Post Graduate Program in Family Managed Business [PGPFMB] From SP Jain (SPJIMR), Mumbai

The potential candidate for the PGPFMB program will need to fulfill the following criteria:

• The applicant must have passed an undergraduate program from a certified/recognized University.
• The applicant must be a member of a family-managed business (at least second generation) with a significant stake in the business.
• The applicant must be interested in carrying on the legacy of his family business.
• The applicant must have a senior-generation mentor from the family.

Application process

The participant will need to apply online and pay the application processing fee either through net banking, debit, or credit card.

The admission process comprises the following;

• Online Aptitude Test
• Interview
• Assessment
• Selection/ Rejection.

The online aptitude test measures the candidate’s suitability for the program based on the required personality characteristics and aptitude. Considering it is an aptitude test, no prior preparation is required.

Participants will be required to make a brief PowerPoint presentation regarding their business and plans. The process will comprise one or two rounds of interviews with both, the participant and his mentor, to assess the participant’s suitability for the program. The selected participants desirous of joining the program 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 program in the following batch. The institute’s decision in this regard shall be final and binding.

Selection process

Selection of a participant for PGPFMB is based on three parameters – the Candidate, their Business, and the Mentor.

Each parameter comprises further composite criteria to assess the participant’s suitability for the program and their business acumen, the nature of the business and its potential, as well as the mentor’s commitment to the program and its requirements of using the business as a lab.

The total fee for the program is INR 17,05,000 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 installments –

• Registration Fees – INR 1,00,000 / 1,18,000 (with 18% tax) – To be paid at the time of admission
• First Instalment – INR 8,50,000 / 10,03,000 (with 18% tax) – To be paid as per the date informed, before the start of the batch
• Second Instalment – INR 7,55,000 / 8,90,900 (with 18% tax) – To be paid three months after the batch start date

Note: Fee payments are not accepted in cash.

The fees can be paid in a lump sum on admission or in installments as mentioned below: