FELLOW PROGRAMME

IN MANAGEMENT 2020

Enter the Realm of Intellectual Scholarship

CONTENT

MESSAGE FROM DEAN 4

MESSAGE FROM FPM DIRECTOR 5

ABOUT FPM 6

A CAREER IN BUSINESS ACADEMIA 8

WHY ISB FPM 9

AREAS OF SPECIALISATION 12

PROGRAMME REQUIREMENTS 14

PLACEMENTS AND CAREERS 16

ADMISSIONS 17

FINANCIAL ASPECTS / SCHOLARSHIPS 19

CAMPUS 22
MESSAGE FROM DEAN MESSAGE FROM FPM DIRECTOR

The Indian School of Business (ISB) is and hone your critical thinking skills, As the Fellow Programme in class universities. We are confident
distinguished by its unique academic work closely with faculty experts Management (FPM) steps into another that your interactions with ISB’s
model infused with international across disciplines to become that next year, it gives me immense pleasure resident and visiting faculty will
faculty and students, which gives all its generation of thought leaders, I have to invite you to join. The programme challenge and enrich you and continue
programmes a uniquely global focus no doubts that much of the future grooms high-quality researchers to to guide you throughout your career.
not just associated to a particular belongs to our FPM students. You become faculty members in top-tier ISB organises seminars throughout the
nationality or perspective. Our faculty can expect to receive individualised research-oriented business schools year, bringing the very best in research
are widely recognised for their attention and may perhaps be able around the world. Our small class and academia to the campus. You will
academic excellence and publications to visit partner schools on exchange size ensures that you will enjoy also have an opportunity to collaborate
in top tier management journals. The programmes, and gain from exposure individual attention and support for with faculty from our associate schools
strong upward trajectory of the School to the best minds, resources and your scholarly ambitions. We have and may perhaps visit their campuses
is embedded in its rich and vibrant facilities that these Schools have to a rigorous mentorship programme, as a part of exchange programme.
research environment, fostered by offer. The students and professors at where our resident faculty will closely The current set of students comprises
research conferences, seminars and ISB that you interact with, learn from guide you through your course of outstanding individuals from diverse
workshops that draw thought leaders and share ideas with, will form the core study and work with you on research work, educational and cultural
from the global business community, of the academic network that you will projects. This hands-on approach backgrounds. Their binding element
the Government and academia. This develop, which will go a long way, in will provide you with an invaluable is a common desire to grow and excel
association allows the School to your professional life. RAJENDRA SRIVASTAVA educational experience and prepare through extraordinary research work. SANJAY KALLAPUR
foster stimulating business-academic Dean and Novartis Professor of you better to face the challenges of an We thank you for your interest in the Deputy Dean - Planning and Regulation,
partnerships for teaching and research. A career in academia is profoundly Marketing Strategy and Innovation academic career. FPM and look forward to seeing you on FPM and EFPM, Academic Director,
At ISB, we are firmly committed to rewarding and an exceptionally campus in Fall 2020. IEMS and Professor of Accounting
creating one of the finest research entrepreneurial activity. Academia As Fellow Programme students, you
environments in the world. offers lot of autonomy. As professors have the unparalleled opportunity
we work in intellectually stimulating to learn and receive guidance from
A mark of our continuing commitment environments peopled by talented leading academicians from world-
to entrepreneurial intellectualism is the colleagues and enthusiastic students -
Fellow Programme in Management a major perquisite of the job. We have
(FPM) designed to train the best and the pleasure and privilege of creating
brightest scholars to be innovative knowledge that will be interesting,
researchers, interested in pursuing innovative and have impact. And
a career in Business Academia. The as mentors, we influence the next
programme endows its students generation of scholars and business
with knowledge, skills, best practices leaders.
and resources to transform them
into researchers par excellence who This is an invitation to you to come and
will push the boundaries of business experience the ISB story and to be a
research. As an FPM student while part of it.
you learn rigorous research methods
ABOUT FPM

