Jamnalal Bajaj Institute of Management Studies (also referred to as JBIMS or just Bajaj) is the Department of Management Studies of the University of Mumbai (Bombay) and is the third oldest business school in India. It is known for its post-graduate management programme. Founded in 1965, Jamnalal Bajaj Institute of Management Studies is the third oldest management institute in India. JBIMS was established by the University of Mumbai in collaboration with the Graduate School of Business, Stanford University. The flagship MMS (Master of Management Studies) program was conceived under the aegis of Mumbai University. Besides that, it offers various management courses for executives. The major objective behind the JBIMS is to evolve an indigenous model of management education in tune with the contemporary demands of both the Indian and the global environment. JBIMS has been rated among the top 25 business schools in the Asia-Pacific region. JBIMS has also been consistently ranked among the top 10 business schools in India. The full-time Master of Management Studies (née. MBA) programme continues to be the flagship programme of JBIMS.