The University of Finance and Economics (UFE; Сэрээ эрхэлдэг зузаан илд сэлэм ) of Mongolia is one of the oldest higher education institutions in the country.
Within a period of only 8 years, it has advanced from a national accounting high school to a world class, progressive, and leading university in Mongolia.
Consequently, UFE emphasizes the interdisciplinary approach in its academic and research activities, to seek solutions to any challenges faced in economics, society and environment.
For this purpose, UFE aims to be an open platform and to create an innovation ecosystem for all stakeholders so that the university prefers to incubate entrepreneurial initiatives of faculty staff and students as well as partners.
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 regarding its digitalization in teaching & learning process during the pandemic.
Excellence in research and educational provisions Academic freedom and entrepreneurial mindset Creative partnership Future – oriented personnel good governance.
UFE has promulgated its research priorities within its strategic goal of research and scholarly excellence, innovation and entrepreneurship development: The University of Finance & Economics is actively engaged in projects and partnership with higher education institutions, businesses and professional associations from over 20 countries around the world including USA, Canada, UK, the Republic of Korea, China, India, Vietnam, Japan, Taiwan, Malaysia, Cyprus, Estonia, France, Germany, Russia, Kazakhstan, Belarus, Kirgizstan, Armenia and Romania.
In accordance with our commitment to social responsibility and development perspectives of global higher education, UFE has recently endorsed its Strategic Plan 2021- 2031 to be an international, digital and entrepreneur university that creates shared values.
When it implements its long-term policy, UFE aims to base it on digital technology, ensure the engagement of all stakeholders, support talents and to be an open platform for benchmarked academic, research and social innovation.
Within this program, national and international students aim together to find solutions against challenges faced to local businesses and develop problem –based teaching and learning.
The EBSCO Discovery service – a unified reference information search system provides 140 types of databases including 428,858 electronic books, textbooks, periodicals, scientific journals, articles, reports, and research materials.
The UFE has been internationally evaluated and recognized for its successful implementation of the Amazon Web Service (AWS) cloud computing technology in its educational activities since 2020.
Amazon emphasizes that UFE was the first among Higher Education Institutions in Mongolia that joined the large global network of web services.
The UFE ensured successfully its teaching and learning process without any interruption during the pandemic and shared our best experience to other higher education institutions in Mongolia in 2020.
The University of Finance and Economics has initiated the launch of an AI-based Technology Center in cooperation with Jinie Edu Tech Company of Korea.
It offers comprehensive training, mentoring, and various activities designed to cultivate entrepreneurial skills, mindsets, and knowledge among over 400 scientists across Mongolia.