PGPM - Family Business & Entrepreneurship (FBE)
A world class one-year full-time MBA program designed for the next generation of family business owners and entrepreneurs, the PGPM – Family Business & Entrepreneurship (PGPM - FBE) is a specialized edition of Great Lakes' flagship one year MBA program. The program is customized for family business owners and scions, and entrepreneurs, to innovate and grow their business in a rapidly evolving industry.
Build 360° Business Leadership Skills
Get mentored by CXOs, Business Owners & Renowned Faculty
Pursue a term abroad at a Top European B-school
Gain access to 14,000+ Great Lakes alumni network
Impact Skill Labs and Experiential Learning
The PGPM-FBE helps you hone your management and entrepreneurial skills through a series of labs and mentorships that bolster your business acumen and prepare you to transform and lead.
Develop and Pitch your Business to VCs & Startup Founders
Digitize your business with Analytics, Business Intelligence and AI
Learn Growth Hacking through Dedicated Skill Labs
Learn to Manage Family Dynamics & Professional Teams
Scores
Accepted:
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Eligibility:
- Recognized undergraduate degree with at least 50% score.
- Should be part of a registered Family Business or an Entrepreneur.
- Applicants can take Great Lakes Aptitude Test (GREAT) alternatively for admissions to PGPM - FBE.
Program Outcomes
Faculty Highlights
Dr. Suresh Ramanathan
Dean & Principal
Former prof. - University of Chicago Booth School of Business & Texas A&M University
Dr. Raj Krishan Shankar
Director - PGPM FBE & Professor - Entrepreneurship & Strategy
Former Professor - Nord University, Norway
Dr. Vidya Mahambre
Professor - Economics
Union Bank Chair Professor of Economics and Director, Research
Dr. Bappaditya Mukhopadhyay
Professor - Analytics
Among Top 5 Data Science Professors in India and top 100 Globally
Dr. Sanjoy Sircar
Professor - Finance
Former Professor - Temple University, Philadelphia & State University of New Jersey
Dr. Sandeep Srivathsan
Professor - Operations Management
Former Researcher - Oklahoma State University USA & Nanyang Tech. University, Singapore
Business Perspectives
PGPM - Family Business & Entrepreneurship students get to interact face-to-face and network with Industry Leaders and Venture Capitalists from across the industry
150+
Thought Leaders and Industry Veterans from across the world interact and share their perspectives with Great Lakers every year.
30+
CXOs shared their perspectives on various industry growth drivers and deriving the best outcomes with the current workforce
Global Perspective through International Immersion
A international immersion program at European Universities like IÉSEG, Paris provides candidates with invaluable exposure to a diverse range of business landscapes, cultural nuances, and expansive avenues which equips them with a global perspective, fostering a more profound understanding of the interconnected nature of today's business world.
Our students at IÉSEG School of Management
Entrepreneurs from Great Lakes
Mentored Live Projects and Corporate Exposure
Get exposed to real world Business Problems and learn how to solve them under mentorship from Business Leaders, CXOs and world class faculty.
Participants who wish to gain longer corporate experience before moving into their own businesses can also avail placement assistance which will be subject to candidate’s eligibility.
FAQs
The PGPM – Family Business & Entrepreneurship (FBE) is a full time MBA program for individuals who are currently employed in their family business or running their own venture. The mba in entrepreneurship and family business course is also for people who are planning to join their family business in the near future.
- A completed bachelor's degree as of May 2025
- Should own/partially own a registered business entity, or be employed in their own immediate family's business
- Valid test score in any one of – CAT, XAT, GMAT, NMAT; candidates without any of these scores can take the Great Lakes Aptitude Test (GREAT)
The PGPM – FBE, an MBA program for family business owners, helps family business owners effectively leverage family dynamics, integrate modern technology into business operations, strategy, finance and marketing, connect with other family businesses and startup owners across industries and build a network of potential partners, connect with venture capitalists, learn to build high performing teams and retain them, and build long term goals for expansion, diversification and globalization.
