Foreign experts have for the first time recognized the quality of Russian business education

Sunday, June 26, 2022

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Foreign experts have for the first time recognized the quality of Russian business education, putting the Higher School of Business at the Moscow State Lomonosov University (MGU) on world's top 100 list and on Europe's top 40, writes Rossiiskaya Gazeta, a government daily. The ratings were compiled by the influential QS TopMBA, a leading global company conducting research and consulting in MBA education. About 4,000 recruiters working on the international labor market were asked to specify graduates of which business schools they were ready to employ. That graduates of the MGU Higher School of Business made it to the list alongside graduates of Oxford, Harvard and the London School of Economics. Professionals in the labor market are upbeat. They believe that now the world will take Russian business education more seriously. "There will be less prejudices against graduates of Russian business schools," said Anastasiya Sokolova, a leading specialist with the Lider Personal recruitment agency. The school's breakthrough inspired Russian authorities. Economic Development and Trade Minister German Gref has already endorsed the idea of the partial state financing of a high-quality MBA education. There are plans to set up two large business schools, in Moscow and St. Petersburg, with a budget of $200 million each. The money will come from the state budget and from sponsor companies that want to employ future graduates. Benefits from developing domestic MBA programs are obvious. First of all, Russia will stop feeding other countries' educational systems and will at last start investing in its own. Secondly, the more businessmen have studied, the more likely the country is of reaching its goal of doubling the GDP. After all, experts say that to support the competitiveness of its economy, Russia needs to turn out more than 300,000 MBA graduates annually.

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