Programme fee

FPM Full-time at SPJIMR is a fully-funded residential programme. Every scholar admitted to the full-time programme receives a 100% scholarship for the entire duration of their FPM journey. FPM Part-time is a non-residential programme, and the total fee for the programme is INR 12 lakhs.

FPM Full-time

FPM Full-time at SPJIMR is a fully-funded programme. Every scholar admitted to the full-time programme receives a 100% scholarship for the entire duration of their FPM journey. Apart from this, to enable the participants to take care of their essential needs during their research journey, SPJIMR also provides a monthly stipend. Participants in good conduct and faith will receive a stipend for the programme’s first four years. The details of the stipend at present are as follows:

  • During the coursework phase: INR 40,000 per month
  • Post clearing the qualifying exam: INR 42,000 per month
  • Post successful defense of proposal: INR 45,000 per month

Hostel facilities

Hostel accommodation on single occupancy, fully-furnished rooms with 24×7 high-speed internet connectivity (INR 10,000 rent per month)

FPM Part-time

FPM Part-time is a non-residential programme. The total fee for Fellow Programme in Management Part-time is INR 12,00,000 (Twelve lakhs only) as applicable at the time of admission, payable in the following manner:

  • An initial non-refundable acceptance fee INR 5,00,000 (Five lakhs) payable before the commencement of the programme in the academic year into which he/she is selected for admission.
  • The balance INR 7,00,000 (Seven lakhs) fee can be paid in three instalments.

Instalment Structure

Total fee
(INR)		 Initial amount payable at the time of admission (July 2023) First Instalment (January 2024) Second Instalment (May 2024) Third Instalment (September 2024)
12,00,000 5,00,000 3,00,000 2,00,000 2,00,000

Financial assistance and scholarship

In addition to the monthly stipend and accommodation to full-time participants, FPM offers a variety of appropriate grants that supports to both the full-time and part-time participants in their research journey.

  • Contingency Grant (for full-time participants only)

    Contingency grants help the scholars to access the necessary equipment and facilities for research. In the first year, the participant receives a hardware contingency grant of INR 40,000 (one time) towards purchasing necessary hardware (laptop). In addition, all FPM participants are eligible for a contingency grant of INR 25,000 per year for the first four years of the programme. Participants can purchase software, books, stationeries, hardware etc., as per their needs. The amount is reimbursed after verification of the submitted bills.

  • Conference Grant (for both full-time and part-time participants)

    Towards achieving its goal of excellence in research, FPM scholars are encouraged to participate in various national and international conferences. Upon completion of the comprehensive qualifying exam, FPM scholars are entitled to reimburse domestic & international conferences subject to a ceiling of INR 2,30,000 during the entire period of the programme.

  • Research Grants (for full-time participants only)

    Over and above the grants mentioned earlier, the institute will support candidates as required for their research. Examples of research grants include costs for running a lab experiment, receiving survey responses, etc. The participant can contact the FPM office for a discussion, and if feasible, the institute will extend its support. The FPM office looks into the requests on a case-by-case basis.

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