Fellow Programme in Management
Fellow Programme in Management Fee Structure 2026
The fee structure for Fellow Programme in Management (Fellow Programme in Management) varies significantly based on the type of institution. Overall, Fellow Programme in Management fees range from ₹10,000 to ₹12.45 Lakh across listed colleges. Currently, 6 colleges in India offer Fellow Programme in Management programmes.
College-wise Fellow Programme in Management Fees
| # | College | City | Type | Total Fees | |
|---|---|---|---|---|---|
| 1 |
Indian Institute of Management Indore
IIM Indore |
Indore, Madhya Pradesh | Government | - | Details |
| 2 |
Management Development Institute
MDI Gurgaon |
Gurugram, Haryana | Autonomous | - | Details |
| 3 |
Indian School of Business
ISB |
Hyderabad, Telangana | Private | - | Details |
| 4 |
Indian Institute of Management Lucknow
IIM Lucknow |
Lucknow, Uttar Pradesh | Government | - | Details |
| 5 |
SP Jain Institute of Management and Research Mumbai
SPJIMR |
Mumbai, Maharashtra | Private | ₹10,000 | Details |
| 6 |
XLRI Xavier School of Management Jamshedpur
XLRI |
Jamshedpur, Jharkhand | Private | ₹1,245,000 | Details |
Fellow Programme in Management Fee Breakdown - Component-wise
Detailed fee breakdown showing tuition, hostel, and other charges at select colleges.
XLRI Xavier School of Management Jamshedpur Total: ₹1,245,000
| Hostel | ₹0 |
| Tuition Fee | ₹0 |
| Monthly Stipend | Rs 45,000-50,000/month |
| Contingency Grant | Rs 50,000-1,00,000/year |
State-wise Fellow Programme in Management Fees
Fee ranges across different states for Fellow Programme in Management colleges
| State | Colleges | Lowest Fee | Highest Fee | Average Fee |
|---|---|---|---|---|
| Maharashtra | 1 | ₹10,000 | ₹10,000 | ₹10,000 |
| Jharkhand | 1 | ₹12.45 Lakh | ₹12.45 Lakh | ₹12.45 Lakh |
Fellow Programme in Management Fee Comparison by Institution Type
FPM Fee Structure - Institute-Wise Comparison
Most FPM programmes are fully funded or substantially subsidised. Unlike MBA programmes costing ₹15-28 lakhs, FPM scholars receive stipends that effectively make the programme cost-negative - scholars earn while pursuing their doctorate.
FPM Fees & Stipend Comparison (Top Institutes)
| Institute | Total Fees | Monthly Stipend | Key Benefits |
|---|---|---|---|
| ISB Hyderabad | Full tuition waiver | ₹65,000/month | Furnished accommodation, family medical insurance, 5-year funding |
| IIM Ahmedabad | No tuition fees | ₹42,000-50,000 | HRA ₹15-20K, research grants up to ₹6L, contingency ₹35K/year |
| IIM Bangalore | No tuition fees | ₹35,000-42,000 | 5-year hostel, housing subsidy ₹20K, start-up grant ₹75K, conference ₹2L/year |
| IIM Calcutta | No tuition fees | ₹42,000-50,000 | HRA ₹10-15K, development grants ₹1.05L (Yr 1), field research ₹75K |
| XLRI Jamshedpur | ~₹7.5-10.7L total | ₹45,000-50,000 | Free hostel (4 years), research grants, net stipend over fees positive |
| SPJIMR Mumbai | Fully funded (₹0) | ₹40,000-45,000 | Free hostel or HRA ₹10K/month, conference funding, contingency grant |
| MDI Gurgaon | Nominal fees | ₹35,000-40,000 | Hostel accommodation, research support |
FPM vs MBA - Cost Comparison
| Parameter | FPM (Top Institutes) | MBA/PGDM (Top Institutes) |
|---|---|---|
| Tuition Fees | ₹0-10.7L (usually waived) | ₹15-28L (IIMs: ₹20-28L) |
| Monthly Income | ₹35,000-65,000 stipend | ₹0 (may have merit scholarships) |
| 4-Year Total Stipend | ₹17-31 lakhs earned | Not applicable |
| Accommodation | Free hostel or HRA | Hostel fees extra (₹2-5L for 2 years) |
| Net Cost to Student | Effectively negative (earn more than spend) | ₹18-33L total investment |
Executive FPM (EFPM) Fee Comparison
Executive FPM is a part-time programme for working professionals and comes with significant fees since it does not include fellowship:
- XLRI EFPM: ₹12.45 lakhs total
- ISB EFPM: ~₹47 lakhs total
- IIM Calcutta EFPM: ~₹18 lakhs total
Fee & Scholarship Information
- Fees shown are total programme fees and may vary by specialisation, batch, and category. Always verify current fees on the college's official website.
- Government colleges typically offer fee waivers and tuition reductions for SC/ST/OBC/EWS and PwD category students.
- Many institutions offer merit-based scholarships, education loans, and instalment payment options. Check individual college pages for details.
Frequently Asked Questions - Fellow Programme in Management Fees
FPM at IIMs is heavily subsidised with nominal tuition. Fellows receive generous monthly stipends, contingency grants for research, and conference travel support. Effectively, FPM is a funded programme where students are paid to pursue doctoral research.
While not technically free, IIM FPM fellows receive stipends and grants that typically exceed the nominal fees. The net financial position is positive - FPM fellows earn while they research, unlike many other doctoral programmes globally.
IIM FPM typically offers better financial support than university PhD programmes in management. The monthly stipend, research grants, and conference funding are among the most generous for doctoral studies in India.