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    FPM (Fellow Programme in Management) - Course, Eligibility, Admission, Scope

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    FPM (Fellow Programme in Management) - Course, Eligibility, Admission, Scope

    Edited By Team Careers360 | Updated on Mar 13, 2023 08:00 PM IST | #FPM

    What is Fellow Programme in Management (FPM)?

    Fellow Programme in Management (FPM) is a full-time doctoral programme that offers aspirants opportunities for research in different areas of Management. Candidates who are looking for a doctoral degree in management can opt for the FPM program. IIM’s and other b-schools offer FPM to the aspirants who like to do some serious research across areas of Economics and Public Policy, Finance and Accounting, Management Information Systems, Marketing, Operations Management and Quantitative Techniques, Organizational Behaviour and Human Resource Management and Strategy. FPM begins with doctoral level courses from the very first day indicating its resolute focus on research training.

    Highlights of FPM



    Degree Name

    Fellow Programme in Management (FPM)

    Degree Type



    Four years


    Master’s or Post Graduate Diploma

    Admission Process

    Merit Based and GMAT/GRE/CAT /JRF scorecard

    Mode of Learning

    Full Time

    Career options after the course

    Professor, Lecturer, Project Manager,

    Top Recruiters

    HDFC Bank, HCL, Greytip Software, Britannia Industries, Reliance Brands Limited, AIM Technical and Management Services Pvt. Ltd.

    FPM Eligibility

    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:

    Eligibility Criteria of FPM

    • Master’s or Post Graduate Diploma (Two years) with at least 55 per cent marks or equivalent CGPA.

    • Professional qualifications of CA, ICWA and CS with B. Com/Degree with at least 50 per cent marks or equivalent.

    • B. Tech of four 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.

    FPM Admissions

    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

    GRE: The Graduate Record Examinations (GRE) is a standardised examination that is required for admission to many graduate programs in the United States and Canada.

    UGC NET: UGC NET test determines applicants' eligibility for assistant professor positions and/or Junior Research Fellowship awards at Indian institutions and colleges.

    CSIR UGC NET: The Junior Research Fellowship (JRF), Lectureship (LS), and Assistant Professor positions in Indian institutions and colleges are selected through the CSIR-NET, a national test.

    FPM Specializations

    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.

    Advantages of Fellow Programme in Management

    A doctoral degree programme in management is known as a fellow programme. It equips students with the abilities and information of numerous management professions and functional areas. FPM provides students with numerous opportunities to build up a career in academics as faculty members and outside academics as research professionals and analysts.

    FPM Course and Syllabus

    Mentioned below is the course and syllabus of a FPM programme which includes the following topics.

    We have mentioned below the syllabus of Fellow Programme in Management offered in IIM Kozhikode. The duration of the programme is five years. The first two years of the programme include coursework and other three years include thesis. The first and second year is divided into six semesters.

    Semester 1

    Mathematics for Management Research

    Organization and Market Economics

    Philosophy of Management

    Marketing Management

    Organizational Behaviour

    Financial Markets and Instruments

    Financial Accounting


    Semester 2

    Philosophy of Research

    Corporate Finance

    Probability and Statistics

    Economic Environment

    Semester 3

    Econometric Applications in Research

    Operations Management (3 credit) (OR) Leadership & Change management (2 credit)

    Multivariate Analysis

    Academic Writing

    Strategic Management

    Course of Independent Study

    Semester 4

    Qualitative Research I

    Area Courses

    One PGP Elective/ Cross-Area course


    Semester 5

    Qualitative Research II

    Area Courses

    One PGP Elective/ Cross-Area course


    Semester 6

    Pedagogy in Management

    Area Courses

    FPM Salary

    Depending on the job profile candidates choose, different salaries apply. However, the annual average compensation ranges from 5.75 to 60 lakhs. Here are some of the top recruiters:

    • Greytip Software Pvt. Ltd.

    • Britannia Industries Ltd.

    • HDFC Bank

    • HCL Infosystems Ltd.

    • AIM Technical and Management Services Pvt. Ltd.

    • Reliance Brands Limited

    • Institutes/Universities

    Scope of FPM

    The FPM programme aims to improve candidates' ability to do research across the board in business management. Additionally, pursuing FPM helps students in producing work that is publication-worthy and up to par with international standards as well as in building a grasp of the international business sector. Candidates might find a lot of room for growth and development with this, both in domestic and foreign markets. FPM completion allows candidates access to MNCs and other reputable businesses. Candidates may choose private employment at senior executive levels in addition to lectureship and research, where they may get positions such as:

    • Development Manager

    • Management Executive

    • Financial Management Advisory

    • Relationship Manager

    • Management Representative

    • Assistant Manager (Marketing)

    • Logistics & Customer Service Officer

    Careers Opportunities after FPM

    Numerous chances are available to individuals when they have successfully completed the FPM programme. FPM develops applicants into top-tier faculty resources and management researchers for academic institutions, business, government, and society. After FPM, some well-known employment options include:

    • Academic Careers - Candidates can opt for Professor, Lecturer in many prestigious National Institutes as enlisted below:

    • Corporate and other Careers - Numerous sectors that need professionals in their business fields are in high demand for professionals. Leading international management consulting firms need experts. Public policy institutes, Indian and international think tanks, sizable research companies, and international organisations like the UN and World Bank all aim to hire PhDs who have specialised in subjects related to their fields of study and application.

