EXECUTIVE MBA
Nazarbayev University main building
INNOVATION Welcome to an ambitious academic undertaking, designed to impact generations of global business leaders to come. The establishment of the Graduate School of Business at Nazarbayev University signals an exciting approach to management education in one of the most dynamic regions of the world. This new education model, which draws from world-class faculty in a curriculum informed by local business knowledge, is being designed to promote innovation, enabling Kazakhstan and the wider Central Asia region to manage our vast natural resource wealth and be competitive in world markets. Join us as we build a business school that will reflect Kazakhstan’s unique position in the world – both a leader in Central Asia, and an important bridge between the world’s most influential economies.
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History of the University Our history began in 2006, when the President of Kazakhstan, Nursultan Nazarbayev, addressed the nation with his strategy to promote Kazakhstan into the ranks of the most competitive economies in the world, by the establishment of a world class international research university. The founding of such a university was intended to ensure a breakthrough in the training of scientists, engineers and social scientists that would assist in the industrial innovation and development of the Republic of Kazakhstan. On June 20, 2009 the Government of the Republic of Kazakhstan issued a resolution to establish a non-profit joint-stock company “New University of Astana” fully owned by the government; and in a general meeting on September 4, 2009 with President N.A. Nazarbayev, a series of direct assignments were issued to launch the establishment of the New University of Astana. “Creation of such a new university is a crucial national project which will exert large-scale systemic impact on the development of our nation and many of our citizens. I believe that the New University must be positioned to become the national brand by harmoniously combining national identity and the best international models of education, science and research practice.” said President Nazarbayev. The set of courses taught at the university reflect the priorities of the national economy. Engineering is a key focus in order to support the mature industries 6
of Kazakhstan, and the President placed a high priority on several other scientific domains – genetics, biochemistry, and biophysics - which represent new fields in the country. Innovation as an ecosystem in the country was another goal, as Presidency Nazarbayev emphasized in his address to the nation in January 2010. The President announced that within the framework of New University of Astana, three new research centers would be established: the Center of Life Sciences , whose mission was to conduct joint research with the leading global scientific centers in the fields of organ transplantation, artificial heart and lungs, stem cells and longevity; the Center for Energy Research, which would focus on renewable energy, high-energy physics and technology; and finally, the Interdisciplinary Instrumentation Center which was intended as a hub of engineering research, providing laboratories and design space. In June 2010, New University of Astana was renamed as Nazarbayev University by Resolution of the Government of the Republic of Kazakhstan, and the University’s Grand Opening Ceremony was held and attended by the President.The first students of the University began their studies on September 27, 2010, attending the Foundations program. Shigeo Katsu was appointed Rector of Nazarbayev University on December 6, 2010 and the President signed several bills related to the University, its schools and its funding, in January 2011. The inaugural meeting of the Supreme Board of Trustees was convened in June
2011, and in August of that year education in the three undergraduate schools began: School of Engineering, School of Science and Technology, and School of the Humanities and Social Sciences. In November 2011, Nazarbayev University hosted its first international conferences, “Modern Trends in Education,” and “Regenerative Medicine and High-Quality Longevity.” On February 27, 2012, the first seed grants were awarded. Also in 2012 was the renaming of the PE “Center for Life Sciences” to PE “Nazarbayev University Research and Innovation System” (or NURIS). In late 2012, three graduate schools were officially established: Graduate School of Business, Graduate School of Public Policy, and the Graduate School of Education. In March 2013, the Graduate School of Business launched its Executive MBA program in strategic collaboration with The Fuqua School of Business, Duke University. On April 18, 2013, the Strategy of Nazarbayev University for 2013 – 2020 was approved by the decision of the Supreme Board of Trustees creating a classic academic governance system, strengthening the roles of the Academic and Research Councils, and President of Nazarbayev University. On April 24, 2013, the new executive body of the university, the Managing Council, was formed by the decision of the Board of Trustees of Nazarbayev University.
Republic of Kazakhstan President Nursultan Nazarbayev speaking at Nazarbayev University
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Strategic Collaboration In 2009, Nazarbayev University established a strategic collaboration with Duke University’s Fuqua School of Business to assist in its ambition to build a world-class business school in Astana. Duke’s Fuqua School of Business is a world- renowned institution based in the United States, with the #1-ranked faculty in the world.. The school has a global network with presence in London, Dubai, New Delhi, Shanghai and St. Petersburg. Fuqua has a history of innovation, having launched three MBA programs for working
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professionals and most recently an MMS program, and having developed unique relationships in the most critical regions of the global economy. The collaboration between our schools leverages leadership, faculty and staff expertise in supporting the growth of NUGSB. Currently, The Fuqua School of Business faculty teach alongside the NUGSB faculty in our MBA programs, and collaborate with our faculty and staff to build a strong teaching and research institution.
