SKOLKOVO Executive MBA

1 Program Overview

Participant Profile

• 50% business owners
• 50% CEOs and senior executives
• From 20+ key industries (Finance/Banking 19%, Retail 9%, Extractive 7%, Production 6%, Energy 6%, Consulting 6%, Construction 6%, IT 5%)
• Professionals with 8+ years of management experience

Four Parallel Tracks

1. Academic Track — Systematization and deepening of knowledge
2. Leadership Track — Personal development plan, coaching, reflection
3. AI Track — Cross-cutting AI integration across all modules
4. Project Track — Sustainable business initiatives, work with investment funds and accelerators

2 Detailed Module-by-Module Syllabus

Phase 1: Systematization (Months 1-4, Sep 2026 – Feb 2027)

Module 1: Modern Management Systems

• Reading key macro-indicators
• Monetary & fiscal policy and business impact
• Currency, payments, securities markets
• Competitiveness of the national economy
• Modern Russian economy (challenges, factors, trends)
• Management as activity (functions, roles, relations, evolution)
• Systems typology, methods of analysis/design of management systems
• Structures, processes, KPIs
• Agile management systems
• Innovative approaches (Sociocracy, Holacracy 3.0, Chinese “Jendannelhei/ren-dan-he” model)
• National specifics of management

Module 2: Leadership (Off-site, ~8 days)

• Leadership development
• Personal leadership agenda
• Professor: Jack Denfeld Wood (CEIBS/IMD)

Module 3: Financial Management

• Analysis of financial statements and ratios
• Cash-flow statements (BS, CF)
• Revenue recognition, inventory, long-term assets, market multiples
• Management-accounting overview
• Performance measurement
• Application areas of management accounting
• Goal: Use accounting info for better management decisions

Module 4: Marketing Management

• Marketing for executives (tasks/requirements/goals for marketing dept)
• Assortment & pricing
• Basic data tools in marketing
• Which marketing research the organization needs
• Logic & components of marketing strategy
• Marketing budget principles

Module 5: Operations Management

• Operations as competitive advantage
• “Company as ecosystem”, staying efficient at scale
• Operating efficiency in manufacturing/production systems
• Industry 4.0 digital tools in operations
• Supply-chain & logistics management, risks and sustainability
• Inventory & transportation management
• Warehouse and distribution-network design
• Supplier selection & relationship management

Module 6: HR Management

• Group behavior fundamentals
• Building effective teams and team roles
• Supervisor skills for managing teams
• HR’s role in supporting change
• Motivation concepts
• Organizational development & org culture
• Labor market
• Talent management

Phase 2: Deepening & Strategy (Months 5-12, Mar – Aug 2027)

Module 7: Organizational Dynamics

• Organizational & group dynamics
• Role of the first person
• Corporate governance principles and practice
• Board powers and procedures
• Board-structure analysis
• Family business as a system

Module 8: Global Trends & New Business Context

• New economic geography (geo-economics)
• New economic models & city economics
• Economic anthropology (new consumption, future of work)
• New technology platform & digital economy
• Sustainable development (financial markets, new consumption models)

Module 9: International Module I

• Destination: China or Middle East (Dubai, UAE — MENA region focus)
• Company visits and ecosystem immersion
• Work with local investment funds and accelerators
• Team and individual business projects
• Expert panels and project defense before advisory boards

Module 10: Entrepreneurship

• Strategy/market/idea/innovation strategy
• Entrepreneurial mindset
• Product strategy, business model, financial model
• Promising technologies
• Innovation management
• Innovation, ethics, social & environmental responsibility

Module 11: Macroeconomics & Modern Management Systems

• Deeper macroeconomic analysis
• Contemporary management frameworks
• Applied to current Russian/global context

Module 12: Financial Analysis & Managerial Accounting

• Financial statement analysis
• Cash flow management
• Managerial accounting
• Performance metrics and evaluation

Module 13: Corporate Finance

• Practical management of the corporate finance function
• Investment project valuation
• Pricing & managing company value
• Financial strategy and debt management
• Operating risks and profitability
• Business activity, capital and financial risks

Module 14: Organizational Behavior & HR

• Team dynamics
• Motivation
• Talent management
• Organizational culture

Module 15: Operations Management & Supply Chains

• Industry 4.0 digital tools
• Supply chain management
• Logistics, risks and sustainability
• Warehouse and distribution-network design

Module 16: Strategy

• Strategic management
• Strategy & competitive advantage
• Strategic thinking and analysis
• Typical competition/growth strategies
• Disruption-driven strategy
• Strategies for different industries/markets
• Strategy & business model
• Vision, mission, goals, strategy pyramid
• Strategic planning, implementation, evaluation

