IIM Calcutta Post Graduate Certificate in Family Business Management

Course Starts: Tentative Start date - June 2020


Admission: Coming Soon

Delivery type

Classroom in your city

Course Duration

12 Months

Deadline to apply

Tentative Start date - June 2020

Course fee

₹ 3,85,000

Class timings

Sundays: 3.30 p.m. to 6.30 p.m.

Course Overview

“Uneasy lies the head that wears a crown.” – William Shakespeare Family-owned businesses, big and small, account for over 80% of businesses in India and are a significant contributor to the country’s GDP. Management of family-owned businesses also pose a unique set of legacy challenges that include vision, sustainability, continuity, succession, governance, etc. In today’s rapidly evolving dynamic business environment, it is essential for owners, inheritors, successors, scions and even top management of family-owned businesses to have a nuanced view of global best practices in managing, sustaining and growing such businesses.

Programme Overview

The Post Graduate Certificate in Family Business Management offered by Indian Institute of Management-Calcutta (IIMC) is a focused programme that has been designed from a business owner’s perspective. The year-long programme has been developed to educate and enable owners/top-management of family-owned businesses to understand and learn how to tackle challenges in today’s ever-changing business environment.

Programme Highlights

Besides inculcating a pride of being a part of IIM Calcutta, one of the top 10 B-Schools in India and the pioneers of interactive learning in the Asia-Pacific region, the programme offers participants lasting value.

  • One-year programme comprising of intensive learning via an Interactive Learning platform and in-campus sessions at IIMC, Kolkata
  • Convenient learning schedule for working professionals
  • 10 days of in-campus sessions at IIM Calcutta by expert faculty
  • Peer learning through rich student profile & networking opportunities
  • Get a Post Graduate Certification and Alumni status by IIM Calcutta
Learning Outcomes
  • Develop the knowledge, skills and attitude of an entrepreneur
  • Appreciate the functional aspects of their businesses
  • Develop a strategy to grow their business and tackle competition
  • Develop skills and knowledge to take the business global

Course Detail

Programme Content

The one-year programme is delivered by IIMC faculty via the Interactive Learning platform; in-campus sessions; and an optional international study tour. The programme has been divided across 4 modules approximating a hundred 3-hour sessions.

Module 1: Fundamentals of Management (28 Sessions) *
  • Business Environment for Family Managed Businesses
  • Managerial Economics
  • Principles of Management, Concept of Professional Management, Communication & Networking
  • Business Planning & Strategy Formulation
  • Business Law & Taxation
Module 2: Entrepreneurship (6 Sessions) *
  • Entrepreneurial Success and Innovation
  • Introduction to Intrapreneurship
  • Establishing & Managing a Start-up
Module 3: Functional Areas of Business (37 Sessions) *
  • Financial and Management Accounting
  • Corporate Finance
  • Fund-raising for Business Growth & Expansion
  • Private Equity, Venture Capital & Corporate Valuation
  • Financial Planning & Wealth Management
    • MIS & Business Analytics
    • Sales & Marketing Management
    • Customer Orientation of Business
  • Operations Management
    • Lean Management
    • Total Quality Management
    • Just In Time
    • Service Operations
    • Supply Chain Management
    • OB and HR including Succession Planning
Module 4: General Management (29 Sessions) *
  • Innovation & Corporate Strategy
  • Effective Negotiations
  • Corporate Governance & Business Ethics
  • International Business: Taking your Business Global

*Indicative number; actual number of sessions in modules may vary. Each session will be of 3 hours duration.


The programme will ensure intensive immersion through the Interactive Learning (VIL) platform as well as in-campus sessions. Teaching methodologies include

  • Interactive Discussion
  • Projects & Assignments
  • Case Studies
  • International Study Tour (Optional)
Programme Delivery

The Interactive Learning component forms the core of the PGCFBM. Instructors facilitate learning via two-way audio/video synchronous telecommunication mode from the studios set up at IIM Calcutta campus. The technology allows the instructor to use slide presentations, video, audio, whiteboards, etc., to effectively communicate ideas and interact with participants.

Pan India Network of Learning Centres

70 learning centres spread across 37 cities all over India.

Class Schedule

The classes will be conducted once a week. Each class will be of 3 hours duration.

Sundays: 3.30 p.m. to 6.30 p.m.

Campus Visit

Besides sessions delivered across the Interactive Learning platform, the programme also includes 10 days of in-Campus modules of face-to-face sessions at the 135-acre IIMC campus in Kolkata. Split into 2 modules of 5 days each (one each at the beginning and end of the course), the in-Campus sessions would be held by IIMC faculty as well as guest faculty invited because of their domain expertise. There will be two campus visits, each of 5 days, at IIMC campus, Kolkata.

  • 1st Campus Visit: 5th to 9th November, 2019
  • 2nd Campus Visit: TBD
Who Should Attend
  • The owners/scions of Family Managed Businesses
  • Senior Managers who report to the owners of Family Managed Businesses
Eligibility Criteria
  • Bachelor’s degree in any discipline
  • Must be an Owner/Scion of Family Business
  • Member of top Management (reporting to Business Owner) with at least 10 years of work experience

Faculty (Programme Directors)

Assessment & Certification

  • Evaluation Methodology includes Written Tests, Assignments & Online Examination
  • Successful participants will receive a Certificate of Completion
  • Other participants will receive a Certificate of Participation

After successful completion of the programme, students will be conferred with Postgraduate Certificate in Family Business Management directly by IIM Calcutta

Date & Fees

Programme Fee Structure
Processing FeeINR 20,000/-*
Course FeeINR 325,000/-*
Campus FeesINR 60,000/-*
Total Fee (exclusive of Application Fee)INR 385,000/-*

*Excludes GST at 18%


  • Processing fee contains INR 2,500 towards application fee & INR 17,500 towards the total course fees.
  • Processing fee of INR 20,000 is refundable in case the participant’s profile is rejected by IIM Calcutta
Instalment Schedule
On Selection10th December, 201910th March, 202010th May, 2020
INR 67,500/-*INR 100,000/-*INR 100,000/-*INR 100,000/-*

*Excludes GST at 18%

Important Dates
Application End Date31st August, 2019
List of Selected CandidatesRolling – every month
Date of 1st InstalmentOn Selection
Induction Date15th September, 2019
Date of 1st Class22nd September, 2019
Programme End DateAugust, 2020