Mongolian University of Science and Technology

What Mongolian University of Science and Technology does

Mongolian University of Science and Technology (MUST) is a public national university founded in 1959 and headquartered in Ulaanbaatar, Mongolia. It is the country's largest and most prestigious engineering and technology-focused higher education institution, operating 12 affiliated schools, 4 research institutes, and 294 academic programs across undergraduate, master's, and doctoral levels. The university also spans secondary education through MUST High School and KOSEN College, and operates MUST Polytechnic College and the Open Education Center for vocational and continuing education. MUST serves primarily domestic Mongolian students (14,368 enrolled) along with international students from 127 partner universities across 18 countries, and generates revenue through tuition, government funding, research grants (including Erasmus+ projects), exchange program fees, testing and certification services, and dormitory/facility rentals.

MUST's core operational infrastructure includes a Learning Management System (LMS), Student Information System (SIS), E-Office platform, and a Central Library with 315,000+ books and EBSCOhost integration. Specialized research facilities include the Non-Destructive Testing Center, Oil Refining Laboratory, Nanotechnology and Materials Science Laboratory, and Mathematical Modeling Laboratory equipped with MATLAB, Python, and deep learning tools. The university maintains 8 campuses in Ulaanbaatar and 3 provincial campuses (Darkhan, Erdenet, Dalanzadgad), and pursues the MUST-2030 strategic initiative targeting top 1000 global university ranking.

Its business model centers on tuition for engineering and science programs, supplemented by international collaboration revenue through 19 dual and double-degree programs across 5 countries, industry partnerships with Rio Tinto, Oyu Tolgoi, and MCS Group for workforce development and curriculum co-design, and research commercialization via the Technology Transfer Center. The Graduate School of Business holds ACBSP international accreditation, and the university distributes services through direct campus enrollment, international exchange programs, joint degree partnerships, online learning, and continuing education channels.

Name

Mongolian University of Science and Technology

Legal name

Монгол Улсын Шинжлэх Ухаан Технологийн Их Сургууль (Mongolian University of Science and Technology)

Website

https://must.edu.mn

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Mongolian University of Science and Technology (MUST) is Mongolia's largest national public engineering and technology university, founded in 1959 and serving 14,368 students across 12 affiliated schools and 4 research institutes via 8 Ulaanbaatar and 3 provincial campuses, with 127 international partner universities in 18 countries.

Ownership category

akta.pro rank

Product category

Higher Education (Engineering and Science)

NAICS

Colleges, Universities, and Professional Schools (6113)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Engineering & Technology Institutes (Comprehensive) (EDAHAEAA)

akta.pro secondary industries

Technical Universities with Strong Industry Partnerships (EDAHAEAG), Cooperative Education (Co-op) Technical Universities (EDAHAEAF)

Keywords

• Engineering higher education
• University degree programs
• Science and technology research
• Vocational technical training
• International student exchange

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Tuition Fees: Revenue from domestic and international student tuition across undergraduate, master's, and doctoral programs. Tuition for exchange programs varies by agreement.
2. Research Grants and Projects: Funding from government and international organizations for research activities including Erasmus+ projects and other international collaborations
3. Exchange Program Fees: Fees from student exchange programs with partner universities in Japan, China, Korea, USA, and European countries
4. Testing and Certification Services: Revenue from test center operations and student assessment services
5. Dormitory and Facility Rental: Income from student housing and facility rentals

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels8 records

Core offering

Mongolian University of Science and Technology (MUST) is Mongolia's leading national public science and technology university, offering undergraduate, master's, and doctoral degree programs across 12 affiliated schools and 294 programs in engineering, applied sciences, information technology, mining, power engineering, and business administration. The university also delivers secondary education through MUST High School, vocational training via KOSEN College, continuing education through the Open Education Center, and operates research institutes, specialized laboratories, and industry engagement programs with international partners in 18 countries.

Product overview

Mongolian University of Science and Technology (ШУТИС/MUST) is a comprehensive national engineering university operating as a multi-institutional ecosystem with 12 affiliated schools, 4 research institutes, and supporting infrastructure. The institution offers a unified educational platform spanning undergraduate to doctoral programs across engineering, technology, sciences, business, and humanities disciplines. Key product components include: MUST Learning Management System (LMS) for digital education delivery; MUST Central Library System with EBSCOhost database integration serving 315,000+ volumes; Student Information System and E-Office for administrative operations; Technology Transfer Center for innovation commercialization; Research Institutes (Light Industry, Mining, Forestry, Thermal Ecology) and 40+ specialized Research Labs and Centers (Chemical Engineering, Physics, Mathematics, Non-Destructive Testing); Graduate School of Business with ACBSP accreditation; KOSEN Technology College and Open Education Center for vocational/continuing education; MUST High School for secondary education; Industry Engagement Program with Rio Tinto/Oyu Tolgoi partnerships; Student Exchange and Erasmus+ Programs for international mobility; Joint Degree Programs with 20+ global universities; and Innovation Start-Up Support infrastructure. The MUST-2030 Strategic Initiative unifies institutional development toward top 1000 global university ranking.

Differentiator

Problem solved

Functional benefit

Brands

• MUST-KOSEN College of Technology: Five-year integrated education program after junior high school graduation, modeled after Japanese Kosen system
• MUST High School
• Open Education Center
• MUST Student Handbook

Products and services

• Undergraduate Degree Programs
• Master's Degree Programs
• Doctoral Degree Programs
• Joint Degree International Programs
• Student Exchange Programs
• KOSEN Technology College
• MUST High School
• Open Education Center
• Foreign Language Institute Programs
• Graduate School of Business (GSB)
• MUST Research Institutes
• Non-Destructive Testing Center
• Erasmus+ Projects
• Technology Transfer Center

Quantifiable outcome

• Strategic goal: Top 1000 world university ranking by 2030
• +3 more outcomes

Named customers6 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

Integration1 record

Feature7 records

Partnerships

18 partnerships are on record, tiered core and minor.

