In 2004 BAFE among the first pilot HIGHER EDUCATION INSTITUTIONS of the Ministry of Education and Science of KR passed to the organization of study within Bologna Process – the translation system and accumulation of the credits and carries out training according to bachelor programs with assignment of the academic degree “Bachelor”. In 2005 master programs for the Economy and Management directions were open. Training of specialists according to the five-year program of training was at the same time conducted. Since 2009 the master program was open in the Tourism direction. At all stages of development of academy the close attention was paid to quality of education. BAFE passed the republic, the first among higher education institutions, institutional accreditation of independent accreditation agency CAMEQ and gained “The gold diploma” of quality of education.

Among pilot HIGHER EDUCATION INSTITUTIONS the academy in 2013 began training of specialists of the top skills according to the PhD program. Educational and educational process in academy is provided with the structure qualified scientific and pedagogical staff.

During existence of BAFE prepared for financial and economic spheres of 2118 graduates who now successfully work in all corners of our country and abroad.