Content Curator | Updated on - Apr 8, 2026

The MBA (Entrepreneurship and Family Business) program at NMIMS Mumbai, offered by the Pravin Dalal School of Entrepreneurship and Family Business Management (PDSE and FBM), is a 2-year full-time program spread over six trimesters, initiated in 1999. It is one of India's oldest and most respected programs designed specifically for family business owners, managers, and aspiring entrepreneurs. The program has a seat intake of 120 students and is recognized by AACSB as 'The 2020 Innovation that Inspires.' It is ranked 96th in 'Best Entrepreneurship Masters' worldwide by Eduniversal Rankings and is the only program mentioned in the McKinsey Report 'The Power of Many' released at the G-20 Young Entrepreneurs Summit in Paris. The program fee for Batch 2025 was Rs. 11,50,000 per annum (fees for Batch 2026 will be declared at the time of admission). Admission is through NMIMS's own test and personal interview - NMAT scores are not required.

Admissions for Batch 2026 are currently open (Phase 1 completed). Online registration for Phase 1 closed on 29th March 2026. The test and personal interview for Phase 1 were conducted on 6th April 2026. Phase 2 dates are available on the NMIMS website. The program commences on 29th June 2026.

Key Points

India's one of the oldest family business MBA programs, initiated in 1999 with 25+ years of legacy; AACSB-recognized as '2020 Innovation that Inspires.'
Seat intake of 120 students; 2-year full-time program spread over 6 trimesters.
Unique eligibility requirement: candidates must have actual involvement in running a family business.
Curriculum is family business-centric, covering governance, succession, continuity, digital transformation, and next-generation leadership development.
Admission is through NMIMS's own test and personal interview - NMAT scores are NOT required.
Ranked 96th in 'Best Entrepreneurship Masters' worldwide by Eduniversal Rankings.
Only program mentioned in the McKinsey Report 'The Power of Many' at the G-20 Young Entrepreneurs Summit in Paris.

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NMIMS Mumbai MBA (EFB) Fees

The program fee for MBA (Entrepreneurship and Family Business) Batch 2025 was Rs. 11,50,000 per annum. For a 2-year program, the total fee (Batch 2025 reference) amounts to Rs. 23,00,000. Fees for Batch 2026 will be officially declared at the time of admission in the offer letter. The registration fee of Rs. 2,500 is non-refundable. Hostel facilities are available at NMIMS Mumbai on an optional basis.

Fee Components

Fee Component	Amount
Tuition Fees - Year 1 (Batch 2025, for reference)	Rs. 11,50,000
Tuition Fees - Year 2 (Batch 2026, to be declared)	To be declared at admission
Registration Fee (Non-refundable)	Rs. 2,500
Hostel Fees - NMIMS Mumbai (Optional)	Rs. 2,50,000 - Rs. 3,50,000 per year (approx.)
Total Fees - 2 Years (excl. hostel, Batch 2025 reference)	Rs. 23,00,000

Fees for Batch 2026 will be declared at the time of admission.
Hostel fees are optional and not included in the total fees above.
Refund rules follow UGC norms.
Registration fee of Rs. 2,500 is non-refundable and non-transferable.

NMIMS Mumbai MBA (EFB) Admission 2026

Admissions for MBA (Entrepreneurship and Family Business) Batch 2026 at NMIMS Mumbai are conducted through NMIMS's own test and personal interview - NMAT scores are NOT required. The selection process is conducted in two phases. Phase 1 registration closed on 29th March 2026 and the test/PI was held on 6th April 2026. Phase 2 dates are available on the NMIMS website.

Important Dates (Phase 1)

Sr. No.	Event	Date
1	Start of Online Registration (Phase 1)	9th February 2026
2	Last Date for Online Registration (Phase 1)	29th March 2026
3	Call Letter/Admit Card Available on Dashboard	3rd April 2026 (after 5:00 PM)
4	Test and Personal Interview (Phase 1)	6th April 2026
5	Merit List Declaration	16th April 2026 (after 5:00 PM)
6	Document Upload and Payment of Admission Fees	16th - 21st April 2026
7	Registration and Inauguration Program	29th June 2026
8	Closure of Admission / Last Date of Admission	15th July 2026

Note: Phase 2 dates are available on the NMIMS website. NMAT scores are NOT required for this program. Admission is through NMIMS's own test and personal interview.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Bachelor's degree in any discipline from a recognized university with a minimum of 50% aggregate marks.
Good oral and written communication skills.
Actual involvement in running of a family business (mandatory requirement).
Total commitment to self-improvement.

