University of Finance and Economics (Mongolia)

The University of Finance and Economics (UFE; Санхүү эдийн засгийн их сургууль ) of Mongolia is one of the oldest higher education institutions in the country. UFE approved the new strategic plan to be implemented during 2021 to 2031.

The University of Finance and Economics

Motto	Wisdom is the wealth of highest value
Established	1924
Location	Ulaanbaatar , Mongolia
Nickname	UFE
Website	www.ufe.edu.mn/english/

Flexibility

UFE will be a national role model university in the higher education sector because for its technology-based and entrepreneurial education provisions and research services. UFE will be a learning institution which is adaptable to the changing environment and raises flexible policy and continuous improvement.

Academic programs

The university is currently offering 38 undergraduate programs, graduate programs with over 300 faculty members and 6800 students.^{[citation needed]}

Undergraduate full-time programs

• Banking management
• Business management
• Marketing management
• Information system management
• Accountancy
• Financial management
• Economics
• Business law
• Hospitality management
• Tourism management
• Entrepreneurship
• Insurance
• International trade
• Financial leadership
• Teacher of Preschool education
• Teacher of Primary education Mathematics teacher
• Teacher of Social studies
• Teacher of Mongolian language and literature
• Teacher of Foreign language
• Teacher of Informatics Psychology Educational Studies
• Mongolian language and literature studies Archival studies
• Social work
• Philosophy
• Sociology
• Public Administration
• Electrical engineering
• Mechanical engineering
• Mining exploitation technology
• Textile production technology
• Occupational safety and health
• Graphic design Interior design
• Production design

International joint undergraduate programs

• Global management (Handong Global University, South Korea)
• Business management, Marketing, Finance (Woosong University, South Korea)
• Business Law and Business Management (Dalian University, China)
• International Economics and International Trade (Dalian Polytechnic University, China)
• Data analyst, Financial Management, Accountancy (Asia University, Taiwan)
• Accountancy, Business Management, International trade (Dongbei University, China)
• Hospitality and tourism management (Shandong Tourism college, China)
• Finance, Accountancy (Dongbei University of finance and economics, China)
• Economics (Dalhousie University, Canada)
• Information system, Finance (Irkutsk National Research Technical University)
• Business management (Financial University under the Government of the Russian Federation)
• Finance (East Siberian state University Technology and management)
• Tourism management (Kanagawa University, Japan)

Undergraduate part time programs

• Financial management Business management
• Accountancy Marketing Business law

Graduate programs

• Business Administration
• Financial Management
• Accountancy
• Entrepreneurship and Innovation
• Non-Profit Organization Management
• Senior Management Course
• Corporate Governance
• Regional Development Program
• CFA Preparation Course Information System Investment management
• Business and Law Environmental economics
• Public administration
• Applied Economics

Professional degree programs

• ACCA (The Association of Chartered Certified Accountants)
• CGMA (Chartered Global Management Accountant)
• CFA (Chartered Financial Analyst)

Doctoral programs

• PhD in Business Administration
• PhD in Management

Research and consulting

• Economic coherence and institutional context
• Institutional digital transformation and organizational development
• Creation, adaptation and management of social and business innovation and entrepreneurship
• New trends, management, quality and efficiency of education
• Development contexts of national strategic sectors; finance, mining, agriculture and tourism
• Urgencies of social development, partnership, participation and public interests
• Theoretical and practical contexts of national security; geo-economics of second and third neighbors

International cooperation

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.^{[citation needed]}

National cooperation

UFE implements and takes part in joint research, scholastic works, ordered research, students’ internship programs, workplace-based learning and scholarship programs with institutions and companies in Mongolian banking, financial, stock market and business enterprises.^{[citation needed]}

Digital resources - EBSCO Discovery

Service An Integrated search system service EBSCO Discovery Service has been used by UFE since 2016. 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.^{[citation needed]}

Blockchain technology

Since 2019, UFE started to use blockchain verification for its diplomas awarded to graduates of UFE for the first time in Mongolia. In this way, UFE ensures the reliability of diplomas and certificates of its graduates. Mongolia became the second country in Asia using this technology in its university diplomas since UFE’s verification.^{[citation needed]}

Interdisciplinary studies

In 2019, the "Department of Interdisciplinary Studies" was newly set up in order to develop interdisciplinary academic provision, research, innovation and interdisciplinary cooperation among social, economic, environmental and scientific sectors of Mongolia.

Entrepreneurship program

“Entrepreneurship and Innovation” graduate program has been offered since 2019, and the same programs at undergraduate and high school level have been implemented since 2022. This is to become the “Entrepreneurship and Innovation for Incubation of New Businesses” program to educate entrepreneurs and is to be implemented at the university level. Moreover, the undergraduate students can study “Entrepreneurship and Innovation” courses, regardless of major, and participate in co-op programs, volunteer clubs that encourage students, and begin startup businesses during the schooling years.^{[citation needed]}

Researcher student program

To be a research-based university and to increase students' research capability and outcomes, UFE has been conducting classroom teaching programs to support students to analyze social and economic problems, explain reasons, and seek solutions as well as to support students to self-learnings and continuous self-development.

Scholarship

UFE has offered various scholarships for gifted and talented pupils from high school, President’s scholarships are provided to excellent students, joint program students and various partnership organizations funded scholarships. As for the last 5 years, more than 2000 students were given scholarships.

Workplace - based learning

UFE co-implements “Work-Based Learning for Higher Education System in Mongolia toward Better Employability of University Graduates” within the Erasmus+ MONGWBL project funded by the European Commission, in associated with bank and tourism associations.

Academic Entrepreneurship program

In collaboration with the Ministry of Science and Education and the Mongolian Academy of Science, our university has initiated the "Academic Entrepreneurship Program." This pioneering program in Mongolia aims to augment the entrepreneurial capabilities and skills of scientists and scholars. It offers comprehensive training, mentoring, and various activities designed to cultivate entrepreneurial skills, mindsets, and knowledge among over 400 scientists across Mongolia. Numerous innovative products have emerged because of this program. We are planning a soft launch for these new products in late December 2023. The significance of this program lies in its foundation on the triple-helix model, which our university is committed to incorporating into our enterprise activities.

Faculties

The UFE is divided into a number of faculties.

Famous people

• Yumjaagiin Tsedenbal, General Secretary of the Central Committee of the Mongolian People's Revolutionary Party of Mongolia (1974–1984)
• Jigjidiin Mönkhbat, 1968 Summer Olympics silver medalist in men's freestyle middleweight wrestling
• MK Ultra known as MLBB 3.0 chocolate. World record 3148 straight lose streaks

Student union

The University of Ulaanbaatar for Finance & Economics has a Student Union formed by students. Financially supported by the school administration, the Union organizes socio-cultural activities as well as extracurricular academics activities.

The earlier structure of the Union was the Student Council which was relatively small, founded in 1997. Until 2001 there was no stability in student organization activity. In 2001, the Student Council changed its name to Student Union and started to expand. On April 10, 2004, the Student Union changed its name to back to Student Council. The reason for this change is uncertain. The latest change of its name occurred on October 1, 2007: the Student Council changed its status to a non-government organization hence called Student Union.

The Student Union is governed by the Student Assembly, although day-to-day workings of the Union are handled by the Executive Committee. Representatives for the Student Assembly, the Chair's Office are elected/appointed between October and November each academic year.^{[citation needed]}

External links

• Official website