Post Graduate Programme in Family Managed Business

(1). About the Course

PGP in Family Business Management is a 2-year postgraduate control diploma software that allows college students to transition their family-run corporations into professionally controlled enterprises. PGP Family Business Management college students are organized to realize the dynamics of competition in addition to organizational transformation because of globalization, restructuring, and modernization. The Family Business Management Course is created for folks that need to be a member of their family-owned enterprise and would love to develop, diversify, and manipulate it.

The minimal eligibility standards for admissions on this path are a degree of BBA, B.Com, or B.Sc. from a recognized university with minimum aggregate marks of 50%. PGP Family Business Management's average course fee ranges from INR 1,00,000-15,00,000 per annum for PGP Family Business Management. Graduates of this course can bag an initial high package ranging from INR 12,00,000-16,00,000 in any leading MNC.

Candidates after completing PGP Family business management can work as a business administrator, assistant manager, accounts manager, etc. With more managerial skills, they can also successfully run a family business after completing PGDM.

Course Highlights

Given below are a few of the important highlights of the PGP in Family Managed Business program:

Particular	Value
Course Name	Post Graduate Program in Family Business Management
Course Level	Postgraduate
Course Duration	2 years
Eligibility Criteria	Graduation degree with a minimum of 50% from a recognized university
Entrance Exams	CAT, MAT, GMAT, CMAT, XAT, NMAT
Examination type	Semester based
Admission Process	Entrance/ Merit-based
Average Annual Fee	Rs. 30,000-15,00,000
Average Annual Salary	INR 12,00,000-16,00,000
Job profiles	Entrepreneur, Business Administrator, Entrepreneur, Account Manager, Human Resource Manager, Assistant Manager, etc.
Top recruiters	Deloitte, IndusInd Bank, KPMG, Ernst & Young, Hindustan Unilever Ltd, Amazon, Airtel, Vodafone, Whirlpool

Why study PGP Family Business Management?

(ii). It guides candidates to explore the many facets of business continuity, plan the succession of business, opportunity, failure and risk analysis, taxes, and finances.

(iii). It prepares candidates to strike a balance between theoretical and practical knowledge

(iv). It enables students to pursue new avenues for applying the skills thus learned.

(v). PGP Family Business Management acts as a springboard for those already in executive or managerial positions to plunge into the family business. Whether the business is big or small, the students are taught to manage it efficiently.

(2). Admission Process

Individuals should apply to the institutions of higher learning at which they wish to pursue a PGP in Family Business Management. To get admitted, they should have a high-grade factor on their very last assessments and fulfill the desired percent criteria. Students must test the cutoff rating earlier than enrolling in a university and finishing all required documentation. Candidates also can affirm their eligibility with the aid of using traveling to the institute's authentic website, filling out the web software form, and filing the desired documents.

Types of PGP in Family-Managed Business Courses

Aspirants can pursue the PGP in Family Managed Business path in the full-time, part-time mode and Distance modes. Below are the varieties of PGP in Family Managed Business publications in detail:

(1). Distance

PGP in Family Managed Business Distance learning is provided by lots of institutions and colleges in India and like full-time, it is for 2-4 years. This course is for students for whom it is unaffordable to attend classes on campus or who are working full-time and are unable to devote the time necessary to complete a full-time course.

(2). Full-Time

The full-time PGP in Family Managed Business duration is of 2 years, during which students attend classes in person, submit assignments, and write their exams on-campus.

(3). Part-Time

The part-time PGP in Family Managed Business course is for 2-4 years and is designed for students who cannot attend regular classes. Part-time courses either occur at weekends or at night, depending on the type of course.

Eligibility Criteria

Those inquisitive about pursuing a PGP in Family Business Management need to meet sure criteria. Admission to the PGP in Family Business Management program calls for that scholar to fulfill the subsequent criteria:

(ii). Applicants ought to have scored nicely on the required to get the right of entry to examinations and met all unique conditions.

(iii). There are not any age barriers for the PGP in Family Business Management program.

(iv). Work entertainment is pretty recommended, even though it isn't always compulsory.

Admission Process

Here are the details regarding the process of admission to the PGP in Family Managed Business course.

(ii). The candidates need to appear for PGDM the entrance exams which incorporate CAT, MAT, XAT,  IPMAT etc. Some private colleges have seats reserved under the management quota for which direct admissions are conducted.

(iii). The candidates who qualify for the cutoff of the college are shortlisted for selection. Shortlisted candidates are then called for a GD/PI round of the institute.

(iv). Final admissions are granted primarily based totally on the general overall performance of the candidates.

