WORLD BANK STUDY RANKS RUSSIA'S TOP 20 BUSINESS SCHOOLS

The Russian magazine Den'gi (Money) for November 5, 1997, published a ranking of Russia's top 20 business schools. The ranking is based on a survey commissioned by the World Bank and carried out by the Institute for Strategic Analysis and Development.

More than 1,000 business school graduates and employers in eight Russian cities were interviewed in the course of the study. The methodology was similar to that used by U.S. News and World Report and Business Week magazines in their rankings of U.S. Business Schools. Schools were rated on a scale of 1 to 100 in 14 categories.

The No. 1 spot overall went to the Division of Second Higher Education of the Moscow State Financial Academy. LETI in St. Petersburg was No. 2. No. 3 was the American Institute of Business and Economics in Moscow, and No. 4 the MBA program run jointly by the Academy of National Economy and California State University, Hayward.

The Finance Academy received the top rating of 100 in the categories "authority of diploma" and "mentions by employers in a positive context." LETI got the top rating for "number of employers ranking the school as best."

The American Institute of Business and Economics received a 100- point rating in four categories, "average increase in pay after graduation," "number of alumni recommending the school to friends," "quality of placement service," and "influence of knowledge learned on career change." The ANE/Cal State program was rated top in terms of "mean salary of alumni."

The complete top-20 list follows:

1. State Finance Academy, Division of Second Higher Education
2. LETI (Lavanium), St. Petersburg
3. American Institute of Business and Economics, Moscow
4. Institute of Business and Economics, Academy of National Economy/Cal State Hayward
5. Higher School of International Business, Academy of National Economy
6. MIRBIS
7. State Finance Academy, Institute of Retraining and Requalifcation
8. Higher School of Economics, Ministry of Economy of Russia
9. Institute of Business and Business Administration, Academy of National Economy
10. St. Petersburg International Institute of Management
11. Russian Academy of Entrepreneurship (Moscow)
12. Higher Economic School of St. Petersburg U. of Economics and Finance
13. Special Faculty of Management, St. Petersburg State University
14. International University (Moscow)
15. International School of Business, Russian Peoples' Friendship University
16. International Institute of Women in Management
17. Institute of International Association of Small and Medium Business (St. Petersburg)
18. St. Petersburg State Technical University, Russian-American Higher School of Management
19. International Banking Institute, St. Petersburg
20. Moscow International School of Finance and Banking

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