Management education is normally associated with a lot of expenses in the form of huge tuition fee, student exchange program fees and others. FMS, Delhi is an exception. Read on to know how.
The IIMs are undoubtedly the best management institutes of the country, a distinction which attracts lakhs of applications every year. But pursuing a MBA degree from these premiere business schools costs a premium. In the past five years alone, the cost of the sough-after flagship PGDM course from IIMs has more than trebled. In 2009, the complete fee for a two-year PGDM course was INR 5 lakh, which has now reached an overwhelming figure of INR 16.5 lakh for IIM Bangalore, Ahmadabad and Kolkata. The order is being followed by other top management schools such as IIFT and XIM-Bhubaneswar, which have increased fee by 15-16%. The only exception here is Faculty of Management Studies, a top-rung management institute located in Delhi, the national capital of India. Affiliated to the famed University of Delhi, the college, despite having world class education standards and all requisite facilities, has one of the lowest and most affordable fee structures. At INR 10,480 per year, the annual fee of MBA is incredibly low and makes the college stand out from the crowd immediately.
Established in 1954, the college has the distinction of being the first in India to offer full-time MBA degree. Its first set of faculty was trained at Stanford Graduate School of Business, which speaks volumes about the college’s academic excellence. The college started operating from the Delhi School of Economics campus until moving to its new campus in 1969. The first course to start in the college was a part-time post graduate diploma course for working executives.
The college has multiple courses for the benefit of aspirants:
- MBA Full Time
- MBA-Executive Healthcare Administration
- Management Development
- Doctoral Programs
MBA is the flagship course of Faculty of Management Studies, spread across two years. First year comprises core subjects while in second year the student have option to specialize in their preferred discipline choosing from different disciplines like Finance, Marketing or Systems. MBA-Executive is also a two year duration program, designed to enhance the conceptual knowledge and inculcate behavioural skills in working executives. MBA in executive healthcare administration requires special mention has this course aims to create managers with a specific set of skills relative to healthcare organizations and industry. This course is mostly preferred by medical professionals and students who want to make their career in health service administration.
What does it take to be at FMS?
Being a top rung management college and with a fee that can be easily termed as peanuts as compared to other premium business schools, a seat at FMS is a highly in-demand commodity. The competition to become one of the few exclusives studying at FMS is even greater than that of IIM, owing to the lesser number of available seats. The college has deviated from its practice of holding its own entrance exam, and now takes students on the basis of their CAT percentiles. For their executive programs, the minimum eligibility guidelines as set out by the college include at least three year graduation with 45 % passing marks and five years of work experience.
What you stand to gain?
An industry-recognized curriculum, an illustrious history, an unbeatable brand name and an innovative pedagogy ensures that anyone passing out of FMS is counted amongst the best management minds. Guaranteed of a flying career start, the students sit amongst the top echelons of the corporate world. Putting some statistics to perspective, the average domestic salary is in the range of INR 16 lakhs. The major recruiters are global leaders like Deloitte, Ernst & Young, and Price water house coopers, Citibank, SBI Capital and TATA Administrative Services.
Saurabh Tyagi is a prolific writer and a frequent blogger who loves to write on topic related to career, finest MBA colleges in pune, education and technology. He is a regular contributor to education sites like Shiksha.com.