Furthermore, on 3 October 1961, Malang College of Economics became a part of University of Brawijaya called Faculty of Economics, University of Brawijaya (FEUB) in which it is also one of foundation faculties of University of Brawijaya (UB). Actually, the name of University of Brawijaya was given by Soekarno, the ﬁrst President of the Republic of Indonesia, through his telegram number 258/K/1961 dated 11 July 1961. Previously, the University was named Malang Kotapraja University. Then on 5 January 1963, under the legislation of Ministry Decree number 1/1963, University of Brawijaya legally became a State University. At the beginning, Faculty of Economics only had two departments named Economics and Management. Furthermore, the faculty opened a new department named Accounting Department in 1977. Up to now, there are thirteen deans who have been the chief of Faculty of Economics, University of Brawijaya (FEUB) during forty eight years since its establishment.
Faculty of Economics is one of twelve faculties within University of Brawijaya. The faculty oﬀers two programs: undergraduate and postgraduate programs. The undergraduate and postgraduate programs oﬀer three ﬁelds of study including Economics, Management, and Accounting. In 2007, the Faculty of Economics opens international undergraduate program which oﬀers three departments: Accounting, Management, and Economics. This program is established to fulﬁl the need of the global challenge. Furthermore, based on the recommendation of Senate Meeting with the leaders of the Faculty on April 2010, coordination with the leaders of the University and other faculties, Dean’s Roundtable Discussion, and also the international accreditation standards encourage Faculty of Economics to transform into Faculty of Economics and Business. This is strengthened by the Rector’s decree on Januar 14, 2011.
Faculty of Economics and Business University of Brawijaya (FEB UB) is one of the most reputable Faculties
of Economics and Business in Indonesia. It is proven by an “A” accreditation (Highest ﬁgure) from the National Accreditation Board for Higher Education in Indonesia for all departments (Accounting, Management, and Economics). In addition, Faculty of Economics and Business is also a member of AACSB International (The Association to Advanced Collegiate School of Business) and accredited by ABEST21 (The Alliance on Business Education and Scholarship for Tomorrow, a 21st century organization).
Due to the tight competition nowadays and a will to keep its commitment as a center of excellent higher education, FEB UB oﬀers International Undergraduate Program (IUP). It was established on July 25, 2007 based on Dean’s Decree No. 46A/J10.1.12/SK/2007. At the beginning, the program only oﬀers Accounting Program, and then the Management and Economics Programs were oﬀered in the next two years. As this program was established to fulﬁll the need of the global challenge therefore the medium of teaching is delivered in English.