FMS has its main library at North Campus of the University. It has air-conditioned reading rooms housing over 50,000 books and over a 100 Journals (including 60 foreign journals). A branch library with a sprawling reading room functions at S.P.Jain Advanced Management Research Center, South Campus. Both the libraries are well stocked with textbooks, reference books and other documents.

Along with this the students have access to the Ratan Tata Library which has a collection of over 200,000 books and over 1,000 journals on management and economics. The students can also access the University library as well as study rooms depending upon their interests.