Accepted Entrance Exam

Listed below are some of the PGP Family Business Management Entrance exams are as:

CAT	MAT	SNAP
IIFT	IBSAT	CMAT
MAH CET	NMAT	ATMA
XAT	TISSNET	TANCET

Skills Required

The central factors of conventional PGP programs are the improvement of managerial skills, expertise in organizational culture, communications systems, and collaboration. Each enterprise calls for a unique set of skills. In this sector, each difficult and tender competencies are especially important, and additionally being capable of taking care of complaint at the same time as being honest let you thrive. Some of the skills required for a PGP in Family Business Management include:

Strategic mindset	Time Management
Communication Skills	Business and Management Interest
Leadership Skills	Decision-making Skills
Critical Thinking	Analytical Skills
Professional Behavior	Entrepreneurial Skills
Interpersonal Skills	Collaborative Work Approach
Project Management	Motivating
Dedication

Fee Structure

The average PGP in Family Managed Business fees in India is around INR 1,00,000-15,00,000 PA.

Name of College	Average Fee
Dr. DY Patil Institute of Management and Research, Pune	INR 1,30,000
Royal Global University, Guwahati	INR 2,47,000
Sona School of Management, Salem	INR 41,000
Sandip Institute of Technology and Research, Nashik	INR 1,50,00
Galgotia University of Business, Greater Noida	INR 1,59,000

Selection Criteria

The selection process for PGP in Family Managed Businesses in India is largely similar, regardless of the subspecialty. In many circumstances, universities make their very last choice of applicants primarily based totally on their admission examination rankings after receiving a utility for a program. Furthermore, the instructional achievements of the applicants in the course of their undergraduate tiers have an enormous impact.

(3). Course Comparison

PGP in Family Managed Business v/s PGD in International Business Analytics

The table below showcases the differences between PGP in Family Managed Business and PGD in International Business Analytics:

Parameter	PGP in Family-Managed Business	PGD in International Business Analytics
Course Name	Post Graduate Program in Family Managed Business	Post Graduate Diploma in Management in International Business Analytics
Course Overview	PGP in Family Business Management is a 2-year postgraduate control diploma software that allows college students to transition their family-run corporations into professionally controlled enterprises.	PGD in International Business Analytics is a two-year control path that objectives a hastily developing zone of enterprise analytics. It is associated with the statistics analytics subject and entails the examination of topics concerned in the theorems, applications, technologies, and techniques hired inside the evaluation of information to derive business-associated insights.
Course Duration	2 years	2 years
Eligibility Criteria	Graduation degree with a minimum of 50% from a recognized university	Graduation from any stream from a recognized university
Admission Process	Merit-Based/Entrance Exam	Merit-Based/Entrance Exam
Course Stream	Family Business	Business Analytics
Entrance Exams	MAT, XAT, SNAP	CAT, MAT, CMAT, SNAP
Average Fees	INR 30,000-15,00,000	INR 3,00,000-12,00,000
Top Colleges	Dr. DY Patil Institute of Management and Research(Pune), Royal Global University(Guwahati), Sona School of Management(Salem), Sandip Institute of Technology and Research(Nashik)	Welingkar, IFIM Business School, NMIMS, LBSIM, ITM Business School

Read More: PGD in International Business Analytics

(4). Top Colleges

Here are some of the top colleges which offer PGP Family Business Management:

Name of College	Average Annual Fee(INR)
Hindustan University, New Delhi	INR 4,58,500
Auro University, Surat	INR 4,21,000
Loyola Institute of Business Administration, Chennai	INR 95,050
NMIMS, Mumbai	INR 19,12,000
University of Technology, Jaipur	INR 90,000
Shri RamSwaroop Memorial Institute, Lucknow	INR 1,32,000
Amity University, Mumbai	INR 5,15,000
Institute of Business Management and Research, Pune	INR 80,000
Parul University, Vadodara	INR 90,000
Chandigarh University, Chandigarh	INR 2,58,000
Jamia Millia Islamia, Delhi	INR 1,30,200
Manipal University, Jaipur	INR 4,59,000
Manav Rachna University, Delhi NCR	INR 5,92,500
MIDAS School of Entrepreneurship, Pune	INR 12,00,000

(5). Job & Placements

For the ones who've studied their own circle of family enterprise control course, there are numerous work potentialities available. This assists in organizing one's personal enterprise or strolling a longtime own circle of family enterprise. After they graduate, they're additionally given managerial positions.

Job Profile

Family Business courses offer plenty of employment opportunities and a good income. The unique task profiles applicants can pick out after finishing Family Business publications are indexed below, in conjunction with task descriptions:

Job Profile	Job Description
Account Manager	A money-owed supervisor looks after all of the books of account and keeps adapting with the customers and acts as a hyperlink between the customer and the employer.
Business Consultant	A commercial enterprise representative is engaged in strategic making plans and problem-solving. He/She offers all of the demanding situations of the commercial enterprise and springs up with a solution. He/She oversees all of the regions of weak points and attempts to enhance them and create a possibility for the business.
Entrepreneur	An entrepreneur is someone who establishes his personal enterprise and through combining various factors of manufacturing creates his personal enterprise. It bears all of the risks, profits, and losses for my part and takes all of the business-associated decisions.
Business Administrator	A Business Administrator handles and administers all of the everyday operations of the enterprise and guarantees that the organization's dreams are met inside the only green way and makes positive that productiveness increases.
Human Resource Manager	A Human Resource Manager guarantees that the proper character is employed in the proper vicinity for the proper job. It makes positive that there's no or very much less worker turnover and that there are pleasant surroundings inside the corporation to work. It additionally looks after the repayment of the personnel and guarantees truthful pay to them.