The Fuqua School of Business, Duke University
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Graduate School of Business The mission of the Nazarbayev University Graduate School of Business (NUGSB) is to develop the next generation of globally minded business leaders who will become drivers of social and economic development in Kazakhstan in the 21st century. We help students develop competencies that will make them smarter entrepreneurs, more effective managers, and more responsible leaders. NUGSB aspires to become recognized as the leading school in Central Asia in the coming five years. We want to be known for the quality of our education, the relevance of our research, our international orientation, and our engagement with the business community. We plan to deliver a full-fledged portfolio of programs with a focus on General Management through MBA programs in different formats and for different market segments (i.e. executives, young professionals) as well as a series of more specialized, shorter non-degree programs for executives, entrepreneurs and professionals at different levels. In addition, we provide customized programs designed to meet the specific needs of corporate clients.
Degree Programs 1. Executive MBA 2. Full-Time MBA 3. Master in Engineering Management Non-Degree Programs 1. Small to Medium Sized Enterprise Executive Development Program 2. Customized Programs 3. Open Enrollment
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Corporate Testimonials It has been a privilege for me to lead the Tengizchevroil (TCO) partnership for the last four years. TCO operates the Tengiz and Korolev fields in Western Kazakhstan. Tengiz is the world’s deepest producing super giant field that was discovered in 1979. The TCO partnership was formed in 1993 and production from TCO accounts for 30% of the Republic of Kazakhstan’s crude oil output. The success of TCO has been built on the hard work and dedication of its workforce through the years. Today, Kazakhstani citizens hold 86 percent of TCO positions, compared to 50 percent in 1993. Kazakhstani managers and supervisors represent 75 percent of the TCO managerial workforce. Ongoing training and development programs exist to support the advancement of employees to positions of increasing responsibility. The demanding work at TCO requires our leaders to be among the best in the world. Not only do they need deep functional expertise, but they must also have the right understanding of TCO’s business drivers and how a leader’s decisions can impact every element of the business and the workforce. The advent of the Nazarbayev University Graduate School of Business (NUGSB) and their Executive MBA program provides world-class executive business training in Kazakhstan. It was a great opportunity for us to select from our best and brightest to participate in this advanced business training. It was an honor for one of our employees to be accepted into the first class and her experience and the education that she received has her well positioned as a future leader of TCO.
My name is Gregor Mowat and I am Managing Partner of KPMG in Kazakhstan and Central Asia, a professional services firm with more than 400 staff providing Audit, Tax and Advisory services across Central Asia out of 4 offices in Kazakhstan and Kyrgyzstan. Great managers need diverse skills to be able to operate at the top level in KPMG. As well as providing the best technical advice, we need people who can lead teams, develop new go-to-market strategies, understand the dynamics of profitable growth and win new clients. The diverse range of activities provided by NUGSB is designed to produce exactly this kind of person. Through their innovative approach to team building and the excellence of their programs, created together with the Fuqua School of Business at Duke University , as well as the quality of their teaching staff, NUGSB grads have what it takes to succeed in our firm or in other roles both in Kazakhstan and across the world. Gregor Mowat Managing Partner – KPMG in Kazakhstan and Central Asia
Our future rests in the hands of the young leaders of today. NUGSB helps us prepare those leaders for the challenges they will face as we continue to build on one of the longest, most productive partnerships in Kazakhstan. Tim G. Miller General Director - Tengizchevroil 11
Executive MBA (EMBA)
Executive MBA: Local Context – Global Scope Overview: The Executive MBA (EMBA) program consists of 70 ECTS, and takes 20 months of study to complete. Instruction is in English with simultaneous Russian translation. The EMBA program is designed to facilitate the development of general management skills for entrepreneurs and individuals who are seeking to increase their business skillset and advance their careers. EMBA students travel to Duke University in Durham, North Carolina, in the United States to learn about the economic, political, cultural, and social issues that affect business there. Students receive the highest quality education from a world class faculty through a variety of unique learning methods including team based, casebased, traditional classroom and simulation. While the core curriculum provides a foundation in all the functional areas of business, students have the opportunity to specialize through the electives and EMBA Thesis. Students focus on a business case or a topic identified by their employing organization, using this project as a mechanism to integrate their new skills into a career-specific context. Students will develop a wider scope through their U.S. residency providing students an opportunity to learn in a global context, while expanding their personal and professional networks.
Prepare for Tomorrow, Today: High Quality, World-Class Experience 12
The dynamic Astana skyline
Benefits In our MBA program, you will learn how to apply decision-making tools to structure and analyze complex business problems. You will be challenged to explore new ideas and ways of thinking. You will improve your personal and professional leadership skills. Our MBA program will prepare you to succeed in the complexity and uncertainty of an interdependent global economy. As you go through the MBA program, you will gain new skills, new ways of approaching complex problems and selfconfidence.
Students of the NUGSB EMBA program benefit through: • obtaining an MBA while working full time; • enhancing professional network regionally and internationally; • accelerated career trajectory; • engaging with students from a broad range of academic and applied backgrounds; • strengthening core business skills, and learning from some of the brightest thought leaders in academia: professors who have taught, worked, and researched around the globe; • studying in a state of the art environment with the newest facilities and technologies.
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Employers benefit through: • increased employee effectiveness; • employee loyalty; • building long-term capabilities necessary to compete in the global marketplace; • improved decision making; • playing a role in transforming business in Kazakhstan by developing management and leadership capabilities; • access to faculty, student, government and corporate networks; • a possible solution to a current organizational challenge through the employee’s thesis work.
