Considering our university’s historical development, we can divide our development stages into three decades.
In the first decade:
Our university was founded in 1992 by the initiative of Mr. B. Sandagsuren and became one of the pioneer private institutes in Mongolia. As soon our university was established, we have set the following main goals which include to prepare well educated and professional accountants who can satisfy today’s social demands and requirements, to contribute our role to the implementation of new accounting system in Mongolia. In order to achieve these goals, we established a strong dedicated team of highly qualified professionals to provide educational services to the students. Besides our activities to carry out educational service, our university professors contributed their professional advice and direction to the establishment of Institute of Certified Public Accountants, which now becomes the main authority to grant CPA certification to the accountants in the various fields. We were engaged in the working group for developing the draft of Accounting Law and Auditing Law of Mongolia which were adopted by the Parliament of Mongolia as well as amendments of those laws. We also contributed our proposals and recommendations to the amendments of finance and taxation related laws of Mongolia. Our role to provide the tools and direction to the project on publishment of accounting-related textbooks and development of procedures for new accounting system, has been considered as significant. Within the framework of the project to introduce International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) in the accounting system in Mongolia under the finance of the Asian Development Bank, our university professors delivered training course to the accountants and financial officials from private and public sectors of Mongolia.
In the second decade:
We have worked with our great efforts to upgrade training tools and technology along with curriculum for degree programs in order to meet international standards of the universities in the world. We contacted with foreign universities and institutions and established collaboration agreements for mutual cooperation and research between Faculties of universities which are involved in similar academic programs and curriculum development, in order to improve teaching methodology, technological innovation, research and development as well as adopt cutting edge practices. As a result of these efforts, our Mandakh University was accredited at international level by the Accreditation Council for Business schools and Programs, USA (ACBSP) and became “The Best Enterprise” of the World Confederation of Businesses as well as “The Best Enterprise” of the Europe Business Assembly. Thanks to our successful cooperation with foreign universities, we have improved our curriculum for undergraduate and graduate program at international standards. We expanded our curriculum with Bachelor’s programs in Finance,Banking, IT engineering and Information system as well as Master’s degree programs in Business administration.
In the third decade:
Our vision is to become internationally recognized research university. To reach this goal, we are seeking many opportunities to expand the scope of our academic acitivities as well as scientific work. During the academic year of 2018-2019, we have commenced to run academic programs in Financial management, Banking management and Engineering economics as well as Doctorate program in Business Administration. We have established collaboration agreement with OUS Royal Academy of Economic and Technology in Switzerland to implement dual degree program at our university, in 2017. The first graduation of this dual program will be in May, 2019. Mandakh University has become first ever university in Mongolia that has implemented ISO9001:2015 Quality Management System. Our university has initiated to host the biannual international scientific conference to gather renowned scholars, scientists, doctors and researchers from the corner of the world. The 4 th international conference – Mandakh 2019 will be held on May 24-25, 2019 in Ulaanbaatar, Mongolia. We are expecting leading scientists to attend this event and contribute their papers to the conference.
Mandakh University was founded by the initiative Mr. B. Sandagsuren with name of “Turuu” Institute (with 6 teachers and 64 students)
Name of the Institute was changed as “Mandakh-C” Accounting Institute
Participated in the establishment of the Association of Mongolian Private Universities in Mongolia and was elected for its Boarding Council.
Changed its name as “Mandakh Burtgel Institute”
The first graduation ceremony was held for 41 graduates
Accredited by the Mongolian National Council for Higher Education Accreditation
The 5 th anniversary of Mandakh University
Mandakh University has had own school building.
Winner of the National Accounting Olympiad
Received a permission from the Ministry of Education and Science to run Master's Program at the university
Joined membership for Consortium of Mongolian Universities and Colleges
The first graduation ceremony of Master’s program was held for 9 graduates
Awarded with a certificate of “Best tax payer”
Joined membership of the Director's Council of the North East Asian Association of the Universities and Colleges (NAFUP).
Accredited by the Mongolian National Council for Higher Education Accreditation for the second time.
Conducted the training course for urban and rural accountants to introduce International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) into accounting system of Mongolia, financed by the Asian Development Fund.
Listed in the top 10 ranked universities in Mongolia
First enrollment of students in Accounting-English, Accounting- Information system, Software program and Information system.
New dormitory with capacity of 200 students, was commissioned.
Listed in the top 6 ranked universities in Mongolia
Opened a branch school of Mandakh University in Darkhan-Uul province.
Listed in the top 5 ranked universities in Mongolia
Awarded with a Honored Diploma of “Best university” from the Association of Mongolian Private Universities.
Branch school of Mandakh University in Darkhan-Uul province was selected as a university which implements better management system.
The 20 th anniversary of Mandakh University
Hosted the first international scientific conference dedicated to the 20 th anniversary of Mandakh University
Established collaboration agreement with Kookmin University, Republic of Korea.
The representatives of Tohoku University visited our Mandakh University and discussed to establish collaboration agreement between two institutions.
Mandakh University has become first ever private university in Mongolia which was accredited at international level by the USA Accreditation Council for Business Schools and Programs (ACBSP).
Signed in the MOU on cooperation with Mahasarakham University of Thailand
Mandakh University has become first ever university in Mongolia that has implemented ISO9001:2015 Quality Management System.
Organized the 3rd International Scientific Conference and the conference was attended and presented papers on related issues by the university scholars and professors not only from Mongolia but also from Russia, Thailand, Japan and Republic of Korea.
Awarded with Honored Diploma of the Winner of the Best Enterprises by the Europe Business Assembly.
Mandakh University has been accredited by the Mongolian National Council for Education Accreditation at national level.
Information Technology Department has been expanded as a School of Information and Technology of the Mandakh University.
Mandakh University moved to the new building complex with modern equipped classrooms, office rooms, sport gym, canteen and library which was built in the center of Ulaanbaatar city.
Mandakh University received a title “The Year’s Best Enterprise” from the World Confederation of Businesses.
Signed in the MOU on cooperation between Mandakh University and Virginia University, USA.
Commenced to implement Doctorate program in Business Administration