Faculty of Business and Economics

Universitas Surabaya (UBAYA):

Website: http:/fbe.ubaya.ac.id/

The Faculty of Business and Economics (FBE) is one of the first faculties within the Universitas Surabaya (Ubaya), a private university established on March 11, 1968. Faculty of Economy campus building which were designed by Romo Y. B Mangunwijaya with friends as the architect was the combination of Penataran temple, Bentar temple, Egypt Pyramid and Indian Maya. It symbolizes progress and the superiority of Technology science with the character of Indonesian culture. It also is expected as the main value to realize Ubaya Institute’s ambition.

In its early years, the faculty lacked of infrastructure, financial, and human resources. However, the idealism and spirit of its founders (some governmental and military officer, and businessmen) and the first staffs and students, FE has been able to survive and grow to be one of the largest and the best economics faculties on the national level.

The idealism of the founders and staffs of the university was a response the challenges of accomplishing the mission of national education, which was to increase the quality of life of Indonesian people. In doing so, the founders and staffs were determined to use their own resources in order to safeguard the independence of the university/faculty.

A term of flying with our own wings has been the basic spirit of the university/faculty. In addition, the basic spirit of the university/faculty since its early years has been the unity of Indonesian youth from various social, economics, ethnic, and religious backgrounds working together in a strong brotherhood tie in the campus.

Combined with high professionalism, they have created a unique atmosphere in the campus that is the heritage of  the founders of the university. Hence, the respect toward pluralism and humanism is highly valued by all students and staff in the faculty and the university.

Due to its history, FBE has long, traditional ties with business, industrial and governmental communities as well as Indonesian society in general who are concerned with education in Indonesia. The faculty currently has about 4,500 active students in its three departments, about 100 full-time lecturers and about 70 part-time lecturers. The majority of the lecturers have postgraduates degrees (Master and PhD) graduated from various leading universities in Indonesia and overseas (US, UK, Australia, The Netherlands, and The Philippines).

Up to now, there have been more then 10,000 graduates of the faculty. The majority of them occupy senior management position in national and multinational companies, governmental agencies, become successful businessmen and work as respectable scholars in various national and international universities.

Institutionally, FBE has also worked with many large, medium, and small enterprises by providing training, research, recruitment services.


The Spirit of Faculty of Business and Economics Ubaya

FBE Ubaya is intended to be a benchmark for Higher Education institutions both nationally and internationally in terms of academics excellence, business and industrial relations and global networking. In accordance with this intention, teaching and research activities in the faculty are oriented towards actual business and economic issues in the context of national and international environments (especially Asia and Pacific regions). This has created a differentiation toward the faculty’s courses and graduates.

Faculty of Business and Economics Ubaya has a motto of: Knowledge, Wisdom and Integrity. Knowledge means that the Faculty is determined to produce graduates who have mastery in Economics, Management and Accounting theories and concepts and are able to use them in conducting business, governmental and non-profit activities. Wisdom means that the graduates are able to perform wisely with holistic perspectives when making business decisions. Integrity means that the graduates have high moral standard and are capable of being responsible to themselves, their families and their environments.


“To continuously develop the self potential and competency of Ubaya members as educated people by mastering the Business, Economics, Management and Accountancy; therefore they can take a synergic part in the development of business and industrial society in order to get a better quality of life”

That mission becomes the dynamic inspiration and motivation sources which cover the psychological condition of the university members (lecturers & students). Moreover, Faculty of Business and Economics Ubaya mission consists of the values of harmony, suitability and balance for the intellectual aspect with emotional maturity in doing managerial interaction toward the environment (with human or without human) through mastering and developing the information technology. Those values are also the strategic value in anticipating the development of business and industrial society in the globalisation era which becomes more transparent and dynamic.


