https://family-business.nmims.edu/

Duration

5 Years

Intake

60

Institute

PDSE & FBM

Total Trimester

09

ELIGIBILITY


Please refer to the details in the handout document.

SELECTION PROCESS

Written Test & Personal Interview

Program Introduction

This program is a uniquely designed 5 years program after 12th class aiming at balancing thoughts, experimentation, and action with logical reasoning, analysis, and fundamentals of business. The focus will remain on nurturing students with an Entrepreneurial mindset and thought-provoking leadership. The pedagogy used in 5 years will be a combination of classroom learning by experienced faculty, guest sessions by domain experts, sector-specific projects, technology-based exercises, off-classroom grooming, experiential learning, and international exposure. Two degrees will be awarded on successful completion of the 5-year program. Degrees awarded – BBA (E&FB), MBA (E&FB) at the end of 5 years.

Exit Option After 3 years

Program Highlights:
  • Powerful Family Business Network: Join a strong community of 6,000+ family business heirs, building trusted business relationships that last a lifetime.
  • Entrepreneurial Edge: A program built to enhance entrepreneurial thinking, giving next-gen business leaders a competitive advantage in scaling and transforming ventures.
  • Learning by Doing: Real-world projects, internships, and business immersion ensure students apply their learning directly to family enterprises or new ventures.
  • Designed for Family Businesses: A curriculum crafted specifically for family-run enterprises, ensuring relevance, continuity, and practical impact
  • Advantage Mumbai: Located in the country’s commercial capital, students engage with top industry experts, entrepreneurs, and business leaders.
  • Future Job Creators: Graduates emerge ready to innovate, lead, and expand ventures — contributing to India’s growing entrepreneurial ecosystem.
  • Global Pathways: Our talented students are accepted into world-class universities such as Babson, Imperial College London, University of Bath, University of Waterloo, Warwick, and Singapore Management University, reflecting strong global recognition.
Program Objectives:
  • Understand global business environments and learn how culture, economics, and policy shape opportunities for family businesses and new ventures.
  • Learn to think critically, solve real business problems, and create innovative solutions for entrepreneurial and family business contexts.
  • Leverage modern digital tools and technology to drive efficiency, growth, and competitive advantage.
  • Build strong communication, leadership, and sustainability mindsets for leading teams, engaging stakeholders, and scaling responsible businesses.
Pedagogy

Program adopts unique pedagogy that serves as a differentiator from any other undergraduate program (nationally / internationally) and brings in the desired learning outcome for the incumbents. These unique pedagogical tools lead to the broadening of horizons and help the students to think differently, and more creatively which is quite desirable as business heirs. Pedagogical tools in the program range from enhanced student engagements in class through live projects, a fine balance between theory and practice, relevant course design (as per family business requirements), an appropriate ratio of academicians and practitioners delivering the courses; national and international industrial visits which adds to learners’ experiences and value addition is immense.

On-field experience – including educational visits – National and International Linkages
  • Access to real company situations.
  • Understanding Processes, Design existing national and Internationally.
  • World Class Business Practices (Through International Visits).
  • Learning from global environment.
  • Understanding business culture and etiquette.
  • Understanding international markets.
Parent series inviting Guest – Speakers who are Practising and managing Family Business challenges
  • Visibility as a practicing professional.
  • Demonstrate professional work habits.
  • Enhance career marketability and direction.
  • Their experience open new thinking process.
  • Sharing existing leadership styles which are not covered in any books and management strategies.
  • Sharing family run businesses and issues of concerns.
  • Family culture and business culture existing.
Out bound learnings in an open environment – Team dynamics skill building
  • Work effectively in groups.
  • Develop a plan of action in team settings.
  • Leadership skills.
  • Delegation issues.
  • Leading change and creative thinking.
  • Trusting others and respecting their view points.
Enhances Classroom Learning
  • Application of critical thinking; descriptive and creative logic.
  • Adapt to complex uncertain environments.
  • Using different networking models to enhance within business deals.
  • Aggressive networking between Alumni.
Initiatives outside classroom teaching
  • Pioneer Garage: It’s a unique student-driven activity. New Ideas/concept notes/ business plans are presented, debated, and discussed. Nearly 13% new business initiatives come out of “Pioneer Garage”. The sessions are facilitated by Director and subject experts from related Industries.
  • Events: Membership of various Associations and networking sites, In-house activities run by CII-YI net.
  • Inspirus is our flagship mega event: An annual event attended by 100 entrepreneurs. Current topics impacting business or having future effects are deliberated.