Faculty of Management Studies, Delhi, commonly known as FMS or FMS Delhi, was the first business school in India which started offering Full Time MBA programme and is the business school of the University of Delhi. Established in 1954, the school offers management training to professional managers in part-time and full-time MBA programmes. It has been consistently ranked among top business schools in Indian b-school surveys. The first set of professors was trained at the Stanford Graduate School of Business and the institute was started at the Delhi School of Economics under the leadership of Prof. A. Dasgupta. It is one of the oldest business schools in India and has a very strong alumni network. FMS comes under the aegis of the University of Delhi. The past decades have witnessed a significant growth in the nature and number of programmes offered at the FMS. FMS was ranked the 4th Best b-school in India by the Business Today magazine survey 2010, just behind IIM Ahmedabad, IIM Bangalore and IIM Calcutta. It was ranked the 5th Best b-school of the nation by the Outlook magazine survey 2010. According to public perception, FMS Delhi ranks 4th, as substantiated by the popular MBA preparation forum Pagalguy in its 2010 rankings.