Initially HAYAM WURUK PERBANAS UNIVERSITY organized an educational program called the “A” Level Bank Cadre Course for junior high school graduates and the “B” Level Bank Cadre Course for high school graduates. In addition to the existing written courses, in 1967-1968, Bank "B" Cadre Education was also held for employees and employees of banks in Surabaya, both government banks and private banks.
Subsequent developments, the "B" Bank Cadre Education became the forerunner of the PERBANAS Surabaya Banking Academy (AIP PERBANAS Surabaya) which was held on January 29, 1970 in accordance with Central PERBANAS Management Decree No. 25 / PERBANAS / 1970. The early founders of AIP PERBANAS Surabaya were: Drs. Ec. Agus Widjaja AS., Widianto Tedja, SH., Drs. S. Sidharta, and Husein Moha, SH. Then, according to DIKTI regulations regarding the implementation of higher education institutions that are not allowed to open branches in other places, in East Java the East Java Perbanas Education Foundation was established with notary deed Gusti Djohan No. 57 dated December 14, 1977, which was later renewed by notarial deed Suyati Subadi, SH No. 59 dated April 22, 1997.
In 1982 the Bachelor of Management Study Program was opened, and with a SK. Minister of Education and Culture of the Republic of Indonesia No. 0356/1982 dated 2 November 1982 and the name of the PERBANAS Surabaya Academy of Banking Sciences was changed to the Academy of Banking and Management, PERBANAS Surabaya (AIPM PERBANAS Surabaya).
In order to follow up on the Decree of the Minister of Education and Culture No. 0336/1984 dated August 9, 1984 regarding the arrangement of departments and study programs in Higher Education, through the Decree of the Minister of Education and Culture of the Republic of Indonesia No. 0510/0/1985 dated August 12, 1985, there was a change in form and name to the College of Economics PERBANAS Surabaya which held education for 2 (two) departments, namely the Department of Management and the Department of Accounting. Meanwhile, the Management Study Program (S2) was held since 2006 with Decree no 4892 / D / T / 2006.
In 2021, based on the Decree of the Ministry of Education and Culture (Kemdikbud) of the Republic of Indonesia Number: 126/E/O/2021 dated April 9, 2021, the permit to change the form of the Perbanas School of Economics in the City of Surabaya to Hayam Wuruk University of Perbanas has been received. Now, Hayam Wuruk Perbanas University has two faculties, namely: Faculty of Economics & Business and Faculty of Engineering & Design. The Faculty of Economics and Business houses 6 study programs, namely: Master of Management, Bachelor of Accounting, Bachelor of Management, Bachelor of Sharia Economics, Diploma 3 of Accounting, and Diploma 3 of Banking and Finance. Meanwhile, at the Faculty of Engineering and Design there are three new study programs, namely: Bachelor of Informatics, Bachelor of Information Systems, and Bachelor of Visual Communication Design.