MDI Gurgaon FPM : Fees 2026, Course Duration, Dates, Eligibility

Content Curator | Updated on - Mar 31, 2026

The Fellow Programme in Management (FPM) at Management Development Institute (MDI) Gurgaon is a doctoral-level research programme equivalent to a PhD degree, approved by AICTE and recognized by the Association of Indian Universities (AIU). Established in 1999, the programme is designed to develop outstanding scholars for careers in teaching, research, consulting, and management practice. The FPM is offered in two tracks: FPM (Residential) - a full-time programme taking approximately 3-4 years to complete, and FPM (Non-Residential) - designed for senior working executives (minimum 10 years of experience, minimum age 35 years). The annual intake is 20 scholars. FPM Residential scholars receive a monthly stipend of INR 60,000, a contingency grant of INR 1,50,000, and a conference grant of INR 4,00,000, along with a full waiver of tuition and other fees.

Applications for the FPM 2026 batch have recently closed (deadline: March 18, 2026). Shortlisted candidates will be called for interviews in April/May 2026 (tentative). The next batch (FPM 2027) applications are expected to open around November 2026. Candidates are advised to monitor the MDI Gurgaon website (mdi.ac.in) for updates.

Key Points

Doctoral programme equivalent to a PhD degree, recognized by AIU and approved by AICTE.
Two tracks: FPM (Residential) for full-time scholars and FPM (Non-Residential) for senior working executives (minimum 10 years experience, minimum age 35 years).
Annual intake of 20 scholars across both tracks.
FPM Residential scholars receive a monthly stipend of INR 60,000 for 3-4 years (3 years for MBA holders, 4 years for non-MBA holders).
Full waiver of tuition fees, learning material fees, student activities fees, library fees, and lodging charges for Residential scholars.
Programme duration: 3-4 years (extendable up to 7 years maximum).
Publication requirement: minimum 3 peer-reviewed publications (or 2 peer-reviewed + 1 case study in Harvard/Ivey/ACRC) for Residential scholars; 2 publications for Non-Residential scholars.
Scholars with MBA from MDI/IIMs/XLRI/FMS (minimum 6.0/10 CGPA) are exempted from entrance test requirement.
Access to world-class library with Bloomberg Terminal, CMIE databases, Scopus, Statista, and 131,000+ eBooks and journals.
Unique 'Exploratio' Research Seminar Series connecting scholars with alumni and industry practitioners.

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MDI Gurgaon FPM Fees

FPM Residential scholars enjoy a comprehensive fee waiver - tuition fees, learning material, student activities, library fees, and lodging charges are all waived off. The only fees payable are the one-time alumni fee (INR 15,000) and refundable security deposit (INR 27,500), totalling INR 42,500 annually. FPM Non-Residential scholars pay tuition fees and other charges as per the fee structure below. In addition, Residential scholars receive a monthly stipend of INR 60,000, making the programme financially very attractive.

Fee Structure for FPM (Residential vs Non-Residential)

Fee Component	FPM Residential (Annual)	FPM Non-Residential (Annual)
Tuition Fees	Waived Off	1,36,500
Boarding Charges	On actual basis	Not Applicable
Lodging Charges	Waived Off	Not Applicable
Learning Material Fees (One Time)	Waived Off	26,250
Student Activities (One Time)	Waived Off	10,500
Library Fee	Waived Off	31,500
Alumni Fee (One Time)	15,000	15,000
Security Deposit (One Time, Refundable)	27,500	27,500
Total	42,500	2,47,250

Security deposit of INR 27,500 is refundable at the end of the programme.
Alumni fee and security deposit are one-time charges payable at the time of admission.
For FPM Non-Residential scholars: from the 2nd year onwards, tuition fees and library fees are payable with a 10% annual hike until the Thesis Viva.
FPM Residential scholars receive a monthly stipend of INR 60,000 (for 3 years for MBA holders, 4 years for non-MBA holders).
Additional financial support: Contingency grant of INR 1,50,000 (total) and Conference grant of INR 4,00,000 (total) for Residential scholars.
Application fee: INR 3,000 (inclusive of 18% GST), non-refundable.
Hostel accommodation for Residential scholars is subject to availability and as per institute policy.

