XLRI FPM FAQs
Ques. Is XLRI FPM equivalent to a PhD?
Ans. Yes, XLRI’s Fellow Programme in Management is a doctoral-level programme recognized as equivalent to a PhD by the UGC. Successful scholars are awarded the title of Fellow of XLRI. The programme spans 4 years with a 2-year coursework stage followed by a 2-year research thesis stage, with a maximum permissible duration of 7 years.
Ques. What is the monthly stipend for XLRI FPM scholars?
Ans. FPM scholars receive a monthly fellowship of INR 45,000 during Years 1 and 2, rising to INR 50,000 per month in Years 3 and 4. An additional contingency grant of INR 30,000 per annum is provided. Both tuition fees and hostel accommodation are fully waived for the duration of the 4-year fellowship period.
Ques. Who is exempt from the XSET exam for XLRI FPM?
Ans. Graduates of premier institutions including XLRI, IIMs, FMS Delhi, MDI Gurgaon, XIM Bhubaneswar, IRMA, SP Jain, IIT Schools of Management, TISS, and ISI with a CGPA of at least 6.00 on an 8-point scale are exempt from XSET and directly invited for the Personal Interview stage.
Ques. What entrance exam scores are accepted for XLRI FPM?
Ans. The primary entrance exam is XSET, held alongside XAT each January. Candidates may also apply using valid scores from UGC-NET/JRF, CSIR-NET, GATE (from February 2023 onward), GMAT, or GRE. Candidates with a valid alternative score need not appear for XSET but must still go through the XLRI interview process.
Ques. How many seats are available in XLRI FPM each year?
Ans. XLRI admits about 10 scholars per FPM batch across the 8 specialization areas. Seats are allocated based on research area demand and faculty availability. Given the small intake, the programme is highly competitive with a stringent selection process that includes a written test and on-campus interviews.
Ques. What research specializations are available in XLRI FPM?
Ans. XLRI FPM offers research in 8 specializations: Economics, Finance, Human Resources Management, Information Systems, Marketing, Organisational Behaviour, Operations and Decision Sciences, and Strategic Management. Scholars work under a faculty mentor in their chosen area and are expected to contribute to peer-reviewed academic publications during the programme.


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