Mar 31, 2025.
- The MAT 2025 registration process for the Feb session is open for PBT and CBT; the last date to apply is Mar 2 and Mar 9, 2025, respectively. Further, MAT 2025 PBT and CBT will be scheduled on Mar 9 and Mar 23, 2025, respectively.
- The MAH MBA CET 2025 registrations are open for admission to MBA/PGDM and MMS courses, and the last date to apply has been extended to Jan 31, 2025. The MAH MBA CET 2025 exam date is Apr 1, 2, and 3, 2025.
- The TANCET 2025 registrations are open for admission to MBA courses, and the last date to apply is Feb 21, 2025. The TANCET 2025 exam date is Mar 22, 2025.
- MBA in Family Business Details: Highlights
- MBA in Family Business Eligibility Criteria
- MBA in Family Business Admission 2024
- MBA in Family Business Entrance Exams 2024
- MBA in Family Business Syllabus
- Best Colleges for MBA in Family Business
- 6.1 Top Government Colleges for MBA in Family Business
- 6.2 Top Private Colleges for MBA in Family Business
- MBA in Family Business Career Scope: Job Profiles, Salary and Top Recruiters
- 7.1 MBA in Family Business Salary
- MBA in Family Business Top Recruiters
- MBA in Family Business FAQs
MBA in Family Business Details: Highlights
An MBA in Entrepreneurship and Family Business typically includes a blend of core business courses along with specialized topics tailored to the unique dynamics and challenges of managing and sustaining a family-owned enterprise.
Candidates can check the table below to see the key points of the MBA Entrepreneurship and Family Business below:
Particulars | MBA in Family Business Course Details |
---|---|
MBA in Family Business Course Level | PG |
MBA in Family Business Course Duration | 2 Year |
MBA in Family Business Course Fees | INR 60,000 - INR 10.3 Lakh |
MBA in Family Business Admission Criteria | Entrance-Based |
MBA in Family Business Eligibility Criteria | Bachelor's degree with 50% |
MBA in Family Business Entrance Exams | MAT, CAT, XAT, CMAT, ATMA, MAH CET, etc. |
MBA in Family Business Jobs | Family Business Managers/Directors, Succession Planning Consultants, Family Office Managers, Business Development Managers, etc. |
MBA in Family Business Salary | INR 7 LPA - INR 28.3 LPA |
MBA in Family Business Top Recruiters | Infosys, Hindustan Unilever Ltd., IndusInd Bank, HDFC Bank, etc. |
Note: This information is sourced from the official website and may vary.
Recommended Read for MBA in Family Business:
Q: How is this course MBA in family business and entrepreneurship?
Q: can you provide some information about MBA in family business?
Innovative 12-month, tri-city Postgraduate programme designed to equip incumbents of family businesses with the knowledge, skills and attitude required to tackle challenges that are unique to family managed businesses. Global intelligence is a unique outcome of the Global FMB programme as participants are given opportunities to study at our campuses in Dubai, Mumbai and Singapore, and as a result, develop the skills needed to take their business global.
Q: Why should I study an MBA in Family Business?
- Understanding Unique Dynamics: Family businesses have distinct characteristics and challenges compared to non-family businesses, including issues related to governance, succession planning, family dynamics, and long-term sustainability.
- Direct Application: The knowledge gained from an MBA in Family Business can be immediately applied to real-world scenarios within family-owned enterprises.
- Leadership Development: The programme often focuses on developing leadership skills specific to family business contexts, such as conflict resolution, effective communication within family structures, and fostering collaboration among family members.
- Entrepreneurial Ventures: The programme may inspire and empower graduates to pursue entrepreneurial ventures within the family business context or to launch their own family-owned enterprises, leveraging the skills and insights gained during their studies.
Suggested Reading for MBA in Family Business Management:
MBA in Family Business Eligibility Criteria
The MBA Entrepreneurship and Family Business eligibility criteria may vary depending on the specific requirements of each university or business school offering the program.
However, here are some common eligibility criteria for an MBA in Entrepreneurship and Family Business that one might need to fulfill:
- For admission to the MBA Entrepreneurship and Family Business, candidates need to hold a bachelor's degree from an accredited university, which can be in any pertinent field like BBA, BA, BSc, BCom, or BCA, with a minimum average grade of 50 percent.
- Applicants must have performed satisfactorily on the designated entrance exams and fulfilled all other prerequisites.
- There are no age restrictions for enrollment in the MBA Entrepreneurship and Family Business.
- Although not obligatory, having prior work experience is strongly encouraged.
Note: This information is sourced from the official website and may vary.
Recommended Topics for MBA in Family Business:
Q: What is an MBA in Family Business Management course all about?
An MBA in Family Business Management is a specialized Master of Business Administration programme designed to equip individuals with the skills and knowledge necessary to effectively manage and lead family-owned businesses.
Family businesses have unique dynamics and challenges compared to other types of enterprises, often involving complex interplay between family relationships, ownership structures, and business operations.
Q: Is pursuing an MBA in Family Business Management worth it?
Yes, an MBA in Family Business Management is worth it if you intend to work within your family business or aspire to take on leadership roles within it, an MBA in Family Business can provide valuable knowledge and skills tailored to the unique challenges of managing such enterprises.
