Family Business courses provide students with an understanding of the distinct challenges, opportunities, and practices of a family-owned business. Family Business courses are for individuals who want to establish a new family business or are already working in a family business. The essential subjects for Family Business courses include family business management, market research, social entrepreneurship, leadership, etc.
Family Business courses are offered at certificate, diploma, undergraduate, and postgraduate levels. The duration of a bachelor's degree is three years and two years for a master's degree. Top online platforms offering Family Business courses include Udemy, Coursera, Auro University, etc.
Some popular colleges for Family Business courses include SP Jain (SPJIMR), NMIMS Mumbai, IIM Calcutta, Nirma University, Indian School of Business, etc. The average course fees for Family Business courses usually range between INR 43,000 to INR 15,00,000. Admission to Family Business courses can be secured through merit-based selection or entrance examinations.
Table of Contents
2.1 Certificate Family Business Courses
2.2 Diploma Family Business Courses
2.3 Undergraduate Family Business Courses
2.4 Postgraduate Family Business Courses
4.1 Udemy Family Business Courses
4.2 Coursera Family Business Courses
5.1 Delhi
5.2 Mumbai
5.3 Chennai
What is Family Business?
A family business is a business that is owned, operated, and managed by members of the same family. Family members often hold senior positions, have ownership shares, and actively engage in decision-making processes in a family firm. It is a commercial organisation in which many generations of a family, linked by blood, marriage, or adoption, have the ability to influence the business's vision and the willingness to utilise this authority to pursue separate goals. Family businesses can range in size and industry, from small local businesses to major international corporations.
Types of Family Business Courses
Family Business Courses are available at the undergraduate, postgraduate, and diploma level. Prospective applicants can apply to programs like the Postgraduate degree in Family Business Management, MBA in entrepreneurship and family business, and more.
Certificate Family Business Courses
Certificate Family courses are available at the postgraduate level. The certificate Family Business courses help candidates with relevant undergraduate degrees and experience in the family business. Duration of the certificate Family Business course is generally one year. The top certificate Family Business courses are given in the table below.
| Course Name | Course Provider | Average Course Fees |
|---|---|---|
| PG Diploma in Entrepreneurship and Family Business | IILM University | INR 11,50,000 |
| PG Diploma in Family Business Management | MIDAS School Of Entrepreneurship | INR 12,00,000 |
| PG Diploma Family Managed Business | Auro University, Surat | INR 4,21,000 |
| Executive Diploma in Family Business Management | Loyola Institute of Business Administration - [LIBA], Chennai | INR 95,050 |
Diploma Family Business Courses
Diploma Family Business course is a postgraduate level program designed for candidates with graduation and experience in the field of family business management. The duration of the diploma Family Business course is generally one year. Top diploma Family Business colleges along with their course fees are listed below.
| Course Name | Course Provider | Average Course Fees |
|---|---|---|
| PG Diploma in Entrepreneurship and Family Business | IILM University | INR 11,50,000 |
| PG Diploma in Family Business Management | MIDAS School Of Entrepreneurship | INR 12,00,000 |
| PG Diploma Family Managed Business | Auro University, Surat | INR 4,21,000 |
| Executive Diploma in Family Business Management | Loyola Institute of Business Administration - [LIBA], Chennai | INR 95,050 |
Undergraduate Family Business Courses
BBA in Entrepreneurship and Family Business is a popular undergraduate Family Business course offered by several top institutes. BBA Family Business is a three-year course that helps individuals manage family businesses and work with established organizations. Some of the top colleges offering BBA Family Business with their average course fees are listed below.
| Course Name | Course Provider | Average Course Fees |
|---|---|---|
| BBA Family Business | Jindal Global Business School | INR 13,50,000 |
| BBA Family Business | GLA University | INR 3,79,000 |
| BBA Family Business Management | Chandigarh University | INR 2,58,000 |
| BBA Family Business Management | Manipal University | INR 4,59,000 |
| BBA Entrepreneurship and Family Business | Manav Rachna University | INR 5,92,500 |
Also Check: Top BBA/BBM in Entrepreneurship Colleges in India
Postgraduate Family Business Courses
MBA Family Business is a two-year program that helps the students to understand competition trends and become familiar with organizational change. The list of some top colleges offering MBA Family Business with average course fees is given below.
