A few months ago when Pune resident Tapan Waval bagged an admission offer for the MBA programme at IIM Indore, he was proud of himself. He got another reason to cheer when he learnt that he had made it to Delhi’s Faculty of Management Studies (FMS) as well. “I was thrilled when I got a call from IIM Indore but the fact that FMS has a smaller batch size and a fee of just Rs. 10,000 per year made me go for this Delhi b-school. The institute is fantastic but what makes it among the top notch b-schools in the country are the students. My batchmates and seniors are very supportive and I get to learn a lot from them. We all work as a team and the entire experience of studying here is so enriching,” says Waval, a first-year student.
FMS is not just about learning management practices, say students. “A series of exciting events ensure that the students develop socially and culturally as well. From management festivals, sports events to conclaves and conventions, students get opportunities to grow and learn. The institute also invites top-level leaders from various fields to deliberate on issues pertaining to the corporate world and society in general,” says Raj S Dhankar, dean.
Students participate in foreign exchange programmes as well. This year, around 12 students from institutions such as HWZ Switzerland, and University of Cologne, Germany, took part in the programmes. Around 40 industry experts have shared their experiences with FMS students this year.
As a founding member of the Association of Management Development Institutions of South Asia, FMS has a rich history of collaborations with institutions around the world including ESADE, Spain; INSEAD, France; Manchester Business School, UK; Rotterdam School of Management, The Netherlands; Bielefeld University, Germany; and University of California, US.
USP: “As the first institute that offered a formal MBA degree since its inception, the institute has developed a strong alumni base and thus benefits from strong corporate exposure. Being centrally located in the Capital, students can visit various companies and work on live projects which leads to deeper integration of the classroom knowledge and practical experience,” says Dhankar.
Programmes: MBA full-time, executive MBA, executive MBA healthcare administration, PhD/fellow programme. All programmes are recognised by the All India Council for Technical Education. So far, 57 batches of the full-time MBA programme have graduated.
Faculty: There are 33 full-time faculty members, out of which 31 are PhDs
IT quotient: FMS has state-of-the-art computer centres with over 200 computer systems in its north campus facility. Along with this, computers are available in the library, classrooms and lecture theatres. Computers and laptops have been provided at the Management Science Association Centre. The entire campus has a switch-based Local Area Network operating under Windows-NT. Students can work on various platforms such as DOS, Linux, Windows-95, Windows-98 and Windows-NT. Video conferencing infrastructure, too, has been put in place.
Infrastructure: Hostel accommodation is available to the students of MBA (full-time) programme at the postgraduate hostels of the University of Delhi. FMS has its main library at north campus of the university. It has air-conditioned reading rooms housing over 50,000 books and over a 100 journals (including 60 foreign journals). A branch library with a sprawling reading room functions is located at SP Jain Advanced Management Research Centre, south campus. Along with this, students have access to the Ratan Tata Library which has a collection of over two lakh books and 1000 journals on management and economics.
Clubs and societies: Conclub (consulting society), Finsoc (finance society), Marksoc (marketing society), Vihaan (social cell), E-cell (entrepreneurial society), HR Soc (HR society) and Syssoc (systems society) are some clubs at FMS. The institute hosts various inter-college competitions, too, in which management students from all the country participate. These include ITC Interrobang case study, P&G Dream Team case study and L’Oreal Brainstorm.
Faculty of Management Studies was established in 1954 under University of Delhi
“There’s room for improvement as far as the infrastructure is concerned. It seems it will be taken care of because a new campus is being planned,” says Yagya Pipariya, a first-year student