Since its inception in 2001, ISB has In addition to training future accelerating academic research and
become well known the world over as researchers, the FPM will also serve preparing our graduates for faculty
a centre of academic excellence with to enhance faculty productivity, positions at leading universities
an impressive record of producing motivation and creativity. Doctoral across the world, its vision stretches
high quality research in all areas of students will serve as research further. Ultimately, it embodies our
management. In line with its aims as assistants and co-authors to faculty commitment to quality and innovation
a vibrant, research-oriented institution, members, making it a win-win at every level, thereby enabling us to
the School initiated the FPM in proposition for the students as well create and share knowledge that’s
2011 to transform promising young as their mentors. FPM will further valuable to both academia and global
researchers into innovative problem- strengthen ISB’s research focus and business.
solvers and thinkers. The foundation output and ensure that path-breaking
for FPM is ISB’s talented and research insights make their way into
productive faculty, who are engaged the classroom. This two-way flow of
in leading-edge research that is both ideas between teaching and research
academically rigorous as well as highly is, without exception, a feature of all
relevant to the needs of business. ISB’s research-oriented schools the world
faculty, who have received their PhDs over.
from acclaimed institutions around
the world and have widely published Our Fellow Programme epitomises the
and presented their research, are spirit of the School’s vision to be an
uniquely positioned to mentor the internationally top-ranked, research-
next generation of academicians and driv en institution that prepares future
researchers in virtually every area of leaders for India and the world. While
management. this programme certainly focuses on

“Fulfill your dreams of

doing impactful
research through FPM.”

ANAND NANDKUMAR
Research Director - CIE; Associate Dean
RCI Management and Associate Professor of Strategy
A CAREER IN BUSINESS ACADEMIA WHY ISB FPM?

The best business schools achieve in the emerging economies. Given Challenging, comprehensive and actively participate in curriculum
their high standing by combining the rapidly changing global scenario global in scope, the FPM aspires to from leading international business design and research conferences, and
research, teaching and management and its impact on business research develop researchers and academicians schools on the basis of their research assist our efforts to recruit the best
practice. The best teachers among and practice, the curriculum will be of exceptional caliber. The proven excellence and teaching acumen. faculty. We also have robust academic
business school faculty members reviewed and upgraded periodically research expertise of ISB’s faculty Visiting faculty, drawn from top collaborations with the London
are usually those who bring the for theoretical rigour and practical members and their dedication to business schools across the world, Business School, Sloan School of
latest management theories and relevance. For bright young supporting and mentoring doctoral bring new knowledge and perspectives Management at MIT, and the Fletcher
techniques to life in the classroom. researchers with inquisitive, creative students, are the powerful beams that into the mix, enriching it further. This School of Law and Diplomacy at Tufts
With the centre of gravity of business and inspired minds and a powerful sustain the programme. dynamic research environment is University. Our association with world-
activity increasingly shifting towards inclination to explore research issues in made even more vibrant by the visiting class business schools ensures that
the emerging markets, there is a business, the ISB FPM is an attractive ISB boasts of a unique portfolio scholars and research scholars whom we are always in step with the latest
growing demand for faculty whose opportunity. faculty model which consists of the School hosts each year. innovations in global management
research focus is on issues and eminent resident and visiting faculty. education. Faculty exchanges, research
challenges relevant to the emerging They are highly sought after by The area leaders from our founding collaborations, student exchange and
economies. The ISB FPM curriculum businesses across the world for their associate schools, the Kellogg School curriculum development are various
aims to achieve a balance between knowledge and expertise on a wide of Management at Northwestern dimensions of our relationship with
cutting-edge academic research and range of issues. The current body of University and the Wharton School these schools.
an understanding of local realities resident faculty has been handpicked at the University of Pennsylvania,
 “The extensive support
provides for a high quality
research ecosystem.”

