October 2012 Newsletter

1 HIGHLIGHTS
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 KSE Open Lectures: Bohdan Hawrylyshyn, Chairman of the International Institute of Management, who spoke on “Is the Dominant Economic System Perverse?” and Logan McDougal, General Manager of Mars Ukraine, who will speak on the use of analytics in business
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KEI at KSE presents an Interactive Atlas of Economic Development of Ukraine
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 The Bloomberg Institute, in partnership with KSE, brings the Bloomberg Assessment Test to Ukraine
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KSE supports the CFA Institute Research Challenge 2013
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 KSE and Terestchenko Heritage Foundation are launching an MA in International Agricultural Management
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 The best KSE Master Theses are covered in Forbes Ukraine
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 KSE Professor Volodymyr Vakhitov analyzes what should be done to reduce the shadow economy in Ukraine for Business Magazine


2 KSE EVENTS

October 6 KSE Board of Directors meeting
October 8 KSE Open Lecture with Bohdan Hawrylyshyn on "Is a Dominant Economic System Perverse?"
October 15

 KSE Open Executive Lecture with Logan McDougal, General Manager of Mars Ukraine, on the use of analytics in business
October 11-November 30
 KSE Student Olympiad in Quantitative Methods in Economics
October 26-27 Bloomberg Institute Assessment Test (BAT) at KSE


3 AN OVERVIEW OF RECENT DEVELOPMENTS AT KSE

The Kyiv School of Economics, founded by EERC and the Victor Pinchuk Foundation, is a world-class academic institution with a reputation for excellence both in the Ukraine and internationally. KSE offers internationally recognized, full-time Master’s Programs in Business Economics, Financial Economics and Economic Analysis taught in English by international and Western-trained Ukrainian faculty who have strong backgrounds in teaching and research. The programs curricula are modeled on the best economic, business, and financial graduate programs in North America and Western Europe. Students are provided with advanced access to the world economics literature and various informational resources. After graduation, students have the possibility of receiving Master’s diplomas from the University of Houston (US).

Current KSE statistics:

16 Years in existence
516 Total number of graduates
89 Graduates who already received a Ph.D. abroad
55 Publications by faculty in refereed journals
32 Total EERC Network Workshops
1550 Total EERC Network Workshop Participants
486 Total EERC network grants issued
10 Current full-time faculty
51 Students admitted in 2012
80 Current number of students at the school

4 Recent KSE Graduates and New Class

In June 2012, the KSE M.A. Program graduated its 14th class. Thirty-four students successfully defended their theses, bringing the total number of KSE graduates to 516.

Among the employers of the recent graduates are the following companies: McKinsey, Kraft Foods, Troika Dialog, European Investment Bank (Luxemburg), Dragon Capital, Procter & Gamble, Ukrnafta, UkFinance, SimCorp, Ernst & Young, PricewaterhouseCoopers, and more.

Also, some of the recent KSE graduates are continuing their studies at Ph.D. programs in the following universities: Princeton, Berkeley, Bocconi, Arizona State, Houston, etc.

At the same time, 38 students completed their first year of studies and began their second year of studies in September 2012.
As a result of the admission exams held in July 2012, 39 students began their studies at KSE in September 2012.

As in previous years, the newly admitted students have come from all regions and represent the best Ukrainian universities. They have undergraduate and master degrees in economics and finance (60%), mathematics and technical fields (22%), and other disciplines. Forty-three percent of the newly admitted class is women.
5 Bloomberg Assessment Test at KSE

The Bloomberg Institute is partnering with the Kyiv School of Economics to help students prepare for a successful career in Finance by offering the The Bloomberg Assessment Test (BAT) at KSE. Students from different Ukrainian universities are invited to take the test. A press-release on KSE/Bloomberg Institute can be found at Forbes On-line.

By taking the BAT, a student is able to gain insight into his/her strengths and weaknesses as relative to a career in finance while at the same time showcasing his/her abilities to a wide range of financial employers.

After taking the BAT, the student’s profile is entered into the Bloomberg Institute Talent Search, a tool that employers are using to find top new talent for financial jobs.

There have already been organized BAT sessions on September 8-9. The next BAT sessions will be held at KSE on October 26-27, 2012.


6 KSE Is a Partner of the CFA Institute Research Challenge 2013

The Ukrainian community of investment professionals (CFA), in partnership with the Kyiv School of Economics, invites teams from Ukrainian universities to take part in the "CFA Institute Research Challenge 2013" which aims to bring best practices of investment business to education.

The Competition is arranged for teams of 3 to 5 students. It will include the following rounds:

I. Preliminary round.
II. Public company analysis.
III. Work under the supervision of an experienced investment analyst.
IV. Report preparation.
V. Research presentation by the winning teams (according to the results of the written reports check).

