fpm brochure

8/14/2019 FPM Brochure

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Fellow Programme in Management (FPM)

Prospectus

National Institute of Financial Management(An Autonomous Institute under the Ministry of Finance, Government of India)


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Contents

Sl. Description Page

1. Message from the Director 3

2. About the NIFM 4-6

The Institute Members of the NIFM SocietyAcademic Advisory Council of NIFM

3. General Information 7-11 CampusAccommodation Security in the Hostel Mess Rules for NIFM Hostel Medical Services NIFM Library Computer Centre Co-Curricular Activities

4. NIFM Faculty 12-13

5. Fellow Program in Management (FPM) 14-19

6. Application Form 20-21


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he National Institute of Financial Management (NIFM) was set up in 1993 underthe Ministry of Finance, Government of India as a premier training institution

for officers recruited by the Union Public Service Commission (UPSC) andresponsible for manning senior and top management posts dealing with accountsand finance in the Government of India. Since its beginning, the NIFM has beenimparting training in above mentioned areas with par excellence making an indeliblemark in this field. With an objective to further extend its reach and serve its clienteleat a larger scale, the Institute has, in due course of time, added some more importantand relevant long-term programs, namely, Professional Training Course (PTC); Post-Graduate Diploma in Financial Management (PGDFM); and Diploma inGovernment Account & Internal Audit (DGA&IA); all duly approved by theAICTE, to its fold. It is a matter of great satisfaction and encouragement that theNIFM has by now emerged as a Centre of Excellence in training and education inFinancial Management in and outside India.

t has been our continuous endeavor to improve our performance so that theInstitute serves its purpose more effectively. For this, it requires, among other

things, to create and develop new knowledge in its domain areas to make trainingand education more and more relevant for the changing requirements of the time.There is evidence to believe that education and research strengthen each other in a

virtuousmanner. It is with this realization that the NIFM is proposing to start theDoctoral Level Program known as the Fellow Program in Management (FPM),equivalent to Ph. D., within its domain from July, 2009.

ased on the guidelines followed by other premier management institutes in Indiain this regard, we have designed our Fellow Program as much as possible

appropriate and relevant to serve its purpose. I, on behalf of the NIFM and myown, invite the FPM aspirants to apply for the program to be benefited from ourmodest endeavor.

wish the Fellow Program of the NIFM all the success and its students all the best.

(G. P. Gupta)Director

B


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he National Institute of Financial Management (NIFM) was set up in 1993 on

the basis of a proposal made by Ministry of Finance, which was approved bythe Union Cabinet. The Union Cabinet envisaged that NIFM would begin as atraining institution for officers recruited by the Union Public Service Commission(UPSC) through the annual Civil Service Examinations and allocated to the variousservices responsible for manning senior and top management posts dealing withaccounts and finance in the Government of India. NIFM was to develop as a centreof excellence in the areas of Financial Management and related disciplines not onlyin India but also in Asia.

n order to ensure that NIFM enjoys a greater degree of flexibility and autonomythan the departmental academies that existed at that time for officers training, it

was decided that the institute would be a legal entity known as Society. Suchsocieties are legally independent entities authorized to frame their own rules andregulations. This structure makes available greater autonomy in both academic andadministrative matters to the Institute, facilitating quick decision making in responseto changing perceptions of desired goals and objectives.

espite the legally autonomous character of the Institute, making the FinanceMinister of Government of India, the President of the Society, ensured a

very close linkage with Government. For administrative purposes, there is aGoverning Board chaired by the Secretary (Expenditure). The Director appointedby the Appointments Committee of the Cabinet is responsible for the administrationand academic programs of the Institute. It will thus be seen that the Institute has

close links and direct access to Government of India.

he Institute recruits its faculty either by deputation from Civil Services or byselection from the best in the academic field. The institute therefore has a

distinct advantage of a mix of faculty from academic as well as government sector.The Institute adheres to norms prescribed by the All India Council for TechnicalEducation with respect to faculty qualifications and strength.

he Institute maintains a wide network of guest faculty who are called upon toteach topics in which they specialize. There is also an adjunct faculty

arrangement to take advantage of the specialized coverage of courses.

