SPJIMR PGP: Fees 2026, Course Duration, Dates, Eligibility

Andheri West, MumbaiEstd 1981
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Collegedunia Team

Content Curator | Updated on - Jul 18, 2026

SPJIMR Mumbai PG Program in Family Managed Business (PGPFMB) is a 15-month modular program designed exclusively for next-generation members of family-managed businesses. Running since 1997, it is one of India’s pioneer programs of its kind with over 4,000 alumni. The program meets six days per month on campus in Mumbai and includes an international immersion at a partner B-school in the US or Europe.

SPJIMR PGPFMB Overview

Source: @spjimr.org

📋 Admission Status: Applications are currently open. Batch commences 21 September 2026.

Key Points

  • Curriculum spans three structured phases (45 credits total) with four sector-specific elective tracks: Manufacturing, Retail, Real Estate and Infrastructure, and Services.
  • A senior family member (minimum second generation) must act as a designated mentor and participate actively throughout the programme as a required admission condition.
  • Participants present a Business Plan to faculty and mentors in month 13, with a Final Business Role Plan in month 15, making the family business the live project.

SPJIMR PGPFMB Fees 2026

Fees for the September 2026 batch are stated excluding GST. The table below reflects the total cost including mandatory GST at 18%.

Fee Component Amount
Programme Fee (excl. GST) INR 19,98 Lakhs
GST at 18% INR 3.59 Lakhs
Total Programme Fee (incl. GST) INR 23.57 Lakhs
Hostel (optional, triple-sharing) INR 1.41 Lakhs (incl. 5% GST)

Note:

  • Hostel is separate and mainly available for outstation participants.
  • Domestic and international immersion travel costs are not included.
  • Fees are subject to change. Verify with official sources before admission.
SPJIMR PGPFMB FEES 2026

Source: @spjimr.org

SPJIMR PGPFMB Admission 2026

SPJIMR PGPFMB Important Dates

Event Date
Applications Open (Rolling Basis) Year-round
September 2026 Batch Commencement 21 September 2026

Note:

  • Rolling admissions available for April and September batches.

SPJIMR PGPFMB Eligibility Criteria

  • Bachelor’s degree from a recognised university (any discipline).
  • Must be a member of a family-managed business with significant ownership stake (minimum second generation).
  • A senior family member must be willing to act as a mentor and participate actively throughout.
SPJIMR PGPFMB Eligibility Criteria

Source: @spjimr.org

SPJIMR PGPFMB Selection Process

SPJIMR PGPFMB Selection Process

Source: @spjimr.org

SPJIMR PGPFMB Admission Process

  • Submit an online application through the SPJIMR PGPFMB portal.
  • Appear for an Online Aptitude Test covering personality and business suitability.
  • Attend one or two interview rounds alongside the designated family mentor, including a presentation on the business and future plans.
  • Final selection considers candidate profile, aptitude result, nature of the family business, and mentor commitment.
SPJIMR PGPFMB admission process

Source: @spjimr.org

SPJIMR PGPFMB vs Other Colleges

Here is how SPJIMR PGPFMB compares with similar programmes for next-generation family business leaders.

College Fees Exams Cutoff Salary CD Rating
SPJIMR Mumbai PGPFMB 23.6 L (incl. GST) Own aptitude test Profile-based N/A (family business) 4.2/5
ISB Hyderabad PGP MFAB 49.9 L BAT (ISB) Profile + BAT score N/A (family business) 4.6/5
XLRI Jamshedpur PGDM BM 30.6 L XAT 94 percentile XAT (2026) INR 31.1 LPA (Avg, 2025) 4.4/5
MDI Gurgaon PGDM 21.7 L CAT 95 percentile CAT (2026) INR 29.5 LPA (Avg, 2026) 4.6/5

✓ Opt for this if

  • You are taking over a running family business and want a tailored programme
  • A 15-month modular format lets you attend without leaving your business fully
  • ISB PGP MFAB fees feel too high for the same targeted family business outcome
  • Your business is in Manufacturing, Retail, Real Estate, or Services

✗ Skip if

  • No involvement in a family business currently or in the near term
  • You want campus placements and a corporate career after the programme
  • A broader two-year MBA is preferred for functional depth and wider network
  • No senior family member is available or willing to commit as mentor

SPJIMR PGP Ranking

Ranking AgencyLatestPrevious
Collegedunia.com
#8 out of 350 (2026)
#3rd Mumbai
#10 out of 372 (2025)
India Today
#4 out of 270 (2026)
#2nd Mumbai
#2 Maharashtra
#3 out of 275 (2024)
#2nd Mumbai
#2 Maharashtra
Financial Times
#74 out of 100 (2026)
-
The Week
#6 out of 235 (2024)
#1st Mumbai
#1 Maharashtra
#2 out of 193 (2023)
#1st Mumbai
#1 Maharashtra
NIRF
#20 out of 125 (2025)
#3rd Mumbai
#4 Maharashtra
#20 out of 125 (2024)
#3rd Mumbai
#4 Maharashtra
Outlook
#2 out of 119 (2021)
#2 out of 155 (2020)
IIRF
#1 out of 120 (2026)
#1 out of 122 (2025)
The Times Of India
#3 out of 100 (2026)
#1st Mumbai
#1 Maharashtra
#2 out of 100 (2025)
#1st Mumbai
#1 Maharashtra

SPJIMR Post Graduate Program FAQs

Ques. How is PGPFMB different from a regular MBA, and when should a family business heir choose it over a two-year programme?

Ans. A regular MBA prepares you for corporate employment across any company. PGPFMB is designed for someone who already has a business to return to and wants to modernise it, not build a career from scratch. The curriculum, case studies, and elective tracks all use family business scenarios. The mentor model means your own business is the live project throughout. If you are joining the family business within one to two years, PGPFMB is the more focused investment. If your career path is still open, a two-year MBA gives more optionality.

Ques. What exactly is the mentor’s role in PGPFMB, and why is their participation mandatory?

Ans. The designated mentor must be a senior family member actively involved in the business, such as a parent or uncle who knows operations well. SPJIMR treats the mentor as a co-learner. They attend interviews as part of the selection process and participate in intergenerational knowledge-transfer sessions during the programme. The model treats effective family business succession as a two-generational process. A participant without a committed mentor cannot be admitted because the pedagogy depends on this pairing.

Ques. How does the six-day monthly format work for someone actively managing business operations?

Ans. The programme runs for six contact days per month on the Mumbai campus. Over 12 months, this totals 72 days of campus time, spread as one week per month. Sessions are designed to minimise business disruption, and you return to your operations for the remaining three weeks each month. This structure specifically assumes participants hold active business roles. If your business is in a city far from Mumbai, factor in monthly travel cost and time as an additional recurring expense.

Ques. What are the four sector elective tracks, and how should a participant choose among them?

Ans. The four tracks are Manufacturing, Retail, Real Estate and Infrastructure, and Services. Manufacturing covers process efficiency and supply chain, Retail covers market evolution and omnichannel operations, Real Estate covers project finance and regulatory navigation, and Services covers client management and scalability. Choose the track that aligns with your family business’s primary sector. If your business spans multiple sectors, SPJIMR’s admission team can guide you toward the track with the most strategic relevance to your growth priorities.

Ques. Since PGPFMB has no campus placements, what does SPJIMR consider a successful outcome for graduates?

Ans. The programme does not offer placement services because the expected outcome is business leadership, not job placement. A successful graduate returns with a fully developed Business Role Plan (presented in months 13 and 15 of the programme) and a concrete growth strategy for the family enterprise. The 4,000-plus alumni network, access to Family Fridays events, and ongoing Samagam expert sessions constitute the post-programme value, supporting business decisions long after the degree is complete.

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