Content Curator | Updated on - Mar 23, 2026

The Fellow Programme in Management (FPM) at LBSIM is a prestigious doctoral-level programme designed to develop high-quality researchers and teachers for academic institutions and business organizations. The programme spans 3-4 years for non-working scholars and up to 6 years for working professionals, with an annual intake of maximum 20 scholars. The total fees for non-working scholars is Rs 2,00,000 (Rs 60,000 per annum) while working scholars pay Rs 4,80,000 (Rs 1,20,000 per annum). The primary entrance requirement includes a valid CAT, GMAT, GRE, UGC-NET, or GATE score not older than three years. The programme is popular for its unique focus on action research methodology, scholar-centric approach, and substantial financial support for non-working scholars.

Admissions for FPM 2026 are currently ongoing with applications being accepted through the official LBSIM portal. The application deadline is typically in March 2026, with interviews conducted in hybrid mode from February to March 2026. Shortlisted candidates are required to appear for an in-house test followed by a panel interview. For the current admission season, candidates should check the official LBSIM website for the exact closing date and interview schedule.

Key Points

Unique action research methodology rarely encouraged by other Indian institutes, allowing practitioners and consultants to conduct doctoral research from the field
Scholar-centric and outcome-focused curriculum with flexible course selection guided by faculty advisors
Optimization of digital technology for knowledge creation with multiple modes of learning suited to individual scholar requirements
Interdisciplinary research focus with nine specialized areas including Business Ethics, Economics, Finance, Marketing, and Supply Chain Management
Personalized education approach aligned with New Education Policy 2020 principles

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Highlights
Fees
Admission
Scholarships
Placements
Ranking
FAQs

LBSIM FPM Fees

The FPM programme offers differentiated fee structures for non-working and working scholars. Non-working scholars pay Rs 60,000 per annum while working scholars pay Rs 1,20,000 per annum (Rs 95,000 for LBSIM alumni). The fees can be paid in two instalments: 50% at admission and 50% in December. LBSIM provides exceptional financial support with non-working scholars receiving Rs 40,000 per month for the first two years and Rs 45,000 per month for years three and four, subject to satisfactory academic performance. Additionally, the institute reimburses up to Rs 50,000 for research-related activities and supports participation in up to two national conferences and one international conference.

Fee Structure

Fee Component	Non-working Scholar	Working Scholar
Tuition Fees (Annual)	Rs 60,000	Rs 1,20,000
Educational Resources	Waived	Rs 10,000
Alumni Fees (One-time)	Rs 10,000	Rs 10,000
Total Annual Fees	Rs 70,000	Rs 1,30,000
Total Fees (4 years)	Rs 2,80,000	Rs 5,20,000

Fees can be paid in two instalments (50% at admission, 50% in December).
Non-working scholars receive monthly stipend of Rs 40,000 (first 2 years) and Rs 45,000 (years 3-4).
Working scholars do not receive stipend.
Institute reimburses up to Rs 50,000 for research activities.
Hostel facility available on payment basis.
LBSIM alumni working scholars get reduced tuition fee of Rs 95,000 per annum.

LBSIM FPM Admission 2026

The FPM admission process at LBSIM is highly selective and research-focused, designed to identify scholars with strong academic credentials and genuine research interests. Candidates must have a Master's degree with first-class marks in any discipline and a valid entrance exam score. The selection is based on academic qualifications, research proposal quality, and personal interview performance. The institute conducts interviews in hybrid mode (online and offline) to accommodate candidates from across India.

Important Dates

Event	Timeline
Application Portal Opens	December 2025
Application Deadline	March 2026
In-house Test	February-March 2026
Panel Interview	February-March 2026
Admission Offer	April 2026
Programme Commencement	June 2026

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Master's degree in any discipline with minimum 60% marks (first division) or equivalent CGPA recognized by AICTE/AIU
Five-year integrated Master's degree with minimum 60% marks (first division)
Maximum age of 40 years on the application closing date

Admission Process

Online application submission through LBSIM portal with application fee of Rs 2,200
Submission of research proposal (approximately 5,000 words) on area of research interest
In-house test administered to shortlisted candidates
Panel interview with faculty members and research experts
Final selection based on academic qualifications, research proposal, and interview performance
Provisional admission for final-year students with condition to submit degree by December 31

LBSIM FPM Scholarships 2026

LBSIM provides exceptional financial support for FPM scholars, particularly for non-working scholars pursuing full-time research. The institute's scholarship and financial aid structure is designed to enable talented researchers to pursue doctoral studies without financial constraints. Non-working scholars receive substantial monthly stipends, research grants, and conference participation support, making LBSIM one of the most financially supportive FPM programmes in India.

