MBA in Russia

• Russia is best known for its strong academic schools in Physics, Mathematics and Natural sciences and students can acquire in-depth knowledge in all subjects in Russia.
• Russian universities are much cheaper than the equivalent universities from USA, Canada and UK. Level of training at the MBA colleges in Russia and other Russian universities is far better than the educational institutions at the west.
• International students can get the opportunity of getting free education through several thousands of MBA scholarships and other scholarships which Russian Government offers.
• Russian language courses, summer schools and distance learning programmes are offered by Russian best B-Schools. Thus, 10.5 million foreigners are regularly learning Russian language. Russian government always encourage foreigners to learn Russian.
• Students can take MBA degree through English medium of education.
• By studying in Russia, students can receive dual diploma, a Russian diploma as well as a diploma from a European university as Russia has signed the Bologna declaration in 2003.
• Russian MBA colleges have high equipped laboratories, best study facilities and scientific centers. They also provide students with comfortable and well equipped dormitories.
• Students in Russia can get discounts on public transport, for visiting museums, concert halls, theatres, parks, libraries and other entertainment and public facilities. Thus, for Indian students studying MBA in Russia would be an unforgettable experience.

A student must fulfill following eligibility criteria in order to be able to take admission to a MBA degree course in Russia:

• A student must have completed a bachelor’s degree in any discipline.(That is, he/she must have completed 14 to 16 years of education.)
• A student must be able to prove his or her proficiency in English language by giving English language proficiency tests like TOEFL or IELTS.
• If students have not given TOEFL/IELTS tests then MBA colleges in Russia have an option of an English language interview. These interviews can also be arranged on Skype.

• Like other MBA courses, dedicated 2 years are required for a full time course of MBA in Russia. The duration of the part time MBA program can be decided by the individual depending upon the time which he/she requires to complete the MBA degree.
• Professionals can increase their skills and knowledge by opting a course of executive MBA in Russia which is of 18 months duration.

Below mentioned are the MBA (Master of Business Administration) subjects which students need to study when they opt for ‘MBA in Russia’:

• There are a large number of multinational companies in Russia. MBA Schools in Russia give equal importance to MBA graduates from Russian universities as other candidates from European universities.
• The category of jobs which require extremely highly skilled professionals are often offered to foreigners. These jobs are at the management or senior management level.

After pursuing MBA in Russia, students get the following job positions at reputed companies:

There is a high value for ‘Education in Russia’ across the world. There are various opportunities for students who study MBA in Russia. There is a very huge demand for MBA professionals in different sectors:

• Students studying MBA in Russia, not only learn practical skills but also get a serious theoretical basis too. Persons working in the field of finance and professionals of international marketing are appointed for teaching business consultants and heads of different organizations. Thus, students can promptly adopt to any work conditions.
• There are good career options for graduates with MBA in Russia in sectors like digital media, life sciences, management consulting, technology etc.
• Russia has many companies such as Amazon, Facebook, Google, Apple, eBay etc. as Russia provides business friendly regulations and technological capabilities.
• Students who study MBA in Russia, can get a work visa using which they can stay and work in the country for the duration of their student visa.
• Students can also start their own company after doing an MBA in Russia. There are lots of opportunities for students to start their own company.

Russia offers 3 types of scholarships for international students, those are:

• Government Funded Russian Scholarships - To study in Russia, a set number of state scholarships are available for international students. It includes free tuition for the entire duration of the chosen programme, maintenance allowance, and dormitory accommodation. In 2018, 15,000 such spots for scholarships have been granted. The scholarship amount is 1,500 rubles per month (or Rs.1,665/month).

• Non-government Russian Scholarships for international students -

  i) The school of Russian and Asian scholarships (SRAS)

  ii) Benjamin A. Gilman Scholarships

  iii) BP in Russia Research Scholarships

  iv) American Councils Scholarships

  v) Open Doors: Russian Scholarship Project

• University-Specific Russian Scholarships for international students - These are the scholarships which are awarded by individual universities for excellent academic performances of the students. Some scholarships may provide stipend to students, while some may provide free tuition or accommodation to students, some scholarships can provide students all the three, that is, stipend, free tuition and free accommodation.

