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 2025 intake:
Round 1 - 10 November 2024
Round 2 - 30 March 2025
ISB MFAB is a program specially structured to meet the needs of Family businesses in India. The alumni of the ISB PGP MFAB program 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.
ISB MFAB application
The ISB MFAB application consists of a detailed description of academic performance, work experience, business family details, business prospects and a list of essays as below.
ISB PGP MFAB Essays:
Why do you intend to pursue ISB PGP MFAB program?
According to you, what are the main challenges faced by your business and how would you address them?
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.
Optional Essay: Examples of things to list here would include explanations for gaps in work or education, inconsistent or below average academic performance. Use this space to also highlight work and non-work related awards & achievements which you feel would add value to your application.
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ISB MFAB Eligibility
No work experience essential
2-3 years work experience preferred
Bachelors or equivalent degree required
BAT test
Applicant must belong to a family business setup
ISB MFAB fees
ISB MFAB application fee is INR 15,000 which includes the fees for the BAT test.
The cost of the programme is INR 41,98,000 including taxes. It includes lodging, food, books, and instructional materials.
The price of travel is not included.
INR 20,000 refundable security deposit is required.
INR 15,000 has for lifetime use of ISB Recreation Centre
Alumni Association Membership fee of INR 25,000
ISB MFAB BAT test
The Business Admission Test for admission to the ISB MFAB is designed to test analytical thinking and problem solving capabilities of the applicants. Two sample tests for the BAT for admission to the ISB PGP MFAB are available on the school website admission section.
Why should one pursue ISB MFAB?
Deep knowledge of family enterprises. The value of family businesses is emphasized in the ISB MFAB, and the family's achievements and accomplishments are better understood by qualified faculty .
Business leaders face a range of difficulties, from luring personnel to releasing the value of the company. The ISB MFAB curriculum aids in recognising these problems, developing possibilities, and navigating risks when making crucial business decisions.
ISB MFAB aims to improve management and decision-making in the context of a family business. The participants' leadership abilities are strengthened, and as a result, they actively contribute to the family business's expansion.
The ISB MFAB curriculum is based on the strong management techniques used by family businesses around the world and is designed to develop company scions' capacity for planning, goal-setting, and efficient management of their family firms.
ISB MFAB students will become more aware of their leadership strengths and areas for improvement through mentorship from faculty and alumni, peer feedback, opportunities to network with a diverse peers and corporate leaders. They will also be able to seize more opportunities that will advance their career and company growth.
What's new at ISB MFAB in 2024?
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.
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.
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.
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.
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.
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.
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:
ISB MFAB offers 2 International Immersions - Kellogg School of Management in the Evanston (Chicago) campus and second in a European Business School.
ISB MFAB students have 12 weeks on campus - one week every 6th week
ISB MFAB curriculum comprises 24 courses
ISB MFAB is a 15 months modular program
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 2024 Application Requirements:
Application Fee: ₹ 15,000
BAT (Business Admissions Test)
Bachelors’ degree or an equivalent
No minimum work experience required but preferred
`ISB MFAB Fee: INR 41,98,000 plus taxes
ISB MFAB Class Profile in terms of company revenues:
Maximum: Upto INR 10 Crores
12% - INR 500 to 1000 Crores
10% - INR 100 - 500 Crores
17% - INR 50 - 100 Crores
45% - INR 10 - 50 Crores
ISB MFAB Class Profile in terms of Age group:
23% class - 29 - 31 years
7% class - 25 - 28 years
70% class - 20 - 24 years
ISB MFAB Class Profile in terms of years of work experience:
6% - 6 to 8 years experience
29% - 4 - 6 years experience
65% - 2 - 4 years experience
ISB MFAB Class Profile in terms of Industry representation:
33% - Manufacturing industry
8% - infrastructure industry
8% - real estate
6% - textile, clothing and fashion industry
6% - trading and wholesale industry
5% - automobile industry
5% - education and research industry
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 2024-25. 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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FAQs ISB MFAB
Where are the classes for the ISB MFAB programme held?
All classes for the ISB MFAB are conducted at the ISB campus located in Hyderabad and/or Mohali. International terms may take place outside India.
Is ISB MFAB conducted online?
No, ISB MFAB is not a distance education or online programme. It is a classroom-based programme where courses are taught face-to-face. The classroom sessions are held for a week every 6th week.