Institute of Management Studies, BHU Varanasi, a government institute, was established in 1968. It is also recognized as FMS BHU and functions as a constituent college of Banaras Hindu University, Varanasi. IM BHU has been ranked 102nd by The Times in 2022 for MBA/PGBM and 47th by NIRF 2021 for Management. Institute of Management Studies, BHU is recognized by AICTE and UGC.

The Faculty of Management Studies at BHU has been offering admission to its various management programs for over 52 years. Currently, it offers admission into MBA, MBA-IB, MBA-AB, PGDBA and PhD in Management. FMS BHU also offers three career-oriented diploma and certificate programs in part-time mode.

MBA and MBA-IB admissions into FMS BHU are based on CAT scores. The overall CAT cutoff for MBA is 85 percentile to shortlist students for further GD/PI rounds. Foreign nationals are admitted to MBA and MBA-IB on the basis of GMAT and TOEFL scores. Admission to MBA-AB is based on the common entrance conducted by BHU after GD/PI. To get admission in FMS BHU PGDBA, candidates are evaluated on the basis of their work experience, academic performance and GD/PI rounds.

IMS BHU Placement 2022 has concluded with the placement of 169 students. Students received profiles such as consultant, assistant manager, process specialist, business development manager, management trainee and analyst. The average package of IMS BHU was 9.7 LPA, while the highest package of IMS BHU was 18 LPA.