Top Recruiters

Listed below some of the top recruiters for PGP in the Family Business Management Course are:

Deloitte	IndusInd Bank
Ernst & Young	Hindustan Unilever Ltd.
Airtel	Vodafone
KPMG	Whirlpool
Amazon

Average Salary

The common earnings presented to humans who have a diploma in Family Business Management Course relies upon numerous elements which include task degree within the organization, competencies possessed, years of experience, qualifications, and different things. The common earnings supplied according to month on the access degree are given below:

Job Role	Average Annual Fee(INR)
Business Consultant	Rs. 2,00,000-3,00,000
Accounts Manager	Rs. 3,50,000-4,50,000
Business Administrator	Rs. 3,00,000-4,00,000
Human Resource Manager	Rs. 2,50,000-3,50,000

(6). Career/Scope

Candidates who've pursued the Family Business Management Course can step into the startup world, begin their very own enterprise, or come to be proprietors in their own circle of family enterprise and extend them. Family-owned agencies make contributions a lot to the Gross Domestic Product of America like Reliance, TATA, etc.

Apart from this humans also can search for task possibilities in numerous MNCs and different corporations on the managerial degree which include Finance Manager, Business Administration Researcher, Human Resource Manager, Research and Development Manager, Business Consultant, Information Systems Manager, Marketing Manager, Employment Areas, Business Administrator, Accounts Manager, etc.

Career options after PGP in Family Business Management

After completing a Post Graduate Program in Family Managed Business (FMB) in India, you have several career options available to you. Here are a few possibilities:

(i). Joining the Family Business
(ii). Entrepreneurship
(iii). Consulting
(iv). Business Development
(v). Finance and Investment
(vi). Academic or Research Positions
(vii). Non-Profit and Philanthropic Organizations

Scope for Higher Education

There also are positive better look at alternatives to be had for graduate students after a PGP in Business Management, which can help them better understand the subject. Also, gaining extra training can assist college students to replace their abilities and additionally offer professional growth. Listed underneath are a number of the better schooling alternatives to be had for students:

(i). Ph.D. in Management
(ii). Certification in Risk Management Assurance
(iii).Certified in Production and Inventory Management
(iv). MBA in International Business
(v). CFA

Skills that make you the Best PGP in Business Management Graduate

The PGP in Business Management course aims to build a solid grounding in management disciplines as well as strong analytical skills to compete globally. This course will help students to learn and increase their knowledge of organizational behavior and psychology for tackling real-world business problems. Must have skills are:

(i). Approachable
(ii). Analytical
(iii). Strategic
(iv). Resourceful
(v). A Good Communicator
(vi). A Multitasker?

(7). FAQs

(1). What is a Family Business course?

Ans. The Family Business course helps individuals who want to manage their family business. The Family Business course also prepares for managerial positions in the business.

(2). What is the PGP in Family Business program?

Ans. PGP in Family Business Management is a two-year postgraduate management degree program that helps students transition their family-run businesses into professionally managed enterprises.

(3). What is the admission process for PGP in Family Business?

Ans. The admission procedure for PGP in a Family Business direction is equal to everyday PGP, i.e. shortlisting on the basis of an entrance exam followed by group discussion and personal interview.

(4). What is the Duration of the Course PGP in Family Business Management?

Ans. The complete duration of the course is two years

(5). What are the top Family Business courses?

Ans. Top Family Business courses are MBA - Entrepreneurship & Family Business, BBA - Entrepreneurship & Family Business, and PG Certificate in Family Business.

(6). What are the skills required for Family Business courses?

Ans. Some of the top skills required for Family Business courses are given below:

(i). Team Management
(ii). Communication Skills
(iii). Critical Thinking
(iv). Organizational skills
(v). Business Aptitude

(7). What are the eligibility criteria for PGP in Family Business?

Ans. Eligibility criteria for PGP in Family Business are graduation in any stream with 50 percent aggregate or equivalent (45 percent for SC/ST candidates) from a recognized university.  The mode of education can be full-time, part-time, or distance learning.

(8). What are the attractive Salary Packages that One can Expect After the Course Completion?

Ans. Skilled professionals can bag an attractive salary package ranging from Rs 5,00,000-10,00,000.

(9). What are the job profiles offered to PGP in Family Businesses?

Ans. The top job profiles offered to PGP Family Businesses are Business Consultants, Business Reporters, Accounts Managers, and Business Administrators.

(10). Can I pursue a management course in Family Business online?

Ans. Yes, management courses in Family Business are available online as well as part-time and distance learning modes.