Support for the New Economic School (NES)
In 2006, the Dynasty Foundation began working with the New Economic School (NES). Founded in 1992, the NES has become a center for the advancement of contemporary economic theory and education.
Russia needs its own world-class professional economists who combine a deep knowledge of their discipline with an intimate grasp of the Russian economy. The NES has had great success in solving this task.
The Russian economists who teach and research at the NES received their Ph.D. degrees from such leading western universities as Harvard, MIT, the University of Michigan, and the University of Wisconsin.
For the past ten years, the NES has hosted a research center. During this period, the center has carried out more than one hundred projects dealing with current problems in the Russian economy. Student participation in the center's projects gives them hands-on research training.
The school's library is unique in Russia for its extensive collection of textbooks and works on contemporary economic theory.
The quality of education at the NES is guaranteed by the fact that it is governed by an international council of advisers that includes leading academic economists from the US and Western Europe. The council ensures that the curriculum corresponds fully to master's programs in economics at the best American universities. The council is coordinated by Erik Berglöf, a professor at the Stockholm School of Economics.
The education offered by the school has been recognized as meeting contemporary international standards. The master's degree in economics awarded by the NES is valued both in Russia and by leading western universities.
The NES has graduated 500 students. 350 of them work in Russia; 240 of these are employed in the private sector, primarily in transnational corporations, investment banks, and consulting firms.
In addition, NES graduates have gone on to careers in the Russian Presidential Administration, the Ministry of Finance, the Ministry of Economic Development and Commerce, and the Russian Federation Central Bank, as well as the World Bank and the International Monetary Fund.