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Institute of Finance and Economics

Institute of Finance and Economics

Institute of Finance and Economics


Since its establishment in 1924, IFE has been one of the leading economic and business development centers in Mongolia offering high-quality programs. With regards to the ever-increasing pace of information development, the Institute of Finance provides access to the pool of knowledge through its academic guides. Students are offered new opportunities and the latest knowledge reflecting current market developments. IFE is on its way to becoming a highly competitive business school in Asia.

IFE offers a wide range of Business programs such as Financial Management, Business Administration, Tourism & Hospitality Management and, Business Economics, Business Law, and Marketing Management. Moreover, over the last years, we have been establishing international collaborations with different countries and we are enthusiastic about the new opportunities offered to our students.

IFE strongly believes in a free and unrestricted mind of the individual. It is important to IFE to turn its students into competent and flexible experts and socially responsible professionals who are confident dealing with innovations and who are devoted to democratic market values, justice, and humanity.

Ranking & Awards

National Leadership: Outstanding Ranking Results

Our faculty members representing each a particular field of business study have set high academic standards over the years. The fantastic academic qualifications of our academic body have turned IFE into one of the best educational institutions in Mongolia with a great reputation.

In 2008, IFE was awarded the credential 'Organization of Management Excellence' by the Mongolian Management Association. It was the first time that this title was given to an educational institution in Mongolia.

Among 162 universities and institutes of Mongolia, IFE was also rated best educational institution by the Ministry of Education, Culture, and Science of Mongolia. The survey completed by universities, education analysts, media professionals, and employers evaluated the academic quality, student services as well as the learning environments of the different institutions.

The Institute of Finance and Economics has received many other appraisals and much acknowledgment from other public organizations concerning the attitude of IFE towards education as well as towards its employees:

• Leading intellectual association Terguun Oyu: The IFE is an 'Employer Implementing Social Responsibility'

• Mongolian Marketing Association: IFE is 'The Leading Organization in the Market'

• Association of Mongolian Women in Finance: 'An Organization of the Best Productivity'

• Union of Mongolian Business Development Exit: 'Leader in the Education Sector'

In addition to this, the commitment of our students to their studies as well as the continuous efforts made by the IFE teaching staff is reflected in IFE student results in business-related competitions: IFE students have come in 1st or have played major roles in National Accounting, IT, Management, Mathematics, and Economics Olympiads among all universities and institutes in the recent years


  • Ulaanbaatar

    The Institute of Finance and Economics 13381, Peace Avenue-5 Bayanzurkh District , P.O.Box-49, Ulaanbaatar