The best Russian Business Schools 2021
The annual Graduate Survey MBA.SU is conducted among the Russian BS MBA &EMBA alumni for determine the long-term impacts of participating in these programmes on career development and personal growth. For this purpose, in 2021 graduates were invited to participate in an online survey on the "MBA in Moscow and Russia" (mba.su) site.
There were 1,330 people who took part this year from Moscow, St. Petersburg, Kazan, Nizhny Novgorod, Samara, Rostov-on-Don, Yekaterinburg, Novosibirsk, Irkutsk, Vladivostok. Thirty four business schools, representing about 97% of MBA and EMBA programs of the national market, were shortlisted in the ranking.
The XII Narodnyj Ranking of the Russian Business schools is based on graduates estimations traditionally obtained by crowdfunding - with the assistance of business school alumni associations. The business schools did not take part in this process.
The Narodnyj Ranking assesses the satisfaction of graduates with studying in the main business education programs: MBA and Executive MBA. Strategies of business schools, their market behavior, business reputation, activities of their parent universities, and so on are not evaluated.
The rating is based on four indicators:
- income growth in 2-4 years after graduation
- career growth
- business connection
- personal and professional development.
The grades were given by the graduates themselves-on a ten-point scale. The result for each indicator is an arithmetic mean. Participants represented about 99% of the MBA and EMBA programs national market. Among them were: business owners (18%), top managers - 33%, middle managers - 38%, specialists - 14%.
The main value of MBA is two interconnected parameters are: income growth and career growth, moreover, the first of them is the main one. Growth in income is taken into account by all world rankings of business schools, and this is the main reason why people go to MBA. Meanwhile, the majority of Russian graduates (57%) note that the main value of an MBA for them is the knowledge and skills they have acquired in a business school that are necessary for successful work, and not an increase in income (9%). Every sixfth respondent (16%) marks the business connections as the main value; every seventh respondent (14%) - the career growth.
According to MBA.SU, middle managers' earnings after MBA grew by an average of 45%, top managers - by 39%, business owners - by 62%. Even in the case of zero career growth, MBA graduates record an increase in income by an average of 20-30%.It should be noted, however, that 17% of alumni reported income growth from 100% to 500% and more. The indicator of "career growth", which 14% of business school graduates rated as the main achievement from education, in the overwhelming number of cases also leads to an increase in income.
It is interesting to compare the current indicators of satisfaction with training with those of five years ago. Thus, the number of graduates who noted "career growth" as the main result of studying at an MBA has increased 3 times since 2016 (from 5 to 14%), "income growth" - 2 times (from 4 to 9%), "business communications "- 2 times (from 8 to 16%). This testifies to the impressive positive dynamics of growth in the quality of education in leading Russian business schools.
This year, we asked graduates to evaluate the effectiveness of their MBA studies, based on the ratio of the time spent and money to the result obtained. The vast majority of graduates (94%) rated the effectiveness of their MBA education from "very good" to "excellent". This fact puts an end to many years speculation on the topic "is it worth studying for an MBA?" that periodically arises in the media.