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- Words:
- 1691
- Submitted:
- Fri Oct 23 2009
- Mark submitted by Author:
... International Business: Russian Articles on Business and Economic Activity James Windsor 12TU2 Demand for Russian MBA's drops The demand for the Master of Business Administration courses in Russia has dropped over the past year by 50%. This comes as a surprise as there were a number of discounts and flexibility programs to combat the effect the recession would have on the program. The extreme drop in MBA applicants is being blamed on employers cuts in employee's education expenses due to the economic downturn as 90% of MBA applicants are funded by their companies. Pavel Ulukaev- Director of MBA and business education programs at the Plekhanov economic academy is an example of this as his former employer paid half of the $15,000 course fee for his MBA. However he has now claimed that experience is more valuable to a majority of businesses, a claim which is backed up by Mikhail Zhukov the CEO of recruitment firm Head Hunter. Overall
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