Does FPM at IIMs Offer 100% Placement Opportunities?
The Frequently Enrolled Doctoral Program (FPM) at Indian Institutes of Management (IIMs) often raises questions regarding its placement outcomes. Contrary to the assumption that FPMs are a program similar to the Post Graduate Programme (PGP) or Executive Post Graduate Programme (EPGP), where placements are directly offered, the FPM offers a different yet equally promising pathway towards career success.
Understanding FPM and Its Placement Landscape
FPMs at IIMs are not designed to automatically place students in specific roles or companies. They are intensive research programs aimed at equipping students with advanced analytical and research skills. Unlike PGP or EPGP programs, where placement offers are directly provided, FPM graduates are only opening their careers to a wide array of job opportunities. The degree from an FPM is still valid for job applications, and the prestigious IIM brand enhances your employability in the job market.
Despite the misconception, a significant number of FPM graduates do choose to enter the job market immediately after completion. However, due to the nature of the FPM curriculum, which is deeply rooted in research, many students prefer to seek faculty positions, both within and outside the academic domain.
Alternative Career Paths for FPM Graduates
After the FPM, students often opt for post-doctoral contracts at esteemed institutions, such as the Indian Institutes of Technology (IITs), BITs, TIFR, Ahmedabad University, NMIMS, SP Jain, XLRI, GIM, and others. These institutions offer robust research and academic environments, making post-doctoral positions an excellent choice for continuing research careers.
Once the initial post-doctoral contract ends, many FPM graduates find themselves in advantageous positions to obtain faculty positions at various colleges and universities. The demand for individuals with a strong research background and specialized skills in their fields remains high, making it easier for them to secure these positions.
Demand and Supply Dynamics in the Market
The success of FPM graduates lies not only in their education but also in the high demand for their skill sets in the job market. The supply of professionals with the skills and research experience gained through FPMs is low, creating a favorable market condition for placements. This is where the fundamental lesson of microeconomics comes into play: when demand is high and supply is low, prices (or in this case, job offers) rise.
Therefore, while FPM graduates might not have guaranteed placement offers, the market demand for their skills ensures that they remain highly sought after in academia and research roles. Whether you are planning to continue in academia or move into the industry, the skills and knowledge gained through an FPM will prove invaluable.
Conclusion
In sum, the FPM at IIMs does offer a pathway that can lead to successful placement opportunities, albeit indirectly through the jobs and research positions available. If ensuring a 100% placement is a top priority, the FPM might not be the best choice for you. However, for those passionate about deep research and careers in academia or specialized research roles, an FPM from an IIM is a robust and rewarding academic journey.
Potential Risks and Considerations
It is important to note that pursuing an FPM at an IIM requires careful consideration. The program is highly competitive and demanding, with a focus on research and teaching. If you are not prepared for the rigorous academic environment and the possibility of taking longer to enter the job market, you may want to explore other options. However, for those who are committed to advancing their research careers and contributing to the academic community, the FPM offers a pathway to success in both academia and industry.