Indonesia lives up to its reputation: a tropical haven with white-sand beaches, stunning islands, and a promise of a good time. However, visitors and travelers aren’t the only ones making their way to Indonesia. Despite its beauty, the country is a little-known destination. Many different cultures and dialects coexist in harmony here. As a result, it’s the ideal location for international students looking for a unique educational experience. The country has it all: delicious food, breathtaking scenery, and warm, welcoming residents.

Indonesia is a great place to study abroad. At a reasonable cost, you’ll receive a top-notch education since the country is also home to both public and private higher education institutions. Furthermore, because of the low cost of labor in South East Asia, many factories and businesses have relocated there. Increasing businesses mean an increased demand for skilled professionals. This, in turn, creates job opportunities for graduates due to the low tuition and living costs in Indonesia.

Are you thinking about going to school in Indonesia to study business? These are Indonesia’s best business schools.

Top Business Schools in Indonesia

1. Gadjah Mada University

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

Gadjah Mada University’s ultimate goal is to become Indonesia’s best business school by meeting and exceeding international expectations. In addition, it aims to develop leaders with the integrity and knowledge necessary to serve society by drawing on a thriving global network while remaining firmly rooted in local knowledge. Their research and teaching are of the highest quality, and this contributes to the advancement of knowledge.

First in the country to receive AACSB accreditation, the faculty takes great pride in its reputation as a leading provider of business education and training programs. If you don’t want a degree, the university also offers certificate programs to help you get your professional foot in the door locally and abroad; that’s why Indonesia’s best business school is Gadjah Mada University’s Business School.

As Indonesia’s first and only internationally recognized business school, the faculty and university provided support for the establishment of numerous other business schools throughout the country and continue to do so. For this reason, the faculty has a wide network of academic partners around the world who collaborate with the institute to conduct world-class research and give students the chance to broaden their worldviews.

Departments of Accounting, Economics, and Management all have courses available. These divisions are staffed with faculty who are highly qualified, with the majority holding doctoral degrees from reputable foreign institutions. The National Council for Accreditation of Teacher Education has even given all of the training programs an “A” rating. In terms of profile, academic resources, system, and process, the university is widely regarded as the best in the country.

As the number one business school in Indonesia, Gadjah Mada University’s Faculty of Economics and Business, without a doubt, lives up to its billing as the “leading economics and business school in Indonesia.”

2. Bandung Institute of Technology

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

In order to develop and disseminate business and management knowledge for business, government, and society, the school’s mission is to educate and develop innovative leaders with an entrepreneurial mindset.

The BIT’s School of Business and Management is one of the best business schools in Indonesia. Also, it relies heavily on innovation because it is a part of Indonesia’s premier technological institute. During this course, students learn how to discover new uses for existing products and services and to come up with new ideas as a result of SBM education. For their graduates to be successful as future leaders, SBM also teaches problem-solving and leadership skills to their students.

Other than giving students access to world-class education, the university’s outstanding faculty members are active contributors to the advancement of knowledge by publishing in scholarly journals. Since advisors, researchers, and entrepreneurs make up the faculty at SBM; students learn how to approach problems from a variety of perspectives, develop creative solutions, and take on leadership roles.

3. Airlangga University

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

The Airlangga University’s Faculty of Economics and Business follows as one of Indonesia’s best business schools. Using religion as a guide, this university hopes to become a global leader in economics and business education.

The faculty offers an international bachelor’s program in English as well as courses that prepare students to use English in professional settings in order to keep up with the rapidly changing and globalizing world. Additionally, it has formed alliances with numerous international organizations in order to collaborate on projects that benefit both education and research.

As a result of attending this faculty, students will have the opportunity to learn from some of Indonesia’s top academics and experts while also developing an open mind and problem-solving skills. They will also learn about ethical issues and how to remain true to their religious beliefs while doing so.

4. University of Indonesia

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

The University of Indonesia’s Faculty of Economics and Business aims to be Asia’s best business education center. Since its founding in 1950, FEB has been dedicated to making a difference in the fields of economics and business research.

The faculty is actively involved in community service in order to cultivate responsible future leaders. Research and community services also help students by giving them opportunities to become more aware of social issues and put the knowledge they’ve learned in school to use.

In the future, the university plans to increase its research output in order to better fulfill its mission as a contributor to business research, Indonesia’s growth, and societal improvement. University of Indonesia’s FEB is a great option for those looking to study business in Indonesia because it is constantly working to improve its education and develop its graduates into better leaders.

5. IPMI International Business School

The IPMI International Business School, one of Indonesia’s top business schools, is the final but equally important stop. The school places a high value on the application of theories in the real world, and its students receive both hands-on training and academic education to prepare them for this.

IPMI International Business School is Indonesia’s first school to offer all of its programs in English, as well as Indonesia’s first school to offer an international MBA. IPMI is also developing an international exchange program to help students develop a more global outlook.

IPMI values diversity and equality and welcomes students and researchers from all walks of life as the institute promises to treat everyone equally. The school has high standards for its students, and as a result, works hard to provide them with quality education and access to international experiences.

