On September 14, 2015 Financial Times announced the results of Master in Management ranking where St. Petersburg University is still the only representative of Russia. St. Petersburg MiM is now the 46th in the world having jumped 10 points up and outrun many leading schools.
The international recognition has confirmed once again the efficiency of the development strategy and highest requirements to the education programs accepted in St. Petersburg University.
“Having received the highest quality education our alumni get the key job positions in the largest Russian and international companies. There is no other Russian business school that may boast that the average salary of a young alumnus (three years after graduation) reaches $50 000 per year”, — comments Nikolay Kropachev, Rector of St. Petersburg University.
Permanent growth in the leading global rankings is a result of successful implementation of SPbU Development Program. “SPbU dynamics in the FT ranking proves that Russian business education has reached a high level and now acknowledged both in Russia and abroad, — points out Sergey Ivanov, Chief of Staff Presidential Administration of Russia, Chairman of the Advisory Board of the Institute “Graduate School of Management” of St. Petersburg University. — I am pleased to congratulate the staff and faculty of the University with the new remarkable achievement. I am sure that the faculty professionalism and the highest level of knowledge of management students would guarantee new success and become a role model for other Russian universities”.
St. Petersburg University was first listed in the Financial Times ranking in 2013. Then Master in International Business was featured among top-70 of the FT ranking “Global Masters in Management 2013”, having reached the 65th position. In 2014 SPbU advanced its position at 9 points to the 56th position. The closest ranking environment involved two prestigious British schools – Manchester School of Business and Durham University Business School, several famous centers of education in Central and Eastern Europe, as well as two leading Norwegian schools – BI and NHH.
“The fact that GSOM SPbU gets in the FT ranking for 3 consequent years proves that we chose a correct strategy for our school development. We discussed the further development of the school with President Vladimir Putin when he was visiting our new campus this spring. In contemporary world it is vitally important for Russia to have a highly competitive basis for development of global level economists. I would like to notice that both SPbU administration and top government officials pay a lot of attention to this issue. The results are now visible in the new Financial Times ranking”, - remarks Andrey Kostin, Director of the Institute “Graduate School of Management” of St. Petersburg University, President – Chairman of the Board, VTB Bank.
The ranking is done on the basis of the data received from schools and anonymous poll of graduates. The most important criteria influencing the ranking position are:
• weighted salary of the graduates three years after graduation (20%),
• career status of alumni three years after graduation calculated according to career status and company size (10%),
• international career mobility (10%),
• international academic mobility (10%),
• faculty with doctorates (6%),
• value for money: calculated according to alumni salaries today, course length, fees and other costs (5%).
Other criteria include the share of employed alumni three months after graduation, number of international professors and students, and even the percentage of women among faculty, board and students.