MDI Gurgaon FPM Admission 2026

MDI Gurgaon FPM admissions are conducted annually. Applications for the FPM 2026 batch opened on November 21, 2025 and closed on March 18, 2026. Shortlisted candidates will be called for interviews in April/May 2026. The selection process requires valid scores from CAT, GMAT, GRE, UGC-JRF, or GATE. Candidates with an MBA from MDI/IIMs/XLRI/FMS (minimum 6.0/10 CGPA) are exempted from the test score requirement.

FPM 2026 Batch Admission Dates

Event	Date
Application Opens	November 21, 2025
Application Deadline	March 18, 2026 (11:59 PM)
Interview (Online/Offline)	April/May 2026 (Tentative)
Programme Commencement	June/July 2026 (Tentative)

Note: Applications for the FPM 2026 batch are now closed. The next batch (FPM 2027) applications are expected to open around November 2026.

Entrance Exam Dates (Accepted for FPM)

Exam	Registration Period	Exam Date	Result Date
CAT 2025	August 1 - September 20, 2025	November 30, 2025	December 24, 2025
GMAT	Rolling (year-round)	Year-round	Immediate (score valid 5 years)
GRE	Rolling (year-round)	Year-round	Immediate (score valid 5 years)
UGC-JRF	Twice a year (June and December)	As per NTA schedule	As per NTA schedule
GATE 2026	August 24 - September 26, 2025	February 1-2, 8-9, 15-16, 2026	March 19, 2026

Note: Scores must be valid as on the last date of application (March 18, 2026 for FPM 2026 batch).

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Minimum 60% marks in Class 10, Class 12, and Bachelor's degree, along with a Master's degree in any discipline with at least 60% marks (first division) from a recognised institution; OR
Five-year integrated Master's degree with at least 60% marks after completing Class 12 with at least 60% marks; OR
Bachelor's degree with minimum 60% marks and a professional qualification (CA, CMA, CS) with at least 50% marks.
For FPM (Non-Residential): Minimum age of 35 years and minimum 10 years of managerial work experience (preferably at senior level) as on the last date of application.
For FPM (Residential): Maximum age limit of 50 years. Final year students can also apply (must complete requirements by June 30, 2026).
Valid score in CAT/GMAT/GRE/UGC-JRF/GATE (exemption available for MBA holders from MDI/IIMs/XLRI/FMS with minimum 6.0/10 CGPA).

Admission Process

Apply online at mdi.ac.in with a non-refundable application fee of INR 3,000 (inclusive of 18% GST).
Submit valid entrance test scores (CAT/GMAT/GRE/UGC-JRF/GATE) along with academic records and work experience details.
Shortlisted candidates are called for an interview (online or offline) at MDI Gurgaon.
Final selection is based on academic record, entrance test score, research aptitude, and interview performance.
Selected candidates receive an admission offer and must complete the joining formalities by the given deadline.

MDI Gurgaon FPM Scholarships 2026

FPM Residential scholars at MDI Gurgaon receive one of the most generous financial support packages among Indian B-schools. The monthly stipend of INR 60,000, combined with full fee waivers and research grants, makes the FPM programme financially self-sustaining for Residential scholars.

Financial Support Details

Financial Support	Amount	Duration/Conditions
Monthly Stipend	INR 60,000/month	3 years (MBA holders) / 4 years (non-MBA holders)
Contingency Grant	INR 1,50,000 (total)	For field work, books, stationery, etc.
Conference Grant	INR 4,00,000 (total)	For attending reputed national/international conferences
Tuition Fee Waiver	Full waiver	For entire programme duration
Library Fee Waiver	Full waiver	For entire programme duration
Lodging Charges Waiver	Full waiver	Subject to hostel availability

Financial assistance is subject to satisfactory progress in the programme as reviewed by the FPM Committee.
FPM Non-Residential scholars do not receive the monthly stipend or fee waivers.
Hostel accommodation for Residential scholars is subject to availability and as per institute policy.
Scholars are encouraged to apply for external research grants and fellowships in addition to the institute's support.