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Shri Pranab Mukherjee Honble Union Finance Minister, Government of India

Ms. Sushma Nath Secretary (Expenditure), Ministry of Finance,Government of India

Ms. Bharti Prasad Dy. Comptroller & Auditor General of India

Shri V.N. Kaila Controller General of Accounts, Government of India

Shri R. Ashok Member (Finance) Telecom, Telecom Commission,Government of India

Ms. Sudha Chobe Financial Commissioner (Railways), Government ofIndia

Ms. Bulbul Ghosh Controller General of Defence Accounts, Government ofIndia

Shri Dharam Vir Chief Secretary, Government of Haryana

Shri G.P. Gupta Director, NIFM

Shri D.C. Bajaj Addl. Chief Advisor (Cost), Ministry of Finance,

Government of India

Shri T.N. Thakur Chairman & Managing Director, Power TradingCorporation of India, N.Delhi

Dr. P.K. Jain Professor, Department of Management Studies, IndianInstitute of Technology, Delhi

Dr. A K Bhattacharya Professor, Indian Institute of Management, Kolkata

Dr. S S Yadav Professor and Head, Dept. of Management Studies, IITDelhi

Dr. J K Mitra Professor and Dean, Faculty of Management Studies,Delhi University.


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Shri G.P. Gupta Director, NIFM

Shri T.N. Thakur C & MD, Power Trading Corporation ofIndia, New Delhi

Dr. P.K. Jain Professor, Department of ManagementStudies, Indian Institute of Technology, Delhi

Dr. A K Bhattacharya Professor, Indian Institute of Management,Kolkata

Dr. R Ravi Kumar Professor (OB & HR), Indian Institute ofManagement, Bangalore

Dr. Karuna Jain Professor, IIT Mumbai, Institute of CharteredAccountants of India

Smt. Sunita Trivedi Chief General Manager, Postal LifeInsurance, Department of Posts, Governmentof India

Dr. K P Kaushik Professor, NIFM

Dr. A K Sharan Professor & Coordinator, PGDBM (FM),NIFM

Dr. S S Khanka Professor, NIFM

Dr. (Smt.) Namrata Agrawal Professor, NIFM


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The Campus

The Institute is located on a plot of land measuring over 40 acres on the Pali Road.The Institute building is beautifully landscaped, with a unique architectural design.Its sprawling lush green lawns, luxurious green cover around with perennial shrubs,flowers and trees make the Campus an ideal place for serious studies as well asrecreation in the midst ofnature.Accommodation - NIFM Hostel

The hostel building which matches in design with the main Institute building hasaccommodation for about 175 trainees on single and double occupancy basis.

Officer trainees are expected to maintain their rooms themselves. Beds must bemade when not in use. Electrical Appliances, lights & taps must be switched off

when Officer-trainees leave their rooms or when otherwise not required. Damage toInstitute property caused through negligence will have to be made good by theconcerned officer trainee.

- Daily newspapers/magazines are available for reading in the lounge (GroundFloor) of the hostel.

- Two internet labs have been provided in Hostel lobby with computers.- Five Washing Machines have been installed in the Hostel for use by the

Probationers / trainees officers.- Reverse Osmosis Water Filters are installed in the Hostel. Probationers are

advised not to drink unfiltered water.- Two lines have been provided in the hostel to avail STD facility through VCC

cards or conferencing on payment basis.

Security in the Hostel

Hostel Attendants are available in the hostel round the clock to facilitate the officertrainees. Officer trainees are required to follow the following security instructionsstrictly as under :

i) Officer trainees should put their own locks in the hostel rooms.ii) Valuable articles such as jewelry, cash etc. should not be kept in the hostel

rooms.iii) Before leaving the rooms, the doors opening in the balconies must beproperly bolted/locked & keys should not be left with the room boys.

iv) Cleaning of the rooms in the hostel should be got done by the officertrainees in their presence.

v) Reception Staff should not be sent on private errands.


