ECONOMICS AND BUSINESS FIELDS
ECONOMICS & BUSINESS & MANAGEMENT DEGREES
Business & Management is one of the most popular fields of study, teaching you everything there is to know about running a successful business. Business and Management in Russia includes sub disciplines like Project Management, Business Administration, Finance, Marketing, Human Resource Management, and others.
A Business degree, such as an MBA or a Master’s in Management will cover all aspects related to conducting business. This includes managing and motivating your team, understanding the way the company makes money and how to reinvest it, how products are advertised and helping the company grow and develop business both at home and internationally.
When studying for a Bachelor Business Studies degree in Russia, focus is upon business and financial topics but other specific courses include themes in public relations, accounting, communications, finance, health care, marketing and others. Many programs will also allow for further specialization such as management, real estate, taxation and international funding.
During a Bachelor’s or Master’s in Business & Management, students will learn how to improve and make businesses more efficient. You will discover ways of increasing the revenue, hiring better people and knowing when to invest, and where. Your leadership skills will be highly valued, especially if your goal is to take on a management position after graduation.
The world of business is huge, and the tasks you will have while working for an enterprise can vary a lot. Your help might be needed for marketing strategies, or you will be asked to analyze the budget and see if you can reduce some of the expenses. You’ll also be in charge of projects, making sure they are completed on time and evaluating results at the end.
One thing is clear: you will have a lot of responsibilities on your shoulders. A career in management is great if you like challenges and enjoy pushing your limits. To succeed in Business & Management you’ll need a wide variety of interpersonal skills. Great leaders know how to manage teams, encourage people and help them develop.
Graduates of Business & Management in Russia can pick any career path they wish, but the most popular are: entrepreneurs, forensic accountants, project managers, bankers, international business specialists.
Economics courses in Russia examines the production, allocation, and consumption of resources, how markets function, and consumer behavior. With the global market becoming more interconnected, the demand for economics professionals continues to grow.
A Bachelor in Economic Studies in Russia will examine economics on macro and micro scales, so whether students are interested in consumption behavior of households, or the global market, students will gain a fundamental understanding of economics. Bachelor of Economics degrees focus on topics of study such as international trade and finance, economics and public policy, natural resources and the environment, and research.
Graduates of Bachelor of Economics programs in Russia can go on to entry level positions in educational institutions, financial institutions, international organizations, private sector corporations, or government, to name a few options.
A Bachelor in the field of Economics may be the degree waiting for you. There are many Bachelor of Economics Studies options to choose from to fit your needs so take a look below and find the right one for you!
PROGRAMMES IN ECONOMICS
Economics is the study of how goods and services function in society. If you reflect on money not only as a spending device, but also as a currency that goes through a wide variety of processes, you should definitely consider taking a Degree in Economics in Russia.
A bachelor’s degree is a four-year undergraduate degree and is the standard for higher education throughout most of the world.
Those who study economics first and foremost learn the differences between microeconomics and macroeconomics. Microeconomics involves the behavior of individual markets, such as households and firms, and their interactions. Macroeconomics, on the other hand, involves looking at the entire economy as a whole.
A Master in Economics goes deeper into the study and will allow you specialize in the field of Economics on a higher level. With a Master in Economics in Russia you will get to experience the importance of the financial flow and to critically analyze a growing financial market. With modern technology this field is changing fast and the Master in Economics programs focus on modern theories of finance, quantitative analysis skills and how economists can apply these in real-life situations.
A Bachelor’s or Master’s degree in Economics teaches you about interest rates, exchange rates, economic indicators, and equity markets, allowing you to see how they all influence different industries around the world.Courses in Economy will also focus on economic theory and fundamental economic principles. Students develop a broad understanding of public policies and their socio-economic impact on legislation, taxes, services, and regulations.
To be a great economist you’ll need problem-solving skills, critical thinking, as well as analytical abilities.
A higher degree in Economics in Russia will not only allow you to work for corporations but also as a government adviser or as a consultant in the public sector. Economics graduates have successful careers as economists, financial risk analysts, chartered accountants, investment analysts, statisticians, etc.
PROJECT MANAGEMENT DEGREES
Project Management is an essential aspect of conducting business. People who study a Project Management Bachelor’s or Master’s degree in Russia will learn how to be responsible for projects and strategies within an organization. Project Management will teach you to meet deadlines, manage budgets and achieve the objectives set by the company.
