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.
|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|
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:
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.
|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|
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.
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|
|BIMTECH||GMAT/UGC-NET/GRE/BIMTECH’s entrance examination scores and personal interview|
|MDI||GMAT/UGC-NET/GRE scores and Personal Interview.|
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||-|
|Research Methodology Courses||-||-|
|Philosophy of Science||-||-|
|Qualitative Research & Survey Methods||-||-|
|Introductory research Project||-||-|
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:
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.
|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|