If you're already involved in the family business, an MBA in Family Business Management can equip you with a broader set of management skills that can be applied to various aspects of business operations, potentially leading to improved performance and competitiveness.
Q: I am a B.Com graduate. Do I need to do an MBA in Family Business Management to expand my family business?
While pursuing an MBA in Family Business Management is not necessary for the upliftment of one’s family business endeavours, however, the course can help in numerous ways.
Whether you need to pursue an MBA in Family Business Management to expand your family's business depends on various factors, including your current skills, the specific needs of the business, and your long-term goals.
Here are some considerations to help you make an informed decision:
- Understanding Family Dynamics: Family businesses often have complex dynamics that can affect decision-making, succession planning, and overall business strategy.
- Succession Planning: Succession planning is a critical aspect of family business management, ensuring a smooth transition of leadership and ownership from one generation to the next.
- Enhancing Leadership Skills: Effective leadership is essential for the success of any business, and family-owned enterprises are no exception.
- Access to Resources and Expertise: Many MBA programs have faculty members with expertise in family business management, as well as resources such as research centres, case studies, and industry partnerships focused on family-owned enterprises.
MBA in Family Business Admission 2024
- Step-1 Choose the program: First research and choose the program then look for universities or colleges that offer MBA in Family Business programs. Don't forget to Review the curriculum, specializations, faculty, and facilities after that check academic qualifications, entrance exam requirements, and any additional criteria.
- Step-2 Prepare Required Documents: Prepare all the documents beforehand so that no last-minute issues occur. The documents include academic mark sheets, certificates, Standardized Test Scores (CAT, MAT, XAT, etc), and letters of recommendation.
- Step-3 Fill out the Application Form and Pay the Fees: Complete the application form provided by the institution. This may be done online or on paper and pay any required application fees.
- Step-4 Entrance Exams (if applicable): If the program requires an entrance exam, such as a common MBA entrance test or a specific university's test, register and prepare for it. Take the exam and wait for the result.
- Step-5 Submit Application: Submit all required documents along with the completed application form. Always ensure that all documents have been received and verify the status of your application.
- Step-6 Interview (if applicable): Some programs require a personal or virtual interview Attend it and demonstrate your motivation, skills, and suitability for the program.
- Step-7 Await Admission Decision: Monitor the admission portal or your email for updates on the results. If accepted an official offer letter will be provided by the university.
- Step-8 Confirm Enrollment: Confirm your intention to enroll in the program and Pay the required enrollment or tuition Fees.
- Step-9 Prepare for the Start of Classes: Follow instructions for course registration and orientation. If needed, arrange for on-campus or off-campus housing and attend any orientation sessions to familiarize yourself with the campus and program.
- Step-10 Start Classes: Attend classes and start your academic journey.
Q: How important is work experience for admission to MBA in Family Business program?
While work experience is not always mandatory, it can significantly enhance your profile and chances of admission. It demonstrates your practical understanding of business operations and your commitment to the family business.
Q: Which is the best private MBA college in India without an entrance exam?
The table below shows the private best MBA colleges in India with no entrance exams along with their total tuition fees and their seat intake:
Private Colleges | Total Tuition Fee/Seats |
---|---|
INR 15 lakh - INR 59 lakh Seats: 920 | |
INR 24 Lakh Seats: 910 | |
NMIMS School of Business Management Admission | INR 13 lakh - INR 25 lakh Seats: 1,350 |
INR 15 lakh- INR 24 lakh Seats: 880 | |
INR 6 lakh - INR 21 lakh Seats: 120 | |
INR 4 lakh - INR 10 lakh | |
INR 8 lakh - INR 10 lakh Seats: 500 | |
VVISM Admission | INR 2 lakh - INR 11 lakh Seats: 840 |
Disclaimer: This information is sourced from the official website/ sanctioning body and may vary.
Q: What is the admission procedure for MBA at IPS Business School?
The admission procedure for MBA at IPS business school is as follows:
- Fill out the application form and upload the required documents online on the site of IPS business school.
- Than Pay the application fee of 550 INR.
- After that Appear for the entrance exam, if applicable.
The entrance exams for different courses are:
- CAT (Common Admission Test)
- MAT (Management Aptitude Test)
- XAT (Xavier Aptitude Test)
- CMAT (Common Management Admission Test)
- ATMA (Aspiring Minds Test for Management Admissions)
Than appear for an Interview. Wait for the admission decision and check the college website for the latest update.
Don't forget the required documents for the application that are follows:
- Class 10 and 12 marksheets
- Graduation marksheet (if applicable)
- CAT/MAT/XAT/CMAT/ATMA score (if applicable)
- Passport-size photographs
- Signature
- Aadhaar card copy or passport copy
MBA in Family Business Entrance Exams 2024
Specific entrance exams required for admission to an MBA in Family Business can vary depending on the university or business school offering the program.
However, some common MBA in Family Business entrance exams that may be required in general include:
Entrance Exams | Exam Dates | Exam Details |
---|---|---|
MAT | MAT 2024 CBT 1 - 7 Dec '24 MAT 2024 PBT - 14 Dec '24 MAT 2024 CBT 2 - 22 Dec '24 |
MAT Exam Schedule |
CAT | 24 Nov '24 | CAT Exam Schedule |
XAT | 5 Jan '25 | XAT Exam Schedule |
CMAT | May '25 (Tentative) | CMAT Exam Schedule |
ATMA | 22 Dec '24 |
ATMA Exam Schedule |
MAH CET | Jul '25 (Tentative) | MAH CET Exam Schedule |
Note: This information is sourced from the official website and may vary.
