The objective of the Fellow Program in Management (FPM), a Doctoral level program of NIFM Faridabad, is to develop scholars for distinguished careers in teaching, training, research, and consultancy in management. The FPM is the highest academic qualification any one can earn. It requires extended study and intense intellectual effort. Therefore, one needs high level of commitment in order to successfully complete the program. The program requires successful completion of two things – one must master a specific subject completely, and one must extend the body of knowledge about that subject. Accordingly, the program consists of two phases. The first phase of the program consists of course-work involving Fellow program level courses followed by a comprehensive qualifying examination. The second phase of the program consists of Thesis work involving preparation of a Thesis proposal, conducting research stated in the proposal, Thesis development and its examination.

The Program has the following components:

• Mandatory Course work
• Comprehensive Qualifying Test (CQT)
• Formulation, presentation and submission of research proposal
• Preparation and submission of the dissertation, evaluation, and defense

The Program has the many components  The Program has the many components  The Program has the many components The Program has the many components  The Program has the many components  The Program has the many components 

The Program is offered in the following areas of specialization:

• Finance
• Accounting, and
• Related areas

The Program is offered in the following areas of specialization: 1. Finance 2. Accounting, and 3. Related areas Related areas Related areas Related area Related areas Related areas

The students who successfully complete all requirements of the program will be eligible for the award of the title of “Fellow of the National Institute of Financial Management Faridabad”.

Duration, Residency and Financial Aid

The Fellow Program will start from July 2009. It will be structured under two phases, namely, course work and dissertation work spread over four years. In case of completion of dissertation before four years, Director’s special permission will be required for pre-submission seminar. In case a student is unable to complete his/her dissertation by four years, he/ she can be granted extension of maximum one year by the Director on recommendation of the ‘Doctoral Committee (DC).’ If a student fails to complete the requirements of the fellow program within the specified period of five years, he/she has to withdraw from the program.

            The Fellow Program will be compulsorily residential for the first two years and the remaining two years will be optional for the students whether to reside or not in the NIFM Campus. No fees in terms of admission and tuition will be charged to the students of the fellow program of the Institute. The students will be provided with a fellowship for the residential period only @ Rs. 15,000/- per month for the initial two years and @ Rs. 17,500/- per month for the subsequent two years. The students will also be provided with Rs. 10,000/- per year as contingency grant during the four years of the program. Besides, the students will also be granted travel grant of Rs. 20,000/- and Rs. 50,000/ for attending conferences held in India and abroad respectively subject to a maximum of two times, whether the conference is held in India or abroad. completion of programme duration, i.e. he l library on recommendation of the supervisor.The student will get free of cost printing and stationary from the Institute. Books and softwares desired by the students to pursue his / her research work will be provided through the central library on recommendation of the supervisor. No fellowship and contingencies will be extended to the students after completion of program duration, i.e. four years. If extension exceeds six months period, a nominal fee will be charged to the student for availing of the campus life.

NIFM, for its Fellow program, will look for candidates with consistently good academic record, professional accomplishments, and a strong urge to contribute to the creation and dissemination of knowledge in the field of financial management. The eligibility of the candidate for the fellow program will be a Master’s Degree (or equivalent, recognized by AIU) in any discipline, with a minimum of 55% marks in aggregate. The professionals with CA, ICWA and CS qualifications with a minimum of 55% marks will also be eligible for the program. For SC/ST/OBC candidates, the eligibility conditions will be relaxed as per the Government of India Rules.

A candidate who wishes to be considered for the FPM program of the NIFM must submit a duly filled in prescribed application form which will be available from the FPM Cell of the Institute or the web site of the Institute (http//www. nifm.ac.in). The Admission Committee will then screen the applications on the basis of academic records, experience, publication, etc. in the ratio of 1:5 for appearing in the entrance test of the Institute followed by personal interviews. Marks will be distributed into different components as follows: