The faculty collaborates with a variety of parties, both domestic and international. Ties to the professional sector are good, and several firms and institutions work with the faculty. Collaboration between the university, the private sector and public sector organisations is greatly rewarding for students and lecturers. Vigorous collaboration is also important for the professional sector, as the university has been the driving force of Icelandic enterprise, and still plays a key role in making Iceland internationally competitive.
The University of Iceland operates in an international environment, and the faculty collaborates with a number of international universities and research institutions in regards to research, student exchange, staff exchange, and more.
All students at the faculty are given the opportunity to complete part of their studies abroad, and a large group of international students comes to the faculty each year to study. The faculty puts a great emphasis on international relations in all of its work, and is constantly working to strengthen and bolster those ties.