MBA in Family Business Syllabus 2024: Subjects, Semester-wise Syllabus PDF, Top Colleges, Books
Pallavi Priyadarshini PandaContent Writer
MBA in Family Business programme is designed with an immersive and case-based learning approach that combines administrative, entrepreneurial, and technical abilities. The course expands the vision of the candidates and enhances their leadership and problem-solving skills required in the business world. It also encourages the qualities of a true leader within them. Students can pursue MBA in Family Business Management or Postgraduate Diploma in Family Business to meet their career objectives and business requirement.
This programme is beneficial for people who want to expand their family business. In a period of globalisation, modernisation, and commercialisation, the MBA in Family Business Management programme aids entrepreneurs in keeping updated with competitive and management changes.
MBA in Family Business Important Facts
The important points related to MBA in Family Business are given below:
Eligibility- Interested students must have graduated with a minimum of 50% aggregate marks from a recognised university or college. They must have submitted the required documentation and declarations in the approved manner regarding their knowledge of their family business. This programme is also offered to students in their final year of graduation.
Admission Process- On the basis of the documents presented by the interested students, applications are assessed and eligibility is determined. Eligible students also need to appear in the entrance tests held at the national or university levels and get good scores. They also need to appear in group discussions and personal interviews depending on the admission procedure followed by the colleges.
Who Should Attend-This programme is planned for entrepreneurs and those running family businesses. The participants of this course should be graduates and possess five years of work experience. If the participant is the owner of a business, the work experience criteria are relaxed.
Learnings- The desirous students will learn valuable entrepreneurship skills needed to run a respectable business. Also, it will help them in becoming potential leaders. It will also assist them in building strategic thinking, vision, and commercial acumen while improving their electronic information analysis ability.
Curriculum-The syllabus of the MBA in Family Business is divided into four semesters. In the first three semesters, students will gain in-depth knowledge about topics related to management and businesses, while in the fourth semester, students will go for an Industry internship/ Entrepreneurial Venture Foundation/Business Expansion.
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MBA in Family Business Overview
MBA in Family Business Syllabus
Every semester of the MBA programme in Family Business consists of a combination of General Core, Programme Core, and Ability Development courses. This guarantees that students gain a comprehensive understanding of both core principles and application-oriented learning in the subject of family company and entrepreneurship in general.
| Semester-1 |
|
|---|---|
| Subject |
Details |
| Business Finance |
In this, students learn the fundamentals of running its affairs in a world dominated by the flow of money. They learn about the basic accounting principles to the foundations of financial management. |
| Organisational Behaviour |
This course provides an overview of the micro and macro dimensions of human behaviour from an individual, group, and organisational standpoint. |
| Marketing Management |
It teaches the fundamental concepts of marketing and its importance in the business world to the students. |
| Design Thinking for Innovation |
This course allows the application of fundamental design thinking ideas to create new solutions to business difficulties from a more human-centric perspective. |
| Family Business Management |
This course provides an in-depth overview of the principles of establishing and running a family business, as well as an outline of its governance concerns, issues, and effective operation techniques. |
| Data Visualisaton |
This course introduces the value of information and how it can be used to make business decisions by utilising some of the most powerful data analysis technologies. |
| Decision Analysis |
This is an introductory course that integrates the essential disciplines of statistics and data science to help the analytical decision-making process that is at the heart of every organization. |
| Business Economics |
Students learn about business's interwoven function in the greater context of the business environment in which it works. It assists them in understanding what issues may have an impact on their future business and ways for mitigating them. |
| Semester-2 |
|
|---|---|
| Subject |
Details |
| Legal Aspects of Business |
The course covers the legal aspects of business as well as the necessary needs for its creation and operation. It teaches the legal systems and their applications in real-world circumstances. |
| Introduction to Business Analytics |
The program includes the data-driven decision making through brief courses on financial analytics, digital marketing, human capital management, and operations analytics, among other topics. |
| Human Resource Management |
It deals with the management of talents hired to enhance their performance and improve their contribution towards the company. |
| Sales Management for Family Business |
