University of Finance and Economics, Mongolia

 The University of Finance & Economics (UFE) was founded in 1924 and is the oldest education institution in Mongolia. This university has overcome many challenges faced in its historical periods, made actual contribution to prosperity and development of Mongolia and survived as a national premier university. Now, it educates more than 6000 undergraduate students including 2000 graduate students with 300 faculty members and staff.

UFE is the first university that is internationally accredited by the Accreditation Council for Business Schools and Programs located in Kansas, USA, in Mongolia. Also, the university has been sequentially accredited by the Mongolian National Council for Education Accreditation and most of its academic programs are nationally and internationally accredited.

In addition to its traditional programs, UFE offers international degree programs such as CFA, CIMA and ACCA etc., and it has also received the highest recognition status through the external evaluation of international bodies.  

Starting 2020, UFE has used the blockchain technology for verification of diplomas for the first time in Mongolia and it is nationally acclaimed as the benchmark in regard of its digitalization in teaching & learning process during the pandemic.

Last spring, UFE approved the new strategic plan to be implemented during 2021 to 2031. In range of this strategic policy, UFE is aiming to be an internationally – recognized, digital and entrepreneur university. Consequently, UFE emphasizes the interdisciplinary approach in its academic and research activities, in order to seek for solutions any challenges faced in economics, society and environment. For this purpose, UFE aims to be open platform and to create innovation ecosystem for all stakeholder so that the university prefers to incubate entrepreneurial initiatives of faculty staff and students as well as partners. Thus, numerous start-ups and spin-offs are being supported and successfully operated.

Briefly, its strategy is to serve for society and to be connector between all stakeholders such as government, business and local community as well as international organizations and universities. Due to its efforts and dedications for this goal, UFE has been ranked in the Times Higher Education Impact Ranking in 2022 for the first time.