St. Petersburg University Graduate School of Management is the successor of the Faculty of Management of St. Petersburg State University, which was established through the initiative of Stanislav P. Merkuriev, Rector of St. Petersburg State University, a prominent Russian expert on theoretical physics. Rector's order, signed on January 25, 1993, was preceded by a cooperation agreement with the University of California, Berkeley (November 4, 1992) in the project for the creation of the Faculty “School of Management” of St. Petersburg State University.
The foundation of the new faculty was initiated by an outstanding scholar and renowned research university. Not surprisingly, the leading professor of the Faculty of Economics Yury V. Pashkus (1939-1996), known for his research work on the foreign economy, especially on German financial and banking system, was invited to chair such an innovative faculty.
Over a short period from 1993 to 1996 Yury V. Pashkus being the Dean organizing new faculty, succeeded in creating the foundations of all future research directions. His last monograph on the real estate market, co-written with his numerous students, was published at the time when he was gone.
Since 1996 the SPbU GSOM hosts traditional Pashkus Readings on the last Friday of October. During this event the faculty and researchers of the School commemorate Yury V. Pashkus contribution to the creation of SPbU GSOM.
Since 2006 under the Decision of the Academic Council of September 6, 2006 (Protocol 1) the format of Pashkus Readings has changed. In order to increase the value the Readings since then consist of one hour lecture on basic or applied management problems with the subsequent opponents speech, questions and discussion.