Applicants for the FPM should have a Master' s degree or its equivalent in any discipline, or CA, ICWA, or CS with at least 55% marks (50% for SC/ST candidates) or a BE/B.Tech degree or its equivalent with at least 60% marks (50% for SC/ST candidates). Those completing their final examination may also apply. The calendar for the admission of the FPM candidates is same as that for the students of the PGPs. The admission requires two sequential online processes. Interested candidates are required to (1) apply online to take the XLRI Admissions Test (XAT), and (2) apply online to XLRI for the FPM.

Selection based on XAT or GMAT.