The ideal candidates for the Fellow Programme are those who possess strong academic background, preferably with professional experience, and intellectual curiosity and discipline needed for scholarship in management.

The candidates for the programme must have one of the following qualifications obtained from any of the universities incorporated by an act of the central or state legislature in India or other educational institutions established by an act of parliament or declared to be deemed as a university under section 3 of UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India, or an equivalent qualification from an institution approved by AICTE.

A Masters’ degree or its equivalent in any discipline with minimum 55% aggregate marks 

A Bachelors Degree in Engineering with 60% marks or equivalent grade point average

Any professional qualifications such as CA, ICWA and CS with a minimum 55% aggregate marks.

In addition, all the candidates must have secured a minimum of 55 % marks in all their public examinations starting with the secondary level. Work experience in industry or academics, though not mandatory, will be given due credit in the selection process. The work experience as full-time executives or as management teachers in an organization/institution (AICTE approved) of repute is only considered as the valid experience.

Those who are appearing for their final year examination in the current academic year may also apply. However, their admission to the programme will be provisional subject to their successful completion of all requirements for obtaining the relevant degree before 30 June 2013.

Candidates who fulfill the above eligibility criteria stated above are required to take Common Admission Test (CAT) held by the IIMs. Alternatively, those who have qualified GATE, GRE, GMAT and JRF (UGC/CSIR) examinations can also apply in the relevant area of specialization. Scores of any of these examinations including CAT taken during the last two years (i.e., or after 01 July, 2011) will be considered valid. Candidates who have already obtained a two-year PGDM from any of the IIMs with a minimum CGPA of 5.0 on a 10 point scale are exempted from this requirement, and can apply directly through the prescribed Application Form. Such applicants are also eligible to get a waiver of the first year course work and can directly join the second year of the programme.

The candidates short-listed on the basis of their academic record and performance in the competitive examinations mentioned above will be called to Lucknow for a personal interview for final selection in April 2013 and the successful candidates will receive offers by mid-May 2013.

Admission to the programme is open to overseas candidates including NRIs and foreign nationals. Their admission will be based on GMAT/GRE scores obtained within previous one year.

Students are expected to complete the programme in four years. However, under special circumstances extension of two more years may be granted. The students spent their first two years for course work and the last two years for research and thesis preparation. FPM is a full-time residential programme. However, management teachers and working executives have option to choose a flexible time frame to complete the two years’ thesis work. They are allowed to complete the two years' course work in four time slots of July-Dec/Jan-June within a total span of four years. These time slots may have breaks in between. Moreover, certain relaxations on the two years residential requirement for thesis work are also considered on the basis of merit of the case. However, they are required to complete all the requirements of Fellow Program within six years from the date of registration.

Campus hostel facility is available for stay of married students with their immediate family (spouse and children).

All FPM students are provided with a monthly stipend of Rs.20,000/- during the first two years and Rs. 24,000/- plus some financial incentives depending on their involvement in academic duties such as teaching, grading etc during the third and fourth years. The students are also eligible to get liberal grant for buying book/hardware/software etc. and for attending national and international conferences. In addition to these, they are exempted from fees, provided with free lodging facilities. NRIs and foreign candidates will be required to bear all the expenses including the tuition fee. Final year students are eligible to apply for the Bharti Foundation Scholarship of Rs. 4 lacs.

The completed application form along with a Bank Draft of Rs.1000/- (500/- for SC/ST) drawn in favor of “Indian Institute of Management Lucknow” payable at Lucknow must reach the address given below latest by 31 December 2012.