• National Center for Zoonotic Diseases (Zoonoses Center)coreStrategic or Co-development Partner · 2 July 2026Cooperation agreement signed between MUST Rector T.Namnan and Zoonoses Center Director B.Amgalanbayar for joint research and academic collaboration.
• National Central University (Taiwan)coreStrategic or Co-development Partner · 1 July 2026MOU extension for expanded cooperation including student exchange, faculty collaboration, and joint research activities. Both universities committed to strengthening academic ties.
• Rio TintocoreStrategic or Co-development PartnerPartnership with Oyu Tolgoi and MUST to establish bachelor and master degree programs in Mining Geotechnical Engineering in Mongolia.
• Oyu TolgoicoreStrategic or Co-development PartnerStudent internship program and faculty industrial attachment program for Mining Geotechnical Engineering project. Creates pathway from education to employment.
• MCS GroupminorStrategic or Co-development PartnerAnnual internship program. 13 students participated in 2023 MCS internship program.
• Chosun UniversitycoreStrategic or Co-development PartnerSummer/Winter cultural program for MUST High School students. Two-week intensive Korean language, culture, and digital education in Gwangju, South Korea.
• University of MinhocoreStrategic or Co-development PartnerErasmus ICM partnership for student and teaching mobility. Winter term deadline May 15, Spring term deadline October 15.
• IAESTEcoreChannel Partner/ Reseller/ DistributorInternational Association for Exchange of Students for Technical Experience. Provides internship placements in 80+ countries for MUST engineering students.
• Nagoya UniversitycoreStrategic or Co-development PartnerJoint Field Research Center established with MUST for geological and mining research collaboration.
• KAISTcoreStrategic or Co-development PartnerAnnual KAIST Global Workshop participation. MUST SeeWay team won special award at 2026 workshop.
• Erdenet Mining ComplexminorStrategic or Co-development PartnerErdenet Mining Complex General Director G.Yondon received MUST Honorary Doctorate.
• Seoul National University of Science and TechnologycoreStrategic or Co-development PartnerJoint degree programs in Business Administration and Mechanical Engineering.
• Freiberg Mining AcademycoreStrategic or Co-development PartnerJoint degree program in Mining exploitation technology.
• Soon Chun Hyang UniversityminorStrategic or Co-development PartnerJoint programs in Mechanical Engineering and Cyber Security.
• Hanbat National UniversityminorStrategic or Co-development PartnerJoint Mechanical Engineering degree program.
• Riga Technical UniversityminorStrategic or Co-development PartnerJoint Electronics Engineering program.
• North China Electric Power UniversitycoreStrategic or Co-development PartnerJoint programs in Thermal Power Plant Engineering, Renewable Energy, and Electric Supply.
• Moscow Technical University of Communication and InformaticsminorStrategic or Co-development PartnerJoint Information Communication Network Engineering and Wireless Communication Engineering programs.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• North China Electric Power University: Chinese public university specializing in power engineering and energy with multiple joint MUST programs in Thermal Power, Renewable Energy, and Electric Supply. Directly comparable as a specialized technical university in power/energy disciplines.
• Riga Technical University: Latvia's leading technical university and direct MUST partner with a joint Electronics Engineering program. Comparable as a polytechnic university offering engineering and technology degrees with international partnerships.
• Freiberg Mining Academy (TU Bergakademie Freiberg): German university specializing in mining, geosciences, and materials science with which MUST runs a joint degree program in Mining Exploitation Technology. Comparable as a technical university with deep mining/geology expertise — a core MUST discipline.
• KAIST (Korea Advanced Institute of Science and Technology): A leading science and technology research university and direct partner of MUST via the annual KAIST Global Workshop and joint research initiatives. KAIST serves as the aspirational benchmark for MUST's technology-focused model.
• National University of Mongolia: Mongolia's other major public research university, located in Ulaanbaatar. While MUST focuses on engineering and applied sciences, NUM is the leading comprehensive university — they directly compete for top students, faculty, and government funding within Mongolia's higher education landscape.
• Seoul National University of Science and Technology: South Korean public technology university with joint MUST programs in Business Administration and Mechanical Engineering. Comparable as a national polytechnic focused on applied engineering and industry-aligned education.
• National Central University (Taiwan): Taiwanese public research university that recently extended an MOU with MUST for student exchange and faculty collaboration. Comparable as a comprehensive technical university with strong engineering and science programs.

Regional players

• Mongolian National University of Medical Sciences: Another major Mongolian public university focused on medical and health sciences education. Operates in the same domestic market as MUST and competes for government education funding allocations.
• Mongolian University of Life Sciences: Mongolian public university specializing in agriculture, veterinary medicine, and life sciences. Comparable as a Mongolian national university with applied science focus competing for domestic student enrollment and research funding.

Broad incumbents

• Nagoya University: Japanese comprehensive research university that operates a Joint Field Research Center with MUST for geological and mining research. Comparable as a broader global research university with which MUST has deep collaboration.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/must_edu_mn
• YouTubeyoutube.com/channel/must
• Facebookfacebook.com/emust.edu.mn
• LinkedInlinkedin.com/company/mongolian-university-of-science-and-technology
• Instagraminstagram.com/must

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries23 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Mongolian University of Science and Technology