FPM Full Form, Eligibility, Admission, Duration, Stipend & Careers in India 2025

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Update on 12 Nov, 2025, 12:20 AM IST

The Fellow Programme in Management (FPM) is a premier doctoral-level program in management and business research. Offered by leading Indian Institutes of Management (IIMs) and top B-schools, the FPM course in India is designed for candidates aspiring to pursue advanced research or academic careers in management. In 2025, it stands as one of the most reputed pathways to become a faculty member, researcher, or policy expert in business and economics.

 

Table of Contents
  1. FPM Full Form and Course Details
  2. FPM Eligibility Criteria in India 2025
  3. FPM Course Duration and Fees in India
  4. FPM Admission Process 2025–26 in India
  5. Top FPM Colleges in India 2025
  6. Career Options After FPM in India
  7. Skills Required for FPM Students
  8. Scope of FPM Course in India 2025
  9. FAQs on FPM Course in India

 

FPM Full Form and Course Details

The FPM full form is Fellow Programme in Management. It is equivalent to a PhD in Management and focuses on developing analytical and research expertise in business disciplines.

Particulars

Details

Course Name

Fellow Programme in Management (FPM)

Course Level

Doctoral (PhD Equivalent)

Duration

4 – 5 Years

Stream

Research / Management

Eligibility

Postgraduate degree with valid CAT, GRE, GMAT, or GATE scores

Average Fees

₹1 – ₹3 lakh (stipend usually provided)

Admission Process

Entrance exam + Research proposal + Interview

The course emphasizes research methodology, quantitative techniques, and specialization in areas such as marketing, finance, strategy, and organizational behavior.

 

FPM Eligibility Criteria in India 2025

The FPM eligibility is aimed at postgraduate students or working professionals interested in management research and academia.

Criteria

Details

Educational Qualification

Postgraduate degree (Master’s) or equivalent in any discipline

Entrance Exams

CAT / GRE / GMAT / GATE / UGC-JRF (as accepted by institutes)

Minimum Marks

55% aggregate or equivalent CGPA

Age Limit

No specific upper limit

Additional Requirement

Statement of Purpose (SOP) and Research Proposal

Candidates with professional degrees such as CA, ICWA, or CS are also eligible for admission.

 

FPM Course Duration and Fees in India

The FPM course duration is generally 4 to 5 years, including coursework, comprehensive exams, and dissertation research.

Type of Institution

Duration

Average Fees (₹)

Stipend Offered

IIMs (Top Tier)

5 Years

₹1 – ₹2 lakh

₹35,000 – ₹50,000 per month

Private B-Schools

4 – 5 Years

₹2 – ₹3 lakh

₹25,000 – ₹45,000 per month

Universities

4 – 5 Years

₹1 lakh (approx.)

Based on university norms

Most institutes provide full tuition waivers and monthly stipends, making the program financially accessible to research scholars.

 

FPM Admission Process 2025–26 in India

The FPM admission process 2025–26 involves multiple stages, focusing on aptitude and research capability.

  1. Application Form: Submit online through institute portals such as IIMs, XLRI, or MDI.
  2. Entrance Exam: Appear for accepted tests (CAT, GRE, GMAT, or GATE).
  3. Research Proposal Submission: Outline the intended research area or topic.
  4. Interview: Shortlisted candidates are invited for a personal interview or research discussion.
  5. Final Selection: Based on test scores, academic background, and research aptitude.

Leading IIMs like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta admit only a limited number of candidates each year.

 

Top FPM Colleges in India 2025

Several management institutes in India offer FPM courses with world-class research infrastructure and academic mentorship.

Institute

Location

Approx. Stipend (₹/month)

Indian Institute of Management (IIM Ahmedabad)

Gujarat

₹45,000 – ₹55,000

IIM Bangalore

Karnataka

₹45,000 – ₹50,000

IIM Calcutta

West Bengal

₹40,000 – ₹50,000

XLRI – Xavier School of Management

Jharkhand

₹35,000 – ₹45,000

Management Development Institute (MDI)

Haryana

₹30,000 – ₹40,000

These institutions offer access to global research databases, exchange programs, and opportunities for international publications.

 

Career Options After FPM in India

The FPM course opens advanced academic and corporate research career paths.

Job Role

Average Salary (₹ LPA)

Job Description

Assistant Professor

12 – 20

Teaches management subjects and guides research at universities

Research Fellow

10 – 18

Conducts applied business research in academic or corporate settings

Policy Analyst

10 – 15

Works with think tanks and public institutions on economic policy

Corporate Strategist

12 – 25

Develops data-backed strategies for organizations

Consultant (Business/Research)

15 – 25

Advises firms on management and operational decisions

FPM graduates often move into academic, research, or consulting leadership roles, both in India and abroad.

 

Skills Required for FPM Students

A successful FPM scholar must combine analytical ability with academic rigor and curiosity.

  • Quantitative and qualitative research skills
  • Critical and analytical thinking
  • Academic writing and data interpretation
  • Teaching and communication skills
  • Knowledge of research software (SPSS, R, Stata)

These competencies prepare scholars for publishing research and teaching management courses effectively.

 

Scope of FPM Course in India 2025

The scope of FPM in India continues to grow due to the rising demand for research-driven professionals and management educators.

 

Graduates can:

  • Join IIMs, IITs, and business schools as faculty or researchers
  • Work with consulting firms and think tanks for policy development
  • Contribute to corporate research and innovation divisions
  • Pursue international research collaborations or postdoctoral studies

With education and research gaining national prominence, FPM graduates are among the most sought-after academics and strategists in 2025.

 

FAQs on FPM Course in India

What is the full form of FPM?

The FPM full form is Fellow Programme in Management, a doctoral program equivalent to a PhD in management.

What is the eligibility for FPM in India?

Candidates must hold a postgraduate degree with valid CAT, GRE, GMAT, or GATE scores and a strong academic background.

What is the duration of the FPM course?

The FPM course duration is generally 4 to 5 years, including dissertation and research work.

Is stipend provided in the FPM program?

Yes, most institutes offer a monthly stipend of ₹30,000 to ₹55,000, along with tuition fee waivers.

What are the career options after FPM?

Graduates can work as professors, researchers, consultants, or corporate strategists in academic and industry sectors.

Is FPM equivalent to PhD?

Yes, the FPM course is considered equivalent to a PhD in Management, recognized by UGC.

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