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The Faculty of Economics and Business UGM Advisory Board comprises prominent business leaders, academic leaders, corporate chiefs, and alumni. The Board provides strategic advice to the Dean and the leadership of the Faculty of Economics and Business UGM.
Advisory Board Member
Chief Executive Officer at Asakreativita
Founder and CEO at Yayasan Cinta Anak Bangsa (YCAB) Foundation
People Development and Learning Director at L'Oreal
EY Indonesia Assurance Services Partner
Professor, Arndt-Corden Department of Economics; Head, ANU Indonesia Project, Crawford School of Public Policy
President Director at PT Pupuk Indonesia (Persero)
Public Affairs, Communications, and Sustainability Director for Indonesia and PNG at Coca-Cola Europacific Partners
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Visiting Professor and Visiting Research Fellows (Year of 2022 - Now)
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Welcome to the Faculty of Economics and Business, Universitas Gadjah Mada!
The Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM) established on September 19th, 1955, is the oldest business school in Indonesia. FEB UGM is committed to always being the leading economics and business faculty in Indonesia to face global challenges. FEB UGM also strives to further develop leaders who have integrity and intelligence in society as well as contribute to facing various challenges.
FEB UGM is always committed to applying the Three Pillars of Higher Education by advancing and developing education, especially in economic and business fields in Indonesia. FEB UGM has produced more than 20.000 alumni, and currently, there are 5.500 students from all parts of Indonesia and the world, studying in various degrees of education. Equipped with more than 66 years of experience, FEB UGM will always contribute to solving both local and global challenges. To actualize our efforts, FEB UGM is supported by more than 200 lecturers who are highly competent in their field of expertise.
As a leading business school that is accredited and recognized nationally and internationally, FEB UGM has a vast network connection and is a member of various organizations, such as the Global Business School Network (GBSN), Association to Advance Collegiate Schools of Business (AACSB), Network of International Business and Economics Schools (NIBES), The Association of Asian-Pacific Business Schools (AAPBS), ASEAN University Network for Business and Economics (AUN-BE).
The quality of teaching and learning is also a major focus in faculty development. FEB UGM has proven itself to be the first state business school in Indonesia to obtain international accreditation from The Association of Collegiate School of Business (AACSB) in 2014. Continuously showing consistency in maintaining the quality, FEB UGM was awarded the extended accreditation of AACSB in 2019 and obtained the Superior and “A” accreditation from BAN-PT.
The challenges ahead will be more complex. Hence, FEB UGM will continue to strive to make the best contribution to the nation's development. Therefore, we need collaboration, synergy, and full support from all stakeholders, including students, lecturers, faculty staff, alumni, parents of students, and the wider community.
Best wishes.
Prof. Dr. Didi Achjari, M.Com., Ak., CA.
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Faculty of Economics and Business Universitas Gadjah Mada (FEB UGM) was established in 1955 as a result of the reorganization of Faculty of Law, Economics, and Social Politics.
FEB UGM has approximately 5,500 students and it is supported by more 200 faculties and professional staffs. It offers degree programs ranging from undergraduate, master, to doctoral level in the following study concentration areas, such as:
- Monetary Economics
- International Economics
- Public Economics
- Development Economics
- Finance
- Marketing
- Strategic Management and Human Resources
- Knowledge and Innovation
- Entrepreneurship
- Accounting Information System
- Auditing
- Management Accounting
- Financial Accounting
- Public Accounting and Taxation
- Sharia Accounting
The study programs are offered by Department of Accounting, Department of Economics, and Department of Management. The departments are supported by highly competent faculties, mostly having doctoral degree from reputable overseas universities. The study programs are all awarded "A" by the National Accreditation Body of Higher Education (BAN-PT). FEB UGM widely acknowledged as the best in the country for its profile, intense academic resources, system, and process.
