BBA in Family Business Management

In this article, we will have an in-depth analysis of BBA in Family Business Management. It is a job oriented Bachelor’s Degree management course. This article covers topics such as – course details, duration, eligibility, admission, colleges, syllabus, careers and salary.

BBA is a general management program. It focuses on subjects related to fundamentals of management. It also covers other relevant subjects.

 

There also exists numerous BBA specialization programs, which focus on a specific discipline or field. Such BBA programs cover basic management subjects as well as subjects related to the field of specialization.

 

BBA in Family Business Management is one such specialization program. This BBA course focuses on domains such as – family business and entrepreneurship.

 

Here’s an overview of BBA in Family Business Management course –

• Name of the course: BBA in Family Business Management
• Type of course: Bachelor’s Degree course
• Duration: 3 years
• Eligibility: Passed 10+2 (Arts, Commerce or Science) from a recognized board

 

What’s the academic program all about? What’s the course content like? What’s the scope associated with this specialization? You will find answers to these questions in the next section.

 

BBA in Family Business Management: Basic Details

In order to take over any business, you must possess adequate business skills and knowledge. This is where a course like BBA in Family Business Management comes handy!

 

The main aim of this course is to instill business management skills in students. The academic program trains students and makes them capable of taking over family business or even starting a new business.

 

A typical family business is led by a single person (usually the head of the family). In most of the cases, family businesses lack professionalism and work-culture found in corporate firms.

 

BBA in Family Business Management course also bridges this gap between the work culture of a typical family business and corporate firm. It does so by training students in fields such as –

• HR Management
• Marketing Management
• Finance Management
• Accounting
• IT (Information Technology)
• Computer Application
• Organizational Behaviour

 

Business practices keeps changing with technology. Earlier, there was little involvement of technology in family businesses. At present, for any business to thrive, it must adapt and make use of technology.

 

In this age of Digital India, business firms need managers who are knowledgeable about management skills as well as technology! BBA in Family Business Management course does a good job at this task and churns out managers who are capable of taking over family business.

 

Let us take a closer look at the course details. Here they are –

 

Course Details

 

Type of course

It is an undergraduate level Bachelor’s Degree management education program.

 

Duration

The academic program is 3 years long.

 

Eligibility

10+2 passed (Arts, Commerce or Science) from a recognized board.

 

Colleges

There exists many Government and Private colleges across India offering this course. Government colleges charge relatively lower fees than their private counterparts.

 

Admission

Reputed institutes rely on merit based admission process. Such institutes make use of relevant entrance test to select deserving candidates. Some institutes are also known to conduct their own qualifying test in order to select deserving candidates.

 

Some other institutes are also known to conduct direct as well as donation based admission process.

 

Syllabus

Here are some of the important subjects present in BBA in Family Business Management curriculum –

• Fundamentals of business management
• Business Communication
• Marketing
• Accounting
• Economics
• HR Management
• Family Business Management
• Organizational Behaviour
• Cost and Management Accounting
• Quantitative Techniques in Management
• Business Laws
• Business Ethics
• Strategic Management
• Operations Management
• Production Management
• IT (Information Technology)
• Entrepreneurship

Fees

Fees charged for the academic program may vary from one institute to another. Course fees depends upon the following factors –

• Type of institute (Government, Private, Aided etc)
• Location of the college
• Status and rating of the college
• Scholarship status (of student, if applicable)

 

Government colleges are known to charge low fees. Average fees in private colleges could be anywhere between 60-120K INR per semester.

 

PG courses and further studies

After completing the BBA program, candidates may take up a job/get involved in family business or go for higher studies.

Some of the notable PG courses are –

• MBA in Family Business
• Other MBA programs
• PG Diploma management courses
• PG Certificate management courses

 

Careers

After completing this academic program, graduates may take over their family business or start their own venture. Apart from that, they may also take on managerial roles at business firms.

 

Also read: Best management courses in India

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If you belong to a business family, you won’t have to deal with job-hunting! You may take up a role in your family business and gradually take over the venture!

 

Fortunately, the course also instills entrepreneurship skills in students. As a result, they may also start a new venture from scratch and turn it into a profitable business.

 

Apart from business and entrepreneurship, graduates may also take up managerial roles in the following firms –

• Business Houses
• MNCs
• Corporate Houses

 

Salary

Salary depends upon the type of work you take up after completing the course. If you become involved in family business, profit generated (by the business) will matter the most (rather than your salary).

 

Same thing rings true if you choose entrepreneurship. If you take up an Office job, starting salary could be anywhere between 20-50K INR per month. Remember that the starting salary depends upon the following factors –

Institute from which the candidate completed the course

• Level of education (UG, PG etc)
• His/her specialization
• The domain he/she has chosen
• Job location

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