Russian trends in MBA
11 Aug 2008
Russions choose Financial Management, Investment Management, IT-Management, Marketing, and Logistics if they decide for an MBA.
Financial Management is the specialization most Russians choose if they decide to study for an MBA (43%). Second in popularity is Investment Management (14%), followed by IT-Management (12%), Marketing (12%) and Logistics (11%).
According to the Russian monthly magazine Study & Career, 82% of the respondents say the most important reason to do an MBA is ‘to acquire new knowledge’. A second motivation is to update their knowledge. Developing career prospects and earning more money are other important factors.
Every year 5,000 Russians get an MBA degree. Among MBA specialists in Russia, there is a discussion on whether it is better to do an MBA in Russia or abroad. According to the Russian Foundation of MBA Alumni, it is better for Russians to study in their own country. MBAs abroad are too oriented towards western ideas and principles, the foundation says in an interview with the magazine. Which means that once back in Russia, MBA graduates would encounter difficulties when applying their western knowledge within Russian companies.