    • 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)

    1. 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.

    2. Is FPM equivalent to PhD?

    Yes, FPM is equivalent to a PhD.

    3. Which IIM is best for FPM?

    Indian Institute of Management Bangalore. It is ranked among top 50 B-School by Careers360.

    4. 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.

    5. 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.

    6. 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.

    7. 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.

    8. Is it mandatory to have prior work experience to apply for FPM?

    No. However, having prior work experience will add value to candidature.

    9. 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.


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    Questions related to FPM

    Have a question related to FPM ?

    Hello student,

    fellow programme in management, fcm is a postgraduate doctoral program which offers students to study in the different fields of Business and Management which is offered by top business schools and IIM. The course is arrange to help the students to make a bright future as lecturers or in research field. For fpm a candidate should have admit 60% marks in his graduation. You should go through the previous year question must should work on your own interest area for research. You should prepare well for the interview also.


    FMP or Fellow Programme is a unique and special  doctoral programme in management offered by none other than IIMS

    the Couse enables the individual  to understand the foundations of management and research methodologies and creates a perspective on existing body of management thought and develop  standards in  work.


    Candidates must have:

    Master’s degree WITH 60 PERC AGGREGATE


    Postgraduate Diploma (2 years) with at least 60 percent aggregate


    Professional qualifications CA, ICWA, CS  WITH BACHELORS .


    First Class/ equivalent Bachelor’s THIS HAS TO BE OF 8 SEMS


    There is no minimum CAT percentile or other qualifying exam score for shortlisting and admissions into the FPM programs (now PhD after passage of the IIM Bill). You have to understand that the purpose of the qualifying mark is to ensure an objective deduction of your basic skills . This is primarily used to measure your fit in the IIM system , primarily your ability to cope with the consistent level of academics , match with other candidates in one to ne discussions, and specifically the ability to understand and apply tough and rigorous statistical and methodological concepts in the pursuance of your PhD in your dissertation and attendant research/publications.

    That usually means that each interviewing panel is free to ascertain these abilities from each candidate and the overall CAT score or other requirements are a function of the combined presentation of other candidates. However, given the general increasing level of competition, it may not be safe to go into any CAT related exam / interview or evaluation with an under 90 Percentile score. If you do, you should have a capable defense of your considerations, why you think a lower score is enough for you to pursue a Phd and the general level of capabilities of your peers must also be sufficiently whittled (rofl) so that your scores may shine in comparison.

    IIMB has for example pursued a RAT to move away from a CAT specific evaluation of all incoming candidates but includes critical subject matter from Economics and Game theory as well as calculus to ascertain basic skills for FPM. Most Operations and DS areas conduct tests at different campuses or the RAT prior to FPM interviews because of their perceived unique requirements from candidates in terms of technical skills. IIMC also favors an additional round of qualitative or quantitative RAT to ensure no dependence on candidates CAT scores than the reading of basic aptitude and ability to cope with coursework

    That's a wrong question ! Not everything should be looked at from  scope point of view ,at least in today's India ,when there are choices available in different careers . I do hope ,the person asking this question belongs to that particular group of having the freedom to choose . Coming back to FPM , it's a PhD in Management subjects from IIM s and one should explore it only if they are interested in academics as a career option and huge hunger for research and analysing new topics . It's a very very intense course and unless and until one loves what he/she is aiming for , it's not at all easy to complete . The standards at IIMs are quite high and they give all facilities and support to the students to do FPM . Therefore huge amount of long term commitment is required in here. The knowledge level that you attain during an FPM is so great and enjoyable that it will put the candidate in a very different intellectual zone. The learning in itself is the reward for doing an FPM . Of course , once it's completed , one can opt for teaching roles in IIMs or other top tier MBA colleges or in Corporate . The salary levels are good in all the cases. As I said earlier , go for it only if you live academics.

    Hello Rohit,

    Based upon your CAT score and academic background, you have a bright chances of getting in to FPM programme in top colleges. Institutes gives more weightage to academic profile, score in any of the exam like CAT,  tests, and interview performance. You can consider the list of colleges for FPM programme.

    See the link below to know the
    FPM Colleges in India - Bschool - Careers360

    Good luck!!
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    The word “choreography" actually comes from Greek words that mean “dance writing." Individuals who opt for a career as a choreographer create and direct original dances, in addition to developing interpretations of existing dances. A Choreographer dances and utilises his or her creativity in other aspects of dance performance. For example, he or she may work with the music director to select music or collaborate with other famous choreographers to enhance such performance elements as lighting, costume and set design.

