Keystone logo

Study MBA in Mongolia 2024

Change currency

Basic monthly living cost

  • Rent in a shared flat

  • Share of utilities

  • Internet subscription

  • Local transportation


Sample lifestyle cost

  • Fast food combo

  • Cinema ticket

  • Pint of local beer


About Mongolia

In the 12th century, Genghis Khan founded the Mongol Empire, creating what is known today as Mongolia. This country has been ruled by various nomadic empires over the centuries, and staged its own peaceful democratic revolution in the early 1990s to become an independent state. Located in east central Asia, Mongolia is bordered by Russia and China and contains an area of over 600,000 square miles and a population of about 3 million people, making Mongolia one of the largest and most sparsely populated countries in the world. Nearly half of Mongolia’s population resides in Ulaanbaatar, the capital as well as the largest city in the nation. The official language is Mongolian, which is spoken by 95 percent of the population, but Russian, English, and Korean are also spoken by a small percentage of the people.

Business Study Options in Mongolia

Students who study business in Mongolia can earn their Bachelor, Master, or Doctorate degree in one of the few available private universities and colleges. Some of these schools offer online courses, and their business courses are accredited around the world.

What is the Cost to Earn a Business Degree in Mongolia?

The cost of earning a business degree in Mongolia can vary depending on the college or university and the amount of time it takes for a student to earn their degree. Students may be able to apply for scholarships, grants, or other financial assistance to help cover the cost of tuition and other fees. Those who chose to study business in Mongolia can expect to spend about $125 per credit hour, or nearly $4,000 per academic year.

What is the Length of an Academic Year?

An academic year in Mongolia typically consists of two semesters that each last 16 weeks. Fall semester begins in August and goes until December, and spring semester begins in February and ends in June, with breaks for holidays and local celebrations.

How Long Does it Take to Earn a Business Degree in Mongolia?

The length of time it takes to earn an undergraduate or graduate degree in Mongolia can differ depending on the specific university, program requirements, or other specifics. Some programs can be completed in as little as one year of full-time schooling, while it may take four to six years of attending school full-time to earn a Bachelor or Master degree.

Why Earn a Business Degree in Mongolia?

Deciding to study business in Mongolia can be an incredible opportunity for students to experience local culture and civilization while living in one of the most unspoiled natural surroundings in the world. Graduates can receive an education that provides fundamental business knowledge while also teaching professionalism, multiculturalism, and leadership skills.