Executive Fellow Programme in Management (EFPM) Top Colleges, Syllabus, Scope, and Salary

Executive FPM is an executive level doctoral course in the domain of management. It is designed for the research-oriented mindset of business executives, managers, faculty members and academicians. There is no uniformity in basic eligibility criteria of the programme, where institutes like XLRI, IIMs, ISB, and BIMTECH require a master’s degree in management with minimum 55% or 60% marks along with relevant work experience of minimum 5 or 8 years. In case of admissions to MDI EFPM, scholars need a minimum of 10 years of working experience.

Top Institutes offering Executive FPM course are:

The annual fee of the course is again different for each institute and can be as high as INR 45,00,000. The IIMs and MDI have the lowest fee structure with a total fee ranging between INR 2,00,000 and INR 6,00,000.

The course is taught as a weekend residential or non-residential programme catering to the needs of working professionals and faculty. The duration of the programme shall vary between one year and eight years, depending on the institute. The completion of course is subject to thesis submission and approval.

Similarly, the admission process differs from institute to institute, where some institutes admit students on the basis of academic record, work experience and personal interview. Admissions to IIMs, BIMTECH and MDI shall be done on the basis of national level tests scores followed by final selection through personal interview.

Individual IIMs and BIMTECH conducts their own entrance exams popularly known as Research Aptitude Test (RAT) and BIMTECH’s doctoral entrance examination.

Being research based programme, Executive FPM trains its prospective scholars in becoming highly innovative researchers and teachers in management. On successful completion of the programme scholars are not offered any kind of placements rather it gives a deeper understanding of managing organizations they are working with. However, with research knowledge and experience one can always explore options in an industry of their specialization.

Executive FPM: Course Highlights

Course Level Research
Duration of Course 1 to 8 years
Examination Type Thesis Submission
Eligibility Master’s degree in management or other relevant disciplines with minimum 55% marks
Admission Process Merit or Entrance based and Personal Interview
Course Fee INR 2,00,000 – INR 45,00,000
Average Salary INR 14 Lac – INR 24 Lac
Recruiting Areas Research Institutions, Management Organizations , IT, Manufacturing, Energy/ Oil & Gas, Financial Services & Products, FMCG, Healthcare, E-Commerce, Infrastructure, Media & Advertising
Top Recruiting Companies IBM, Jindal Steel & Power, Reliance Industries Ltd., Samsung, GE & Grofers.
Job Profiles Assistant Manager, Senior Engineer, Senior Software Engineer, IT Analyst, Production Engineer, Process Engineer, Project Manager and Senior Quality Analyst

Executive FPM: What is it about?

The Executive FPM, being a weekend programme, helps business professionals to obtain knowledge in specific areas of management while continuing to work full time. The course systematical builds a foundation in management principles (for non-management stream scholars), core areas of specializations and thesis submission.

Some of the core subjects/knowledge domain taught during Executive FPM course includes:

  • Business Communication, Finance, Economics, Finance, Human Behavior & Organizational Development, Human Resource Management, Information Management, Marketing, Operation Management, Public Policy & Governance and Strategic Management.
  • Multivariate Data Analysis, Econometric Methods, Business Research Process and Qualitative Research Methods

Every scholar needs to choose a specialization at the time of admission for the purpose of thesis submission. Students can pursue research in the following specializations like Economics, Finance, Human Resource Management, Information Systems, Marketing, Organizational Behavior, Production, Operations & Decision Sciences, Strategic Management, Business Policy and Strategy, Economics and Business Environment, Finance and Accounting, Information Technology and System, Marketing Management, Operations Management and Organizational Behavior& HRM.

Executive FPM programme aims to enhance the research and consulting skills, increase understanding of research methodology and techniques in working professionals build on their past experience and academic achievements. The curriculum helps the scholars to maximize their effectiveness as a practitioner or educator.

