MBA Family Business Management: Admission 2025, Fees, and Colleges

MBA Family Business Management is a 2-year master-level program that educates and empowers students with knowledge and skills to handle and lead family-owned businesses. The course helps to solve unique situations like succession planning, governance, and family dynamics in business. It centers on building leadership, an entrepreneurial approach, and professional management skills to work with the intricacies of family businesses.

The eligibility criteria for pursuing an MBA in Family Business Management are to have a bachelor’s degree with 50% aggregate marks from a recognised university. Candidates also need to qualify in entrance exams, followed by a personal interview or group discussion. Some of the famous entrance exams are CAT, MAT, CMAT, ATMA, CUET PG, GMAT, and other university-specific exams such as PG-NCAT.

The course fee for studying MBA Family Business Management in India ranges between INR 4,00,000-16,00,000, depending on the institute offering the course. Some of the best institutes are UPES, Delhi Technological University, Nirma University, Karnavati University, University of Lucknow, and others

MBA graduates in Family Business Management can get jobs in various positions in the business sector; however, the majority of professionals get involved in their own family business. Some of the common job roles are Project Manager, Product Manager, Management Consultant, Senior Accounts Manager, HR Manager, Business Development Manager, and others. They can earn an average of INR 4-7 LPA as a fresher, INR 8-12 LPA as an intermediate, and INR 15-20 LPA as an experienced professional.

MBA Family Business Management Key Highlights

Below are some of the important key points about the MBA in Family Business Management course in India:

What is MBA Family Business Management?

MBA in Family Business Management is a 2-year postgraduate program that is intended to equip the future generations of family business owners and managers to effectively run their family businesses and grow them. As compared to the traditional MBA, this course particularly focuses on the complexities of family-owned businesses and managing their unique issues of succession, conflict management, business governance, and family-business balance.

The course integrates both general management courses along with more focused courses in family business dynamics, wealth management, and entrepreneurial innovation in family enterprises. It provides students with practical experience in the application of case studies, internships, and establishing contacts with industry leaders to acquire leadership skills and strategic leadership opportunities through the application of the concept of family business.

The program also helps to develop the knowledge of balancing between professional management and upholding family identity and values, which will guarantee sustainability and expand over time through generations.

Why Study MBA Family Business Management?

Master of Business Administration Family Business Management is designed for people who intend to manage and develop a family business. This specialized program will provide you with skills to manage unique issues like succession planning, family governance, in addition to balancing tradition and innovation characteristics, so that your family business can be sustainable and grow in the long term. The major reasons to pursue an MBA in Family Business Management

• Master Succession Planning: Learn how to make seamless changes in the leadership between generations, which is a major issue in family-owned businesses.
• Improve Leadership & Management Skills: Build high level leadership, conflict management, decision making skills of family business specific requirements.
• Professionalize the Business: Gain the skills to apply modern management techniques, technology, and innovation within the machinations of long-time family businesses.
• Know Family Dynamics: Learn about the management of family relations, skills in family governance, and internal conflicts so that harmony remains in business.
• Maximize Networks and Opportunities: Develop contacts with other family business owners, industry professionals, and alumni, expanding the potential to form partnerships and new markets.
• Investment and Finance: Improve the knowledge of strategic planning, financial management, and investment to guarantee business development in the long term.
• Global perspective: Since you will be exposed to international business trends and practices, you will be able to develop your family business to any new market and change to global challenges.
• Immediate Application: Completing the programme means applying the learning experience of the classroom immediately to family business situations in the real world, and improving immediate business performance.
• Career Flexibility: Obtain a useful credential in the form of career insurance, and be able to work in the family business when possible, or seek employment elsewhere at any time you wish

Who should study MBA Family Business Management?

MBA Family Business Management is suitable for individuals who want to become entrepreneurs or family business owners who want to direct, develop, or transform their business. The program is focused on the peculiarities of family business and can also be useful to an entrepreneur who wants to gain practice in the field of business. Some of the best-fit candidates who should pursue MBA Family Business Management course are given below:

• Next generation family business owners who are ready to inherit their business or scale up their family business.
• Graduates with a family business background, who want to modernize their business and professionalize themselves.
• Entrepreneurs planning to make an original business or embark on start-ups.
• Individuals in family businesses interested in studying an understanding of succession planning, governance and conflict resolution.
• Professionals who are willing to reduce generational differences and encourage innovation in their family business.
• People who want to acquire management, financial, and leadership knowledge on family-owned businesses.
• Individuals who are interested in connecting with other family business owners and professionals in the industry.

