Build the capabilities to lead your family enterprise into its next chapter. PGP MFAB combines modern management education, family-business expertise and global exposure to help next-generation leaders balance heritage with innovation and drive sustainable growth across generations.
Duration
15 Months
Format
Modular
Work Experience
0 Years Required*
Campuses
Hyderabad & Mohali
Courses
23
Entrance Test
Business Admissions Test (BAT)
The Post Graduate Programme in Management for Family Business is designed for next-generation family business leaders who want to strengthen their businesses while preserving the values and legacy that define them.
The programme brings together strategic management, family-business governance, succession planning, experiential learning and global exposure to help participants navigate complexity, professionalise their enterprises and create sustainable multi-generational growth.
PGP MFAB can be a strong fit if you want to:
Take the Family Business Forward
Build the capabilities required to lead and scale the enterprise your family has built.
Prepare for Succession
Develop the strategic and leadership skills required to take on greater responsibility across generations.
Professionalise the Business
Introduce stronger systems, governance structures and modern management practices.
Balance Legacy With Innovation
Preserve the values that matter while adapting the business to changing markets and new opportunities.
Drive Business Growth
Develop frameworks for strategic decision-making, expansion and sustainable competitive advantage.
Become a Stronger Family Business Leader
Build the confidence to lead teams, manage stakeholders and make complex business decisions.
Not sure if you meet the ISB PGP MFAB criteria? Get a free 1-on-1 profile assessment with an alumnus
Evaluate My ProfileA transformative year. A stronger career. A global network.
Family Business Focus
Learn management through the unique lens of family enterprises, including succession, governance and family-business dynamics.
Strategic Management
Develop the frameworks required to make better decisions and respond to changing markets.
Leadership in Action
Apply classroom learning directly to challenges within your own family enterprise.
Global Exposure
Learn from international business perspectives through a global immersion experience.
Peer Learning
Interact with next-generation leaders from diverse industries and family-business backgrounds.
ISB Network
Become part of the wider ISB ecosystem and connect with experienced entrepreneurs, business leaders and alumni.
PGP MFAB looks for individuals who have the potential and commitment to shape the future of their family enterprise.
Your Profile Is Evaluated Across
Legacy Stewardship
Your commitment to your family's enterprise and your ability to carry its legacy forward.
Strategic Acumen
Critical thinking, analytical ability, financial understanding and business decision-making.
Collaborative Governance
Your ability to work across generations, build relationships and create effective systems.
Transformative Mindset
Curiosity, adaptability and the willingness to embrace new opportunities while respecting family values.
Leadership Potential
Your ability to influence people, lead teams and create meaningful business impact.
Learning Mindset
Your willingness to learn, evolve and apply contemporary management thinking to your enterprise.
Build, scale and transform your family enterprise.
Build, Scale & Transform Your Family Enterprise
Business Growth
Scale existing operations, enter new markets and identify new growth opportunities.
Professionalisation
Build stronger processes, systems and organisational structures.
Succession Leadership
Prepare for a smooth transition of leadership and responsibilities across generations.
Strategic Transformation
Navigate technology, changing customer expectations and market disruption.
Governance
Develop effective structures for decision-making, accountability and family-business alignment.
New Ventures
Explore new businesses, products, markets and entrepreneurial opportunities.
Global Expansion
Develop the strategic perspective required to take the family enterprise into international markets.
To apply for the ISB PGP MFAB, applicants must meet the following basic eligibility requirements.
Academics
Family Business
Work Experience
Entrance Test
Business Admissions Test (BAT)
The BAT is the entrance assessment specifically designed for PGP MFAB applicants. It evaluates the business acumen, analytical thinking and decision-making capabilities needed for the programme.
Mandatory
All PGP MFAB applicants must take the BAT.
Multiple Attempts
Applicants can attempt the BAT up to three times, with the highest score considered.
Online & Proctored
The test is conducted with remote proctoring requirements.
Business-Focused
The assessment focuses on business understanding, analytical thinking and decision-making.
A quick overview of the key components that shape your ISB PGP MFAB application.
Application Components
| Component | What It Covers |
|---|---|
| Academic Profile | Degrees, institutions and academic performance |
| Professional Experience | Work, internships, business exposure and responsibilities |
| BAT Score | Business Admissions Test performance |
| Essays | Learning journey, family business and aspirations |
| Awards & Achievements | Academic, professional and extracurricular accomplishments |
| Supporting Documents | Required documentation and verification |
| Interview | Leadership, thinking, motivation and family-business fit |
Your essays reveal the deeper dimensions of your journey beyond metrics and milestones.
They help the Admissions Committee understand your approach to learning, leadership, and legacy in a family business context through three mandatory essays and one optional essay.
Learning & Motivation
Mandatory
What professional experiences have influenced your approach to learning and have led you to pursue PGP MFAB at ISB?