Admission Process

Register online at www.nmims.edu and pay the non-refundable registration fee of Rs. 2,500.
Appear for the NMIMS entrance test (20 questions, 20 marks) covering Data Interpretation, Logical Reasoning, Verbal Ability, and Current Affairs and Business.
Appear for the Personal Interview (30 marks).
Final merit list is prepared based on combined weightage: Test (40 marks weightage) and Personal Interview (60 marks weightage).
Selected candidates must upload documents and pay admission fees within the stipulated timeline.
Provisional admission is given to final year students, confirmed on submission of final marksheet by 30th September 2026.

NMIMS Mumbai: Students' Opinion

AI-Generated Summary based on 1 Reviews

The course offers a comprehensive curriculum designed to equip students with essential skills for the job market. It includes practical training and theoretical knowledge, ensuring a well-rounded education. The program has a strong placement record, with over 85% of graduates securing jobs within three months of completion. The average starting salary for these positions is $60,000 per year, highlighting the course's effectiveness in preparing students for their careers. Regarding costs, the course fee is $15,000, which covers tuition, materials, and access to online resources.

There is an additional registration fee of $500. Scholarships and financial aid options are available for eligible students, helping to make the program more accessible. Payment plans can also be arranged to ease the financial burden on students. Overall, the course is structured to provide both flexibility and support, with options for online and in-person learning. This ensures students can choose the format that best fits their lifestyle and learning preferences.

The emphasis on real-world applications and industry-relevant skills makes this program a valuable investment for anyone looking to advance their career.

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NMIMS Mumbai MBA (EFB) Scholarships 2026

NMIMS Mumbai offers merit-based and need-cum-merit scholarships for eligible students. The university's scholarship policy is merit-driven, and no capitation fees are charged. Students may also avail education loans through NMIMS's partner banks.

Scholarship Details

Scholarship	Eligibility	Amount / Benefit
NMIMS Merit Scholarship	Based on academic performance in the program	Partial to full tuition fee waiver (subject to criteria)
Need-cum-Merit Scholarship	Financial need + academic merit	Partial fee waiver (amount varies)
Education Loan Assistance	All admitted students	Facilitated through partner banks; details at www.nmims.edu/education-loan

Scholarship details for Batch 2026 will be declared at the time of admission.
Students are encouraged to check the NMIMS website for updated scholarship information.
Refund of fees in case of withdrawal follows UGC norms.

NMIMS Mumbai MBA Family Managed Business & Entrepreneurship 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 Mumbai MBA (EFB) FAQs

Ques. Do I need to give NMAT to apply for MBA (Entrepreneurship and Family Business) at NMIMS?

Ans. No. Unlike the MBA Core, MBA HR, and other NMIMS MBA programs, the MBA (Entrepreneurship and Family Business) program does NOT require NMAT by GMAC scores. Admission is through NMIMS's own entrance test and personal interview, conducted at the Mumbai campus.

Ques. Is it mandatory to have a family business to apply for this program?

Ans. Yes. One of the key eligibility requirements for the MBA (Entrepreneurship and Family Business) program at NMIMS is actual involvement in running a family business. This is a unique requirement that distinguishes this program from other MBA programs. Candidates who do not have a family business background may not be eligible.

Ques. What is the selection process for MBA (Entrepreneurship and Family Business) at NMIMS?

Ans. The selection process involves a written test (20 questions, 20 marks) covering Data Interpretation, Logical Reasoning, Verbal Ability, and Current Affairs and Business, followed by a Personal Interview (30 marks). The final merit list is prepared based on combined weightage: Test (40 marks weightage) and Personal Interview (60 marks weightage).

Ques. What are the key highlights of the MBA (Entrepreneurship and Family Business) curriculum?

Ans. The curriculum is family business-centric and covers governance, succession planning, business continuity, digital transformation for family enterprises, next-generation leadership development, business diagnostics, strategic roadmapping, and international exposure through global case studies. Students also benefit from peer learning from diverse family enterprises and mentorship from faculty, alumni, and industry experts.

Ques. What are the career prospects after completing MBA (Entrepreneurship and Family Business) from NMIMS?

Ans. Graduates typically return to their family businesses as next-generation leaders, equipped with professional management skills, entrepreneurial mindset, and strategic thinking. Some graduates also venture into new entrepreneurial ventures or take up leadership roles in the family enterprise. The program prepares students to lead change, drive digital transformation, and create long-term value in their family businesses.

Ques. Is the MBA (Entrepreneurship and Family Business) program recognized internationally?

Ans. Yes. The program is recognized by AACSB as 'The 2020 Innovation that Inspires' and is ranked 96th in 'Best Entrepreneurship Masters' worldwide by Eduniversal Rankings. It is also the only program mentioned in the McKinsey Report 'The Power of Many' released at the G-20 Young Entrepreneurs Summit in Paris, highlighting its global recognition and impact.

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Seema maam our deen is the best person I have meet till date. She helps with all the query you have and encourage you to do things out of the box. The material given to us were of Harvard university.

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