Universidad EAFIT is a private, non-profit, Higher Education Institution (HEI), the main campus for which is in Medellin, northwest Colombia. In 1960, 19 visionary Colombian businessmen decided to set up a School of Management and Finance (EAF in Spanish) to train business managers and directors in the region. The EAF was the first institution in Colombia to offer a Business Administration program. In 1962, it consolidated as a Technological Institute and in 1966, it changed its name to EAFIT (the acronym in Spanish) to reflect this evolution.
The School of Management and Finance and the Technological Institute achieved Colombian Ministry of National Education recognition as the Universidad EAFIT in 1971, with the School of Management and Finance (currently School of Management (SoM)/School of Economics and Finance (SoEF)) as the primary academic unit. During the 1970s, the university opened its Master’s in Business Administration (MBA), one of the first programs of its kind in Colombia.
The School of Management now offers undergraduate degrees, graduate certificates, Master’s, and Doctoral programs, as well as provides continuing education and senior management training courses. These programs are offered at the main Medellin campus as well as at other two campuses in Bogotá (the capital of Colombia), and Pereira (mid-size city). The ongoing research, innovations (consulting and technological transfer), and outreach courses allow the institution actively contribute to the social and economic development of Colombia.