While pursuing Executive FPM programme, scholars get an opportunity to network connections with other high level executives and faculty members. This fosters intellectual development and personal growth as an individual, as a working professional and as a contributor to the society.
 

Executive FPM: Top Institutes

Institute Name Location Fees in INR
Management Development Institute Gurgaon INR 2,00,000 (Approx.)
Indian School of Business Hyderabad INR 45,55,000
Xavier Institute of Management Jamshedpur INR 8,50,000
IIM Rohtak Rohtak INR 5,50,000
BIMTECH Greater Noida INR 87,000
IIM Ranchi Ranchi INR 6,50,000
Indian Institute of Management (IIM) Kashipur Kashipur INR 5,50,000
Indian Institute of Management (IIM) Raipur Raipur INR 5,53,000

Executive FPM: Eligibility

The eligibility criteria is different for each institute, however, a master’s degree in management or other acceptable streams is essential for all scholars along with relevant work experience. The details of eligibility criteria for each institute has been explained below in the table for better understanding:

Institute Name Eligibility Criteria 1 Eligibility Criteria 2
IIMs A Master’s degree in any discipline, with minimum of 55% aggregate marks or equivalent Or
A PGP/EPGP/PGPWE from IIMs with minimum grade point equivalent to 6.0 out of 10 point scale. Or
CA, ICWA, CS with minimum of 55% aggregate marks or equivalent. Or Five/four year Integrated Master’s degree programme in any discipline, with minimum of 55% aggregate marks after class 12th or equivalent
Or
B.E./B.Tech./B.Sc. Engg. with minimum 60% aggregate marks or equivalent.
Age should not be more than 55 years as on June 1 of the year applying for the programme.
&
Minimum 7 years of managerial/ entrepreneurial/ professional experience as on June 1, of the year applying.
ISB Bachelor’s degree or preferably an MBA or business-focused master’s degree. Minimum 8 years of professional working experience.
BIMTECH Master’s degree or equivalent in any discipline with at least 60% marks or equivalent with a Bachelor’s degree after class 12th.
Or Five year integrated Masters Degree Programme in any discipline with minimum 60% marks after class 12th or equivalent
Minimum of 5 years of managerial/ executive/ teaching experience
&
Minimum age limit is 28 years
MDI Minimum 10 years work experience in senior management positions.
XLRI MBA/PGDM or equivalent or GMP/PGPX or One Year full-time residential programme in Management with minimum 60% marks Full time employment and minimum 5 years of full-time executive/managerial/teaching/research experience as on March 31 of the year seeking admission
& Maximum age limit is 28 years.

Excellent written, verbal communication, an interest in research and connecting theory to practice are some among other skills required in a candidate.

Executive FPM: Admission Process

Admission process varies across institutes. Few institutes provide admission based on the candidate’s academic background and work experience. A few others would consider selection on the basis of acceptable entrance test scores. The final selection in all the institutes is done on the basis of personal interview. Given below is table listing the admission cum selection process of top institutes:

Institute Name Selection Process
IIMs CAT/GMAT/UGC-NET/GRE/GATE/RAT scores and personal interview
ISB Personal Interview
BIMTECH GMAT/UGC-NET/GRE/BIMTECH’s entrance examination scores and personal interview
XLRI Personal Interview
MDI GMAT/UGC-NET/GRE scores and Personal Interview.

Executive FPM: Syllabus and Course Description

Due to the nature and duration of the programme, there is no uniformity in the syllabus prescribed by most of the institutes. However, scholars are taught in the specializations offered by the institutes and areas of management.

Year 1 Year 2 Year 3
Strategy Doctoral Academic Writing I Doctoral Dissertation Research
Marketing Doctoral Academic Writing II -
Organizational Behaviour Teaching Methodologies -
Accounting Doctoral Dissertation Research -
Finance  - -
Operations Management - -
Business Models - -
Research Methodology Courses - -
Econometrics - -
Philosophy of Science - -
Qualitative Research & Survey Methods - -
Causal Inference - -
Introductory research Project - -

Executive FPM: Career Prospects

Executive FPM is meant to prepare executives for careers in management, teaching & research and also in management practice, development and consulting. One may even pursue the programme for transition of career from corporates to academics. The program is ideal for those management professionals working in educational institutions, corporate, government organizations who seek to deepen business knowledge and high-level research skills to cater to complex challenges in today’s business environment.

