University of Finance and Economics

What University of Finance and Economics does

The University of Finance and Economics (UFE / СЭЗИС) is a Mongolian higher education institution founded in 1924 and headquartered in Ulaanbaatar, recognized as one of the oldest and most established universities in the country. It specializes in finance, economics, business administration, law, tourism, and IT-related disciplines, delivering programs across Bachelor's, Master's, MBA, and Doctoral levels, supplemented by short-term professional training, customized corporate and government courses, and an official IELTS testing center on campus. The university holds international accreditations from ACCA, ACBSP, and Times Higher Education (Mongolia's first THE Approved Partner), received a 10-year institutional reaccreditation from the Mongolian Higher Education Accreditation Commission valid through 2034, and publishes the EBSCO-indexed Mongolian Journal of Economic Review.

Its operational platform comprises an Infosys-based student information system, an E-Office administrative suite, a library management and institutional repository system, a dedicated online learning platform (online.ufe.edu.mn), and a mobile application available on iOS and Android. The institution has built a multi-brand ecosystem around the core university: UFE Tech (technology-focused subsidiary/initiative), UFE Training (professional development), UFE 360 (news/information), UFE Network (alumni platform), and UFE Store (merchandise). Its governance is anchored by a Board of Directors chaired by former Mongolian Prime Minister R. Amarjargal.

UFE generates revenue from multiple streams: recurring tuition and program fees (Bachelor's, Master's, Doctoral, executive formats), short-term professional training and corporate consulting (transaction and professional services), international joint-degree programs with foreign partner universities, entrance exam and admissions fees, and IELTS testing services. It distributes these offerings through a centralized admissions portal, on-campus delivery, international exchange and dual-degree channels, direct corporate sales, and a self-serve online platform for distance learners. The customer base spans domestic undergraduate and graduate students, working professionals seeking credentials, doctoral researchers, international exchange participants, and government agencies and corporations contracting customized training. Marketing channels include its official website, social media and newsletters, annual open days, olympiads and recruitment competitions, scholarship programs (including employer-sponsored scholarships from Golomt Bank and Khan Bank), corporate/government training partnerships, and media coverage through its Mongolian Television partnership.

Name

University of Finance and Economics

Legal name

University of Finance and Economics

Website

https://ufe.edu.mn

Company type

Private

Founded year

1924

Operating status

Operating

Short description

The University of Finance and Economics (UFE) is Mongolia's oldest higher education institution, founded in 1924, specializing in finance, economics, and business programs from Bachelor's through Doctoral levels. It serves domestic Mongolian students, working professionals, government agencies, and international exchange participants through tuition, professional training, IELTS testing, and international joint-degree partnerships.

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

Finance, Accounting & Economics Schools (EDAHAHAD)

akta.pro secondary industry

Finance, Banking & Capital Markets (EDAAAPAG)

Keywords

• Higher education services
• Finance and economics programs
• Professional training courses
• Corporate executive education
• Online distance learning

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Tuition and Program Fees: Revenue from bachelor, master, and doctoral degree programs, including regular, part-time, and executive formats. Programs include finance, economics, management, law, tourism, IT, and more.
2. Short-term Professional Training: Professional development and continuing education courses for working adults and professionals, including customized corporate training programs.
3. International Joint Programs: Revenue from dual-degree and internationally partnered programs with foreign universities, generating additional tuition from international curriculum delivery.
4. Entrance Exam and Admissions Fees: Fees collected from undergraduate and graduate admissions selection processes.
5. IELTS Testing Center: Revenue from operating an official IELTS testing center on campus.

Pricing tiers

Distribution channels6 records

Marketing channels9 records

Core offering

The University of Finance and Economics is a Mongolian higher education institution offering bachelor's, master's (including MBA), and doctoral degree programs in finance, economics, business administration, law, tourism, and IT, supplemented by short-term professional development courses, customized corporate training, an official IELTS testing center, and an online learning platform. Programs are internationally accredited by ACCA, ACBSP, and Times Higher Education.

Product overview

UFE operates as a traditional university institution offering a comprehensive portfolio of educational programs. The core offerings include Bachelor (БАКАЛАВР), Master (МАГИСТР), Doctoral (ДОКТОР), and Other (БУСАД) programs spanning finance, economics, business administration, law, and related disciplines. The institution supplements its degree programs with specialized services including an IELTS Testing Center and an electronic learning management system (online.ufe.edu.mn). The portfolio architecture follows a standard university model with undergraduate, graduate, and doctoral degree levels as the primary offerings, augmented by professional certification and short-term training modules.

Differentiator

Problem solved

Functional benefit

Brands

• UFE Tech: Technology-focused subsidiary/initiative of the university
• UFE Training
• UFE 360
• UFE Network
• UFE Store

Products and services

• Bachelor's Programs (БАКАЛАВР)

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

38 partnerships are on record, tiered core, minor and moderate.

