The tasks of the Alumni Council are:
1) to help the School make strategic decisions;
2) to give advice based on their management experience and provide assistance to solving problems arising at the School;
3) to assist development of the relations between the School and the business sector and society;
4) for members of the Alumni Council to be a role model for the present students;
5) to contribute to the development and keeping of a positive image of the School.
List of names
| First Name | Last Name | Company | Position |
| Reet | Hääl | Estonian Leasing Association | Managing director |
| Kaia | Jäppinen | City Government | Deputy mayor |
| Urmas | Kaarlep | Pricewaterhouse Coopers Eesti | Chairman |
| Robert | Kitt | Hansapank | Chairman of the Board of Hansa Investment Funds |
| Valdur | Laid | Elion Enterprises Ltd | Chairman |
| Jaak | Leimann | Tallinn University of Technology | Professor |
| Sandor | Liive | Estonian Energy | Chairman |
| Tarmo | Noop | AS A.Le Coq | Director |
| Mari | Pedak | Citizenship and Migration Board | Director General |
| Erkki | Raasuke | Hansapank | Chairman |
| Riho | Rasmann | SBM Pank | Director General, Chairman |
| Märten | Ross | Bank of Estonia | Vice president |
| Margus | Saar | Estonian National Broadcasting | Editor-director |
| Aare | Tammemäe | Arco Vara | Chairman, financial manager |
| Toomas | Tamsar | OÜ Balti Juhtimiskonverents | Managing director |
| Liina | Tõnisson | Bank of Estonia | Board member |