Fellow Program in Management (FPM): Eligibility, Admission, Career Scope & More

As the world evolves rapidly in business and learning, more individuals are interested in pursuing advanced research in management. This has pushed the growth of doctoral-level programs such as the Fellowship Program in Management (FPM) and PhD in Management. These programs are not merely about obtaining a degree. They transform students into researchers, educators, and future policymakers who can drive policy, strategy, and business expansion.

Firms now increasingly depend on facts, studies, and intelligent decision-making. Consequently, they appreciate the in-depth analysis provided by management experts. This has encouraged numerous students interested in exploring new concepts and seeking to make a lasting contribution to the corporate arena to opt for FPM or PhD in Management as a career option.

What Are FPM and PhD in Management?

Both PhD and FPM are higher academic degrees with an emphasis on extensive research in business and management. Both these courses are provided by India's leading universities and institutes, such as central universities and Indian Institutes of Management (IIMs).

Doctoral Programme in Management (PhD) is provided by most of the central universities as well as good management schools. However, the FPM is most commonly provided by IIMs and institutes such as LBSIM (Lal Bahadur Shastri Institute of Management) in Delhi.

Though both the programs lead to a doctoral degree, there are a few minor variations in the structure of how they are offered, in their emphasis, and the environment of learning. PhD programs tend to be more theory-based, whereas FPM programs are programmed to encompass practical learning and exposure to the industry too.

Key Differences Between FPM and PhD in Management

Here are some areas where FPM and PhD differ:

Aspect	FPM (Fellow Program in Management)	PhD in Management
Institutes	Offered by top management institutes like IIMs, LBSIM	Offered by universities and central institutes
Curriculum Focus	Focuses on real-world business problems	More theoretical and academic in nature
Admission Process	May include direct entry; some require tests like CAT/GRE/GMAT	Usually requires entrance exams and a research proposal
Coursework & Duration	Typically 4–5 years, with flexible and personalized learning	Also 4–5 years, but with a structured academic focus
Residential Requirement	Often full-time and residential	Can be part-time or distance-based in some universities
Career Outcomes	Research, teaching, consulting, and leadership with practical business impact	Research, academics, consulting, and policy roles

What To Choose: an FPM or a PhD in Management?

These programs give students who are truly inquisitive and want to go beyond what is studied in class a chance to pursue their interests. If you love asking questions, solving business problems, and coming up with new ideas, then an FPM or PhD is for you. Your research areas may range from finance to marketing to HR to strategy to operations, but whatever you do, your research will contribute to the functioning of businesses and organizations. This research can influence better decision-making, company policies, and social change.

These would be ideal for people who:

• Are looking to be professors or researchers in academic organizations
• Want to become involved in think-tanks or policy research
• Aim to be consultants or business strategists
• Want to actually affect leadership practice and corporate governance

Eligibility Criteria for FPM

To apply for FPM at institutes like LBSIM, here are the basic requirements:

• A postgraduate degree in any field with at least 60% marks
• OR a five-year integrated master’s degree with at least 60% marks
• Final-year students can apply, but they must submit their final results by October 15

FPM Fee Structure at LBSIM

• Non-working scholars: Rs. 60,000 per year
• Working scholars: Rs. 1,20,000 per year

Financial Support for FPM Candidates at LBSIM

Doctoral students are supported financially so that they can focus completely on their research. Here’s how LBSIM helps:

• Non-working FPM scholars receive Rs. 40,000 per month for the first two years.
• For the next two years (if performance is satisfactory), they receive Rs. 45,000 per month.
• The stipend is available for up to 4 years from the date of joining.

The researcher getting reimbursed for research-related expenses can get up to Rs. 50,000 as reimbursement for such expenses.

This grant then enables the candidate to fully commit to his or her studies while not worrying about income.

