The Executive Fellowship Programme in Management (EFPM) at IMI Kolkata has been designed to provide an opportunity to working individuals to equip themselves with powerful knowledge, tools and resources to tackle complicate business challenges of present times. The Programme focuses on preparing scholars for careers in the government, in industry and for careers in teaching and research in management studies and in related disciplines. The EFPM has been designed to effectively spread quality management education among practicing managers and researchers, across all levels. The EFPM research scholars of IMI Kolkata are expected to undertake a rigorous multidisciplinary approach to offer original works of theoretical and application-oriented research with far reaching implications.

Duration of the Programme

The Programme is of four years’ duration. However, this is extendable maximum up to 1 year in exceptional cases, subject to the consideration and approval by the IMI Kolkata research council. It consists of two phases. The first phase of the Programme involves course work for two years followed by a comprehensive examination (CE). The CE based on research scholar’s chosen area of interest will be taken after completion of the course work. The CE serves as a gateway to the dissertation as the means to ensure that research scholars have the background knowledge to do a doctoral dissertation. The second phase requires scholars to work on their thesis. This involves the preparation of thesis proposal, pursuing research on this proposal and finally an examination based on the thesis leading to FPM.

Programme Objective

The Programme

IMI Kolkata offers ample opportunities for advanced study and research. The programme includes intensive formal courses as well as individually pursued selfstudy or seminar courses on special topics. The executive scholars are expected to work closely with the Institute’s well-known faculty, both inside and outside the classroom.

The EFPM is designed to train scholars for careers in research, teaching and consultancy in technical and theoretical disciplines underlying business administration. These skills have become mandatory for jobs in academia and are increasingly important in business and government, as well as in consulting, research and technical advisory firms.

Programme Objective
  • Promote contemporary research
  • Develop the prospect of new age management education in India with pertinent theoretical insights
  • Train, motivate and empower prospective scholars to become highly skilled and innovative researchers, analysts and facilitators

Course Structure

The candidates will pursue a number of compulsory courses in different areas of management spread over 3 trimesters in the first year. The courses will be of 3 credits equivalent to 30 hours of classes. After the first 3 trimesters the candidates are required to prepare a summer paper during the period April-June. On successful completion of first year, during the 2nd year they are required to pursue 4 compulsory courses and at least 5 elective courses during the 4th and the 5th trimester. During the 6th trimester they are required prepare a seminar paper. The candidates will appear for CE at the end of the 6th trimester and on successful completion, will commence their thesis from the 3rd year. At the end of the 2nd year they are required to prepare their thesis proposal during the period April-June.

Compulsory Courses

Following are the list of courses one has to pursue . However, waivers may be given for some courses as per the decision of IMI Kolkata Research Council.

2nd Year

  • Quantitative Research Methods
  • Communication in Management Pedagogy
  • Philosophy of Business
  • Management
List of EFPM Electives Offered

Following are the set of electives offered in different areas:


  • Advanced Microeconomics
  • Advanced Macroeconomics
  • Econometrics
  • Game Theory
  • Industrial Organisation
  • Behavioural Economics
  • Public Economics
  • Development Economics
  • Financial Economics
  • International Business

Finance and Accounting

  • Advanced Corporate Financial Theory
  • Asset Pricing Theory
  • Financial Econometrics
  • Financial Derivatives
  • International Finance
  • Advanced Research in Accounting
  • Financial Market Research
  • Behavioral Finance

Strategic Management

  • Advanced Strategic Management
  • Seminar on Advanced Methodologies in Strategic Management Research
  • • International Strategic Management
  • • Strategy and Innovation
  • Seminar on Entrepreneurship
  • Economics of Strategy
  • Corporate Governance
  • Corporate Social Responsibility (CSR) and Sustainable Development

Organisational Behaviour and Human Resource Management

  • Organisational Theory
  • Advanced HRM
  • Managing Transformation & Change
  • Researches on Leadership & Organisational Behaviour
  • Strategic HRM: Advances in Research
  • Advances in Organisation Design and Change
  • Research in Personality and Applied Behavioural Science


  • Marketing Models and Theory
  • Behavioural and Consumer Research
  • Advanced Applications of Marketing Research Methods
  • Advanced Marketing Communication and Digital Markets
  • Retail Marketing Research and Best Practices
  • Strategic Brand Management
  • Advanced Services Marketing
  • Rural and BoP Marketing
  • Specialised Course in CIS Mode

Information System

  • Graph Theory and Combinatorial Optimization
  • Computer Algorithms and Applications
  • Data Mining and Business Intelligence
  • System Analysis and Design
  • Software Risk Management
  • Multi Criteria Decision Making
  • E-commerce
  • Cloud Computing
  • Computer Networks
  • Database Management Systems
  • Data Analytics with Hadoop

Operations Management

  • Optimization and Logistics Modeling
  • Simulation Classical and Advanced Techniques for Optimization
  • Stochastic Process: Theory and Applications
  • Contemporary Topics in Operations Management
  • Supply Chain Modeling Techniques
  • Project Management
  • Non-Linear Programming