Master of Business Administration (MBA Family Business)

Building Family Legacies Through Advanced Business Strategies

About Course

  • Location - GHRSTU Nagpur
  • Duration -2 years (2 sem per year)
  • Course Type - Full time
  • Affiliated - UGC

The MBA in Family Business program is designed to address the unique challenges and opportunities faced by family-run enterprises. This program blends traditional business management principles with specialised knowledge customised for the dynamics of family businesses. Students will gain insights into family business governance, succession planning, and strategic management, with a focus on fostering innovation and sustaining growth. Through case studies, practical projects, and interaction with successful family business leaders, students will develop the skills necessary to navigate the complexities of managing and expanding family-owned enterprises.

Objectives of Program

  • Advanced management skills specific to family businesses.
  • Strategies for effective governance and succession planning.
  • Techniques for balancing family dynamics with business goals.
  • Tools for resolving conflicts and ensuring long-term business sustainability.

Future in Master of Business Administration (MBA Family Business)

  • In India, family-owned businesses are expected to grow by 12% annually.
  • More than 60% of family businesses in India are preparing for leadership transitions in the next decade.
  • The adoption of digital tools and technology is rising among family businesses to stay competitive.

Eligibility

  • A bachelor's degree in any discipline from a recognised university or institution with a minimum of 50% aggregate marks (45% for reserved categories).
  • A valid score in a national-level or institute-specific MBA entrance exam such as CAT, MAT, XAT, GMAT, CMAT, or others as required by the institution.

Study at GHRSTU for a successful future & drive your career in the right direction with our Master of Business Administration (MBA Family Business) Programs

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Admission Procedure

Admission shall be through the Centralised Admission Process (CAP). Educational institutions will admit candidates through stages such as publishing the Information Brochure on the Competent Authority's website, which candidates should read carefully. Candidates must fill out the Online Application Form according to the notified schedule for respective admissions. For detailed information, refer to the Information Brochure for Admission to Undergraduate Technical Courses by DTE Maharashtra.

CAP Admission Process
  • Registration
  • Document verification
  • Filling out the application form
  • Release of merit list
  • Allotment of College(Freeze, Slide, Float)
  • Report to College along with DTE allotment letter, original documents and prescribed fees for Actual Admission
Documents Required

Candidates must submit the following self-attested documents (Original + 2 Sets of Photocopies) along with the application form:

  • DTE Registration Letter
  • DTE Allotment Letter (for CAP)
  • Entrance Exam Score Card
  • SSC (Std. X) Mark sheet
  • HSC (Std. XII) Mark sheet
  • Diploma Mark Sheet/Certificate (if applicable)
  • Provisional Degree (if applicable)
  • College Leaving Certificate / Transfer Certificate
  • Eligibility Certificate (for candidates from outside Maharashtra)
  • Domicile Certificate
  • Nationality Certificate
  • Enrolment Form
  • Any other document mentioned as per DTE
  • PAN Card & Aadhar Card Photocopy
  • Bank Passbook Photocopy (Aadhar linked A/C Number)

Technical Skills that you will learn

  • Business Strategy Development
  • Family Business Governance
  • Succession Planning
  • Conflict Resolution
  • Financial Management
  • Leadership and Team Management
  • Strategic Innovation
  • Change Management
  • Legal and Ethical Considerations
  • Digital Transformation Tools

Careers

Job Opportunities

Graduates of the MBA (Family Business) program can pursue various career paths, including:

Entry Level:
  • Family Business Manager
  • Business Development Executive
  • Operations Coordinator
Mid Level:
  • Family Business Consultant
  • General Manager
  • Strategic Advisor
Senior Level:
  • CEO of Family Business
  • Director of Operations
  • Business Development Director
Further Studies Options
  • PhD (Doctor of Philosophy) in Family Business or related fields.
  • MBA (Master of Business Administration) with a focus on Advanced Family Business Strategies.
  • Post-doctoral Research in specialised topics related to family business dynamics.
  • Specialised Certifications: Eg: Certified Family Business Advisor.

FAQs

What does the course cover?

The MBA in Family Business covers essential aspects such as family business governance, succession planning, strategic management, conflict resolution, and innovation. The course is designed to address the unique challenges faced by family-run businesses and includes practical projects, case studies, and interaction with industry experts.

The starting salary for MBA graduates in Family Business varies widely based on experience and role but typically ranges from ₹4.0 to ₹12.0 lakh per annum in India. Graduates working in senior roles or in large family businesses can expect higher salaries.

Key skills developed include family business governance, succession planning, strategic management, financial oversight, leadership, conflict resolution, and innovation. Students also gain expertise in navigating family dynamics and implementing business strategies effectively.

Eligibility criteria typically include a bachelor’s degree with a minimum of 50% from a recognised university, relevant work experience (preferable but not always compulsory), and a satisfactory score on an entrance test such as CAT/MAT/GMAT or equivalent.

Career opportunities include roles such as Family Business Manager, Business Development Executive, General Manager, Family Business Consultant, and strategic advisory positions. Graduates can work in various family-owned enterprises or set up their own ventures.

The MBA course is assessed through a combination of examinations, project work, case studies, presentations, and internships. Continuous assessment methods are employed to evaluate both theoretical knowledge and practical application.

Beneficial certifications include Certified Family Business Advisor, Certified Business Succession Planner, and certifications in advanced business management and governance. These certifications can increase career opportunities and expertise in managing family businesses.

Skills that lead to higher-paying jobs include advanced strategic management, effective governance, successful succession planning, and expertise in family business dynamics. Leadership skills and the ability to drive innovation are particularly valued in senior roles.
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