On November 30, 2014 New Building for Nazarbayev University Graduate School of Business and Graduate School of Public Policy was opened. The Grand Opening Ceremony was held with the participation of the Prime-Minister of the Republic of Kazakhstan Karim Massimov.
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Class profile EMBA 2014 -2015 and EMBA 2015-2016 class statistics 5%
The EMBA program is designed for corporate managers and entrepreneurs with 5 or more years of work experience. Each class cohort is drawn from a broad range of industries and disciplines.
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managing director
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director head of the department senior manager vice president entrepreneur chairman
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deputy head of the department 35%
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68%
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35 years
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Average work experience
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Organizations represented: Sovereign Wealth Fund «Samruk-Kazyna» JSC , «NCOC», «TengizChevrOil», «Samruk Energy», «KazMunaiGas E&P», «Kazakhstan Temir Zholy», «KEGOC», «Kazpost», «Nazarbayev University», «KazTransGas», «KazTransGas Aimak», «PetroKazakhstan», «SAT & Co.», «OzenMunaiGas», «Plant ZhBK» Functional areas and industries: Energy, Transportation, Corporate Development, Finance, Law, Service, Information Technology, Education, International Relations, Investments, Strategy, Risk Management, Human Resource Management, Manufacturing Process Control, Social Policy, Economics, Marketing, Health Care.
EMBA class of 2015
Curriculum
EMBA THESIS This capstone allows each student to deepen their skills and expertise specific to career goals and industry or organizational challenges.
ELECTIVES Students select 3 courses applicable to their career goals: Finance, Leadership, Marketing, Strategy and Negotiations
CORE The 12 required core courses cover the fundamental building blocks of business education: Managerial Economics, Management and Organizations, Quantitative Tools for Managers, Financial Accounting, Marketing, Foundations of Finance, Strategy, Supply Chain Management, Managerial Accounting, Corporate Finance, Financial Analysis, and Entrepreneurship
ORIENTATION This period lays the foundation of skills necessary for success in the program: Computer Applications; Quantitative Methods; Team Building; Program Orientation All courses subject to final approval.
Participants’ Testimonials My name is Almassadam Satkaliyev. I am an EMBA student at Nazarbayev University Graduate School of Business (Class of 2014). Currently I work as a CEO at “Samruk-Energy” JSC. Samruk-Energy is a holding company with a mandate of implementing government policy in the energy sector. The company’s main spheres of activity are generation, transmission and distribution of electricity, and coal production. Samruk-Energy is represented almost in every region of the country, employing around 24 thousand people. The Company accounts for around 47% of Kazakhstan’s total electric capacity, almost 40% of the country’s electricity generation and coal production. Today, in the era of globalization, the most important source of a company’s competitive advantage is its internal capabilities. Therefore, successful management of an organization requires a top manager to effectively mobilize a company’s resources in a way that both maximizes internal efficiency and meets external challenges. Nazarbayev University, which was created on the initiative of the President of the Republic of Kazakhstan, today is one of the most successful educational and scientific projects in the region. NU GSB’s strategic partnership with the Fuqua School of Business at Duke University, one of the leading business schools globally, ensures unique learning methods and approaches. Together with the university’s extraordinary faculty and advanced research base, this makes NU GSB a desired destination for gaining international knowledge and expertise required to meet today’s challenges of globalization and integration, while taking into account specifics of Kazakhstan. It is a great opportunity to meet my educational objectives, and to gain skills to adopt and implement new ideas and strategies in the management of my company. 20
The EMBA program at NU GSB provides me with an opportunity to acquire world-class knowledge from distinguished staff from around the world, while staying in Kazakhstan, allowing me to continue to work full-time. I highly appreciate that here in Kazakhstan we have such a highlevel educational institution with international academic standards, whose graduates possess the necessary knowledge and skills to be able to make contributions to the development and prosperity of the economy of Kazakhstan. Therefore, as an employer I encourage and support the education of our top-managers through participation in NUGSB’s degree and non-degree programs. Almassadam Satkaliyev CEO at “Samruk-Energy” JSC
The program of the Nazarbayev University’s Graduate School of Business offers full time, working professionals an opportunity to earn a world-class Executive MBA degree while living in Astana and maintaining one’s career. It is a great opportunity to learn from distinguished professors from The Fuqua School of Business at Duke University here in Astana. My experience here has been nothing but positive. The program has greatly improved my managerial skills and has provided me with strong knowledge in finance and economics. It is an ideal platform for expanding your professional network, creating life-long friendships and learning from your classmates. Talgat Sarsenbayev Chief Legal Officer and Board Member - National Welfare Fund «Samruk-Kazyna».
