FPM (Fellow Programme in Management)
What is Fellow Programme in Management (FPM)?
Candidates who are looking for a doctoral degree in management can opt for the FPM program. The Fellow Programme in Management (FPM) is a full-time doctoral programme that offers aspirants opportunities for research in different areas of Management. IIM’s and other B-School offer FPM to the aspirants who like to do some serious research across areas of Economics & Public Policy, Finance & Accounting, Management Information Systems, Marketing, Operations Management & Quantitative Techniques, Organizational Behaviour & Human Resource Management and Strategy. FPM begins with doctoral level courses from the very first day indicating its resolute focus on research training. Read on, to know in detail about the FPM program, scope, career opportunities and more.
Highlights of FPM
Fellow Programme in Management
Commonly Known as
What does it offer?
Studies in different fields of management and functional areas
to train prospective scholars to become highly skilled and innovative researchers and teachers in various aspects of management
Program Offered by
IIMs and other B-Schools
4-year doctoral-level management course, divided into 2 phases
Entrance exam to qualify
Based on performance in an entrance test such as CAT, GMAT, GRE, GATE, UGC, CSIR, etc.
To pursue FPM, candidates will have to meet certain prescribed eligibility criteria. Mentioned below is some of the common FPM eligibility criteria which candidates must meet to apply for the course:
Basic Eligibility Criteria of FPM
Master’s or Post Graduate Diploma (2 yrs) with at least 55% marks or equivalent CGPA.
Professional qualifications of CA, ICWA and CS with B Com/Degree with at least 50% marks or equivalent.
B Tech/4 year Degree with 6.5 CGPA or equivalent*
Also, a minimum of 12 months of professional experience, as most reputed institutes prefer candidates with work experience.
A valid GMAT/GRE/CAT /JRF scorecard.
Generally, candidates will have to figure out which B-school or IIM they want to opt for. In colleges, admission to FPM is provided based on the candidate’s performance in a relevant entrance test, conducted at any of State and national levels.However, some colleges also conduct their own entrance test as well. This is followed by a subsequent round of counselling. Candidates must be aware that counselling involves two additional rounds of Group Discussion and Personal Interview, wherein candidate’s general aptitude for the course is examined. A merit list is subsequently released by the institute allocating available seats to the qualifying candidates.
Top Fellow Programme in Management (FPM) Exams
While applying for the FPM programme, candidates will have to indicate their area of specialization. Once admitted, the students are not allowed to change their area of specialisation. Based on the pool of applications and suitability of the candidates, a specific area may decide not to offer admissions to students in an academic year. Mentioned below is the FPM Specialization areas which candidates can opt for:
Accounting - In this, students are trained to research contemporary issues in the field using the latest empirical research techniques.
Financial Economics - The programme exposes students to a stimulating breath of sub-disciplines within financial economics. In this, students are closely mentored by faculty to become skilled independent researchers and academicians.
Information Systems - In this student study topics in software product planning and pricing, human capital development in knowledge-intensive organisations, value of outsourcing relationships, impact of IT on firm value, society, and the organisation and value of social networks.
Marketing - In this students are trained to become top researchers and academics in the area of marketing.
Operation Management - In this student is trained to use quantitative tools and analytical frameworks from several disciplines to study managerial problems in areas such as supply chain management.
Organizational Behaviour - It emphasizes on the importance of individuals and teams to modern organisations.
Strategy - This prepares students to engage in research that addresses fundamental problems relating to business strategy.
Mentioned below is the course and syllabus of a FPM programme which includes the following topics.
Strategic Financial Management
Data Collection and Dissemination: Methods and Techniques
Financial Markets, Institutes, and Governance
Financial and Cost Accounting
Project Analysis, Evaluation and Financing
Economics: Theory, Policy and Applications
Security Analysis and Portfolio Management
Venture Capital and Entrepreneurial Finance
Fixed Income Securities
Public Expenditure and Financial Administration
Computer Application in Qualitative and Quantitative Research
Economic Growth and Development
Corporate Tax Planning
Written Analysis and Communication
Corporate Restructuring and Valuation
Advanced Corporate Finance
Salary package depends upon the job profile candidates opt for. However, an average salary varies from 5.75 lakhs to 60 lakhs per annum. Mentioned below are the top recruiters:
Greytip Software Pvt. Ltd.
Britannia Industries Ltd., etc.
HCL Infosystems Ltd.
AIM Technical and Management Services Pvt. Ltd.
Reliance Brands Limited
Scope of FPM
FPM programme is designed to enhance the candidates skill of conducting research in all areas of business management. Moreover, pursuing FPM helps candidates in creating publication-worthy work that matches international standards along with developing understanding of the global business scene. With this, candidates can find a lot of scope for themselves to grow and nurture, both in national and international markets. Completing FPM opens the door of MNCs and other reputed companies for candidates.Besides lectureship and research, candidates can also opt for private jobs at senior managerial levels where they can fetch position like:
Financial Management Advisory,
Assistant Manager (Marketing)
Logistics & Customer Service Officer
Careers Opportunities after FPM
Once candidates have completed the FPM programme, a lot of opportunities open form them. FPM develops candidates into management researchers and faculty resources of top quality for academic institutions, industry, business, government and society. Some of the prominent career opportunities after FPM are
Academic Careers - Candidates can opt for Professor, Lecturer in many prestigious National Institutes as enlisted below:
Corporate and other Careers - Doctorates are in high demand in a number of industries that require experts in their fields of business. Top global Management Consulting firms require them. Public Policy Institutes, Indian and global think tanks, large research firms, global organisations like the UN, World Bank etc. all look at hiring doctorates who have specialised in topics concerning their areas of research and implementation.
Public Sectors - The Government is another sector that doctoral candidates are absorbed into. They hire them as they have in-depth knowledge and expertise in that field.
Frequently Asked Question (FAQs) - FPM (Fellow Programme in Management)
Question: What is FPM program in MBA?
FPM or Fellow Programme in Management is a doctoral programme. Offered by the Indian Institute of Management (IIM) and other top B-Schools, it provides studies in various fields of business and management. It is a 4-year residential programme that aims to train participants for research and teaching.
Question: Is FPM equivalent to PhD?
Yes, FPM is equivalent to a PhD.
Question: Which IIM is best for FPM?
Indian Institute of Management Bangalore. It is ranked among top 50 B-School by Careers360.
Question: Who can apply for FPM?
Professional qualifications like CA, ICWA or CS with at least 55 % marks or equivalent grade point average. Five year/four year Integrated Master's degree programme in any discipline, with at least 55 % marks, obtained after completing higher secondary schooling (10+2) or equivalent.
Question: Is there any age limit to apply for FPM?
There is no age limit. However, some institutes do have the age limit factor, which ranges from 50 to 55 years of age.
Question: Is there any scholarship provided by B-schools to prusue FPM?
Yes, lot if B-schools provide scholarship to meritorious candidates or those having a strong or exceptional profile. However, scholarship criteria for FPM may vary from institute to institute.
Question: Will candidates get stipend while pursuing FPM?
Yes, FPM students do receive stipends. On average, the amount varies from Rs 25,000 to Rs 35,000 per month.
Question: Is it mandatory to have prior work experience to apply for FPM?
No. However, having prior work experience will add value to candidature.
Question: Which are some of top B-schools in India that offer FPM?
IIMs, XLRI Jamshedpur, ISB Hyderabad and Mohali, FMS Delhi, MDI Gurgaon are a few to name.