ISB Hyderabad FPM : Fees 2026, Course Duration, Dates, Eligibility

Hyderabad, TelanganaEstd 2001
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Collegedunia Team

Content Curator | Updated on - Aug 17, 2026

ISB Hyderabad’s Fellow Programme in Management (FPM) is a full-time, residential doctoral programme equivalent to a PhD in Management, spanning 5 years across 7 specialization areas. All admitted scholars receive a full tuition waiver and a monthly fellowship of INR 65,000. The programme accepts GRE, GMAT, CAT, GATE, or JRF-qualified UGC NET scores. ISB is ranked #1 in India by the Financial Times Global MBA Ranking 2026.

📋 Admission Status: Admissions expected to open October 2026 (Tentative).


ISB FPM Fees 2027

ComponentAmount (INR)
Tuition FeeNil (full waiver for all admitted fellows)
Application Fee (non-refundable)INR 5,000
On-Campus AccommodationFree (subject to availability)
Total Tuition FeesNil (fully waived)
  • Application fee of INR 5,000 is non-refundable and must be paid at time of submission.
  • Monthly fellowship of INR 65,000 is provided to cover living expenses throughout the 5-year programme.

ISB FPM Admission 2027

EventDate
CAT 2026 Registration Closes15 September 2026
CAT 2026 Exam Date29 November 2026
FPM Application OpensOctober 2026 (Tentative)
FPM Application DeadlineJanuary 2027 (Tentative)
InterviewsMarch 2027 (Tentative)
Offer of AdmissionApril 2027 (Tentative)
Programme CommencementAugust 2027 (Tentative)
  • A valid score from GRE, GMAT, CAT, GATE, or JRF-qualified UGC NET must be submitted with the application.
  • ISB accepts CAT scores from the cycle immediately preceding the application deadline.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

  • 4-year undergraduate degree from an accredited institution, or a 3-year degree plus a postgraduate qualification in business, economics, engineering, mathematics, physics, computer science, or liberal arts.
  • Strong academic record with a demonstrated interest in research and a career in academia or research institutions.
  • Valid score from one of the accepted tests: GRE, GMAT, CAT, GATE, or JRF-qualified UGC NET is mandatory at the time of application.
  • Work experience is not required but prior exposure to a research environment is considered favourably.

Admission Process

  • Register and complete the online application on the ISB FPM admissions portal with all academic documents and test scores.
  • Shortlisted candidates are invited for an in-person interview with ISB faculty in March.
  • Final selection is based on academic record, research potential, statement of purpose, and interview performance.
  • Admission decisions and fellowship awards are communicated together in April.
  • Admitted scholars join the programme in August with on-campus registration and orientation.

✓ Opt for this if

  • Your goal is a research or faculty career in management or business.
  • You want a fully funded doctoral degree with a monthly stipend of INR 65,000.
  • You have a strong academic record and a clear research interest in one of the 7 areas.
  • You value ISB’s global faculty and research collaborations in a doctoral setting.
  • You are prepared for a 5-year full-time residential commitment at ISB.

✗ Skip if

  • You are seeking a management degree for an industry career rather than academia.
  • You cannot commit to 5 years of full-time residential study at ISB Hyderabad.
  • You do not have a valid score from any of the accepted entrance exams.
  • You prefer a part-time or executive doctoral programme over a full-time one.

ISB FPM Scholarships 2027

ScholarshipAmountEligibility
ISB FPM Monthly FellowshipINR 65,000 per monthAll admitted scholars for up to 5 years of the programme
On-Campus HousingFree (fully furnished)All admitted scholars subject to availability. Shared for single scholars and studio for married scholars
House Rent AllowanceINR 25,000 per monthScholars for whom on-campus accommodation is not available
Medical InsuranceCovered by ISBScholar, spouse, and up to 2 children
  • Fellowship awards and admission decisions are communicated together at the time of offer of admission.
  • No separate scholarship application is required as all admitted scholars receive the full financial package.
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ISB Hyderabad Latest Updates and News

05 Sep, 2026 ISB Hyderabad PGP Admission 2027-28 is open. Check below the course-wise application deadlines to apply- Read More.

  • PGP (Round 1) – Sep 20, 2026
  • PGP PRO (Round 2) – Nov 29, 2026
  • PGP MAX (Round 2) – Dec 6, 2026
  • PGP MFAB (Round 1) – Nov 29, 2026
  • PGP YL (Round 1) – Dec 20, 2026

ISB FPM FAQs

Ques. What financial support does ISB FPM offer admitted scholars?

Ans. ISB FPM offers a comprehensive financial package to all admitted scholars. This includes a full tuition waiver, a monthly fellowship of INR 65,000, and free on-campus furnished accommodation. If on-campus housing is unavailable, a House Rent Allowance of INR 25,000 per month is paid. Medical insurance is also provided for the scholar, spouse, and up to 2 children, for up to 5 years.

