MM FEB UGM Jakarta Campus has again achieved Excellent accreditation status from The Institute of Accreditation for Economics, Management, Business, and Accounting Programs (LAMEMBA).
The accreditation status is valid from April 30, 2024, to April 30, 2029. MM FEB UGM Jakarta Campus had received Excellent accreditation from the National Accreditation Board (BAN-PT) five years prior. Then, in 2022, the accreditation of programs at the UGM Faculty of Economics and Business (FEB UGM) shifted to the independent accreditation institute (LAMEMBA).
LAMEMBA is an accreditation institute responsible for accrediting economics, management, business, and accounting programs. It was initiated by the Indonesian Economists Association (ISEI), the Institute of Indonesia Chartered Accountants (IA), and the Indonesian Association of Economics and Business Faculties (AFEBI).
“The achievement of Excellence from LAMEMBA is proof that MM FEB UGM Jakarta Campus sustainably maintains educational quality,” explained Professor Tandelilin Eduardus, the Head of MM FEB UGM Jakarta Campus.
Excellent accreditation was obtained after several assessments. LAMEMBA has nine assessment criteria, including vision, mission, objectives, and strategies; governance and cooperation; students; human resources; finance; facilities and infrastructure; education; research; community service; outputs; and achievements in the three pillars of higher education.
Before obtaining the accreditation, MM FEB UGM Jakarta Campus was visited by LAMEMBA on January 8 and 9, 2024. Professor Aurik Gustomo and Professor Wiwiek Rabiatul Adawiyah acted as assessors during the visitation.
The visitation process went smoothly with strong support from faculty members, alumni, and students who participated and engaged directly with the assessors. Strong support also came from partner institutions who participated in separate dialogues.
Professor Eduardus expressed that MM FEB UGM Jakarta Campus has established itself as one of Indonesia’s leading programs and providers of postgraduate management education.
This achievement results from the vision to become a leading postgraduate business school in developing strategic business leaders who are moral, ethical, visionary, and possess strong knowledge to advance business knowledge and promote sustainable business practices.
The strong commitment of the faculty and staff to achieving quality management education standards supports this vision.
“Quality has become our tradition based on the heritage and reputation of UGM,” emphasized Professor Eduardus.
MM FEB UGM Jakarta Campus offers four Master of Business Administration programs. It has a strong alumni network, extensive industry partnerships, and international networks with more than 40 partner universities abroad.
One of the strategic collaborations is implementing the double degree MBA program at FEB UGM with 15 partners in Europe, Australia, and Asia, including the Master of Science in Venture Creation at NUS.
Additionally, there are student exchanges with 34 universities worldwide, including the Rotterdam School of Management at Erasmus University in the Netherlands, and summer courses with various universities worldwide, including the University of Antwerp.
MM FEB UGM Jakarta Campus has also demonstrated that Indonesia’s quality of education can compete globally and is on par with renowned universities abroad. In addition to the LAMEMBA accreditation, it has also received international accreditation from the Association to Advance Collegiate Schools of Business (AACSB). It also achieved first place in Indonesia and 25th place in Asia for the Thought Leadership category in the QS World University Ranking.
As part of FEB UGM, MM FEB UGM Jakarta Campus strongly supports the faculty’s mission of nurturing future leaders in economics and business. With Excellent accreditation from LAMEMBA, international accreditation from AACSB, and strategic partnerships with foreign partners, MM FEB UGM will continue to enhance the quality of higher education in Indonesia and actively contribute to developing professional and high-quality human resources.
Author: FEB UGM
Editor: Ika