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Anna Shay Explains how Start Up Entrepreneurs benefit from SKOLKOVO MBA

SKOLKOVO MBA for EntreprenuersF1GMAT: SKOLKOVO MBA is known for developing entrepreneur leaders. Do you think an MBA is required to be an entrepreneur? How does SKOLKOVO MBA encourage entrepreneurs?

Anna Shay: To me entrepreneurs are self-confident, untamed, idealists, which are the people that
SKOLKOVO attracts. However they need SKOLKOVO as much as SKOLKOVO needs them. Despite the innate qualities, which are much needed there has to also be a sound platform of skills and knowledge. SKOLKOVO attract world's leading faculty to equip the students with the needed skill set, top advisors and experts are there for the students during the projects.

We were lucky to begin our start-up module during our time at MIT. Having the experience of framing our projects in such an environment with the support of MIT professors and MIT Sloane Alumni was incredible. We had a two week course where we worked in teams on our start ups and went through an investor’s pitch intense training. It was definitely a very unique and immensely useful experience for any aspiring entrepreneur. Throughout the American module we worked with start-up companies, I for instance was part of a team developing a strategy for expansion of an E-Commerce Start up. Getting the insight on the types of problems that start ups face and developing ways of solving these problems has also helped to build up the courage and the skill set prior to the start up module. Being in the states and part of the MIT community has influenced us a lot, many start ups were born there and many people have completely changed their start up ideas, partnerships with MIT students have also formed.

Throughout the start-up module, we received consultations from the best experts, which worked individually with every start up. I still tell everyone about the time when my business model canvas was revised by Alexander Osterwalder himself. We had top corporate lawyers come in for individual sessions advising every project; project advisors were assigned to every start up depending on the theme of the start up.  A series of guest speakers throughout the module included mainly successful Russian entrepreneurs, who were enthusiastic and open about sharing their experience.  

F1GMAT: What were the courses/events and activities in SKOLKOVO MBA that helped you the most?

Anna Shay: It’s incredibly difficult to highlight anything in particular as everything we did has had an impact, yet I think the academic module and the project in India have been truly helpful. The academic module gave us the skills that we need and the hands on approach of project learning allowed us to practice these skills. With professors from LSE, MIT, INSEAD and Harvard we acquired skills in Corporate finance, micro and macro economics, managerial accounting, operations management, risk management and other subjects. Of course 3 months of the academic module is a short time to go into depth, yet our skillful professors managed to create programs, which gave us the fundamental knowledge needed to run a company and start up a business.

Despite the fact that Academics module is about theoretical knowledge, 
SKOLKOVO still managed to put a practical spin on it. It was all about learning from experience, so we went through endless amounts of case studies with the help of top management from the companies at the centre of the case studies, who were invited as guest speakers. Our risk management professor decided to get us thinking outside the box and invited a real cosmonaut to talk to us about the types of risks that people of his profession face and how to deal with them in space.

We also had a week of “Blue ocean strategy”, we worked in teams developing innovative solutions for top Russian and international companies. Thinking back now I don’t understand how 24 hours was enough and how we survived the intensity, but I guess that’s the
SKOLKOVO rhythm that you get hooked on and even after graduation, slowing down that pace seems impossible and completely unnecessary.

F1GMAT: SKOLKOVO MBA is known for being an Experiential MBA program. How has the focus on Emerging economies helped you develop skills essential for being an Entrepreneur?

Anna Shay: India was amazing and not just because of the cultural aspects. We had a rather challenging project – developing a replicable business model for a primary health care centre, serving the rural population. Working in India is definitely the closest you can get to innovation in practice. It’s not because they try to push for innovation solutions, but because there is no other way. In such conditions, you have to think outside the box, it’s the only way out, but this habit stays with you for longer than one might imagine.

Russian public project was also incredibly challenging. We had to develop a mechanism for the popularization of non-financial reporting in Russia, this was done for the Minister of Health and Social development with her personal involvement. Working with public organizations may not initially seem entrepreneurial, yet it’s the reality that most businesses operating in developing markets have to face. One of the main lessons learnt from the public project is the art of stakeholder management. With business this is not that difficult as the end aims are more or less transparent, yet in the public sector everyone has their own motif and the importance of inter personal relationships should not be underestimated.

Learn More about SKOLKOVO MBA Start-Up Module

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Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

Choose your MBA. All you need for your future in One Book

"I attended three MBA Tours in US and Canada. I could just scratch the surface compared to what the guide has included. Thank you guys for the amazing book"

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Choose your MBA program based on 19 Specializations: General Management, Finance, Consulting, Marketing, Strategy, Operations Management, Supply Chain Management, Luxury Management, Information Systems, Hospitality Management, Accounting, Energy, Non-Profit, Wine, Sports, Sustainability, Leadership Development, Military & International.

2. Research Based on Data. Not Rhetoric.

3.
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5. Steps to calculate return on investment (No Fancy Tools Required, Just Basic Math)

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Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

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