St Petersburg University (SPbU) has improved its place in the Financial Times European Business School ranking 2020, published on December 7, 2020. The Graduate School of Management SPbU (GSOM SPbU) took a record 51st position in the overall European ranking, having risen by eight points compared to last year.

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“15 years ago, President of the Russian Federation Vladimir Putin initiated the priority national project “Education” and set the task of creating a world-class Russian business school to train leaders capable of solving global economic problems and increasing the competitiveness of both individual sectors of the economy and the country as a whole. The steady improvement of GSOM SPbU position in the ranking is an indicator of our compliance with a given vector, confirmation of the fruitful work of the university team and an independent assessment of students and alumni success. We are delighted with the high result and are ready to pursue new ambitious goals,” said Nikolay Kropachev, Rector of St Petersburg University.

The Financial Times evaluates educational institutions on the basis of positions in individual rankings — Master's, Executive MBA and MBA programmes, as well as corporate programmes. This year, the GSOM SPbU Executive MBA programme entered the top 100 of the Financial Times Executive MBA Ranking 2020 for the first time, which contributed to the growth of SPbU in the overall ranking of European business schools.

“GSOM SPbU constantly updates educational programmes so that our alumni are in demand in the labor market, and leading employers from all over the world would like to have such specialists. The ranking results are an indicator that we are going in the right direction. One of the key goals of a new development strategy of GSOM SPbU is to enter the top 30 of the all-European FT ranking by 2025. We want to be not only close, but on a par with the leading business schools in Europe to create knowledge, develop leaders and change the world for the better,” said Olga Dergunova, Deputy President and Chairman of the Management Board of VTB Bank, Director of GSOM SPbU.

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The Financial Times analyzes educational programmes based on data obtained from business schools and through surveys of alumni. The final place in the ranking is influenced by such criteria as the average income level, salary and career growth of alumni within three years after the end of the programme, the degree of international academic mobility, the level of scientific research at the school, the percentage of faculty with a scientific degree, and others. The Financial Times rankings are an international and accepted quality mark for business education programmes.