One of today’s priority tasks of higher education is training specialists that can independently search for and assimilate knowledge. The paper examines independent work as a substantial factor in self-education and learning and cognitive activities in management students and covers the organization of students’ independent work in the study of foreign languages. The study demonstrates that independent work, which used to be carried out immediately during practical classes under the teacher's supervision, in consultations, or in the library can now be organized in a new educational environment. The authors analyze the forms, means, and types of independent work and propose ways to improve the process of foreign language learning by optimizing the work of management students as part of self-study using the Moodle learning management system. It is established that the independent work of management students in studying a foreign language using Moodle contributes to the development of important skills. These include obtaining necessary information and evaluating and applying the available information to effectively solve management problems and communicate in a foreign language. The efficiency of students’ independent work is found to increase when it is organized as a cohesive course created based on a methodologically organized educational information environment. The assimilation of educational material by means of Moodle in the organization of the educational process majorly increases the efficiency of learning, simplifies the perception of learning materials, increases motivation for foreign language learning, and positively affects its outcomes.