One of the most important skills you will learn during a Project Management degree is risk management, which focuses on discovering all possible liabilities and difficulties that may occur during the project, and how to deal with them. Other key aspects of project management are discovering and arguing their effectiveness, defining the requirements and resources needed, receiving approval, monitoring the progress, and implementing feedback from other project stakeholders. After a project is completed, you’ll also have to analyze the outcomes, draw some conclusions and learn from the mistakes.
Every step of a project involves a high level of focus, analytical skills, as well as the ability to communicate and make big decisions. This is definitely not a job for everybody, but as long as you have the resilience and determination to see a project through to the end, you should consider a career in Project Management in Russian University. Bachelor’s and Master’s degrees in Project Management combine concepts of Business Administration, Marketing and Economics. Project managers also need to have good communication skills, so they can coordinate work and delegate tasks to different team members.
Students who graduate with degrees in Project Management in Russiafind job opportunities as project coordinators, project analysts, industrial production managers, administrative managers, and quality experts.
BUSINESS ADMINISTRATION DEGREES
Business Administration in Russia is a branch of Business & Management that will teach you how to lead a company or business venture, keep track of performance and make crucial decisions that will result in developing a better and profitable business.
Business Administration degrees are some of the most interdisciplinary academic programmes, seeing as they combine theoretical knowledge and practical solutions with notions of Finance, Economics, Human Resource Management, Marketing, Information Systems, Accounting, and more.
While studying a graduate degree in Business Administration in Russia you’ll get the opportunity to develop skills that will be very useful in selling products, managing the financial health of your company, interpreting performance data, keeping employees motivated, keeping efficiency high, and making impactful business choices that drive results.
A Business Administration in Russia offers a lot of benefits and development potential, but will also demand a lot from you. Most MBAs in Russia require significant work experience for admission, and you will most likely have to provide GMAT exam grades as part of the application process. Universities are looking for determined, motivated students who will become the entrepreneurs of tomorrow.
As a graduate of a Bachelor’s or Master’s in Business Administration (B.B.A. or M.B.A.) in Russia , your job offers will be varied and quite impressive, allowing you to become a business owner, risk management consultant, financial planner, purchasing agent, research analyst, marketing representative, quality assurance specialist, or office manager.
Entrepreneurship can be defined as a business related area where leaders in organizations are not afraid to take risks, tackle innovative solutions in order to boost their business performance and ensure the highest income. Entrepreneurship concentrates on business opportunities exploitation, business plan development and control, start-up establishment, management, team-building, market strategies, human resource management, leadership, innovation, intellectual property, economy, networking, market research, etc.
Students enrolled in an entrepreneurship course in Russia will develop communication skills in order to become good negotiators and they will also learn basic management and leadership skills. A good entrepreneur uses his creativity and applies strategic thinking to create effective business plans.
A Bachelor’s or Master’s degree in entrepreneurship includes theoretical knowledge and practical activities. Understanding today’s business environment, the ability to manage people and be a good sales person are a cornerstone in this modern and dynamic field.
Career prospects for graduates in entrepreneurship in Russia are: business manager/ administrator or take management for different departments in various companies or organizations, business or financial consultant, research developer, management analyst, franchise owner, project manager and more.
Finance is a subject that analyzes and interprets financial markets, economic trends, banking, assets and liabilities, as well as investments. People who work in Finance analyze data and then make long term financial planning, offering recommendations based on their findings. The aim is to help governments, companies, and people make better financial decisions.
A Bachelor’s or Master’s degree in Finance teaches you about managing money, banking and financial operations, insurance, real estate companies, and public institutions. During courses, you will also develop your planning, synthesising, and problem-solving skills. You will uncover all the secrets of balance sheets and you’ll become familiar with the various types of finance, such as. public finance, corporate finance, or personal finance.
Finance specialists in Russia have a knack for working with numbers, constantly forecasting current financial trends and seeing how they’ll lead to profit. A financial specialist always makes sure companies or organizations meet their financial demands.
It’s true that working with numbers is not for everyone. If you enjoy it, however, you’ll make many people, organizations, and governments happy. People love receiving their salaries on time just as much as companies love financial growth. You can be one of the minds that make sure these, and many other transactions and economic related activities actually happen in an organized fashion. As a bonus, you will probably be in charge of your family’s finances and you’ll always have the money for great vacations with the people you love.
Students who graduate with degrees in Finance in Russia pursue careers such as: financial analyst, commercial or investment banker, stock, insurance or real estate broker, economist, tax adviser, financial manager, and others.
Study a Bachelor or Master’s in Marketing if you want to learn how to create and implement advertising and promotional strategies in order to sell products and services.
Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Effective Marketing strategies address the right people and turn them into loyal customers who will return for future services and who will recommend your services. Since word of mouth can be one of the best marketing tools, it will be your job to implement successful marketing campaigns and create a positive brand image for the organization you represent.
A Bachelor’s or Master’s programme in Marketing blends theories of Finance, Business Management, Marketing Research and Consumer Behaviour. During Marketing courses, you will learn how to promote products or services in a way that leads to increased sale revenues.
During your Marketing degree studies in Russia, you will learn how to identify your target audience or target market. Keep in mind that creating a great strategy isn’t enough, you’ll also need to know how to share it efficiently in order to reach the target audience. After running your marketing campaigns, it will also be your job to gather the resulting data and analyze the results of the campaign in order to improve and learn from it.
Marketing students will develop technical and analytical skills, but they will also learn how to be great storytellers. You will discover how to create advertising campaigns, focusing on the four golden concepts of marketing: product, price, place, and promotion.
Students who graduate with degrees in Marketing in Russia enjoy successful careers as: market researchers, advertising account executives, media planners, public relations officers, social media managers and many others.
MANAGEMENT, ORGANIZATION & LEADERSHIP DEGREES
Management, organizational and leadership studies comprise the knowledge necessary in planning, organising and supervising the resources of an organization. The manager of an enterprise focuses on maintaining the business competitive and meeting the goals and objectives settled by the strategy plan, while employing both human and material resources.
Universities in Russia offer a number of specializations in the area including: general management, human resource management, operations management, project management, business management, etc. Most academic programs are business administration and management degrees such as Bachelor of Business Administration (BBA), Master of Business Administration (MBA) or Master in Management (MIM).
Graduates in management, organization and leadership in Russia can build their careers in any area or industry that implies following a business plan. These areas include, for example: retail, construction, hospitality and tourism, IT, supply chain and logistics, manufacturing, or public administration.
At entry-level, a graduate in management could be part of the sales staff or an assistant accountant, or even an area sales manager. By mid-level, they should have positions like sales and marketing manager of operations manager. Finally, advanced professionals become part of the board of directors, general managers or chief executive officers (CEO).
Accounting is the process of communicating financial information about a business entity to relevant users or entities such as potential shareholders, creditors (including banks or vendors), financial analysts, economists, and government agencies. Accounting can be divided into two major fields: management accounting and financial accounting. Management accounting concentrates on reporting to people inside the business entity and provides information to employees, managers, owner-managers and auditors. The main goal is to provide the management with a basis for making major decisions related to management and operations.
One of the vital skills of an accountant is to select relevant information for the audience and communicate financial statements clearly. A career in accounting requires an aptitude for mathematics and the ability to analyze, compare and interpret facts and figures quickly.
A Bachelor or Master degree in accounting equips students with skills like: numerical and logical thinking, attention to details and analytical thinking required for manipulating and organising a significant amount of financial data.
Accounting graduates in Russia choose from career options such as: accountant, payroll clerk, economist, tax adviser, management consultant, retail banker, auditor, treasury analyst, cost estimator, anti-money laundering specialist, chief financial officer.
PUBLIC ADMINISTRATION DEGREES
Public administration is concerned with the implementation of governmental policy that serves the wide population, carrying political activity and decision into actions and developing public programmes for the well-being of the society and the citizens. The aims of public administration are linked to democratic values like equality, security and justice.
Public administration makes use of several other disciplines such as: organizational behaviour and theory, finances, human resources, politics, law and even ethics and philosophy. Compared to business administration, public administration distinguishes itself through the non-profit orientation of the administrative activity. Like an MBA, a Master in Public Administration (MPA) is vital for students willing to pursue successful careers in the public sector, working in governmental institutions, departments and agencies.
After pursuing a course degree in public administration, graduates should be able to analyze the nature and the causes of social problems, understand interests and values of various stakeholders, design solutions to problems and implement or mediate the implementation of the solution.
Graduates of a public administration degree in Russia can follow the following careers: charity officer, civil service administrator, local government officer, social researcher, education or healthcare administrator, public affairs/administration consultant, urban planner, budget analyst, labour relation specialist.
HUMAN RESOURCE MANAGEMENT DEGREES
Human Resource Management is a subdiscipline of Business & Management studies. Human Resource Management is an essential part of any business and deals with recruiting the right people for the right positions, as well as managing and offering guidance for employees during their stay in a company. As a future Human Resource Manager, it will be your job to make sure that the people you hire stay happy, motivated, continue to develop and advance professionally in the roles that fit them.
