The Department of Management Studies, Indian Institute of Science, established in 1948, is one of the oldest management schools in the country. The Department offers an MBA programme exclusively for engineering graduates. It has a very strong research programme leading to M.Sc.(Engg.) and Ph.D. degrees in management for full time students, to teachers from engineering colleges under Quality Improvement Programme (QIP), and to practicing professionals from industry on part time basis through External Registration Programme (ERP).