Established in 1924, University of Finance and Economics is a private higher-education institution located in the metropolis of Ulaanbaatar (population range of 1,000,000-5,000,000 inhabitants). Officially recognized by the Mongolian National Council for Education Accreditation, University of Finance and Economics (UFE) is a small coeducational Mongolian higher education institution. University of Finance and Economics (UFE) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees, doctorate degrees in several areas of study. UFE also provides several academic and non-academic facilities and services to students including a library, as well as administrative services.