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Within your budget

Rank 8 FMS offers what is probably the cheapest management degree among the top 50 B-schools in India report Joyeeta Ghosh

education Updated: Sep 01, 2010 09:42 IST
Joyeeta Ghosh

Nirmiti Narayan had brushed up her knowledge of economics and business studies for the group discussion that was to determine her chances of getting selected in the Faculty of Management Studies (FMS). But to her surprise she found herself discussing topics as disparate as “all is fair in love and war” and “capital account convertibility in India”.

“It was a pleasant surprise and I had fun speaking on those topics. The diverse topics suggested that the institute is not only focused on making good managers and administrators but also well-rounded personalities,” said Narayan, a second-year student at FMS.

Innovative teaching methods, one of the highest returns on investment (ROI) and continuous curriculum revision characterise the Faculty of Management Studies, which has, over the past five decades, become one of the most sought after B-schools in the country.

Started as part of Delhi School of Economics under the University of Delhi in 1954, it became a standalone institute later.

“Being associated with a prestigious university like DU, the institute has a historical legacy which is why it stands out among others,” said K. Mamkoottam, head and dean, FMS.

That is one of the reasons that first-year student Satyajit Bagchi chose FMS over notable B-schools such as IIM-A, IIM-Khozikode, IIM-Ranchi, and the Indian Institute of Foreign Trade, Delhi. “I had offers from all these institutes, but FMS has a legacy that these institutes do not. We have access to all the libraries of the university and are part of all the cultural activities within the campus,” said Bagchi, a first-year MBA student.

With a fee as low as Rs 10,450 per year, is probably the cheapest among India’s Top 50 B-schools. “Thanks to the reasonable fees, there is no burden of repaying education loans to banks,” said Anisha Chaudhuri, a first-year student. This, no doubt, is a big factor behind the institute’s popularity. Last year, it received about 60,000 applications for 166 seats.

Students here are also responsible citizens who can reach out to the needy. “We organise a unique event called Silent Auction every year where the students auction their skills to raise money for charity,” said Shanker Rao, a second-year student. This year, students raised R1.10 lakh by auctioning things like a late night bike ride to India Gate.

“My experience at FMS has been centred around entrepreneurship, leadership and discovery. This has helped me do the unconventional, and have fun too,” said Sailesh Sood, director of the US-based Discover Financial, an alumnus.

Factfile
Main courses offered: MBA (Full Time)
Course fee: R10,450 per year
Current batch size: 166
Male-female ratio: 114 (m): 52 (f)
Faculty-student ratio: 1:5.5
Placement season: 2010 - still to begin; 2009 - 5 days; 2008 - 15 days
Number of offers (2010): 128 offers for 103 students (average: 1.24 jobs per student)
Average salary (2010): R14 lakh p.a
Famous alumni: Shumeet Banerji, CEO, Booz & Co., Ragahv Bahl, MD, TV-18, Indian Media, Ajay Mahajan, MD, UBS India, Neelam Dhawan, MD, Hewlett Packard (India)
Top recruiters: HUL, P&G, Citibank, Standard Charted Bank, Hewitt Associates, TAS, Accenture Business Consulting, Nomura
Fun factor: Fiesta, its annual festival