Depending on their work experience and exposure in the industry they usually work on job profiles like Assistant Manager, Senior Engineer, Senior Software Engineer, IT Analyst, Production Engineer, Process Engineer, Project Manager and Senior Quality Analyst for various departments in a company.

As individuals master in their field of specializations they can explore job opportunities in the following sectors/industry:

  • IT / ITES
  • Manufacturing
  • Energy/ Oil & Gas
  • Financial Services & Products
  • EPC
  • FMCG
  • Healthcare
  • E-Commerce
  • Infrastructure
  • Media/ Advertising

Some of the top companies that would hire successful EFPM scholars to include IBM, Jindal Steel & Power, Reliance Industries Ltd., Samsung, GE, Grofers, Emerson Network Power, Cognizant, Accenture, Genpact, Ernst & Young and more.

Executive FPM Salary Trends

Job Profile Job Description Salary in INR
Assistant Manager Assistant Manager is responsible for scheduling employees, training of new employees and the hiring of new employees. Performs the several other roles as per company’s requirement. INR 8 Lacs – INR 10 Lacs
Senior Consultant Provides expertise in the given specialization, works independently and in a team, responsible for the completion of part of a project and leads a small team. INR 14 Lacs – INR 16 Lacs
Project Manager Responsible for delivering projects meeting expected scope, budget, schedule and demand INR 14 Lacs – INR 24 Lacs
Senior Quality Analyst Involved in interactions with stakeholders, gathering information on requirements, provide analysis and plan for the future INR 10 Lacs – INR 15 Lacs

Executive Fellow Programme in Management : 23 answered questions

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Ques. How tough is IIM B test for getting into fellowship program at IIM Bangalore?

● Top Answer By Siddant Mittal on 15 May 23

Ans. Unlike CAT, RAT (Research Aptitude Test) is not a unified exam. Evert IIM conducts its own admission process for FPM and thus the pattern of RAT varies from IIM to IIM. One of the patterns is termed as minor RAT followed at IIMB and at a few other IIMs. The RAT consists of different types of CAT questions including questions on verbal skills, logical reasoning, quantitative etc. However, the quantity of questions is less and the questions are distributed differently. Questions are designed to determine minimum eligibility requirements and are not meant for elimination thus the overall test is not too difficult . It's important to note that the RAT pattern for each of the IIMs changes every year. Though some preparation definitely needs to be made for these exams, I would not suggest giving more time to prepare for interviews than the written exam.Read more
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Ques. How is IIM Rohtak for an FPM program?

● Top Answer By Riya Roy Chowdhury on 31 May 23

Ans. IIM Rohtak offers a full-time doctoral program in management or FPM (full-time). This program is designed for working professionals. The exams accepted for admission to this program are CAT/GMAT/UGC-NET/GRE/GATE (in relevant disciplines). Those who did not appear for any of these exams can sit for the RAT (Research Aptitude Test). Here are a few highlights pertaining to the program Duration 4 years Fees INR 7.46 lakh Common eligibility PG degree in any discipline/ CA, ICWA, or CS/ 4 year or 8 semesters Bachelor’s degree Selection CAT/GMAT/UGC-NET/GRE/GATE/RAT The Ph.D. specializations offered under this program are in the following disciplines Economics & Public Policy Finance & Accounting Marketing & Strategic Management Management Information System Organizational Behaviour & Human Resource Management Operations Management & Quantitative Techniques Overall, IIM Rohtak FPM is a great choice for those working professors who are looking for a decent program to upgrade their managerial skills and climb the corporate ladder.Read more
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Ques. What is the Fellow Program (doctoral program) at NITIE Mumbai?