• ХААН БАНК (Khan Bank)coreStrategic or Co-development Partner · 16 December 2025СЭЗИС and ХААН БАНК elevated their collaboration to a strategic level in December 2025, signing a memorandum to deepen cooperation in student scholarships, internship programs, and curriculum development in banking and finance.
• Монголын Хөрөнгийн Бирж / Mongolia Stock Exchange (MSE)coreStrategic or Co-development Partner · 4 December 2025Санхүү Эдийн Засгийн Их Сургууль and the Mongolia Stock Exchange signed a strategic-level cooperation memorandum in December 2025, indicating joint initiatives in capital markets education and research.
• Шунхлай ХХКminorStrategic or Co-development Partner · 1 December 2025Санхүү Эдийн Засгийн Их Сургууль and Шунхлай company signed a cooperation memorandum.
• Zangia.mnminorStrategic or Co-development Partner · 26 November 2025СЭЗИС and Zangia.mn partnership for career services and job placement support for students and graduates.
• Зангиа Портал ХХК / Zangia PortalminorStrategic or Co-development Partner · 23 November 2025Санхүү Эдийн Засгийн Их Сургууль and Zangia Portal signed a cooperation memorandum.
• Үйлдвэрлэл Урлалын Политехник КоллежminorChannel Partner/ Reseller/ Distributor · 10 November 2025Санхүү Эдийн Засгийн Их Сургууль and the Industry Arts Polytechnic College signed a cooperation memorandum.
• Монгол Телевиз ХХК / Mongolian TelevisionmoderateGTM or Marketing Partner · 15 October 2025Partnership for human resources training, development, and joint public education content production through Mongolian Television's platform.
• Монголиа Талент Нэтворк ХХК / Mongolia Talent NetworkminorStrategic or Co-development Partner · 15 October 2025Partnership to support student career development, expand research, training, and job placement opportunities.
• Монголын Банк Бус Санхүүгийн Байгууллагуудын ХолбооmoderateStrategic or Co-development Partner · 15 October 2025Санхүү Эдийн Засгийн Их Сургууль and the Mongolian Association of Non-Bank Financial Institutions signed a cooperation memorandum.
• Бизнес Модель ХХКminorStrategic or Co-development Partner · 4 September 2025Санхүү Эдийн Засгийн Их Сургууль and Бизнес Модель signed a cooperation memorandum.
• Нэткапитал Санхүүгийн ГруппminorStrategic or Co-development Partner · 29 June 2025СЭЗИС and Netcapital Financial Group signed a cooperation memorandum.
• Нийгмийн Даатгалын Ерөнхий Газар / Social Insurance General AgencymoderateStrategic or Co-development Partner · 25 June 2025Санхүү Эдийн Засгийн Их Сургууль signed a cooperation memorandum with the Social Insurance General Agency in June 2025.
• Төрийн Банк / State Bank of MongoliamoderateStrategic or Co-development Partner · 22 June 2025Санхүү Эдийн Засгийн Их Сургууль and the State Bank renewed their cooperation memorandum in June 2025.
• Монложистикс Холдинг / Mongolistics HoldingminorStrategic or Co-development Partner · 18 June 2025СЭЗИС signed a cooperation memorandum with Mongolistics Holding in June 2025.
• Голомт Банк / Golomt BankmoderateStrategic or Co-development Partner · 18 June 202518 СЭЗИС students received Golomt Bank scholarships, indicating an ongoing student sponsorship partnership.
• Monre Insurance Company / Монре Файнаншиал ХХКminorStrategic or Co-development Partner · 5 June 2025СЭЗИС signed a cooperation memorandum with Monre Insurance Company in June 2025.
• Монголын Электрон Спортын Холбоо / Mongolian Esports FederationminorStrategic or Co-development Partner · 5 June 2025СЭЗИС signed a cooperation memorandum with the Mongolian Esports Federation and IFAYV HUB.
• Батхүлэг Авто СургуульminorStrategic or Co-development Partner · 3 June 2025СЭЗИС and Батхүлэг Авто Сургууль signed a cooperation memorandum in June 2025.
• Монгени Ерөнхий Боловсролын СургуульminorStrategic or Co-development Partner · 27 May 2025СЭЗИС and Монгени secondary school signed a cooperation memorandum for educational pathway development.
• Монголын Даатгалын Зах Зээлийн Холбоо / Mongolian Insurance and Credit FederationmoderateStrategic or Co-development Partner · 26 May 2025Санхүү Эдийн Засгийн Их Сургууль and the Mongolian Insurance and Credit Federation signed a cooperation agreement for professional development in insurance and credit sectors.
• LendMN ББСБminorStrategic or Co-development Partner · 18 May 2025Санхүү Эдийн Засгийн Их Сургууль and LendMN signed a cooperation memorandum.
• Kazakhstan Higher Education DelegationminorChannel Partner/ Reseller/ Distributor · 15 May 2025Kazakhstan higher education delegation visited СЭЗИС, indicating bilateral academic exchange interest between the two countries' education sectors.
• British Ambassador Fiona BlythminorStrategic or Co-development Partner · 4 January 2025The British Ambassador visited СЭЗИС, reinforcing UK-Mongolia academic ties and potentially strengthening British Council and UK university partnerships.
• Ти Ди Би Секьюритис ҮЦК / TDB SecuritiesmoderateStrategic or Co-development Partner · 29 December 2024Санхүү Эдийн Засгийн Их Сургууль signed a cooperation memorandum with TDB Securities in December 2024.
• British Council MongoliacoreStrategic or Co-development Partner · 4 December 2024Санхүү Эдийн Засгийн Их Сургууль became an official 'Approved Partner' of the British Council, enabling enhanced access to UK educational resources and international certifications.
• BTEC / PearsoncoreStrategic or Co-development Partner · 6 October 2024BTEC program launch ceremony for 2025-2026 academic year held at UFE, offering internationally recognized vocational qualifications.
• Japanese Universities (multiple)moderateChannel Partner/ Reseller/ Distributor · 6 August 2024СЭЗИС delegation visited multiple Japanese universities as part of an official delegation to explore partnerships and exchange programs.
• Жонжу Их Сургууль / Chongju University (South Korea)moderateChannel Partner/ Reseller/ Distributor · 16 July 2024СЭЗИС signed a cooperation memorandum with Chongju University in South Korea for exchange programs and academic collaboration.
• Kyeonggi University (South Korea)moderateChannel Partner/ Reseller/ Distributor · 19 June 2024СЭЗИС and Kyeonggi University in South Korea signed a cooperation agreement for student exchange and academic programs.
• Canada West UniversitymoderateChannel Partner/ Reseller/ Distributor · 17 June 2024СЭЗИС and Canada West University signed a cooperation agreement for student exchange and joint academic programs.
• Canada West UniversitymoderateChannel Partner/ Reseller/ Distributor · 17 June 2024СЭЗИС and Canada West University signed a cooperation agreement for academic exchange.
• George Mason University (USA)moderateChannel Partner/ Reseller/ Distributor · 17 June 2024СЭЗИС and George Mason University signed a cooperation agreement for academic exchange and joint initiatives.
• Dornod Siberia University of Technology and Management (Russia)minorChannel Partner/ Reseller/ Distributor · 17 June 2024СЭЗИС and Russia's Dornod Siberia University of Technology and Management exchange agreement for faculty and student mobility.
• Мандал Санхүүгийн Нэгдэл / Mandal Financial UnionmoderateStrategic or Co-development Partner · 12 June 2024Partnership for training insurance and capital market professionals through a 'Work-integrated Learning and Scholarship' program.
• Австралийн ТЕКСИЛА Коллеж / TEXILA College AustraliamoderateChannel Partner/ Reseller/ Distributor · 5 June 2024СЭЗИС and TEXILA College Australia signed a cooperation memorandum for international academic programs.
• Xiamen University (China)moderateChannel Partner/ Reseller/ Distributor · 8 May 2024Finnish Xiamen University representatives met with СЭЗИС, indicating academic exchange and collaboration discussions.
• Худалдаа Хөгжлийн Банк / Trade Development BankmoderateStrategic or Co-development Partner · 12 April 2024СЭЗИС signed an agreement with the Trade Development Bank to implement work-integrated learning programs.
• BHMS SwitzerlandmoderateChannel Partner/ Reseller/ Distributor · 7 December 2023СЭЗИС began implementing an international joint program with Swiss BHMS (Business and Hotel Management School).

