Located in the heart of Russia, RANEPA's Institute of Business Studies in Moscow gives students of the IBSA Dual Degree Master's Program the chance to specialize in Management in Emerging Economies. After successfully completing the core modules at the IGC in Bremen, the program participants will travel to a country with an emerging market. Because Russia, together with Brazil, India, China and South Africa, forms BRICS – an association of major emerging national economies; the study program International Business gives you the opportunity to experience first-hand how an emerging market integrates into the global economy. Accredited by EPAS and the Russian University Academic Standards Committee, this specialization provides strategic skills tailored to the specific challenges of emerging economies.
Your benefits
- Accredited program
- Exciting expansion possibilities
- 1 year, 2 degrees, 2 countries: MBA & MSc
- Develop intercultural competencies
Requirements
- Bachelor’s degree in business
- A minimum of one year work experience
- Proof of English language proficiency: IELTS (6.5 points) or TOEFL iBT (at least 80 points)
- A global mindset
Semester overview
Multinational Financial Management
The goal of the course is to train highly effective global managers who have advanced analytical and decision-making skills essential for conducting successful business across borders.
Global Strategic Analysis
This module introduces you to challenges of global business and methods used to address them. Through a careful review of effective managerial practices, it demonstrates how to ensure a winning international business strategy.
Global Marketing Strategies
The course adresses marketing performance in a global context. It assesses differences in country environments and applies techniques for international market segmentation, entry strategies, risk analysis, and comprehensive marketing plans.
Human Resource Management in the Global Environment
You will investigate critical human resource management (HRM) topics within this module. The aim is to examine relevant elements of HRM as they relate to global business, organizational policies and standard management practices.
Business Analytics
This module aims to introduce students to business analytics concepts required to understand contemporary business challenges. Analytical techniques will be applied to assess and resolve some of the complex challenges faced by business professionals in global industries.
International Leadership (elective)
The main objective of the module Leadership is to give the course participants a general leadership overview, to explore their individual leadership styles and set feasible goals for developing their management skills.
Macroeconomic Policy for Emerging Markets
This module provides theoretical basis for the most important topics of industrialization, including a historical overview and numerous growth theories of the past 60 years. In this module, you will examine empirical evidence for neoclassical growth theories and analyze conditions for the emergence of new markets. This course will provide an analytical framework and quantitative tools necessary to continuously evaluate the development of the BRICS countries.
Management Models for Emerging Markets
With its focus on mid-market requirements, this module gives you a brief overview of the theory of business models and allows them to apply common management practices in realistic business scenarios. This module aims to demonstrate that it is not enough to transfer existing domestic models when expanding into new markets. Instead, you will learn why it is crucial for already established companies to identify open needs when entering emerging markets and develop new business models accordingly.
Investing and Project Financing in Emerging Markets
Emerging markets are more unstable than the established ones. On the one hand, this generates high potential returns, on the other, it involves greater risks. For this reason, this module looks closely into practical challenges and questions of project financing. You are introduced to key financial models and gain practical tools needed to successfully assess investment risks. Additionally, you will be familiarized with all phases of project financing.
Project Management
Based on the standards of the PMI® (Project Management Institute), this module explores concepts and guiding principles of project, program and portfolio management. In addition to this, you will gain an insight into effective cross-border management. The latter involves the implementation of corporate strategies through active portfolio and project management.
Innovation Ecosystem Development in VUCA environment
Starting with an introduction to the VUCA concept, the course will introduce participants to the methodology of rapid foresight, design thinking and other tools.
Strategic Marketing Simulation - Markstrat
In this module you will work with Markstrat, a marketing simulation software, which offers students and professionals a risk-free platform in order to test theories and make decisions. Teams will be given a company and product portfolio to manage in a dynamic and interactive environment.
New Markets Development
The course is targeted on developing basic skills to analize international markets in transformation: exploring its nature, identifying global long-term trends, understanding emerging conusmer patterns and technologies.
Electives:
GR and Business in Society
Corruption, compliance and fraud
Strategies of Entering the New Markets
Sales and Distribution Management in Emerging Markets
Cross-Cultural Management
Consumer Behaviour in Emerging Markets
Master thesis
Your third term is dedicated to your thesis dissertation. This period is typically completed at the same university where you attended your specialization. To provide guidance and assistance as you prepare to work through this complicated project, each university offers a thorough, interactive three-day workshop that presents the requisite research skills, covering analytical, research and methodological techniques for your master’s thesis. The other main source of support will come from your thesis advisor. You will secure a supervisor who will guide the construction of the master’s thesis; normally, choosing one of your university lecturers is the best and easiest option. This final project will count for 30 ECTS in your overall program credit total. We also suggest that IBSA students also consider an alternative approach to the standard route: it is always possible to write your master’s thesis in cooperation with a company. This will require identifying and contacting a potential target company and developing a customized agreement with them in order to complete your thesis project accordingly.
By completing this detailed research and writing work, you will delve deeper into your specialization area from the second semester, learn to cultivate critical reasoning skills, develop a scientific approach to empirical data, and develop skills in literature review based on investigative reasoning (examination of a hypothesis).
Studying at the Russian Presidential Academy of National Economy and Public Adminstration (RANEPA)
The Institute of Business Studies in Moscow, Russia is one of the most prestigious graduate schools in the country. As an integral part of RANEPA, it enjoys an excellent reputation. Due to Russia's rapidly growing economic influence, Moscow is an ideal location for specializing in Management in Emerging Economies. The capital city is the economic center of the country and captivates its visitors with a fascinating history and a lively cultural scene. In addition to the English-language dual degree MSc in International Business, you will also have the opportunity to earn a second Russian degree by completing another year of International Management.
Contact - Program Coordinator
We offer you the world with two business degrees. Within the alliance, international students not only improve their team-work skills on a continuous basis but each student is also provided with a unique indivudual support suitabe for his/her needs.“
International Student Assistance
Our International Student Assistance (ISA) assists you in different aspects of settling in: finding accommodation, handling visa applications, clarifing insurance queries and dealing with authorities both at home and abroad. This service is of course free of charge. Furthermore ISA regularly organizes excursions and events during your study in Bremen. They offer movie nights, sightseeing trips, a christmas party, BBQ and excursions to several cities.
