course overview
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MEDIUM OF INSTRUCTIONS
English
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MODE OF LEARNINGSelf study, Virtual Classroom
- Campus Based/Physical Classroom
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MODE OF DELIVERY
Video and Text Based
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SPJIMR’s Post Graduate Programme in Family Managed Business (PGP-FMB) is the pioneer in post-graduate family managed business programmes in India.
Conceived and launched in 1997, the programme has grown in strength, with 34 batches already having gone through the programme. A 4000+ strong and growing alumni base, from diverse industries and locations ranging across India, Nepal, Dubai and Hong Kong, stand testimony to the appeal and reach of this unique programme.
The programme is designed to groom new entrants to family businesses in India and Asia to enable organic growth for self and their family business. It helps to preserve and nurture the legacy of the earlier generations and leave your own indelible mark in your family business for years to come. Among the best family business management courses in India, the program is the perfect vehicle to discover own strengths, as well as those of the family business.
Programme Highlights
- Experiential course aimed at ‘Learning by Doing’
- Application based courses specific to family businesses- ‘ Business Improvement Project’ and ‘Business and Role Plan’
- ‘Family Dynamics’ – To understand and work closely with family in own business
- ‘Leadership Lab’- Outbound activity and experiential learning
- Non-classroom activities- ‘Samagam’, ‘Consulting Competition’, ‘Family Fridays’, ‘Industry in Classroom’ and ‘Addas’
- Opportunity to learn from diverse sources- faculty, industry experts, alumni, mentors and peers
- Unique ‘Mentor Mentee Meets’ – To bridge and transfer experience and knowledge from older to younger generation
- Customised electives- Manufacturing, Service, Retail, Real Estate and Infrastructure
- Option to learn about allied industry verticals through MAJOR and MINOR electives
- Domestic Industrial Visits and optional Foreign Industrial Visits based on electives
- A 2-week immersion in an entrepreneurship Bootcamp at the World’s top Institute for Entrepreneurship, Babson in Boston, USA, together with peers from top-ranked global business schools and other institutions from more than 30 countries will help you evolve as a global citizen.
Fee Structure
The total fees for the programme is INR 17.05 lacs plus 18% GST, excluding hostel, domestic and international travel and any other incidental expenses. The fees can be paid in a lump sum on admission or in instalments as mentioned below:
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Amount in INR
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Amount in INR with 18% GST
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Registration Fees
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85,000
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1,00,300
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First Instalment
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6,80,000
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8,02,400
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Second Instalment
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6,80,000
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8,02,400
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Third Instalment
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2,60,000
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3,06,800
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Total Tuition Fees
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17,05,000
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20,11,900
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Hostel Fees*
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1,00,000
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- The hostel facility is available for participants, subject to availability.
- Fee payments are not accepted in cash.
contact details
Centre for Family Managed Business
S. P. Jain Institute of Management & Research,
Inside Bhavan's College Campus,
Munshi Nagar, Dadabhai Road,
Andheri West, Mumbai - 400 058,
India.
Contact Number : 022-61454307 / 022-61454359
(Contact Time : Mon-Fri: 9:00 am to 5:00 pm)
Email id : fmbadmissions@spjimr.org
Eligibility Criteria
The potential candidate for the PGP-FMB programme will need to fulfill the following criteria:
- Has passed an undergraduate programme from a certified/recognised University
- Has to be at least a second generation member of a family managed business in which he/she would inherit ownership stake.
- Has preferably at least one year experience in the family business (could be alongside pursuing his/her studies)
- Has business acumen and knowledge
- Has a mentor who is willing to spend time as per programme requirements.
- Has a business of a certain size
- e would inherit ownership stake.
- Has preferably at least one year experience in the family business (could be alongside pursuing his/her studies)
- Has business acumen and knowledge
- Has a mentor who is willing to spend time as per programme requirements.
- Has a business of a certain size
Who can be a Mentor?
A mentor should be preferably:
- A senior family member (not necessarily the father) involved actively in the business.
- He/she should be willing to mentor the participant through the course.
- He/she should be willing to commit to the use of the family business as the test bed for course projects.
Admission Process
The participant will need to apply online and pay the application processing fee either through Net banking, debit card or credit card. He/she can select a date for the interview process from the pre-determined interview schedule.
The admission process comprises of the following rounds:
- The online aptitude test is a Psychometric Test which measures the candidate’s suitability for the program based on the required personality characteristics and aptitude (or cognitive abilities). The duration of the test is 45 minutes and it requires no prior preparation.
- Participants will be required to make a brief PowerPoint presentation (of about 20 minutes) regarding their business and future plans. The process will comprise of one/two round of interviews with both the participant and his mentor, to assess the participant’s suitability for the programme.
- Selected participants desirous of joining the programme will have to pay the fees as per the fee schedule. If for some reason, the participant is unable to join the given batch, he/she may indicate the decision to join the programme in the following batch. The Institute’s decision in this regard shall be final and binding.
Selection Process
Selection of a participant for PGP-FMB is based on assessment of three parameters:
Each parameter comprises of further composite criteria to assess the participant’s suitability for the programme and his/her business acumen, the nature of the business and its potential, as also the mentor’s commitment to the program and its requirements of using the business as a lab.
