Comparison Of Leading Business Schools In Russia And In The World

Abstract

The authors compare business schools in Russia and leading foreign business schools. The basis for comparison is a number of indicators that form the rating of business schools. Such indicators are income growth of graduates, career growth, personal and professional development and others. The authors also noted the trend towards increasing popularity of business schools among university graduates, as well as among representatives of the top management of different organizations. This trend is caused primarily by the high level of competition among employers for well-educated and talented candidates, the need of existing managers to meet modern requirements and competencies. Issues on the importance of business education are very common in the modern research environment. This topic is raised by many Russian and foreign researchers. The study methods include general theoretical research methods: analysis, synthesis, comparison, generalization and systematization. The data of the national MBA rating in Russia and the global MBA rating were used for the research purposes. Based on the results of the comparison, conclusions were made about the current state of the business education in Russia and abroad, as well as about differences between Russian and foreign business education. Following modern market trends, compliance with the competencies required for management representatives, effective management and strategic development of the organization are the questions that can be answered by training in business schools.

Current Needs of Business Owners and Managers, Business Schools’ View

“…An information-based economy requires business owners and managers to master the tools for obtaining, processing, broadcasting and preserving information resources, to synthesize new knowledge, to create unique products and services, and to make decisions in conditions of high uncertainty and instability of the environment. At the same time, according to the observations of scientists, experts, and practitioners, today many Russian entrepreneurs and senior managers have an intellectual hunger, due to the fact that they know "their" business very well and manage it quite competently [19,22]. Quite young Russian businesses as a class today have less and less pragmatic needs related to a global rethinking of the process of creating business models, intellectual communication on topics that are not directly related to their professional sphere.…”