The PGPM – FBE at Great Lakes provides mentorship from distinguished Great Lakes faculty coming with diverse academic, industrial and entrepreneurial experience. This full-time on-campus MBA program also facilitates interactions with established entrepreneurs, venture capitalists and industry veterans offering rich real world perspectives. The curriculum also includes business plan competitions, live projects fully mentored by faculty & senior corporate leaders, business case pedagogy and start-up challenges which provide an exceptional hands-on learning experience.
The PGPM – FBE program offers an international immersion at IÉSEG School of Management, Paris where students get a chance to experience cultural diversity, broaden their perspective beyond geographical boundaries, understand how international markets operate, and develop globalization goals.
The PGPM – FBE is an MBA program for entrepreneurs and family businesses, providing them with learnings that would help an individual develop core skills needed to set up and/or run a business as an owner, instead of as an employee, attract and retain high quality workforce, and make a business profitable and sustainable.
Participants of the PGPM – FBE MBA program are entrepreneurs and family business scions who would be joining their own family business or venture post completion of the program, and the program is designed to orient them towards leading their businesses.
The PGPM – FBE helps you develop a network of fellow entrepreneurs and family business across industries, and provides you access to the Great Lakes alumni network, leading to connections which will potentially benefit ventures of participants in the form of expansion, diversification and globalization. The program also helps candidates interface and network with venture capitalists which could result in beneficial relationships for their business.
1 year MBA programs bring more rigour and hands-on learning, rich exchange of diverse perspectives among peers, and industry mentored projects that help participants assimilate and apply learnings in a shorter time, enabling future business owners to get into their businesses a year earlier. The one year format is very common in Europe and other parts of the world. In terms of the number of classroom hours, there is no significant difference between a two year course and a one year course. It is only advantageous to finish your course in less time and be ready to elevate your business.
PGPM - FBE is an AICTE approved 1 year MBA program and is a specialized version of the Flagship PGPM of Great Lakes. Post completion of this MBA entrepreneurship course, candidates will receive a Post Graduate Certificate in Management, which is the same as provided on completion of Great Lakes flagship PGPM course. The PGPM is equivalent to MBA and is widely accepted across the industry.
Family businesses have a significant scope for growth, expansion and diversification, based on the nature of the business, by professionalization and integration of modern technology, best practices from the industry and data driven decision making. MBA programs, specifically the PGPM - FBE (Family Business & Entrepreneurship) offered at Great Lakes, is designed to help family business members learn general Family Business Management skills, key tech enablers that are driving the industry such as AI, Analytics, AR/VR, etc., and necessary leadership skills needed to build high performing teams and scale up their family business significantly.
The MBA in Family Business and Entrepreneurship is a one-year full-time program designed for future family business successors and entrepreneurs. It covers family dynamics, leadership, business expansion, digitization, and technology integration. This Family Business MBA provides global exposure, strategic skills, and business expertise, helping next-generation leaders grow and sustain their businesses.
The MBA in Entrepreneurship syllabus in the PGPM-FBE program is customized for next-generation business owners, integrating Great Lakes' flagship PGPM course with Family Business Management topics. This MBA in Entrepreneurship and Family Business covers key areas such as innovating, formulating strategies, communicating strategies and business values, networking with VCs & CXOs, and applying cutting-edge technology in business. By emphasizing both theoretical knowledge and practical application, this Family Business Management course ensures that students develop the skills needed to launch, manage, and expand their businesses effectively.
MBA Entrepreneurship Syllabus/Course
The curriculum in the PGPM-FBE program offers a comprehensive learning experience that blends core management principles with specialized subjects pertinent to family business entrepreneurship. With a focus on business innovation, venture growth, and leadership in family-owned enterprises, this Family Business Management course provides students with the necessary tools to navigate complex business environments. Please visit the Curriculum section for a detailed overview of the MBA in Entrepreneurship syllabus.
Fees Structure
The fee structure for the MBA in Family Business Management known as the PGPM-FBE program encompasses various components, including tuition, accommodation, and other associated costs. As one of India's first 1-year full - time MBA programs in family business entrepreneurship, the investment in this course ensures access to world-class faculty, global exposure, and a robust entrepreneurial network. Please refer to the Fee Structure section for a detailed breakdown of the Family Business MBA fee structure.