Relevant Links to MBA in Family Business:
Popular Integrated MBA Programmes in India
19 Dec ' 24 | CAT 2024 result announcement |
3 Dec ' 24 - 5 Dec ' 24 | CAT 2024 answer key challenge |
Mar '25 | MAH MBA CET 2025 TENTATIVE |
1 Apr ' 25 - 3 Apr ' 25 | MAH MBA CET 2024 exam |
24 Dec ' 24 - 2 Mar ' 25 | MAT 2024 Registration Process PBT (February) |
24 Dec ' 24 - 9 Mar ' 25 | MAT 2024 Registration Process CBT (February) |
31 Jan ' 25 - 2 Feb ' 25 | CMAT 2025 Answer Key Release and Challenge |
25 Jan ' 25 | CMAT 2025 exam date |
Important Exam Dates
Dates | Upcoming Exam Dates |
---|---|
02 Jan '25 - 01 Feb '25 | CUET PG 2025 Application Process |
31 Jan '25 - 02 Feb '25 | CMAT 2025 Answer Key Release and Challenge ONGOING |
24 Jan '25 - 21 Feb '25 | TANCET 2025 Registration ONGOING |
24 Dec '24 - 02 Mar '25 | MAT 2024 Registration Process PBT (February) ONGOING |
24 Dec '24 - 09 Mar '25 | MAT 2024 Registration Process CBT (February) ONGOING |
09 Mar '25 | MAT 2025 PBT (February) |
Mar '25 | MAH MBA CET 2025 TENTATIVE |
Dates | Past Exam Dates |
---|---|
13 Jan '25 - 17 Jan '25 | NMAT 2024 Exam Window (second phase) |
05 Jan '25 - 10 Jan '25 | NMAT 2024 Registration Window (second phase) |
21 Dec '24 | SNAP 2024 session 3 |
Q: How much percentile is a good score in CAT exam?
The CAT (Common Admission Test) is a highly competitive entrance exam for admission to various management programs offered by top business schools in India. The percentile score in CAT exam is based on the relative performance of the test taker compared to all the other test takers.
The cutoff percentile for admission to top business schools varies from year to year and also depends on factors such as the number of candidates, difficulty level of the exam, and the number of available seats. In general, a percentile score of 90 or above is considered a good score and can help you secure admission to some of the top business schools in India. However, to increase your chances of admission to the top-tier business schools, a percentile score of 95 or above is preferred.
Q: Can I do MBA without giving any entrance exam?
In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide.
If you are not planning to take the CAT in 2024, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.
- The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
- For the reserved category, the score should at least be 45% aggregate.
- Some institutes accept other competitive exam scores such as XAT, MAT, GMAT, NMAT, ATMA, SNAP, etc.
If you did not appear for the CAT exam and still wish to get admission to the best MBA colleges in India without CAT, then, here is a list of top MBA institutes that give admissions based on different entrance criteria or exams.
MBA Colleges/ Institutes | MBA Exam Score Accepted |
---|---|
SIBM, Pune | SNAP |
XLRI, Jamshedpur | XAT |
Xavier University, Bhubaneshwar | XAT, X-GMT |
Indian School of Business, Hyderabad | GMAT |
Amity University | XAT/GMAT/MAT/CAT/NMAT |
Q: In how many months can I prepare for XAT?
The ideal preparation time for the Xavier Aptitude Test exam is six to nine months with complete dedication. Some students take lesser time in completing the Xavier Aptitude Test preparation. However, students must make their own Xavier Aptitude Test exam preparation strategy according to their strengths and weaknesses.
XAT exam pattern:-
Exam Mode: Online Exam
Duration: 180 minutes
Sectional Time Limit:
- For Part 1: 170 minutes
- For Part 2: 10 minutes
XAT Syllabus: Decision Making, Verbal & Logical Ability, Quantitative Ability & Data Interpretation, General Knowledge, and Essay Writing. Question Paper Break Up
Part 1: Decision Making, Verbal & Logical Ability, And Quantitative Ability & Data Interpretation
Part 2: GK
Sectional Breakup:
- Decision Making: 21 Questions
- Verbal & Logical Ability: 26 Questions
- Quantitative Ability & Data Interpretation: 28 Questions
- General Knowledge: 20 Questions
Marking Scheme you will get 1 mark for every correct answer. 1/4th mark will be deducted for every incorrect answer. 0.10 marks will be deducted for more than 8 un-attempted questions No negative marking in the General Knowledge section.
Sectional Weightage:
- Decision Making: 21 marks
- Verbal & Logical Ability: 26 marks
- Quantitative Ability & Data Interpretation: 28 marks
- General Knowledge: 20 marks
Preparation Tips:
Know the exam pattern and the syllabus.
- Make a short note.
- Practice the Previous year's question paper.
- Attempt Mock tests.
- Revision is necessary
For more information, you may visit the Shiksha XAT exam page.
Q: Is XAT tougher than CAT?