Universities Offering FPM in India

1. SPJIMR, Mumbai

• Program: Fellow Programme in Management (FPM), equivalent to PhD
• Eligibility:
  • Master’s degree or integrated master’s with first-class or equivalent GPA, or CA/ICWA/CS with ≥55% marks 
  • Valid CAT/GMAT/GRE/GATE/ATMA/UGC-NET/UGC-JRF scores required—waivers available for PGDM/MBA from top institutes 
  • Both freshers and professionals with 10+ years of experience are welcome

2. ISB (Hyderabad / Mohali)

• Program: Fellow Programme in Management in areas like Accounting, Strategy, Org Behaviour, Operations, etc. 
• Eligibility:
  • Eligibility details not fully listed in search; typically requires a master’s-level qualification and research interest

3. XLRI Jamshedpur

• Program: FPM is recognized as equivalent to a PhD by AIU
• Eligibility:
  • Specific criteria not detailed in viewable content; refers to standard eligibility for doctoral programs

4. FORE School of Management, New Delhi

• Program: Full-Time Fellow Programme in Management (FPM), AICTE-approved 
• Eligibility:
  • Master’s or equivalent degree in management, engineering, social sciences, humanities, or commerce, with first class from a recognized university

5. MICA, Ahmedabad

• Program: Four-year FPM focused on Strategic Marketing and Communication 
• Eligibility:
  • Details not listed in snippet; generally requires master’s-level qualification in relevant field

6. MS Ramaiah Institute of Management (MSRIM), Bengaluru

• Program: Full-time, residential FPM designed for academia and industry careers
• Eligibility:
  • Structured to impart research foundations and management knowledge; specific entry criteria not listed in snippet

7. Goa Institute of Management (GIM)

• Program: Four-year FPM aimed at careers in academia and practice, launched in 2020 
• Eligibility:
  • Not fully detailed in snippet, but typically requires master’s degree and research aptitude

8. IIM Lucknow

• Program: FPM equivalent to DBA, launched in 2000; specializations include Finance, HR, Strategy, etc.
• Eligibility:
  • Master’s degree or CA, ICWA, CS with ≥55% marks, valid CAT/GATE/UGC-NET/GMAT/GRE scores, followed by shortlisting and interview
  • MBA from any IIM leads to direct entry into second year

9. IIM Rohtak

• Program: Doctoral Programme in Management (DPM), formerly FPM, full-time and executive versions available 
• Eligibility:
  • Likely similar to other IIMs—requires postgraduate qualification and standard test scores

University / Institute	Program Name	Key Eligibility Highlights
SPJIMR, Mumbai	FPM	Master’s/integrated, test scores, freshers and professionals
ISB (Hyderabad/Mohali)	FPM	Doctoral-level master’s, research focus
XLRI, Jamshedpur	FPM	AIU equivalent, standard PhD eligibility
FORE School of Management	FPM	Master’s in varied disciplines with first class
MICA, Ahmedabad	FPM (Strategic Marketing)	4-year program; expected master’s basics
MSRIM, Bengaluru	FPM	Residential, prep for academia/industry
GIM, Goa	FPM	4-year, started 2020; research focus
IIM Lucknow	FPM/DBA	Master’s/CA etc., test scores, direct entry for IIM MBA grads
IIM Rohtak	DPM (FPM)	Doctoral-level, full-time/executive options

FPM vs. PhD in Management: Which One Should You Choose?

Both offer wonderful opportunities, but the right choice depends on your career goals. It is a perfect FPM option if you want to engage in classroom learning and also want to get in touch with the problems of the industry. It is aimed at working professionals, prospective academics, and consultants who want to generate new knowledge and influence management practices.

PhD in Management is also an honorable route for those interested in the "more conventional" academic approach; however, an FPM, such as the one at LBSIM, tends to lean more toward action research, pragmatic-based learning, and interdisciplinary thinking.

Why FPM Stands Out

Universities offer a unique FPM program that combines academic excellence with practical value. It is ideal for:

• Working professionals
• Consultants
• Aspiring researchers and teachers

Here’s what makes it different:

• Real-world impact through research-based learning
• Flexibility in designing your learning journey
• Custom courses under expert faculty
• Focus on action research (solving actual problems)
• Use of digital tools for enhanced learning
• Scholar-centric and outcome-focused approach
• Strong research culture and support for interdisciplinary topics

Specialization Areas in FPM

LBSIM’s FPM program allows you to specialize in various areas, including:

• Business Ethics
• Economics and International Business
• Finance and Accounting
• General Management
• Information Technology
• Marketing
• Organizational Behaviour and HR Management
• Strategy and Entrepreneurship
• Supply Chain Management

Choosing an FPM or PhD in Management is not just about getting a degree. It’s about stepping into a role where you can influence the future of business, research, and leadership. With the right program, like the FPM offered by LBSIM, you gain the tools, training, and support to become a thought leader. Whether you want to become a professor, an industry consultant, or a research expert, these programs help you create meaningful change in the world of management.

