PGPFMB Course Overview
Post Graduate Programme in Family Managed Business is offered by Akademia School of Business Studies at the Certificate level. The programme is of 15 months duration. Candidates seeking admission to Akademia School of Business Studies Post Graduate Programme in Family Managed Business must meet the prescribed eligibility requirements. The aspirants can check other specialisations offered under the Akademia School of Business Studies Certificate as well. More highlights related to the course are mentioned below:
PGPFMB Course Highlights
| Particulars | Details |
| Course Name | Post Graduate Programme in Family Managed Business (PGPFMB) |
| Institute | Indian School of Business |
| Duration | ~15 Months (Modular Format) |
| Mode | Part-time / Weekend (for working professionals) |
| Eligibility | Graduation + Family Business Background |
| Selection Criteria | BAT (Business Admissions Test) + Interview |
| Total Fees | ₹49.91 Lakhs (approx.) |
| Work Experience | Preferred (not mandatory in some cases) |
| Program Focus | Family Business Management, Succession Planning, Strategy |
| Campus | Hyderabad & Mohali (Alternate Campus Visits) |
| Global Exposure | International Immersion Module |
| Ideal For | Next-gen family business owners / entrepreneurs |
PGPFMB Detailed Syllabus
| Category | Topics Covered |
| Core Management | Financial Accounting, Corporate Finance, Marketing Management, Operations, Business Analytics, Strategy |
| Family Business Specialization | Governance, Succession Planning, Family Dynamics, Ownership vs Management, Legacy Building |
| Growth & Transformation | Digital Transformation, Innovation, Scaling Strategies, M&A, Investments |
| Leadership Development | Leadership, Change Management, Negotiation, Communication, Ethics |
| Experiential Learning | Case Studies, Peer Learning, International Immersion, Capstone Project |
PGPFMB Admission Process
| Stage | Details |
| Eligibility | Graduation + Family Business Background + BAT Score |
| Application | Online form submission with academic & business details |
| Test Requirement | BAT (Business Admissions Test) |
| Shortlisting | Based on profile, essays, leadership potential |
| Interview | Personal interview focusing on business understanding |
| Final Selection | Overall profile + interview performance |
PGPFMB Placement Outcomes
| Particulars | Details |
| Placement Type | Not placement-driven (family business focused) |
| Average Package | ₹33.3 LPA (indicative) |
| Highest Package | ₹66 LPA (indicative) |
| Primary Outcome | Return to family business / expansion |
| Key Benefits | Business growth, strategy improvement, global exposure |
| Career Roles | CEO, Managing Director, Entrepreneur, Business Leader |
PGPFMB FAQs
1. What is PGPFMB at ISB?
PGPFMB (also known as PGP MFAB) is a specialized management program for family business owners and successors, focusing on growth, governance, and succession planning.
2. Who should apply for this course?
This program is ideal for:
- Next-generation family business owners
- Entrepreneurs managing family enterprises
- Professionals planning to join their family business
3. What is the duration of the program?
The program duration is approximately 15 months, delivered in a modular format (campus visits + breaks for business continuity).
4. What is the eligibility criteria?
- Bachelor’s degree (mandatory)
- Involvement in a family business
- Valid BAT (Business Admissions Test) score
- Work experience is preferred but not mandatory
5. Is GMAT/GRE required for PGPFMB?
No, this program requires the BAT exam, not GMAT/GRE.
6. What is the fee structure?
The total program fee is approximately ₹49–50 Lakhs, including tuition and academic resources.
7. Does ISB provide placements for this program?
No, PGPFMB is not a placement-driven program. Most participants return to their family businesses and apply their learning directly.
8. What are the career outcomes after this program?
Graduates typically:
- Take leadership roles in family businesses
- Expand or diversify business operations
- Start new ventures
9. Is there any international exposure?
Yes, the program includes an international immersion module to provide global business insights.
10. Which campuses are used for the program?
Classes are conducted at ISB campuses in:
- Hyderabad
- Mohali
Key Eligibility Criteria for PGPFMB:
- Academic Qualification: Graduation or equivalent degree from a recognized university.
- Family Business Background: Must be a member of a family-managed business, usually at least the second generation.
- Business Involvement: Applicants often need to be involved in the family business (some programs require at least 12 months of prior experience).
- Mentor Requirement: A senior-generation mentor from the family business must support the applicant.
- Age Limit: Some, but not all, programs specify an age range (e.g., 22–35 years).
- Other Factors: The business often needs to be of a scalable size, and applicants should demonstrate business acumen.