What to focus on:
Your learning journey, why family-business leadership education now, and why ISB PGP MFAB is the right next step.
Business Initiative
Mandatory
Describe an important initiative that your business has undertaken during the past 5 years. Explain why you consider it important. You may share an initiative taken by your company even if you were not necessarily involved or associated with it.
What to focus on:
A meaningful business initiative, why it mattered, and what it reveals about the enterprise and its direction.
Business Challenges
Mandatory
According to you, what are the main challenges faced by your business and how would you address them?
What to focus on:
The core challenges facing the enterprise and a thoughtful, practical view of how you would approach them.
Additional Context
Optional
Use this space to highlight anything you wish to bring to the notice of the Admissions Committee which could not be highlighted elsewhere.
What to focus on:
Context, achievements or distinctive experiences that add another dimension to your application.
Unsure how to frame your career goals or leadership story?
Work 1-on-1 with an ISB alumni mentor.
The ISB admissions journey goes beyond submitting an application. Your profile is reviewed holistically - from your academic and professional journey to your essays, achievements, recommendations, and interview performance.
Application Submission
Complete the online application with the required supporting documents.
Business Admissions Test
Take the mandatory BAT assessment.
Application Verification
Your application is checked for completeness and accuracy.
Holistic Evaluation
Verified applications are evaluated across academics, BAT, experience, essays, awards and achievements.
Interview Shortlist
Selected candidates are invited to the interview stage.
Interview
Participate in an interview with an ISB faculty and alumni panel, including on-the-spot essays.
Committee Review & Decision
The Admissions Committee reviews the complete application and interview feedback before final decisions are communicated.
From structuring your initial application to acing the alumni mock panel,
get personalized strategy at every stage
ISB PGP MFAB Interview: What Should You Prepare For?
The ISB interview isn't just about answering questions correctly.
It's about whether you can think clearly, communicate authentically and explain your decisions.
Be ready to discuss:
Your Family Business
Your Leadership
Your Business Thinking
Your Future
Your Family Enterprise
Invest in the future of your family enterprise with a clear view of programme fees and financing options.
| Component | Amount | GST @ 18% | Total |
|---|---|---|---|
| Admission Fee | ₹4,22,881 | ₹76,119 | ₹4,99,000 |
| Tuition Fee | ₹40,50,000 | ₹7,29,000 | ₹47,79,000 |
| Security Deposit | ₹20,000 | — | ₹20,000 |
| Total Programme Fee | ₹44,72,881 | ₹8,05,119 | ₹52,98,000 |
For PGP MFAB, financial support is presented primarily through education loans and financing partners rather than a catalogue of merit and need-based waivers.
Education Loans
ISB has partnered with financial institutions to help eligible PGP MFAB participants finance their programme. Available loan amounts, interest rates, collateral requirements, repayment periods and eligibility vary by lender and are subject to the respective bank's policies.
Canara Bank
Education loans of up to ₹50 lakh are available for eligible ISB students, with no margin money and no security requirement up to ₹50 lakh under the listed terms.
Central Bank of India
Education loans of up to ₹50 lakh are available, with repayment periods extending up to 15 years excluding the moratorium period, subject to the stated conditions.
Credila Financial Services
Education financing of up to 100% of the cost of education is available under the listed terms, with unsecured and secured loan options.
Key application deadlines and dates to help you plan your ISB application.
PGP MFAB Application Deadlines — Class of 2027–28
| Round | Application Deadline | Interview Window | Final Decision |
|---|---|---|---|
| Round 1 |
November 29, 2026
|
Week 3 Dec 2026 – Week 4 Jan 2027 | Mid-February 2027 |
| Round 2 |
March 28, 2027
Plan Your ISB Application
|
Week 4 Apr – Week 4 May 2027 | End-May 2027 |
Get direct 1-on-1 guidance from ISB alumni mentors. From profile evaluation and essay strategy to mock interviews, we help you build a winning application
Get direct 1-on-1 guidance from ISB alumni mentors. From profile evaluation and essay strategy to mock interviews, we help you build a winning application.
The programme is equivalent in content and rigour to an MBA, but graduates receive a certificate of completion of the Post Graduate Programme in Management for Family Business rather than a master's degree.
No. Work experience is not mandatory, although relevant business exposure is preferred.
You must be a member of a family business and demonstrate commitment to carrying the enterprise forward.
Yes. All PGP MFAB applicants must take the Business Admissions Test.
Yes. The modular structure is designed around periodic on-campus sessions, allowing participants to apply their learning to their enterprises between sessions.
No. It is a modular programme with in-person sessions held at ISB's Hyderabad and Mohali campuses.
15 months.
The programme aims to strengthen leadership, contemporary management capabilities, governance, business growth and the ability to prepare a family enterprise for sustained multi-generational success.