Institute of Finance and Economics

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What does wisdom mean to you? For the Institute of Finance and Economics in Ulaanbaatar, wisdom holds a value beyond measure. The Institute’s motto, “Wisdom is the wealth of highest value”, echoes through its halls, a testament to its dedication to fostering not just financial prowess but intellectual growth. Nestled on the banks of the Selbe River, in the heart of Ulaanbaatar, the Institute of Finance and Economics boasts a rich history. Established in 1924, it began its journey as the School of Custom’s Officers. Over time, it adapted and grew, transforming into the School of Accounting in 1931. After World War II, it broadened its horizons further, becoming the College of Finance and Economics in 1946. The Institute of Finance and Economics as we know it today came into being on August 16, 1991, marking a new era of postgraduate studies and specialized subjects. While the Institute didn’t officially become a university until 2016, its impact on Mongolia’s educational landscape predates this transition. This institution has played a pivotal role in shaping the nation’s economic and financial landscape for almost a century. It stands as a testament to the enduring power of knowledge and its ability to transform lives and nations.

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