PGP MFAB (Post Graduate Programme in Management for Family Business) is a 15-month part-time program designed for members of family-owned businesses, typically successors, promoters, or next-generation members being groomed to lead. The 2026–27 total program fee is ₹42.13 lakh plus GST (₹49.91 lakh inclusive of GST), covering tuition, materials, meals, accommodation during residencies, and the international immersion. The program uses a modular format with on-campus residencies at ISB Hyderabad interspersed with work, so participants continue running their businesses while studying. Selection is based on the Business Admission Test (BAT), profile review, and interview, GMAT and GRE are not required. The curriculum covers governance, succession, family constitution, professionalisation, and strategic growth, content that sits outside a standard MBA. With India’s family businesses projected to drive a large share of GDP by 2047, the program has become a serious option for G2/G3 successors seeking structured management education. Full MFAB program breakdown at https://www.goalisb.com/post/how-is-isb-mfab-as-a-family-business-management-program.