PGPFMB frequently asked questions (FAQs)

Explore FAQs to learn more about applications, eligibility, alumni, and other key details of the PGPFMB.

  • What are the eligibility requirements to apply for the PGPFMB programme at SPJIMR?

    To be eligible for the SPJIMR’s Post Graduate Programme in Family Managed Business (PGPFMB), an applicant must meet the following criteria:

    • Academic background: Hold an undergraduate degree from a certified and recognised university.
    • Business background: Be at least a second-generation member of a family-managed business.
    • Mentorship commitment: Have a designated mentor who is a family member from a senior generation. This mentor must be committed to guiding the student throughout the course and willing to allow the family business to be used as a practical testbed for course projects.

  • What will be the programme fees?

    The total fee for the programme is ₹19,98,000 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 instalments –

    • Registration fees – ₹ 2,25,000 / 2,65,500 (with 18% tax) – To be paid at the time of admission
    • First instalment – ₹ 9,50,000 / 11,21,000 (with 18% tax) – To be paid as per the date informed, before the start of the batch
    • Second instalment – ₹ 8,23,000 / 9,71,140 (with 18% tax) – To be paid three months after the batch start date

    Note: Fee payments are not accepted in cash.

  • Is it a residential programme?

    PGPFMB is a modular programme. Students have to reside at the SPJIMR Mumbai campus for one week each month.  

  • Is it necessary to have work experience to apply for the programme?

    Work experience is preferred but not mandatory for applying to the PGPFMB programme at SPJIMR. 

  • What is the total intake of the programme?

    The programme has a total intake of up to 250 students a year.

  • Which entrance scores does the programme accept?

    Not applicable for the PGPFMB programme at SPJIMR.

  • Do I need to indicate an area of specialisation while applying for the programme?

    No. You do not need to indicate a specialisation when applying for the PGPFMB programme at SPJIMR.

  • Can we apply for more than one specialisation?

    Yes. You can opt for a minor elective in phase II and a major elective in phase III of the programme. You may also opt for an additional minor elective

  • How does opting for two specialisations benefit me?

    Participants in the PGPFMB typically have business interests in multiple industry verticals. The provision to choose two specialisations helps participants to focus on their primary industry vertical, even as they gather knowledge regarding both current and potential minor business interests.

  • Am I allowed to change my specialisation once I join the PGPFMB programme?

    You will have sufficient time to decide on the specialisations to choose. Once you have opted for an elective and classes have commenced, you will not be allowed to change the specialisations.

  • When does the application process begin every year?

    The Post Graduate Programme in Family Managed Business (PGPFMB) follows a rolling admissions process. Hence, we accept applications year-round.

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  • When is the last date to submit the form?

    Not applicable. The Post Graduate Programme in Family Managed Business (PGPFMB) follows a rolling admissions process. Hence, we accept applications year-round.

  • Can I submit the form without the CAT percentiles or GMAT scores?

    Yes. SPJIMR’s PGPFMB programme does not require a CAT or GMAT score.

  • Do I need to send my GMAT scorecard or score report to SPJIMR?

    No. SPJIMR’s PGPFMB programme does not require a CAT or GMAT score

  • How do I pay my application fees?

    Online mode of payment.

  • During online payment, the amount was deducted from my bank account, but the transaction ID was not generated, so I am unable to submit the form. What should I do?

    Email your query to fmbadmissions@spjimr.org and wait for the PGPFMB admissions team to respond to you. 

  • Who should I contact if I have a question about the application status?

    Please contact SPJIMR’s PGPFMB admissions team – fmbadmissions@spjimr.org 

  • When do I need to submit the documents to support the data I have filled in the form?

    You will need to submit the documents to support the data you have filled in the PGPFMB application form before the interview.

  • Do I fill out a separate application for a profile-based shortlist?

    Profile-based shortlisting is not applicable to the PGPFMB programme at SPJIMR.

  • What is the qualifying entrance test score for an Indian applicant?

    Not applicable for the PGPFMB programme at SPJIMR.

  • What is the selection process for the PGPFMB programme?

    Selection of a participant for SPJIMR’s PGPFMB is based on three parameters: the candidate, their business / the mentor. Each parameter comprises further composite criteria to assess the participant’s suitability for the programme and their business acumen, the nature of the business and its potential, as well as the mentor’s commitment to the programme and its requirement to use their business as a lab.

  • Will the interview be conducted online or offline?

    The candidates will have the option to choose. If they choose offline, please note that interviews are conducted at the Mumbai campus.

  • Will my mentor need to be present for the interview?

    Yes. PGPFMB at SPJIMR requires the mentors to be present for the interview. 

  • Can I reschedule my interview date once I choose a slot?

    Yes. In case of any emergency, you may reschedule your interviews to the next mutually convenient date.

  • When will the profile and profile cum score-based interviews be conducted?

    Profile and profile cum score-based interviews are not applicable for the PGPFMB programme at SPJIMR.

  • How do I get a loan?

    We do not have a tie-up with any specific bank for the loan as such. You may contact your bank and apply for a student loan. Should you need any documents for applying, you may write to us at fmbadmissions@spjimr.org.

  • Is there any scholarship available?

    No. There are no scholarships available for PGPFMB participants.

  • Is there any special housing arrangement for married students?

    No. SPJIMR does not offer special housing arrangements for married students. SPJIMR campus has separate hostel facilities for men and women.

  • Are hostel facilities provided throughout the academic year?

    For the PGPFMB programme, hostel facilities at SPJIMR are provided only during the batch’s contact days schedule each month.

  • Does SPJIMR provide a GST invoice for the payments made?

    Yes, you will receive a GST invoice if the payment is made from the respective company account. Please note: once the invoice is issued, it cannot be altered.

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