International Institute of Business
Corporate brand
UnclaimedUkraine's leading business school, offering internationally accredited MBA and executive education programs since 1993.
Last updated September 26, 2026
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Overview
The International Institute of Business (IIB; Ukrainian: Міжнародний інститут бізнесу, МІБ) is a private business school based in Kyiv, Ukraine. Founded in 1993 by decree of the Cabinet of Ministers of Ukraine, in cooperation with the Ukrainian Academy of Public Administration under the President and the Central European University Foundation, it has grown into one of the country's most prominent institutions for practical business education. The school specializes in management and business administration programs aimed at business owners, top executives, and mid-level managers. IIB offers a range of MBA programs, including Executive MBA, General MBA, Ukrainian MBA, and MBA in Business Psychology, as well as international professional qualifications such as the CIM Diploma in Professional Marketing and REFA programs in operations management. It also provides corporate training and national qualification programs in areas like property valuation, land appraisal, and arbitration management. The institute has graduated over 10,000 students. A key milestone was in 2007, when IIB became the first Ukrainian business school to receive international accreditation from the Association of MBAs (AMBA) for its MBA programs. It has since maintained and renewed this accreditation. The school is also a member of prominent international associations, including the European Foundation for Management Development (EFMD), CEEMAN, and AACSB. In 2011, it was accredited by the Ministry of Education and Science of Ukraine as a higher education institution of the III level of accreditation. IIB's mission is to create value for individuals, companies, and society through practical, comprehensive management education and applied research. Its teaching approach emphasizes real business cases, international standards, and practitioner faculty. The school is headquartered in Kyiv and operates primarily in the Ukrainian market, though its programs often involve international partnerships, such as with the University of New Brunswick (Canada) and MCI Management Center Innsbruck (Austria).
History
The International Institute of Business (IIB) was founded in 1993 by a resolution of the Cabinet of Ministers of Ukraine dated 22 July 1993, in cooperation with the Ukrainian Academy of Public Administration under the President and the Central European University Foundation. Its first president was Dr. Henryk Sterniczuk, a professor of management and international business at the University of New Brunswick, Canada. In 1996, IIB launched the innovative Ukrainian Business Administration Program (UBAP), offering a second higher education in marketing and finance. The following year, it became the first accredited training center in Central and Eastern Europe for the Chartered Institute of Marketing (CIM, UK) programs. In 1998, with funding from CIDA (Canadian International Development Agency), IIB began the Canadian Business Management Program in collaboration with the MacEwan School of Business (Edmonton, Alberta). IIB received national accreditation from the Ministry of Education and Science of Ukraine in 1999. In 2000, with support from the World Bank and the State Property Fund of Ukraine, and in cooperation with London Business School, it implemented national projects "Competitiveness-2000" and "Director of the Third Millennium." In 2001, IIB became a training center for REFA International (Germany) and launched its Executive MBA program. It joined the European Foundation for Management Development (EFMD) in 2002. In 2003, IIB became a registered provider and accredited examination center for the Chartered Institute of Management Accountants (CIMA, UK). In 2004, it became the first accredited training center in continental Europe for the Chartered Institute of Public Relations (CIPR, UK). In 2005, IIB started the International MBA program in partnership with the University of New Brunswick, Canada's oldest English-language university, and joined CEEMAN (Central and East European Management Development Association). A major milestone came in 2007 when IIB became the first Ukrainian business school to have its MBA programs accredited by the Association of MBAs (AMBA). In 2008, it established the Real Estate Development Center. In 2009 and 2010, it was recognized as Ukraine's best business school, receiving the "Excellent business school" title. In 2011, it was accredited by the Ministry of Education and Science as a higher education institution of the III level of accreditation. In 2012, the Ukrainian Business Administration Program (second higher education) in Marketing and Finance ranked 12th in Eastern Europe in the Eduniversal TOP-200 Best Master Programs Worldwide. In 2013, IIB received a license from the Ministry of Education and Science to train masters in business administration. In 2014, it launched the new General MBA program. In 2015, it confirmed its AMBA accreditation. In 2016, it launched a creative business club for teenagers called "BeezzCraft." In 2017, IIB began implementing an innovative General MBA program using a carousel model of business education and extended AMBA accreditation for all MBA programs for five years. In 2018, it began cooperation with the Austrian business school MCI (Management Center Innsbruck) for the International MBA program and became a member of AACSB (Association to Advance Collegiate Schools of Business).
- 2018
Started cooperation with MCI (Management Center Innsbruck) for International MBA; became member of AACSB.
- 2017
Began innovative General MBA with carousel model; extended AMBA accreditation for all MBA programs for 5 years.
- 2016
Launched creative business club for teenagers "BeezzCraft".
- 2015
Confirmed AMBA accreditation.
- 2014
Launched new General MBA program.
- 2013
Received license from Ministry of Education and Science to train masters in business administration.
- 2012
Ukrainian Business Administration Program ranked 12th in Eastern Europe in Eduniversal TOP-200 Best Master Programs Worldwide.
- 2011
Accredited by Ministry of Education and Science as higher education institution of III level.
- 2010
Confirmed title of best business school in Ukraine, "Excellent business school 2010".
- 2009
Recognized as Ukraine's best business school, "Excellent business school 2009".
Products and positioning
Practical business education based on international standards, targeting business owners and executives in Ukraine.
Executive MBA
Program for experienced top managers and business owners.
General MBA
For mid-level managers, aspiring leaders, and entrepreneurs.
Ukrainian MBA
For specialists from various business sectors and micro-business owners.
MBA in Business Psychology
For experienced managers seeking to expand business capabilities.
International MBA
In partnership with University of New Brunswick (Canada) and later MCI (Austria).
CIM Diploma in Professional Marketing
International professional qualification from the Chartered Institute of Marketing (UK).
REFA programs
Operations management and production optimization programs from REFA International (Germany).
National qualification programs
Property valuation, land appraisal, auctioneer training, arbitration management, and insurance adjuster programs.
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