SMS has three laboratories: Systems Lab, Behavioural Dynamics Lab and Research lab. Of these, the System Laboratory has 60 computers equipped with latest software like SPSS 18, Prowess, CMIE, AMOS, MS-Office, etc.

The Behavioural Dynamics Laboratory has been designed to hone the communication, leadership and decision making skills of students through presentations and discussions, so as to enhance their overall personality. It is dedicated to activities like conducting market survey, organizing management games, role plays, quizzes and debates. Tele shows of important economics and business events like the Annual Budget with the help of audio-visual aids also feature as an important feature of this lab. The Research Laboratory is hub of research scholars at SMS, with 11 workstations for research work with required software.