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Executive Fellow Programme in Management - Course Overview

  • STREAM

    MANAGEMENT

  • DURATION

    4 YEARS

  • COURSE

    General

  • COURSE TYPE

    Post Graduation

Updated On - July 7th 2018

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 LevelResearch
Duration of Course1 to 8 years
Examination TypeThesis Submission
EligibilityMaster’s degree in management or other relevant disciplines with minimum 55% marks
Admission ProcessMerit or Entrance based and Personal Interview
Course FeeINR 2,00,000 – INR 45,00,000
Average SalaryINR 14 Lac – INR 24 Lac
Recruiting AreasResearch Institutions, Management Organizations , IT, Manufacturing, Energy/ Oil & Gas, Financial Services & Products, FMCG, Healthcare, E-Commerce, Infrastructure, Media & Advertising
Top Recruiting CompaniesIBM, Jindal Steel & Power, Reliance Industries Ltd., Samsung, GE & Grofers.
Job ProfilesAssistant 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 NameLocationFees in INR
Management Development InstituteGurgaonINR 2,00,000 (Approx.)
Indian School of BusinessHyderabadINR 45,55,000
Xavier Institute of ManagementJamshedpurINR 8,50,000
IIM RohtakRohtakINR 5,50,000
BIMTECHGreater NoidaINR 87,000
IIM RanchiRanchiINR 6,50,000
Indian Institute of Management (IIM) KashipurKashipurINR 5,50,000
Indian Institute of Management (IIM) RaipurRaipurINR 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 NameEligibility Criteria 1Eligibility Criteria 2
IIMsA 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.
ISBBachelor’s degree or preferably an MBA or business-focused master’s degree.Minimum 8 years of professional working experience.
BIMTECHMaster’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
MDIMinimum 10 years work experience in senior management positions.
XLRIMBA/PGDM or equivalent or GMP/PGPX or One Year full-time residential programme in Management with minimum 60% marksFull 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 NameSelection Process
IIMsCAT/GMAT/UGC-NET/GRE/GATE/RAT scores and personal interview
ISBPersonal Interview
BIMTECHGMAT/UGC-NET/GRE/BIMTECH’s entrance examination scores and personal interview
XLRIPersonal Interview
MDIGMAT/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 1Year 2Year 3
StrategyDoctoral Academic Writing IDoctoral Dissertation Research
MarketingDoctoral Academic Writing II-
Organizational BehaviourTeaching Methodologies-
AccountingDoctoral 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 ProfileJob DescriptionSalary in INR
Assistant ManagerAssistant 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 ConsultantProvides 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 ManagerResponsible for delivering projects meeting expected scope, budget, schedule and demandINR 14 Lacs – INR 24 Lacs
Senior Quality AnalystInvolved in interactions with stakeholders, gathering information on requirements, provide analysis and plan for the futureINR 10 Lacs – INR 15 Lacs