SDIBT(originally named China Coal Economic College) was established in December 1985 with the approval of the former Ministry of Education. It was the only finance& economics university of the former Ministry of Coal Industry. SDIBT is built by Central government and ShandongProvince together and mainly managed by ShandongProvince.In November 1997, SDIBT was successful in satisfying the requirements and standards of the undergraduate educational evaluation by the former Ministry of Education. In December 2003, the Education Ministry carried out an evaluation on the bachelor’s degree teaching standards of SDBIT and SDBIT was successful in meeting the Ministry’s required standards. In February 2003, the State Ministry of Education gave approval for the institute to change its original name into Shandong Institute of Business and Technology.

Shandong Institute of Business and Technology is located in Yantai, which is one of the “most charming city in China”. Facing the sea and against the green mountains its lovely surroundings and agreeable climate has gained for it, the high honor of being known as the “Garden and Intellectual Campus” at the provincial level. SDIBT with an area of 1,392 mu, consisting of a construction area of over 370,000 square meters, a library of 1736，500 volumes of books, and fixed assets of over RMB 50,000,000, thus has formed conditions and facilities compatible with larger educational scale.

SDIBT now has more than 1000 staff, including over 700 teachers, 100 professors and 209 associate professors; 144 doctorate degree holders (including those currently undertaking doctorate studies) and 355 master degree holders. There are 6 experts who enjoy State council special pension and more than 20 people obtaining the title of “National Excellent Teachers”, “Young and middle-aged Provincial-ranking Experts with Outstanding Contribution”, “First Ten Young and Middle-aged Jurisconsults” and “Theoretic Talents in One-hundred-talent Program of Shandong Province”. SDIBT receives enrolments from all over the country. At present, there are over 18,600 students attending regular full- time courses in the day. Through the years about 90% of the students graduated from SDIBT have been able to get jobs at first attempt. Now there are 17 departments in the university: School of Management Science and Engineering, School of Business Administration, School of Accounting, School of Public Management, School of Economics, School of Statistics, School of Law, Department of Social Science, School of Foreign Studies and Literature, College of Mathematics and Information Science, College of Information and Electronic Engineering, Sino-Canada Higher Applied Technology College, College of International Business, School of International Exchanges, School of Adults Education,  Department of Sports and the Sino-Singapore Computer School . SDIBT offers 31 undergraduate programs: Business Management, Marketing, Human Resources Management, Labor and Social Insurance, Administration, Management Science, Information Management and Information System, Industry Engineering, Engineering Management, Economics, International Economy and Trade, Finance, Banking, Electronic Commerce, Law, Politics and Administration, Information and Calculating Science, Mathematics and Applied Mathematics, Computer Science and Technology, Electronic Information Engineering, Electronic Engineering and Automation, Information Engineering, Accounting, Financial Management, English, Statistics, Social Work, Auditing, Logistics Management ,Editing & Publication and Japanese . There are 13 research institutes, such as Island economics research institute, Enterprise development and creation research institute and Coal economic research institute. Nine labs have been built including Dummy Real and visualization technology lab and E-commercialCenteretc. There are four provincial key disciplines: “Management Science and Engineering”, Enterprise Management, Statistics and Constitutional Law & Administrative Law. SDIBT develops international cooperation positively and has set up a good relationship in academic exchanges and cooperation with universities from Canada, Russia, Germany, Australia, Korea, Japan, Singapore and many other countries. SDIBT has been given the approval of admitting foreign students and Sino-overseas cooperation in running schools

With 20 years’ development, SDIBT has become a comprehensive finance and economics university with major in Economics and Management, in line with 6 other main disciplines, such as Law, Arts, Business and Technology. SDIBT has been giving priority to its continued development. Oriented by teaching, focused on academic research, aimed reforms as motivation, and embracing school motto of “With Management and Economics Prosperity, Comes Wisdom and Compassion” , SDIBT has been fully implementing the strategy of “ Supported by Discipline, Strengthened by Talents, Prospered by Unique Characteristics”, at the same time, constructing peaceful campus, harmonious campus, and environmental campus actively and striving for construction of high level university of finance and economics in Shandong.