UAE. INSEAD, the leading international business school, today announced it has developed a comprehensive executive education programme for Sberbank, the largest bank by market cap in Eastern Europe, and Russia’s largest bank with 50% of the country’s retail market and more than 30% of the corporate market.
The programme – INSEAD’s largest management training programme to date – is being offered in partnership with The New Economic School (NES) to 500 of Sberbank’s high potential managers from August 2011 through June 2012.
The one-year blended learning programme will allow Sberbank managers to learn the latest management techniques, tools and frameworks with the goal of helping them advance in their careers. The second module in Moscow ran from 16-20 January 2012 and the third module will run from 25-29 June 2012.
‘INSEAD’s executive education programme with Sberbank marks a significant milestone for INSEAD and helps further the school’s exposure in one of the largest emerging markets in the world,’ said Dipak C. Jain, Dean of INSEAD.
‘We are honoured to partner with The New Economic School to offer a comprehensive training programme that will ultimately enhance the management skills of high potentials at one of the largest banks in Russia.’
The programme will cover key elements from INSEAD’s MBA core curriculum including the following: decision making under uncertainty; human capital management; operations management; the principles of finance; understanding the fundamentals of economics; managing marketing strategy; the challenges of leadership; and fundamentals of strategy.
‘The Sberbank 500 programme will spearhead the beginning of a new era for the bank, its culture and its business,’ said Professor Serguei Netessine, Sberbank 500 Programme Director and The Timken Chaired Professor of Global Technology and Innovation at INSEAD.
‘INSEAD and NES have come together to offer a customised programme that will allow Sberbank managers to develop a solid understanding of the necessary leadership skills to ensure the bank’s upcoming strategic cultural change.’
Sergei Guriev, Professor of Economics and the Rector of the New Economic School, added, ‘We at the New Economic School are honoured to work on this exciting programme jointly with INSEAD and Sberbank - the largest bank in Russia, former Soviet Union and Eastern Europe. This unprecedented programme was conceived and developed through the unique synergy of participants' strengths.’
Guriev continued: ‘Sberbank's leadership is committed to investing in its key people in order to become internationally competitive; INSEAD counts many Russian-speakers amongst its faculty and has acknowledged strength in emerging markets in general, and the New Economic School has been successful in building an internationally recognised faculty in economics and finance.
As the programme will train 500 high potential employees a year for five years, both INSEAD and the NES faculty believe they can have a major impact on modernising Russia's largest bank - which in turn will make an important contribution to transforming the whole Russian economy and society.’
Taught entirely in Russian, the Sberbank 500 programme will assist in the growth of the bank’s own future senior leaders through the blending of two different approaches, including a residential component with live discussions of case studies and group work, and an option which will allow participants to join a virtual classroom environment from any location.
Sberbank executives located across Russia will be able to remotely access the Web-based platform developed by INSEAD and NES without added cost and directly at their workplace. The Web platform will centralise all content and information about the programme, provide collaboration tools and track participants’ learning progress.
A total of six Russian-speaking INSEAD faculty members across each of the core fields will teach the courses for Sberbank. INSEAD faculty includes: Serguei Netessine,
Sberbank 500 Programme Director, The Timken Chaired Professor of Global Technology and Innovation and the Research Director of INSEAD-Wharton Alliance; Yakov Bart, Assistant Professor of Marketing; Stanislav Shekshnia, Affiliate Professor of Entrepreneurship and Family Enterprise; Andrew Shipilov, Associate Professor of Strategy and Akzo Nobel Fellow of Strategic Management; Ilia Tsetlin, Associate Professor of Decision Sciences; and Valery Yakubovich, Senior Fellow at INSEAD and Associate Professor at ESSEC.
INSEAD is one of the world’s largest providers of Executive Education, delivering cutting-edge programmes across the world. INSEAD provides innovative training methodologies and technologies of learning situations in real-time through two types of programmes: Company-Specific and Open-enrolment. More than 6,000 executives a year from 2,000+ companies and 107 countries participated in INSEAD’s Executive Education programmes in 2009/2010.
About the New Economic School
The New Economic School is private graduate school in economics in Moscow founded in 1992. The mission of the New Economic School is to benefit Russia's private and public sectors through excellence in economics education and research. The core of NES is its resident faculty of 25 young economists with PhDs in economics and finance from the world leading universities, including Harvard, MIT, Columbia, NYU, LBS, Wisconsin-Madison. NES offers two-year masters programmes in economics and finance. In 2011, it launched a small undergraduate programme. It is also active in policy advice and executive education.
NES is ranked the best economics institution in the former communist countries in the research ranking by RePEc (Research Papers in Economics).
SSRN (Social Science Research Network) ranks NES is in the top 100 best economics departments in the world and the top economics department outside the OECD. NES's think tank CEFIR (Centre of Economic and Financial Research) is ranked a top 20 economic think tank in the world by RePEc.
For more information, please visit www.nes.ru
About INSEAD, The Business School for the World
As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures and ideas from around the world to change lives and to
transform organisations. A global perspective and cultural diversity are reflected in all aspects of our research and teaching.
With campuses in Europe (France), Asia (Singapore) and Abu Dhabi, INSEAD’s business education and research spans three continents. Our 141 renowned Faculty members from 35 countries inspire more than 1,000 degree participants annually in our MBA, Executive MBA and PhD programmes. In addition, more than 6,000 executives participate in INSEAD’s executive education programmes each year.
In addition to INSEAD’s programmes on our three campuses, INSEAD participates in academic partnerships with the Wharton School of the University of Pennsylvania (Philadelphia & San Francisco); the Kellogg School of Management at Northwestern University near Chicago, and Johns Hopkins University/SAIS in Washington DC.
In Asia, INSEAD partners with Tsinghua University in Beijing and the Lee Kuan Yew School of Public Policy at the National University of Singapore. INSEAD also partners with Sorbonne University Panthéon-Assas law school, and with Fundação Dom Cabral in Brazil.
In 2009, INSEAD celebrated 50 years as a pioneer of international business education based in Europe. In 2010, INSEAD celebrated the 10th Anniversary of our Asia campus in Singapore. This year, we mark five years of activity in Abu Dhabi.
Around the world and over the decades, INSEAD continues to conduct cutting edge research and to innovate across all our programmes to provide business leaders with the knowledge and sensitivity to operate anywhere. These core values have enabled us to become truly "The Business School for the World."
More information about INSEAD can be found at www.insead.edu