Indonesia lives up to its reputation as a tropical destination with white-sand beaches, stunning islands, and a promise of a good time. However, visitors and travelers are not the only ones making their way to Indonesia. The country is also an increasingly interesting study destination, with many cultures, languages, and traditions. As a result, it can be an ideal location for international students looking for a unique educational experience. Indonesia offers delicious food, breathtaking scenery, and warm, welcoming residents.
Indonesia is a great place to study abroad. Students can find public and private higher education institutions that offer a wide range of programs, including business and management. The country’s relatively affordable living costs compared with many other study destinations can also make it appealing for international students.
Are you thinking about going to school in Indonesia to study business? These are some of Indonesia’s notable business schools.
Top Business Schools in Indonesia
1. Gadjah Mada University
Gadjah Mada University’s Faculty of Economics and Business, also known as FEB UGM, aims to develop leaders with the integrity and knowledge needed to serve society while remaining rooted in local wisdom. Its work in teaching, research, and partnerships supports the advancement of economics and business education in Indonesia.
FEB UGM became the first business school in Indonesia to earn AACSB accreditation in 2014 and later maintained the accreditation through reaccreditation. The faculty offers undergraduate, master’s, doctoral, professional, and executive development programs.
FEB UGM is no longer the only internationally accredited business school in Indonesia, but it remains one of the country’s most established business schools. It has supported the development of other business schools and maintains international partnerships that give students opportunities for exchange, dual-degree study, and broader academic exposure.
The faculty’s academic areas include Accounting, Economics, and Management. These areas support programs at multiple levels, including undergraduate, master’s, and doctoral study. FEB UGM also holds national and international accreditations, including AACSB and LAMEMBA recognition.
For students who want to study economics and business in Indonesia, Gadjah Mada University’s Faculty of Economics and Business is a strong option with a long academic tradition and international recognition.
2. Bandung Institute of Technology
The School of Business and Management at Bandung Institute of Technology, commonly known as SBM ITB, was established in 2003. Its mission focuses on educating innovative leaders with an entrepreneurial mindset and developing and sharing knowledge in business and management for the benefit of business, government, and society.
SBM ITB is one of Indonesia’s internationally accredited business schools. It earned ABEST21 accreditation in 2018 and later became AACSB accredited. As part of a leading science and technology university, SBM ITB emphasizes the connection between business, management, technology, and entrepreneurship.
Students at SBM ITB learn through approaches that emphasize innovation, problem-solving, leadership, and entrepreneurship. The school’s faculty members also contribute to research and professional practice, giving students a chance to learn from academic, advisory, research, and entrepreneurial perspectives.
3. Airlangga University
Airlangga University’s Faculty of Economics and Business is one of Indonesia’s established economics and business faculties. The faculty offers programs at the undergraduate, master’s, doctoral, and professional levels.
The faculty offers International Undergraduate Programs in areas such as Accounting, Management, and Islamic Economics. These programs are designed to give students an international learning environment and access to lecturers with international academic and professional experience.
Students at this faculty can study with academics and practitioners in economics, management, accounting, and Islamic economics. The faculty also emphasizes ethical awareness, problem-solving skills, and professional development.
4. University of Indonesia
The University of Indonesia’s Faculty of Economics and Business, known as FEB UI, has contributed to economics and business education, research, and policy development since its establishment in 1950.
FEB UI offers undergraduate, master’s, doctoral, professional, certification, and summer school programs. It is also AACSB accredited, and its Master of Management program has AMBA recognition.
The faculty is active in research, consulting, training, and community engagement. These activities give students opportunities to connect classroom learning with economic, business, and social issues in Indonesia and beyond.
FEB UI is a strong option for students looking to study business in Indonesia because of its long history, research activity, professional programs, and international accreditation.
5. IPMI International Business School
IPMI International Business School, also known as IPMI Institute, is another notable business school in Indonesia. The school emphasizes the practical application of business theories, case-based learning, and real-world projects.
IPMI is one of the pioneers of MBA education in Indonesia and is known for using a Harvard-style case-based pedagogical approach. Its current degree programs include bachelor’s programs in business-related fields and a Master of Business Administration program.
IPMI also provides international exposure through its international office, international student community, and student exchange opportunities. These experiences help students build a more global perspective while studying business in Indonesia.