Bachelor’s and Master’s degrees in Human Resource Management include theories and practices related to hiring processes, administrative services, performance management, staff administration, and training.
In Russia, human Resource Management students learn how to motivate and enhance employees’ contribution in order to maximise the productivity of an organization. Courses focus on organizational behaviour, and how it can be used to create a positive atmosphere within companies. An important skill in this field is managing people according to different workplace cultures. This involves flexibility and understanding in order to adapt to social and work environments, while also strengthening the company culture values.
It’s also important to be aware of how decisions made by the company influence employees’ behaviour. It may also be your responsibility to offer counselling on how to minimise the negative impact of less popular decisions within the company you work for.
Students who graduate with degrees in Human Resource Management in Russia can engage in the following careers: human resource officer, office manager, occupational psychologist, career adviser, recruitment consultant, training and development officer, and others.
SUPPLY CHAIN MANAGEMENT & LOGISTICS DEGREES
Supply Chain Management & Logistics is a subject that deals with sourcing raw materials and components required by companies to manufacture their products. People who work in Logistics focus on improving the overall performance of the supply chain, to ensure the fastest possible delivery. This is achieved through efficient planning, which allows enterprises to reduce excess inventory and storage costs.
Supply Chain Management & Logistics is a multidisciplinary field and combines concepts from Industrial Engineering, Systems Engineering, Operations Management, Logistics, Procurement, Information Technology, and Marketing.
Some of the courses you will study include market needs, planning methods, and controlling supply flows. As a student, you’ll understand how global supply chains and national and international markets function. You will also learn about e-commerce and find ways to use this knowledge for strategic sourcing.
Additionally, you will develop skills such as research and analysis, negotiation, and problem-solving. Being able to remain calm under pressure, improvise, adapt, and make important decisions will always give you an edge in the field of Logistics Management. As you learn how to negotiate with suppliers and make things run smoothly, your career will develop, and you’ll find new opportunities to grow.
A Bachelor’s or Master’s degree in Supply Chain Management & Logistics in Russia will allow you to find jobs working as a project manager, industry analyst, global logistics manager, transportation director, supply chain consultant, and others.
Agribusiness is a sub-field of business, management and organization studies that deals with making profit from agriculture and corporate farming. Agribusiness includes the production, processing, and inventory of agricultural goods. It involves the management of agronomic equipment and technologies, raw materials, suppliers, work force and other resources involved in agriculture.
Similar disciplines include: animal management, forestry and nature management, management of the living environment, agricultural economics, and rural enterprise.
In Russia, students get an insight into the processes of production and supply chain, from raw production to reaching the consumer, and all the stages in between: trade, management and consultancy, activities of businesses involved in horticulture and food chains. Masters in Agribusiness typically cover topics such as agricultural economics, farm product marketing, quality management, the sustainability of agricultural chains, agribusiness international marketplaces and others. Specializations include international agribusiness and trade, food and agribusiness, international horticulture and marketing, agricultural entrepreneurship, agribusiness management, sustainable agribusiness and innovation, food marketing and retail.
Graduates in agribusiness in Russia can work in a diverse range of industries and positions from accounting, insurance and banking, to managing seed production, farm management, international marketing or retail sales. Professionals can practice in product development corporations, retail marketing firms, food processing companies, consultancy agencies, and public, governmental or financial institutions.
Auditing refers to the process of examining financial reports and documents of an organization by a third party, independent of that organization. Auditing degrees are closely related to accounting, so auditors are typically accountants or economists who specialize in evaluating financial statements of businesses in order to ensure the accuracy of the information. Internal auditing helps an institution to accomplish its objectives, by bringing a systematic economical approach to evaluate and improve the performance of risk management, control and governance processes.
Key skills and abilities for competent auditors involve numeracy and mathematical aptitudes, business acumen, economical and financial knowledge, general IT skills, self-motivation, attention to detail, as well as good time management and communication skills.
Russian universities usually offer postgraduate level courses in auditing, such as certificates, concentrations, training programmes or degrees. Auditors generally have a degree in accounting or finance, and sometimes they have years of professional economical experience.
Internal auditors in Russia typically work in the private sector, independently, or as members of an accounting team. Their services are employed by trading companies, professional firms outsourced by client companies, corporations, charity organizations, and others. External auditors usually work for governmental bodies or as associates of certified accounting offices.
BUSINESS INTELLIGENCE & ANALYTICS DEGREES
Business Intelligence and Analytics is a discipline that uses digital tools and strategies to analyze business data. The gathered information is used to improve business operations, make future predictions and adapt strategies to fit observed trends.
