History
KIMEP was founded in 1992 under the instructions of Kazakhstan President Nursultan Nazarbayev. KIMEP's campus in south-central Almaty occupied the premises of the former Central Training School of the Communist Party of Kazakhstan. KIMEP was among the first private institutions of higher education founded in the former Soviet Union. Nazarbayev appointed Chan Young Bang, his former economic advisor President, as the institute’s first Executive Director. The first MBA and MA in Economics programs were launched in 1992 and the MPA program began enrolling students in 1993. The first class, consisting of 81 MBA and MA students, graduated from KIMEP in 1994.
In 1998 the International Executive Center was created with the help of McGill University, Montreal. In 1999 KIMEP introduced its first four-year bachelor programs in Business Administration and Social Sciences. 424 students enrolled in the undergraduate program.
In 2001 KIMEP became the first institution in Central Asia to implement an American-style course credit system for all academic programs. This system gives students flexibility to choose their courses and instructors.
Over the course of the decade, KIMEP launched several new master’s degrees, a Doctor of Business Administration program, a leadership certificate and many professional programs. Enrollment increased by a factor of ten. The campus saw significant renovation, including a new library, new academic building and gym.
In 2000, Chan-Young Bang became President of KIMEP, a position he still holds today. In 2004, KIMEP became a private, non-profit educational institution, with a 60% stake held by Dr. Bang and a 40% held by the Ministry of Education and Science of the Republic of Kazakhstan.
On 2 April 2008, President Nazarbayev visited the KIMEP campus, toured the newest buildings and met with students. In 2008 the institute awarded nearly 600 bachelor's degrees and 152 master's degrees.
In 2011, the Bang College of Business received regional (level II) accreditation from the Asian Forum on Business Education . According to a statement on KIMEP's website, "the award confirms that KIMEP is two to four years from achieving the ‘gold standard’ of global business school accreditation – AASCB and EQUIS. This is in line with KIMEP’s own strategy to achieve this recognition in the next three years."
On February 8, 2012, KIMEP received confirmation from the Ministry of Justice of the Republic of Kazakhstan that its status has been changed, and the institute would now operate under the name KIMEP University. This change was effective January 26, 2012, when the ministry officially accepted the new charter of the university and issued a new certificat of state registration.
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