DEEPA MANI
Associate Professor, Information Systems and Executive Director,
Srini Raju Centre for IT and the Networked Economy
AREAS OF SPECIALISATION

ISB offers the FPM in seven areas: and learn from distinguished faculty University. They use quantitative MARKETING analytical disciplines such as game contextual work performance, positive
Accounting, Financial Economics, members who have published in top- tools such as game theory and theory, econometrics, optimisation, (e.g. creativity, whistle-blowing) and
Information Systems, Marketing, ranked accounting journals such as econometrics, and extensively use Marketing is an interdisciplinary mathematical programming, negative (e.g. white-collar crime,
Operations Management, ‘ The Accounting Review is a top tier economics and strategy as reference field that draws upon theory and probability and statistics, stochastic corruption) deviance in and of
Organisational Behaviour and Strategy. journal’. disciplines to study topics in software methodology from a variety of processes, the theory of algorithms organisations, teams, personality,
Candidates indicate their area of product planning and pricing, human knowledge areas, including psychology, and operations strategy to immerse interpersonal conflicts and relationships
specialisation at the time of applying FINANCIAL ECONOMICS capital development in knowledge- sociology, mathematics, statistics students in an intellectually stimulating at work, and negotiations. Faculty
for the programme. Once admitted the intensive organisations such as IT and economics. The discipline is environment conducive to high quality members in organisational behavior
students will not be allowed to change The Fellow Programme in Financial services firms, electronic commerce fundamentally concerned with the research. Faculty members in this area have PhD degrees from top universities
their area of specialisation. Based on Economics will train students in a and internet advertising, organisation description and prediction of decision have doctoral degrees in operations such as University of Illinois at Urbana-
the pool of applications and suitability wide range of sub-disciplines within and value of outsourcing relationships, outcomes that involve all aspects of management/operations research Champaign, Iowa, Michigan State, and
of the candidates, a specific area may this area. Finance faculty have impact of IT on firm value and on the firm - customers, competitors, from premier universities such as National University of Singapore.
decide not to offer admissions to wide-ranging interests spanning society, and the organisation and value distributors and business regulators. UCLA, Cornell, Rochester, and Georgia
students in an academic year. corporate finance theory, empirical of social networks. The area faculty Marketing uses an eclectic mix of Tech. They have varied research STRATEGY
research in corporate finance, market have established strong publication methods and theories to understand interests in several areas/industries
ACCOUNTING microstructure, microfinance as records in the top academic journals buyers’ perceptions and preferences, and are frequent contributors to The Fellow Programme in Strategy
well as financial econometrics. Our such as Management Science, allocate marketing resources and internationally recognised, top-tier prepares students to engage in
The Fellow Programme in Accounting faculty have published in top-tier Information Systems Research and develop game theory models for academic journals. research that addresses fundamental
trains students to research finance journals in diverse areas such Management Information Systems marketing strategy. The Fellow problems relating to business strategy.
contemporary issues in Accounting as the design of IPO mechanisms, Quarterly. Several top academicians Programme in Marketing Management ORGANISATIONAL BEHAVIOUR The strategic management track trains
using the latest empirical research promotions and internal labour from universities such as NewYork at ISB is designed to train students for them to analyse a firm’s response to
techniques. Students must possess markets, the links between bankruptcy University, University of Minnesota and careers in academia. Members of the The Fellow Programme in its environment and competitors and
intellectual curiosity, an appreciation codes and innovation, and information the University of Connecticut visit the Marketing faculty at the ISB hold PhDs Organisational Behaviour is designed to carry out research that enables
of institutional detail and a strong revelation in future markets. IS area regularly from top universities and are actively to emphasise the importance of an understanding of the foundation
aptitude for quantitative analysis. Prior Candidates with undergraduate or engaged in academic research. individuals and teams as integral to of competitive advantage. It allows
training in accounting is not essential, postgraduate training in economics, to collaborate on research. The IS area modern organisations. The resident students to acquire expertise in a
although exposure to the implications mathematics, engineering, statistics, also hosts an international academic OPERATIONS MANAGEMENT faculty have published papers in variety of disciplines that will enable
of accounting (for example, as a and other quantitative disciplines conference in Information Systems top-tier academic journals like the them to carry out cutting-edge research
user of accounting information) is have an ideal background for doctoral every year. This conference regularly The Fellow Programme in Operations Academy of Management Journal, in areas such as competitive strategy,
preferable. Faculty research interests studies in this arena. attracts the best of the researchers Management is designed to train Journal of Applied Psychology, innovation, global strategy, organisation
include economics of the auditing from the United States. This strong students to use quantitative tools and Journal of Experimental Social theory and entrepreneurship.
profession, corporate governance, INFORMATION SYSTEMS focus on research activities provides analytical frameworks from several Psychology, Personnel Psychology, Faculty members hold PhD degrees
earnings management, accounting a broad exposure to students who are disciplines to study managerial and Organisation Science. Area faculty from prestigious institutions such
conservatism, voluntary disclosure and The faculty in the Information Systems exploring research topics to define problems in areas such as supply have won awards for reviewing, and as Carnegie Mellon University,
executive compensation. Accounting (IS) area at ISB come from the top their areas of interest. Further, the chain management, service delivery, regularly present their research in top Indian Institute of Management,
faculty members have published business schools in the world such as constant availability of faculty with product development, transportation, international conferences. Research London Business School and Ohio
their research in leading accounting Carnegie Mellon, University of Texas, strong publication records in the top retail and manufacturing. The interests of faculty members include State University. They are frequent
journals. You will interact closely University of Rochester and Stanford research journals of the world ensures programme combines diverse organisational citizenship behaviour, contributors to top-tier publications.
in-depth mentorship.
PROGRAMME REQUIREMENTS