Some of the subfields within Business Intelligence and Analytics include Statistics, Information Management, Data Analytics, Risk Management, Analytics and Modelling, and Digital Innovation.
During courses, you will discover business intelligence tools and applications used to collect and interpret data from various sources. You’ll be working with data warehouses, creating reports, analysing data, and understanding how you can use them to make better business decisions.
With the help of Business Intelligence & Analytics in Russia, you can evaluate business goals and customer behaviour in order to address issues such as poor performance management or loss of clients. Students learn how to combine and make use of Statistics, Data Science, and Computer Engineering, while also developing analytical, problem-solving, and mathematical skills. You will also discover how to efficiently communicate technical or statistical information to people who aren’t experts in these fields.
If you’re passionate about numbers and organising information, this discipline is for you.
Business Intelligence and Analytics graduates in Russia have successful careers as system analysts, senior stats analysts, programme developers, business operation consultants, business intelligence managers, and others.
Commerce is a sub-field of business and economics that comprises all the activities that lead to the exchange of goods and services from producers to clients. It deals with buying, selling and investing, the distribution of products, covering market demand and creating new business opportunities, among others. E-commerce is a branch of commerce that has rapidly evolved over the years, which implies the acquisition and sale of products via the internet.
In Russia, Universities and business colleges from the Commonwealth nations offer special degrees in commerce such as Bachelors of Commerce (B.Com.), or Bachelors of Commerce and Administration (BCA), at the undergraduate level, and Masters of Commerce (M.Com.) at the graduate level. Concentrations in commerce include multinational commerce, accounting, finance, marketing or project management.
Commerce degrees aim to deliver multi-disciplinary knowledge and essential skills for the modern business world.
Graduates in commerce in Russia can easily find positions in corporations, small businesses, non-profit organizations, banks, outsourcing, insuring, audit and consulting firms, in governmental agencies or in the e-commerce industry, because trading is an essential day-to-day activity.
CORPORATE COMMUNICATION DEGREES
Corporate communication deals with the exchange of business information within and outside an organization. It is a managerial discipline, closely related to public relations, marketing, organization and leadership and human resources. Corporate communication involves mostly preserving a coherent corporate identity and promoting a positive brand icon.
Professionals in business communication draft communication strategies, formulate briefs and speeches for managers, write press releases, handle media relations, deal with corporate responsibility and conduct, improve interpersonal and interdepartmental communication, and many more.
Masters in Corporate Communication are typically offered as part of communication studies departments of universities, together with programmes in strategic and business communication, integrated marketing communication, public relations, journalism, human relations, rhetoric and public advocacy, and others. Corporate communication courses aim to improve the knowledge and skills of students such as effective written and oral communication, business acumen, ethical awareness, digital strategies, or flexible thinking.
Graduates in the field in Russia will be prepared to work as communications specialists in business, industry, public administration, and non-profit organizations. Career prospects include various positions such as: business spokesman, marketing specialist, technical copywriter, public speaking trainer, publicity manager, campaign director or media planner.
CORPORATE SOCIAL RESPONSIBILITY DEGREES
Corporate social responsibility (CSR) deals with the impact of organizational activities on society and the environment. Presently, corporate responsibility has become an extremely important factor influencing the development of companies, their profits and brand image. Socially responsible enterprises offer donations and support charitable activities, social actions, as well as degrees related to environmental studies. They also award grants and fellowships, providing support for disaster affected areas and other relief causes.
Russian universities and business schools offer various Master’s degrees, specializations and executive short courses in corporate social responsibility. Some MBA (Master of Business Administration) programmes offer CSR concentrations, while other schools hold individual study courses on topics such as responsible management for sustainability, green management, social responsibility management, global market and ethical responsibility, and others.
Degrees in corporate social responsibility generally emphasise a multi-disciplinary approach on social, ethical and environmental issues. They aim to equip students with competencies including business knowledge, understanding of economic factors, as well as communication and leadership skills. Global awareness and risk management abilities are also highly valuable to corporate responsibility professionals.
Professionals in CSR in Russia practice in different work environments from non-profit organizations, to corporations to governmental bodies or consultancy firms. Career prospects include: strategic communicator, sustainability consultant, environmental and social risk manager, sustainability commercial director, corporate governance manager, senior ecologist, etc.
EXECUTIVE MBA DEGREES
Executive MBA, or EMBA, is a graduate academic degree in business administration designed especially for working business professionals and senior executives. Executive MBA studies provide a high level of marketable knowledge and skills within the business sector, with a high degree of specialization. The characteristics of EMBA degrees include flexibility, a shorter study duration and a focus towards more applied learning. Business professionals typically follow executive studies in order to advance their business acumen, higher management positions, as well as salary increases.
