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