TYPICAL STAGES OF PROGRESSION ACADEMIC TRAINING RESIDENCY REQUIREMENTS

Years in the FPM Milestones Doctoral-level training includes doing This is a fully residential programme
course work where in you take the and requires 4 years of full-time study,
Year 1 • Complete core courses and area specific advanced courses prescribed core and specialised closely working with faculty guides and
courses, doing research with faculty also pursuing independent research
Year 2 • Complete area specific advanced courses. members, helping the faculty members interests. Students will be expected
in their teaching and taking up other to spend a minimum of three years in
• Instructed Research Practicum (IRP): Assist on a Research Project under the supervision of a tasks assigned from time to time. residence.
faculty member.
Apart from course work academic CERTIFICATION
• Work on a Research Paper. training includes:
On the successful completion of
• Write FPM Comprehensive Exam by the end of year 2, as per area requirement. 1. Attending the Annual Doctoral the programme requirements and
Consortium / Workshop on recommendations of the FPM
FPM Candidacy • Based on the performance in course work, IRP, Research Paper, Comprehensive Teaching organised by Centre Committee, ISB will grant the
for Teaching, Learning and Case Fellowship to students.
• Exam and potential to conduct scholarly research work, the FPM Committee determines the Development at ISB
eligibility for FPM candidacy.
2. Provide teaching assistance to
Year 3 • Identify Dissertation Chairperson and Dissertation Committee members. visiting and resident faculty

• Identify a dissertation topic, complete preliminary research work on the topic, and work on a 3. Conducting tutorials / teaching a
dissertation proposal. session

• Submit the Dissertation proposal to the Dissertation Committee by the end of the third year 4. Research Assistant-ship under a
for approval. Resident Faculty or in a Research
Center or Institute
Advacned FPM candidacy • On approval of the dissertation proposal, candidate moves to advanced FPM candidacy.

Year 4 • Continue work on dissertation.

• Based on the dissertation defense, completion of subsequent revisions, and the FPM
committee’s recommendation, the candidate is conferred “Fellow in Management”.

“The FPM is a meandering

journey where there is no
set path. Only the never
say die attitude is gonna
help you tread this path.”
ASHISH GALANDE
Assistant Professor, IIM Udaipur
PLACEMENTS ADMISSIONS

