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MBA COUNTRY GUIDE

Why study an MBA in Russia?

Russia’s MBA programs are well respected around the world, with several making ranking lists when it comes to popularity and GMAT scores. Major cities like Moscow and St Petersburg offer international students the opportunity to study and work in global financial centres.
 
Traditionally, Russian MBAs have been directed more at local students, focusing on nurturing new business in Russia and providing business leaders of the future. However, as the country continues to open up to global business, more and more international students are choosing to study an MBA program in Russia.

What international MBA programs are offered in Russia?

MBA schools in Russia differ from their European counterparts in that they focus more on academic learning than practical application. This means that you may spend more time studying business theory than how to apply it, although this does depend on the institution and course you choose.

Russia’s vast energy and financial sectors mean that there are several MBA specialisations focusing on these areas.

Immigration and visas in Russia

Russian visa requirements are notoriously tricky, so make sure you get as much information as you can before applying. All students will need a student visa to study an international MBA program in Russia, regardless of nationality.

Your business course provider can issue visa documents for you providing you fulfil the following:\
 

  • You have a confirmed place accepted at the university
  • You have a certificate showing a negative HIV test
  • Proof of finances to cover the duration of your studies
  • You are no older than 35 for doctoral studies
     

What are the costs of studying for an MBA in Russia?

There is a huge variety of business schools in Russia, with a matching range of tuition fees. It is possible to study an MBA program in Russia from a lower quality institution for around $5,000- $10,000, but if you want to study at an accredited institution you should expect tuition fees of nearer $60,000 - $90,000.

Working in Russia

Russia is a vast country with a huge amount of natural resources in oil and gas, which employ many thousands of people. Russia has the world’s eighth largest economy and is part of the BRIC group of countries along with Brazil, China and India – countries deemed to be on the verge of enormous economic development.

The country has always been at the forefront of scientific and technological exploration, from nuclear energy to space travel. Although developments in these areas dipped during the 1990s, Russia is fast re-establishing itself as an innovative and creative country teeming with ideas.

An MBA qualification is fast becoming a requirement to successfully apply for an executive level position in a Russian company – in fact, Russia pays MBA graduates the largest average salary in Central and Eastern Europe.

What to do next

If you would like more information on choosing and applying for an MBA program in Russia, sign up to our Free Application Service. We’ll get in touch with you with information tailored to your requirements, including advice on the best business course for you.