6. BINUS University
BINUS University began in 1974 as a short-term computer education institution and formally became a university in 1996. BINUS Business School is one of Indonesia’s AACSB-accredited business schools and offers programs at undergraduate, master’s, and doctoral levels.
At the undergraduate level, BINUS Business School offers international programs such as International Business Management and Business Management and Marketing. These programs are designed to expose students to international business, marketing, entrepreneurship, and global learning opportunities.
At the graduate level, BINUS Business School offers Master of Management programs for professionals who want to strengthen their business and management knowledge. The school’s management programs at bachelor’s, master’s, and doctoral levels have also received strong national accreditation recognition.
BINUS also offers doctoral-level study in management for students interested in advanced research.
7. Prasetiya Mulya University
Prasetiya Mulya, which translates to “Noble Pledge,” was established by prominent Indonesian business leaders. In 1982, Prasetiya Mulya Management Institute was established and became a pioneer of MBA education in Indonesia. It later developed into Universitas Prasetiya Mulya.
Today, the university offers business and management training through several Magister Management programs, including Marketing and Finance Management, Business Management, Strategic Management, New Ventures Innovation, Applied Business Analytics, and Business Executive programs.
Prasetiya Mulya introduced its School of Business and Economics undergraduate programs in 2005. Its undergraduate business-related programs include Accounting, Business, Branding, Business Economics, Event, Hospitality Business, International Marketing, Finance and Banking, and Financial Technology.
The university also offers a Doctor in Management and Entrepreneurship program for students interested in applied research and advanced study in business and entrepreneurship. In 2026, Universitas Prasetiya Mulya also announced that it had earned AACSB accreditation.
8. Diponegoro University
The history of Diponegoro University’s Faculty of Economics and Business can be traced back to the establishment of the Faculty of Economics in 1960. It later became the Faculty of Economics and Business. Today, the faculty offers undergraduate, graduate, and doctoral programs in areas such as Management, Accounting, Economics, and related fields.
At the graduate level, the Master of Management program has been offered since 1997, followed by the Master of Accounting in 1999 and the Master of Economics in 2000. The doctoral program opened in 2002, and the Accounting Profession Program was established in 2003.
Several FEB UNDIP programs have received national and international recognition. In 2021, eight study programs were internationally accredited by FIBAA, with accreditation valid until November 25, 2026.
The faculty has international undergraduate programs that provide English-taught coursework and international academic exposure in business, accounting, economics, and finance-related areas.
Its doctoral program is designed for students interested in research in economics, management, accounting, and related fields.
9. University of Sebelas Maret
The Faculty of Economics and Business at Universitas Sebelas Maret, also known as FEB UNS, is part of Universitas Sebelas Maret in Surakarta. It offers programs at undergraduate, master’s, and doctoral levels.
The faculty offers bachelor’s and master’s programs in areas such as Accounting, Management, and Economics. It also offers a Doctoral Program in Economics, which supports research in economics, management, and accounting. FEB UNS states that all of its study programs are accredited by Indonesia’s National Accreditation Board for Higher Education.
The faculty has partnerships with international educational institutions, such as Purdue University in the United States, University of Limoges in France, University of Twente in the Netherlands, University of Portsmouth in the United Kingdom, Sciences Po Toulouse in France, and Curtin University in Australia.
10. University of Brawijaya
The Faculty of Economics and Business at Universitas Brawijaya has its roots in economics education in Malang and has developed into a faculty that offers programs through departments such as Management, Accounting, and Economics.
Today, the faculty offers undergraduate, graduate, and doctoral programs. Its Accounting Department, for example, lists undergraduate, master’s, and doctoral programs, and the faculty also offers an International Undergraduate Program.
FEB UB has pursued national and international accreditation. It is listed as an ABEST21 member, and ABEST21’s 2026 accredited schools list includes the Master Program in Economics at the Faculty of Economics and Business, Universitas Brawijaya.
In addition to its regular programs, FEB UB offers an International Undergraduate Program for students who want business and economics education with international academic exposure.
In conclusion, Indonesia is home to many business schools that offer academic programs at different levels. Whether you are looking to begin your business career or improve your skills to move up the corporate ladder, these business schools in Indonesia provide a range of opportunities to consider.
We hope that this article on Best Business Schools in Indonesia was helpful. Make sure to also check out the Available Business Programs for International Students!
