Introduction: MBA in Russia is now becoming a popular destination for students who want a master’s degree from abroad. Unlike other foreign countries Russia is a little less expensive, comparatively, it may cost around 8 to 10 lacs maximum per year for tuition fee depending upon the ranking of the college.
In the past, medical and engineering courses are trending in Russia with many Indian students already studying there. It is also because Russia as a country is evolving day by day and technological advancement has become quite common.
Russian climate and ambience of its cities are also major reason to choose the country for higher studies. Adding to its value Russian cities is well connected and has good internal transport system which also provides students with monthly passes cutting the overall travel cost.
Why choose MBA in Russia?
Education quality standard in the Russian universities are at par to the international education system and the curriculum is upgraded with need and time. Accommodation and other facilities both in and outside the university campus are in great shape adding to it is the Russian lifestyle and ambient cities makes it an attractive place to study.
The MBA course offered in the Russia comes with a wide variety of specialization that covers a lot of business enterprises like manufacturing companies, banks, entrepreneurship, finance, managing human resource, operation and management etc.
Comparing tuition fees in the Russian universities with other countries the cost is little less expensive and the quality of education and specializations are almost same. That is why many medical and engineering enthusiasts are choosing Russia as their academic destination.
A student may complete an English language proficiency course like IELTS or TOEFL but most of the Russian universities may not require and therefore you save money on completing those courses.
International students can also avail the scholarship provided by the Russian government and universities which if one receives it might cut down the tuition fees to much lesser than expected. Students have to online search for such scholarships and have to apply and get approval prior to seeking admission in any MBA college in Russia.
What is duration of MBA in Russia?
The typical MBA in Russia may last for 2 years to complete. Other MBA program like executive MBA or Online MBA may take a little longer and students are allowed to choose the duration, such programs may last up to 20 months.
Top MBA colleges in Russia
| S No. | Name of Business School |
| 1 | The Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russia. |
| 2 | State University of Management – Higher Business School, Moscow, Russia. |
| 3 | The Russian Presidential Academy of National Economy and Public Administration (RANEPA) – Graduate School of International Business (GSIB), Moscow, Russia |
| 4 | St. Petersburg University – Graduate School of Management, St. Petersburg, Russia |
| 5 | International Institute of Management LINK / The Open University Business School, Zhukovsky / Moscow Region, Russia |
| 6 | Sinerghia (Synergy) Institute of Economics & Finance, Moscow, Russia |
| 7 | Vlerick Business School – St. Petersburg Campus, St. Petersburg, Russia |
| 8 | International University of Fundamental Studies (IUFS), St. Petersburg, Russia |
| 9 | Plekhanov Russian University of Economics, Moscow, Russia |
| 10 | Kaliningrad International Business Institute (KIBS), Kaliningrad, Russia |
| 11 | The American Institute of Business and Economics (AIBEc), Moscow, Russia |
| 12 | Eurasian Management and Administration School (EMAS Business School), Moscow, Russia |
| 13 | Moscow School of Management – SKOLKOVO, Moscow, Russia |
| 14 | Kazan Federal University, Kazan, Russia |
| 15 | Moscow University Touro, Moscow, Russia |
| 16 | MIRBIS – Moscow Business School, Moscow, Russia |
| 17 | IMISP International Management Institute St. Petersburg, St. Petersburg, Russia |
| 18 | Stockholm School of Economics · Russia, St. Petersburg, Russia |
| 19 | Lomonosov Moscow State University Business School, Moscow, Russia |
MBA in Russia Eligibility Criteria
The eligibility criteria depends upon the university where the admission is sorted by the student but as far as we have researched there are some common points that all the universities adhere to, which are as below.
- The applicant for MBA in Russia must have completed 15 to 16 years of education with a bachelor’s degree in any discipline.
- The student must have aggregate 50% marks in the Bachelors degree program to avail admission.
- The English language proficiency tests like TOEFL or IELTS is not nessacary but if a student wants than he/she can get the certification done. Having said that, a student should be fluent in the English language as the medium of language to study there will be English and they might take a personal interview.
We also suggest that, being on safer side the students must check with the admission authorities of the college in Russia.
Check out Top MBA colleges in India
https://careerstar.in/mba-colleges-in-india/
What is the cost of completing MBA in Russia?
We can provide you with an estimation of tuition fees in Russia and what it looks like. Although the MBA course fee may vary from college to college and the charges may range from $2,000 to $ 12,000 (1.45 lac to 8.9 lac per year). In addition students have to spend separately on hostel or lodging charges with grocery.
Student Visa and Documents required for MBA in Russia
The student visa can be obtained from the Russian embassy in your own country, at first, the visa is provided for just 3 months which can later be extended to up to 1 year. During the academic tenure a student again have to apply for visa extension and that is how it goes.
Documents required
- Official Invitation letter from the University where the admission is granted.
- Photo copy of the student’s international passport.
- Approved visa application form.
- Proof of payment for tuition fees in the form of receipt etc.
- Latest passport size photograph.
- HIV negative lab report.
- For students less than 18 years of age a parental consent should be accompanied duly notarized.
Check out details about GMAT examination
https://www.gmac.com/gmat-other-assessments/about-the-gmat-exam/gmat-online
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