FPM [Fellow Programme in Management]: Course Details, Eligibility, Admission, Fees

Duration: 4 Years
Avg Fees: ₹5 - 10 LPA
Kripal Thapa
Kripal Thapa

Updated on - Jan 4, 2023

FPM is a 4 year full-time residential doctoral program in management that deals with various aspects of management and functional areas. Some of the industry roles after the Fellow Programme in Management, India are Management Associate, Financial Writer, Professor, Relationship Manager, Senior Underwriter, Business Consultant, etc.

Table of Contents

FPM Course Details

Degree Doctorate
Full Form Fellow Programme in Management
Duration 4 Years
Age No age limit
Minimum Percentage Minimum 50 % in any Masters programme or Minimum 50% in Undergraduate Engineering Programme
Average Fees ₹5 - 10 LPA
Similar Options of Study PhD Master of Business Administration
Average Salary INR 6-10 LPA (Source:Payscale)
Employment Roles Business Development Manager, Operations Manager, Financial Writer, Management Representative, Relationship Manager, Professor etc
Top Recruiters HCL, IIM, IBM

About FPM Course

FPM full form stands for Fellow Programme in Management. It is a residential doctoral program specializing in field management and functional areas. FPM course details provide enhancement of abilities to provide a real-time solution to the management hurdles in organizations of various kinds forms the crux of the FPM course.

Job roles after FPM degree include Operations Manager, Financial Writer, Relationship Manager, Underwriter, Management Associate, etc. FPM course has incorporated the significant changes that have taken place in the field of management studies. 

Eligibility Criteria for FPM

FPM eligibility requires securing a minimum of 55% marks in their postgraduate from a recognized institution. The candidates need to have a degree in MBA or relevant postgraduate courses such as M.A, MCA, M.Com, M.Sc, M.Tech, etc. Certain colleges also conduct entrance examinations for the admission procedure. There is no minimum age limit for applying to the FPM course. FPM admission is offered to candidates who satisfy the basic eligibility criteria. 

Who Should Pursue FPM Course?

The FPM programme is a doctoral program in management. It concentrates on the research of managerial aspects. For individuals that want to stand out in their industry, the following things should be taken into consideration while choosing an FPM programme.

  • Candidates must sincerely care about the topic.
  • If a student has a Master's degree in a relevant field with 60% of the total aggregate, they should be able to enrol in the course.
  • Candidates can enrol in the course to hone and expand their management abilities after at least a year of relevant experience.

When To Do FPM Course?

Both nationally and internationally, FPM offers a variety of professional opportunities. Any time is a good time to pursue FPM. The following are a few variables that impact FPM:

  • Before pursuing a career in FPM, it is best to have at least a year of experience as a Manager in an industry. Even if it is not necessary, gaining weight while being welcomed is an excellent thing.
  • Candidates must have three to five years of professional experience if they plan to study FPM overseas.
  • Due to the high expense of the programme, it is advised to have some resources on hand and work experience before enrolling in FPM.

How to Get Admission to FPM?

For admission into the FPM degree duration, aspirants of the course need to meet the eligibility demands. The Fellow Programme in Management eligibility is completing the Masters's degree with a minimum of 55% marks from a recognized college or university. FPM admission procedure can be based in two ways, either through merit or an entrance-based selection process. Applications for the admission process and other relevant details are available on the college website.

The admission details for the Fellow Programme in Management course are listed below: 

How to Apply?

Aspirants of the course are required to visit the website of the concerned institution through which they can begin their application process. FPM admission registration can be carried out through both online and offline procedures.

For the online method: Students are required to log in to the college portal, create an ID, fill in the application details and make the application payment online.

For the offline procedure: Candidates need to visit the college admissions office, collect the application form, fill in the details, submit the form and make the registration payment through available methods.

For both processes, valid documents need to be submitted for the verification process. After the submission of the registration form, candidates will receive further correspondence from the respective institutes. Before applying for the admission process, aspirants of the course must ensure they satisfy the FPM eligibility. 

Selection Process

The selection process for the FPM course is primarily based on the candidate’s performance in the postgraduate degree duration. For certain FPM colleges, admissions are strictly offered to candidates who pass the entrance exam process. The admit card and other details are notified on the college website beforehand. Candidates can view the results of the admission process by logging in to the college website or receiving it personally via email. 

Types of FPM Courses

Aspirants can pursue the course in full-time or part-time mode. Below are the types of FPM courses in detail:

Full-Time FPM

A two-year, full-time FPM is available. Practical knowledge is more important than theoretical understanding in this line of work. A full-time course allows students to connect closely with teachers and other students, thus expanding their exposure, experience, and knowledge.

