Mandakh University

What Mandakh University does

Mandakh University is a private higher education institution headquartered in Ulaanbaatar, Mongolia, founded in 1992 by Sandagsuren Budkhuu. It operates a main campus in central Ulaanbaatar with capacity for 2,300 students across 50+ classrooms, 4 computer laboratories, a 260-seat library, and a 250-seat sports hall, plus a regional branch in Darkhan-Uul province established in 2007. The university offers undergraduate, graduate, and doctoral programs in accounting, business administration, finance, banking, logistics, marketing, engineering, information technology, and foreign languages, with particular depth in accounting where 16 faculty members hold CPA credentials and the program has won multiple national olympiad awards.

The university runs internally developed technology platforms including a Student Web Portal, E-Learning System, Electronic Library Catalog, Admission Registration System, plus custom online testing and survey tools built by its School of Information and Technology. The technology stack is functional and configurable but not a differentiator. Revenue is generated almost entirely through tuition and fees across undergraduate, graduate, doctoral, correspondence, and dual degree programs, with international student recruitment (including from China) and a dual degree program with OUS Royal Academy of Economics and Technology in Switzerland as supplementary streams; pricing is not publicly disclosed.

The institution holds ACBSP accreditation (2014, first among Mongolian private universities), ISO 9001:2015 (2017, first among Mongolian universities), and ISO 21001:2018 (2020, first educational organization in Mongolia). It maintains partnerships with over 20 foreign universities for student and faculty exchange, a 12-year collaboration with Mongoltax TMZ LLC for accounting industry placements, and a work-based learning program with Golomt Bank. Leadership is provided by President G. Nanjid alongside four Vice-Presidents covering academic research, academic affairs, finance, and strategy.

Name

Mandakh University

Legal name

Mandakh University

Website

https://en.mandakh.edu.mn

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

Mandakh University is a private Mongolian higher education institution founded in 1992, headquartered in Ulaanbaatar, serving undergraduate, graduate, and doctoral students across accounting, business, IT, and engineering programs. It operates a 2,300-student campus, a Darkhan branch, dual degree partnerships, and holds ACBSP and ISO certifications.

Ownership category

akta.pro rank

Product category

Higher Education

NAICS

Colleges, Universities, and Professional Schools (6113)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Comprehensive Doctoral Research Universities (Multi-Disciplinary) (EDAHABAA)

akta.pro secondary industry

STEM-Focused Research Universities (Engineering & Applied Sciences) (EDAHABAB)

Keywords

• Higher education services
• Business education
• Accounting programs
• Engineering programs
• Dual degree programs

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Tuition and Fees: Revenue generated from undergraduate, graduate, and doctoral program tuition, including part-time and correspondence programs
2. Dual Degree Program Fees: Fees from dual degree programs with international partner universities such as OUS Royal Academy of Economics and Technology in Switzerland
3. International Student Recruitment: Revenue from international students including Chinese applicants and exchange program participants

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Mandakh University is a private higher education institution that delivers undergraduate, graduate, and doctoral degree programs across accounting, business administration, finance, banking, insurance, logistics, marketing, engineering, information technology, graphic design, computer networks, and foreign languages. It operates its main campus in Ulaanbaatar and a regional branch in Darkhan-Uul, supporting instruction through in-house e-learning, student portal, electronic library, and admission systems, and offering dual-degree programs with international partners such as OUS Royal Academy of Economics and Technology in Switzerland.

Product overview

Mandakh University is a higher education institution offering a comprehensive portfolio of educational products and services. The university provides undergraduate, graduate, and doctoral programs across multiple disciplines including accounting, business administration, finance, banking, information technology, engineering, and foreign languages. The institution operates multiple specialized schools and departments including the School of Information and Technology, Accounting Department, Department of Foreign Languages, Economics and Business Department, and Science and Engineering Department. Supporting the academic offerings are technology platforms including a Student Web Portal, E-Learning System, Electronic Library Catalog, and Admission Registration System. The university also conducts research activities through the Mandakh Research Journal and offers international programs such as the Dual Degree Program with Swiss partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Undergraduate Degree Programs Bachelor's degree programs in Accounting, Finance and Banking, Business Administration (Mongolian and English Medium), Logistics Management, Marketing, Engineering Economics, Engineering Mechanics, Electrical Engineering, Information Systems, Software, Graphic Design, Computer Network, Foreign Language Translation, and Insurance. For high-school graduates seeking professionally accredited Mongolian higher-education credentials.
• Master's Degree Programs Master's programs in Accounting, Business Administration, Finance, Banking, Insurance, and Supply Chain and Logistics. For graduates seeking advanced specialization, leadership development, and professional credentials.
• Doctoral Degree Program Doctoral program in Business Administration, with program goals and objectives supported by a dedicated doctoral-teachers roster. For researchers and academic-career candidates.
• Dual Degree Program with OUS Royal Academy of Economics and Technology Joint academic program with OUS Royal Academy of Economics and Technology in Switzerland enabling students to earn degrees from both institutions. For students seeking internationally portable credentials.
• 2+2 Joint Program with Wufeng University of Taiwan Collaborative 2+2 degree program enabling students to earn degrees from both Mandakh University and Wufeng University of Taiwan. For students seeking Taiwan-credentialed degrees.
• International Student Exchange Programs Student exchange programs with over 20 partner universities in Switzerland, Japan, South Korea, Taiwan, Russia, Ireland, Kazakhstan, and India. For students seeking cross-cultural academic experience and international exposure.
• E-Learning System Online learning management system hosted at online.mandakh.org enabling remote course delivery, online lectures, and digital learning resources. For enrolled students and distance learners.
• Student Web Portal Online student-management portal at e.mandakh.edu.mn providing access to academic records, course information, grades, and academic services. For currently enrolled students.
• Electronic Library Catalog Digital library system at mandakh.lib4u.net providing access to academic resources, new book information, scientific works, and electronic catalog. For students and researchers.
• Admission Registration System Online admission and enrollment management system at elselt.mandakh.mn for prospective students to apply and register for university programs.
• Mandakh Research Journal Academic research publication featuring scientific papers and conference proceedings from Mandakh University researchers and doctoral candidates.
• Darkhan-Uul Branch School Programs Regional campus in Darkhan-Uul offering day and correspondence accounting programs to prepare professional accountants for the regional area. For students in northern Mongolia.

Quantifiable outcome

• 45 students graduated with dual degree diplomas from Swiss partner university since 2017
• +2 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

19 partnerships are on record, tiered minor and core.

• Association of Mongolian Internationally Recognized Accountants (AMIRA)minorStrategic or Co-development Partner · 1 December 2025MoU signed for cooperation in accounting education standards and professional development.
• Lovely Professional University, IndiaminorStrategic or Co-development Partner · 30 September 2025Delegates from LPU visited Mandakh University to discuss potential academic partnerships and exchange programs.
• Daejeon Branch of Korea Polytechnics IV CollegeminorStrategic or Co-development Partner · 20 February 2025Memorandum of Understanding signed for cooperation in technical and vocational education areas.
• Halla University, South KoreaminorStrategic or Co-development Partner · 12 December 2024Delegates from Halla University visited Mandakh University to explore academic cooperation opportunities.
• Times Higher Education (THE)minorOthers · 28 October 2024Participation in World Academic Summit-2024 held in Manchester, UK. Focus on universities' social responsibilities and collaboration in changing world.
• Hansung University, South KoreaminorStrategic or Co-development Partner · 22 April 2024Mandakh University expands cooperation with Hansung University for student exchange and collaborative academic programs.
• Kazakh-British Technical UniversitycoreStrategic or Co-development Partner · 16 April 2024MOU signed April 16, 2024 for facilitating exchange of academic staff and students, organizing study visits, inviting guest professors, mutually exchanging educational experience, promoting joint research, co-supervising PhD theses, and strengthening social and cultural contacts.
• Wufeng University of TaiwancoreStrategic or Co-development Partner · 20 January 20242+2 Joint Program Agreement signed for collaborative degree programs enabling students to earn degrees from both institutions.
• UMAP (University Mobility in Asia and the Pacific)coreStrategic or Co-development Partner · 1 November 2021Joined UMAP membership in November 2021, providing students and faculty with opportunities to attend international academic events, trainings, workshops, exchange programs, and overseas studies.
• Tohoku University, JapanminorStrategic or Co-development Partner · 8 April 2021Graduate School of Economics and Management at Tohoku University held online events for partner university students from April 8 to May 27, 2021. 22 students from Mandakh University participated in discussions about regional impact of Covid-19.
• Dublin City University, IrelandminorStrategic or Co-development Partner · 1 March 2021Organized intensive 30-hour online Business English Course for 8 Mandakh University staff members. Participants received certificates issued by Dublin City University.
• Ministry of Labour and Social ProtectioncoreStrategic or Co-development Partner · 9 October 2020MoU signed to implement state policy for supporting special needs learners' education and encouraging them to have jobs with obtained knowledge and skills. Includes creating a Model university meeting special needs learners' demands, assisting their study, and conducting trainings.
• Mongoltax TMZ LLCcoreStrategic or Co-development Partner · 7 October 202012-year collaboration including annual Olympiad on Cost management and accounting. Winners receive scholarships for student practice. 31 students engaged in scholarship program. About 100 students performed industrial practice. New MoU signed to expand partnership with online olympiad and 'Leader Student' scholarship program.
• Golomt BankcoreStrategic or Co-development Partner · 29 May 2019Collaboration Agreement signed for work-based learning programs, providing students with practical banking and finance experience.
• School of Technology under Erdenet Mining CorporationminorStrategic or Co-development Partner · 3 April 2019MoU signed for cooperation in technical education and vocational training with Mongolian University of Science and Technology.
• Development Solutions NGOminorStrategic or Co-development Partner · 28 November 2018Memorandum of cooperation signed for development projects and social responsibility initiatives.
• Kaluga Branch of the Financial University under the Government of Russian FederationminorStrategic or Co-development Partner · 29 November 2017Collaboration areas include exchange of information, joint research activities, student exchange, organization of scientific conferences, and mutual guest faculty exchange.
• Kyonggi University, South KoreaminorStrategic or Co-development Partner · 26 May 2017MoU on cooperation between Mandakh University and Kyonggi University was signed on May 26, 2017 for student and faculty exchange.
• OUS Royal Academy of Economics and Technology (ABMS Open University of Switzerland)coreStrategic or Co-development Partner · 1 January 2017Since 2017, Mandakh University has implemented a dual degree program with OUS Royal Academy in Switzerland. A total of 45 students have graduated with dual degree diplomas. This partnership provides students with international credentials and cross-cultural academic experience.

Scale indicators10 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• International University of Mongolia: IUM is a private Mongolian university offering multi-disciplinary programs including business and IT, competing directly with Mandakh in the domestic private higher-education market. It is a near-substitute from the same geography with similar international partnership strategy.
• Narxoz University: Narxoz is a private Kazakhstan-based university focused on business, economics, accounting, and finance, with multiple international accreditations. It is highly comparable to Mandakh in program mix, private status, regional positioning, and emphasis on professional credentials.
• University of the Humanities: University of the Humanities is one of the established private universities in Ulaanbaatar competing with Mandakh for domestic students across humanities, business, and social science programs. It is a direct local competitor in the private university segment.
• KIMEP University: KIMEP is a private Kazakhstan-based university with ACBSP accreditation and a strong focus on business, accounting, and finance programs delivered in English. It is the closest direct peer to Mandakh given similar program mix, accreditation profile, and target market of professionally oriented Central Asian students.
• Suleyman Demirel University: Suleyman Demirel University is a private Kazakhstan-based university offering English-language programs in business, engineering, and IT. It is comparable to Mandakh as a regional private competitor targeting international students and emphasizing modern campus facilities.
• Ikh Zasag University: Ikh Zasag is a private Mongolian university competing with Mandakh for the same domestic students, with a comparable focus on business, accounting, and law programs. It is a direct competitor in the same private higher-education niche within Mongolia.

Broad incumbents

• Mongolian University of Science and Technology: MUST is Mongolia's flagship STEM-focused public university and competes with Mandakh's School of Information and Technology and engineering programs. It is a broad incumbent with substantially larger enrollment and government backing.
• National University of Mongolia: NUM is the largest and oldest public university in Mongolia, offering a broad multi-disciplinary portfolio that competes for the same domestic student pool as Mandakh. As a public incumbent, it competes on price and prestige rather than the niche accounting/business specialization Mandakh has chosen.

Regional players

• Inha University in Tashkent: Inha University in Tashkent is a private Uzbekistan-based IT and engineering university backed by South Korean partner Inha University. While primarily Uzbek-focused, it competes regionally for the same Central Asian international student pool that Mandakh targets.

Emerging players

• Astana IT University: Astana IT University is a Kazakhstan-based university specializing in IT, engineering, and digital economy programs. It overlaps with Mandakh's School of Information and Technology offerings and competes for regional STEM-oriented students.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/MandakhUni
• YouTubeyoutube.com/user/Mandakh
• Facebookfacebook.com/mandakhuniversity1992
• Instagraminstagram.com/mandakh_university
• LinkedInlinkedin.com/company/mandakh-burtgel-university

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Mandakh University