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

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Sakshi Gupta

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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
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 : 4 answered questions


Ques. What is the cost of doing FPM in ISB Hyderabad?

● Top Answer By Keshav Jindal 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
1 Answer

Ques. Is Amity University Noida good for part-time PhD in Management?

● Top Answer By Vikas Hariharan on 23 Feb 21

Ans. One of my friends suggested that nothing is bad in Amity University Noida. Especially talking about the management specialization in this college, it is much better over here. For a full time PhD in Management you can surely opt for it at Amity.  You can also choose part time PhD but they mention that in the certificate too. Because of this the students choose to do part time PhD from other private universities as after completing the PhD for 4 years when a student gets a tag like that then it may create a bad impression for the candidature of the student. This information is also not mentioned by them in the website and at their advertisements for PhD programs. But Amity being a good college you will get a lot of opportunities over there and if you are smart enough then you will definitely be able to make your career on that. Since the faculties are very good, you will definitely get good support from them in your research work and with your talent and hard work you will definitely be able to reach your goal. If you are looking for better options then you should prepare for UGC NET. After completing UGC NET exam you will definitely apply for PHD in government colleges. Since this examination is conducted 2 times in a year you have a better chance and time for preparation as well. And after completing PhD from government colleges you will be having more chances in getting a job at Government College. But since this is a competition, anything can happen so people choose private universities for PhD programs. If you want to do a PhD program from Amity then you should always choose for a full time PhD program or if you want to do a PhD as part time then you can choose any other private university.Read more
1 Answer

Ques. How can an IPM student get admission for FPM at IIMA?

● Top Answer By Neha Uniyal on 19 Feb 21

Ans. FPM programs at some of the older IIMS are quite rigorous and you could essentially compare them with other programs globally. It is believed they are better than most PhDs at Indian universities. But, you will definitely find better options than only IIM Ahmedabad. The admission process is quite tough. You will be expected to have really competitive scores in CAT or GMAT with an aptitude for research. Additionally, you will also have to apply to concentrated areas like finance and marketing. The interviews are also quite tough and they will test you on the basis of aptitude, prior publications, knowledge including both empirical and theoretical data as well as the consistency of your academic scores. Questions are asked from anywhere on the topic of your interest. You have to prove that you have a good command of theories and facts, a good ability to connect data and to apply theoretic reductions, and at the same time, be precise and complete. You need to first and foremost have a post-graduate degree with at least 55% aggregate. This degree could be MA, MSc, M. Com, M.C.A or even MBBS. You can even substitute giving the CAT with GMAT, UGC, GRE JRF, and CSIR. Be ready to pay an average fee of INR 10 lakhs at least. The starting monthly stipend is INR 32,800. It probably should help you recover some part of the fee you are paying. What is good is that if you are a PGP from any IIM, you are likely to receive a CAT score waiver.Read more
1 Answer

Ques. How is the FPM program of IIM Rohtak?

● Top Answer By Deepika Kunwar on 04 Nov 20

Ans. Indian Institute of Management Rohtak is among the top B-schools in the country. IIM Rohtak has been ranked 21st by NIRF 2020. The Institute offers various programs that include 2 PG programs, 2 Fellowship programs, and various executive training programs. IIM Rohtak offers a part-time, non-residential fellowship program in management. FPM is specifically designed for working professionals who want to pursue research in management. The grand total fees for completing FPM at IIM Rohtak is INR 6 lacs. Admissions: For admissions in FPM, the requirements include having a PG degree or equivalent in any discipline with at least 55% marks or equivalent CGPA. Alternatively, The applicant may also have a four-year bachelor's degree with at least 6.5 CGPA or equivalent. The candidates need to have a valid score in CAT/GMAT/GRE/GATE. The candidates need to appear for the Research Aptitude Test conducted by IIM Rohtak. Admission to FPM courses is based on academic qualifications, performance in management exams, personal interviews, and work experience. The application fee is INR. 1000/-. Scholarships: IIM Rohtak offers fellowship to the participants of FPM. For the first two years, students are given INR 30,000 and for the next two years an amount of INR 35,000 is provided. A contingency grant of INR 1,85,000 is given to all students distributed across all four years of the program. Students who have participated in the national level or international level of any sports can also apply for Sports Scholarships.   Placement: Indian Institute of Management Rohtak had achieved a 100% placement record for the batch of 2018-20. 86 recruitment companies visited the campus. The highest salary offered was 24 LPA and the average salary offered was 13 LPA. The IT industry had the most number of placement offers. IIM Rohtak had also witnessed 100% placement for summer internships. The major recruitment companies included Amazon, Bain capability network, Lenskart, Infosys, etc. The course is diverse and brings in plenty of opportunities. The above-mentioned facts will help the student to guide and take the decision about attending IIM Rohtak for an FPM.Read more
1 Answer

Executive Fellow Programme in Management Fee Structure in India

9.80 L (Minimum Fee)PUBLIC COLLEGES9.80 L  (Maximum Fee)
9.80 L (Average Fee)
86.50 K (Minimum Fee)Private COLLEGES47.60 L (Maximum Fee)
31.82 L (Average Fee)