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vi) Any suspicious movement of persons be immediately reported to theSecurity Guard / Reception Desk and / or Security Officer or Faculty-in-chare (Security).

vii) Individual lockers are provided at the Ground Floor for receiving mail andalso for official communications issued by NIFM. Officer trainees areexpected to check their lockers on a regular basis.

Mess

The Officers Mess comprises of an air-conditioned lounge and an air-conditionedDining Hall. The mess food is provided by a contractor. The probationers areexpected to strictly observe the meal timings.

Rules for NIFM Hostel

1. The hostel accommodation is primarily meant for participants of residentialtraining programs / courses conducted by the Institute from time to time,

visiting guest faculty and for the chairman & members of the Governing Bodywho visit the Institute for attending meetings or in connection with any otherwork.

2. Visitors to the hostel will not be permitted after 10:00 P.M. They will have toleave the campus by 10:00 P.M. NIFM reserves the right of admission of avisitor to the hostel.

3. The security personnel/Reception Desk are under instructions to keep theentrance doors of the Hostel locked from 11:00 PM till 5:00 A.M. Entrance orExit during the said period shall have to be duly explained to the appropriate

authority.

4. Cooking of any food item or preparation of tea/coffee in the hostel room is notpermitted.

5. Hostel residents will be responsible for any loss or damage caused to theproperty of the Institute, whether movable or immovable, either by themselvesor by the spouse, relative(s) or visitor(s).

6. The residents are expected to allow employees of the Hostel Administration toaccess their rooms for cleaning, repairs, and maintenance and security purposes.

7. The residents are required to use ash-trays, waste-paper baskets etc andotherwise cooperate with the hostel management in maintaining cleanliness.

8. The residents are not allowed to assign any personal work to the employees ofthe Hostel Administration.


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9. In order to conserve energy & water and avoid waste, the residents are expectedto switch off the lights, fans etc. and close the bathroom and washbasin tapsafter use. They should put the Main Switch off while leaving their rooms.

10.Any music system etc. which causes disturbance and inconvenience to others willnot be allowed to be used in the Hostel premises.

11.Electrical appliances such as TV, Fridge, AC etc. can not be installed in theallotted rooms.

12.Officer trainees who have been permitted station leave by the CourseCoordinator must inform the Hostel Manager before leaving. A register isavailable at the Hostel Reception in which Departure and Arrival time has to berecorded. Officer trainees are not allowed to stay outside the Hostel overnightwithout prior permission.

13.Particulars of all motor vehicles (cars, scooters, motor cycles) owned byProbationers residing in the hostel must be intimated to the Hostel Manager.Their parking in the Campus will be solely at the risk and responsibility of theowner. NIFM will be in no way responsible for any loss.

14.Consumption of alcoholic drinks, narcotics or any kind of intoxicants is strictlyprohibited in the Hostel premises. Those found violating this rule are liable fordisciplinary action. Smoking is not permitted during lectures, practical classes,tests etc.

15.The residents should take care of their personal belongings and use their ownlocks in the rooms. However, keys of built-in cupboards/tables are to be kept in

possession by the residents carefully. In case of misplacement or loss, the factshould be immediately reported to the Hostel Administration. In case of loss ofkey to furniture / fixture or room, a sum of Rs. 100/- per key shall be chargedfor replacement.

16.The Hostel Administration reserves the right to inspect the Hostel rooms at anytime.

17.Officer trainees should take the Morning tea, Breakfast, Lunch and Dinner in theMess only. Food is not served in hostel rooms except in the case of declaredsickness followed by a sick diet.

18.Catering facilities are available in the Dining Hall of the Institute as per timingsgiven below:

Morning Tea - 6:00 am to 6:30 amBreakfast - 8:00 am to 8:45 amLunch - 1:15 pm to 2:15 pmDinner - 8:00 pm to 9:30 pm


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19. Exemption in Mess Bill would be made available only on the production ofsanctioned leave or station leave for the weekend. Not taking meal for a part ofthe day will not entitle the resident to any exemption/rebate in the Mess Bill.

