Why MBA: International University of Monaco

German Belyaev is in the senior ranks of Russia's Department for Investments and Innovation

German Belyaev is a senior expert at the Department for Investments and Innovation, in Russia’s Chamber of Commerce and Industry. He searches for innovative business projects and partners them with business angels, venture capital funds and banks. And he used an MBA at Europe’s International University of Monaco, to get there.

IUM’s MBA program is based in Monaco but it offers a global experience, and attracts international managers.

German is a case in point. The Russian has worked across the science and innovation fields in his native nation, including as executive secretary of the committee for scientific-technical innovations and high technologies. He also served as a corporate sales executive with Partner, a Russian manufacture of drilling rigs, securing contacts with Gazprom and Rosneft, Russia’s two energy supermajors.

He holds a qualification in international economic relations from the Russian government’s Finance University. He graduated from the IUM MBA in 2008.

When and why did you decide to begin an MBA?

I decided to begin my MBA in 2006 immediately after I graduated from the finance academy under the government of the Russian Federation. I think that an MBA program gives you the possibility of learning all the necessary knowledge to become a competent and competitive manager, or to run a business.

An MBA is a prestigious degree that makes you more relevant in the recruitment market and allows you to get a better-paid job. 

How did you choose International University of Monaco?

International University of Monaco was highly ranked, among the world’s top one-hundred universities by a number of magazines and sites, and the education had a reasonable price.

I’ve always been keen on foreign languages. I’ve been learning English since I was a kid and started learning French later in the finance academy. So it was intentional that I chose the English speaking university based in the French speaking territory. This allowed me to maintain my level of English and improve my French dramatically. 

How have you put the MBA to use with your current employer, the Department for Investments and Innovation?

I definitely use the knowledge I got at IUM, such as financial analysis, time management, and marketing, at work on a regular basis.

Would you be where you are now without the MBA?

It's hard to say where I would be now. But the fact is that I’m respected and valued by my colleagues for the achievement. 

What’s your assessment of Russia's technology sector?

First of all, I would like to emphasize that an extremely large amount of Russia’s working population has been through higher education. Our country has always been solid in science and math and produced innovations in the past that are used around the globe today. The real problem I see is that some Russian scientists do not know how to commercialize technologies and others do not strive to do it. Today the Russian government is trying to settle the matter by creating development institutions, and approving amendments to the law on science. 

What are your career goals?

My career goal is to become a top manager at an influential, international company.

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