Ques. Which entrance exams are accepted for ISB FPM?

Ans. ISB FPM accepts valid scores from GRE, GMAT, CAT, GATE, or JRF-qualified UGC NET. Applicants must submit at least one valid score at the time of application. CAT 2026 is the current cycle exam, with registration open until 15 September 2026 and the exam scheduled for 29 November 2026. Applicants targeting the 2027 intake should plan their test accordingly.

Ques. Is work experience required for ISB FPM?

Ans. Work experience is not a mandatory requirement for ISB FPM admission. The programme is open to fresh graduates with a 4-year undergraduate degree or a 3-year undergraduate degree plus a postgraduate qualification in relevant disciplines. Prior research exposure is valued but not mandatory. The programme welcomes candidates from engineering, economics, mathematics, business, and liberal arts backgrounds.

Ques. What are the specialization areas available in ISB FPM?

Ans. ISB FPM offers 7 specialization areas: Accounting, Financial Economics, Information Systems, Marketing, Operations Management, Organisational Behaviour, and Strategy. Admitted scholars are placed in a specialization based on faculty availability and research interests. The first two years cover foundational coursework across the specialization before scholars move into dissertation research.

Ques. When does the ISB FPM application typically open and close?

Ans. Based on the previous cycle, ISB FPM applications open in mid-October and the deadline is January 30 each year. Interviews are held in March and offer letters are issued in April. The programme commences in August. For the 2027 intake, the application window is expected to open in October 2026, with the deadline around January 2027. Official dates will be published on the ISB admissions portal.

Ques. What career outcomes does the ISB FPM lead to?

Ans. ISB FPM is designed to prepare scholars for research and faculty positions at leading business schools and research institutions in India and globally. Graduates have joined as faculty members at IIMs, IITs, and internationally accredited business schools. The ISB research environment, global faculty network, and publication opportunities provide a strong foundation for an academic career in management disciplines.

ISB Hyderabad: 3 Answered Questions

What are the good courses at ISB Hyderabad for a mechanical engineer?

Maheshwar ReddyMBA in Information Management & Finance, Indian School of Business (Graduated 2019)

Your question is vague as everyone has a different definition of a good course. One may prefer a rigorous course while others may prefer a laid-back course. However, because the courses you are asking about are from ISB Hyderabad there is a certain level of credibility to them. It’s a general assumption that an Institute as reputed as ISB Hyderabad offers the best courses in every field.

But then again a course with a good curriculum cannot necessarily be good unless it matches your inclinations and career prospects.

The most popular courses offered at ISB Hyderabad include PGP & PGPX courses, which are almost equivalent to MBA. There are a variety of other courses which can be chosen according to your own preferences. For detailed information contact alumni or check the university’s official website.

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Looking for data science courses in Hyderabad. Which is good ISB or INSOFE?

Ashli Varghese
Kshitij GhildiyalMBA Finance and Strategy, Indian School of Business (2015

ISB Hyderabad’s Data Science program focuses more on the Management aspect. It explains what business decisions to make once you are well-versed in technical knowledge. On the other hand, INSOFE focuses on the technical aspects of Data Science. This program teaches people to solve business problems by building models and interpreting technical results.

In case you are confused about what to choose, pay a visit to both institutes and check factors like

  • Curriculum 
  • Faculty 
  • Academic and industry experience 
  • Career services

Only after analyzing such factors will you be able to make an informed decision.

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How can you compare ISB's CBA vs IIM Bangalore's BAI courses?

Nikhil Ranjan
Ankit SrivastavaStudied at Delhi University (2019)

Some of my friends are studying in both the institutes and according to their firsthand experience, both the courses differ from each other. For a clearer view, you must take a look at the major pros and cons of both of them.

Pros:

ISB CBA:

  • ISB CBA has a great campus and you will be lucky to have a global faculty.
  • You will get tremendous networking opportunities with 100+ batches as you will be among brilliant talents.
  • Most of the pedagogy includes offline methods whereas online teaching is only limited to tutorials.
  • Some of the best Faculties in the institute are Prof Shailesh, Prof Sarang Deo, Prof Arun, and Prof Sudhir Voleti.
  • As the CBA course is a full-time course, you will also benefit by getting the ISB Brand Value. This might help you get recognition.

IIM Bangalore BAI:

  • You will get global faculty and excellent peers to be with.
  • No one can compete with IIM’s brand value.
  • As the course is mostly offered in online mode, it is quite ideal if you are a working person.

Cons:

  • ISB CBA: The fees are quite expensive for most middle-class students. There should be more career opportunities that justify the cost.
  • IIM Bangalore BAI: You are not allowed to stay within the campus which significantly reduces your chances to enjoy vast networking.

Both the courses come with their own pros and cons while holding a big brand value, therefore the decision lies in your hand.

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