Having been enrolled in the EMBA program at Nazarbayev University for the second consecutive year, I started to catch myself wondering what my life would look like without this education. Now I can say with confidence, it would be poorer, much poorer. In psychology there is a method of personality diagnosis, which is named «15 major events in life» (I got a bachelor degree in psychology). Psychological time personality depends on the kind of event a person indicates as the most important in life. A person may indicate formal events and interpret them as inevitable such as «went to high school», college, changed 3 jobs». But he/she may specify meaningful events semantically that generally give momentum, boost and result in changes. Getting educated at NUGSB was exactly this type of event for me. Firstly, the new understanding of reality surrounding me (for example, how to start a business, how to make financial and investment decisions, what it means to be a leader, being able to change the world around you). Secondly, the program resulted in a new attitude toward work, expanding of my vision, a new view at the organization’s workflow, the work of your colleagues and managers. I began to understand better the ways to build an organization and ways to manage it. I currently work at «Samruk-Kazyna» Fund and we have always supported the academic programs of Nazarbayev University. I now realize that the more people finish a program successfully, the more effective organizations’ decisions will be. Not less than 10 managers are sent annually to Executive MBA program from «Samruk-Kazyna» companies. Support is also provided to employees who choose to study in NUGSB programs. And thirdly, I hope I will be a role model for my children and for all those who have doubts about going to school. It is never too late going to school. Of course, it is a lot of stress, but the results and the habits and mind-set developed over two years to appreciate and effectively use each minute of time will stay with you for life.
My Executive MBA experience at the Nazarbayev University was very remarkable. Busy weekends over 2 years spent in classes, many halfsleepless nights working on group assignments with my team, eyeopening lectures by Duke faculty and the enjoyable winter residence at the Fuqua School of Business did equip me, not only with very useful knowledge and skills required for my daily management work, but also helped me to make so many professional network contacts with my peer students who are working professionals in different fields, true leaders and very positive, genuine individuals. I work as the CEO of the government-owned company which administers the Bolashak Scholarship of the President of Kazakhstan. We have almost 3000 scholars studying in world-class universities in over 30 countries on an annual basis, and we monitor contract commitments of over 7000 Bolashak alumni, with an annual operating budget of about 100 mln. USD. My EMBA education significantly and effectively contributed to the way I approached the work of the company where I focused on issues of financial efficiency, business processes optimization, corporate culture and management improvement, making effective use of knowledge and information I received right from the classes as I returned to work the next day following each weekend residency. As a professional manager, prior to enrolling in the NUGSB EMBA program, I lacked MBA and finance knowledge and skills. The NUGSB EMBA helped me to become a better manager in every aspect of this profession. Gani Nygymetov President of JSC «Center for International Programs» (Bolashak Scholarship of the President of Kazakhstan)
Gulmira Raissova Director of Human Resources Management Department “Samruk-Kazyna” National Fund 21
Participants’ Testimonials For a number of years I wanted to study in a reputable business school, which, however, would require that I take a year or two off and move. With a job that I did not want to quit and with a family, this thought was becoming just a dream. I was very lucky to be able to enroll in and become part of the NU EMBA. Its format, location, and partnership with Fuqua GSB was an ideal answer to all of my wishes.
When I learned that Nazarbayev University partnered with the Duke’s Fuqua School of Business and launched the Executive MBA (EMBA) program, I saw this as an opportunity to advance my knowledge in areas critical for my professional growth as a leader. Although this EMBA program has been intense and demanding, I find it to be one of the best educational experiences I have ever had. First and foremost, I benefit from learning from top notch professors and interacting with other executive level peers from diverse backgrounds. We definitely push each other to think critically and creatively. For example, we often share our experiences by working in teams on challenging business cases and through lively discussions on different exciting business topics. In addition, this program offers a convenient class schedule (weekend residencies) for busy professionals like myself. And its modular structure allows me to apply at work immediately what I learn in class. No doubt, NU’s Executive MBA program is a great and rewarding experience that is worth the time and money invested! I am grateful to the TCO management and my family for supporting me through this program. Aliya Jaxiyeva IT Planning and PMOSupervisor – Tengizchevroil
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The learning process has greatly exceeded my expectations. The most important aspect is the School’s focus on developing intuitive understanding (as opposed to memorizing) and on maintaining a close connection to the real workplace. Combining the most contemporary business knowledge of our professors with the local experience of my classmates creates an excellent learning environment. Every business concept is a piece of practical knowhow and know-why that so far has been directly applicable to what I do at work. Kazbek Aubakirov PSA/JOA Manager, NCOC
There are several reasons why I chose the NUGSB EMBA program. Firstly, the EMBA Program of Nazarbayev University Graduate School of Business (NUGSB) is realized in cooperation with Duke University’s Fuqua School of Business, which is highly ranked among international business schools. It is widely thought that business management is easily understood from an American perspective. So, the EMBA classes provide me with an excellent opportunity to obtain so called “original American knowledge”. This includes: easy-to read books; best business cases developed by faculty at worldwide universities; and an American native faculty, who do their best to present materials in a condensed but understandable way. Secondly, the number of students in a group is not large. Thus, the instructor has sufficient time and opportunity to deliver class materials while recognizing individual needs and learning styles. Thirdly, the EMBA allows me to obtain relevant theoretical and practical knowledge and to be able to apply this knowledge at work, and to share my professional and personal experiences with my peers during classes. Finally, the EMBA is a great chance for my peers and I to get to know each other better. Over the course of one year we have become one family, which is the kind of human capital that is really valuable to me. Zhanar Raimbekova Senior Manager, Department of Finance, Nazarbayev University
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NUGSB Honor Code Nazarbayev University is a community of scholars and learners, committed to the principles of honesty, trustworthiness, fairness, and respect for others. Students share with faculty and staff the responsibility for promoting a climate of integrity. As citizens of this community, students are expected to adhere to these fundamental values at all times, in both their academic and non-academic endeavors.