If you're curious, passionate about solving business problems, and eager to contribute to knowledge, the FPM or PhD in Management is your gateway to a rewarding and impactful career.

Common Questions Asked Regarding the FPM Program 

Q1. What are the Fellow Programme in Management (FPM) and Executive Fellow Programme in Management (EFPM)?
A. FPM is a full-time PhD-level program. EFPM is also a PhD-level program but made for working professionals or teachers in business schools. Both programs help students learn how to do deep research. They are approved by AICTE and recognized as equal to a PhD by AIU.

Q2. Who should apply for FPM or EFPM?
A. People who want to work in teaching, research, or consulting should go for these programs. You should be good in studies and interested in research. If you're working and want to do a PhD, you can join EFPM. It lets you study without leaving your job.

Q3. What do FPM/EFPM students have to do?
A. The program has two parts:

• Part 1: You attend weekend classes and complete coursework in 3 trimesters (around 1 year). Each subject has tests. If you are a CA, CS, or ICWA, you may get a waiver.
• Part 2: You work on your research thesis. You must prepare and defend your research proposal, write your thesis, and publish at least 2 research papers in top journals (like Scopus or Web of Science).

Q4. What is the selection process?
A. The process has three steps:

1. Entrance Test (Not needed if you have a valid CAT, GMAT, or UGC-NET score)
2. Research Proposal Presentation
3. Personal Interview
   Selection is based on your performance in all these steps.

Q5. What should be in the research proposal?
A. It should have:

• A problem or topic you want to study
• Review of past research on the topic
• Main questions or ideas you want to explore
• How do you plan to research the topic

This is not your final proposal. You can make changes later during the program.

Q6. Do I have to choose a subject area?
A. Yes. You must select a subject area from the list given in the brochure before starting the course. You will choose your area while filling the application form.

Q7. Can foreign students apply?
A. Yes. Foreign students can also apply. The rules are the same for them. More details are on the website and brochure.

Q8. What title will I get after finishing the program?
A. You will be given the title "Fellow in Management" after completing all requirements.

Q9. Is there any financial support or scholarship?
A. Yes. Scholarships are given:

• If you have a valid UGC-NET JRF or CAT score above 90 percentile:
  • Year 1: ₹50,000
  • Year 2: ₹55,000
  • Years 3 & 4: ₹60,000
     
• If you don’t have a UGC-NET JRF or CAT score above 90 percentile:
  • Year 1: ₹45,000
  • Year 2: ₹50,000
  • Years 3 & 4: ₹55,000

You can also get a one-time research grant of up to ₹1,80,000 to attend conferences or seminars in India or abroad.

Q10. Will I get hostel accommodation?
A. Yes, hostel rooms are available on a sharing basis, but only if there is space. The cost is very low.

Q11. Do FPM/EFPM students need to teach?
A. You don’t have to teach, but you may help in academic work like organizing events. Teaching is optional and can be decided with your supervisor. It can help you improve your teaching skills.

Not ready for a PhD or FPM? Let’s explore your other options- 

We get it. A PhD or FPM (Fellow Program in Management) is a big deal. It takes years of deep theory, long hours of research, and often a full-time commitment. But what if you’re already working? What if you're managing a business, leading a team, or making real-time decisions and you still want to learn more and grow?

If that sounds like you, then guess what? A traditional PhD or FPM may not be the best fit.

There’s another path.

• A smarter, more practical one.
• It’s called an Online Doctor of Business Administration (DBA).

Let’s explore how this powerful program could be the perfect alternative for professionals like you.

What is an Online DBA?

An Online DBA (Doctor of Business Administration) is a doctoral-level degree. That means it’s just as respected and valuable as a PhD but designed for working professionals.

While a PhD focuses more on theory and academic research, a DBA focuses on solving real-world business problems. It’s all about using research to improve decision-making, strategy, leadership, and innovation in actual business settings.

And the best part? You don’t have to quit your job. The online format gives you the flexibility to learn while you work.

Why is a DBA a Great Alternative to a PhD or FPM?

Feature	PhD / FPM	Online DBA
Focus	Academic theory & research	Practical, real-world business problems
Time Commitment	Full-time (4-6 years)	Part-time / flexible (2-3 years)
Mode	Often on-campus	100% online or hybrid
Ideal For	Academics & Researchers	Working professionals & business leaders
Output	Thesis with academic impact	Dissertation with practical solutions
Career Path	Teaching, Postdoc, Research	Leadership, Consulting, Strategy, Teaching

So, if you’re looking to stay in the corporate world, grow in your current role, or even start your own business, the Online DBA is tailor-made for you.

