76 Best Business schools in Indonesia

Updated: March 15, 2026

Ranking by academic field

Below is a list of best universities in Indonesia ranked based on their research performance in Business. A graph of 1.27M citations received by 303K academic papers made by 76 universities in Indonesia was used to calculate publications' ratings, which then were adjusted for release dates and added to final scores.

We don't distinguish between undergraduate and graduate programs nor do we adjust for current majors offered. You can find information about granted degrees on a university page but always double-check with the university website.

1. University of Indonesia

Indonesia | Depok

For Business

#62 in Asia

#342 in the World

Acceptance Rate: 8%
Founded: 1950

2. Udayana University

Indonesia | Badung

For Business

#93 in Asia

#457 in the World

Acceptance Rate: 74%
Founded: 1962

3. Diponegoro University

Indonesia | Semarang

For Business

#105 in Asia

#499 in the World

Acceptance Rate: 10%
Enrollment: 38,503
Founded: 1957

4. Bandung Institute of Technology

Indonesia | Bandung

For Business

#115 in Asia

#528 in the World

Acceptance Rate: 8%
Enrollment: 23,848
Founded: 1959

5. Brawijaya University

Indonesia | Malang

For Business

#117 in Asia

#533 in the World

Acceptance Rate: 10%
Enrollment: 13,927
Founded: 1963

6. Bina Nusantara University

Indonesia | Jakarta

For Business

#120 in Asia

#552 in the World

Acceptance Rate: 75%
Founded: 1981

7. Gadjah Mada University

Indonesia | Sleman

For Business

#125 in Asia

#576 in the World

Acceptance Rate: 10%
Founded: 1949

8. Airlangga University

Indonesia | Surabaya

For Business

#130 in Asia

#602 in the World

Acceptance Rate: 10%
Founded: 1954

9. Telkom University

Indonesia | Bandung

For Business

#132 in Asia

#610 in the World

Acceptance Rate: 10%
Founded: 2013

10. Sebelas Maret University

Indonesia | Surakarta

For Business

#143 in Asia

#665 in the World

Acceptance Rate: 10%
Founded: 1976

11. Padjadjaran University

Indonesia | Sumedang

For Business

#154 in Asia

#723 in the World

Acceptance Rate: 10%
Enrollment: 41,412
Founded: 1957

12. State University of Malang

Indonesia | Malang

For Business

#164 in Asia

#763 in the World

Acceptance Rate: 10%
Founded: 1954

13. Bogor Agricultural University

Indonesia | Bogor

For Business

#171 in Asia

#781 in the World

Founded: 1963

14. State University of Semarang

Indonesia | Semarang

For Business

#175 in Asia

#791 in the World

Acceptance Rate: 90%
Founded: 1965

15. Tarumanagara University

Indonesia | West Jakarta

For Business

#181 in Asia

#806 in the World

Founded: 1959

16. Trisakti University

Indonesia | Jakarta

For Business

#187 in Asia

#820 in the World

Acceptance Rate: 65%
Founded: 1965

17. Indonesia University of Education

Indonesia | Bandung

For Business

#190 in Asia

#827 in the World

Acceptance Rate: 10%
Founded: 1954

18. State University of Padang

Indonesia | Padang

For Business

#193 in Asia

#833 in the World

Acceptance Rate: 10%
Founded: 1997

19. Mercu Buana University

Indonesia | Jakarta

For Business

#195 in Asia

#835 in the World

Acceptance Rate: 41%
Founded: 1985

20. Sepuluh Nopember Institute of Technology

Indonesia | Surabaya

For Business

#231 in Asia

#947 in the World

Acceptance Rate: 10%
Enrollment: 17,625
Founded: 1960

21. State University of Surabaya

Indonesia | Surabaya

For Business

#235 in Asia

#957 in the World

Acceptance Rate: 10%
Founded: 1964

22. University of North Sumatra

Indonesia | Medan

For Business

#236 in Asia

#959 in the World

Acceptance Rate: 90%
Founded: 1952

23. Islamic University of Indonesia

Indonesia | Sleman

