Undergraduate and graduate programs offered by the University of Finance & Economics (UFE) have been reaffirmed by the Accreditation Council for Business Programs and Schools (ACBSP), which is globally acclaimed as a leading organization of higher education quality assurance, for the first time among Mongolian higher education institutions. The ACBSP is an international organization and has a history of more than 30 years, enlisted 1200 higher education institutions from over 60 countries in its membership as well as disseminates globally good practices of quality assurance. UFE became the first ACBSP candidate school in 2008 from Mongolia and furthermore, was successfully accredited by this organization on 01st December, 2012. In pursuance of this initial accreditation, UFE has submitted its progress reports in regard to its initiatives and efforts to foster a comprehensive system of internal quality assurance in accordance with conditions and notes placed by the ACBSP, every 2 years and has been continuously evaluated during 2014 to 2020.

The ACBSP evaluated that UFE has fostered planning, performance and quality assurance system in its all business process of the university due to continuous improvement since 2008 and has announced the reaffirmation of our university that will last until 2032.

UFE has promulgated its mission to educate entrepreneurial leaders who are able to make actual contributions to competitiveness of Mongolia and furthermore, global sustainable development.

Many thanks to each of our colleagues, who brought this success. Congratulations!