Executive MBA students in class
Faculty Through our strategic collaboration with Duke University’s Fuqua School of Business, the NUGSB is able to draw high-caliber faculty members from around the world who have in-depth experience. Our faculty is comprised of thought leaders and leading researchers whose expertise and passion for innovation create a one-of-a-kind learning environment. A partial list of faculty that has taught, or is teaching in our Executive MBA program is written below. Chet Borucki Associate Dean of MBA Programs, Professor of Strategy and Management Specialization: Change management, corporate strategy, international business, analysis of organizations Undergrad Degrees: BS, Psychology, University of Massachusetts, USA (magna cum laude) Grad Degrees: MA, Organizational Psychology, PhD, Organizational Behavior and HRM, University of Michigan, USA (1989) Previous Affiliations: New York University, Nyenrode University - The Netherlands Business School, Seoul National University, International University of Japan, Temple University Japan, Tilburg University - TIAS Business School
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Venkat Subramanian Associate Professor of Strategy
Marek Jochec Assistant Professor of Finance
Specialization: Strategy, international business
Specialization: investments, corporate finance, international finance, financial derivatives, financial modeling, corporate valuation
Undergrad Degrees: Master of Science in Aircraft and Aeroengines Maintenance, Kiev Institute of Civil Aviation Engineers, Kiev, Ukraine (1994) Grad Degrees: Master of Business Administration (Distinction) Solvay Business School, Université Libre de Bruxelles, Belgium (1996), PhD in Management (Grand Distinction) Solvay Business School, Université Libre de Bruxelles, Belgium (2003) Previous Affiliations: University of Hong Kong School of Business, Vlerick Leuven Gent Management SchoolCatholic University of Leuven/ INSEAD, Catholic University of Leuven
Undergrad Degrees: OPF SU Karvina, B.Sc. in Marketing Management, Czech Republic (1993) Grad degrees: Central European University, M.A. in economics, Central European University, Hungary (1994), PHD in finance, University of Illinois at Urbana-Champaign, Champaign, Il, USA (2009) Previous affiliations: ISCTE business school, Omsk State University / Irkutsk State Economic Academy, Kazakhstan Institute Of Management, economics, and strategic research, University of Ilinois at UrbanaChampaign
Jonathan R. Peterson Assistant Professor of Economics Specialization: applied microeconomic theory, personnel economics, industrial organization Undergrad Degrees: B.S., Department of Mathematics (Magna Cum Laude), Department of Economics (Summa Cum Laude), University of Utah, Salt Lake City, UT, USA (2004) Grad Degrees: Ph.D., Department of Economics, Cornell University, Ithaca, NY, USA (2010) Previous Affiliations: Johnson School of Management, Cornell University, Higher National Research University Higher School of Economics, Russia
(Associate Dean of MBA Programs, and NUGSB faculty member, Chet Borucki)
Patrick Duparcq Associate Dean of Executive Education, Professor of Marketing
Daniel W. Lund Associate Professor for Cross-Cultural and Human Resources Management
Dmitry Khanin Associate Professor of Entrepreneurship and Management
Specialization: Digital Marketing, Global Marketing, Marketing Strategy
Specialization: human resource management, strategic management, organizational behavior, and intercultural research
Specialization: international and domestic entrepreneurship (venture financing, social entrepreneurship, entrepreneurial intentions, international entrepreneurship
Undergrad Degrees: BA - Philosophy/ English Literature, University of Victoria, Canada (1998)
Undergrad Degrees: B.A. Moscow State University, Philosophy, Russia
Undergrad Degrees: B.A., Applied Economics, University of Antwerp, Belgium (1980) Grad Degrees: M.Sc., Applied EconomicsQuantitative Methods, University of Antwerp, Belgium (1982), Ph.D., Marketing/ Econometrics, Purdue University, USA (1993) Previous Affiliations: Northwestern University, Purdue University, Tilburg University (Netherlands), Nijenrode University (Netherlands), German International School of Management and University of Antwerp Atanu Rakshit Assistant Professor of Economics Specialization: macroeconomics, financial economics, time series econometrics, economics of emerging markets Undergrad Degrees: B.Sc., Economics (Honors) with Statistics and Mathematics, Burdwan University, India (2000) Grad Degrees: M.S., Indian Institute of Forest Management, India (2003), M.S. in Agricultural and Applied Economics, Virginia Tech, USA (2007), Ph.D. in Economics, Virginia Polytechnic Institute and State University, USA (2013) Previous Affiliations: Washington and Lee University, U.S., Virginia Tech.
