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 SPJIMR’s Post Graduate Programme in Family Managed Business (PGPFMB), applicants must meet the following criteria:

    • Academic qualification: 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 from a senior generation of the family who is committed to guiding the participant throughout the programme and willing to allow the family business to serve as a practical learning laboratory for programme projects.

  • What is the programme fee?

    The total programme fee is ₹19,98,000 plus 18% GST, excluding hostel charges, domestic and international travel, and other incidental expenses.

    The fee can be paid either as a lump sum at the time of admission or in instalments:

    • Registration fee: ₹2,25,000 (₹2,65,500 including 18% tax), payable at the time of admission
    • First instalment: ₹9,50,000 (₹11,21,000 including 18% tax), payable before batch commencement, as per the informed date
    • Second instalment: ₹8,23,000 (₹9,71,140 including 18% tax), payable three months after the batch begins

    Note: Fee payments are not accepted in cash.

    For the latest updates on fees, visit the webpage.

  • Is it a residential programme?

    PGPFMB is a modular programme. Participants are required to stay on the SPJIMR Mumbai campus for one week every month during the contact sessions.

  • Is work experience mandatory?

    No. Work experience is preferred but is not mandatory for admission to the PGPFMB programme.

  • What is the total intake for the programme?

    The programme has an annual intake of up to 250 participants.

  • Which entrance scores does the programme accept?

    The PGPFMB does not require CAT, GMAT, or any other entrance test scores.

  • Do I need to choose a specialisation while applying?

    No. You do not need to indicate a specialisation during the application process.

  • Can I apply for more than one specialisation?

    Yes.

    Participants can choose:

    • One minor elective in phase II
    • One major elective in phase III
    • An additional minor elective, if desired

    Learn more

  • How does opting for two specialisations benefit me?

    Many PGPFMB participants have interests across multiple business sectors. Choosing two specialisations allows participants to deepen their expertise in their primary business while also building knowledge in current or potential growth areas.

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

    You will have sufficient time to decide on your specialisations. However, once you have selected an elective and classes have commenced, you will not be allowed to change your specialisation.

  • When does the application process begin every year?

    The Post Graduate Programme in Family Managed Business (PGPFMB) follows a rolling admissions process. Applications are accepted throughout the year.

    To know more, click here.

  • When is the last date to submit the application?

    There is no application deadline. As PGPFMB follows a rolling admissions process, applications are accepted throughout the year.

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

    Yes. CAT and GMAT scores are not required for admission to the PGPFMB programme.

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

    No. GMAT scores are not required for admission to the PGPFMB programme.

  • How do I pay my application fees?

    The application fee can be paid online through the application portal.

  • 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?

    Please email fmbadmissions@spjimr.org with your payment details. The admissions team will assist you in resolving the issue.

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

    Please contact the PGPFMB admissions team at fmbadmissions@spjimr.org.

  • When do I need to submit supporting documents?

    Supporting documents must be submitted before the interview to verify the information provided in your application.

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

    No.

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

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

    The PGPFMB programme does not require any entrance test scores.

  • What is the selection process for the PGPFMB programme?

    Selection for the PGPFMB programme is based on three key aspects:

    • the candidate,
    • the family business, and
    • the mentor.

    Each aspect is evaluated using multiple criteria, including the participant’s suitability, business acumen, the nature and potential of the business, and the mentor’s commitment to supporting the participant and to using the business as a learning laboratory throughout the programme.

  • Will the interview be conducted online or offline?

    Candidates may choose either online or offline interviews.

    Offline interviews are conducted at the SPJIMR Mumbai campus.

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

    Yes.

    The mentor’s participation in the interview is mandatory.

  • Can I reschedule my interview?

    Yes.

    In the event of an emergency, you may request to reschedule your interview to the next mutually convenient date.

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

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

  • How do I get an education loan?

    SPJIMR does not have tie-ups with specific banks for education loans. You may apply through your preferred bank.

    If you require supporting documents for your loan application, please write to fmbadmissions@spjimr.org.

  • Are scholarships available?

    No. Scholarships are not available for participants of the PGPFMB programme.

  • Is there any special housing arrangement for married students?

    No.

    SPJIMR does not offer special accommodation for married participants. Separate hostel facilities are available for men and women during the programme’s contact sessions.

  • Are hostel facilities provided throughout the academic year?

    No.

    Hostel accommodation is provided only during the batch’s scheduled contact periods each month.

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

    Yes. A GST invoice will be issued if the payment is made from the respective company’s account.

    Please note: Once the invoice has been issued, it cannot be modified.

Enquire now

    Fellow Programme in Management (FPM)

      Subscribe now

      Thank you for subscribing! Please check your inbox for more details.

      AppLy Now