Part-Time FPM

There is a part-time FPM. In this line of business, practical expertise supersedes theoretical comprehension. The advantage of a part-time FPM is, it allows candidate flexibility to work while studying.

Distance FPM

When pursuing an FPM after having a bachelor's degree but lacking the time to attend traditional sessions, distance learning is the ideal option. Depending on the candidate's schedule, it takes two or three years to finish.

FPM Specializations

FPM is a doctoral program that offers candidates research in the field of management. There are many specializations offered to the candidate for FPM courses in India. Here are some of the specializations got FPM:

  • Decision Sciences
  • Economic and Social Sciences
  • Entrepreneurship
  • Finance and Accounting
  • Marketing
  • Information Systems
  • Public Policy
  • Strategy
  • Productions and Operations Management
  • Business Policy
  • Food & Agri-business
  • Innovation and Management in Education
  • Organizational Management
  • Human Resource Management

The colleges offering the best FPM program in India often conduct entrance exams for the selection process. This ensures they select the best suitable candidates with the desired aptitude and skill set. Mentioned below are some of the notable entrance exams held during the selection procedure for the Fellow Programme in Management in India: 

A Quick Glance at the FPM Entrance Exams

FPM entrance exams are conducted by colleges to ensure they select the best candidates for the course duration. For preparation for the entrance exams, aspirants are required to study the course tenets tediously. They should conduct deep research into the question paper and format of the previous years. Other factors like regular practice and time management ensure they deliver a sound performance. Mentioned below is the general pattern of the entrance exam for the FPM course:

  • The mode of exam is online
  • The duration of the exam is 180 mins
  • The question paper is structured in an MCQ pattern
  • The mode of languages available are English and Hindi

Top FPM Colleges in India

The top FPM colleges in the country offer the best possible training to meet the professional's demands. Along with developing research and development skills, candidates are also specialized in the field of management studies to be able to handle real-time problems in various organizations.

With the best training at hand, a student of the course often garbs the best FPM package during the placement process and beyond. Listed below are some of the popular colleges in India for the FPM course: 

FPM Colleges in India

Sl. No.

Name of the Institute

Average Fees (INR)


IIM Bengaluru

23 LPA


Fore School of Management, New Delhi

3.4 LPA


IMT Hyderabad

44,000 PA


Chandigarh University, Mohali



IIM Visakhapatnam

10 LPA


IIM Lucknow

12 LPA



86,500 PA


Chandragupt Institute of Management, Patna



MDI Gurgaon



ISB, Mohali

50 LPA


Fellow Programme in Management's main goal is to prepare aspiring researchers for careers as inventive and skilled researchers as well as teachers in a variety of management topics. The greatest educational institutions for offering management degrees are IIMs, which are dispersed around the nation in different states.

Below is the list of IIMs offering FPM:

College Name Eligibility Fees (INR)
IIM Ahemdabad CA/ICWA/CS qualifications with at least 55% aggregate 10 LPA
IIM Calcutta Post graduation with a minimum of 60% aggregate marks. 27 LPA
IIM Bangalore ICWA, CA, and CS, with 50% scores 13 LPA
IIM Lucknow A master's degree with a minimum of 55% aggregate scores. 50,000 PA
IIM Indore A master’s degree in the relevant stream with 60% aggregate scores. 12 LPA
IIM Rohtak ICWA, CS or CA degree holders with a minimum of 50% aggregate marks are eligible to apply. 22 LPA
IIM Udaipur ICWA, CS or CA degree holders with a minimum of 50% aggregate marks are eligible to apply. 9 LPA
IIM Trichy 50% and 60% graduation marks in bachelor's and master’s degrees respectively.  1 LPA
IIM Kashipur A master's degree with 60% aggregate marks or they need to have either an ICWA or CS or CA degree.  10 LPA
IIM Kozhikode A master's degree or a PG diploma with a minimum of 55% aggregate scores. 9.5 LPA

Top FPM Colleges in Bangalore

Below is the list of colleges which are the top FPM colleges in Bangalore:

SL.NO. Institutions
1 IIM Bangalore
2 Christ University
3 CMS Business School
4 Alliance University
5 Reva University

Top FPM Colleges in Delhi

Below is the list of colleges which are the top colleges for FPM  in Delhi:

SL.NO. Institution
1 IIM Rohtak
4 Jamia Millia
5 Amity University

Top FPM Colleges in Mumbai 

The top colleges for FPM in Mumbai are given below:

SL.NO. Institution
4 Welingkar Institute of Management
5 K J Somaiya Institute of Management

Top FPM Colleges in Hyderabad

Check the Table below for the top colleges in Hyderabad:

SL.NO. Institution
4 University of Hyderabad

Top FPM Colleges in Kolkata

Check the Table below for the top FPM colleges in Kolkata:

