Executive Fellow in Management (EFM)

A 3-year doctoral-equivalent fellowship for senior practitioners ready to engage with the rigour of academic scholarship, without abandoning the world of practice. This is India's most ambitious academic credential for senior corporate executives.

EFM Programme

About EFM

The EFM is a doctoral-equivalent fellowship for senior practitioners ready to engage with the rigour of academic scholarship, without abandoning the world of practice. This is India's most ambitious academic credential for senior corporate executives.

ECP provides an academic foundation while EFM is your pathway to 'academic leadership' through practice tracks and applied research. Earn your doctoral-equivalent fellowship in approximately 3 years versus 5 years for a full-time PhD.

Consider the EFM if you are:

  • Ready to explore a comprehensive research fellowship equivalent to an Executive PhD
  • Have a minimum of 15 years of work experience
  • Bachelor's degree required, MBA preferred
  • Passionate about personal branding by mentoring next-gen leaders
EFM Structure: 3 Years

A structured journey from academic foundations to doctoral-level research:

Component Focus
Foundational finance Finance
Accounting Accounting
Statistics Statistics
Economics Economics
Harvard, Stanford, and MIT online courses Baseline
Component Focus
Philosophy of science and the scientific method Philosophy
Theories of the firm Theory
Curriculum design and course delivery Pedagogy
Case writing and teaching Pedagogy
Academic and business writing Communication
Component Focus
Business value creation and delivery Strategy
AI and digital transformation Digital
Corporate governance Governance
Digital technology strategies Digital
Digital disruption and ecosystem management Strategy
Organisational behaviour and change management Organisations
Negotiations and game-theoretic frameworks Decision
Component Focus
Geopolitics and business Geopolitics
Patent and brand licensing IP
Role of business in diplomacy Policy
Public management and public-private partnerships Policy
Delhi Business & Policy Dialogue series Dialogue
Component Focus
Basic qualitative analysis Qualitative
Regression analysis and experimental design Quantitative
Multivariate analysis Quantitative
Qualitative research leveraging AI and LLMs AI Methods
Digital twins and options thinking Modelling
Component Focus
Research Lab 1: Research question, theory, and methods Research design
Research Lab 2: Data analysis and discussion Analysis
Dissertation Seminar 1: Topic presentation Dissertation
Dissertation Seminar 2: Proposal defence Dissertation
Dissertation Seminar 3: Dissertation defence Dissertation

Key Outcomes after 3 Years

Upon completion of the EFM, you will have:

  • Earned your doctoral equivalent degree certified by BVB, IIFR, and EFMD
  • Leveraged your industry experience and tacit knowledge, blending it with the ability to develop decision-making frameworks
  • Capable of analyzing and presenting findings based on sound scientific evidence
  • Capable of designing and conducting research that can be applied directly to practice
  • Enhanced competence, credibility, and credentials to teach at a business school

EFM vs. PhD — At a Glance

EFM PhD
Format 3–4 years, modular 5–6 years, full-time
Profile Working professionals (10+ yrs experience) Fresh graduates
Work experience Required (10+ years; avg. 20+) Not required
Funding Self-funded or employer-sponsored Stipend support available
Curriculum Multi-disciplinary, research methods + management Specialised academic area
Research focus Applied, real-world complexity Top-tier academic literature gaps
Post-graduation Senior roles + teaching; executive education Full-time faculty / academic research

The EFM is designed as a pracademic credential — not intended to prepare graduates for tenure-track positions, but ideal for adjunct faculty, Professor of Practice appointments, executive-in-residence roles, and corporate boards.

Faculty

This program is led by Dr. Rajendra Srivastava (Vice Chairman, IIFR; Former Dean, ISB) and supported by a global faculty network.

EFM Details

Format: 3 years (Hybrid / Weekend)

Research Camp: 9-day residential research camp

Total Contact Days: 36 days + 9-day research camp

Cohort Size: 25 participants

Fee: ₹25 lakh + applicable GST (paid in 3 annual instalments)

Programme Starts: October 2026

Certification: IIFR + EFMD

Experience: Min. 10 years (avg. 20+)

Education: Bachelor's required; MBA preferred

Contact:
info@iifr.global
BVB EFMD

Ready to earn India's most ambitious academic credential?

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Start Your Journey with the ECP

The 8-day Educators' Certificate Programme is the gateway to the Pracademic identity. Build your teaching foundations before pursuing the EFM fellowship.

Explore ECP Register Now