● Top Answer By Akshat Singh Chowdhury on 16 Mar 22

Ans. NITIE Mumbai offers a doctoral-level fellowship program. Recognized by the Ministry of HRD , this program is equivalent to a Ph.D. of any Indian Institute.  NITIE Fellow program is interdisciplinary in nature and covers different facets of industrial, business, and social issues. Finance, Marketing, Economics, Operation Management, Organizational Behaviour, Sustainability, Corporate Social Responsibility & Ethics are some of the specializations of the fellow program.   There are two types of Fellow program admission, i.e. regular full-time candidates and sponsored candidates . Regular full-time candidates with valid GATE or NET JRF scores get financial assistance from the institute.  The course work for the first year is the same for all departments except three steam-specific courses. During the second semester of the program, the institute will assign you a guide as per the research proposal that you will submit during the time of admission. Read more
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Ques. What is the cost of doing FPM in ISB Hyderabad?

● Top Answer By Ritesh Agarwal on 26 Mar 21

Ans. It is to be cleared first that the FPM course is completely equivalent to a Ph.D degree. It takes approximately 4-5 years to complete, along with accurate learning and research work. The fact is that ISB generally pays Rs. 40000 as a stipend along with House Allowances to the candidates who are doing FPM on a full-time basis. Thereby you are not required to pay anything from their own pocket, but they can earn 40 thousand per month. However, the most important thing is that FPM requires accuracy to complete the study without spending money. So, you have to study with full accuracy, and earn support from this institute to carry on your personal and family expenses. You have to enroll as a full-time candidate and should not have any other source of income.  If you have any other second income, then it will not work. After completing this program, the student will get unlimited rewards, considering their knowledge and income.Read more
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Ques. How good is the FPM program in IIM Kozhikode and what are the requirements to get into it?

● Top Answer By Mahak Sengupta on 20 May 23

Ans. The FPM program at IIM Kozhikode is designed for individuals who wish to pursue a career in research and academia. It’s recommended to be less dependent on your guide and then your program will be easier. The only disadvantage is that married students get their degree first and then married accommodation. There is intense competency for married accommodations here. Here are a few pros and cons to determine the worth of IIM Kozhikode  Pros IIM Kozhikode is surrounded by natural beauty and has a beautiful campus You can get non-veg food outside the campus The institute boasts of stellar placements The institute is known for its huge emphasis on sports and excellent sports facilities. Cons Pathetic hostel facilities with sometimes 7 people sharing the same 2BHK in Housing block C&D. There isn’t any A/C faculty and students have to bear the terrible heat Lack of different mess and variety of cuisine. Most IIMs have South Indian and North Indian mess. Because of its natural beauty, it is home to many insects and mosquitoes. Poor faculty for some subjects with no option to change. Unnecessary restrictions and rules imposed on students. FPM eligibility criteria  For the IIM Kozhikode FPM program, candidates are shortlisted based on their academic performance, Qualifying examination scores, and Research Proposal. After shortlisting they are called for a Personal Interview. The minimum cut-off for the CAT, GMAT, GRE, GATE, and IIMB Tests is mentioned in the table below: Category Cutoff General 60 NC-OBC/ EWS 55 ST/ SC/ PwD 50Read more
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Ques. I've got two options, TAPMI PGDM and IRMA PRM. What should I choose?