Grad Degrees: MBA, Business Administration, Schulich School of Business, York University, Canada (2000), PhD, Strategic International Human Resource Management / Intercultural Management , Griffith University, Australia [AACSB] (2008) Previous Affiliations: College of Business, Alfaisal University; Fudan School of Management, Fudan University, Shanghai, China; MIT Sloan School of Management; Griffith University, Australia; International Business/Management, ITESM, Tecnologico de Monterrey University, Culiacรกn, Mexico
Grad Degrees: MBA University of Miami, International Business and Finance, USA (1999), Ph.D. University of Maryland, Strategic Management, USA (2006), Ph.D. Moscow State University, Philosophy, Russia Previous Affiliations: University of La Verne, Colgate University, Cornell University, Texas Tech University Earl Kay Stice Ernst & Young Professor of Accounting and Finance Specialization: Financial Accounting, Financial Statement Analysis, Managerial Accounting
Kirill E. Novoselov Assistant Professor of Accounting
Undergraduate Degree: BS, Accounting, Brigham Young University, USA (1981)
Specialization: economics of auditing, corporate governance
Graduate Degrees: MAcc, Accounting, Brigham Young University (1982); MS, Accounting, Cornell University, USA (1986); PhD, Accounting, Cornell University, USA (1988)
Undergrad Degrees: Diploma of Electrical Engineer, Moscow State Institute of Electronics and Mathematics, Russia (1993) Grad Degrees: M.B.A., University of North Dakota, College of Business and Public Administration, USA (2001), Ph.D. in Accounting, University of Texas at Austin, McCombs School of Business, USA(2007) Previous Affiliations: The Hong Kong University of Science and Technology
Previous Affiliations: Brigham Young University, Hong Kong University of Science and Technology (HKUST), SKOLKOVO (Moscow School of Management), China Europe International Business School (CEIBS), Rice University, University of Arizona 27
A partial list of faculty with Duke appointments who have taught or are teaching in NUGSB MBA programs include: Mohan Venkatachalam Professor of Accounting R.J. Reynolds Professor of Business Administration The Fuqua School of Business, Duke University Christine Moorman Professor of Marketing T. Austin Finch Professor Sr. of Business Administration The Fuqua School of Business, Duke University Fernando Bernstein Professor of Operations Management Adrian Allen Research Fellow and Professor The Fuqua School of Business, Duke University David T. Robinson Professor of Finance William and Sue Gross Distinguished Research Fello Research Director, Center for Entrepreneurship and Innovation Professor of Business Administration The Fuqua School of Business, Duke University
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EMBA class of 2014 with representatives from the NUGSB and the Fuqua School of Business
Faculty Testimonials I Just chose Nazarbayev University’s Graduate School of Business. How About You? As circumstances have it, I recently made a decision not unlike the one you’re about to make yourself. After teaching for 20 years in top executive programs around the world, I’m making Nazarbayev University’s Graduate School of Business my new academic home. The reasons why may provide you with an insight why you should also consider joining the NUGSB family. Nazarbayev University has a mission to build the top business school in the region and is well on its way to accomplish that goal. Many of the courses in the EMBA program are taught by world-renowned faculty from Duke University’s Fuqua School of Management while NUGSB itself is accelerating the hiring of full time faculty and research experts from around the world. NUGSB’s network of partners and alumni is growing and starts to resemble a verifiable who’s who in academia, business and government in Kazakhstan and abroad. In other words, this is where the action is. Sure, I’m eager to explore the amazing capital city of Astana, but I wouldn’t have moved here if I couldn’t stay connected with “movers & shakers” in business and technology both locally and globally. Neither should you. The list of current and former presidents, prime ministers, international diplomats, and business executives from around the world who have visited Nazarbayev University over the last few years should make you take note: Nazarbayev University means business, locally, regionally, and globally. Why should this affect my choice in EMBA programs, you may ask? In today’s world, it’s not enough anymore to learn useful tools to manage a business; it’s also crucial to understand global dynamics and technology trends that impact your business, even locally. At Nazarbayev University’s Graduate School of Business, you’ll not only get state-of-the- art management skills from some of the world’s top management thinkers, but also a truly global perspective. Finally, during your residence in the U.S., you will be exposed to business culture in other countries. I promise you will find this an exhilarating and insightful experience!