The team that wins the All-Ukrainian investment research competition will present Ukraine in the Regional Competition Round in London (UK).

More detailed information about the Competition can be found here.

7 KEI at KSE Interactive Atlas of Economic Development of Ukraine

The Kyiv Economics Institute (KEI) at the Kyiv School of Economics, together with its media partner “Korrespondent.net” and “USAID Local Investment and National Competitiveness (LINC) Project,” has recently presented an interactive Atlas of investment attractiveness and economic development of Ukrainian regions.

The Atlas of investment attractiveness and economic development of Ukraine is a free resource. It gives Internet users an opportunity to get the most detailed and full information on the economic development of Ukrainian regions that is available on the Internet today.

The Atlas is based on the data of four levels: state, regional, district, and local levels. The major factors of analysis are foreign investment, capital investment, average wage, export, proximity to borders, and quantity and quality of the region’s resources. The Atlas allows for the comparison of the elements of one level, e.g. region A and region B, as well as the elements of different levels, i.e. – region A and district B. Additionally, there is an opportunity to see the dynamics of specific statistics over time.

To get more information, please, contact KEI Executive Director Kostyantyn Yakovchuk-Besarab via e-mail kyakovchuk@kei.org.ua.

8 KSE Master`s Program in International Agricultural Management

The rapid globalization of Ukrainian agriculture creates a demand for educated and skilled managers who can support their company’s integration into the international economic community.

To address this challenge, Kyiv School of Economics and Terestchenko Heritage Foundation are launching an innovative educational program in International Agricultural Management.

This program is designed for you and your employees if you:

  • Long to advance your company to an international level and conceptualize your business outside of the traditional crops and livestock.
  • Feel the need to establish sustainable and mutually beneficial relations inside and outside the agricultural sector.
  • Require complex understanding of business processes in agriculture and the best international practices in agricultural technologies and management.
  • Want to improve your understanding of the agricultural sector in the context of increasing demand for agricultural products both domestically and internationally.
  • Desire to develop your managerial, leadership, and entrepreneurial skills and talents.

Detailed information about the program, it curriculum and opportunities can be found here.

9 Company Presentations at KSE

The Kyiv School of Economics is actively looking for practitioners to give guest presentations to KSE students. The purpose of such lectures is to bring 'real life' examples and experience to the KSE classroom.

If your company is interested in giving guest lectures or in organizing recruitment events to KSE students during the academic year, please contact Svitlana Bocharova at bocharova@kse.org.ua or telephone: 492-8012 (ext. 118).

10 KSE Internship Program

We would like to express our gratitude to the following companies for inviting KSE students for internships held in summer 2012:

KSE students are excellent professionals who have advanced skills in economic and financial modeling and analysis.

In order to give KSE students an opportunity to gain practical experience and to apply their economic and financial training to real-life situations, KSE maintains an Internship Program which places students to work on a full- or part-time basis in various companies and institutions.

If your company is interested in hosting KSE students as interns during the academic year or/and in summer 2013, please contact Svitlana Bocharova at bocharova@kse.org.ua or telephone: 492-8012 (ext. 118).


11 Recent Media Publications by KSE Faculty

01.09.2012
Oleksandr Shepotylo for Forbes on what effects the Ukrainian economy will face after Russia has joined WTO

09.08.2012
Denys Nizalov talks on the effects of the economic crisis on Ukrainian education and on the labour market (for Voice of America)

06.08.2012
Maksym Obrizan analyzed for Investgazeta what Europe should do in order to avoid a debt crisis

01.08.2012
Tom Coupe overviews the best MA theses of this year KSE graduates for Forbes

26.07.2012
KSE alumni comment for Investgazeta on the IMF forecasts regarding the world's economic development

26.07.2012
Elena Besedina for Investgazeta on public-private partnership in Ukraine (also published online)

16.07.2012
Volodymyr Vakhitov for Business magazine on what should be done to reduce the shadow economy in Ukraine

01.07.2012
Victor Ginsburgh, Expert at the KSE Grant Competition, for Forbes on how the price for a piece of art depends on its previous owner

28.06.2012
KSE graduates told Kontrakty.ua what they would change in the economic policy of Ukraine

13.06.2012
Kontrakty.ua prepared an overview of the KSE ranking of the economics programs of Ukrainian universities (online version)

01.06.2012
Pavlo Iavorskyi, KSE graduate, for Forbes about what influences the general crime rate in cities

01.06.2012
Anders Aslund, Senior Advisor to the KSE Board of Directors, for Forbes on foreign economic policy of Ukraine

01.06.2012
Volodymyr Vakhitov —on urban planning for Forbes Ukraine

For more media publications please visit KSE web site.