The Faculty of Management Studies
FMS Ranchi, a constituent unit of the ICFAI University, Jharkhand (IUJ).
FMS is committed to provide quality education and training in the field of management.
It helps the students develop business and personal competence through their exposure to
real business problems, case-based analysis and industrial interaction.
FMS of IUJ offers PhD program in management (Part Time), Master of Business Administration (MBA), a two year campus based program for graduate students and Bachelor of Business Administration (BBA), a three year degree program for the students of Class 10+2 on merit basis.
FMS faculty members play a significant role in ensuring quality education through student-centric interactive teaching. The faculty members bring their extensive knowledge,professional experience and advanced education to their task. Faculty members emphasize both theory and practice in the classrooms.
- Case Study Focus
- FMS Approach
- FMS Advantage
- FMS Alumni
The case study method is a key component of the academic program at FMS that hasmade case studies a critical component of its curriculum. Almost all the courses in the FMS program are designed keeping in mind the advantages of the case method. Most of the courses are taught entirely throughcase studies - the case studies being tailor-made to the requirements of different subject areas and topics. Student evaluation is based on class participation and written reports. Students are encouraged to analyze the issues in-depth by gathering supporting information - either through published sources or by directly interacting with the companies involved. By learning through the globally accepted and popular case method of learning, students are able to hone their comprehension, analytical and decision-making skills. In addition, case studies help them become better team players and managers.
FMS has a unique and innovative approach to business education, that focuses on providing the right knowledge, imparting the right
skills for enduring success in management careers, and shaping the right attitudes.
What matters most in business is what one can actually do. Doing well implies mastering and applying the skills - professional, personal and human - required for effective decision-making and execution. FMS trains the students in these skills through a series of soft-skills lab sessions scheduled over the duration of the program. In addition, case-based learning at FMS helps students develop good analytical skills.
The right knowledge is clearly an important success factor in business. The right knowledge implies relevant, contemporary and cutting-edge knowledge, in the theory and practice of a variety of core, functional and integrative subjects. As practice precedes theory in business, equal emphasis is placed on concepts and applications. This blending of ideas and actions is achieved through various pedagogic techniques like lectures, case studies, business games, the summer internship program, the management research project, etc.
A critical attribute for success in life is cultivating the right attitudes like positive thinking, risk-taking, opportunity seeking, adapting to change, and achieving a proper balance between divergent goals of life. FMS helps students develop the right attitudes, and encourages them to grow into balanced and well-rounded individuals capable of taking up leadership positions.
Students at FMS have the advantage of developing a cross-functional knowledge base, with the perfect synthesis of Indian and International perspectives.
The contemporary courseware along with the emphasis on case-based interactive learning, and the strong industry interface, prepare them to become the
business leaders of the future.
Students receive regular classroom instruction, which help them to learn and internalize their understanding of subjects.
Students are exposed to the latest body of knowledge through the contemporary, market-oriented curriculum.
Interaction with Business Leaders
Students will have the opportunity to interact with leading management thinkers, corporate leaders and entrepreneurs, and other high profile personalities from government organizations and NGOs, at various forums organized by FMS.
At FMS, performance is assessed through a continuous evaluation process, and the appropriate feedback is provided, throughout the period of study. Students are evaluated on the basis of class participation, home assignments, case analyses, seminars, projects, tests, etc.
General Management Focus
FMS adopts a general management approach which ensures that the students will complete the programs with a solid foundation in the different functional areas of business management.
A synthesis of Indian and International Perspectives
Using a variety of teaching materials and case studies, FMS offer students a synthesis of Indian and International perspectives that best reflect the realities of today’s multinational, multicultural business milieu.
Emphasis on Case-based Learning
Case-based learning is an important component of business education at FMS. Most of the courses are taught through real-life cases, designed to help bridge the gap between management theory and practice.
Business Modeling and Simulation
FMS includes business modeling and simulation games in its curricula for the programs, to give students an introduction to business decision making.
Strong Industry Interface
FMS has a strong, active and growing interface with business and industry, with experts from a range of leading companies delivering regular guest lectures, and serving as members of various advisory boards
The programs offer students an opportunity for continuous learning, so that their knowledge and skills remain current and relevant.
The Learning Approach
The programs use an optimal blend of classroom instruction, self-study, assignments, case discussions and analyses, leadership and soft skills labs, IT training, project work, seminars, quizzes, and tests.
Alumni are the best brand ambassadors for any educational institution. On that count, FMS is fortunate to have some of the most effective brand ambassadors. FMS has a growing alumni base of pursuing fast track careers with blue-chip companies in India and abroad. Their success in the corporate arena is an eloquent testimony to their skills, abilities and hard work, as well as to the quality and rigor of business education at FMS. In addition to building the reputation of FMS with their success, the alumni remain in touch with each other and with their alma matter through the FMS Alumni Federation (FMSAF). This extensive and fast-growing alumni network is one of the strengths of FMS. The FMS Alumni Federation (FMSAF) is a non-profit society, established to provide an active institutional framework for professional development, interaction and networking for the alumni of FMS. With many FMS alumni pursuing careers in the corporate world in various locations in Asia-Pacific, Australia, USA, Europe and Middle East, FMSAF has international chapters at Singapore, London and Dubai in addition to 16 chapters in India. FMSAF facilitates networking among alumni by organizing alumni reunions, class-meets and other related activities. It also assists alumni in lateral career movement and career development. FMSAF also creates opportunities for alumni to interact with current FMS students. Alumni actively participate in the developmental activities of FMS and are also inducted into the governance structures at various levels. FMSAF also assists the alumni in their personal and professional growth. FMSAF World is a monthly magazine published for the benefit of members.
FMS provides the latest hardware and software infrastructure to cater to all the computing needs of the students and the training requirements of the information technology courses. Wired and wireless internet facility for all students and faculty.
FMS library is equipped with comprehensive collection of over 50,000 books ,CDs, videos,and over 100 Indian and international print/online journals/magazines and research reports, relating to management and allied subjects. FMS subscribes to several academic online databases like, ProQuest; Cabells Directory; industry databases like the World Development Indicators; CMIE Prowess databases and business and research oriented online databases like Reuters Business Insights and Marketline.
In addition to the faculty and industry guided 14 weeks Summer Internship students are required to work on large number of projects in different courses to enhance their learning by applying theoretical concepts to real life situations. This is done under the guidance of experienced faculty to ensure proper focus and implementation.
Guest lectures play an important role in the developmental process of the students. Eminent academicians and practising professionals are invited for guest lectures where MBA students get an opportunity to interact closely with them and understand the practical applications of various management and information technology concepts and ideas. Through these activities, students get acquainted with leadership roles, develop group and interpersonal skills and develop the right kind of attitude for success in their careers.
FACULTY OF MANAGEMENT STUDIES
FMS of IU Jharkhand offers Ph.D Program in Management (Part Time), Master of Business Administration (MBA),
a two year campus based program for graduate students and Bachelor of Business Administration (BBA), a three year degree program
for the students of Class 10+2 on merit basis.