SL.NO. Institution
1 IIM Calcutta
2 IMI Kolkata
4 Calcutta University
5 J.D. Birla Institute

Top FPM Colleges in Government Colleges 

Government Colleges that offer FPM are affordable and cater to the economically backward and financially despondent section of society. Here is a table of government colleges offering FPM:

Sl.No Institution
1 IIM Ahemdabad
2 IIM Calcutta
3 IIM Rohtak
4 IIM Kozhikode
5 IIM Lucknow

Top FPM Colleges in Private Colleges

Numerous prestigious universities in private universities offer a range of FPM programmes. Numerous famous schools and universities are located throughout the country. The top universities that offer an FPM are listed below:

SL.NO. Institutions
1 NMIMS Mumbai
2 SPJIMR Mumbai
3 XLRI Jamshedpur
4 SIBM Pune
5 Amity University, Noida

Study FPM Abroad

Students may decide to enrol in an international programme at FPM if they can afford it. The length of an international FPM programme can range from one to two years, depending on the course, the college, and the nation.

Students may access some of the best facilities, lecturers, and resources, as well as a global perspective on the subject and various cultures when they study for an FPM abroad.

Top FPM Colleges Abroad

The table below contains the list of some of the best colleges abroad for FPM:

Institution Fees 
University of Toronto, Canada CAD 78,533.02
University of British Columbia, Canada CAD 81,034.07
Technical University of Munich, Germany EURO 20,474.12
Teeside University, UK GBP 16,407.95
University of Alberta, Canada CAD 40,350.30
Coventry University, UK GBP 31,100.03
University of Texas, USA USD 51,190.40
London Business School, UK GBP 24,022.10
University of Greenwich, UK GBP 46,742.32
University of East London, UK GBP 24,448.80

Top FPM Colleges in the USA

The USA is home to some of the greatest organisations and colleges in the world that provide the best programmes in FPM. The following table lists the top American colleges and universities that offer an FPM:

SL.NO. Institutions
1 Harvard University
2 Texas A&M University
3 Northeastern University
4 Arizona State University
5 Massachusetts Institute of Technology

Top FPM Colleges in the UK 

One of the most sought-after degrees offered by UK universities is an FPM. The best universities offering an FPM in the UK are shown in the table below:

SL.NO. Institutions
1 Coventry University
2 London Business School
3 Teesside University
4 University of East London
5 University of Liverpool

Top FPM Colleges in Canada

Canada is a fantastic alternative to think about for your FPM courses, giving a plethora of research opportunities to help you enhance your skills. Here are the top universities in Canada for FPM:

SL.NO. Institutions
1 University of Toronto
2 University of British Columbia
3 University of Alberta
4 McGill University
5 York University

Top FPM Colleges in Australia

Gaining knowledge and skills through an FPM in Australia can ultimately improve your chances of finding a job both in Australia and abroad. The best universities in Australia offering an FPM are shown in the table below:

SL.NO. Institutions
1 University of Melbourne
2 University of Sydney
3 RMIT University
4 Victoria University
5 Deakin University

Fee Structure for FPM

The FPM fees charged by a college depend on several underlying factors. Some of the factors that govern the fee structure of an institution are faculty, infrastructure, placement opportunities, and institutional facilities. The average FPM fees range from INR 5-10 LPA. mentioned below are the fee structures for various FPM degree colleges in India: 

FPM Course Fees

Sl. No.

Name of the Institute

Total Fee Structure (INR)


ISB, Hyderabad

4.7 LPA


IIM, Kolkata

13 LPA


IIM, Indore

10 LPA


Xavier's Labour Relations Institute, Jamshedpur



Management Development Institute, Gurgaon

6.3 LPA


IIM, Lucknow


Syllabus and Subjects for FPM

The syllabus of the FPM course is curated in a manner to provide the students with the best possible understanding of management studies. Students are trained professionally to meet industrial standards. The syllabus of FPM is divided into 8 semesters over a 4-year duration to make the course more flexible for the students. The core subjects for the FPM degree are mentioned below:

  • Financial Engineering
  • Research Methodology
  • Advanced Corporate Finance
  • Financial Econometrics
  • Behavioural Finance
  • Strategic Financial Management

Read More: FPM Syllabus and Subjects

Why Choose FPM Course?

The course of FPM enables a deep understanding of management in organizations among the students. The FPM durations provide the highest level of training to the candidates for handling real-time problems. By the end of the course duration, candidates are prepared and polished to enter various working sectors and provide a problem-solving approach for the same.

To understand ‘What is FPM course?’ and ‘Why Choose FPM?’, we need to ask the following questions:

What is FPM All About?