XAT (Xavier Aptitude Test) and CAT (Common Admission Test) are both popular management entrance exams in India. Both exams are known for their high level of difficulty and are considered challenging to crack. In terms of difficulty, it is difficult to compare XAT and CAT as both exams have their own unique characteristics.
However, XAT is considered to be more challenging than CAT in certain aspects such as:
1) Exam Pattern: XAT has a more varied exam pattern as compared to CAT. XAT has an additional section of General Knowledge, Essay Writing, and decision-making which requires a different skill set as compared to CAT.
2)Time Management: XAT has a higher number of questions as compared to CAT. And the time allotted for the exam is also relatively less. This makes time management a critical aspect for XAT aspirants.
3) Verbal Ability: XAT has a stronger focus on Verbal Ability as compared to CAT. The Reading Comprehension passages in XAT are usually longer and more complex than CAT. Which makes it more challenging. However, it is important to note that the level of difficulty of these exams varies from year to year, and it ultimately depends on the individuals preparation and skill set.
MBA in Family Business Syllabus
As the MBA in Family Business Syllabus aims to be a one-stop shop for all things related to the development of students for a future of running a family business against the backdrop of an ever-changing environment, it contains quite a lot of material to study and master.
The table below elaborates on the MBA in Family Business Subjects:
MBA in Family Business Syllabus - Semester 1 | |
---|---|
Family Business Management | Business Plan Preparation |
Small Business Promotion | Entrepreneurial Finance |
MBA in Family Business Subjects - Semester 2 | |
Technology Innovation and Sustainable Enterprise |
Social Entrepreneurship |
Business Plan and Ethics | Innovation and Creativity, Mergers and Acquisitions |
MBA in Family Business Syllabus - Semester 3 | |
Business Regulations | Finance and Tax Strategies for Family Business |
Cost and Management Accounting | Sickness and Turnaround Strategies |
MBA in Family Business Subjects - Semester 4 | |
Managing Human Resource | Organizational Behaviour |
New Product Development | Enterprise Resource Building |
Quick Links Relevant to MBA in Family Business:
What are the Principles of Management? | Know the difference between PGDM and MBA |
How to Prepare for CAT 2024? | When is the best time to start CAT preparation in 2024? |
Popular Specializations
- Family Business
73 Colleges
- Entrepreneurship
42 Colleges
- Finance
40 Colleges
- Human Resources
40 Colleges
- Sales & Marketing
40 Colleges
- International Business
29 Colleges
- Operations
29 Colleges
- IT & Systems
26 Colleges
- Rural Management
21 Colleges
- Supply Chain
21 Colleges
Q: Which MBA specialisation is best for family business?
Choosing the best MBA specialisation for a family business depends on various factors such as the specific needs and challenges of the business, your personal career goals, and the resources available to you.
However, here are some MBA specializations that are particularly relevant and beneficial for managing Family Business:
· MBA in Marketing
· MBA in Finance
· MBA in International Business
· MBA in Banking & Financial Services
· MBA Business Analytics
· MBA Family Business
Best Colleges for MBA in Family Business
Several institutions in India offer MBA programs specializing in Family Business or Entrepreneurship. Candidates are advised to research each MBA in Family Business course thoroughly to determine which aligns best with their career goals, preferences, and requirements.
The country is filled with top-notch educational institutions which provide world-class education in MBA in Family Business. Below is a list of a few of those:
Top Government Colleges for MBA in Family Business
Several government institutions in India offer MBA in Family Business.
These institutions are renowned for their MBA in Family Business and have specific offerings or electives catering to the needs of individuals involved in family businesses.
Candidates can check the table below to see the top government colleges offering MBA in Family Business.
MBA in Family Business Colleges | MBA in Family Business Fees |
---|---|
Jamia Millia Islamia | 1.3 L |
Entrepreneurship Development Institute of India | 10.98 L |
Deen Dayal Upadhyaya Gorakhpur University | 60 K |
Check these MBA in Family Business Links out:
Top Private Colleges for MBA in Family Business
Several private colleges in India offer MBA in Family Business.
These private colleges are known for their quality management education and have programs tailored to address the needs of individuals associated with an MBA in Family Business.
Candidates can check the table below to see the top government colleges offering MBA in Family Business.
MBA in Family Business Colleges | MBA in Family Business Fees |
---|---|
Parul University | 3.84 L |
Delhi School of Business | 9.75 L |
Universal AI University | 10.83 L |
Quantum School of Business, Quantum University | 4.17 L |
Sanskriti University | 1.33 L |
School of Business, UPES | 15.72 L |
2 L | |
Institute of Management, Nirma University | 8.64 L |
DY Patil Akurdi MBA | 2.59 L |
Note: This information is sourced from the official website and may vary.
Indulge more with these MBA in Family Business Links:
Family Business Applications open. Apply Now
Q: Is it really worth doing MBA in India?
Hi, to determine the worth of joining an MBA college in India, you need to go through its Return o Investment (ROI). Listed below are some of the top MBA colleges in India along with their total tuition fees and average placement package:
College Names | Total Tuition Fees | Average Median package |
---|---|---|
DMS IIT Delhi MBA | INR 11 lakh | INR 24 LPA |
INR 25 lakh | INR 20 LPA - INR 32 LPA | |
INR 25 lakh | INR 33 LPA | |
IIM Kozhikode MBA | INR 18 lakh - INR 21 lakh | INR 25 LPA - INR 27 LPA |
INR 13 lakh | INR 30 LPA |
Disclaimer: The above statistics are based on the latest data.
