FEB UI has faced and passed various challenges, but is still able to place itself as the economics and business faculty in Indonesia. The challenges that will be faced 5 years later are certainly different from the challenges of time ago. In the past the main challenge was to build an institution in the midst of a society whose institution system is incomplete. In terms of the environment, one thing that is helpful is still low in competition level from similar educational institutions, either because it has still not existed or the presence has not been strong. The challenge ahead is how in the increasing competition between institutions of education and science paradigm shift relating to economics and business, FEB UI still survive as a Center of Excellence that is able to provide human resources for Indonesia in various capacities – from decision makers in the Government, as a professional in the business field, the intellectual community and research institutions of non-education in Indonesia.
FEB UI vision in the future is as the leading economics and business faculty in Southeast Asia and East Asia as well as the home and the place of career for teaching staff and its employees and able to produce graduates who can compete both at home and abroad. To fulfill that vision, it is required the presence of teaching staff and supporting staff who are competent.
Currently, the sciences related to economics and business (economics, management and accounting) in concept are going to change its approach towards the study of motivation and incentive behind human behavior. In this new approach, the sciences try to incorporate socio-economic, political and cultural factors that are previously much ignored. Meanwhile in terms of empirical economics, it has shifted towards policy recommendations based on evidence (experiment). Although not drastically, this shift requires adjustments to the curriculum so that education programs of FEB UI remains relevant in the community.
Until now the regular undergraduate program is still a FEB UI base for generating the productive alumni providing real contributions to the life of nation. It can also be observed at UI level, although UI’s long term vision is as a research university that is supported by the postgraduate program that produces high-quality research, up to now the regular undergraduate education and teaching is still considered as the basis of a university to do so well that produces qualified graduates.
In General, target for undergraduate education until 4 years later is to achieve a new balance between the concept/theory with empris studies/case study/lab with a reduction in the share of theory and concepts that leads to specialization/ particular specificity and the time addition of core courses to real-world analysis (deep core generalist with limited specialization). The emphasis is made on the analysis of the practical problems that demand the making of short papers or reports. This reflects the paradox from the process of globalization, when demand is becoming increasingly diverse and often changes then to keep human resources having a high adaptation power, mastery of basic sciences need to be deepened, excessive specialization in early levels will only make the process of obsolescence quickly occur.
For students who are talented and want to proceed to the higher education level, being the teaching staff or having intention to obtain a higher science can take honored class/program that will be comeed down to an essay or scientific paper, which will be a requirement of Undergraduate graduation. On this honored class, theoretical or conceptual weights will further be strengthened. This class will also equip students with some of the advanced courses which will improve the survivability if the pertinent continues education to the best universities in the US, Europe, Australia, Japan and others.
The international program is a direct answer to the high demand of the community for the international education services. This market segment is composed of parents who send their children to Australia, US and others. The success key of program is a partnership with the leading university. To be avoided is the cooperation with foreign universities which have marginal quality. The selection of the lecturers should be selective, it is not only able to speak English but also able to understand either popular culture or academic culture in cooperation partner countries. This thing needs to get attention because often students who sign up are cosmopolitan that ever have experience overseas either due to join parents or other causes. The curriculum is emphasized on core courses which allow them not only to survive but also pass well in a foreign country who became partners.
Postgraduate program in FEB UI for Master’s Degree can be differentiated into the professional line and the academic line. Although in practice, the distinction between them is often gray, in principle the academic line is more focused to generate economic and business force that is reliable and has the ability to do analysis of economic and business research. While the professional line is more emphasized on the application of economic and business theories in the real world including in decision making. The program included in the professional line is Master of Management (MM-UI), Master of Accounting and Profession (MAKSI-UI), Master of Planning and Public Policy (MPKP-UI), while the program included in the academic line is Master of Economics, Master of Management Science and Master of Accounting Science.
The market situation shows that the program of professional line is education program which is a money maker. In accordance with the rules of Economics and Business, this shows the situation of normal excess profit. It is commonplace if this situation invited maturation of professional line program from other economics faculty both from private and state universities. In terms of the location, the competition is not particularly a problem for FEB UI. The thing that needs attention is the existence of long distance classes from other universities outside Jakarta. So far, this phenomenon shows the existence of the excesses of the demand for the professional education, the Master’s degree position of professional line FEB UI is still not influenced. The advantage of long distance class from other universities up to now is probably in terms of pricing. We maintain a quality program with appropriate curriculum planning, selection of qualified lecturers as well as, maintain the discipline of the time in university. FEB UI also organizes the reputational building activities such as seminars nationally and internationally.
Regional autonomy opened up the opportunities to expand the market of Master Program of the professional line in particular MPKP. Regional autonomy at the district level needs trained economic planners to create local economic policy which takes into account the competitiveness of the region. Currently FEB UI opens long distance class. However, by utilizing the technology of distance learning, there are opportunities to expand the market by minimizing the liability physically on campus (a minimum residential requirement).
According to the regulation, master’s degree program of academic line emphasizes more on capability development of doing research at the medium stage other than the emphasis on the theoretical/conceptual understanding. In practice, the limit between the master’s degree program of academic line and professional line become blurred because the master’s degree program of academic line is also sought after by the practitioners, in addition the school fee is also lower. In general this is not a problem because the distinction between programs which task the development of science, as well as the programs that are oriented towards the profession is a duty of doctoral education program. In FEB UI officially all existing doctoral program is an academic line.
It must be recognized up to now there has been no basic research program produced by Doctoral program. The dissertation research is still in the phase of testing theories developed by foreign business and economic experts with Indonesia Data. It is still a long road that must be traveled to reach the ideal research university level where the object of the curriculum is the research outcomes of teaching staff/students both theoretical and empirical. The barriers are a source of funds and the ability of mathematical abstraction. For the source of the funds, it is probably few interested parties to finance basic research. Synergies through a special class where the core lecture of research can present the results of his/her research on the doctoral program will help the process of cross-fertilization for both parties.
The main principle we use is to maintain competitive advantage of FEB UI as an educational institution in the midst of global competition (from inside and outside the country) without forgetting the self-actualization through a transparent career that comes down to welfare of its stakeholders. We strive not to be a second-class institution that merely produces the second-class mass products, but we will strive to become the institution qualified and taken into account at the level of Asia. Personally I believe that up to this day FEB UI is still the number one of Faculty of Economics and Business in the country (supported by statistics from the REPEC website). But looking at the experience of many educational institutions and intense competition, as well as understanding that the excellence is always dynamic and if it is not maintained, it can be changed, then we remain always keep and make improvements to be better.