MBA in Family Business Syllabus 2024: Subjects, Semester-wise Syllabus PDF, Top Colleges, Books

Updated on Nov 22, 2024 04:06 IST

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

Indian Institute of Management, Bangalore

 To be uploaded soon

Institute of Management, Nirma University, Ahmedabad

 To be uploaded soon

Jamia Millia Islamia, Delhi

Download Here 

Indian School of Business, Hyderabad

 To be uploaded soon

Amity University, Mumbai

 To be uploaded soon

School of Business Studies, Greater Noida

 To be uploaded soon

Quantum School of Business, Roorkee

 To be uploaded soon

Symbiosis Institute of Business Management, Bangalore

 To be uploaded soon

Parul University, Vadodara

Download Here 

SP Jain Institute of Management and Research, Mumbai

 To be uploaded soon

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FAQs About MBA in Family Business

Q. Can a student pursue PhD after completing MBA in Family Business?

A. Yes, a student can pursue PhD in Family Business Management after completing MBA in it. A number of colleges are offering this programme so that interested students can gain detailed knowledge of the subjects.

Q. Which companies hire MBA in Family Business graduates?

A. The companies that majorly hire MBA in Family Business graduates are:
  • Infosys
  • HDFC Bank
  • IndusInd Bank
  • Hindustan Unilever Ltd.
  • Nokia
  • KPMG
  • Whirlpool

Q. What are the skills required to pursue MBA in Family Business?

A. Some of the abilities required for an MBA in Family Business Management include a strategic mentality, time management, communication skills, leadership skills, decision-making skills, business and management interests, critical thinking, analytical skills, and decision-making.

Q. What are the eligibility criteria for MBA in Family Business?

 A. Students need to have completed their bachelor’s degree in any stream with 50 per cent marks from a recognised university. Also, they need to appear and score good in entrance exams that allow admission to management colleges.

Q. What are the eligibility criteria for MBA in Family Business?

A. Students need to have completed their bachelor’s degree in any stream with 50 per cent marks from a recognised university. Also, they need to appear and score good in entrance exams that allow admission to management colleges.

Q. What is the duration of MBA in Family Business?

A. MBA in Family Business is a postgraduate programme that focuses on managing family businesses. It can be completed in two-year time.

Q. Which are the top colleges offering MBA in Family Business?

A. Some of the renowned colleges offering MBA in Family Business are:
  • 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?

A. The passouts of this programme can work as Entrepreneur, Business Administrator, Account Manager and Human Resource Manager.

Q. What are the main subjects in MBA in Family Business syllabus?

A. The main subjects included in the curriculum of an MBA in Family Business are:
  • 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?

A. People nowadays are more ready to start their own business, startup or wish to be entrepreneurs, or expand their family business since it provides a sense of originality and professional fulfilment. The MBA in Family Business Management programme is designed to suit the needs of both family-owned businesses and entrepreneurs in today's society.

Q. What is the average salaries for various positions after MBA in Family Business?

A. The young professionals can start earning INR 6 lakhs at the start and can earn up to INR 20 lakhs with experience.

Popular Exams

Following are the top exams for MBA in Family Business. Students interested in pursuing a career on MBA in Family Business, generally take these important exams.You can also download the exam guide to get more insights.

3 Dec ' 24 - 5 Dec ' 24

CAT 2024 answer key challenge

Dec '24

CAT 2024 result announcement

TENTATIVE

2 Dec ' 24 - 4 Dec ' 24

Karnataka PGCET Counselling Fee Payment and Admis...

30 Nov ' 24

Karnataka PGCET Counselling Final Seat Allotment ...

Jun '24

CT SET 2024 Counselling Start

TENTATIVE

Jun '24

CT SET 2024 Result

TENTATIVE

6 Nov ' 24 - 17 Dec ' 24

NMAT 2024 Retake Registration

1 Aug ' 24 - 17 Dec ' 24

NMAT 2024 Rescheduling Window

Popular MBA in Family Business Specializations

Following are the most popular MBA in Family Business Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Popular MBA in Family Business Colleges in India

Following are the most popular MBA in Family Business Colleges in India. Learn more about these MBA in Family Business colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
1 Course
1.3 L
3.0

#25 NIRF

1 Course
9.68 L
11 LPA

#24 Times

#48 Business Today

1 Course
10.83 L
10.77 LPA

#25 Times

10.3 LPA

#49 Business Today

1 Course
7.45 L
3.7

#111 Business Today

Popular Private MBA in Family Business Colleges in India

3.84 L

#35 Times

15.72 L
7 LPA
10.3 LPA

#49 Business Today

9.44 L - 9.92 L
6.5 LPA

#26 Times

5.33 L
5.0

#64 Times

7.32 L

#96 Business Today

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