FMS has been a pioneer in the field of management education in India and takes pride in being a centre of excellence for management learning. Founded in 1954, FMS was the first institute in the country to offer management training for professional managers in the form of a part-time MBA program. The full time program of FMS started in 1967 was in response to enthusiastic welcome given to FMS trained managers by the industry. Today FMS is rated among the top management institutes in the country. The faculty is known in the corporate world as a strong and reliable partner in management development and change.