The number of international branch campuses (IBC) in Uzbekistan has grown rapidly in recent decades. The government has actively supported the establishment of these institutions with the aim of increasing access, quality, and capacity within the higher education system, as well as preparing qualified human resources for the national economy. Although the industry has matured and some IBCs have already produced several batches of graduates, the actual benefits and impacts of these institutions on the economy and society remains unclear. Therefore, this study explores the perspectives of IBC graduates on the economic impacts of international branch campuses in Uzbekistan, with a focus on human capital development.