Hope this information proves beneficial for you!!
Q: What are the affordable MBA colleges in India?
It is estimated that pursuing an MBA course in India can be economical. Listed below are some of the affordable MBA colleges in india which are having fees of less than INR 1 lakh:
It is estimated that pursuing an MBA course in India can be economical. Listed below are some of the affordable colleges which are having fees of less than INR 1 lakh:
Low-cost MBA Colleges | Total Tuition Fee |
---|---|
JMI Fees | INR 39,000 - INR 58,000 |
Welingkar Mumbai Fees | INR 34,000 |
BHU Fees | INR 10,000 - INR 99,000 |
AMU Fees | INR 30,000 |
Galgotias University Fees | INR 90,000 |
BBAU Lucknow Fees | INR 20,000 |
Q: Which is the No. 1 MBA college in India?
IIM Ahmedabad emerged to be as the No. 1 MBA college in India followed by IIM Bangalore and IIM Kozhikode. Listed below are the various colleges along with their NIRF ranking over the past three years, i.e. from 2022 to 2024:
Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.
Hope this information proves beneficial for you!!
Q: Which is the best IIM in terms of placements in India?
Hi, IIM Bangalore offered the highest placement package ranging between INR 32 LPA. Prominent recruiters include BCG, Brain, HUL, ITC, TATA, Airtel, Amazon, Uber, etc.
The following is a list of the top recruiters and average placement packages of top MBA colleges in India:
College Name | Average Median package | Top Recruiters |
---|---|---|
IIM Bangalore Placements | INR 32 LPA | BCG, Brain, HUL, ITC, TATA, Airtel, Amazon, Uber, etc. |
DMS IIT Delhi Placements | INR 24 LPA | McKinsey, BCG, Brain & Co, Deloitte, KPMG, PwC, E&Y, Infosys, etc. |
IIM Ahmedabad Placements | INR 20 LPA - INR 32 LPA | Boston Consultancy Group, Axis Bank, Larson and Toubro, Deloitte, etc. |
IIM Lucknow Placements | INR 30 LPA | Deloitte, Accenture, BCG, McK, AT Kearney, Brain, etc. |
Hope this information proves beneficial for you!!
Popular Private MBA in Family Business Colleges in India
Family Business Applications open. Apply Now
Family Business Applications open. Apply Now
MBA in Family Business Career Scope: Job Profiles, Salary and Top Recruiters
An MBA in Family Business can offer unique insights and skills tailored to the specific challenges and dynamics of managing and growing a family-owned enterprise. In India, where family businesses contribute significantly to the economy, pursuing an MBA in Family Business can be particularly advantageous.
Overall, the MBA in Family Business career scope for individuals in India is promising, given the country's rich landscape of family-owned enterprises and the increasing recognition of the importance of professional management and strategic planning in such businesses.
Relevant Links for MBA in Family Business Courses:
MBA in Family Business Salary
The multi-faceted approach of the MBA in Family Business leaves the door open for a job seeker to settle well across industries and positions. There are also those of course, who get into their family business or start a new one from scratch.
Below are some of the MBA in Family Business job positions and responsibilities available, along with the pay package for them:
Job Profiles |
Description |
Average Salary |
---|---|---|
Entrepreneur |
Firm’s policy formation, management, and supervision of daily operations, all finance oversight, etc. |
INR 21.6 LPA |
Business Development Managers |
Business Development Managers are professionals responsible for identifying new business opportunities, building and nurturing relationships with potential clients or partners, and creating strategies to drive growth and profitability for their organization. |
INR 7.5 LPA |
Family Office Managers |
Family Office Managers are professionals responsible for overseeing the comprehensive financial affairs and services of high-net-worth families or individuals. | INR 16 LPA |
Family Business Directors |
Family Business Directors are individuals who hold positions of leadership and responsibility within a family-owned or family-controlled company. |
INR 25.2 LPA |
Succession Planning Consultants |
Succession planning consultants are professionals who specialize in assisting organizations, particularly family-owned businesses, in developing and implementing strategies for the smooth transition of leadership and ownership from one generation to the next. |
INR 6.8 LPA |
Note: The salary data has been obtained from Ambitionbox.com.
Suggested Reading for MBA in Family Business:
Detailed MBA courses, subjects and syllabus
Top 80 Group Discussion Topics for MBA 2024
MBA in Family Business Top Recruiters
Recruiters for MBA graduates specializing in Family Business Management can vary depending on the specific program, location, and industry focus. It's important for MBA students interested in Family Business Management to network, participate in relevant internships, and engage with industry associations and events to increase their visibility and access to potential recruiters in this field.
Here is a list of a few MBA in Family Business Top Recruiters:
Top MBA in Family Business Recruiters |
|
---|---|
Infosys |
Hindustan Unilever Ltd. |
IndusInd Bank |
HDFC Bank |
KPMG |
Amazon |
Flipkart |
Whirlpool |
Vodafone |
Nokia |
Q: What is the salary of an MBA in Family Business graduate?