| Course Name | Course Provider | Average Course Fees |
|---|---|---|
| MBA Entrepreneurship and Family Business | Jamia Millia Islamia | INR 1,30,200 |
| MBA Entrepreneurship and Family Business | Nirma University | INR 8,14,000 |
| MBA Entrepreneurship and Family Business | NMIMS Mumbai | INR 19,12,000 |
| MBA Family Business and Entrepreneurship | UPES, School of Business | INR 7,36,000 |
| MBA Family Business and Entrepreneurship | Hindustan University | INR 4,58,500 |
Also Check: MBA Family Business Management Course
Family Business Courses Eligibility
Candidates must meet the eligibility requirements to get admission to the Family Business course offered by various universities and colleges. The eligibility requirements for family Business courses are mentioned below.
| Certificate and Diploma Family Business Courses Eligibility |
|
| BBA in Family Business Eligibility |
|
| MBA in Family Business Eligibility |
|
Entrance Exams for Family Business Courses
Family Business degree is part of the management stream and is available as a speciality in MBA (or BBA), entry is normally through entrance tests. Some institutes administer their own entrance exams, while others accept national-level MBA entrance exam scores for admission. The following are some of the most common management admission exams:
Online Family Business courses offer a convenient and cost-effective means of enrollment. Udemy, Coursera, and edx are top platforms that offer online Family Business courses. Some of the top online Family Business courses along with their course provider and fee structure, are tabulated below.
| Course Name | Course Provider | Average Course Fees |
|---|---|---|
| Certificate in Family Business and Entrepreneurship | Auro University | INR 1,500 |
| Global PGP for Family Enterprises Management | Great Lakes Institute of Management, Chennai | INR 13,00,000 |
| Certification in Family Businesses, Organization, Strategies, Internationalisation, and Succession | IIM Ahmedabad | INR 12,00,000 |
Family Business Courses on Udemy
Udemy offers several Family Business courses along with downloadable resources and assignments. Udemy Family Business courses are provided at an affordable price with flexible study options. Top Udemy Family Business courses along with their duration and fees are discussed below.
| Course Name | Duration | Average Course Fees |
|---|---|---|
| How to Start and Grow Family Business | 1 hour | INR 649 |
| Modern Business Continuity Management | 2 hours | INR 6,400 |
| The Entrepreneurs Roadmap | 8 hours | INR 8,640 |
Family Business Courses on Coursera
Some of the popular Coursera Family Business courses along with their duration and fees are mentioned below.
| Course Name | Duration | Average Course Fees |
|---|---|---|
| Leadership in the Family Business | 29 hours | INR 2,904 |
| Fundamentals of Entrepreneurship in the Family Business | 23 hours | INR 2,904 |
| Leading a Family Business | 4 months | INR 2,904 |
Top Family Business Colleges in India
The top Family Business colleges in India along with the course provided and course fees are given below.
| College Name | Course Provided | Average Course Fees |
|---|---|---|
| SP Jain (SPJIMR) | Postgraduate Program in Family Managed Business | INR 16,20,000 |
| Jamia Millia Islamia | MBA Entrepreneurship and Family Business | INR 1,30,200 |
| NMIMS Mumbai | MBA Entrepreneurship and Family Business | INR 11,95,000 |
| UPES, School of Business, Dehradun | MBA Family Business and Entrepreneurship | INR 15,21,000 |
| All India Management Association | PGCM in Entrepreneurship and Family Business | INR 62,000 |
| IIM Rohtak | PGP in Family Business | INR 1,40,000 |
| ISB Hyderabad | PGPM Family Business | INR 41,97,600 |
Also Check: Top MBA/PGDM Colleges in India
Family Business Courses in Delhi
Several colleges in Delhi offer Family Business courses such as MBA, BBA, and PGDM. Some top colleges for Family Business courses in Delhi along with their fee structure are tabulated below.
