Faculty of Management Studies – University of Delhi (FMS Delhi or The Red Building of Dreams ) is a leading business school located in New Delhi, India. It was established in 1954 under the umbrella of the University of Delhi and is often cited as one of the best business schools in India. The institute was started at the Delhi School of Economics premises under Dean A. Dasgupta of the Delhi College of Engineering (DCE). The department of commerce of the Delhi College of Engineering (DCE) (now Delhi Technological University (DTU)), was abolished and the Faculty of Management Studies was established. The first set of professors were trained at the Stanford Graduate School of Business. The institute has since then expanded on the number of management courses available.

Academics

FMS offers a full-time MBA, an executive MBA, an executive MBA in health care administration and doctoral programmes.

Admissions

The admission to the course is done on the basis of score in Common Admission Test (CAT) conducted by the Indian Institutes of Management (IIMs). FMS earlier had its own entrance exam which was discontinued starting session 2012–14. For the Doctoral program, the maximum number of Seats is 20. The candidates are required to appear in the entrance test conducted every year in November–December. However, candidates falling under some categories are exempted from appearing in this entrance test.

Academic chairs

In 2005, Ministry for Human Resource Development, Govt. Of India has proposed a new chair in the name of the former Indian Prime Minister Rajiv Gandhi, now known as Rajiv Gandhi Chair for Technology Management and Innovation (MHRD, GOI) to promote management of innovation. The Industrial Finance Corporation of India Chair is also one of the professional chairs instituted by industry at FMS.

Rankings

FMS Delhi is ranked second in the 2024 IIRF MBA rankings. It is ranked 6th in Career Launcher's rankings and 8th in India Today's rankings.

Notable alumni