faculty of management sciences
About the Faculty
General Overview
Cultivating Entrepreneurial Leaders for a Dynamic World
The Ashby Commission on ‘Post-School Certificate and Higher Education”, appointed by the Federal Government in 1959, recommended, among other things, the establishment of a University in Lagos, which would give special emphasis to “School of Commerce and Business Administration.” It was recognised that Lagos, as the then political and business capital of the Federation, would be an ideal site for an institution of Higher Learning, geared towards producing Managers, Accountants and Administrators for the private as well as the public sectors of the economy.
The first phase in the development of the University began in October 1962, with the establishment of the Faculty of Business and Social Studies, the Faculty of Law and the Medical School (then an independent unit, which later became the College of Medicine of the University.) Between October 1962 and August 1970, the Faculty took shape with substantial aid, in terms of personnel and physical resources from the United States of America Industrial Development and the New York University under the NYU – University of Lagos project, for the establishment and development of the Faculty of Business Administration. In 1967, the Faculty of Business and Social Sciences was split into two schools, i.e., School of Administration, and of Social Studies. With effect from October 1973, the School of Administration was renamed the Faculty of Business Administration while the School of
Social studies became the Faculty of Social Sciences. And in 2018, the faculty was also renamed as Faculty of Management Sciences. Despite these reorganisations, considerable cooperation continues to exist between the two faculties in several areas of common interest.
Currently, the Faculty offers. courses leading to Honours Degree of Bachelor of Science (B.Sc.) in Accounting, Actuarial Sciences, Business Administration, Finance, Insurance and Employment Relation and Human Resource Management. The Master of Business Administration (MBA) a professional Master Degree Programme was designed specially to meet the requirements of Nigerian Business Executives, Commenced from the 1973/74 Session. This programme is currently run on a day (full-time) and evening (part-time) basis. In addition, the Faculty offers Postgraduate Courses leading to the M.Sc., M. Phil, and Ph.D. degrees. Details of these could be obtained from the relevant Departments in the Faculty as well as the School of Postgraduate Studies.
Dean’s Message
FMS undergraduate are well prepared through internships, research and dedicated scholars whose research expands the boundaries of our knowledge and imagination, and whose teaching prepares students for wide-ranging careers and lifelong learning. The Faculty not only provides a world-class education to its own undergraduates, but also prepares the undergraduate students in professional programmes.
The Faculty offers courses leading to Honours Degree of Bachelor of Science (B.Sc.) in Accounting, Actuarial Sciences, Business Administration, Finance, Insurance, Taxation and Industrial Relations and Personnel Management.
The Master of Business Administration (MBA) a professional Master Degree Programme was designed specially to meet the requirements of Nigerian Business Executives, Commenced from the 1973/74 Session. This programme is currently run on a day (full-time) and evening (part-time) basis. In addition, the Faculty offers Postgraduate Courses leading to the M.Sc., M. Phil, and Ph.D. degrees.
Professor Akanbi Mudasiru Ilupeju
FACULTY DEAN
OUR CORE VALUES
• Integrity and Ethical Behaviour: Committed to the principles of truth and honesty, equity, ethical behaviour and professionalism.
• A Performance-based Culture: To create a culture in which there is a clear and transparent relationship between the quality of work and the rate of advancement and other rewards inherent in the academic environment.
• Intellectual Freedom: Belief in ethical and scholarly inquiry in an environment that encourages everyone to pursue knowledge freely.
• Collegiality: Mutual respect, caring, collaboration and position interaction.
• Scholarly Research: Scholarly research, published in high-quality, peer-reviewed journals, keep academic staff on the leading edge of their disciplines to benefit students and advance the body of knowledge, practices, and policies in various fields.
• Linking Theory and Research with Practice: Both research and theory are needed to inform the daily practice of business in an environment that is ever-changing and increasingly complex.
• High Expectation of Students: Setting high expectations for our students and providing the necessary support in order to meet them; paramount in this regard is establishing positive relationships between the students and academic staff.
• Diversity: Respect for others and diversity of opinions, freedom of expression and others’ ethnic, tribal, gender, religious and cultural backgrounds.
• Innovation and Continuous Improvement: Solving problems and advancing excellence require a willingness to identify and relinquish outdated practices, to embrace new ideas, and to pursue continuous improvement.