| College Name | Course Provided | Average Course Fees |
|---|---|---|
| Jamia Millia Islamia | MBA Entrepreneurship and Family Business | INR 1,30,200 |
| DSB - Delhi School of Business | PGDM In Family Business | INR 9,00,000 |
| All India Management Association, Delhi | PGCM in Entrepreneurship and Family Business | INR 62,000 |
Family Business Courses in Mumbai
SP Jain Institute of Management and Research (SPJIMR) is one of the best colleges for Family Business courses in Mumbai. SPJIMR offers an advanced course curriculum. Popular colleges for Family Business courses in Mumbai are listed in the table below.
| College Name | Course Provided | Average Course Fees |
|---|---|---|
| MIDAS School Of Entrepreneurship | Postgraduate Diploma in Family Business Management | INR 12,00,000 |
| NMIMS Mumbai | MBA Entrepreneurship and Family Business | INR 19,12,000 |
| SP Jain (SPJIMR) | Postgraduate Program in Family Managed Business | INR 17,00,000 |
Family Business Courses in Chennai
The Top colleges for family Business courses in Chennai with their fees are given in the table below.
| College Name | Course Provided | Average Course Fees |
|---|---|---|
| Great Lakes Institute of Management, Chennai | Global PGP for Family Enterprise Management | INR 13,00,000 |
| Hindustan University | MBA Family Business and Entrepreneurship | INR 4,58,500 |
| Loyola Institute of Business Administration - [LIBA] | Executive Diploma in Family Business Management | INR 1,11,000 |
Family Business Courses Syllabus
The syllabus for Family Business courses may be different for different institutes, and course levels. Some of the essential topics generally covered in Family Business courses are listed in the table below.
| Management Foundations | Business Laws |
| Business Environment | Sales and Distribution Management |
| Family Business Management Introduction | Basic Mathematics |
| Business Plan Preparation | Marketing Management |
| Managerial Economics | Human Resources Management |
| Social Entrepreneurship | Cost and Management Accounting |
| Design Thinking and Innovation | Understanding Entrepreneurship |
See Also: BBA Entrepreneurship: Syllabus
- People today are more willing to start their enterprises, invest in startups, or grow their family businesses, the scope of the Family Business Management course has been expanded significantly.
- Some of the top job roles offered after pursuing Family Business courses are business administrator, business manager, business consultant, accounts manager, etc.
- Top recruiters for the Family Business courses are Deloitte, KPMG, Mahindra, Hindustan Unilever, Airtel, etc.
- The average salary of family business management graduate ranges between INR 13,00,000 to INR 20,90,000.
Family Business Courses Career Options
Family Business courses offer plenty of employment opportunities and a good income. The different job profiles candidates can choose after completing Family Business courses are listed below, along with job descriptions and average annual salary.
| Job Role | Job Description | Average Salary |
|---|---|---|
| Business Consultant | Works on the business projects of the clients and helps to achieve their goals. | INR 2 – 23 LPA |
| Business Administrator | Responsible for taking care of daily activities, meetings with staff, and hiring staff of an organization. | INR 3 – 13 LPA |
| Accounts Manager | Deals with all affairs of customers and works with corporate executives and stakeholders for generating sales reports. | INR 2.4 – 15 LPA |
| Human Resource Manager | Responsible for hiring, interviewing, benefits, leaves, and looking after all the daily activities of an organization. | INR 2.8 – 18 LPA |
Family Business Courses: FAQs
Ques. 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.
Ques. What are the job profiles offered to MBA in Family Businesses?
Ans. The top job profiles offered to MBA Family Businesses are Business Consultants, Business Reporters, Accounts Managers, and Business Administrators.
Ques. Which MBA course is best for Family Business?
Ans. Indian School of Business, IIM Calcutta, IIM Bangalore, SPJIMR, etc are some of the top colleges offering the best MBA in Family Business.
Ques. What are the skills required for Family Business courses?
Ans. Some of the top skills required for Family Business courses are given below:
- Organizational skills
- Business Aptitude
- Team Management
- Communication Skills
- Critical Thinking
Ques. 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.
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