Otgontenger University

Master in Finance

Ulaanbaatar, Mongolia

The Master in Finance at Otgontenger University is a 1.5 year long program for international students taught in English.

Introduction

Otgontenger University is a private higher education institution in Mongolia, founded in 1991. The university is known for offering a range of undergraduate and graduate programs, with a strong focus on business, law, and economics. It has distinguished itself as one of the leading private universities in Mongolia, emphasizing a student-centered learning environment and fostering international partnerships. Otgontenger University combines modern academic approaches with a commitment to developing professional skills and knowledge relevant to the Mongolian and global markets.

About the Program

An advanced master's covering finance, banking and insurance.

Graduate roles: Financier, financial manager or economist at banks and non-bank financial institutions, tax bodies, insurance organizations, educational institutions, and budget organizations / state-owned enterprises.

About the University

Founded in 1991, Otgontenger University has grown to become one of the most reputable private universities in Mongolia, offering diverse programs in fields such as law, business, and economics. The university is committed to providing high-quality education that integrates theoretical knowledge with practical skills. Through its partnerships with international universities and organizations, Otgontenger University promotes global perspectives and opportunities for its students. With a strong emphasis on research, professional development, and innovation, the university prepares students to succeed in both local and international job markets.

Accommodation

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You will need to book the accommodation after you have been accepted.

You can choose to live on campus or off campus in private accommodation.

How to Book

Register when you arrive

It’s not possible to reserve a room before arriving. You can arrive a few days before and book it.

Fees

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Application Fee
0 USD
Tuition Fee
2,500 USD per year
Tuition (local students)
2,500 USD per year
Service Fee
110 USD

Scholarships You Could Apply For at Otgontenger University

Funding relevant to this program — the university's own awards and popular scholarships for studying in Mongolia.

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· University

Erasmus Mundus Joint Masters 2027-2028

European Union (Erasmus+ Programme)

Full Ride

Master's
Open · Next: October 2026 – January 2027
· NGO

Mastercard Foundation Scholars Program 2026-2027

Mastercard Foundation

Full Ride

Bachelor's Master's PhD
Open · Next: Varies by institution
· NGO

Aga Khan Foundation Scholarship 2026-2027

Aga Khan Foundation, part of the Aga Khan Development Network (AKDN)

Tuition and living costs covered, half grant and half loan (5% yearly charge, repaid over 5 years).

Master's PhD
Open · Next: 2026-27 cycle closed; next cycle opens early 2027 (country-specific deadlines via local AKF offices).
· NGO

Rotary Foundation Global Grants Scholarship 2026-2027

The Rotary Foundation, sponsored through local Rotary clubs and districts

At least $30,000, and over $100,000 with matching from clubs, districts and the World Fund.

Master's PhD
Open · Next: Varies by district
Browse all scholarships →

Entry Requirements

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English proficiency required: IELTS 4.0-5.0 (Primary)

Minimum education level Bachelor's degree or equivalent

You need to have above average grades for the program. Exceptional - (Grade A, 70%+, GPA 3+).

All students from all countries are eligible to apply to this program.

Admissions Process

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  1. 1
    Step 1 Choose programs
  2. 2
    Step 2 Apply online
  3. 3
    Step 3 Enroll
Preparing documents

You can start your application now and send the application documents during your application. Some documents you can send later if you don’t have them right away. See document and eligibility requirements

Required documents

• Curriculum Vitae

• English Language Certificate

• Personal Statement

• Your Highest Academic Transcript (in English)

• Your Photograph

• Your Graduation Certificate (in English)

• Your Passport Copy

Application process

• Applying Online is simple in just a few steps. Learn more about the application process

• The first steps are to choose the programs, pay the application fee and upload the application documents.

• Once submitted to Global Admissions, we will review your application within 2-3 days and proceed to the university or ask you for further clarification

• After it has been processed to the university you will receive your unique application ID from each university.

• The university may contact you directly for further questions.

• We will then follow up each week with the university for updates. As soon as there is any update we will let you know. If you have made other plans, decide to withdraw / change address at any time please let us know.

• After you have been accepted you will receive your admissions letter electronically and asked to pay the non-refundable deposit to the university.

• Once you have paid the deposit the university will issue you the admissions letter and visa form to your home country.

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