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 : 21 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 08 Jul 22

Ans. The IIM B test for getting into a fellowship program which is also known as RAT is difficult. It can be challenging if you haven’t prepared for CAT/GMAT/GRE/JRF in the past or took any kind of prep course. The examination includes theory questions from specific areas of Game Theory, Calculus, or other advanced techniques from standard undergrad syllabus but the examination syllabus isn’t limited to these topics.  IIM B test isn’t an aptitude test like CAT. As these are area-specific tests, a good weightage is given to the test score for evaluation. Read more
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Ques. How is IIM Rohtak for an FPM program?

● Top Answer By Aditi Guha on 04 Sept 22

Ans. IIM Rohtak’s FRM program is average at best. The number of faculties available is very few. So, the advisor keeps changing. Also, there is hardly any research work happening. You won’t get the proper guidance and training needed to continue the degree. The lack of a proper research interface makes it a poor choice for pursuing an FRM program. 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 Vijay Patnayak on 15 Sept 21

Ans. The Fellow Programme in Management (FPM) of IIM Kozhikode is a full-time, residential program and is a financially supported doctoral program as was once initiated by the institute.  Here is a breakdown of various vital points, The program is renowned for its rigorous, interdisciplinary training mandated in every domain of business management. The FPM graduates are one of the vital sources for management researchers, along the lines of faculty resources in top-notch educational domains, industries, businesses, governments, and societal advancements.  Two-thirds of the students belonging to the FPM program are now either placed at several national and international institutes. Applicants holding an Executive PGDM from IIM Kozhikode, the applicants bearing a PGDM (full-time 2-year program) from any of the IIMs, despite their establishment, can be exempted from taking qualifying tests.  Candidates would be eligible based on their recommendations, their profile and their qualifying scores. Candidates would have to further go through a personal interview (and/or written exams) at IIM Kozhikode. Read more
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