20. Officer trainees are required to pay Rs.400/- per month as license fee for room,furnishing charges and services such as electricity, water charges, cleaning etc.

21. Mess Committee: There will be a Mess Committee consisting of officer traineesand one nominee representing PGDBM (FM) officers to be nominated by theProgram Coordinator PGDBM (FM), which will be responsible for deciding themenu for normal and special occasions and for arranging tasty and healthy food.The Mess Committee will also organize dinners on special occasions. It will alsoresponsible for the quality check of the food during its preparation stage. Forthis purpose it may nominate one probationer on rotation basis each day tocarry-out quality check of the food.

Medical Services

A Medical Officer (presently Dr. K.S. Jindal) visits the hostel everyday (exceptholidays and Sundays) to provide medical services to the officer trainees at certainspecified hours. He can also be contacted at odd hours in case of emergency ontelephone nos. 2417206 (Clinic) and 2284028 (Residence). Serious cases are referredto the Escorts Medical Centre on the advice of Dr. Jindal.

NIFM Library

About the Library: - NIFM Library is covering approximately 1000 sq. meter ofcarpet area with two floors. The library is fully computerized and used bar-code

technology for circulation and stock verification. Further more, the librarysubscribes on-line databases.Library Resources: The library has a large variety of knowledge resources. It holds avery rich collection of printed as well as electronic resources which include books,journals, databases, case studies, trend reports and policy documents etc. The totalcollection of the library is over 30,000. The library also maintains a selectivecollection of CD-ROMs, Video Cassettes and Bound Periodicals. Besides that,library subscribes 84 Indian, 26 foreign journals, 17 Magazines and 19 Newspapers.Further more, the library has 18609 indexed articles. In addition, the library hasdeveloped on archive on finance and other related subjects which contains WorldBank, CAG, IMF, RBI and Government documents. Library is also a member of

DELNET.Timings Monday to Friday -- 9 am to 7 pm Saturday -- 10 am to 2 pm 2nd Saturday, Sundays and Holidays -- Closed


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Library Rules

Make sure to make entry in the visitors register while entering in the librarywhich is kept at library gate.

Users can borrow up to 10 Books and 5 Rules Books (Muthu Swamy) for 4Weeks. They can also borrow 2 old magazines for one day only. Referencebooks, Current Journals/magazines will not be issued.

After the due date, over due will be charged Rs. 5.00 per day on each bookand the same will be collected at the time of NOC.

Xerox facility is available @ 1.00 per exposure. Books will not be issued without membership card. In case lose of card,

report immediately at the circulation counter. In case any book is lost or damaged, it has to be replaced by the officer /

trainee. In case replacement is not possible, cost of the book will be realized.If any issue of the periodicals is lost or damaged, the borrower will berequired to pay the cost of whole set of periodicals.

Computer Centre

NIFM has two modern states of art computer labs having all Pentium-IV machinesconnected by Local Area Network and 2 Mbps internet connectivity. The timingsare as under:

Working Days - 09:00 a.m. to 6:00 p.m. Saturday - 10:00 a.m. to 2:00 p.m.

The campus is covered with wi fi internet connectivity also. A few Computers

have also been provided in the hostel for the benefit of the officer trainees.Computer Labs in Hostel will remain open for 24X7.

Co-Curricular Activities

Officer trainees are expected to constitute the following Committees / Clubs fororganizing co-curricular activities. These Committees shall have 4-5 elected/selectedrepresentatives including the Secretary.

Sport & Cultural Activities Committees : These two Committees willorganize cultural programs and

sports activities and tournamentsrespectively. Facilities for gameslike basket ball, volleyball, tabletennis, tennis, cricket, badminton,billiards, carom, chess etc. areavailable in the Campus. A state-of-art gymnasium has also beenset up.


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Literary and Debating Club : This club is responsible fororganizing literary and debatingactivities in the campus. It alsotakes responsibility for brining outofficer trainees magazine,

MANJAR. / FUHAAR Weekend Activities Club : This club is responsible fororganizing group activities likeexcursions, trips to nearby placesetc. on weekends.


