This governing body as the driving force to promote and conduct joint alumni projects. The graduate community has almost 1,000 members, providing an important critical mass, and the scope for alumni projects has become a strategic line of work for IBEI, as well as being useful and supportive for graduates.

The creation of the Alumni Council was approved at the meeting of the Board on 22 February 2018 and the council by-laws were approved at the meeting of the Board on 23 October 2018.

The Alumni Council enables different representatives of the IBEI community to meet and ensure that its initiatives have institutional consensus, taking a wide range of perspectives into account, and bringing together different viewpoints.