University of Iceland

Front Page Business Administration Block 1

Welcome to the School of Business

The School of Business at the University of Iceland is the oldest and largest business school in Iceland. The school has been educating future managers and specialists in the field of business studies for nearly seven decades, or since 1938.

Through the years the faculty has strived to increase and impart excellent knowledge and to work with the Icelandic business sector, industry and labor market. 

The degree

The business degree from the University of Iceland is trusted and distinguished for its quality. Students gain a solid academic foundation and are encouraged to think creatively and to adopt a disciplined work ethic. As a result they graduate with a good insight into the challenges of the workplace and how to effectively work on demanding projects.

Ambitious goals

In 2006, the University of Iceland set itself the ambitious long-term goal to become one of the 100 leading universities in the world. In order to achieve that goal, the university intends to focus on outstanding research, teaching and support services. The university now works purposefully towards implementing this strategy, and has already enjoyed great success. The university applies rigorous internal quality assurance measures to all its operations. Regular external assessment demonstrates that the university is fully in line with international standards.

International cooperation

The School of Business works closely with a number of universities abroad and the curriculum and requirements are in line with the best universities. In 2014 the MBA programme achieved AMBA accreditation, which represents the highest standard of achievement in postgraduate business education and is earned by only the best programmes.

Numerous foreign students study at the department every year and some courses are taught in English to accommodate them. Currently all undergraduate and graduate programmes are taught in Icelandic only but programmes in English are scheduled to start soon.

Students are encouraged to broaden their horizons and every year a number of students from the School of Business ventures abroad to study at other universities for a semester or two.

The International Office is in charge of student exchange and assists both Icelandic students with their applications and foreign students who come to the University of Iceland.

The University of Iceland is a member of a few international networks, such as Erasmus and Nordplus. The University also has agreements with a variety of universities outside Europe, for example in the United States, Canada, Australia, Japan and Argentina.

Further information about exchange programmes for students or academics who wish to come to The University of Iceland can be found here:


The School of Business in numbers:

Active students 2016-2017

Undergraduate students: 692
Graduate students: 454
Ph.D. students: 16
Part-time students: 112
MBA students: 70
Total:  1344


Number of graduates from the School of Business 2015-2016

Bachelor degree: 170
Master´s degree 193
Ph.D. degree: 1
Total   364


Staff of the School of Business

Academic teachers: 35
Part time teachers: 16
Administration:  6
Total 57


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