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ST. PETERSBURG, December 5. /TASS/. The St. Petersburg State University Graduate School of Management has taken the 64th position out of 90 in the Financial Times European Business School Ranking 2016 published on Monday. Last year, the St. Petersburg State University occupied the 62nd position.
"This year’s Financial Times rankings once again confirm the high quality of education provided by the St. Petersburg State University," University Chancellor Nikolai Kropachev told TASS commenting on the rankings. "Having taken the 64th position out of 90, and meeting the highest international standards set by the Financial Times, the St. Petersburg State University Graduate School of Management remains the best Russian business school. However, we are determined to keep on pressing forward to become the best school not only in Russia, but in the world as well."
The chancellor noted that "the St. Petersburg State University Graduate School of Management first entered the Financial Times’ European rankings in 2013, given that since 2012, it has remained Eastern Europe’s best educational center according to the EdUniversal ranking."
First Deputy Director of the St. Petersburg State University Graduate School of Management Konstantin Krotov explained some special aspects of the Financial Times rankings: "the Financial Times European Business School Ranking is an institutional ranking assessing a business school’s activities in general, based on its performance in the five main rankings published by the Financial Times each year." According to Krotov, at present, the Masters in Management program provides the St. Petersburg State University Graduate School of Management with an opportunity to be included in the Financial Times rankings.
"The St. Petersburg State University Graduate School of Management’s Masters in Management program has strengthened its position in the Financial Times - Global Masters in Management ranking moving up from the 46th place to the 39th out of 90," Krotov elaborated. "We expect the Master in Corporate Finance program to enter the rankings as the number of students grows, as well as the Executive MBA program, provided that the graduates are ready to share information on their income," he said.
The St. Petersburg State University Graduate School of Management is accredited by the European Quality Improvement System (EQUIS), a school accreditation system specializing in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFMD). The accreditation is awarded to business schools based on general quality, the process takes into account the quality of the diploma programs, the business school's level of internationalization and its ties with the business community.