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THE CORE FACULTY of NIFM

Director Shri G. P. Gupta is an officer of the 1983 batch of theIndian Civil Accounts Service (ICAS). Shri Gupta has PostGraduation qualification in Commerce in Management,

besides having professional degrees in the areas of Accountsand Audit. He is an MBA from the University of Hull,United Kingdom.

Dr. K. P. Kaushik Professor (Financial Management) M.Com., Ph.D. Hisareas of interest are Financial Management and Accounting.

Dr. A. K. Sharan Professor Public Finance and (Economics)M.A., Ph.D.(Business Economics). His areas of interest are FiscalManagement, Banking, Entrepreneurship and Small ScaleIndustries.

Dr. S. S. Khanka Professor (Human Resources) M.Com., Ph.D. His areasof interest are teaching and research in human resource

management, organizational behaviour, entrepreneurshipdevelopment, and general management.

Dr. NamrataAgrawal

Professor (Computers and MIS) M.C.A. (Hons), Ph.D.Her areas of interest are Applied IT, Computer Networks,E-Governance, Cyber Security & ComputerizedAccounting.

Dr. A. M. Sherry Associate Professor (SG), (Accounts) M.Com., Ph.D. Hisareas of interest are Financial Reporting Standards,Accountancy and Taxation.

Dr. Alok Pandey Associate Professor (SG), (Finance & Accounts). Hisareas of interest are finance and accounts.

Dr. S. Teki Associate Professor (Finance & Accounts) M.Com,M.B.A., Ph.D. His areas of interest are ManagementAccounting, Micro Finance and Marketing.

Dr. Brajesh Kumar Faculty Associate (Economics), M.A., Ph.D. His areas ofinterest are Managerial Economics, Financial Econometricsand Computer Applications in Economics.

Dr. Jaya Bhalla Research Associate (Human Resources), M.Com.,Ph.D. Her areas of interest are teaching and research in thecontemporary themes in human resources management anddevelopment.

Dr. Vinod Gautam Asstt. Librarian M. Lib., Ph.D. in Library InformationScience. His area of interest is Library Automation.


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Faculty on Contract

Dr. Vinti Agarwal Associate Professor, M.A. (Economics,) Ph.D. Her areas ofinterest are teaching and research in corporate and PublicFinancial Management.

Dr. S. K. Sahu Associate Professor, M.A. (Statistics,) Ph.D. His areas ofinterest are teaching and research in Materials ManagementSystem, Application of Quantitative Techniques in Businessand Research.

Consultants

Sh. B.S.Ramaswamy

A Senior Officer of the Indian Audit & Accounts Service.He retired as Additional Secretary to the Government ofIndia. As a guest faculty, he covers the areas of tenderingand contract management.

Sh. R.N. Ghosh B.Tech and retired as Additional Director General fromDGS&D. As a guest faculty he covers specialized areasconcerning procurement management in government both, with domestic funds as well as with funds from WorldBank & Asian Development Bank.


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Objective

The objective of the Fellow Program in Management (FPM), a Doctoral levelprogram of NIFM Faridabad, is to develop scholars for distinguished careers in

teaching, training, research, and consultancy in management.

Structure of the Program

The Fellow Program, a Doctoral level program, is the highest academic qualificationany one can earn. It requires extended study and intense intellectual effort.Therefore, one needs high level of commitment in order to successfully complete theprogram. The program requires successful completion of two things one mustmaster a specific subject completely, and one must extend the body of knowledgeabout that subject. Accordingly, the program consists of two phases. The first phaseof the program consists of course-work involving Fellow program level courses

followed by a comprehensive qualifying examination. The second phase of theprogram 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 defenseMandatory Course WorkThe FPM students during the first one and half year will have to undergo amandatory course work to acquire knowledge in financial management. The coursework consists of three types of courses as follows:

Sl. Types of Courses Duration

Module 1 Base Courses (06 Papers) 06MonthsCompulsory Courses (02 Papers)

1. Research Methodology (including SPSS) 3 Credits2. Strategic Financial Management 3 CreditsOptional Courses (04 Papers)