It describes the full process of hiring, training, and analysing sales teams, as well as supervising and eventually reaching their potential, as well as managing dealer and distribution networks. |
| Private Equity and Venture Capital Financing |
Students will learn how to obtain financial resources to fund their excellent ideas, new projects, or infuse fresh funds into their existing family company organisation. |
| Corporate Entrepreneurship |
This topic is for corporate entrepreneurs. It teachers how to generate new business concepts and explore unique and creative solutions within the confines of existing family owned business. |
| Succession and Leadership in Family Business Organisations |
This course examines the significance of succession planning in family businesses. The course addresses the background of Family Business Leadership and its challenges in both passing the baton and taking on the mantle, |
| Personal Branding |
The concept of personal branding is introduced in this course. It is a must-have for both potential entrepreneurs and Next Gen family company leaders looking to build networks and contacts in the business ecosystem. |
| Semester-3 |
|
|---|---|
| Subject |
Details |
| Family Business Growth, Success and Learnings |
This program focuses on the learnings and great experiences of remarkable family businesses. |
| Managing Finances in Family Business |
This course provides an in-depth overview of how to handle the finances of a family business, which can be a key difficulty for most firms in this field. |
| Electives |
--------- |
| Semester-4 |
|
|---|---|
| Subject |
Details |
| Internship |
In the final semester, in which the learnings of the programme are applied into the real business world. The three types of internships are Industry internship/Entrepreneurial venture internship or Family Business internship. |
Some of the elective subjects from which students need to choose to gain specialisation and in-depth knowledge of the subjects are mentioned in the table below:
| Elective Subjects |
|
|---|---|
| Subjects |
Details |
| Site Administration and Control |
Administrative controls are one type of control measure that considers training, practice, strategy, or shift designs to reduce the risk of a hazard to an individual. |
| Private Public Partnership (PPP) |
A PPP, or public-private partnership, is a long-term arrangement between a national or municipal government and a private enterprise. |
| Advances in Project Management |
Project management is the process of managing a team's effort to fulfil all project goals within the limits set. |
| Project and Infrastructure Finance |
Project financing is commonly utilised for huge infrastructure projects such as roads and bridges, as well as oil and gas and renewable energy projects. |
| Corporate Real Estate Management |
For many years, corporate real estate management in diverse companies has been predicated on transactions that are focused on decreasing expenses in the short term. |
| Real Estate Investments and Finance |
Real Estate Finance and Investment is intended for real estate professionals who want to expand their understanding of finance and valuation. |
| Big Data Analytics |
Big data is a term used to describe data sets that are too large or too complex for typical relational databases to capture, manage, and process with low latency. |
| Digital Transformation Management |
The process through which corporations embed technologies into their operations to promote fundamental change is known as digital transformation. |
MBA in Family Business Books and Authors
Some of the important books for MBA in Family Business subjects are:
| Book |
Author |
Details |
|---|---|---|
| Before You StartUp |
Pankaj Goyal |
Starting a business is not an easy task. It requires planning. This preparation is about understanding your "why," producing and testing business ideas, assembling your founding team, communicating with your family, and managing your career and finances. It is all about psychologically preparing to begin. This book will help in finding those answers. |
| The Personal MBA |
Josh Kaufman |
The Personal MBA provide students with easy mental models for each subject that is critical to commercial success. This book distils everything they need to know to compete with MBA graduates, from the fundamentals of goods and marketing to the intricacies of teamwork and systems. |
| Business Communication |
N. Gupta |
This book is a revised version designed according to the latest syllabus for MBA. It provides knowledge on opinions, beliefs, time management and organisational communication. |
| MBA in a book |
Joel Kurtzman |
MBA in a Book is a concise, jargon-free reference to the basic curriculum of an MBA programme, showing how to learn the big ideas of business and apply them in a practical way to establish and increase career success. |
| Business Law |
N D Kapoor |
This book talks about fundamental principles of Business law and how they affect any company. |
MBA in Family Business Entrance Exams
Some of the common entrance exams for admission to management colleges are:
CAT- The Common Admission Test (CAT) is a national entrance assessment for India's 20 IIMs and over 1,200 business schools. The three sections of this entrance exam are
- Reading and Verbal Comprehension (VARC)
- Logical Reasoning & Data Interpretation (DILR)
- Quantitative Ability (QA)
MAT- The All India Management Association administers the Management Aptitude Test (MAT), a national admissions exam for MBA/PGDM admissions (AIMA). AIMA conducts the admission exam in three modes: computer-based test , paper-based test, and internet-based test.