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mandakh University: Private Mongolian university operating in Ulaanbaatar with business and professional programs. Competes with UFE for the same Mongolian student pool in economics and business education, particularly at the undergraduate level.
• National University of Mongolia: Mongolia's largest and oldest public research university, located in Ulaanbaatar. Competes directly with UFE for top domestic students across multiple disciplines and is the primary incumbent Mongolian higher-education peer for student recruitment and faculty talent.
• Mongolian University of Science and Technology: Major public Mongolian university focused on science, engineering, and technology in Ulaanbaatar. Competes with UFE for top secondary-school graduates and is a core comparator for STEM-leaning students weighing finance/IT programs at UFE.
• International University of Mongolia: Private Mongolian university offering business and economics programs in Ulaanbaatar. Competes directly with UFE for domestic students seeking internationally oriented business degrees in Mongolia.
• Ikh Zasag International University: Private Mongolian university in Ulaanbaatar with a focus on social sciences and business. Targets overlapping student segments with UFE in business, management, and economics programs.

Regional players

• KIMEP University: Leading private business university in Almaty, Kazakhstan, focused on business, finance, and economics with international accreditations. Closest regional peer to UFE in terms of business-school specialization within Central Asia.
• Kazakh-British Technical University: Public technical university in Almaty, Kazakhstan, with finance and economics programs. Comparable to UFE as a regionally significant post-Soviet institution serving finance/economics students in a neighboring Central Asian market.

Broad incumbents

• Singapore Management University: Established Asian university specializing in business and finance with global accreditations. Represents the broader benchmark for a finance/business-specialized university model that UFE is scaling toward within Mongolia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about University of Finance and Economics