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History of the faculty establishment
The Faculty of Economics and Business (FEB) Universitas Gadjah Mada (UGM) in Yogyakarta was established on September 19, 1955 by Decree of the Minister of Education and Culture No. 53759/Kab. Initially, economics education and teaching at Universitas Gadjah Mada was carried out by the Department of Economics, which was coordinated by the Legal Department, Faculty of Law, Economics, Social and Politics (faculty of HESP ). Starting from the 1952/1953 academic year, with the Decree of the Minister of Education and Culture No. 29512/Kab., the status of "Department" for teaching economics has been upgraded to "Section" at the Faculty of Law, Economics, Social and Politics (Faculty of HESP). In further developments, starting from the 1955/1956 academic year, the faculty of HESP was divided into 3 faculties, namely the Faculty of Law, Faculty of Economics, and Faculty of Social Politics, all of which occupied the Yogyakarta Palace Hall. After several years of occupying the Palace Hall, starting in 1958, the Faculty of Economics UGM moved to Bulaksumur and occupied part of the Universitas Gadjah Mada Central Administrative Building. In January 1989, the Faculty of Economics moved again and began to occupy a new building on Humanities street which continues to be used today.
The change in the name of the Faculty of Economics UGM to the Faculty of Economics and Business UGM is to fulfill the goal of going international. The faculty considers it necessary to use terms that apply internationally which make it easier for FEB to adapt in the international community, without any confusion between the name of the faculty and the study programs or departments under the faculty. This name change was stated in the Decree of the Rector of Universitas Gadjah Mada number 262/P/SK/HT/2007, dated 27 August 2007.
Along with this, the Faculty of Economics and Business UGM continues to strive to improve the quality standards of teaching, research and community service by becoming a member of a world-class business school. On March 10, 2006, the Faculty of Economics and Business UGM was registered as a member of the AACSB International - The Association to Advance Collegiate Schools of Business (AACSB). Until May 12 2014, the Faculty of Economics and Business UGM succeeded in obtaining AACSB International accreditation and became the first business school in Indonesia to be accredited.
Until now, FEB UGM organizes higher education in economics and business in 14 study programs under the auspices of 3 departments, including: (1) Bachelor in Accounting Study Program, Accountant Professional Program, Master in Accounting, Master of Science in Accounting, and Doctor in Accounting Science under the auspices of the Department Accountancy; (2) Bachelor in Economics Study Program, Masters in Development Economics, Masters of Science in Economics, and Doctor in Economics Science under the auspices of the Department of Economics; and (3) Bachelor in Management Study Programs, Masters in Management (MBA), Masters in Management (Jakarta Campus), Masters of Science in Management, and Doctor in Management Sciences under the auspices of the Department of Management.
Deans
2021-Present
Didi Achjari
2016-2021
Eko Suwardi
2012-2016
Wihana Kirana Jaya
2008-2012
Marwan Asri
2007-2008
Lincolin Arsyad
2004-2007
Ainun Na'im
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Mission
We nurture future-ready leaders in economics and business to foster sustainability.
Vision
To be the leading faculty of economics and business.
Keywords in Mission:
- Nurture: We educate, train, and develop learning participants in an integrated process with learning inside and outside the classroom, soft skills development activities, career preparation, and student wellness facilities.
- Future-ready Leaders: Graduates have leadership potential with integrity, competence and innovation to formulate solutions to current problems and the dynamics of future challenges. Graduates have the ability to improve the skills needed for future jobs (future skills in the form of self-leadership, digital fluency, critical and design thinking, resilience and entrepreneurship for future works), both for business organizations, government, and society on a large scale. local, national and international.
- Economics and Business: Become thought leaders in the fields of accounting, economics, and management in their development and application.
- To Foster: Initiating, encouraging, and carrying out activities that have a societal impact on business, government, and society.
- Sustainability: Focus on research and engagement activities that are oriented towards sustainability aspects including poverty alleviation, inequality reduction, circular economy, green and blue economy, green accounting, green entrepreneurship, small and medium enterprises, and sustainability management.
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