GMAT- The Graduate Management Admission Council (GMAC) administers the Graduate Management Admission Test (GMAT) to MBA and other graduate students (GMAC). The GMAT is an online, computer-based examination.
CMAT- The Common Management Admission Test (CMAT) is administered by the National Testing Agency and is used to enrol applicants in MBA programmes at over 1,000 Indian colleges and universities (NTA). NTA holds CMAT entrance tests in Computer Based (CBT) modality across the country each year.
NMAT- GMAC administers the NMAT (National Management Admission Test) for MBA admissions at NMIMS University and other major management institutes. NMAT is administered by the Graduate Management Admission Council (GMAC).
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Top Exams for MBA in Family Business
MBA in Family Business Distance Programme
The distance programme assist entrepreneurs, corporate venturing managers, start-up businesses, and others who work in entrepreneurship environments in learning what they need to develop ideas into productive enterprises, as well as how to increase possibilities in their companies, organisations, and regions.
In the distance programme, participants will be exposed to the material, context, and connections that enable entrepreneurs to build and launch successful new enterprises based on revolutionary technology through lectures by senior academics and live case studies with successful entrepreneurs.
Students who have completed their bachelor’s degree from any recognised university or an equivalent degree recognised by UGC with 40 per cent marks are eligible to apply for this programme.
Distance learning programme enable the candidates to complete the course at their own pace. They can purse distance programme from:
- IGNOU
- DY Patil University
- NMIMS
- LPU
MBA in Family Business Top Colleges
The below table contains the name of top 10 colleges offering Family Business management course.
| Top 10 Colleges for MBA in Family Business |
|
|---|---|
| Name of College/Institute |
Syllabus PDFs |
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FAQs About MBA in Family Business
Q. Can a student pursue PhD after completing MBA in Family Business?
Q. Which companies hire MBA in Family Business graduates?
- Infosys
- HDFC Bank
- IndusInd Bank
- Hindustan Unilever Ltd.
