Fellow Program in Management or FPM is synonymous to PhD in Management. It is pursued by those who wish to get into the academia line, become professors or academicians in the future rather than working in offices or in corporate institutions.
I believe your aim is to work,  get into the management field, not into the academic line of management. So you can ignore that section. Though, students with graduation can do FPM, however usually they prefer students who have completed PG too.
All the  best!!

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