MBA Family Business Management Eligibility Criteria

The eligibility criteria for MBA programs serve as a starting point and help in assessing whether candidates have an appropriate academic background and potential to study management. Such requirements assist colleges and universities in identifying students who are ready to take the challenge of an MBA program and can handle dynamic learning processes. The eligibility criteria for pursuing an MBA in Family Business Management are as follows:

• Passed a bachelor’s or graduation degree with 50% marks from a recognised university.
• Qualify in national or university-level entrance examinations such as CAT, MAT, CMAT, CUET PG, PG-NCAT, and others.
• Qualify in a personal interview or group discussion conducted by the college or university.
• A few colleges may also demand details of the family business for granting admission.

MBA Family Business Management Entrance Exams 2025

MBA entrance examinations are standardized tests that most universities and business schools mandate in the selection process of the MBA programs. These tests evaluate the aptitude of the candidate, including quantitative ability, reasoning ability, and language skills to ensure they possess the underlying competence that will be required in higher studies of business administration and management. Some of the most famous entrance exams for Master of Business Administration in Family Business Management are given below:

MBA Family Business Management Colleges in India

There are numerous reputed universities and colleges in India that offer a course in Master of Business Administration Family Business Management. These colleges also have a very good curriculum, with professional faculty which helps students in gaining both knowledge of theory and hands on experience in maintaining as well as expanding family business. Some of the best colleges in India for MBA in Family Business Management courses are given below along with the approximate course fee and intake exams.

MBA Family Business Management Admission Process 2025

The admission process for MBA in Family Business Management courses in India usually starts off with the applicants understanding whether they are an eligible candidate for this degree and preparing to take the necessary entrance exams. It has several steps, such as the application, which is followed by entrance examination results and additional rounds of evaluation, either in the form of an interview or group discussions, depending on the college. For reference, the admission process at Delhi Technological University has been given below:

Step 1: First, check that you are eligible to pursue an MBA in Family Business Management at Delhi Technological University. You must be a graduate with a minimum of 50% aggregate marks, 10 % relaxation given to SC/ST/PwD applicants, and you must give details of your family business, GST number.

Step 2: Take the CAT/MAT entrance examination and score well, and one has to maintain a valid score because admission is entrance-based.

Step 3: Go to the official DTU website (or the Common Management Admission Committee (CMAC) website) and complete the online application form of the MBA (Family Business & Entrepreneurship) programme. In this step, you will be asked to upload all the necessary papers, which may include mark sheets, degree certificates, reserved category certificates (if applicable), CAT/MAT scorecard, and the credentials of your family business, and then have to pay the application fee of INR 1,500 (in the case of general category students).

Step 4: DTU shall release a list of the shortlisted candidates after the application deadline on the basis of CAT/MAT scores and details of the application. In case you are shortlisted, you will be invited to a Personal Interview round and counselling,w hich is normally composed of a case study and additional evaluation.

Step 5: Appear in Personal Interview and counselling session and at DTU as per the schedule. The merit score will be determined on the basis of your undergraduate marks, case study performance, personal interview performance, and diversity factors.

Step 6: In case you are selected, your name should be included in the merit list released by DTU. Then, to confirm your place, you have to verify documents and pay the admission fee online during the given period. Your admission will only be confirmed after a successful document verification and payment of fees.

Step 7: Lastly, report to DTU to receive the allotment letter and take up any other formalities.

Documents Required:

• Class 10 and 12 Mark Sheet
• Graduation Mark Sheets and Degree Certificate
• CAT or MAT Scorecard
• Category (Caste) Certificate (if applicable)
• Work Experience Certificate (if applicable)
• Family Business Credentials, including GST Number
• Migration Certificate (if applicable)
• Printout of Online Application Form
• ID Proofs
• Passport-sized photograph

MBA Family Business Management Syllabus

In India, MBA programs in Family Business Management are a combination of mainstream business themes and courses that have more specific relevance to family-owned businesses. The syllabus aims at developing leadership, entrepreneurial, and technical skills by use of case-based learning, projects and experience-based learning. For a clear understanding, the syllabus for MBA in Family Business Management at CMS Business School is given below:

MBA Family Business Management VS MBA Entrepreneurship

Mention below is the comparison between MBA in Family Business Management and MBA in Entrepreneurship:

MBA Family Business Management Job Opportunities in India

The career prospects available to MBA Family Business Management graduates in India are very broad, as there is not only a great deal of opportunity in the family businesses they have been studying, but also in the general corporate sector. Some of the job roles available in India in the corporate sector have been given below:

MBA Family Business Management FAQs