- Nokia
- KPMG
- Whirlpool
Q. What are the skills required to pursue MBA in Family Business?
Q. What are the eligibility criteria for MBA in Family Business?
Q. What are the eligibility criteria for MBA in Family Business?
Q. What is the duration of MBA in Family Business?
Q. Which are the top colleges offering MBA in Family Business?
- Indian Institute of Management, Bangalore
- Institute of Management, Nirma University, Ahmedabad
- Jamia Millia Islamia, Delhi
- Indian School of Business, Hyderabad
- Amity University, Mumbai
- SP Jain Institute of Management and Research, Mumbai
Q. What are the main job profiles after MBA in Family Business?
Q. What are the main subjects in MBA in Family Business syllabus?
- Business Finance
- Organisational Behaviour
- Marketing Management
- Human Resource Management
- Sales Management for Family Business
- Corporate Entrepreneurship
Q. What is the scope of MBA in Family Business?
Q. What is the average salaries for various positions after MBA in Family Business?
Popular Exams
19 Dec ' 24 | CAT 2024 result announcement |
3 Dec ' 24 - 5 Dec ' 24 | CAT 2024 answer key challenge |
24 Dec ' 24 - 2 Mar ' 25 | MAT 2024 Registration Process PBT (February) |
24 Dec ' 24 - 9 Mar ' 25 | MAT 2024 Registration Process CBT (February) |
5 Jan ' 25 - 10 Jan ' 25 | NMAT 2024 Scheduling Window (second phase) |
5 Jan ' 25 - 10 Jan ' 25 | NMAT 2024 Registration Window (second phase) |
25 Dec ' 24 - 25 Jan ' 25 | MAH CET 20245 registration process |
Mar '25 | MAH MBA CET 2025 TENTATIVE |
Popular MBA in Family Business Specializations
Popular Specializations
- Family Business
72 Colleges
- Entrepreneurship
42 Colleges
- Finance
40 Colleges
- Human Resources
40 Colleges
- Sales & Marketing
40 Colleges
- International Business
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- Operations
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- IT & Systems
26 Colleges
- Rural Management
21 Colleges
- Supply Chain
21 Colleges
Popular MBA in Family Business Colleges in India
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Popular Private MBA in Family Business Colleges in India
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Most Popular Courses
Popular Courses
- MBA in Family Business and EntrepreneurshipInstitute of Management, Nirma University
- Post Graduate Diploma in Management (PGDM)Calcutta Business School
- Post Graduate Diploma in Management (PGDM)Delhi School of Business
- Master of Business Administration (MBA)Sona School of Management
- Master of Business Administration (MBA)S.B Patil Institute of Management, Pimpri Chinchwad Educations Trust's
- Post Graduate Diploma in Management (PGDM)I Business Institute
- PGDM in EntrepreneurshipEntrepreneurship Development Institute of India
- Master of Business Administration (MBA)KLS Institute of Management Education and Research
- Post Graduate Diploma in Management (PGDM)Dr. Gaur Hari Singhania Institute of Management and Research
- Master of Business Administration (MBA)Sai Balaji International Institute of Management Sciences
News & Updates
Student Forum
Anything you would want to ask experts?Answered 18 hours ago
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An MBA Entrepreneurship is a specialized postgraduate degree programme designed to equip students with the knowledge, skills, and mindset needed to succeed as innovators and entrepreneurs in today's business landscape.
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The tuition fee for Cardiff MBA course in 2025 is £33,200 (Around INR 35.7 L). To take admission to Cardiff Uni MBA course, the applicants are required to have a 2:1 honors degree or an equivalent international degree. Other requirements are given as follows:
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Pursuing MBA at ISMR Pune could be worth pursuing for the students willing to pursue their career in management. ISMR is approved by the All India Council for Technical Education (AICTE) and the Directorate of Technical Education, Maharashtra. The College also has an affiliation with Savitribai Phul
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The Lexicon MILE Pune average package offered during the 2024 placement drive stood at INR 8.27 LPA.
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Average package | INR 7.10 LPA | INR 8.70 LPA | INR 8.27 LPA |
Note: The average package of 2024 is updated till November 2023. It may vary once the final placement report i
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JSPM MBA programme includes core topics and major/minor subejcts. Some of the specialisations that are offered only as MINOR are as follows:
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- Pharma & Healthcare Management (PHM)
- Tourism & Hospitality Management (THM)
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Contributor-Level 9
Answered 23 hours ago
JSPM Narhe admission enquiry form is currently available on the official website. Candidates seeking admission can go on to the official website to fill out this form. There is no application deadline available as of now. Hence, it is advisable to apply as soon as possible for the MBA programme.
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Beginner-Level 5
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Yes, pursuing an MBA course from IZee Business School is a good choice if considering the placement opportunities. The key highlights of IZee Business School placements for the overall Class of 2023 are tabulated below:
Particulars | Placement Statistics (2023) |
Placement rate | 95% |
the highest Package | INR 18 LPA |
Average Package | INR 5 LPA - INR 8 LPA |
Top recruiters | Infosys, IBM, JP Morgan, TCS, Dell Technologies, Biocon, EY |
Contributor-Level 10
Answered 23 hours ago
The eligible candidates can visit the official website of JSPM to fill out the admission enquiry form. After this form submission, a counsellor from the college may contact the candidate or send the application link. Candidates can fill out the admission form with required details and upload importa
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Beginner-Level 5
Answered 23 hours ago
MBA is one of the most popular courses of IZee Business School. When it comes to the placements, the institute offers decent placements annually. The key highlights of IZee Business School placements for the overall Class of 2023 are tabulated below:
Particulars | Placement Statistics (2023) |
|---|---|
Placement rate | 95% |
the highest Package | INR 18 LPA |
Average Package | INR 5 LPA - INR 8 LPA |
Top recruiters | Infosys, IBM, JP Morgan, TCS, Dell Technologies, Biocon, EY |
Contributor-Level 10
Answered 23 hours ago
Hi Piyush,
To apply for the MBA programme at JSPM Narhe, you'll need to submit the following documents:
Academic Transcripts:
- 10th and 12th Mark Sheets: Original and photocopies.