Scholarship Details

Scholarship/Support	Amount	Eligibility
Monthly Stipend (Years 1-2)	Rs 40,000	Non-working scholars with satisfactory performance
Monthly Stipend (Years 3-4)	Rs 45,000	Non-working scholars with satisfactory performance
Research Grant	Rs 50,000 (maximum)	For research-related activities and expenses
National Conference Support	Full support	Up to 2 conferences within India
International Conference Support	Substantial support	1 conference outside India (post pre-submission seminar)
Alumni Discount	Rs 25,000 reduction	LBSIM alumni working scholars (annual tuition)

Stipend is paid for maximum 4 years subject to satisfactory quarterly academic performance.
Research grant covers conference registrations, travel, and research materials.
International conference support requires clearing pre-submission seminar and Research Advisory Committee approval.
Hostel facility available on payment basis.
Working scholars do not receive monthly stipend but can avail research grants and conference support.

LBSIM FPM Placement 2026

The FPM programme at LBSIM is designed to develop scholars for academic careers, research positions, and senior management roles in organizations. While FPM is primarily a research-focused doctoral programme rather than a placement-oriented course, LBSIM's strong industry connections and faculty network facilitate career progression for graduates. FPM scholars have pursued careers as faculty members at leading business schools, research consultants, and senior management professionals in multinational corporations and policy organizations.

Career Outcomes

Career Outcome	Details
Academic Positions	Faculty roles at leading B-schools and universities
Research Consultancy	Senior research positions in consulting firms
Corporate Leadership	Senior management and strategy roles in organizations
Policy Research	Positions in government and policy research organizations
Entrepreneurship	Founding research-based ventures and startups

LBSIM Delhi FPM Ranking

Outlook Ranking

#14 out of 200 in Top Private Colleges in India 2026

TOI Ranking

#6 out of 100 in India 2026

#2nd in New Delhi

#2 in Delhi NCR

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LBSIM FPM FAQs

Ques. What is the difference between FPM and PhD programmes?

Ans. FPM (Fellow Programme in Management) is a structured doctoral programme with defined coursework (30 credits), seminars, and research components, while traditional PhD programmes may have less structured coursework. LBSIM's FPM emphasizes action research methodology, making it unique for practitioners and consultants. The FPM is AICTE-approved and offers better financial support for non-working scholars compared to many PhD programmes.

Ques. Can working professionals pursue FPM while maintaining their job?

Ans. Yes, LBSIM offers FPM (Working) specifically designed for working professionals with a maximum duration of 6 years compared to 3-4 years for non-working scholars. Working scholars can pursue research part-time and have flexible course schedules. However, working scholars do not receive monthly stipend but can avail research grants and conference support.

Ques. What are the publication requirements before thesis submission?

Ans. FPM scholars must publish at least two papers in reputed peer-reviewed international journals (ABDC/Scopus-indexed or Clarivate Analytics listed) and at least one case study with teaching note in Richard Ivey Case Publishing, Harvard Business School Publishing, or ACRC before submitting their thesis for evaluation.

Ques. How is the research guide selected and can it be changed?

Ans. The Director nominates research guides based on FPM Council recommendations. Guides must have PhD and at least 2 publications in reputed international journals. Each guide can supervise maximum 2 candidates per admission year. Guide change is permitted only in exceptional circumstances with Director's approval. If a guide takes leave for more than one year or leaves the institute, a new guide is nominated.

Ques. What happens if a scholar's progress is unsatisfactory?

Ans. Scholars are monitored quarterly by the Research Advisory Committee. Unsatisfactory progress leads to termination from the programme. Scholars must maintain minimum CGPA of 6.5 on 10-point scale (60%) in courses and seminars. Failure to pass a course/seminar after two attempts results in programme termination.

Ques. Are there opportunities for international exposure during FPM?

Ans. Yes, LBSIM encourages research scholars to participate in national and international conferences. The institute supports attendance at up to 2 national conferences fully and provides substantial support for 1 international conference outside India (subject to clearing pre-submission seminar and Research Advisory Committee approval). LBSIM also has international collaborations with universities in Malaysia, Indonesia, Thailand, Singapore, Canada, and USA for potential research exchanges.