Average salary up by 12.5% at FMS
Since 1954, when it took off as a part-time programme for executives, FMS has been constantly upgrading its repertoire to prepare students for achanging world
The future of management studies lies in constant reinvention to address the needs and the challenges of the contemporary business world.
It is this belief that makes Delhi University’s Faculty of Management Studies (FMS) a much sought- after management education destination. For an institute that made a modest beginning with a three- year, part- time, post- graduate programme in business administration for senior- and middle- level executives back in 1954, FMS has indeed come a long way.
The institute was started at Delhi School of Economics under the leadership of Professor A. Dasgupta and the members of the inaugural faculty were trained at the Stanford University business school. And over the years it has only grown in stature. ” The institution maintains its numero uno status by admitting the brightest and the best,” assures Kuriakose Mamkoottam, dean, FMS.
We encourage our students to pick up multi- functional specialties instead of focusing on any particular area,” Mamkoottam says. According to him, management education will become multi- disciplinary in the next five or ten years.
Right now, 80 to 90 per cent of management professionals have a background in engineering; very soon, graduates with a background in arts and social sciences will also compete to become management professionals,” Mamkoottam says, adding that he foresees the percentage of women in management course to rise above the present level of 20.
FMS’s repertoire of teaching techniques is quite impressive. Lectures, case analyses, simulation games and exercises, group discussions and project work are commonly used to develop conceptual, analytical and decision- making skills in students so that they can face the challenges of complex business and organisational environments.
The students are also assessed by a continuous system of tests and quizzes as well as mid- term and semester- end examinations to ensure high academic standards and a practical orientation.
After a relative lull in 2009 because of the shadow of global economic meltdown, companies descended on FMS this year to pick up some of the best talent available across the country.
Finance bagged 36 per cent of the offers followed by marketing, 29 per cent. The average salary for the MBA Class of 2010 was 13.1 lakh, an increase of 12.5 per cent over the previous year.
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