The full form of FPM stands for Fellow Programme in Management. It is a full-time doctoral degree specializing in the field of management studies and is well organized to provide the students with detailed insights into the concepts of finance, project management, operations management, behavioural finance, tax planning, security analysis, etc.

FPM course includes both core and elective subjects adopting a theoretical as well as a pragmatic approach. After the completion of the FPM degree, students of the course find employment in a variety of sectors. Some of the job roles after FPM durations include Relationship Manager, Financial Writer, Management Associate, Business Consultant, Insurance Underwriter, etc.

What Does an FPM Graduate Do?

Management studies is a fast-evolving sector that has gained a lot of prominence in the last couple of decades. Various organizations require different modes of managerial approaches. FPM students are trained to meet these industry challenges and provide solutions for the same. Various job roles are available to students after FPM course graduation in the fields of academia, research, finance, corporate firms, etc. 

Relationship Manager: The role of a relationship manager involves working closely with their client to help them with financial decisions. They research continuously new rules and regulations in the financial sector and set up meetings with their clients accordingly. The role requires the individual to have an in-depth understanding of banking’s rules and regulations.

Reasons Why FPM Can Fetch You a Rewarding Career?

The world of management is a lucrative sector for individuals that find a niche in the field. Understanding the workings and demands of various organizations is a tedious task. However, the ability to provide real-time solutions to management hurdles is in big demand in many esteemed organizations. The average salary of an FPM graduate ranges from INR 6-10 LPA (Source: Payscale). 

Lucrative Pay Scale: Many of the job roles after FPM offer a handsome starting salary. This is due to the fact that providing real-time solutions to management problems is in huge demand globally. With the right attitude and skillset, candidates can go to even higher levels of salary in due course of time.

Read More: FPM Jobs and Scope

FPM Course Comparison

The FPM programme covers a variety of subjects, including Research Methodology, Financial Economics, Written Analysis and Communication to name a few.  The table that follows compares other courses to the FPM programme.

FPM vs PhD

Below is a comparison between the FPM vs PhD:

Course FPM PhD
Full Form Fellow Programme in Management Doctor of Philosophy
Stream Management Doctorate
Duration 4 years 2 years
Eligibility Master’s in relevant field with 50% total aggregate. Master’s in relevant field with 50% total aggregate.
Top Colleges IIM Bangalore, IIM Kolkata, IIM Ahemdabad Jadavpur University. Residency University, St. Xavier’s University
Fees INR 5 - 10 LPA INR 50,000 - 1 LPA

Read More: PhD

Preparation Tips for FPM Course

Aspirants of the course should be well prepared with the various demands of the syllabus. Regular practice and mock practice should be conducted regularly to ensure they entail a pragmatic understanding of the course. Listed below are some of the preparation tips for the FPM course: 

Regular Practice: Practicing regularly all the important concepts in the course syllabus. Both the core and elective subjects should be paid equal importance.

Mock Practice: The professional industry continuously requires graduates to have a problem-solving approach. The mock practice of some of the problems in the industry helps the candidates in grasping the concepts better.

Time Management: The 4-year or 8-semester-long course demands a very tedious approach. Moreover, time management at the foundational level of studying the course will only help them in the professional world which requires time management as a central factor. 

Salary of an FPM Graduate

FPM graduates earn an average salary of INR 6-10 LPA in India (Source: Payscale). With due experience over time and the development of the right skills, the salary pay is bound to increase. Both the private and the public sectors offer handsome salaries for job roles after the FPM course. The areas of finance, management, academia, research, banking, etc all offer great scope for career growth after the FPM degree.

Read More: FPM Salary

Career options After FPM

The FPM course opens up multiple avenues of careers for graduates to choose from. Banking, finance, corporate management, academia, research, insurance and relationship management are some of the sectors that provide employment opportunities after the FPM degree. Fellow Programme in Management, India prepares skilled individuals to serve and provide real-time solutions to various management and organizational hurdles in the industry.

Mentioned below are some of the career roles after the course duration:

  • Financial Advisor
  • Financial Writer
  • Senior Underwriter
  • Relationship Manager
  • Development Manager
  • Assistant Manager
  • Management Executive

Skills That Make You the Best FPM Graduate

Academic reading and in-depth study of the course details are a must to understand the tenets of the syllabus. However, in a dynamic environment like management studies, one needs to have a certain set of skills at bay to succeed in the industry after graduation. These skills not only ensure lucrative pay upon joining but also provide great scope for career growth.

Mentioned below are some of the skills that make one the best candidate for the FPM course:

  • Communication skills
  • Analytical skills
  • Reasoning skills
  • Decision-making skills
  • Leadership skills
  • Emotional intelligence
  • Time management
  • Logistical skills