Family Business Management is a general management program that is designed for individuals who aspire to work in family business and also for those young business leaders of family businesses who intend to manage their business. The main objectives of Family Business Management are to explore the factors contributing to their huge turnover and success, Role of women in business, Succession planning and Sustaining Entrepreneurship of Family-Owned Business, Challenges and Strategies etc. This Program is designed:
- To implement workable ownership and leadership transfer,
- To determine appropriate key executive compensation and business structure,
- To analyze management and succession planning needs, and
- To establish effective shareholder communication.
- MBA (Family Business & Entrepreneurship) with specialization in Entrepreneurship
- MBA (Family Business & Entrepreneurship) with specialization in Family Business Management.
I. For Under Graduate Courses-
For getting an admission into UG courses applying candidates need to be completed their 10+2 or equivalent examination from Central Board / State Board with minimum 60% marks. Program duration for UG courses is 2 years.
II. For Post Graduate Courses-
i) For getting an admission into Post Graduate courses applying candidates must have a degree in any discipline with at least 50% marks from a recognized Institute. Program duration for PG courses is 2 years.
ii) Also Candidates need to get a good score in the following entrance exam-
Top 5 colleges for Family Business Management in India:
|Name of the College||Contact Details||Website|
|IIM-Ahmedabad||Vastrapur, Ahmedabad 380015, Gujarat.Phone: +91-79-66323456 / 26308357||www.iimahd.ernet.in|
|IIM-Bangalore||Bannerghatta Road, Bilekahalli, Bangalore, Karnataka 560076Phone: 080 2658 2450||www.iimb.ernet.in|
|IIM-Calcutta||Diamond Harbour Road, Joka, Kolkata, West Bengal 700104, Joka, Kolkata, West Bengal 700139Phone: 033 2467 8300||www.iimcal.ac.in|
|FMS Delhi||Malkaganj Marg, University Enclave, New Delhi, Delhi 110007Phone: 011 2766 6382||www.fms.edu|
|IIM-Lucknow||Off Sitapur Road, Prabandh Nagar, Sitapur, Lucknow, Uttar Pradesh 226013Phone: 0522 273 4101||www.iiml.ac.in|
Career Prospects with Remuneration:
After completing graduation in Family Business Management program, one can easily join in a private or public organization. Students will be able to work as a :
- Successful Entrepreneur
- Effective Family Business Owner-Manager
- Socially responsible businessperson etc.
Some Popular Job Profiles in this field are-
• Administrative Assistant
• Business Process Analyst
• Management Consultant
• Business Development Manager
• Senior Business Analyst
I. In private companies or organizations those who will join as Fresher can earn between Rs. 10,000- 30,000 per month.
II. Those people having experience can earn 3 lacs – 5 lacs per annum.
III. Senior professionals in this field who have better experience, knowledge and skill in this field their salary will be 50,000 – 60,000 per month.
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