Department / Study Programme

The contents of lectures in the Faculty emphasise on a combination of the perspectives of practitioners (businessmen and executives/managers) and academicians. Currently, there are three departments within the Faculty, namely: Department of Economics, Department of Management and Department of Accounting. In addition, the Faculty also offers Accounting Professional Education (PPA) programme. Each department has some concentrations where the subjects therein are designated to equip students with specific knowledge useful for them when they work in companies or run their own businesses. All departments are awarded the highest national accreditation (A) by the National Accreditation Board (Badan Akreditasi Nasional/BAN). This recognition reflects the highest quality achievement of the Faculty and its Departments.

Department / Study Programme of Economics

Focuses upon studies of macro and microeconomics and their applications in business and industrial activities both in national and international contexts. There are currently three concentrations/majors offered by the Department, namely: Investment Economics, Banking Economics and International Business.
Graduates of the Department of Economics have opportunities to pursue their careers in various fields including banking and other financial institution, economic analyst, senior management positions dealing with business strategies, businessmen/investors, national and international business and investment consulting, export and import executives, and treasury management.

Department / Study Programme of Management

Focuses on studies of how an organisation produces goods and services through a cycle of planning, directing, organizing, and controlling. There are currently six concentrations offered by the department, namely: Corporate Financial Management, Stock Market, Marketing Management, Hospitality and Tourism Management, Business Networking Management and Human Resource Management.

Graduates of the Department of Management have opportunities to pursue their careers in various fields including fund and security management, stock analysis, management consulting, marketing, market research and product development, senior executive position in their services, tourism, transportation, manufacturing and trading industries, human resource management, and in general business.

Department / Study Programme of Accounting

Focuses on studies of financial and non-financial data processing in an organisation, organisational planning and control, performance measurement, financial reporting and taxation. There are currently three concentrations offered by the Department, namely Financial Accounting, Management Accounting, and Accounting Information System.
Graduates of the Department of Accounting are expected to pursue their careers in various fields including accounting, financial management, auditing, financial analysis, accounting and tax consulting, management and accounting information system analysis, controllership, and senior management positions in financial institutions

Accounting Professional Education (PPA) Programme

The PPA programme is one of the first accounting professional programmes in Indonesia accredited by the Indonesian Ministry of Education and Indonesia Chartered of Accountants-IAI (since December 2002). The programme offers professional education for accounting graduates to obtain the accountant registration number/the status of Accountant (Ak) that can be used to pursue professional examination leading to the Certified Public Accountant (CPA). Up to 2006, this programme has successfully had 6 graduations with total 100 students.

Education Programme

1. Curriculum

Bachelor degree is the first level of degree programme under Higher Education Institution that consists of minimum study load of 144 SKS and maximum 160 SKS with the study period of 7- 14 semesters. For its bachelor degree, the Faculty of Business and Economics Ubaya determines the standard study load of 144 SKS which consist of the following subjects:

  • The Personality Development Subjects (Mata Kuliah Pengembangan Kepribadian-MPK)
  • The Knowledge and Special Skills Subjects (Mata Kuliah Keilmuan & Ketrampilan-MKK)
  • The Creative Expertise Competency Subjects (Mata Kuliah Keahlian Berkarya-MKB)
  • The Creative Attitude Subjects  (Mata Kuliah Perilaku Berkarya-MPB)
  • The Social Context Subjects (Mata Kuliah Berkehidupan Bermasyarakat-MBB)

Study Load      Economics         Management         Accounting
MPK                         8                         8                             8
MKK                       47                       53                           50
MKB                       89                       79                           60
MPB                         1                         9                           42
MBB                         6                         6                             9

Student is considered as a graduate from Bachelor Degree of Faculty of  Business and Economics Ubaya with the following conditions:
- Have completed all of the compulsory and elective subjects with the minimum cumulative of 144 SKS including Final  
  Thesis and Field Study Report (Laporan Kerja Lapangan-LKL)
- Students should decide whether to take:

  • Final thesis (6 SKS) or
  • LKL (3 SKS) + Elective subject (3 SKS)