The salary of an MBA graduate specializing in Family Business in India can vary widely depending on several factors such as the individual's level of experience, the reputation of the business school from which they graduated, the size and profitability of the family business, the industry in which the business operates, and the geographic location.
However, here's a general overview of the salary range based on different experience levels:
· Entry-Level: INR 5 - 10 LPA
· Mid-Level: INR 10 - 20 LPA
· Senor-Level: INR 20 - 50 LPA
Q: Who are the top recruiters of MBA in Family Business graduates?
Here is a list of a few companies that hire MBA in Family Business Management graduates:
Top Companies Hiring MBA in Family Business Graduates | |
---|---|
Infosys | Hindustan Unilever Ltd. |
IndusInd Bank | HDFC Bank |
KPMG | Amazon |
Flipkart | Whirlpool |
Vodafone | Nokia |
MBA in Family Business FAQs
Candidates can refer below for MBA in Family Business FAQs.
Q: Which is a good state in India for pursuing an MBA?
Hi, Maharashtra has the highest number of MBA colleges in India, i.e., 749 followed by Uttar Pradesh, Delhi NCR, Andhra Pradesh, etc. The table below shows the state-wise distribution of top MBA colleges in India along with their number and names of colleges:
States | Number/Names of Colleges |
---|---|
Maharashtra | 749 (NMIMS Mumbai, Symbiosis Institute of Business Management, IIM Mumbai, etc.) |
Uttar Pradesh | 590 (IIM Lucknow, Amity University Noida, IMT Ghaziabad, etc.) |
Delhi/NCR | 526 (DMS IIT Delhi, IIM Rohtak, MDI Gurgaon, etc.) |
Andhra Pradesh | 502 (IIM Visakhapatnam, KL Business School, RVR and JC College of Engineering, etc.) |
Hope this information proves beneficial for you!!
Q: What is the admission procedure in the top MBA colleges in India?
The prerequisites for MBA programs might vary from one campus to the next. The following, however, is the basic MBA eligibility requirement:
- As a baseline requirement for admission to the MBA (full-time) program, candidates must have earned their bachelor's degree in any discipline or its equivalent from an accredited university.
- The majority of institutions adhere to the graduation minimum score requirement of 50% overall or an equivalent CGPA. The required minimum score for students in the reserved category is 45% overall, or an equivalent CGPA.
- Candidates for graduation who are in their final year may also apply for an MBA if they can offer documentation that their degree was earned within the institute-specified time frame.
Q: Is the CAT syllabus difficult?
Yes, the difficulty level of CAT syllabus is very high as compared to other MBA entrance exams. However, if you prepare well and follow the CAT exam pattern well, you will be able to score well. Besides having an understanding of the CAT syllabus 2025, candidates also need to be well aware of the CAT exam pattern before they start preparing for the exam. The CAT exam pattern was revised in 2021 and the number of questions were reduced from 76 to 66. The structure of CAT 2023 and CAT 2024 was the same. The syllabus is still tougher than other exams.
The most important things to keep in mind are:
- CAT exam mode is online
- Each question carries three marks
- There is negative marking of minus one mark for wrong attempts
The section-wise distribution of questions and difficulty levels as per the latest CAT exam pattern are listed below:
- Quantitative Ability (QA) - 24 questions, difficulty level - moderate to high
- Data Interpretation and Logical Reasoning (DILR) - 20 questions, difficulty level - moderate
- Verbal Ability and Reading Comprehension (VARC) - 22 questions, difficulty level - moderate. to high
Q: How many MBA colleges are there in India?
There are 5,900+ best MBA Colleges in India. Of these, 3,915 colleges are privately owned, 540 colleges are owned by public/government organisations, and public-private entities own 84 colleges. CAT, MAT, and CMAT are some of the most accepted entrance exams in top MBA colleges in India. IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, XLRI Jamshedpur, IIM Lucknow, DMS IIT Delhi, IIM Kozhikode, SIBM Pune ITM Business School Navi Mumbai, VVISM, and many others are some of the top MBA colleges in India. According to NIRF 2024, IIM Ahmedabad emerged to be on the No. 1 position followed by IIM Bangalore and IIM Kozhikode.
Q: What are the various courses offered in best MBA colleges in India?
The table below shows the top MBA colleges in India along with their various courses offered and its total tuition fees:
College Names | Courses Offered | Total Tuition Fee |
---|---|---|
XLRI Ahmedabad | Master of Business Administration, MBA in Food and Agri-Business Management, etc. | INR 25 lakh |
IIM Bangalore | MBA in Business Analytics | INR 25 lakh |
XLRI Jamshedpur | PGDM in Human Resource Management, PGDM1 in Business Management, PGDM in General Management, etc. | INR 15 Lacs - INR 59 lakh |
SIBM Pune | MBA3 in Innovation and Entrepreneurship | INR 24 lakh |
Q: Is doing an MBA in institutions other than an IIM worth it?
Hi, Doing an MBA at institutions other than the Indian Institutes of Management (IIMs) can still be very valuable. Many non-IIM institutions offer excellent MBA programs with strong faculty, career support, and networking opportunities. It's important to research and consider factors such as programme reputation, faculty expertise, alumni network, and specific career goals when evaluating the worth of an MBA program.
