Shanghai University of Finance and Economics (SUFE), founded in 1917, is a top-ranked, world-renowned research university. As the oldest financial university in China, SUFE has developed its own spirit over the years. SUFE places much emphasis on being industrious, having a consciousness of all things economic, and making contributions to society. With SUFE now increasingly opening itself to the outside world, it aims to showcase this spirit as well as its outstanding teaching quality. Focusing on Applied Economics and Management Science, SUFE’s approach is multidisciplinary, utilizing elements of finance, economics, management, law and science.
(1) History
Shanghai University of Finance and Economics was founded in 1917 when a commerce program was established at the Nanjing Higher Normal School. In 1921, the program was transferred east to Shanghai and became the Shanghai College of Commerce. This university was the first commerce university on the mainland. In 1928, the university changed its name to the College of Commerce of National Central University. The school became independent of Central University in 1932 and was then called the National Shanghai Institute of Commerce. With this transition, it became the first completely independent commerce university on the mainland. In 1950, the college was again renamed, becoming the Shanghai Institute of Finance and Economics. And it became the only financial university in East China after the adjustment of faculties in the 1950s. In 1985, it adopted its present name, the Shanghai University of Finance and Economics. In 1996, SUFE joined the “211 Project,” a program to build 100 key universities, after a fierce competition, and in the same year, it also became a member of another national project to build outstanding universities.
(2) Discipline and programs
Presently, SUFE has 23 education units, including College of Business, School of Accounting, School of Finance, School of International Business Administration, School of Economics, School of Public Economics and Administration, School of Humanities, School of Law, School of Information Management and Engineering, School of Statistics and Management, International Cultural Exchange School. There are 6 first level doctoral programs, 12 first level master programs and 36 undergraduate programs, all programs focus on Applied Economics and Management Science, SUFE’s approach is multidisciplinary, utilizing elements of finance, economics, management, law and science. China’s rapid economic expansion has much impacted SUFE, which is now bustling with activity. SUFE has 1030 high-level faculty. There are totally more than 20,000 registered students, of which more than 6900 are graduate students towards master or Ph. D degrees.
(3) Academic facilities and Scientific research
Shanghai University of Finance and Economics has four campuses. The main campus, the undergraduate education hub, is on Guoding Road. The North Zhongshan No.1 Road Campus is home to MBA programs, international students and many talented professionals. The Wuchuan Road Campus is a new education base for both undergraduate and graduate students. The Wudong Road Campus is half-complete and half under construction. SUFE’s guiding principle is that scientific research is necessary for the evolution of academic disciplines and that such development in turn fosters economic growth. Accordingly, SUFE houses many dynamic think-tanks. Among the most renowned of these are the Institute of Accounting and Finance, the Institute of Finance & Economics Research, the Institute of Higher Education, the Research Center for Regional Economics, the Research Center of Public Policy, the Modern Finance Research Center, the Research Center of Marketing, the Center for Economic Philosophy Studies, the Research Center for Applied Statistics, the Research Institute of Marxism, the Institute of World Expo Economics, the Financial Education Performance Evaluation Center, and the Research Center for Top 500 Enterprises.
(4) Shanghai University of Finance and Economics Achievement
Shanghai University of Finance and Economics is among the first nine schools to be selected as an MBA Experimental Education Base and one of the first schools to set up a post-doctoral program in economics. In 1996, SUFE joined the “211 Project,” a program to build 100 key universities, after a fierce competition, and in the same year, it also became a member of another national project to build outstanding universities Moreover, all of its programs continue to exceed world standards and are imbued with modernity, internationality and cutting-edge information. SUFE has enjoyed a reputation of being the best finance and economics universities in China for many years. The university had been consistently ranked No. 1 in the “finance and economics” category in 2003, 2004, 2005, 2007 and 2008 by the Chinese university ranking (Netbig). Since 2005, the university has achieved substantial improvements in terms of research and started to gain international reputation. According to Tilburg University’s Economics Schools Research Ranking in 2012, SUFE is ranked 120th in the world, 9th in Asia and 3rd in mainland China, only after Tsinghua University and Peking University. In 2014 and 2015 the university is ranked 151-200th in economics/business category in the world by ARWU.
(5) Communication and international cooperation
Shanghai University of Finance and Economics has embraced internationalization and regularly collaborates with such institutions as the World Bank’s Economic Development Institute (EDI), the International Monetary Fund (IMF), and the United Nations Development Program (UNDP). In addition, SUFE works well with international professional organizations, such as the UK’s Association of Chartered Certified Accountants (ACCA), Canada’s Certified General Accountants (CGA), the USA’s Life Office Management Association (LOMA), the UK’s Chartered Insurance Institute (CII), and the British Insurance Actuary Association (BIAA). In addition, SUFE also cooperates with many foreign universities, including Webster University (USA), the University of Southampton (UK), the University of Brunel (UK), Deakin University (Australia), the University of Vaasa (Finland), Hong Kong Polytechnic University, and Gifu University (Japan). So far, SUFE has created six joint undergraduate programs, has signed multiple foreign-exchange agreements and has established several training centers for international examinations.
The final information is subject to the University If there is any discrepancy!