For the Research-Obsessed
Fellow Programme in Management (FPM)
IIM Mumbai · NIRF #6 · 4-Year Research Doctorate
Key numbers
Duration
48 Months
Total Fees
₹6.0 Lakhs
Avg CTC
₹18 LPA
Placement Rate
90%
Cohort Size
More selective than most IIM MBA batches
Are you eligible?
Academic Qualification
Master's degree or PGDM with minimum 55% marks
Entrance exams
4-Year Research Roadmap
Year +0
Foundation & Coursework
Research Methodology, Advanced Statistics, and core coursework
Year +1
Specialization & TAship
Operations/SCM/Industrial Engg focus + Teaching Assistantship
Year +2
Global Research Exposure
International collaborations and data collection
Year +3
Publications & Thesis
Publish in top journals and dissertation writing
Year +4
Defense & Placement
Thesis defense and academic or policy placements
Placement · 2025
Where graduates land
Placement rate
90%
Top recruiters
This is NOT an MBA
The FPM is a full-time doctoral programme designed for aspiring academics and researchers. If you're looking for a quick corporate pivot after two years, this four-year research commitment is a completely different vibe.
The verdict
Strong fit
If your goal is a tenure-track career at top B-schools, policy think tanks, or global research institutions, IIM Mumbai's FPM is a stellar launchpad. The ultra-low intake (20 seats), NIRF #6 ranking, and ₹6 lakh total fee make it a no-brainer for research talent. Just know: this is a 4-year scholarly grind, not a corporate shortcut.
Matches what you said
- ✓ Academic & research career
- ✓ IIM brand value
- ✓ Low programme cost
- ✓ Scholarship support
- ✓ Teaching assistantship experience
Doesn't match
- ✗ Immediate corporate placement
- ✗ Short-duration degree
- ✗ Students without a Master's or PGDM