1. Economics: Theory, Policy and Applications 3 Credits2. Financial and Cost Accounting 3 Credits3. Corporate Finance 3 Credits4. Written Analysis and Communication 3 Credits5. Economic Growth and Development 3 Credits6. Public Expenditure and Financial Administration 3 Credits

Module 2 Advanced Courses (06 Papers) 06 MonthsCompulsory Courses (02 Papers)


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1. Financial Econometrics 3 Credits2. Security Analysis and Portfolio Management 3 Credits

Optional Courses (04 Papers)

1. Financial Markets, Institutions and Governance 3 Credits2. Corporate Tax Planning 3 Credits3. Advanced Corporate Finance 3 Credits

4. Micro Finance 3 Credits5. Corporate Restructuring and Valuation 3 Credits6. International Finance 3 Credits

Module 3 Integrated Courses (06 Papers) 06 MonthsCompulsory Courses (02 Papers)

1. Data Collection and Dissemination: Methods &Techniques

3 Credits

2. Computer Application in Qualitative andQuantitative Research

3 Credits

Optional Courses (04 Papers)

1. Behavioural Finance 3 Credits2. Venture Capital & Entrepreneurial Finance 3 Credits3. Fixed Income Securities 3 Credits

4. Financial Engineering 3 Credits5. Agri Finance 3 Credits6. Project Analysis, Evaluation & Financing 3 Credits

There will be examination at the end of each semester to examine the knowledgeacquired by the students during the particular semester.

Comprehensive Qualifying Test

On completion of the one and half years of course work, the FPM students arerequired to take the Comprehensive Qualifying Test (CQT) covering the coursestaught during all the three semesters. Students will be eligible to appear in the CQT

only after having a minimum of 75% attendance during the course work. Thestudents who do not fulfill the minimum attendancenorm of 75% during the coursework will be treated as failed in the course work do not fulfill the minimumattendance norm of 75% during the course work will be treated as failed in thecourse work. The CQT intents to test whether the student has obtained a satisfactorylevel of knowledge in his / her field of specialization and whether he/she hassatisfactorily integrated the various courses taken by him/her in the area. Thestudent is required to obtain corresponding to a minimum of 50% marks forcontinuance of the program.

The evaluation of the Course Work will be done using Grading System in 10-point

scale, with a corresponding letter grade, as given below:LetterGrade

GradePoint

Descr-iption

A+ 10 ExceptionalA 9 ExcellentA- 8 ProficientB+ 7 Very GoodB 6 GoodB- 5 Fair

LetterGrade

GradePoint

Descr-iption

C+ 4 SatisfactoryC 3 Low PassC- 2 PoorD 1 Very PoorF 0 FailI - Incomplete


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In each course, the student will be awarded a letter grade only, which should becommunicated to the FPM Office. Courses completed with an F or I Grade will notcount for course work requirements.

Comprehensive qualifying test (CQT) will judge a students knowledge of both theirprimary and secondary knowledge domains of specialization. The CQT will include awritten examination and a viva voce. The weightage for these two components ofCQT will be as follows:

Written Examination : 70 %

Viva Voce : 30 %

Formulation, Presentation, and Submission of the Thesis Proposal

After qualifying the CQT, the student enters the thesis preparation stage. Thestudent first identifies thesis supervisor, thesis topic, develops a thesis proposal on it,submits it, and presents the same before the Doctoral Committee (DC). The thesisproposal submission should not exceed 24 months from the date of admission. TheDC is a three member committee with two subject experts who may be from outsidethe NIFM also. In case the DC requires the thesis proposal to be revised ormodified, the same should be done within two weeks of the proposal presentation.

The role of the DC will include:

Giving guidance about the nature of research work and standards expected,about the planning of the research program, about literature and sources, and

even about the problem of plagiarism. Maintaining contact with research work through regular tutorial and seminar

meetings as per arrangements made with the student. Giving detailed advice on the necessary completion schedule of successive stages

of the work so that the whole work may be submitted within the scheduled time. Ensuring that the student is made aware of inadequacy of progress, or of

standards of work below that expected.