Listed below are the top MBA colleges in India other than IIMs along with their total tuition fee:
College Name | Total Tuition Fee |
---|---|
XLRI Xavier School of Management | INR 24 lakh- INR 30 lakh |
NMIMS Mumbai | INR 8 lakh - INR 24 lakh |
Symbiosis Institute of Business Management | INR 16 lakh - INR 22 lakh |
MDI Gurgaon | INR 18 lakh - INR 25 lakh |
Hope this information proves beneficial for you!!
Q: Is it expensive to study MBA in India?
Hi, It is estimated that pursuing an MBA in India is economical, with 1,716 colleges offering MBA courses with annual fees ranging from INR 1-2 lakh. The table below showcases the names of the top MBA schools in India along with their fee ranges.
Fee Range | College Name |
---|---|
< INR 1 lakh | XLRI Xavier School of Management, Jamia Millia Islamia, BHU, etc. |
INR 1-2 lakh | Jamia Millia Islamia, NIT Trichy, SOA University, VVISM Hyderabad, etc., |
INR 2-3 lakh | Guru Gobind Singh Indraprastha University, SOA University, IIT Kanpur, etc. |
INR 3-5 lakh | IIT Kharagpur, Amity University Noida, IIT Roorkee, etc. |
> INR 5 lakh | IIM Ahmedabad, IIM Bangalore, IIM Calcutta, etc. |
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News & Updates
Jan 31, 2025
Student Forum
Answered 18 hours ago
Yes, MBA is a flagship course offered at Atharva Institute of Management Studies. The college's ROI is good and also the placements are good. The college is visited by top companies for placements such as Amul Ltd, HDFC Bank, ICICI Bank, and others. MBA students can become Managers, Team Leaders, o
I
Contributor-Level 6
Answered 18 hours ago
Yes, Atharva Institute of Management Studies is a good college for MBA aspirants. MMS and MBA students are placed in top companies such as Wipro, ICICI Bank, ITC Limited, and others. MMS and MBA students can become Managers, Team Leaders, or can join any relevant position in the corporate world. A
R
Contributor-Level 6
Answered Yesterday
The total fee structure of the MBA course at IIITM Gwalior includes multiple components, such as tuition fee, hostel fee, application fee and various other one-time charges. The total tuition fee ranges from INR 3 Lacs to INR 7.9 lakh. Additionally, the hostel fee for the course ranges between INR 1
A
Contributor-Level 8
Answered Yesterday
IIITM Gwalior MBA admission is entrance-based. In order to get admission, aspirants need to fulfil the minimum eligibility criteria and qualify the exam with a valid score. To get detailed information related to IIIT Gwalior MBA refer to the table below:
Course Name | Eligibility & Selection Criteria | Total Fee |
---|---|---|
MBA | Eligibility: Graduate in any discipline with 75% a recognised university Selection Criteria: CAT + GD + PI | INR 3 Lacs to INR 7.9 lakh |
NOTE: The mentioned fee is taken from the offi
T
Contributor-Level 8
Answered Yesterday
Yes, IIITM Gwalior does offer MBA courses for a duration of over two years and integrated BTech + MBA courses for a duration of five years. The eligibility criteria to get admission to MBA courses is candidates must complete their bachelor's degree with a minimum aggregate of 75%. Moreover, the sele
A
Contributor-Level 8
Answered Yesterday
In fact, the number of Indian institutions that take up CUET-PG for their MBA admission has been rising. Till date, almost 152 MBA colleges take up admissions through the scores of CUET-PG taken both from government as well as private colleges. Below is the list of top colleges which would be taking
S
Contributor-Level 10
Answered Yesterday
Yes, *St. Xavier's University, Kolkata* offers elective subjects in the ambit of its *MBA* course. Students have to offer Elective papers in Semester III and Semester IV as part of their course. Each student has to offer four numbers of elective papers in both Semester III and Semester IV.
