XLRI, the country’s oldest B-school, has more than doubled the financial aid for scholars pursuing Fellow Programme in Management (FPM) from this year.
FPM is a full-time, residential doctoral programme offering studies in different fields of management and functional areas.
“With effect from June 1, 2023, the full-time doctoral scholar will be awarded a fellowship of Rs 45,000 per month during the first and second years, and Rs 50,000 per month for the next two years in addition to a tuition waiver, to help meet living and other expenses. Fellowship will be paid only to full-time residential students, and for a period of four years. An extension of the financial support beyond four years is considered on a case-by-case basis subject to the academic performance of the concerned scholar,” said a spokesperson for the XLRI, which has campuses in Jamshedpur, Jharkhand and NCR Delhi.
Earlier, scholars used to be paid a scholarship of Rs 20,000 per month in the first year and Rs 25,000 per month in the second year.
“XLRI’s enhanced financial support is now higher than that provided by the IIMs and the IITs to its full-time doctoral students. In enhancing the financial support to FPM scholars, XLRI is driven by a keen intention to train and supply high quality management scholars to meet the country’s growing needs in the management education space. This enhancement will empower the FPM scholars to focus more on their doctoral research study, worry less about their financial requirements, and thereby deliver a better quality of management research output,” a statement from XLRI Jamshedpur stated.
An FPM scholar is also entitled to a contingency grant of Rs 30,000 per annum for four years.
After successful completion of the comprehensive qualifying examination (CQE), and with prior approval of the FPM chair, the institute provides support for presentations in conferences, up to a total of Rs 2,50,000.
Fellow students can avail a data-collection grant of up to Rs 50,000 in total during their third and fourth years in the programme.