Nazarbayev University – Graduate School of Business Advanced Thinking. Globally Connected. Locally Relevant. Professor Duparcq has recently joined Nazarabayev University’s Graduate School of Business after 17 years on the faculty of the Kellogg School of Management at Northwestern University (Chicago/Evanston, USA). Patrick Duparcq NUGSB Associate Dean for Executive Education, and Professor of Marketing
The NU Executive MBA is a terrific learning environment. Because the program reaches top up and coming executives throughout Kazakhstan, the pace of instruction is intense—it has to be, given how busy everyone is. This means that the classroom atmosphere is energetic and engaging. Students ask great questions and really show a devotion to the material that I don’t always see in western classrooms. When you take a group of really bright, motivated people and put them in an intense learning environment where they are constantly interacting with one another and with the professor, you really develop strong bonds. One of the things that surprise students the most is the style and intensity of teaching. I teach both the introductory finance course as well as the introductory math refresher course. Because the subject matter in both courses tends to be pretty analytical, I think students expect it to be dry and boring. Nothing could be further from the truth! I look forward to every teaching module I deliver at NUGSB because I know students will come away surprised at how accessible this material is, and how relevant it is for their everyday lives. David T. Robinson Professor of Finance William and Sue Gross Distinguished Research Fellow - Duke University: The Fuqua School of Business
NU EMBA students are among the best I have encountered and I truly enjoyed teaching them. They are intelligent, engaged, and have an infectious enthusiasm and thirst for knowledge. They bring to bear vast amounts of local industry knowledge that not only enriched class discussions but also made it a rewarding cross-cultural experience for me. Most of all, they are warm and hospitable people who went out of their way to make my visits delightful and enjoyable. Mohan Venkatachalam Professor of Accounting The Fuqua School of Business, Duke University
It is indeed an honor to join the NUGSB EMBA teaching team. Having taught business topics to executives, EMBA, MBA and undergraduate students in leading universities in Australia, China, Saudi Arabia and Mexico, Kazakhstan seems like a great next step. I have heard only good reports about the quality and integrity of the NUGSB EMBA students. I believe that we can gain valuable new insights together through our collective experiences. I look forward to meeting you all. Daniel Lund NUGSB Associate Professor for Cross-Cultural and Human Resources Management
Teaching entrepreneurship in the NUGSB EMBA program has been a very rewarding experience. I teach innovation and entrepreneurship from the perspective of western companies and the western business environment. The NUGSB EMBA students are committed to learning what they can from the experience of western companies, but are continually thinking of how they can apply this experience in Kazakhstan. Working with these students, I realize that I am working with the present and future business leaders of the country. They are among the most critical students I have encountered anywhere because they view the material as not only important for their personal success but also for the success of their country. It is both challenging and exciting to work with these students and to be a small part of this vital step forward for the economy of Kazakhstan.
Although it is fairly new, the NUGSB EMBA program has already established a strong reputation in Astana’s business community. The program is known for its enthusiastic professors and students who create a vibrant environment in which the latest theoretical advances are applied to the most urgent problems of business practice! Teaching and studying at NUGSB EMBA program provide you with a rare opportunity to join an honest discussion of how to ramp up the Kazakhstan economy to catch up to the richest nations in the world. The full-time MBA program at NUGSB starting this year will challenge its students, both domestic and international, to quickly grow into business experts ready to invigorate their companies with new ways of thinking and acting, and to contribute to their national economies and overall prosperity.
Jon Fjeld Executive Director of the Center for Entrepreneurship and Innovation and Professor of the Practice, Duke University: The Fuqua School of Business
Dmitry Khanin NUGSB Associate Professor of Entrepreneurship and Management 31
Learning Environment
The EMBA program employs a variety of learning methods, among them: team based learning, case discussion, traditional classroom, and simulation. Team-based learning is the core of a student’s experience. As a member of the team, the student will develop leadership skills and learn how to support each other and benefit from the diverse talents, abilities, and perspectives of their team. Case discussions allow students to apply theory to a business problem. These discussions introduce students to making decisions in uncertainty; with imperfect information. In the classroom, students’ unique knowledge and business experience are integrated into the curriculum. In the NUGSB EMBA, students have the opportunity to immediately apply skills they learn by virtue of working while studying. Executive MBA students working as a team
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Program Design
The EMBA program is designed to minimize time away from work while providing an immersive, top-tier educational experience. Students begin with an eight day orientation, and spend two weekends for each course in the classroom.
Typical Course Format
PRE-READING
Pre-reading is required for all courses and continual involvement in the program between sessions is also required.
Class:
Back to Work:
Class:
Two weeks later:
SAT-MON
TUES-FRI
SAT-SUN
EXAM
Students will participate in an immersive learning experience studying in residence on Nazarbayev University’s campus in Astana.
Students allocate time to study from TuesdayFriday, while managing their day-to-day responsibilities.
Students return to campus for two more days of intense instruction.
Exams take place two weeks after each final class on the Nazarbayev University campus, or at an approved location.
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Admission Requirements Candidates for the EMBA program at the Nazarbayev University Graduate School of Business are expected to have at least 5 years of work experience. However, exceptional candidates with less experience will be considered. Applicants will be considered after a complete application has been submitted, which must include the following items in English:
Resume Candidates must submit a 1-page business/ professional resume containing employment and education background. Two letters of recommendation The most valuable recommendations come from people who know the candidate’s professional skills and abilities. We require one of two recommendations be written by an employer/individual who can assess the candidate in a work-related environment. The second recommender should be chosen at the candidate’s discretion.
Transcripts Candidates must submit official transcripts from all undergraduate and post-graduate education. Transcripts must be submitted in their original form as well as in an English translation.
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English Language Tests
Quantitative Assessment
Official results from recent TOEFL or IELTS exams for applicants whose native language is not English.
The NUGSB Admissions team will conduct a quantitative assessment of candidates. In cases in which background and academic history does not demonstrate sufficient quantitative experience, a formal assessment will be conducted with the candidate to determine their current quantitative abilities.