FPM develops and grooms inspired on the quality of the research work ISB aims to bring together individuals self-motivation and ingenuity in their APPLICATION PROCEDURE
and dedicated individuals to explore done by a student in the dissertation. from a wide variety of backgrounds, prior academic and work experience.
research issues in business. Besides Therefore, it is largely up to the student nationalities and educational All applications should be submitted
nurturing their foray into the research to work hard and produce high quality experiences. The common 2. Test requirements online at www.isb.edu/fpm. An
arena, the FPM also moulds budding research to get the desired placement. denominators are superior academic application fee of INR 3,000 should be
young researchers into effective Our responsibility is to facilitate this credentials and a consistent display All applicants are required to take one paid while submitting the application
teachers. by providing world class education, of intellectual prowess. Excellent of the following tests by the time of online.
training, mentor-ship, access to global written and verbal communication submission of application. Applications
ISB provides committed support faculty, and an excellent academic skills are essential. Applicants must will not be considered without a valid A complete application must include:
to all FPM students throughout environment overall. have a strong interest in pursuing test score.
the programme so that they gain a research and teaching career in • Latest Curriculum Vitae with a
meaningful teaching experiences So far ISB has successfully placed its academia. Above all, candidates need Graduate Record Examination General recent photograph
before formally embarking upon Doctoral Candidates at prestigious to possess both the ability to engage Test (GRE) administered by the
their careers. FPM students work in Schools like ISSEC, France; Indian in high quality research and the Educational Testing Service (ETS), • Statement of Purpose
the capacity of teaching assistants, Institute of Management, Udaipur; commitment to be an academician at Princeton, USA
mentors, and other roles which involve London School of Economics & an international level. • Certified copies of all university
imparting knowledge to their peers or Public Policy; School of Economics, (OR) degrees/ diplomas
juniors, either in a group or one-to-one University of Moscow; UWA Business ELIGIBILITY
setting. ISB aims to place students in School University of Western Australia, Graduate Management Admission Test • Official transcripts of grades
top research schools across the world. Perth; UQ Business School, University 1. Undergraduate/ Post graduate (GMAT) administered by Pearson VUE,
While we put in efforts to do so, there of Queensland, Australia. The FPM degree Bloomington, USA. • Three letters of recommendation
is no guarantee of placement. Graduates have also been placed as from faculty or scholars on the
Post Doctoral Fellow at schools like Applicants should have 4 year (OR) applicant’s academic ability and
Unlike in other degree programs, such The University of Illinois at Urbana- undergraduate or a postgraduate potential for research and teaching
as B. Tech. or MBA, placement after Champaign. degree from an accredited academic Common Admission Test (CAT)
a doctoral program depends entirely institution in areas such as business, conducted by IIMs • Valid GMAT / GRE / CAT / JRF score
economics, engineering, computer report
sciences, mathematics, physics or the (OR)
arts. Irrespective of the field of study, • TOEFL score report (for applicants
applicants must possess a strong Junior Research Fellowships (JRF) whose language of instruction at the
academic record and display creativity, conducted by UGC. undergraduate level is not English)
 FINANCIAL ASPECTS / SCHOLARSHIPS

APPLICATION TIMELINES ASSESSMENT To enable focus on studies, without LAPTOP ALLOWANCE schools on exchange programmes,
having to worry about financial at the request of the student, s/he
Please note the following details for admission to the programme commencing in Candidates will be assessed on the pressures, the following financial aid is One-time reimbursement of INR may be granted additional stipend
September 2020: basis of Academic Performance, GMAT offered subject to periodic review and 100,000/- to cover expenses of at the recommendation of the FPM
/ GRE / CAT / JRF Scores, Statement revision by ISB: laptop, docking station and any other Committee.
S.No. Description Date of Purpose, Faculty Recommendation computer accessories.
Letters, Research Potential, Career PROGRAMME FEES MEDICAL INSURANCE
1 Application open October 10, 2019 Plans, Personal characteristics SCHOLARSHIP
required for an international academic Full Tuition Fee Waiver except for It is mandatory for all students and
2 Application close January 31, 2020 career, intellectual ability, motivation sponsored candidates A monthly scholarship of INR 55,000/- their dependents living on campus
communication and writing skills to cover living expenses. The usual to have medical insurance. ISB will
3 Admission announcement Mid April, 2020 etc Decisions are based upon an ACCOMMODATION ON CAMPUS duration of the scholarship is for provide Health Insurance to FPM
evaluation of all of these aspects, four years subject to satisfactory student, his/her spouse and 2 children.
4 Orientation and registration August 14, 2020 relative to those of the other On campus fully furnished performance. In line with many other Students are allowed to include their
applicants. free accommodation (shared international institutions ISB might parents or in-laws (any two) to the
accommodation for unmarried and offer an additional year of funding at policy if the student is willing to pay
ONLINE INFOSESSIONS Following submission of complete studio for married students) will be the discretion of the Faculty Advisor, the premium. In addition to this,
application, the FPM office will shortlist provided subject to availability. In case Dissertation Chair and the FPM students are also provided travel
To dwell more on the nitty-gritties of the programme, ISB will be hosting online the candidates and contact them on campus accommodation is not Director for selected students who insurance when they are on exchange
info sessions (webinars) for the ease of prospective applicants. The schedule for for the next steps in the admissions available additional allowance of INR have not been able to complete their programme / attend international
the webinars will be announced on the website. process. 25000 will be given towards house dissertation in four years. Students on conference approved by the Faculty
rent. leave are not eligible for financial aid. Advisor, Dissertation Chair and the
In case, the student is sent to other FPM Director.