Who Should Consider an Online DBA?

• Mid-level and senior managers who want to move to executive roles.
• Entrepreneurs looking to scale their business with advanced knowledge.
• Consultants who want to sharpen their strategic edge.
• Working professionals who don’t want to pause their careers.
• MBA holders who want to take the next big step.

If you’ve ever asked yourself, “How can I solve this business challenge better?”, then you already think like a DBA student.

What Will You Learn in an Online DBA Program?

Every Online DBA program is a little different, but most cover these core areas:

• Advanced Business Strategy
• Leadership & Change Management
• Innovation & Technology in Business
• Financial Decision Making
• Research Methods for Business
• Data-Driven Management

But it’s not just about classes. You’ll also work on a dissertation or applied research project. That’s where you’ll take a real problem from your industry—and solve it using tools, research, and strategy.

How Does an Online DBA Work?

The beauty of the Online DBA is flexibility.

Here’s how most programs are structured:

• 100% Online Classes – Learn from anywhere, anytime.
• Recorded Lectures + Live Sessions – Fit learning into your schedule.
• Study Material Online – No need to buy big textbooks.
• Group Projects & Case Studies – Learn by doing.
• One-on-One Mentorship – Get expert guidance for your research.
• Final Dissertation – Apply your research to real-life business issues.
  Many universities also offer global faculty, networking opportunities, and even weekend workshops either online or in person.

Top Benefits of Choosing an Online DBA

Let’s look at what you gain when you choose a DBA over a PhD or FPM:

•  Real-World Impact: Your research won’t just sit on a shelf. It’ll be used in real business settings—maybe even in your own company.
•  Career Growth: A DBA opens doors to C-level roles like CEO, COO, and Chief Strategy Officer.
•  Flexible Learning: No need to leave your job or move to another city. You can learn from the comfort of your home.
•  Build a Powerful Network: You’ll meet business leaders, experts, and scholars from around the world.
•  Gain Respect and Authority​​​​​​: You’ll earn the title “Dr.” and become a recognized expert in your domain.

Where Can You Pursue an Online DBA?

Many top business schools and universities around the world offer Online DBA programs. Some names include:

• Swiss School of Business Management, Geneva
• Golden Gate University, USA
• University of Chester, UK
• SBS Swiss Business School
• Lincoln University College, Malaysia

In India, too, global programs are available through online education platforms like upGrad, Jaro Education, and Edureka.

Just make sure the program you choose is accredited, recognized, and fits your career goals.

What’s the Eligibility for an Online DBA?

Good news, most programs are designed for working professionals, so eligibility is simple:

• A Master’s degree (MBA, M.Com, PGDM, etc.) from a recognized university
• Minimum 3-5 years of work experience in business or management
• Some programs may require a Statement of Purpose (SOP) or an interview

That’s it! No entrance exam or long application hurdles.

Time to Take the Smarter Path

A PhD or FPM is great if your goal is pure academics. But if you’re someone who wants to apply knowledge to make a real business impact, then an Online DBA might be your perfect match.

It gives you the credibility of a doctorate, the flexibility of online learning, and the power to lead businesses in a smarter, data-driven way.

So, not ready for a PhD or FPM?

Don’t worry. Your next big move could be an Online DBA, and it might just be the smartest choice you’ll ever make. Various online universities are offering an Online DBA. Some of them are mentioned below- 

Universities	Fees
Birchwood Online University DBA Online	INR 6,00,000
Golden Gate University DBA Online	INR 8,14,000
Rushford Business School DBA Online	INR 8,12,500
ESGCI International School of Management Paris DBA Online	INR 8,14,000
EIMT Online DBA	INR 5,50,000
Swiss School of Business Management DBA Online	INR 7,50,000
Edgewood College DBA Online	INR 7,00,000

Conclusion  

If you want to grow in your career but don’t have the time or interest for a full-time PhD or FPM, the Online DBA is a smart and flexible choice. It lets you work and study at the same time, helping you solve real business problems with new skills and ideas. You still earn a respected doctorate and can aim for leadership roles or expert positions. With many good global universities offering Online DBA programs, it’s easier than ever to take the next big step in your career without pressing pause on your life or job.