Monitoring student work and academic progress will normally be exercised throughsuch activities as regular meetings with students, written feedback on progress ingeneral and on drafts of thesis chapters, and regular reports monitored by the DC.

Changing the DC Membership

The need for changing the DC could arise when any of the existing members leavesNIFM. This could happen on the following two situations: (a) before the proposaldefense is complete, or (b) after it. Within each of these two situations, the membermay fall into one of the two categories: (i) Chief Thesis Supervisor may leave, or (ii)


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any other member may leave. The above situations will be resolved according to thefollowing procedure:

Change of Chief Supervisor Change of Other supervisors

Before

ProposalDefense

Will be changed with anothercommittee member from the same

area, or will be another facultymember from the same area.

Will be changed with another facultymember from any other area on

grounds of relevant knowledge and/ or experience.

AfterProposalDefense

Will be changed with anothermember from the same area, if theresearch is in its initial stage and/or it is not possible for theoutgoing supervisor to give timefor supervision.-Will continue if the research is infinal stage and / or it is possible forthe outgoing faculty (supervisor tocontinue giving time for

supervision.

Will be changed if the research is inits initial stage and / or if the exit ofoutgoing faculty (supervisor) will notcause serious damage to the researchprogress (as judged by othermembers and student).-will continue if the research is infinal stage and / or if the exit ofoutgoing faulty will cause seriousdamage to the research progress (as

judged by other members andstudent), and the outgoing faculty iswilling to continue giving time forsupervision.

Preparation and Submission of the Thesis, Evaluation, and Defense

On approval of the thesis topic, the student works closely with the DC on his/herdissertation work. On completion of research work, the student has to request to theresearch Cell for a pre-submission seminar about three months before submitting thethesis for examination. On recommendation of the Research Cell, the Director ofthe NIFM will appoint Thesis Examination Committee (TEC). The TEC will

consist of four members- two internal and two external. At least one of the externalmembers should be from the DC. However, in case of abnormal circumstances, theabove clause can be relaxed.

The student presents pre-submission seminar (defense) on his / her research workbefore the TEC and NIFM faculty members and gets the feedback, if any, toimprove the quality of the thesis. The main purpose of the pre-submission seminar isto perform an internal peer vetting before the dissertation is finalized and sent forevaluation to the external examiners. Based on pre-submission seminar, it is alsoassumed that the TEC has already put the student through a rigorous vetting processby questioning or examining students research work. In case the pre-submission

defense is found weak, the student may be asked by the TEC for revision of thework before submitting the thesis, in consultation with theDC.

Once the TEC vets the pre-submission seminar given by the student, he / she cansubmit his/ her thesis for examination. The thesis is expected to demonstrate adistinct contribution to the knowledge of the subject and should provide theevidence of discovery of new facts; the general ability to conceptualize, design and


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implement a project for the generation of new knowledge, application and / orunderstanding in the management discipline; and a sound understanding ofapplicable tools and techniques used in research in management discipline. Afterevaluation of the thesis, the student will make an open defense of the thesis.

Areas of Specialization

The Program is offered in the following areas of specialization:

Finance, Accounting, and Related areas.Title

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 FinancialManagement 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 ofcompletion of dissertation before four years, Directors special permission will berequired for pre-submission seminar. In case a student is unable to complete his/herdissertation by four years, he/ she can be granted extension of maximum one year bythe Director on recommendation of the Doctoral Committee (DC). If a studentfails to complete the requirements of the fellow program within the specified periodof five years, he/she has to withdraw from the program.

The Fellow Program will be compulsorily residential for the first two years and theremaining two years will be optional for the students whether to reside or not in theNIFM Campus. No fees in terms of admission and tuition will be charged to thestudents of the fellow program of the Institute. The students will be provided with afellowship for the residential period only @ Rs. 15,000/- per month for the initialtwo years and @ Rs. 17,500/- per month for the subsequent two years. The studentswill also be provided with Rs. 10,000/- per year as contingency grant during the fouryears of the program. Besides, the students will also be granted travel grant of Rs.20,000/- and Rs. 50,000/ for attendingconferences held in India and abroad respectively

subject to a maximum of two times, whether the conference is held in India or abroad. Thestudent will get free of cost printing and stationary from the Institute. Books and softwaresdesired by the students to pursue his / her research work will be provided through thecentral library on recommendation of the supervisor. No fellowship and contingencies willbe extended to the students after completion of program duration, i.e. four years. Ifextension exceeds six months period, a nominal fee will be charged to the student foravailing of the campus life.


