Fellow Programme in Management (FPM) Course Syllabus, Subjects and Books 2023

FPM or Fellow Programme in Management is a 4 years full-time, residential Doctoral level (Ph.D.) program. This program trains aspirants to become highly skilled and innovative researchers and teachers in various aspects of management. It mainly focuses on preparing students for careers as faculty members at premier academic institutions.

The basic eligibility for applying in FPM is to have a post-graduate degree or equivalent in any discipline (including MA, Msc, M.Com., M.B.A., M.C.A or M.Tech) with at least 55% marks or equivalent CGPA. Before taking admission the aspirants have to go through entrance exams. The scores of the entrance exams accepted for the course are CAT, GMAT, GRE, UGC JRF, RAT, XAT, IIMB Test, etc.

FPM is offered by various famous institutes all over India and usually by the IIMs. The top FPM Institutes in India are:

FPM Course Structure

After joining the FPM course, the students have to go through a course work phase fore the first two years. The students are required to complete atleast 90 credits before being inducted into the research phase after passing the Comprehensive Qualifying Examination (CQE).

During the first year, the program offers courses covering various disciplines exposing the students to different facets of business management. Students are provided with the option of choosing electives from a pool of specialized courses during the second year. The elective courses are designed to nurture future managers in the area of their interests, aligning them with their career goals and objectives.

The FPM can be divided into three stages:

Stage 1: Coursework

Coursework break-up:

Foundation Courses	32 credits to be completed in the first six months of the coursework
PGP Courses	12 credits (can be completed anytime during the course work)
FPM Compulsory Courses	18 credits (to be completed during the course work period as scheduled by the FPM office)
FPM Area / Related area	Up to 44 credits from area and related area courses

Coursework duration: 15 months

Term	Duration	Contents
Term I	6 months	Foundation courses (32 credits), FPM Compulsory courses (6 credits), PGP-I courses (8-12 credits)
Term II	3 months	PGP courses (0-4 credits), FPM Compulsory, Area and Related area courses
Term III	3 months	PGP courses (0-4 credits), FPM Compulsory, Area and Related area courses
Term IV	3 months	PGP courses (0-4 credits), FPM Compulsory, Area and Related area courses

Total 104-106 Credits

Stage 2: Comprehensive Examination

After the completion of the course work, the students take the area comprehensive examination. The comprehensive examination tests whether the student has obtained a satisfactory level of knowledge in his/her field of specialization and whether he/she has satisfactorily integrated the various courses taken in the area.

Stage 3: Thesis and dissertation

After clearing the comprehensive examination, the students enters the thesis stage where each participant will be advised by a Thesis Advisory Committee (comprising 3 or 4 faculty members). The participant first develops a thesis proposal, for which he/she identifies a thesis topic. After the approval of the thesis proposal the participant works closely with the TAC on his/her thesis. On completion of the thesis research, the participant gives a public seminar, submits the thesis and defends the same.

FPM Syllabus

The FPM syllabus is divided into the compulsory subjects and the electives subjects. A list of the compulsory subjects is tabulated below under the respective modules.

Module 1	Module 2	Module 3
Research Methodology (including SPSS)	Financial Econometrics	Data Collection and Dissemination: Methods and Techniques
Strategic Financial Management	Security Analysis and Portfolio Management	Computer Application in Qualitative and Quantitative Research
Optional Courses	Optional Courses	Behavioural Finance
Economics: Theory, Policy, and Applications	Financial Markets, Institutes, and Governance	Venture Capital and Entrepreneurial Finance
Financial and Cost Accounting	Corporate Tax Planning	Fixed Income Securities
Written Analysis and Communication	Advanced Corporate Finance	Financial Engineering
Economic Growth and Development	Micro Finance	Agri-Finance
Public Expenditure and Financial Administration	Corporate Restructuring and Valuation	Project Analysis, Evaluation, and Financing.

FPM Entrance Exam Books

Given below is a list of the books to read for FPM entrance exams:

Cost Accounting- A Managerial Emphasis	Horngren, Datar, Foster, Rajan, Iitner
Organizational Behavior	Robbins, S.P., Judge, T.A., Sanghi
Cost Accounting	Arora, M. N
Management Accounting	M.Y.Khan and P.K.Jain
Fundamentals of Managerial Economics	Hirschey, Mark
Statistics for Business	Robert Stine and D Foster
Management and Organizational Behavior	Pierce, J.L. & Gardner, D.G

The career options after FPM are mainly academic based, but leaves the corporate sector open as a choice too. The average FPM salary can be around INR 3 to 60 LPA in various sectors like Marketing Companies, Sales sector, Educational Institutes, Financial Organizations, Banks, Export Companies, etc.