The embryo of faculty of economics and business University of Brawijaya (FE UB) was named Malang College of Economics (PTEM). PTEM was established by the foundation of Malang College of Economics on 27 June 1957 under Notary Deed No. 26 dated 15 August 1957.
In the effort of constructing and developing FE UB, both the chiefs and the entire stakeholders of FE UB in every period have to deal with different challenges and obstacles. The change of surrounding has put FE UB in demand to develop itself into an effective, efficient, productive, transparent and accountable administration for university.
In order to response changes of surrounding, scientific development as well as demand for international accreditation toward World Class Faculty, the Faculty of Economics (FE) was institutionally transformed into Faculty of Economics and Business (FEB) in accordance with the Rector UB Decree Number 018/SK/2011.