For Business

#271 in Asia

#1052 in the World

Acceptance Rate: 15%
Founded: 1945

24. Syiah Kuala University

Indonesia | Banda Aceh

For Business

#279 in Asia

#1070 in the World

Acceptance Rate: 46%
Founded: 1961

25. Hasanuddin University

Indonesia | Makassar

For Business

#283 in Asia

#1085 in the World

Acceptance Rate: 8%
Founded: 1956

26. Sriwijaya University

Indonesia | Palembang

For Business

#318 in Asia

#1181 in the World

Acceptance Rate: 11%
Founded: 1960

27. Muhammadiyah University of Yogyakarta

Indonesia | Bantul

For Business

#319 in Asia

#1183 in the World

Acceptance Rate: 38%
Founded: 1981

28. State University of Yogyakarta

Indonesia | Sleman

For Business

#321 in Asia

#1185 in the World

Acceptance Rate: 10%
Founded: 1964

29. Mulawarman University

Indonesia | Samarinda

For Business

#346 in Asia

#1245 in the World

Enrollment: 35,268
Founded: 1962

30. Lampung University

Indonesia | Bandar Lampung

For Business

#351 in Asia

#1271 in the World

Acceptance Rate: 10%
Founded: 1965

31. Pelita Harapan University

Indonesia | Tangerang

For Business

#354 in Asia

#1275 in the World

Acceptance Rate: 20%
Enrollment: 14,564
Founded: 1994

32. Andalas University

Indonesia | Padang

For Business

#361 in Asia

#1291 in the World

Acceptance Rate: 49%
Founded: 1956

33. Petra Christian University

Indonesia | Surabaya

For Business

#366 in Asia

#1300 in the World

Founded: 1961

34. Sam Ratulangi University

Indonesia | Manado

For Business

#368 in Asia

#1302 in the World

Acceptance Rate: 24%
Founded: 1965

35. University of Mataram

Indonesia | Mataram

For Business

#387 in Asia

#1343 in the World

Acceptance Rate: 15%
Founded: 1962

36. Satya Wacana Christian University

Indonesia | Salatiga

For Business

#395 in Asia

#1365 in the World

Acceptance Rate: 30%
Founded: 1956

37. Jambi University

Indonesia | Jambi

For Business

#402 in Asia

#1381 in the World

Acceptance Rate: 80%
Founded: 1963

38. University of Riau

Indonesia | Pekanbaru

For Business

#405 in Asia

#1386 in the World

Acceptance Rate: 41%
Founded: 1962

39. Syarif Hidayatullah State Islamic University Jakarta

Indonesia | South Tangerang

For Business

#456 in Asia

#1485 in the World

Acceptance Rate: 15%
Enrollment: 31,643
Founded: 1957

40. Jenderal Soedirman University

Indonesia | Banyumas

For Business

#458 in Asia

#1487 in the World

Founded: 1963

41. State Islamic University of Yogyakarta

Indonesia | Sleman

For Business

#460 in Asia

#1496 in the World

Founded: 2004

42. Ahmad Dahlan University

Indonesia | Yogyakarta

For Business

#461 in Asia

#1497 in the World

Acceptance Rate: 73%
Founded: 1994

43. State University of Makassar

Indonesia | Makassar

For Business

#496 in Asia

#1574 in the World

Acceptance Rate: 10%
Founded: 1964

44. State University of Medan

Indonesia | Medan

For Business

#505 in Asia

#1593 in the World

Acceptance Rate: 9%
Founded: 1963

45. University of Surabaya

Indonesia | Surabaya

For Business

#510 in Asia

#1604 in the World

Founded: 1968

46. University of Bengkulu

Indonesia | Bengkulu

For Business

#514 in Asia

#1611 in the World

Acceptance Rate: 80%
Founded: 1982

47. Lambung Mangkurat University

Indonesia | Banjarmasin

For Business

#567 in Asia

#1741 in the World

Founded: 1958

48. Maulana Malik Ibrahim State Islamic University of Malang

Indonesia | Malang

For Business

#644 in Asia

#1897 in the World

Acceptance Rate: 15%
Founded: 2004

49. Tanjungpura University

Indonesia | Pontianak

For Business

#646 in Asia

#1907 in the World

Founded: 1963

50. National University, Indonesia

Indonesia | Jakarta

For Business

#687 in Asia