• Some of such universities which provide scholarships are:

  i) Moscow institute of Physics and Technology (MIPT)

  ii) National Research University

  iii) Tomsk State University

  iv) Saint Petersburg Polytechnic University

  v) Russian International Olympic University

• Salary of a MBA professional in Russia starts from Rs.12 Lakhs/Year.
• With the knowledge and increasing number of years of experience it can go up to Rs.39-40 Lakhs/Year.
• Compared to other European countries, salaries of MBA professional are much higher in Russia.
• International students working in Russia can enjoy the luxurious lifestyle of Moscow and Saint Petersburg.

International applicants who want to study in Russia need a passport and a visa. Through the Russian embassy or Russian Consulate in the country of residence of a student, student visas can be obtained.

A student visa which is valid for 3 months will be issued first. Students should apply for visa extension after this period of 3 months. At the time of extending a student visa, students will get a 1 year extension. This extension will be every time when students extend their visa. This process should be carried out for the duration of their academic programme.

• In Russian cities and towns, one can get around by bus, trolleybus, tram, metro and private taxi. In Moscow, St. Petersburg, Novosibirsk, Nizhny Novgorod, Kazan, Volgograd, Samara and Yekaterinburg there are underground systems of transport available.
• Students who are studying any full time courses at Russian universities can get discounts on purchase of tickets on public transport.
• Students in Russia can get a student travel card or student social card by using which monthly travel would cost a student 5 times less than a regular ticket.
• Students can also get discounts on intercity travel using student card or student social card.

While studying MBA in Russia, students can get 3 types of accommodation options which are a university’s hostel, a host family or a rental apartment. Students can find the best option as per their budget.

Most importantly, academic success of a student depends upon the choice of a place of a student where he/she would stay.

• Depending on the region, university and discipline, the tuition fees at the top MBA colleges in Russia can vary from $1,900 - $11,000 (Rs.1.14 Lakhs/Year-Rs.6.60 Lakhs/Year).
• Students would need to spend 500 to 35,000 roubles per month (Rs.1,000-35,000/month) on lodging, depending upon the region, location and type of lodging (such as dormitory, rented room or apartment or host family).
• Students can go for a medical insurance policy which is optional and which costs $60-$180 per year (that is, Rs.3,600-Rs.10,800/Year).
• The cost of a minimum shopping basket in Russia which contains bread, fish, pasta, meat, milk, sugar, fruit, vegetables etc. is 4209 roubles (Rs.4,672) for a month.
• The cost for Moscow subway’s single journey is around 55 roubles (Rs.61.05), while 747 roubles (Rs.829.17) is the cost of a 20-journey travel card. Thus, for Indian students, MBA in Russia would cost an additional amount of Rs.3.60 Lakhs-Rs.4 Lakhs/Year as a cost of living in Russia.

• Russia is not as dangerous as any other developed country. It is safe for students to live here. But everyone including students should not forget to take basic safety measures when away from home.
• One should be alert about the possibility of theft, mugging or pickpocketing.
• Stay alert at public places, in the crowd and in public transport.
• You should not carry large amounts of cash with you when travelling.

Climate in Russia mostly depends on the region. It is a quite comfortable place to live in as most of Russia lies in moderate climate zone.

Summers in Russia are warm to hot and in some areas winters get very cold. In winters, temperatures can fall up to -30 degree celsius with heavy snowfalls. December, January and February are the winter months. Winters can be very cold almost everywhere in Russia. In early October, the first snow generally falls.

• Russia is located across eastern Europe and Northern Asia. It is the largest country in the world with an area of 17098.242 thousand square kilometres.
• ‘Moscow’ is the capital of Russia.
• The two most important cultural and financial centers in Russia are Moscow and St. Petersburg.
• Population of Russia is about 143.800 million people and it ranks seventh in terms of population.
• Russian is the official language of Russia.
• In Russia, mostly there are believers of Christianity. Old Believers and the Molokans are included in it. The second most common religion in Russia is Islam. Buddhism, Judaism and Protestantism are the other common religions on the territory of Russia.
• ‘Ruble’ is the currency of Russia.