- The minimum GPA (IPK) of 2.00
- The “D” grade results achieved are less than 20 % from total SKS taken
- The maximum number of “D” grade results achieved from the compulsory and elective subjects taken are 3 subjects
  Have achieved a minimum “C” grade result in the following subjects:

  • Religion
  • Civic Education (000141)
  • Pancasila (000101)
  • Introduction to Micro Economics (30202Z)
  • Introduction to Macro Economics (30203Z)
  • Final Thesis (30599Z) / LKL (30598Z)
  • Research Methodology (30297Z)

The study time limit for students to graduate from the faculty is 14 semesters, subject to the study evaluation process.


2. Final Thesis

a. General Requirement
Faculty of Business and Economics students are eligible to apply for their final thesis proposal if they can meet the following requirements:

For Economics students:

  • Have achieved a minimum “C” grade result for Research Methodology subject
  • Have achieved a minimum “D” grade result for Applied Econometrics subject
  • Have passed comprehensive test

For Management students:

  • Have achieved a minimum “C” grade result for Research Methodology subject
  • Have passed comprehensive test

For Accounting students:

  • Have achieved a minimum “C” grade result for Research Methodology subject
  • Have passed comprehensive test

b. Evaluation or Assessment
Content : 70%
The ability to defence the thesis 30%


3. Procedures and Academic Activities

General procedures and general academic activities that must be taken into account during the study process in Faculty of Business and Economics are as follows:
1. Academic consultation and services
2. Lectures and assistance class
3. Examination and study evaluation
4. Selection of students’ concentration/major and so on

a. Study planning and Academic consultation


  • Due to the large ratio between the number of students and the number of Academic Advisor, students are suggested to understand the Faculty of Economics academic manual
  • The difference in study planning process for first semester student and non-first semester student.

First semester student
The first semester student is requested to take the package of 20 SKS that consists of the following subjects:

  • Introduction to Business 3 SKS
  • Introduction to Microeconomics 3 SKS
  • Introduction to Macroeconomics 3 SKS
  • Mathematics for Economics 3 SKS
  • Statistics for Business 2 SKS
  • English for Economics 3 SKS
  • Introduction to Management 3 SKS
  • Total 20 SKS

Non-first semester student
The maximum number of SKS taken depends on the individual ability that is reflected on the previous study result. Students are entitled to choose their own subjects and class parallel.

  • Students are obliged to obey Faculty of Economics’ academic guideline stated in academic book and consult with their academic advisor. The consequences of disobeying the academic guideline are the responsibility of the students
  • During the study planning period, students are obliged to complete the subject flow chart sheet until the final semester and bring the completed sheet
  • Students are obliged to obey a study planning announcement that will be informed every day till the study planning period ended. It is aimed to avoid any circumstances that may upset students
  • Academic consultation prevails as long as students are registered as Ubaya student
  • The importance of strategic study planning

b. Lecture and Assistance Class

- Lecture
    Students are required to obey the lecture’s rules and regulations as stated in The Dean Faculty of  Business and Economics Decree Letter no 828/FE/1995. The rules and regulations are as follows:

  • Be present in the classroom on time, with maximum of 20 minutes late
  • Attend the lecture in the classroom as scheduled and DPMT
  • Sign the presence sheet (DPMT) under student’s respective name and it is prohibited to sign DPMT for other students
  • Maintain orderliness and conducive atmosphere
  • Wear proper dress-code and behave politely as stated on SK Rector:

          - Participate in lecture effectively
          - Obey the consequence of SKS and Faculty of Economics lecture model. Faculty will give penalty for student
            who breaks the above rules.