“As an FPM student at ISB, I was

never confined in the boundaries of a
department. Interdisciplinary
research added a feather to my cap.”

ARKAJA CHAKRAVERTY
Assistant Professor of Finance
International College of Economics and Finance
National Research University - Higher School of Economics
 “A global platform for
scholars to present their
research.”

MILIND G SOHONI
Area Leader and Professor of Operations Management
Deputy Dean - Hyderabad Campus and Academic Affairs
CAMPUS

The ISB Hyderabad campus lies on connectivity. The FPM is currently entirely on learning. ISB has excellent
a beautiful site with large boulders, offered at the Hyderabad campus only. recreational facilities - a swimming
open fields, land-scaped areas, open pool, fitness centre and courts for
fields with greenery and cluster of The ISB Mohali campus spread across badminton, squash, table tennis, lawn
trees. The campus architects have 70 acres in the Knowledge City is tennis, volleyball and basketball. There
retained and highlighted the existing equipped with state-of-the-art learning is also a play area for children and a
rock formations and the tree canopies, infrastructure - lecture theatres, a toddler’s room.
combining the elegant buildings and 500-seater auditorium, high definition
facilities with the scenic landscape. video conferencing facilities to enable RESEARCH AND LEARNING
collaboration across locations, RESOURCES
ISB’s impressive infrastructure makes seamless access to digital and online
for a superior learning environment. library resources, student cafeteria, and The Learning Resource Centre (LRC), a
The ISB Hyderabad campus spread more. The campus is designed to meet towering structure in the middle of the
over 260 acres, is internet enabled the LEED Gold sustainability criteria. Academic Centre, hosts the library and
with state-of-the-art air-conditioned IT facility offices. The e-resources and
lecture theatres, an excellent library, The Student Villages at both online databases currently available
video conferencing and other world- Hyderabad and Mohali comprises fully at the LRC are among the best in any
class facilities. The heart of the air-conditioned serviced apartments, academic facility. The LRC’s collection
campus is the Academic Centre, with elegant contemporary furniture spans nearly 41,000 books, 150
which houses the lecture theatres, and fittings, a kitchenette, television print journals, 50 online databases
classrooms, faculty offices, services with cable connection and other (including over 2,000 e-journals), and
and auditorium. The Academic Centre modern conveniences. ISB offers 5,700 AV resources besides having
provides an ideal study environment a conducive environment for access to the databases - Bloomberg
with air-conditioned lecture theatres, families living on campus. Dining, and Thomson Reuters Eikon through
classrooms, breakout rooms, a large housekeeping, courier and banking NSE-ISB Trading Lab.
library, meeting rooms, coffee bars, facilities are provided, in addition to a
and dining facilities. It has state-of- wellness centre, grocery store, travel
the-art infrastructure with a 408 seat desk and bookstore. The School
auditorium and a communications ensures that basic needs of students
network that ensures instant global are addressed, allowing them to focus

“More than hard work it’s the perseverance

that actually pays off in a PhD Programme.
More than Innate curiosity it’s the attention to
detail and an openness to receive criticism and
feedback which made me a better researcher.”

PRAKASH SATYAVAGEESWARAN
Assistant Professor, IIM Udaipur
 INDIAN SCHOOL OF BUSINESS

HYDERABAD CAMPUS: Gachibowli, Hyderabad - 500 032, Telangana, India

MOHALI CAMPUS: Knowledge City, Sector 81, SAS Nagar, Mohali - 140 306 Punjab, India

www.isb.edu/fpm | fpm_admissions@isb.edu | +91 40 2318 7989/ 36

Corporate Identity Number: U80100TG1997NPL036631