The Indian Institute of Management Kozhikode (IIM-K) today announced a hike in monthly emoluments for its PhD scholars. The scholars enrolled in IIM-K’s Doctoral Programme in Management (DPM), which leads to the award of Doctor of Philosophy (PhD), will experience a 20-25 per cent increase in their stipends. DPM is a full-time, residential, and fully financed doctoral programme of the institute. The IIM-K’s fellowship underwent its last revision during the Financial Year (FY) 2018-19. “Our DPM graduates are a crucial source of talent for management researchers and faculty in leading national and international academic institutions, as well as industry, business, government, and society. This initiative will further motivate talented scholars to dedicate themselves to learning and inspire them to pursue research as a viable and rewarding career option,” said Director of IIM Kozhikode, Prof Debashis Chatterjee. Two-thirds of the institute’s DPM graduates have been placed as faculty members in prestigious national institutes (like IIMs and IITs) and prestigious universities in Europe, North America, and the Middle East, claims IIM-K. Other DPM graduates have received job offers from reputed corporate organisations.