IIM Lucknow FPM: Eligibility, Fees, Placements & Admission 2026

The Fellow Programme in Management (FPM) at Indian Institute of Management Lucknow (IIML) equips scholars with advanced research skills in areas like agribusiness management and decision sciences, starting with two years of PGP-level coursework followed by thesis work over four to five years. For IIM Lucknow FPM admissions 2026, candidates need a bachelor's degree with 60% marks and a master's with 45%, plus valid scores from CAT, GATE, GRE, GMAT, or JRF/SRF exams taken after January 1, 2024. The Executive FPM (EFPM) suits mid-career executives with 7+ years of experience, allowing thesis completion alongside full-time jobs at the Noida campus.

What is IIM Lucknow FPM, and How Does It Differ from EFPM?

IIM Lucknow EFPM suits executives with 7+ years of experience, offering part-time doctoral study at the Noida campus on alternate weekends, unlike the full-time residential FPM. Fees stand at INR 7.5 lakhs, with no stipend but alumni privileges, targeting senior roles in corporate research.

• Duration: 4 years, flexible for working professionals.
• Eligibility: Minimum 7 years full-time experience by March 31, 2026.
• Entrance: CAT 2023/2024 or GATE 2024/2025 scores.

EFPM scholars complete PGPWE coursework first, focusing on an applied thesis in sectors like finance.

IIM Lucknow FPM Eligibility Criteria for 2026 Admissions

Candidates for IIM Lucknow FPM must hold a bachelor's degree with at least 60% marks and a master's degree with 45% marks, calculated via institutional formulas or by dividing CGPA by maximum CGPA and multiplying by 100. Overseas applicants, including NRIs, qualify with GMAT/GRE scores from the past year. All public exams from the 10th grade require a minimum of 55% marks.

• Exemptions apply for IIM PGP alumni with a CGPA of 6/10, skipping first-year courses.
• Age limit for EFPM: Not exceeding 55 years as of March 31, 2026.
• Full-time employment is mandatory for EFPM with 7 years of experience by March 31, 2026.

Learn more about broader entry requirements in the IIM Lucknow Admission 2026 section.

IIM Lucknow FPM Selection Process Explained

Selection for IIM Lucknow FPM starts with shortlisting based on CAT (code J39-VT-47), GATE, GRE, GMAT, or JRF/SRF (UGC/CSIR/ICAR) scores from after January 1, 2024. Shortlisted applicants attend interviews assessing academic record, research potential, and proposal fit, held at Lucknow or Noida campuses.

• EFPM selection includes the PGPWE entrance exam in December 2025 at Noida, followed by interviews.
• Final offers weigh test scores (50%), interview (30%), and academics (20%).
• Notifications for EFPM exam invites go out by December 8, 2025.

IIM Lucknow FPM Application Process and Deadlines for 2026

Apply online via the IIM Lucknow portal for FPM by June 30, 2025, submitting scores, transcripts, and a research statement. EFPM applications open now for the 2026 batch, requiring an INR 1,000 fee (INR 500 for SC/ST), with interviews in early 2026. Submit one form per area of interest, like agribusiness management.

• Upload SOP detailing research goals and two references.
• Validity: CAT/GATE from 2024-2025; no waivers for scores.
• Admit offers valid only for the batch; no deferrals.

IIM Lucknow FPM Fees Structure

FPM carries no tuition fees, but covers contingency expenses; scholars receive stipends instead. IIM Lucknow EFPM fees stand at INR 7.50 Lakh total, payable in installments, covering coursework and thesis guidance without additional hostel costs for executives.

Compare with other programs on the IIM Lucknow Courses and Fees 2026 details.

IIM Lucknow FPM Stipend and Financial Support

IIM Lucknow FPM scholars get a monthly stipend of INR 35,000 in years one and two, rising to INR 40,000 in years three to five, plus a INR 30,000 annual contingency grant for research. EFPM participants self-fund via fees but access institute resources like libraries.

• Scholarships available for JRF qualifiers at UGC rates (INR 31,000-35,000 monthly).
• Conference travel grants up to INR 1.5 Lakh per year.
• Hostel accommodation free for FPM; executives use Noida facilities. 

Explore funding options in the IIM Lucknow Scholarships overview.

IIM Lucknow FPM Placements 

IIM Lucknow FPM graduates secure academic positions with starting salaries averaging INR 20 Lakh annually in 2024, including professor roles at institutes like IITs and industry research at firms such as Deloitte. Outcomes stem from faculty networks and summer research assignments.

• 90% placement rate in academia or consulting within six months.
• Top sectors: Higher education (70%), policy think tanks (20%).
• EFPM alumni advance to C-suite advisory roles with 25% salary hikes post-PhD.

View full reports on IIM Lucknow Placements.

IIM Lucknow FPM Curriculum and Specializations

The IIM Lucknow FPM curriculum begins with PGP-level core courses in finance and operations, followed by advanced seminars and a summer research project after year one. Scholars specialize in eight areas, developing theses under faculty advisors.

• Areas: Agribusiness, HR, marketing, operations, etc.
• EFPM mirrors PGPWE cores on weekends, plus thesis modules.
• Progression: Proposal seminar in year two, comprehensive exam by year three.

IIM Lucknow FPM Scholarships and Additional Aid

Beyond stipends, IIM Lucknow FPM offers need-based aid up to INR 1 lakh annually for low-income scholars, plus government schemes like UGC-JRF for extra INR 31,000 monthly. Married candidates get family health reimbursement and on-campus housing priority. 

Apply during admission; 15% of 2024 batch received extra funding.

IIM Lucknow Ranking 2025

IIM Lucknow ranks 7th in NIRF Management 2025 and 71st globally in Financial Times 2025, boosting FPM credibility for international collaborations. The program excels in research output, with alumni holding positions at global universities like Harvard Business School affiliates.

• NIRF 2025: 7/125 in Management.
• Outlook 2025: 4/25 in India.
• FT Global 2025: 71/100 for research impact.