Founded in 1990 by Academician Levon Harutyunyan, as of 2007, it has 5400 students, 6000 alumni, 300 teachers (among them 48 Professors, 64 PhD, 12 Academicians). The university was granted state accreditation in 2001. The faculties at Yerevan Haybusak University are Medicine, Economics, Humanities and International relations.
In 2007 Yerevan Haybusak University, together with the Armenian Open University and the International Relations Institute established the International Academy of Education (IAE), an educational structure which joined the forces of the abovementioned institutions in providing higher and undergraduate education. Later that same year, the IAE high school was established. In 2010, the Roslin Design Institute joined IAE. As of 2012, the overall number of all IAE graduates is above 7.000.