FACULTY OF MANAGEMENT STUDIES

The Faculty of Management Studies (FMS Delhi), also called The Red Building of Dreams, is a business school located in Delhi, India, established in 1954 under the University of Delhi. It began at the Delhi School of Economics premises under Dean A. Dasgupta of the Delhi College of Engineering (DCE), after the DCE's commerce department was abolished to form FMS. Its first professors trained at the Stanford Graduate School of Business. FMS offers a full-time MBA, an executive MBA, an executive MBA in health care administration, and doctoral programmes. Admission to the MBA is based on the Common Admission Test (CAT) conducted by the IIMs, though FMS previously had its own entrance exam until 2012. The doctoral program has a maximum of 20 seats, with candidates required to pass an entrance test held annually in November–December. FMS hosts academic chairs such as the Rajiv Gandhi Chair for Technology Management and Innovation and the Industrial Finance Corporation of India Chair. It is ranked 2nd in the 2024 IIRF MBA rankings, 6th by Career Launcher, and 8th by India Today. Notable alumni include Dharam Gokhool, Dinesh Kumar Khara, and Raghav Bahl.