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Admission Eligibility

NIFM, for its Fellow program, will look for candidates with consistently good academicrecord, professional accomplishments, and a strong urge to contribute to the creation anddissemination of knowledge in the field of financial management. The eligibility of thecandidate for the fellow program will be a Masters Degree (or equivalent, recognized by

AIU) in any discipline, with a minimum of 55% marks in aggregate. The professionals withCA, ICWA and CS qualifications with a minimum of 55% marks will also be eligible for theprogram. For SC/ST/OBC candidates, the eligibility conditions will be relaxed as per theGovernment of India Rules.

Selection Process

A candidate who wishes to be considered for the FPM program of the NIFM must submit aduly filled in prescribed application form which will be available from the FPM Cell of theInstitute or the web site of the Institute (http//www. nifm.ac.in).The Admission Committeewill 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:

Entrance Test - 50Interview - 25NET/JRF - 10Publication - 10Experience - 05

Total 100


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NATIONAL INSTITUTE OF FINANCIAL MANAGEMENTFARIDABAD

Sector 48, Pali Road, Faridabad (Haryana) 121001

APPLICATION FORMFellow Programme in Management

(Read the prospectus carefully before filling in the Form)

1. Programme applied for .2. Name in full (Block Letters)3. a) (i) Fathers/HusbandsName

(ii) Occupation

b) (i) Mothers Name(ii) Occupation

a) (i) ..(ii)

b) (i) .(ii)

4. Guardians Name & Address Pin

Phone No (with STD code) /Mobile No .:

5. Correspondence Address Pin

Phone No (with STD code)/Mobile No.:

6. Permanent Address Pin:

Phone No (with STD code)/Mobile No.:Email :

7. Date & place of birth Date Month Year Place

8. Nationality statusNationality State of Domicile

9. Category (Please tick )Gen SC ST OBC

10. Are you employed? (Please tick )(If yes, Employers certificate with seal to be attached)Yes No

11. Gender (Please tick ) Male Female

12. Marital Status (Please tick ) Married Unmarried13. Name with address of theInstitute last attended

14. Educational Qualifications starting from tenth standard or equivalent onwards

Paste one rece

passport size

photograph


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15. Examination Passed Board / University/Institute

Year ofpassing/appearin

Class/Division

Subject taken(including Honours /Major, if any)

% ofaggregatemarks/

Rank obtained (if any)

Graduation

Post GraduationOther (s), if any

16. Teaching / Research experience:

(Mention level of teaching UG/PG/College/Institute/Courses taught/Area of research)

17. Seminar / workshop / conference attended after post graduation:

(Use separate sheet if necessary)

18. List of publications (if any):

(Enclose separate sheet if necessary)

19. Declaration to be signed by the candidate

I declare that I shall abide by the Rules and FPM Guidelines of the University that will be in force from time to time. I will

submit myself to the disciplinary jurisdiction of the Director and the authorities of the Institute who may be vested with suchpower under the Rules and FPM Guidelines that have been framed thereunder by the Institute.

I also declare that the information given above is true and complete to the best of my knowledge and belief, and ifany of it is found to be incorrect, my admission shall be liable to be cancelled and I shall be liable to such disciplinary action asmay be decided by the Institute.

Place:

Date: Full signature of thecandidate

For Office Use Only

1. Verified by: Name ______________________________________ Designation ________________________Signature ___________________________________________ Date: __________________________________2. Recommended / Not Recommended:Signature ______________________________________

Name ______________________________________Chairman, Selection Committee__________________________________Date: _________________

fpm brochure

Documents