Executive MBA degrees are amongst the most expensive academic programmes, but are often financed by employers. Business schools and colleges offer both in-class and online courses, and provide various cutting-edge concentrations. EMBAs include studies in finance, marketing, strategy, operations management, human resource management, information technology, entrepreneurship and many more. Graduates acquire highly specialized knowledge and marketable skills particularly valued by major employers.
EMBA study programmes deliver a comprehensive coverage of business and management topics, help support leadership skills, facilitate networking development and represent an overall transformational experience for managers.
EMBA graduates in Russia pursue a wide range of advanced management careers in public and private organizations head of company departments, senior decision makers or CEOs.
FORENSIC ACCOUNTING DEGREES
Forensic accounting, or forensic accountancy, is an interdisciplinary field that involves the use of specific accounting procedures to investigate financial statements or irregularities. It involves knowledge from other disciplines such as economy and business, financial analysis, auditing, public policy, civil or private law. Forensic accountants analyze business reports and financial evidence, and their findings can be used in legal proceedings. They are usually appealed for issues such as business valuations, bankruptcy, insolvency cases, corporate fraud and in many other economic crimes or crimes against property.
Forensic accounting is a specialization within the wider field of forensic studies or it can be offered as a study track in accounting. Often, studies in forensic accountancy are pursued by students or professionals who already hold a degree in accounting or a related area. Studies focus on real-life case studies, providing specialized accounting skills required for identifying fraud activities, and also a general understanding of business contexts, financial reporting systems, digital forensics and the methodologies involved in building legal evidence.
Graduates in forensic accountancy in Russia can develop careers within insurance companies, accounting and law firms, banks, police forces, government bodies, law enforcement agencies and other organizations.
INNOVATION MANAGEMENT DEGREES
Innovation management is a sub-discipline in the general field of management that implies creating, planning and supervising new organizational trends, to support business growth. It deals with discovering new niches, imagining new services and technologies, testing breakthrough corporate practices, establishing brand extensions and foreseeing market trends. Innovation management involves aspects from other organizational business areas such as business intelligence and analytics, quality management, project management, marketing, IT, human resources or sales.
Specializations and concentrations in the innovation management field include entrepreneurship and innovation, technology and innovation management, enterprise and innovation management, global innovation management, management of information systems and digital innovation, among others. Students following innovation management courses have a chance to acquire in-depth knowledge on business development, practice innovation management techniques (IMT) and models. They also develop their creative thinking, communication abilities and presentation skills.
In Russia, examples of careers in innovation management include product manager, strategy consultant, business analyst, operations manager, business development specialist or CEO.
Innovation managers in Russia typically have strategic positions in corporations, IT firms, governmental agencies and financial institutions. They may also practice in the investment-banking field, or may choose consultancy positions, as well as careers in research or academia.
INTERNATIONAL BUSINESS DEGREES
International Business is a great study choice in the increasingly connected modern world. By completing a Bachelor’s or Master’s degree in International Business, you’ll discover the processes behind the commercial exchange of goods and services and learn how international markets work.
You will also discover how to manage a business with offices in multiple regions of the world and how to conduct cross-border transactions. This means you’ll have to develop the skills necessary to adapt businesses to the country’s local culture, which is an important factor in the management of employees whose mindset can vary significantly.
You’ll study concepts from different fields, such as Economics, International Relations, Marketing, and others. This will enable you to develop a global mindset and learn negotiation skills and managerial techniques. Additionally, you’ll discover how to use specific accounting tools, including global financial systems. You will also expand your knowledge of international accounting, business economics and marketing.
You will be able to use these newly acquired skills to supervise supply chains and make sure that the manufacturing process and products respect the required standards. Additionally, you will be able to analyze business data and have a say in the decision-making process. As you become more experienced, you will even be able to start partnerships or find investors, which will be extremely important and highly appreciated by your company.
With a Bachelor’s or Master’s in International Business in Russia, you can become a business development manager, data scientist, financial trader, sales executive, supply chain managers and others.
MASTER IN BUSINESS ADMINISTRATION (MBA) DEGREES
A Master in Business Administration (M.B.A.) is the perfect degree for people who either consider themselves or aspire to become natural leaders. A Master in Business Administration is specially designed for people who are interested in gaining management skills within a competitive business environment. Business students will learn how to manage a company or small business more intelligently and efficiently.
