Content Curator | Updated on - Apr 8, 2026

The Weekend Family Managed Business Administration Program (FMBA) at NMIMS Pravin Dalal School of Entrepreneurship and Family Business Management (PDSE & FBM), Mumbai, is a unique 1-year part-time (weekend) management program designed exclusively for owner-entrepreneurs and family members involved in running family businesses. Offered at the NMIMS Mumbai campus, the program equips participants with modern management concepts and practices to help them navigate new-age business challenges and seize emerging opportunities. The total fee for the program is Rs. 3,27,000, with a seat intake of 30 participants. Admission is through a Personal Interview, and the program is popular among SME owners and family business successors seeking to professionalize their business management without disrupting their day-to-day operations.

Admissions for the 2026 batch are expected to open in early 2026. Based on the previous year's schedule, applications typically open around January-February and close by May-June. The Personal Interview is conducted thereafter, and the batch commences around July-August. As of April 2026, the 2025 batch applications are closed. Candidates interested in the 2026 batch should monitor the official website at familybusiness.nmims.edu for updated dates.

Key Points

Exclusively designed for owner-entrepreneurs and family members of family-managed businesses (SMEs), making it a highly niche and targeted program.
Weekend format (Saturday and Sunday, 6 hours each day) over 32 weekends, allowing participants to continue running their businesses while studying.
Curriculum covers functional areas of professional management, communication skills, customer and supplier relations management, and professionalizing family business management.
Pedagogy includes lectures by experienced faculty, guest speaker sessions, special seminars, outbound training, factory visits, and presentations by past-student entrepreneurs.
A compulsory project on one's own business with a SWOT analysis is a key learning deliverable.
Part of NMIMS PDSE & FBM, which has been ranked in the Top 10 Business Schools in the Entrepreneur B-School Survey and received the Gold Award at the India Management Conclave 2019.
Alumni network of 6,000+ entrepreneurs from family business backgrounds.

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Highlights
Fees
Admission
Scholarships
Ranking
FAQs

NMIMS FMBA Fees

The FMBA program at NMIMS PDSE & FBM has a total fee of Rs. 3,27,000 for the 1-year program. This covers the entire course duration and is payable as per the schedule communicated at the time of admission. As this is a weekend part-time program, participants are typically working professionals based in Mumbai and hostel accommodation is not typically required.

Fee Components

Fee Component	Amount
Tuition Fee (Total - 1 Year)	Rs. 3,27,000
Registration / Application Fee (One-time)	Rs. 2,500 (approx.)
Total Fees	Rs. 3,27,000

The above fee is based on the most recently available data (2025 batch).
Fees for the 2026 batch will be communicated at the time of admission.
Refund rules are as per UGC notification; details are shared at the time of admission.
NMIMS does not offer institutional merit-based scholarships for this program.
Education loans may be available through bank tie-ups.
As this is a part-time weekend program, hostel accommodation is not typically required.

NMIMS FMBA Admission 2026

Admissions to the FMBA program are based on a Personal Interview conducted by NMIMS PDSE & FBM. There is no entrance exam. The program is targeted at working professionals and business owners, so eligibility requires a graduate degree and at least 2 years of business experience. The 2026 batch admission dates are yet to be announced; based on the previous year's pattern, registrations are expected to open around January-February 2026.

FMBA Admission Dates

Event	Tentative Date (2026 Batch)
Online Registration Opens	January-February 2026 (tentative)
Online Registration Closes	May-June 2026 (tentative)
Personal Interview	June-July 2026 (tentative)
Merit List Declaration	July 2026 (tentative)
Batch Commencement	July-August 2026 (tentative)

Note: The above dates are tentative and based on the previous year's admission schedule. Candidates should check the official website familybusiness.nmims.edu for confirmed 2026 batch dates.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Candidates must hold a Graduate degree (any discipline) from a recognized university, OR a Post-HSC Diploma (3 years) from a recognized institution.
Minimum 2 years of business experience (as owner, co-owner, or active family member in a family-managed business) is required.
The program is specifically designed for owner-entrepreneurs and their family members involved in running family businesses.
Maximum age limit: As per NMIMS norms (typically no upper age limit for executive programs).

Admission Process

Register online at familybusiness.nmims.edu and pay the application fee.
Appear for the Personal Interview conducted by NMIMS PDSE & FBM faculty.
Merit list is prepared based on Personal Interview performance.
Selected candidates complete the admission formalities and pay the program fee to confirm their seat.

NMIMS FMBA Scholarships 2026

NMIMS does not offer institutional merit-based scholarships for the FMBA program. As this is an executive/part-time program for working professionals and business owners, government scholarship schemes for regular UG/PG students are generally not applicable. Education loans may be available through bank partnerships.

Financial Aid Options

Aid	Provider	Amount	Eligibility
Education Loan	SBI, HDFC, Axis Bank (via NMIMS tie-up)	As per bank norms	Based on bank eligibility criteria

NMIMS does not provide any institutional fee waiver or merit scholarship for the FMBA program.
Participants are encouraged to check with their respective banks for education loan eligibility for part-time/executive programs.

NMIMS Mumbai FMBA Ranking

Collegedunia Ranking

#19 out of 372 in India 2025

#7th in Mumbai

NIRF Ranking

#24 out of 125 in India 2025

#4th in Mumbai

#5 in Maharashtra

IIRF Ranking

#5 out of 122 in Top Private Colleges in India 2025

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NMIMS FMBA FAQs

Ques. Who is the FMBA program at NMIMS designed for? Can anyone apply?

Ans. The FMBA is specifically designed for owner-entrepreneurs and family members who are actively involved in running family-managed businesses (SMEs). It is NOT a general management program open to all graduates. Applicants must have at least 2 years of business experience in a family business. If you are a fresh graduate or a salaried professional without family business involvement, this program may not be the right fit.

Ques. How is the FMBA different from the MBA (Entrepreneurship and Family Business) at NMIMS?

Ans. The FMBA is a 1-year part-time weekend program specifically for those already running family businesses, while the MBA (Entrepreneurship and Family Business) is a 2-year full-time program for those who want to build entrepreneurial and family business management skills from scratch. The FMBA is more practical and business-specific, while the MBA is more comprehensive and academically rigorous.

Ques. What is the class schedule for the FMBA program? How many days per week?

Ans. The FMBA follows a weekend format - classes are held on Saturdays and Sundays, 6 hours each day, over 32 weekends across the 1-year program. This allows participants to continue managing their businesses on weekdays without disruption.

Ques. What is the compulsory project in the FMBA program?

Ans. Every FMBA participant must complete a detailed project on their own family business, including a comprehensive SWOT analysis. This project is a compulsory requirement for program completion. It is presented in class, offering a great peer learning opportunity. The project helps participants apply management concepts directly to their own business context.

Ques. Is the FMBA degree/certificate from NMIMS recognized? What credential do participants receive?

Ans. Upon successful completion, participants receive a certificate/diploma from NMIMS Deemed-to-be University (PDSE & FBM). While it is not a full MBA degree, it carries the NMIMS brand and is recognized in the business community. The program is listed under NMIMS's executive programs and is valued for its practical, business-focused curriculum.

Ques. What is the typical profile of FMBA participants at NMIMS? What industries do they come from?

Ans. FMBA participants typically come from diverse family business backgrounds including manufacturing, trading, retail, real estate, food and beverage, and services. Alumni include entrepreneurs who have gone on to scale their businesses significantly, such as Pankaj Bansal (M3M Group), Karan Chugh (7th Heaven Desserts), and others. The peer network of 6,000+ family business alumni is one of the key benefits of the program.