The university was designed to train economists for industry and consumer cooperation, financiers, and economics and labor organization specialists.

On July 23, 1930, by a decree of the Central Executive Committee and the Council of People's Commissars of the Soviet Union, the Moscow Industrial and Economic Practical Institute was transformed into the Moscow Engineering and Economic Institute (MIEI).

The institute's main task was training engineers-economists of a wide profile for the most important sectors of the national economy: mechanical engineering, chemistry, metallurgy, energy, construction, transport, urban economy, etc.

On December 19, 1969, by decree of the Presidium of the Supreme Soviet of the USSR, MIEI was awarded the Order of the Red Banner of Labor.

[3] In 1986, A. G. Porshnev was elected rector of the Moscow Institute of Management named after Sergo Ordzhonikidze.

Since May 13, 2015, the position of Acting Rector of the SUM, per the order of the Ministry of Education and Science of the Russian Federation, was replaced by Doctor of Economics, Professor Vladimir Stroyev.

[4] On December 7, 2016, an extraordinary meeting of the Academic Council was held at the State University of Management.

As a result, it was decided to file a petition with the Ministry of Education and Science of the Russian Federation to cancel the order to reorganize the university.