Specializ
S
Contributor-Level 10
Answered Yesterday
The *Institute of Engineering and Technology (IET), Lucknow*, under the umbrella of its postgraduate *Master of Business Administration (MBA)* course, accepts candidates based on a single window constituted in the form of the *Common University Entrance Test - Postgraduate (CUET-PG)*. Selection Proc
S
Contributor-Level 10
Answered Yesterday
*Marist College* vs. *Elon University* for an *MBA*: The decision will depend on your career objectives, learning approach, and flexibility required. Here are some significant reasons why Marist may suit you better:
1. Online Flexibility & Convenience
Marist College offers a 100% online MBA programme
S
Contributor-Level 10
Answered Yesterday
Yes sure you can, Even after post-graduation people pursue MBA or even after medical
D
Beginner-Level 1
Answered Yesterday
Shantiniketan Business School this B-School offers courses at both the undergraduate and postgraduate level MBA/PGDM with the intent of creating future managers in the field of management in diverse fields. Shantiniketan Business School provides greater opportunity in MBA/PGDM Therefore branch and s
Y
Beginner-Level 5
Answered Yesterday
The application deadlines for the full-time programme at NUS are as follows:
Round 1: 30 October 2024
Round 2: 15 January 2025 (apply by this round to be considered for scholarships)
Round 3: 02 April 2025
M
Contributor-Level 10
Answered Yesterday
The minimum application requirements for the NUS MBA are as follows:
- A recognised bachelor's degree
- Minimum 2 years of post-bachelor full-time work experience
- English proficiency test scores (TOEFL/IELTS)
- Good GMAT/GMAT Focus/GRE score
M
Contributor-Level 10
Answered Yesterday
Yes, the National University of Singapore offers MBAs in both full-time and part-time formats. The full-time programme is 12 months long and the duration of the part-time MBA programme is 24 or 30 months. Classes for the part-time MBA are held at the NUS Kent Ridge campus same as full-time MBA. Stud
M
Contributor-Level 10
Answered Yesterday
Amrita Vishwa Vidyapeetham Amaravati offers good placements annually for its MBA course. The key highlights of Amrita Vishwa Vidyapeetham Amaravati placements for the MBA Class of 2024 are tabulated below:
Particulars | Placement Statistics (2024) |
---|---|
the highest package | INR 24.84 LPA |
Average package | INR 8.50 LPA |
Total companies | 120+ |
Placement rate | 98% |
Answered Yesterday
The average payscale for MBA graduates from NUS is USD 77,109 (Around INR 65 L). According to NUS placements in 2022, the NUS MBA placements rate is 93% within 3 months of graduation. Some of the top recruiters at NUS Singapore were Amazon, Boston Consulting Group, Deloitte, EY, JP Morgan, Google, K
M
Contributor-Level 10
Answered Yesterday
The admission timeline for the MBA programme at Chandigarh University, Unnao, is as follows: The
admissions process has already commenced, and the academic session for the new intake is scheduled to
begin in July 2025. As CUCET (Chandigarh University Common Entrance Test) is mandatory for MBA
admission
A
Contributor-Level 6
Answered Yesterday
NUS MBA is globally ranked #25 by the QS Global MBA Rankings for 2025 and maintained its first position in Asia. According to Financial Times Global MBA Rankings 2024 the programme ranked #27 in the world and #3 in Asia. The NUS Business school has consistently ranked first in Asia by independent pu
M
Contributor-Level 10
Answered Yesterday
It is imperative to note that admission to the MBA programme at Chandigarh University, Uttar Pradesh is contingent upon successfully completing the CUCET exam. The exam serves as a mandatory qualification for all applicants. The admission cycle for the upcoming session, set to commence in July 2025,
G
Beginner-Level 2
Answered Yesterday
The overall seat intake of MBA courses at Rathinam Technical Campus is 120. Candidates having a UG degree are eligible to apply for admission. Further, candidates are required to have a valid TANCET score to grab the final seat. After the fulfillment of the eligibility criteria, candidates have to v
Answered Yesterday
Yes, Rathinam Technical Campus offers an MBA course for two years. The college offers admission to MBA entirely entrance-based. To be eligible for admission, candidates are required to apply and appear for TANCET exam, followed by counselling. To fill out the application form candidates are required
Answered Yesterday
L
Contributor-Level 8
Answered Yesterday
International students must meet the University of Bologna requirements to study MBA course. Mentioned below are the general entry requirements for applicants at the university:
- Complete a bachelor's degree in a relevant discipline from a recognised institute
- Must meet the English language requirement
P
Contributor-Level 6
Answered 11 hours ago
The selection process for an MBA at Chandigarh University, UP, is designed to identify qualified candidates with the right academic background and aptitude for higher studies in business. To be eligible for admission, you must possess a Bachelor's degree in any discipline with a minimum of 50% marks
B
Contributor-Level 7
Answered Yesterday
International students can pursue an MBA degree at a low cost at the University of Bologna. The first-year MBA fees is around INR 3 L for students and duration of the programme is 2 years. The university also ranks high for PG business courses by Times Higher Education in 2024. Therefore, it's a goo
S
Contributor-Level 6
Answered Yesterday
Before beginning the registration process for your MBA programme at Chandigarh University, UP, it's important to ensure all necessary documents are prepared and ready for submission. Having everything organized will save you time and effort. First, be sure to have your Bachelor's degree readily avai
U
Beginner-Level 2
Answered Yesterday
Yes, candidates must achieve a good score in APICET to be admitted to MBA courses at JNTUK Kakinada. Which is considered a competitive entrance exam. Additionally, the institute offers a confined number of seats among MBA specialisation, Hence, candidates with strong preparation and high ranks can g
I
Contributor-Level 8
Answered Yesterday
The authorities will prepare the JNTUK MBA merit list by checking the candidate's performance in the entrance exam. Through the total marks secured in the examination, the authorities will create the merit list to allot ranks during the admission process. Since the admissions will be done based on r
V
Contributor-Level 10
Answered Yesterday
The admission process for the MBA course at JNTUK Kakinada and Sri Venkateswara University is almost the same. Both of the university also offers MBA courses through its affiliated colleges. To get admission into any of the universities candidates are required to complete their bachelor's degree fi
I
Contributor-Level 8
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An MBA in Family Business Management is a specialised graduate degree programme designed to provide individuals with the knowledge, skills, and strategies needed to successfully manage and lead family-owned enterprises.
Family businesses are unique in that they blend familial relationships with business operations, which can introduce both opportunities and challenges. Therefore, an MBA in Family Business Management focuses on understanding the dynamics of family-owned businesses and equipping students with the tools to navigate these complexities effectively.