When you enroll in an M.B.A. programme in Russia, you can also specialize in different concentrations, such as: international business, project management, healthcare, finance, marketing, human resource management, entrepreneurship, and more. Most international business schools in Russia will require you to pass the GMAT exam, as part of the M.B.A. application process.
A Master in Business Administration degree will teach you to adapt to changing economic and business demands, while also undertaking broad, executive decisions that generate business revenue. Big companies appreciate business school graduates with great communication, problem-solving, and leadership skills.
Students graduate academic programmes that award M.B.A.s to ensure they get a high-paying, promising career in the business sector. If you’re dreaming of working in a Fortune 500 company, then a top Business Administration Master’s is the right way to get started. Lots of well-experienced managers, who have already worked in business for a long time, sometimes get an E.M.B.A. (Executive M.B.A.).
Business Administration programmes are also suited for students who already have work experience in a business-related or management field for 5-10 years, and are interested in taking their knowledge up a notch. Online M.B.A.s are also popular and rewarding study options for international students who can’t afford to go abroad.
Earning an M.B.A. is highly valuable in the job market these days, and you can expect promising careers in: finance, public administration, accounting, consulting, retail management, international marketing, policy advising, and more.
MASTER IN MANAGEMENT (MIM) DEGREES
Master in Management in Russia, or MiM, is a postgraduate academic degree that provides general management and organizations knowledge. Recently, the Master in Management has developed as an affordable alternative to the Master of Business Administration (MBA), for graduates from diverse disciplinary backgrounds with little or no professional business experience who wish to transition towards a management career.
The most common Master in Management tracks include topics such as global business management, operations management, corporate finance, marketing analytics, entrepreneurship and innovation, performance management systems, among others. During studies, students familiarise with different managerial practices and software tools, as well as marketing strategies in national or international contexts.
In Russia, Master in Management degrees are offered as Masters of Science or even a Masters of Arts, are more focused on theoretical knowledge than the average MBA. However, universities also focus on delivering training relevant management abilities such as analytical, leadership and communication skills. Business colleges and schools offer masters of management studies under various titles, delivery modes and concentrations.
Graduates of Management Masters in Russia benefit from extensive career choices in many fields and industries such as marketing, accounting and finance, human resource, healthcare, supply chain management, consultancy, public administration and others. They may work as marketing managers, account managers, financial analysts, budget strategists, business consultants, investment brokers, and more.
RETAIL MANAGEMENT DEGREES
Retail management is a sub-discipline of the general field of management that deals with overseeing the distribution and selling of products directly to consumers, in specific vending points such as shops, chain stores, markets and malls. Retail managers are in charge of everyday operations within a retail store or department. They plan how merchandise is promoted, organise employees, handle customer service, and supervise inventories. Retail managers also have to understand client profiles and empathise with their needs in order to adjust product supply and to anticipate demand, in order to increase profits.
Retail management is closely related to others disciplines ranging from business and international business, marketing and logistics, to supply chain management, operations management, fashion merchandising and others.
In Russia, economic colleges, management schools or business schools offer stand-alone retail management degrees, or offer Masters in Management (MiM) and Masters of Business Administration (MBA) with concentration tracks in retail management. Students will learn management models and practices, in addition to relevant marketing strategies. They will also acquire leadership, communication and decision-making skills.
Graduates in the field in Russia can work as managers of hotels, catering, food and beverages companies, travel agencies, and franchise chains among many others. Examples of professional positions include purchasing manager, logistics and distribution manager, personnel manager, merchandise planner, store director or division merchandising manager.
RISK MANAGEMENT DEGREES
Risk management is the business discipline that deals with anticipating, evaluating and addressing possible consequences of strategic actions within an organization. Risk managers are financial experts that have the necessary knowledge, skills and experience to identify and evaluate risk factors, and to implement strategy plans to prevent or minimise losses. They are required to protect an organization’s assets and incomes, employees, reputation and shareholders.
Some business schools and colleges in Russia offer degrees and certificates specifically in risk management. Others offer students the possibility to specialize in areas that suit their preferred career path by combining risk management with related disciplines including administrative studies, business continuity, security and risk management, risk management and organizational continuity, investment and financial risk, risk management for banking, and many more.
Students acquire fundamental knowledge of predictive models and risk management systems, learn how the decision making process works, and train their quantitative skills and critical thinking, among others.
Career prospects in Russia include titles such as financial business risk analyst, risk manager, director of corporate risk management, market risk quantitative analyst, etc. Typically, graduates in risk management are already young professionals working in small or large national companies, corporations, banks, audit firms, insurance companies, financial consultancy agencies or governmental agencies.
