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How is ISB MFAB as a Family Business Management Program?

The ISB MFAB is a 15 month long ISB Post Graduate Programme in Management for Family Business at ISB Hyderabad. The ISB MFAB is ideally suited for family business owners or second generation business professionals who seek to enhance their general management skills.


Application Deadlines for ISB MFAB 2024 intake:

Round 1 - 5 November 2023

Round 2 - 17 March 2024


What's new at ISB MFAB in 2023?

  1. ISB's PGP MFAB organised an enlightening Masterclass led by Prof. Siddharth S. Singh, Associate Professor of Marketing at ISB. Participants had the opportunity to delve into the ISB classroom experience on August 26, 2023.

  2. The PGP MFAB Co'24 hosted an Orientation event on August 4, 2023, at ISB's Mohali Campus, marking the commencement of a new academic journey. Beyond sharing information, this day fostered a sense of togetherness and teamwork. Through interactive team-building exercises, students nurtured a feeling of unity among themselves.

  3. The inaugural CII Karnataka Family Business Conclave 2023 brought together diverse family-owned businesses from various sectors on August 8-9, 2023, at The Radisson Blu, Mysuru. The event's theme, "Managing Change and Expectations - The Way Forward," facilitated discussions, knowledge-sharing, and networking, addressing challenges within the evolving business landscape. Dr. Nupur Pavan Bang, the Academic Director of the Thomas Schmidheiny Centre for Family Enterprise at ISB, led a compelling Masterclass titled "Women in Family Business: Visionary and Transformational." Here are glimpses from the felicitation ceremony.

  4. On August 24, 2023, ISB PGP MFAB shared a glowing review by Nupur Pavan Bang, the Academic Director of the Thomas Schmidheiny Centre for Family Enterprise (TSCFE) at ISB, on the book 'The Cartiers,' authored by Francesca Cartier Brickell. In her review, she lauds the book as an exquisite literary masterpiece that skillfully navigates the intricacies of family business dynamics, offering both elegance and insightful perspective.

  5. In a recent masterclass held in August 2023 and organised by ISB PGP MFAB, Prof. Dr. Chandan Chowdhury delved into sustainability, emphasising the importance of companies adopting sustainable business models to ensure readiness for the future. Gain deeper insights into the industry and learn how to navigate family businesses through uncertain times with PGP MFAB.

  6. In June 2023, as part of the ISB Masterclass Series in collaboration with PGP MFAB Admissions at ISB and partnership with CII Andhra Pradesh, Prof. Vishwakant Malladi delivered a session in Tirupati on 'Inventory Management in the post-pandemic world.' Prof. Malladi highlighted the growing significance of inventory and supply chain management in contemporary business administration in the wake of the pandemic. Here are moments captured from the session.

  7. ISB PGP MFAB announced that Simran Parekh (PGP MFAB Co’22) nurtured a strong desire to contribute to her family business while enhancing her management skills. She found that PGP MFAB at ISB offered her this invaluable opportunity, which she holds dear. Reflecting on her ISB experience, Simran describes the PGP MFAB cohort as an extraordinary group characterised by diversity and unwavering enthusiasm. Watch the video to discover more about Simran's insights and thoughts on the ISB experience.

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Who should apply to ISB MFAB?

The class in the ISB MFAB program has applicants with an average applicant work experience of 3 years with an average age of 25 years. Some alumni of ISB MFAB program over the years are: Sirisha Limkar, Director, Limkar Group Priyanka Mechineni, Director, Excelleur Solutions Pvt. Ltd. Alekhya Nandendla, MD, Rvan Ventures Pvt Ltd. Chetan Chikkamarranahally, Director, Shakti Precision Components Pvt. Ltd. and many more next generation business leaders. Get application and interview assistance. ISB MFAB 2023 Program Structure:

  1. ISB MFAB offers 2 International Immersions - Kellogg School of Management in the Evanston (Chicago) campus and second in a European Business School.

  2. ISB MFAB students have 12 weeks on campus - one week every 6th week

  3. ISB MFAB curriculum comprises 24 courses

  4. ISB MFAB is a 15 months modular program

  5. Flagship Alumni Reunion Event: MFABulous was held from August 26 to 28, 2022, on the theme 'Entrepreneurship in Family Business - Making the Right Choices.'

ISB MFAB 2023 Application Requirements:

  1. Application Fee: ₹ 15,000

  2. BAT (Business Admissions Test)

  3. Bachelors’ degree or an equivalent

  4. No minimum work experience required but preferred

  5. `ISB MFAB Fee: 41,98,000 plus taxes

ISB MFAB Class Profile in terms of company revenues:

  1. Maximum: Upto INR 10 Crores

  2. 12% - INR 500 to 1000 Crores

  3. 10% - INR 100 - 500 Crores

  4. 17% - INR 50 - 100 Crores

  5. 45% - INR 10 - 50 Crores

ISB MFAB Class Profile in terms of Age group:

  1. 23% class - 29 - 31 years

  2. 7% class - 25 - 28 years

  3. 70% class - 20 - 24 years

ISB MFAB Class Profile in terms of years of work experience:

  1. 6% - 6 to 8 years experience

  2. 29% - 4 - 6 years experience

  3. 65% - 2 - 4 years experience

ISB MFAB Class Profile in terms of Industry representation:
  1. 33% - Manufacturing industry

  2. 8% - infrastructure industry

  3. 8% - real estate

  4. 6% - textile, clothing and fashion industry

  5. 6% - trading and wholesale industry

  6. 5% - automobile industry

  7. 5% - education and research industry

  8. 36% - other industries

Check the admit stories to understand their journeys and what is important to put up a successful application to ISB. Is the ISB MFAB worth it? The real value of an MBA from ISB is the diverse exposure it provides you. The class at ISB PGP MFAB at ISB Hyderabad, consists of students from various industries like manufacturing, trading, textile, real estate, Pharma, FMCG, logistics, financial services, and many others. Class interaction gives perspectives of different industries which gives you the vision of how the industry might shape or industry gaps that you find the next business opportunity in. The ISB MFAB program is a general management programme for family business owners and it is delivered from the owner's perspective. The students also get an International exposure at the Kellogg School of Management for one week. ISB PGP MFAB is a program specially structured to meet the needs of Family businesses in India. The real ROI of ISB PGP MFAB is the contemporary global knowledge, the peer network and the credibility that comes with it. If that long perspective is what you have in mind you should definitely look at ISB MFAB seriously. The ISB PGP MFAB program is equipped to deliver world class MBA education at ISB Hyderabad. Read more about the ISB MFAB program and ISB MFAB admit reviews here. Some alumni events that take place at ISB MFAB are: Alumni Panel discussion event was held to discuss the topic "The Family Business Resilience Levers in Extraordinary Times" by ISB MFAB alumni in July 2021 and they discussed topics like "Role of Women in Family Business Succession" in the past. What is the benefit of the ISB MFAB? As an alumnus of the ISB PGP MFAB program at ISB Hyderabad you get the advantage of being a part of the inclusive 10000+ strong global community of ISB alumni in addition to being a part or course audits, conferences, seminars and workshops conducted at ISB. To reassert the worth of any program is in the value that you seek from it. If your perspective is to gain a bigger picture from industry stalwarts from different sectors and join a group of business leaders the program is sure worth it. Get in touch with an ISB admission consultant at Goalisb to discuss your application preparation and interview prep for the ISB MFAB admissions 2022 - 23. Unlock the power of expert guidance for your ISB application journey. Whether you're seeking a thorough profile review, crafting standout ISB essays, or mastering your interview skills, GOALisB is here to empower your success.

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