GMAT and GRE Tests Although official GMAT or GRE scores are not required, a candidate with limited quantitative experience can strengthen the application with a competitive GMAT or GRE score. Three essays Candidates are required to give thoughtful answers to the essay questions for admissions. These questions will be available on the application form; essays must be submitted in English. Letter of Corporate Support A letter from the candidate’s current employer outlining the company’s support of time and financial commitment is required. Interview
Admission interviews are by invitation only. Interviews include a variety of behavioral questions covering the topics of teamwork, potential contribution to the EMBA class, and the candidate’s overall expectations from the EMBA program.
In the event that a candidate’s quantitative abilities are not sufficient, the NUGSB Admissions team will suggest a course of action to improve the applicant’s candidacy. It should be noted that entry is competitive; these minimum requirements do not imply automatic admission into the program. While applications will be considered on a rolling basis, only a limited number of EMBA students will be accepted, so it is advised to apply as early as possible.
Please find the Nazarbayev University Graduate School of Business Application for Admission and Recommendation Form on our website:
www.gsb.nu.edu.kz
The popular palm trees inside the Nazarbayev University atrium
FAQ DOES OUR ORGANIZATION LOSE AN EMPLOYEE FOR THE DURATION OF THE 20-MONTH PROGRAM? While your organization will part with your EMBA students during weekend programs and international residencies, their learning will be immediately applicable to the workplace each time they return. We encourage employers to be sensitive to the demands of the program, so as to realize the highest return on their investment HOW DOES THE PROGRAM APPLY TO MY SPECIFIC ORGANIZATION? Each executive and sponsoring organization has unique goals and perspectives to bring to this program. The NUGSB EMBA recognizes that the most successful students will be able to apply their education immediately at the workplace. To encourage this process each student will be required to work on a thesis that directly relates to their career objectives and which will be evaluated by NUGSB faculty. Through this opportunity, the sponsoring organization can directly benefit from the EMBA experience. 36
GIVEN THE RIGOR OF THE PROGRAM AND THE NECESSARY TIME COMMITMENT, HOW DOES THIS FIT INTO THE EXECUTIVE’S LIFE? The program requires a significant investment of time and attention. Students enrolled in this program successfully balance their significant professional and personal responsibilities with the rigors of the academic curriculum. Students are expected to spend substantial time each week on academics. Every student manages their time differently; some study for a few hours each day while others may study during weekends. It’s important to find a routine that works for each student, their team, family, and colleagues. Gaining the support of significant other, family, and co-workers— will be key to success. Some companies help to alleviate workload by providing their employees with additional support (e.g., staff support, time off), but most students receive no relief in their responsibilities.
WHAT IS THE SCOPE OF THE CURRICULUM? The program consists of 12 core courses, 3 electives, and 1 project/thesis. The core courses cover the foundation of a general management education: finance, operations, marketing, strategy, accounting, and leadership. The electives allow students to enhance skills in areas such as, investments, negotiations, leadership, and strategy. The project/thesis requires each student to apply this education to his/her career.
HOW QUANTITATIVELY RIGOROUS IS THE PROGRAM? Success in this program demands a highlevel mastery of quantitative skills; however, quantitative excellence alone is not sufficient. The program requires students to use and improve leadership, management, and other qualitative skills necessary in today’s global business environment. IS ATTENDANCE TO ALL COURSES REQUIRED? Yes, attendance at all courses and residencies is a requirement. This is a program which requires you to move step by step at the same time as your classmates and you are required to move through the curriculum with your classmates. In areas in which a particular EMBA student has experience, he/she is able to make a major contribution to the conversation in class, as well as in group work.
MY COMPANY IS IN ASTANA, MUST OUR EMBA STUDENTS ALSO RESIDEON CAMPUS? The NUGSB EMBA program is an immersive and intense learning experience. Even if a student is a resident of Astana, he/ she must live on campus during the weekend residencies. Residency adds to the group learning environment, and is essential for EMBA students to fully absorb the learning objectives for each course.
HOW TECHNOLOGICALLY SAVVY DO I NEED TO BE? During the eight day orientation the student is introduced to technology necessary for a successful EMBA experience. Most students are comfortable with word processing, e-mail and the internet; now spreadsheets, electronic bulletin boards and other electronic tools become essential. We recommend that you have basic skills, at least Excel, Word, and PowerPoint to help you succeed. WILL I BE REQUIRED TO HAVE A LAPTOP OR SPECIAL PROGRAMS? Every student in the program needs a reliable laptop as well as a stable internet service provider (ISP). These tools are essential for completing the program requirements. Once you are accepted to the program, you will receive more details about computer and software requirements. IF I AM AN EXECUTIVE AND NOT FLUENT IN ENGLISH, CAN I STILL PARTICIPATE IN THIS PROGRAM? The NUGSB EMBA is an English language program. However, simultaneous translation, and translation of select course materials is provided to support students with weaker English. While this support does permit students with weak English skills to participate in the program, the primary language of instruction remains English.
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Contact Information All inquiries about the Executive MBA Program can be submitted to: Office of NUGSB Admissions Nazarbayev University, 53 Kabanbay batyr Ave., Astana, 010000 Republic of Kazakhstan Теl.: +7 (7172) 70 90 28 Теl.: +7 (7172) 70 91 74 Теl.: +7 (7172) 70 91 83 mba.admissions@nu.edu.kz gsb.nu.edu.kz