6. Bina Nusantara University

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

Bina Nusantara University (BINUS) is a well-known private university in Indonesia, established in 1974. The university’s business school is one of the leading business schools in Indonesia, having earned the prestigious AACSB International (AACSB) Accreditation. The school offers a wide range of programs at the undergraduate, graduate, and doctoral levels.

At the undergraduate level, the school offers two international programs: International Business and Business Management and Marketing. The International Business program acquaints students with international business practices as well the local nuances, with a special emphasis on topics related to ASEAN, with an immersion trip to several ASEAN countries. The Business Management and Marketing program is designed to equip students with skills in business, marketing, and entrepreneurship. To expose students to an international environment, these programs are offered in English and carry options for double degree and exchange programs.

At the graduate level, the school offers a Master of Management (MM) in Professional Business Management for professionals in the early stages of their careers who wish to master business and management strategies. What sets this program apart from its competitors is the emphasis on information technology and its increasing role in the business world.

BINUS also offers a doctoral-level program in management for those students interested in research.

7. Prasetiya Mulya University

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

Prasetiya Mulya, which translates to Noble Promise, was established by some leading Indonesian business figures and offered the country’s first MBA program in 1982. It has grown over the years and finally transformed into Prasetiya Mulya University in 2015.

Today, it responds to the need for business and management training in Indonesia through various Magister Management (MM) programs, which are its MBA equivalent. The school offers both full-time and part-time programs, designed to meet the needs of students with varying levels of work experience. The five programs offered by the school are Marketing and Finance, Business Management, Strategic Management, New Ventures Innovation, and Applied Business Analytics.

In 2005, the Prasetiya Mulya University started offering undergraduate programs. It has nine undergraduate programs and has two specifically designed for international students: Business Economics and Financial Technology.

Additionally, the school offers a doctoral program in Management and Entrepreneurship, which is an applied research-based degree to find solutions to problems in the rapidly evolving business environment and respond innovatively to market challenges.

8. Diponegoro University

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

The history of the faculty can be traced back to 1960 with the establishment of the Faculty of Economics at Diponegoro University. Its name was changed to the Faculty of Economics and Business (FEB UNDIP) in 2011. Today, the faculty offers undergraduate, graduate, and doctoral programs through its three schools: Economics and Development Studies, Accounting, and Business.

At the graduate level, the Master of Management is its oldest program, offered since 1997, followed by the Master of Accounting since 1999, and the Master of Economics program since 2000. The faculty has also had a Professional Accounting program since 2003.

All these programs are accredited and awarded “A” by Indonesia’s National Accreditation Agency for Higher Education.

The faculty has established three international undergraduate programs, which offer dual degree and student exchange arrangements and the course material is delivered entirely in English. Students can choose to study International Business, Accounting, and Economics and Finance.

Meanwhile, the doctoral program, offered since 2002, is for those interested in research in the fields of economics, management, and accounting. It is designed to equip researchers with the skill and interest to solve pressing problems within their field and produce innovative research that contributes to the field’s growth.

9. University of Sebelas Maret

The Faculty of Economics and Business (FEB UNS) is a part of one of Indonesia’s top public universities, the University of Sebelas Maret in Surakarta, and is among the top business schools in Indonesia for international students. It offers training programs at the undergraduate, graduate, and doctoral levels.

The faculty offers Bachelor’s and Master’s programs in Accounting, Management, and Economics. Apart from these, it also has a doctoral program in Economics, which is designed to help students contribute to economics, management, and accounting research. All these programs offered by the faculty come with accreditation by the country’s National Accreditation Board for Higher Education.

The faculty, which has about 3000 students annually, 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, Science Po Toulouse in France, and Curtin University in Australia.

10. University of Brawijaya

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

The history of the Faculty of Economics and Business can be traced back to 1957 with the establishment of Malang College of Economics. It then became part of the University of Brawijaya as the Faculty of Economics in 1961. The faculty grew and transformed over the years and received its current name in 2011.

Today, Brawijaya University’s Faculty of Economics and Business is one the leading business schools in Indonesia with more than 4500 students. The faculty offers undergraduate, graduate, and doctoral programs through its three departments: Management, Accounting, and Economics.

All three departments have an ‘A’ accreditation from Indonesia’s National Accreditation Board for Higher Education. It is a member of AACSB International and was recognized with accreditation by ABEST21 (The Alliance on Business Education and Scholarship for Tomorrow, a 21st-century organization.)

In addition to its regular programs, the faculty also offers international undergraduate programs in Accounting, Management, and Economics, which are delivered in English.


In conclusion, Indonesia is home to many top-notch business schools that offer excellent academic programs at all 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 have great opportunities to suit your requirements.


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!

About the Author: Hyun Lee

Hi! I am Hyun, and I am the founder at Global Scholarships. I've received a full-tuition scholarship at Birmingham-Southern College and a $1,000 Burger King Scholarship for my undergraduate degree and was offered a fully funded scholarship consisting of tuition, living stipend, and health insurance for computer science Ph.D. program at North Carolina State University. You can read more about my scholarship journey here. If you are interested, you can follow me on Linkedin where I regularly write about scholarship opportunities.

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