MDI Gurgaon FPM Ranking

Outlook Ranking

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

QS Ranking

#301 out of 301 in International 2026

Financial Times Ranking

#61 out of 95 in International 2026

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MDI Gurgaon FPM FAQs

Ques. Is the MDI Gurgaon FPM equivalent to a PhD degree? Will it be recognized for faculty positions at IIMs and other top B-schools?

Ans. Yes, the MDI Gurgaon FPM is recognized by the Association of Indian Universities (AIU) as equivalent to a PhD degree of an Indian University. It is approved by AICTE. FPM graduates from MDI Gurgaon are eligible for faculty positions at IIMs, IITs, and other top B-schools. Many MDI FPM alumni are currently faculty at IIM Ahmedabad, IIM Kozhikode, XLRI, and other premier institutions.

Ques. What is the difference between FPM (Residential) and FPM (Non-Residential) at MDI Gurgaon?

Ans. FPM (Residential) is a full-time programme for scholars who can dedicate themselves entirely to research. It takes 3-4 years, comes with a monthly stipend of INR 60,000, and requires full-time residence at MDI Gurgaon. FPM (Non-Residential) is designed for senior working executives (minimum 10 years experience, minimum age 35 years) who continue working while pursuing the programme. Classes are held on weekends/evenings. Non-Residential scholars do not receive the stipend or fee waivers.

Ques. Can I apply for FPM without a CAT/GMAT score? What is the MBA exemption?

Ans. Candidates who have completed a two-year full-time MBA/PGP from MDI Gurgaon, IIMs, XLRI, or FMS in the last 10 years with a minimum CGPA of 6.0/10 (or equivalent) are exempted from the entrance test requirement. They can apply directly without a CAT/GMAT/GRE/UGC-JRF/GATE score. All other candidates must have a valid score in one of these tests.

Ques. How long does it take to complete the FPM at MDI Gurgaon? What is the maximum time limit?

Ans. The FPM programme typically takes 3-4 years to complete after registration. The maximum time limit is 7 years. The programme consists of 9 months of coursework (3 terms), followed by a Comprehensive Research Evaluation (CRE), and then thesis work. MBA holders are exempted from the PGDM-level coursework, which can reduce the overall duration.

Ques. What are the publication requirements for completing the FPM at MDI Gurgaon?

Ans. FPM Residential scholars must have at least 3 publications: either 3 peer-reviewed journal publications (in A, B, or C category journals as per MDI's classification based on Thomson Reuters impact factor or Scopus Cite Score), or 2 peer-reviewed journal publications plus 1 case study published in Harvard Business School Publishing, Richard Ivey, or ACRC. For FPM Non-Residential scholars, the requirement is 2 publications (maximum 1 case study). In joint publications, the scholar must be the first author.

Ques. What career paths are available after completing the FPM from MDI Gurgaon?

Ans. FPM graduates from MDI Gurgaon typically pursue careers in: (1) Academia - faculty positions at IIMs, IITs, XLRI, and other top B-schools; (2) Research - research roles at think tanks, policy institutes, and corporate research divisions; (3) Consulting - management consulting with firms like McKinsey, Accenture, and Deloitte; (4) Industry - senior management and leadership roles leveraging research expertise. The MDI FPM alumni network spans prestigious institutions and organizations globally.

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MDI Gurgaon: 1 Answered Question

Does MDI Gurgaon provide placement assistance to its FPM students?

Agnik MajumdarPGPx in Finance & Strategy, Management Development Institute, Gurgaon (Graduated 2019)

The MDI Gurgaon FPM program is structured in such a way that its students are given access to the corporate world owing to their constant commitment to research.

FPM students assist their guide and professors with their consulting assignments allowing them access to many corporations. You might be surprised to know that many firms come to MDI Gurgaon to seek help and consultation from MDI research students. This is done in the form of research assignments and live projects. This becomes possible because their curriculum and research methodologies are designed in such a way. This helps them to conduct elaborate research, understand the industry better and work on relevant industry-related issues.

In a nutshell, MD Gurgaon FPM students do not require placement assistance from a placement committee.

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