FPM candidates are eligible for a monthly stipend to cover their living expenses, books and materials, and other contingency expenses in addition to being provided with a hostel accommodation based on satisfactory academic performance. The monthly stipend would be INR 35000 at the start of the program. Upon completion of 50% of the required coursework, the stipend would be enhanced to INR 42500. Further, upon successful defense of their Thesis Research Proposal, the monthly stipend will be enhanced to INR 50000. The stipend will remain at this level till the time of candidate’s thesis defense (or four years from the start of the program or until the candidate joins external employment, whichever is earlier). The monthly stipend is conditional on satisfactory fulfillment of research and teaching assistantship requirements of the functional area the candidate belongs to. Therefore, only candidates who are not currently employed by any organization are eligible to receive the monthly stipend. Candidates who wish to continue with their current employment are not eligible for the monthly stipend. Additionally, each candidate is required to pay the mess charges as per IMT Hyderabad rules.