Universitas Gadjah Mada
Faculty of Economics and Business

The Master in Management Study Program, Faculty of Economics and Business, Universitas Gadjah Mada (MM FEB UGM) Jakarta Campus has again achieved the title of Unggul (Excellent) from the Institute of Accreditation for Economics, Management, Business, and Accounting Programs (LAMEMBA).

This accreditation status is valid from April 30 2024-April 30 2029. Five years previously, the MM FEB UGM Jakarta Campus study program received Excellent accreditation from the National Accreditation Board for Higher Education (BAN-PT). Then, in 2022, the accreditation of study programs at FEB UGM will switch to an independent accreditation institution (LAMEMBA).

LAMEMBA is an accreditation institution tasked with carrying out the accreditation process for study programs in the fields of economics, management, business and accounting. This institution was initiated by the Indonesian Economic Scholars Association (ISEI), The Institute of Indonesia Chartered Accountants (IAI), and the Association of Faculty of Economic and Business Indonesia (AFEBI).

"Achieving superior accreditation from LAMEMBA is proof that MM FEB Jakarta Campus UGM always sustainably maintains the quality of education," explained the Head of the MM FEB Jakarta Campus Study Program, Prof. Dr. Tandelilin Eduardus, M.B.A.

Excellent accreditation was obtained by the MM FEB UGM Jakarta Campus study program after going through several assessments. There are nine LAMEMBA assessment criteria: vision, mission, goals and strategies, civil service, governance and cooperation, students, human resources, finance, facilities and infrastructure, education, research, community service, tri dharma outcomes and achievements.

Before obtaining accreditation, the MM FEB UGM Jakarta Campus study program received a LAMEMBA visitation on January 8 and 9, 2024. During the visitation, Prof. Dr. Aurik Gustomo, S.T. M.T., and Prof. Wiwiek Rabiatul Adawiyah, M.Sc., Ph.D., were present as assessors. The visitation went smoothly with solid support from lecturers, alumni and students who were also present and had direct dialogue with the assessors. Strong support also came from partners who attended the dialogue separately.

Tandelilin said that the MM FEB UGM study program has established itself as one of Indonesia's superior programs and leading management education providers. This achievement cannot be separated from the vision to become a leading graduate-level business school for developing strategic business leaders who are moral, ethical, visionary, and have strong knowledge in advancing business knowledge and promoting sustainable business practices. This is supported by a strong commitment from faculty and staff to achieving educational management quality standards.

"Quality has become our tradition based on UGM's heritage and reputation," said Tandelilin.

The MM FEB UGM Jakarta Campus study program has four Master of Business Administration programs. This study program has a robust alumni network, partnerships with extensive industry, and an international network with more than 40 partner universities abroad. One strategic collaboration is being established by implementing the double degree MBA FEB UGM program with 15 partners in Europe, Australia and Asia, including the NUS Master of Science in Venture Creation. Next, student exchanges will be held with 34 world universities, including the Rotterdam School of Management and Erasmus University, Netherlands. Apart from that, holding summer courses with various world universities, including the University of Antwerp.

The MM FEB UGM Jakarta Campus study program has also succeeded in showing that the quality of education in Indonesia can compete globally and is on par with well-known universities abroad. Apart from accreditation from LAMEMBA, the MM FEB UGM study program has also been internationally accredited by the Association to Advance Collegiate Schools of Business (AACSB). Then, it achieved first place in Indonesia and 25th in Asia in the Thought Leadership category of the QS World University Ranking.

As part of FEB UGM, the MM FEB Jakarta Campus study program is strongly committed to continuing to support the implementation of the faculty's mission in developing future leaders in economics and business. Achieving superior LAMEMBA accreditation and AACSB international accreditation as well as strategic collaboration with overseas partners, the MM FEB UGM study program in the future will continue to improve the quality of higher education in Indonesia and contribute actively to supporting the development of professional and quality human resources.

Reportage: Kurnia Ekaptiningrum