    The schedules for lecture are as follows:
    (Saturday lecture is conducted for new students, only during the Student Orientation Programme (MOB) period)

    Monday to Thursday:
    07.00 – 09.30
    09.45 – 12.15
    13.00 – 15.30
    15.40 – 18.10
    18.15 – 20.45

    07.00 – 09.30
    09.45 – 11.25
    13.50 – 16.20
    16.30 – 18.10
    18.15 – 20.45

Assistance class

  • Considered as an Integral part of subjects
  • Aimed to support several subjects that require psychomotor competency and practical study
  • For participants of assistance class:

          - Assistance class is compulsory for early semester students
          - The grade of assistance class will be counted 20%-25% from mid (UTS) and/or final exam (UAS)
        - The percentage of attendance will be counted as one element that makes up the final grade of assistance class  

  • General requirements of becoming assistant are:

            - earn cumulative SKS of more than 68 SKS
            - earn cumulative GPA (IPK) > 2.75
            - earn minimum grade of B for the assisted subject
            - participate on the assistant training and evaluation workshop based on the assistant level (tutor, student  
              assistant, lecturer assistant)

Examination and Study Evaluation

1. Obey the prevailed examination rules & regulations (UTS/UAS) as well as final thesis presentation rules & regulations
    * Mid-Term/Final Examination (UTS/UAS)
       - be present in the examination room earlier with the maximum of 15 minutes late
       - Attend the examination in the classroom as scheduled and sit at the determined chair
       - Wear proper and polite dress code
       - Place bag, book and other belongings at the determined place
       - Bring valid Student ID card (KTM)
       - Cheating is prohibited
       There will be a penalty given by faculty to students who cheat during the examination.  
    * Final Thesis Presentation
       - Have settled all of administration and academic requirements
       - For male students: wear a long-sleeved shirt with tie, dark trouser and university jacket
       - For female students: wear skirt-blouse, university jacket
       - Be present on time and attend the final thesis presentation till finish
       - Have passed the comprehension test
       There will be a penalty given by faculty to students who deny the rules.
2. Understand that study evaluation of learning process must be done cumulatively (as regulated in Ubaya student guideline)

Selection of students’ concentration/major

  • Before selecting the concentration, students are required to understand the characteristics of each concentration within specific department/study programme
  • Selection must be based on student’s interest, aptitude and ability



Essential support facilities in form of hardware and software are provided by the department to assist the learning process. The facilities available are:

- Rooms and laboratories

  • Computer laboratories
  • Investment Gallery room
  • Tourism management laboratory
  • Auditorium Faculty of Economics
  • Regular air-conditioned class rooms
  • Air-conditioned class rooms with multimedia facility
  • Assistant room
  • Student Executive Board (Badan Eksekutif Mahasiswa-BEM) and Representative Student Council (Dewan Perwakilan Mahasiswa-DPM) rooms
  • Sport and culture facilities

The faculty also facilitates a number of collaborations with national and international companies, business organisation and association, international universities, and other types of organisation.  

n order to support the learning process, students could participate on:

  • The practical study activities
  • The lecturer research activities
  • The assistance class


Student organisations at Faculty of Business and Economics are:
a. Faculty of Business and Economics Student Representative Council (Dewan Perwakilan Mahasiswa-DPM)
b. Faculty of Business and Economics Student Executive Board (Badan Eksekutif Mahasiswa-BEM):
    - Economics Student Study Group (Kelompok Studi Mahasiswa-KSM)
    - Management Student Study Group
    - Accounting Student Study Group
    - AIESEC Student Study Group
    - Scientific Student Study Group
    - Radio Campus Student Study Group
    - Sport and Culture Student Study Group
    - Keluwih Student Study Group
    - Opus Student Study Group


Faculty of Business and Economics Networking Community (FENC) Ubaya

Faculty of Business and Economics Ubaya has successfully graduated many students up to now, however the Faculty realises that the alumni as if having lost connection with their Alma mater. Therefore, the Faculty felt to necessarily create a community which can be the bridge for the longing of the alumni to rejoin with the community of Faculty of Business and Economics Ubaya. Hence on March 11th 2005, the Faculty established Faculty of Business and Economics Networking Community (FENC) as the forum for the alumni of Faculty of Business and Economics Ubaya.

