Faculty of Management Studies, University management faculty in North Delhi, India

The Faculty of Management Studies is a teaching institution at the University of Delhi dedicated to business education and related fields. The school provides multiple academic programs and research opportunities for students pursuing careers in commerce and industry.

FMS was created in 1954 when the commerce department of Delhi College of Engineering was abolished and the new faculty took its place, starting at the Delhi School of Economics premises under Dean A. Dasgupta. Its first professors were trained at the Stanford Graduate School of Business. It later moved to its own red brick building on the University of Delhi campus.

The campus is nicknamed "The Red Building of Dreams", a nod to the red brick facade with "MANAGEMENT STUDIES" in metal letters above the entrance. Alumni include Dharam Gokhool, president of Mauritius, and Dinesh Kumar Khara, chairman of the State Bank of India. Admission runs through the CAT exam, which replaced the school's own entrance test from the 2012–14 session.

The building stands on the University of Delhi campus in New Delhi, at the coordinates 28.68410, 77.20830. The entrance sits under the white canopy between the square red brick columns, and the rounded brick entryway is directly beneath it. The metal letters "MANAGEMENT STUDIES" on the upper facade mark the front.

The campus is nicknamed "The Red Building of Dreams", and the red brick facade carries metal letters reading "MANAGEMENT STUDIES" in two stacked lines above a white-edged parapet. The first professors were trained at the Stanford Graduate School of Business. Alumni include Dharam Gokhool, president of Mauritius, and Dinesh Kumar Khara, chairman of the State Bank of India.