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    Talent Director

    Individuals who opt for a career as a talent director are professionals who work in the entertainment industry. He or she is responsible for finding out the right talent through auditions for films, theatre productions, or shows. A talented director possesses strong knowledge of computer software used in filmmaking, CGI and animation. A talent acquisition director keeps himself or herself updated on various technical aspects such as lighting, camera angles and shots. 

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    Copy Writer

    In a career as a copywriter, one has to consult with the client and understand the brief well. A career as a copywriter has a lot to offer to deserving candidates. Several new mediums of advertising are opening therefore making it a lucrative career choice. Students can pursue various copywriter courses such as Journalism, Advertising, Marketing Management. Here, we have discussed how to become a freelance copywriter, copywriter career path, how to become a copywriter in India, and copywriting career outlook. 

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    Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

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    For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

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    In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. Ever since internet cost got reduced the viewership for these types of content has increased on a large scale. Therefore, the career as vlogger has a lot to offer. If you want to know more about the career as vlogger, how to become a vlogger, so on and so forth then continue reading the article. Students can visit Jamia Millia Islamia, Asian College of Journalism, Indian Institute of Mass Communication to pursue journalism degrees.

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    Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

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    Content Writer

    Content writing is meant to speak directly with a particular audience, such as customers, potential customers, investors, employees, or other stakeholders. The main aim of professional content writers is to speak to their targeted audience and if it is not then it is not doing its job. There are numerous kinds of the content present on the website and each is different based on the service or the product it is used for.

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    Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

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    Linguistic meaning is related to language or Linguistics which is the study of languages. A career as a linguistic meaning, a profession that is based on the scientific study of language, and it's a very broad field with many specialities. Famous linguists work in academia, researching and teaching different areas of language, such as phonetics (sounds), syntax (word order) and semantics (meaning). 

    Other researchers focus on specialities like computational linguistics, which seeks to better match human and computer language capacities, or applied linguistics, which is concerned with improving language education. Still, others work as language experts for the government, advertising companies, dictionary publishers and various other private enterprises. Some might work from home as freelance linguists. Philologist, phonologist, and dialectician are some of Linguist synonym. Linguists can study French, German, Italian

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    Production Manager

    Production Manager Job Description: A Production Manager is responsible for ensuring smooth running of manufacturing processes in an efficient manner. He or she plans and organises production schedules. The role of Production Manager involves estimation, negotiation on budget and timescales with the clients and managers. 

    Resource Links for Online MBA 

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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

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    Quality Controller

    A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

    A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

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    Production Engineer

    A career as Production Engineer is crucial in the manufacturing industry. He or she ensures the functionality of production equipment and machinery to improve productivity and minimize production costs in order to drive revenues and increase profitability. 

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    Automation Test Engineer

    An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

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    Product Designer

    Individuals who opt for a career as product designers are responsible for designing the components and overall product concerning its shape, size, and material used in manufacturing. They are responsible for the aesthetic appearance of the product. A product designer uses his or her creative skills to give a product its final outlook and ensures the functionality of the design. 

    Students can opt for various product design degrees such as B.Des and M.Des to become product designers. Industrial product designer prepares 3D models of designs for approval and discusses them with clients and other colleagues. Individuals who opt for a career as a product designer estimate the total cost involved in designing.

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    R&D Personnel

    A career as R&D Personnel requires researching, planning, and implementing new programs and protocols into their organization and overseeing new products’ development. He or she uses his or her creative abilities to improve the existing products as per the requirements of the target market.

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    Commercial Manager

    A Commercial Manager negotiates, advises and secures information about pricing for commercial contracts. He or she is responsible for developing financial plans in order to maximise the business's profitability.

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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

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    ITSM Manager

    ITSM Manager is a professional responsible for heading the ITSM (Information Technology Service Management) or (Information Technology Infrastructure Library) processes. He or she ensures that operation management provides appropriate resource levels for problem resolutions. The ITSM Manager oversees the level of prioritisation for the problems, critical incidents, planned as well as proactive tasks. 

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    Information Security Manager

    Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

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    Computer Programmer

    Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

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    Computer System Analyst

    Individuals in the computer systems analyst career path study the hardware and applications that are part of an organization's computer systems, as well as how they are used. They collaborate closely with managers and end-users to identify system specifications and business priorities, as well as to assess the efficiency of computer systems and create techniques to boost IT efficiency. Individuals who opt for a career as a computer system analyst support the implementation, modification, and debugging of new systems after they have been installed.

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    Test Manager

    A Test Manager is a professional responsible for planning, coordinating and controlling test activities. He or she develops test processes and strategies to analyse and determine test methods and tools for test activities. The test manager jobs involve documenting tests that have been carried out, analysing and evaluating software quality to determine further recommended procedures. 

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    Azure Developer

    A career as Azure Developer comes with the responsibility of designing and developing cloud-based applications and maintaining software components. He or she possesses an in-depth knowledge of cloud computing and Azure app service. 

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    Deep Learning Engineer

    A Deep Learning Engineer is an IT professional who is responsible for developing and managing data pipelines. He or she is knowledgeable about analyzing and storing data collected from various sources.  A Career as a Deep Learning Engineer needs to help the  data scientists and analysts to create effective data sets.

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