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The IFE has been internationally accredited 2-May-2012
The IFE was internationally accredited by the decision of ACBSP's Board of Commissioners and the formal accreditation statement of IFE was received on 1, May 2012 due to the fact that IFE has met all the requirements and criterion of ACBSP (Accreditation Council for Business Schools and Programs). Thus, the IFE was firstly and internationally accredited among universities in Mongolia. Further details could be clarified through the link of ACBSP http://www.acbsp.org/p/cm/ld/fid=107&rgn=8.
The IFE administration
Congratulations to all IFE faculty, staff and students
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The USA evaluators are working at Institute of Finance and Economics 12-March-2012
The quality of educational institutions is assured through an accreditation that is awarded by an accreditation body. This decision of accreditation body is based on the assessment of institution's self-study report and the report of independent evaluation team, which evaluates whether the institution has developed an academic quality management system and that the mechanisms and systems for continuous improvement are in place in accordance with the established standards.
In 2008, the Institute of Finance and Economics (IFE) became a member of Accreditation Council of Business Schools and Programs (ACBSP), a well- known international accreditation agency, recognized and authorized by US Department of Education and the Council of Higher Education Accreditation. IFE submitted its self-study report to ACBSP at the beginning of this year. To follow up on this self-study, a three-member team, appointed by the ACBSP is visiting the IFE on March 11-14, 2012.
The team members are Dr. Diane Bandow, Associate Professor and Chair of Management at Troy University, Atlanta, Georgia, USA (team leader), Dr. John Shoemaker, President, American Informatics Inc. USA and Dr. Bruce Corrie, Professor and Dean of College of Business at Concordia University, Minneapolis, St Paul area, Minnesota, USA.
The main duties of this independent evaluation team are verifying the information in the self-study report and evaluating the relevant programs of IFE to help determine whether the standards for accreditation have been met. The team members will conduct interviews with representatives of IFE including faculty, staff, students, alumni, and employers to gain a deeper understanding of IFE activities. Independent evaluators will not make any decision on accreditation, but will develop a report to ACBSP based on their assessment of whether the standards are met or not by IFE. The report will be considered among other things at ACBSP accreditation council meeting in April 2012.
It is the time that the results of last four years' hard work and efforts by IFE in support of maintaining a continuous quality management system will be evaluated. The IFE has been informing the students, faculty and staff, alumni, employers, and journalists on the process of accreditation. The IFE will be the first Mongolian higher education institution that will be recognized in the USA and worldwide if accreditation decision is positive.
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Mentor Bruce Stetar visits the IFE
October, 2008 - Institute of Finance and Economics was approved to enter Candidacy for Accreditation with the Accreditation Council for Business Schools and Programs (ACBSP) and was awarded a Certificate of Candidacy for Accreditation on April 6, 2010 in Ulaanbaatar, Mongolia.
The Institute of Finance and Economics has been assigned a mentor –Mr. Bruce Stetar who is guiding the school through the accreditation process.
Mr.Bruce Stetar visited the IFE on October 25-27, 2011. During his visit, Bruce Stetar held meetings with the accreditation preparation team and administration staff and provided assistance regarding a self-study process. |
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Halloween Celebration at IFE
On October 27, 2011 students from the Handong and Taiwan Joint programs' celebrated "Halloween" for the first time at IFE. There were over 60 joint program students and faculty in attendance. Faculty members Ganzul.G and Tim.M helped to decorate the hall.
During the celebration teacher Tim shared the history of Halloween and students had several competitions such as bobbing for apples, pumpkins carving and dancing. Mr. Tim demonstrated how to make Jack-O-Lanterns.
Students and teachers had fun and first year students have a strong desire to make next year's Halloween bigger and more interesting.
Thanks to the Teachers Ganzul.G, Tim.M, Dolgormaa.J, Program Director, and others for helping.
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Congratulations, Tuguldur.E !
On behalf of the students, faculty and staff of the IFE, we would like to congratulate Tuguldur.E, Sambo Master of Sport and Candidate Master in judo, who is a first year Business Management student in the International Joint and Exchange Program with Dalian University, China, on successful participation and a fifth place finish in the World Sambo Junior Championships held in Riga, Latvia from October 12 to October 17, 2011, and wish him continued success. Athletes from 17 countries competed in the tournament.
Previously, he won a bronze medal in the 2010 World Sambo Junior Championships Tbilisi, Georgia, and now he has already begun his training in anticipation of the East Asian Sambo Championships, which will be held in Incheon, Korea in 2012. |
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Oath Ceremony at IFE
Freshman students' Oath Ceremony was held on October, 1, 2011 at IFE. Also the faculty who joined the IFE this academic year took oath. It is celebrated as a traditional ceremony at IFE every year. |
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Graduation Ceremony at IFE.
On September 12, 2011 a graduation ceremony for Joint program students was held at the IFE. Eleven students from Dalian University and nine students from Handong Global University were awarded Bachelor's degrees and diplomas in Business Management from the IFE. Previously, they had received the Bachelor degree from the above mentioned universities. |
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International Accreditation Workshop at IFE.
Within the framework of preparation for ACBSP accreditation, a three-day workshop for the faculty and staff was organized at the IFE. On the request of the IFE, Dr. R Nandagopal - a Director of PSG Institute of Management, Coimbatore, India, and Assistant Professor Ajith Sankar R N shared their experiences with the ASBSP accreditation process.
PSG Institute of Management was awarded ACBSP accreditation in 2010. This school is the first institute in India to be accredited by the ACBSP. During the visit of the professors to IFE, the Director of PSG Institute Dr. R Nandagopal and the President of the IFE Dr. D. Batjargal signed a Memorandum of Understanding on cooperation between the schools. |
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