● Top Answer By Alka Singh on 09 Mar 23

Ans. When deciding on an MBA program, it's important to consider your interests and career goals. If you have an inclination towards rural management, then IRMA would be an excellent choice for you. On the other hand, if you're looking for a general MBA degree and specific profiles post-MBA, then TAPMI may be the better option. If rural management is your area of interest, then IRMA should be at the top of your list. IRMA has a strong reputation for its rural management program and provides excellent opportunities for students interested in the field. On the other hand, if you're looking for a broader MBA degree and want to explore different profiles, then TAPMI may be a better fit. When it comes to post-MBA profiles, TAPMI provides a variety of specializations to choose from, including finance, marketing, human resources, and operations. This means that you can choose a specialization that aligns with your interests and career goals. Additionally, TAPMI has a strong reputation in the industry and attracts many top recruiters, which can enhance your job opportunities post-MBA. Ultimately, the decision between IRMA and TAPMI will depend on your individual interests and career aspirations. Make sure to research each program thoroughly and weigh the pros and cons of each before making a final decision.Read more
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Ques. How tough is it to get into FPM program in XLRI?

● Top Answer By Siddarth Ghose on 20 May 23

Ans. The difficulty of getting into the FPM program at XLRI varies from person to person depending on several factors. Some of these determining factors are the number of applicants, their qualifications, and the admissions criteria of the program. Here are the eligibility criteria of the FPM program that might give you an insight into the toughness of getting into FPM XLRI. A BE / B. Tech. degree or its equivalent with at least 60% marks (50% for SC/ST candidates) obtained after completing higher secondary education (10+2) or equivalent, and followed by at least 2 years of relevant work experience, A bachelor's degree/equivalent of minimum three years duration with at least 60% marks (50% for SC/ST candidates) after completing higher secondary education (10+2) or equivalent, and followed by post-graduation (MBA/Master's degree in any discipline) from a university or a center of higher learning in India / abroad with at least 55% marks (50% for SC/ST candidates), An integrated master's degree of four / five years in any discipline, with at least 55% marks (50% for SC/ST candidates), obtained after completing higher secondary education (10+2) or equivalent, A professional qualification like CA, ICWA, or CS with at least 55% marks (50% for SC/ST candidates) However, in general, the FPM program at XLRI is considered to be quite competitive, with a rigorous selection process that includes an application, an interview, and a written test. To increase your chances of being accepted into the program, it is important to have a strong academic record, relevant work experience, and a clear research proposal.Read more
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Ques. How is the FPM program at IIM Rohtak? Did any student leave it after the first year itself?

● Top Answer By Harshita Singhania on 31 Jul 21

Ans. My cousin recently joined the institute and has seen students frequently vacate the FPM program of IIM Rohtak. There can be several reasons for this. However, it is somewhat unlikely and vague as well. Especially, when considering the issues concerning the director, as is known by the students. Nobody can vouch for the scenario taking place at the institute. Thus, it is always the right choice to analyze what you are going for. It is suggested to stay updated with any information at all.Read more
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Ques. Can you become a professor in IIMs or IITs after FPM from new IIMs, like Rohtak or Raipur?

● Top Answer By Biplab Roy on 21 Jan 23

Ans. Becoming a professor from the new IIMs is definitely possible but rare. The FPM program offered at the new IIMs has varied peers some being freshers while some with Masters from foreign universities. The following things matter when selecting an Assistant Professor in a new IIM Your experience  The quality of your papers The chances are rare because most of the new IIMs have professors who have done Ph.D. from older IIMs like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta. Ph.D. is a program that totally depends on your performance and research. The initial years focus solely on research training and cannot be enough to make you eligible for faculty positions. So your chances are rare but not null.Read more
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Ques. How good is the placement scenario at iim kozhikode for fpm programme?

● Top Answer By Milind Padalkar on 14 Nov 22

Ans. The FPM or Fellow Program in Management at IIM Kozhikode does have its own placement program. This is because the batch size is very small.  But the FPM program in itself is such a meticulous one that all its students become scholars or researchers. The recent data confirms that most of its fellows have been placed in the top IIMs or other reputed Management Schools ranked high on NIRF. The only thing you need to be careful about is not delaying your thesis work and having good publications. If not you might face problems at the time of placements. The FPM degree has been renamed as the PhD and IIM Kozhikode provides excellent placements for the same.Read more
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Executive Fellow Programme in Management Colleges IN INDIA

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