- Graduation Mark Sheets: Original and photocopies.
Entrance Exam Score Card:
- MH-MBA-CET Score Card: If applicable.
- Other Entran
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Contributor-Level 9
Answered 23 hours ago
Candidates can get into MBA course of JSPM with a valid score of MAH-CET or accepted exams (CAT/XAT/MAT/, etc.). Apart from this, it is necessary that aspirants have passed a bachelor's course with at least 50% aggregate (45% for reserved categories) to be eligible for admission. The eligible candid
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JSPM releases cutoff list to declare minimum score required in the accepted exams for a candidate to become eligible for admission. The cutoff for the PG course is determines based on the below-mentioned factors:
- Number of applicants
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- Seat availability
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Sri Muthukumaran Institute of Technology offers two year MBA programme. Candidates who are interested in MBA can apply for the admission form online. To be eligible for admission to the MBA, Candidates must appear for the TANCET entrance exam and have a graduation degree in a relevant field from a r
Contributor-Level 10
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Yes, many MBA colleges in Delhi offer specialiations in emerging fields like Data Analytics or Digital Marketing. For example, institutions like Asia-Pacific Institute of Management, New Delhi, IILM Institute For Higher Education, New Delhi Institute of Management, Indian Institute of Digital Educat
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Sri Muthukumaran Institute of Technology admission to the MBA is entrance-based. Candidates interested in admission to MBA must appear for the TANCET entrance exam. Additionally, applicants must have to fill out the application form online or offline to be eligible for admission.
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Contributor-Level 6
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Apccording to Anna University stream-wise NIRF reports 2024, the median package offered to MBA graduates during Anna University placements 2023 is presented below:
Course | Median Package (2023) |
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MBA | INR 8 LPA |
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MBA colleges in Pune support students for global exosure and internships in terms of providing international student exchange programme, collaborations with MNCs, dedicated international business curriculum, industry connection project, and many others.
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Contributor-Level 10
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Joining the top MBA colleges in Pune can be worthwhile for you. For that, you need to check its ROI. Listed below are some colleges along with their tuition fees and average placement package:
College Names | Total Tuition Fee | Average Placement Package |
|---|---|---|
INR 17 Lacs - INR 24 lakh | INR 25 LPA | |
INR 8 Lacs - INR 50 lakh | INR 7 LPA | |
| National Institute of Bank Management MBA | INR 14 lakh | INR 15 LPA |
| Symbiosis Institute of International Business MBA | INR 13 Lacs - INR 19 lakh | INR 10 LPA - INR 11 LPA |
| Symbiosis Centre for Information Technology MBA | INR 11 Lacs - INR 15 lakh | INR 13 LPA |
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The cost of pursuing an MBA (Master of Business Administration) in Malaysia is MYR 18,000 - MYR 35,000 if you secure an admission in a public university. Whereas, in a private university, the tuition fee for MBA in Malaysia is MYR 26,000 - MYR 80,000.
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Contributor-Level 10
Answered Yesterday
Master of Business Administration (MBA) is one of the most popular courses offered by the universities in Malaysia and students across the globe desire to pursue it. Some of the top specializations that you can pursue as an international student are listed in the table below:
Human Resource Management | International Business | Health Administration |
Marketing | Finance | Managerial Accounting |
Project Management | Management Consulting | Operations Management |
Entrepreneurship | Marketing Management | Business Information System |
Strategic Management | Organizational Behavior | Corporate Digital Communication |
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College of Engineering Pune MBA course fee is around INR 4 lakh. Candidates must pay the fees to finalise the admission. The fees might include components other than the tuition fees. The MBA one-time fee is around INR 6,000.
*This information is sourced from the official website/ sanctioning body a
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Contributor-Level 6
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Yes, Sri Muthukumaran Institute of Technology 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 candidat
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Contributor-Level 6
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Lords University offers two-year MBA course at the PG level. The admission to MBA is merit-based. Candidates need to meet the eligibility requirements for getting admission. The eligibility requirement is to pass graduation with minimum of 50% aggregate in any stream to apply for MBA course.
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