STRATEGIC MANAGEMENT DEGREES
Strategic management is a business sub-discipline concerned with the coordinating of material and human resources within an organization, in order to achieve long-term business goals. Strategic managers hold front roles in the process of decision-making and deal with specialized operations such as setting company objectives, evaluating the means of attaining them, formulating and implementing plans or anticipating outcomes.
A strategic manager often utilizes knowledge from other related fields including business administration, finance and marketing, risk management, negotiation, statistics and human resource.
Business schools and economic colleges in Russia often offer studies in strategic management as specialization or concentration track for a business management degree. Masters in Strategic Management focus on gaining entrepreneurship acumen and a broad understanding of modern business environments. Other strategic management topics include competitive strategies theories and models, corporate responsibility and ethics, marketing management, and risk management.
Career prospects for graduates in strategy management include administrator, organizational manager, marketing manager, business consultant, planning specialist, brand manager, corporate service manager, development manager, or executive assistant.
Taxation refers to the practice of collecting money from citizens and trading companies by government institutions, in order to finance public institutions, goods and services. Taxation degrees use knowledge from areas such as economy, legislation, politics, public administration and international business. Tax professionals can help organizations take important business decisions, by providing financial counselling and guidance. Their area of expertise includes accounting administration, calculating tax liabilities, performing legal analysis, and more.
Business colleges and law schools in Russia offer a great variety of degrees, diplomas and certificates in the field of taxation. Taxation can be a degree course in itself or it can be offered as a concentration track of undergraduates and graduates degrees in commerce, law or business administration. Some universities offer joint Masters in Taxation and other disciplines such as accounting, finance, legal studies or international business and management.
In order to become successful taxation professionals in Russia, students need to prove mathematical and numeracy skills, the ability to interpret and explain complex financial issues and make use of advanced analytical skills.
Russian graduates in taxation can work as tax advisors and analysts, investigators, auditors, tax partners in accounting and law firms, revenue managers, policy makers, tax inspectors, among others. Professionals can work in accountancy and law firms, investment, insurance agencies, software companies, the public sector, or charities.
TECHNOLOGY MANAGEMENT DEGREES
Technology management deals with the design, development, operation and use of technological products and services to help increase efficiency and deliver value to an organization. Technology management is closely related to other disciplines such as business intelligence and analytics, IT, user experience design, innovation management and strategic management.
Technology managers in Russia have the responsibility to implement and maintain the technological infrastructure of hardware devices, software programmes, networks and communication systems. They also develop creative solutions to business and technology issues, offer specialized IT support and play an important role in the overall decision process within companies.
Many business colleges in Russia offer Masters of Business Administration (MBA) with concentrations in information technology management, while polytechnic schools and engineering departments offer various study options in engineering and technology management. Specializations of Masters in Technology Management include system and network security, data management, system administration, software development, information management, and more. Study courses typically combine information technology knowledge with business management skills.
Career prospects for graduates in Russia include job titles such as IT analyst, network administrator, business information manager, IT director, e-business developer and others. Professionals operate in various areas including network technology, internet services, cyber security, system development, technical sales, or IT consulting.
TRANSPORT MANAGEMENT DEGREES
Transport management, also referred to as transportation and logistics management, studies the processes involved in the planning and coordination of delivering persons or goods from one place to another. Transportation managers are responsible for the complete reception and effective shipment of cargos for a trading company. They also deal with the safe and reliable transportation of passengers, as well as developing shipment relationships and partnerships.
In Russia students can enrol in transportation management degrees or business administration studies (BBAs or MBAs) with specializations in logistics and transport. During courses, students learn to master transportation management system (TMS) and other strategic business tools. In addition, they develop transferable skills such as critical thinking and analysis, a solution-oriented mind-set, efficient communication and negotiation abilities.
Russian graduates of Masters in transportation management typically work in international trading and commerce, in passenger transport companies on road, rail, air or sea. They also operate in the construction industry, national or local administration, travel agencies, supermarket chains, manufacturing companies, and many more. Some clients prefer outsourcing logistics to experts, so transportation managers can also practice in special consultancy firms.
- Chechen State University
- Pskov State University
- Kabardino-Balkarian State University
- Izhevsk State Technical University
- Russian Presidential Academy of National Economy and Public Administration
- National Research University
- Tula State Lev Tolstoy Pedagogical University
- Saint Petersburg State University
- Kazan National Research Technical University Named After A.N.Tupolev
- Lomonosov Moscow State University
- Novgorod State University