#1991 in the World

Founded: 1949

51. President University

Indonesia | Jababeka

For Business

#695 in Asia

#2002 in the World

Acceptance Rate: 10%
Founded: 2004

52. Parahyangan Catholic University

Indonesia | Bandung

For Business

#735 in Asia

#2084 in the World

Acceptance Rate: 20%
Founded: 1955

53. Atma Jaya Catholic University of Indonesia

Indonesia | Jakarta

For Business

#744 in Asia

#2103 in the World

Acceptance Rate: 30%
Founded: 1960

54. Halu Oleo University

Indonesia | Kendari

For Business

#776 in Asia

#2160 in the World

Enrollment: 25,032
Founded: 1981

55. Tadulako University

Indonesia | Palu

For Business

#844 in Asia

#2319 in the World

Acceptance Rate: 10%
Founded: 1981

56. University Putra Indonesia of Padang Yptk

Indonesia | Padang

For Business

#862 in Asia

#2356 in the World

Enrollment: 11,000
Founded: 2001

57. Maranatha Christian University

Indonesia | Bandung

For Business

#872 in Asia

#2375 in the World

Acceptance Rate: 10%
Founded: 1965

58. Widya Mandala Catholic University of Surabaya

Indonesia | Surabaya

For Business

#935 in Asia

#2496 in the World

Acceptance Rate: 78%
Founded: 1960

59. Wijaya Putra University

Indonesia | Surabaya

For Business

#965 in Asia

#2563 in the World

Founded: 1981

60. Pakuan University

Indonesia | Bogor

For Business

#977 in Asia

#2591 in the World

Acceptance Rate: 69%
Founded: 1980

61. Christian University of Indonesia

Indonesia | Jakarta

For Business

#1015 in Asia

#2662 in the World

Acceptance Rate: 50%
Founded: 1953

62. Soegijapranata Catholic University

Indonesia | Semarang

For Business

#1088 in Asia

#2817 in the World

Acceptance Rate: 79%
Founded: 1964

63. University of Palangka Raya

Indonesia | Palangka Raya

For Business

#1180 in Asia

#3005 in the World

Founded: 1963

64. Nusa Cendana University

Indonesia | Kupang

For Business

#1195 in Asia

#3032 in the World

Founded: 1962

65. University of Bangka Belitung

Indonesia | Pangkalpinang

For Business

#1209 in Asia

#3064 in the World

Acceptance Rate: 12%
Founded: 2006

66. Nommensen HKBP University

Indonesia | Medan

For Business

#1293 in Asia

#3258 in the World

Founded: 1954

67. Sanata Dharma University

Indonesia | Sleman

For Business

#1297 in Asia

#3271 in the World

Acceptance Rate: 29%
Founded: 1955

68. Duta Wacana Christian University

Indonesia | Yogyakarta

For Business

#1328 in Asia

#3348 in the World

Acceptance Rate: 83%
Founded: 1985

69. Bakrie University

Indonesia | Jakarta

For Business

#1406 in Asia

#3490 in the World

Acceptance Rate: 92%
Founded: 2009

70. YARSI University

Indonesia | Jakarta

For Business

#1433 in Asia

#3545 in the World

Acceptance Rate: 10%
Founded: 1967

71. Widya Gama University

Indonesia | Malang

For Business

#1444 in Asia

#3578 in the World

Founded: 1985

72. Swiss German University

Indonesia | Tangerang

For Business

#1583 in Asia

#3906 in the World

Acceptance Rate: 69%
Enrollment: 1,368
Founded: 2000

73. University of AMIKOM Yogyakarta

Indonesia | Sleman

For Business

#1660 in Asia

#4075 in the World

Enrollment: 9,928
Founded: 2010

74. State University of Papua

Indonesia | Manokwari

For Business

#1858 in Asia

#4527 in the World

Founded: 2000

75. Gunadarma University

Indonesia | Depok

For Business

#2116 in Asia

#5089 in the World

Acceptance Rate: 10%
Enrollment: 41,406
Founded: 1981

76. Surya University

Indonesia | Tangerang

For Business

#2117 in Asia

#5092 in the World

Acceptance Rate: 10%
Enrollment: 3,000
Founded: 2013

The best cities to study Business in Indonesia based on the number of universities and their ranks are Depok, Badung, Semarang, and Bandung.