Hence on March 11th 2005, the Faculty established “Faculty of Economics Networking Community (FENC)” as the forum for the alumni of Faculty of Business and Economics Ubaya.

On the development, the members are not only the alumni of Faculty of  Business and Economics Ubaya but also everyone who has ever connected with Faculty of Business and Economics Ubaya, either in cooperation or the one who has ever experienced the service of Faculty of Business and Economics Ubaya.

The activities of FENC include Academic and Non Academic (practical) Seminars, Family Gathering and Business Forum. Hopefully, the existence of FENC will give benefit not only to Faculty of  Business and Economics Ubaya but also to the members.


Accounting Professional Education (PPA)

The development of accountancy profession in the world, especially in Indonesia expects the readiness of the human resources to face the global market. Hence it needs a tougher and more productive synergic between educational world and business society. Therefore, PPA becomes an urgent need.

The PPA programme Ubaya is one of the first five Indonesian universities distinguished and accredited by the Indonesian Ministry of Education and Indonesia Chartered of Accountants-IAI (since December 2002). The programme offers professional education for accounting graduates to obtain the accountant registration number/the status of Accountant (Ak) that can be used to face the rapid growth of globalisation era.

The lecturers are:

  • Highly qualified and experienced permanent lecturers at Faculty of Economics Ubaya
  • Partners from Public Accounting Office
  • Highly qualified and experienced Business Practitioners and Professional Accountants 


  • Air-conditioned lecture rooms
  • Computer lab equipped with the latest accounting application and
  • Electronic Data Processing (EDP) Audit

Centre for Professional Development (CPD)

CPD is a division under the management of Faculty of Business and Economics Ubaya which is founded with the vision of creating an improvement and giving a qualified service to society, especially business and industrial society, not only for private sector but also the government on local, regional, national and international.

In implementing the vision, CPD has a mission to bridge the potential of the members of Faculty of Economics Ubaya toward the need for human resource development in business, industrial and governmental in order to create good government and good management for the society.

Scope of Services:

1. In house Training for Public

Topics of the training can be adjusted to the needs and wants of the potential participants from business community and/or governmental agencies.  
The topics that CPD specialise on are as follows:

  • Banking sector, Monetary system, Economic development policy
  • Public or private investment
  • International Business, Export Import
  • Financial management, Stock Market
  • Budgeting
  • Accounting Information System & Management Information System
  • Accounting and Financial Management
  • Human Resource Management, Motivation, and Leadership
  • Operation Management, Factory Management
  • Supply Chain Management
  • Marketing Research and Research Methodology, Statistics
  • Entrepreneurship

2. Workshop
The Workshop covers various managerial issues, ranges from the development of master plan until problem solving process.

3. Seminar, Panel Discussion, & Interactive dialogue
The topics cover various contemporary issues happened in Business and industrial society as well as governmental agencies.
4. Site Visit
This is conducted to give inspiration and motivation to the participants through the perspective and work-field experiences useful for Business decision makers.

5. Education programme & Financial Planner Certification
Certified Financial Planner is nowadays considered as a very prestigious and high paid profession in USA, Australia and Europe. This profession is rapidly growing and now entering Singapore, Malaysia and other Asia countries including Indonesia.

A financial planner is expected to assist his/her clients in dealing with various personal financial issues through proper planning, which includes:

  • Insurance planning
  • Investment planning
  • Retirement planning
  • Education planning
  • Income tax planning
  • Estate planning

CPD FE Ubaya in collaborations with Institute Financial Planning Indonesia offers Preparation Programme for Registered Financial Planner Indonesia (PP-RFPI). Through a strong theoretical and practical foundation, the programme prepares the participants to pursue professional examination leading to the Certified Financial Planner (CFP), with the eventual outcome of becoming professional and internationally qualified Financial Planner.