The Faculty of Economics and Business Universitas Gadjah Mada (FEB UGM) remains committed to providing high-quality education, research, and community service. With a focus on internationalization, FEB UGM actively collaborates with prestigious institutions worldwide. In the spirit of strengthening strategic partnerships for the Master’s Double Degree Program with world-leading universities, FEB UGM is supported by the Indonesian Fund Management Institute (Lembaga Pengelola Dana Pendidikan, or LPDP).
Through the Double Degree Program, LPDP aims to prepare future leaders and professionals and promote innovation for the realization of a prosperous, democratic, and just Indonesia. Through this program, students have the opportunity to obtain two academic degrees simultaneously in one study period from two different universities—in this case, FEB UGM and its partner universities. The Double Degree Program, the result of the collaboration between FEB UGM and LPDP, offers several schemes: Regular Scholarships, Partial Scholarships, PNS/TNI/POLRI Scholarships, and Affirmation Scholarships. This scholarship is intended for master’s degree students with a maximum study period of 24 months.
This collaboration aligns with FEB UGM’s commitment to providing a global learning environment that prepares students to become future leaders in economics and business with a sustainability perspective. This initiative offers students a golden opportunity to gain international experience and deepen their cross-cultural understanding. “This collaboration is like a passport for students to become global citizens by building global networks through master’s level education. This is very much in line with FEB UGM’s mission to nurture future leaders capable of participating in the global arena,” said Bayu Sutikno, S.E., M.S.M., Ph.D., Vice Dean for Academic and Student Affairs, FEB UGM.
With the support of competent lecturers and students, modern facilities, and a strong global network, FEB UGM provides an inspiring learning environment and encourages students to realize their full potential. Through innovative educational programs, FEB UGM is committed to producing not only competent graduates but also leaders with a global vision. The Faculty of Economics and Business UGM awaits outstanding and dedicated individuals to enroll and become an integral part of the journey of developing economics and business education in Indonesia and the world!
Information on partner universities and the study programs offered, grouped by scholarship scheme classification, is available in the following table.
Regular Scholarship and Partial Scholarship
| No | FEB UGM Study Program | Partner University | Partner University Study Program | Country |
| 1 | Master in Development Economics | University of Glasgow | Center for Development Studies; Center for Economics and Finance Studies | United Kingdom |
| 2 | Master in Management | National University of Singapore (NUS) | Masters of Science Venture Creation | Singapore |
| 3 | Master in Management | The University of Melbourne | Master of Management (Marketing) | Australia |
| 4 | Master in Management | The University of Queensland | Master of Business; Master of Commerce; Master of Business and Commerce | Australia |
| 5 | Master of Science in Accounting | University of Glasgow | Accounting and Finance | United Kingdom |
| 6 | Master of Science in Economics | University of Glasgow | Center for Development Studies; Center for Economics and Finance Studies | United Kingdom |
| 7 | Master of Science in Economics | The Australian National University (ANU) | Master of Economics | Australia |
PNS/TNI/POLRI Scholarship
| No | FEB UGM Study Program | Partner University | Partner University Study Program | Country |
| 1 | Master in Development Economics | University of Glasgow | Center for Development Studies; Center for Economics and Finance Studies | United Kingdom |
| 2 | Master in Management | National University of Singapore (NUS) | Master of Science Venture Creation | Singapore |
| 3 | Master in Management | Queen Mary University of London | Master of Public Administration (MPA); Master of Science (M.Sc.) | United Kingdom |
| 4 | Master in Management | The University of Melbourne | Master of Management (Marketing) | Australia |
| 5 | Master in Management | The University of Queensland | Master of Business; Master of Commerce | Australia |
| 6 | Master of Science in Accounting | University of Glasgow | Accounting and Finance | United Kingdom |
| 7 | Master of Science in Economics | University of Glasgow | Center for Development Studies; Center for Economics and Finance Studies | United Kingdom |
| 8 | Master in Management | The University of Queensland | Master of Business and Commerce | Australia |
| 9 | Master of Science in Economics | The Australian National University (ANU) | Master of Economics | Australia |
Afirmation Scholarship
| No | FEB UGM Study Program | Partner University | Partner University Study Program | Country |
| 1 | Master in Development Economics | Hiroshima University | Master’s Course Division of Humanities and Social Sciences International Economic Program | Japan |
| 2 | Master in Development Economics | Kobe University | Master’s program, Graduate School of International Cooperation Studies | Japan |
| 3 | Master in Development Economics | University of Glasgow | Center for Development Studies; Center for Economics and Finance Studies | United Kingdom |
| 4 | Master in Management | National University of Singapore (NUS) | Master of Science Venture Creation | Singapore |
| 5 | Master in Management | Queen Mary University of London | Master of Public Administration (MPA); Master of Science (M.Sc.) | United Kingdom |
| 6 | Master in Management | The University of Melbourne | Master of Management (Marketing) | Australia |
| 7 | Master in Management | The University of Queensland | Master of Business; Master of Commerce; Master of Business and Commerce | Australia |
| 8 | Master of Science in Accounting | University of Glasgow | Accounting and Finance | United Kingdom |
| 9 | Master of Science in Economics | University of Glasgow | Center for Development Studies; Center for Economics and Finance Studies | United Kingdom |
| 10 | Master of Science in Management | Curtin University | Master of Commerce; Master of Commerce (Marketing) | Australia |
| 11 | Master of Science in Economics | The Australian National University (ANU) | Master of Economics | Australia |
Note:
Registration for batch I in 2024 has closed. Don’t miss your chance to register for the next batch. Further information regarding the registration mechanism and others can be accessed via the official FEB UGM website and the official LPDP website.
Source: Dean’s Office
Sustainable Development Goals (SDGs)