Module 17: Change Management & Ethics

• Nature of organizational change
• Org-culture diagnosis/dynamics/lifecycle
• Change-project design, management and control
• Change leadership & teams
• Communication, motivation, engagement in change
• Reaction, conflict, conflict development & management
• Role of ethics in decision-making, ethical leadership

Module 18: International Module II

• Destination: Latin America, Africa, or Turkey
• Cross-cultural management focus
• Project presentations and defense

Module 19: Integrated Communications

• Stakeholder theory
• Integrated-communications strategy
• Storytelling
• GR (working with government, Russian practice)
• PR (public & media strategy)
• IR (investors & analysts)
• Internal communications/power & influence
• Crisis-communications strategies

Phase 3: Application (Months 13-17, Oct – Dec 2027)

Elective Courses (10+ options)

Impact Project

• Group-based (4-6 people)
• Combines real social impact + business potential
• Hypothesis development → mentorship → impact metrics
• Formally defended at final Integration Module

Integration Module

• Capstone defense
• Impact-project showcase
• Business simulation
• Alumni/community integration
• Successful defense → SKOLKOVO EMBA graduation

Per-Module Day Pattern

• 9:00 – 18:30 — Lessons (lectures, case discussions, group work)
• 19:30 – 21:00 — Expert speeches
• 21:00+ — Assignments / Social events

Assessment Methods

• Interim attestation per module (group assignments, cases, practitioner reports)
• Capstone = Impact Project (group practical project with real social impact + business potential)
• Final defense at Integration Module with expert panel

3 Faculty & Expert Speakers

Core Professors

Current SKOLKOVO Faculty (EMBA-43/44, 2026)

Expert Speakers (from official brochure)

1. Igor Shuvalov — First Deputy PM of RF
2. Pyotr Aven — President, Alfa Bank
3. Alexander Abramov — Chairman, EVRAZ
4. Oleg Tinkov — Founder/Chairman, Tinkoff
5. Mark Garber — Chairman, GHP Group (ex-Fleming Family & Partners)
6. Vladimir Dolgov — Head of eBay Russia
7. Arkady Dvorkovich — Deputy PM of Russia
8. Evgeny Nadorshin — MD Macroeconomic Analysis, JSFC Sistema
9. Alexander Chmel — Partner, PwC
10. Ellen Pinchuk — Dir. of International Projects, Mikhailov and Partners

Professor Video Lectures

Available on SKOLKOVO YouTube playlist “Преподаватели о программе SKOLKOVO Executive MBA”:

• Alexey Kalinin — Macroeconomics (video ID: u8ggXddSbZc)
• Шкипин — Marketing (video ID: f41_2s3zR6k)
• Кривошея — Strategy (video ID: O3erRa6hywI)

4 Admissions Process & Requirements

Prerequisites

• 8+ years of management experience (10+ preferred)
• University diploma (higher education)
• Average age: 40, average management experience: 12 years

Application Process (~2 weeks)

Assessment Led By

Nadezhda Agapova — Certified SHL assessor, Hogan-qualified, 1,500+ interviews conducted

Key Contacts

• Email: emba@skolkovo.ru
• Phone: +7 495 212-17-69
• Program consultant: Ekaterina Pimenova, +7 916 843 68 67

5 Tuition & Financial Details

2026 Cohort Pricing

Price History

What’s Included

• 12 business modules + 3 author modules
• Complete study materials
• SKOLKOVO campus accommodation
• Half-board meals (breakfast & lunch) + coffee breaks
• Fitness club access during modules
• Parking

Payment Options

Scholarships

• Note No official school-funded scholarships for flagship EMBA
• Main discount = early-enrollment special price
• HKUST-SKOLKOVO EMBA for Eurasia offers $20,000 scholarships (5 categories) — not applicable to standard EMBA
• Corporate/group discounts: claimed 5-15% by third-party aggregators (unverified)
• Alumni philanthropic grants available (e.g., Evgeny Nifantev/Neopharm funds MBA grants)

6 Alumni Outcomes & Rankings

Network Size

Career Outcomes

Pre-EMBA Positions

• General Director: 27%
• Director: 27%
• Owner: 10%
• Deputy Director: 8%
• Head of Department: 7%
• Partner: 4%
• Vice-President: 4%
• President: 2%

Notable Alumni

Rankings

Community Impact Study

• 91% built a strong network
• 70% increased income/capital
• 64% scaled their business
• 59% expanded managerial scope
• 73% strengthened social responsibility
• 80% strengthened management fundamentals
• Program NPS ≈ 61%

7 International Modules

Two Destinations in Standalone EMBA

Additional Destinations (varies by cohort)

• Dubai, UAE (MENA region)
• Latin America
• Africa
• Turkey

Module Activities

• Academic coursework (macroeconomics, political economy)
• Company visits to tech firms and innovation hubs
• Ecosystem immersion (Innoway in Beijing, Silicon Valley companies)
• Final group project presentations
• Evening expert speeches by business leaders
• Work with local investment funds and accelerators

Per-Module Day Pattern

• 9:00 – 18:30 — Lessons
• 19:30 – 21:00 — Expert speeches
• 21:00+ — Assignments / Social events

8 HKUST-SKOLKOVO EMBA for Eurasia (Dual Degree)

Program Overview

7 Study Destinations

Full Curriculum (34 credits, 19 courses + capstone)

Admission Requirements (HS EMBA)

• Bachelor’s degree
• 6+ years management experience (8+ preferred)
• English proficiency: TOEFL iBT 80+ or IELTS 6.5+
• Interviews with both schools
• Leadership psychometric assessment

Capstone Project

• Mentored, group-based
• Final international project
• Presented as dissertation-project
• 330 contact-style hours
• Successful defense required

Integrative Leadership Module

• Final module held in Armenia (mountains)
• Synthesis of leadership development
• Analysis at personal/interpersonal/group/intergroup/organizational/national-cultural/international-global levels
• Risk-taking/experimentation safe space
• Confidential, non-graded

9 Research Gaps & Next Steps

Information Not Publicly Available

• Detailed per-module reading lists / textbooks (internal package)
• Full professor bios and research interests for all current faculty
• Per-course learning objectives for all 19 HS EMBA courses
• Exact cohort-48 pricing (not yet published)
• 2026 cohort international module destinations (varies by relevance)
• HKUST EMBA for Eurasia 2026 structure/locations

Suggestions for Further Research

1. Contact admissions directly — emba@skolkovo.ru for reading lists and syllabus details
2. Request alumni directory access — for direct testimonials and outcomes data
3. Review archived HKUST course pages — HHMS 5001/5002/5005/5006/5007 via archive.org
4. Search for published case studies — SKOLKOVO cases at international case centers
5. Attend free webinars — “Что упускает лидер…” and other open events
6. Request corporate partnership terms — for sponsorship/group enrollment details

10 HKUST HHMS Course Catalog (Archived)

Program Learning Outcomes (HS EMBA)

1. Lead responsibly with leadership/teamwork skills
2. Apply frameworks to analyze complex problems
3. Innovate using best practices
4. Develop international business opportunities across BRI areas (Russia/China emphasis)
5. Contribute to Eurasia’s development via cultural/historical knowledge
6. Utilize emerging technologies to transform organizations

HHMS 5001 — Financial Accounting [2 credits]

Content: Construction and interpretation of corporate financial reports used by external parties (investors, creditors, regulators). Real financial statements from Russian and Chinese companies used as illustrations.

Learning Outcomes: construct/interpret balance sheet, income statement, statement of cash flows; explain accounting process and links among the 3 primary statements; use standard financial analysis tools; apply rules in revenue recognition, inventory, long-term assets, leases, investment securities, consolidation, fair value accounting; analyze/solve accounting problems in time-constrained group settings; explain ethical dimensions; identify internationalization of accounting.

HHMS 5002 — Corporate Finance [2 credits]

Content: Framework, concepts, and tools for analyzing financial and strategic decisions; quantifies financial consequences of strategic decisions. Prerequisite for HHMS 5501.

Learning Outcomes: apply time value of money/NPV in capital budgeting; use DCF to value bonds and stocks; apply trade-off theory to optimize capital structure; estimate value of projects and firms; quantify strategic decision impact on value creation.

HHMS 5003 — Data Analysis and Digital Transformation [2 credits]

Content: Business statistics — descriptive statistics, probability models, statistical inference, confidence intervals, hypothesis testing, regression — with real data examples, short cases, in-class games and experiments.

Learning Outcomes: present data to reveal trends for managerial decisions; apply reasoning to new business situations; apply critical/analytic thinking with imperfect data; predict future events from historical data.

HHMS 5004 — Strategic Marketing [2 credits]

Content: Marketing strategy formulation/implementation — market segmentation, targeting, positioning, value analysis, creation and delivery, competitor analysis, marketing mix strategies.

Learning Outcomes: conduct environmental analysis and assess opportunities/threats/SWOT; formulate marketing strategies; monitor and control strategic marketing plans; employ executive communication skills.

HHMS 5005 — Operations Management [2 credits]

Content: Management of business processes producing goods or services — operations strategy, process analysis, queuing systems, inventory management, quality management, process improvement.

Learning Outcomes: lead responsibly with leadership/teamwork skills; apply tools/frameworks to analyze complex operations problems; innovate using best practices; utilize information technologies.

HHMS 5006 — Managerial Microeconomics [2 credits]

Content: Opens with Warren Buffett quote on industry vs. manager reputation; individual economic behavior, competition, market characteristics. Examines how competition destroys profitability.

Learning Outcomes: analyze pricing trade-offs; apply demand/supply analysis to predict prices; predict competitor actions via game theory; explain asymmetric information impacts; link organization structure/scope to market competition.

HHMS 5007 — Global Macroeconomics [2 credits]

Content: Short-run macroeconomics since Keynes; IS-LM equilibrium framework analyzing labor, output, money, and FX markets; applied to fiscal and monetary policy.

Learning Outcomes: identify philosophy/framework/issues in Global Macroeconomics; apply concepts to current global macro issues; enhance research report writing and presentation skills.

HHMS 5008 — Understanding Consumers [2 credits]

Content: Consumer as individual; reactions to marketing information via psychological processes (exposure, attention, perception, memory, persuasion, decision-making); social/cultural context; cultural differences in consumer behavior worldwide.

Learning Outcomes: identify consumer reactions; examine psychological processes; explain behaviors and purchase motivators; analyze via social/cultural context; evaluate strategies by consumer behavior principles.

HHMS 5009 — Strategic Management [2 credits]

Content: Organizations creating their future; strategic decisions determining thrive vs. decline.

Learning Outcomes: describe strategy; conduct strategic analysis (Porter’s 5 forces, Key Success Factors, BCG matrix, GE matrix, prisoner’s dilemma, value proposition, competitive advantage, core capabilities); create a strategic plan.

HHMS 5501 — Corporate Governance [1 credit] (Prereq: HHMS 5002)

Content: How corporations induce managers to maximize shareholder value via incentives (compensation) and monitoring (board, auditors), plus external discipline (competition, law, market for corporate control).

Learning Outcomes: describe governance issues and CG tools; illustrate problems/solutions via cases; propose structured CG audit; interpret audit results; communicate professionally; apply economic, legal, ethical lenses.

HHMS 5502 — Managerial Decision Making [1 credit]

Content: Common managerial decision-making framework aligning teams across cultural boundaries, levels, functions, industries.

Learning Outcomes: lead team decisions with common framework; avoid decision traps; align teams & priorities; choose best alternatives; make responsible decisions with risk management.

HHMS 5503 — Doing Business in China and Asia [1 credit]

Content: Applied course with real-world cases of deal-making strategies in China/Asia-Pacific; group presentations.

Learning Outcomes: describe business environment; negotiate successful transactions; identify cultural differences and deal with them.

HHMS 5504 — Effective Negotiation [2 credits]

Content: Learn by practicing — from simple buyer-seller bargains to complex multi-issue strategic relationships; every class involves experiential negotiations.

Learning Outcomes: explain core negotiation concepts; develop confidence; identify/predict behavior and motives; critically analyze situations; design strategies for novel contexts.

HHMS 6001 — Independent Study [1-2 credits]

Content: Study of selected business issues under faculty supervision; may be taken once; requires Academic Director permission.

Learning Outcomes: conduct independent study; apply program frameworks; apply interdisciplinary approach; analyze and communicate findings in written report.

11 Published SKOLKOVO Case Studies

The Case Centre (Paywall — 4+ cases)

EFMD Excellence in Practice (EiP) — FREE PDFs

SKOLKOVO Corporate Client Cases (FREE PDFs)

• EVRAZ New Leaders — Leadership development (steel/metals)
• Digital Ambassadors at MTS — Transforming corporate officers into digital-era entrepreneurs
• Museum: The Power of Place — Museum transformation (Vladimir Potanin Foundation)

Executive Tooling

• 5 custom management simulations covering emerging market problems (2,000+ participants/year)
• MOOC platform (online.skolkovo.ru) with open courses
• 150+ professors, 10 institutes, 1,300+ experts in Academic Division

12 Alumni Testimonials & Career Outcomes

Named Alumni Career Details

Alumni Statistics

FT Rankings (2022)

• #28 among best EMBA programs
• #1 for income growth of graduates
• #32 among best business schools
• Top 100 globally; Top 50 in Europe

Forum/Community Insight

• Private Facebook group “EMBA 45” (members-only) for current cohort interaction
• No dedicated Reddit/Quora threads on SKOLKOVO EMBA
• r/MBA, r/eMBA discuss SKOLKOVO only in passing
• SKOLKOVO MBA Facebook group unites entrepreneurial leaders globally

13 Faculty Case Author List

14 Admissions Email Status

Sent: To Ekaterina_Pimenova@skolkovo.ru from andkor@agentmail.to — asking for:

1. Detailed syllabus (EMBA-48)
2. Reading lists
3. Assessment methods
4. International module destinations
5. Elective course availability
6. Cohort-48 pricing
7. Admissions timeline