New Economic School

What New Economic School does

New Economic School (NES) is a private non-state higher education institution founded in 1992 and headquartered at Moscow's Skolkovo Innovation Center, specializing in economics, finance, and data analytics education. It serves prospective Russian and international graduate students through a portfolio of programs including a joint Bachelor of Arts in Economics with HSE (BAE, ~108 students/year), master's programs (MAE, MAF/FIB, AIFT, EDS/ЭАД, plus MIФ and Mini-MiF for professionals, ~200 students/year), and a fully-funded PhD program (~10 students/year). NES also runs executive and online education, prep courses, and K-12 outreach (KRESH olympiad, hackathons).

NES's revenue model combines tuition (MAE 610,000 RUB/year; MAF/AIFT 645,000 RUB/year; PhD 690,000 RUB/year with 100% grants), preparation courses (15,000–23,000 RUB), and a target-capital endowment fund supplemented by donations and corporate partnerships (Sberbank, Skoltech for AIFT; Yandex ShAD for EDS; Moscow Exchange for the Career Center since 2024). Go-to-market is hybrid: a sales-led admissions process through the Gosuslugi portal, internal Olympiads (up to 100% grants), and standardized exams, complemented by an event-driven calendar (open days, webinars, school contests). Graduate placement outcomes include an average starting salary of 252,900 RUB/month for 2025 day-program graduates, with employers spanning Russian banks, tech, consulting, and the central bank.

Technically, NES operates as an educational institution rather than a technology company, but its delivery infrastructure includes online proctoring for entrance exams, the bilingual Writing & Communication Center (English and Russian), the online Mini-MiF program, and digital outreach via GURU portal content (podcasts, articles) and social channels. Strategic differentiation rests on faculty with PhDs from top global universities (MIT, LSE, Toulouse, Manchester), small-cohort personalized instruction, fully-funded PhD positions, and a tightly-integrated alumni-employer network anchored by 5,500+ participants in the NES BFS student finance club.

Name

New Economic School

Legal name

Негосударственное образовательное учреждение высшего образования «Российская экономическая школа» (институт)

Website

https://nes.ru

Company type

Private

Founded year

1992

Operating status

Operating

Short description

New Economic School is a private Moscow-based higher education institution offering bachelor's, master's, PhD, and executive programs in economics, finance, AI/fintech, and data science, serving talented Russian and international graduate students through joint programs with HSE, Sberbank/Skoltech, and Yandex ShAD.

Ownership category

akta.pro rank

Product category

Higher Education — Economics, Finance & Data Science

NAICS

Colleges, Universities, and Professional Schools (6113), Colleges, Universities, and Professional Schools (611310), Business and Secretarial Schools (611410)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Finance, Accounting & Economics Schools (EDAHAHAD)

akta.pro secondary industries

Graduate & Professional School Admissions Exams (GRE/GMAT/LSAT/MCAT) Prep (EDANABAB), Subject-Specific Short Courses & Academies (e.g., STEM, Business, Arts) (EDAIAIAC), Economics & Finance Competitions (Econ Challenge, Stock Market Games) (EDAMAGAI)

Keywords

• Graduate economics education
• Financial economics programs
• Data science education
• Economic research
• Professional finance training

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Tuition and Fees: NES generates primary revenue from tuition fees charged for its master's, PhD, and executive education programs. Tuition for 2026: MAE — 610,000 RUB/year; MAF, AIFT — 645,000 RUB/year; PhD — 690,000 RUB/year (all PhD students receive 100% grants). Additional revenue comes from executive education programs (MIФ evening, Mini-MiF online), preparation courses, and exam fees.
2. Endowment and Donations: NES operates a target capital endowment fund (Фонд целевого капитала) that receives donations from partners, alumni, and philanthropists. Donors can establish named student scholarships, professor positions, support research, or fund educational programs. The endowment supports ongoing operations and student aid.
3. Corporate Partnerships and Sponsorship: Corporate partners (such as Sberbank and Skolkovo for the joint AIFT program) co-develop programs and may provide financial support. The school also collaborates with employers for student recruitment and career development, with the Career Development & Leadership Center (ЦРКЛ) actively brokered by Moscow Exchange as a supporter since 2024.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

Core offering

New Economic School (NES) is a private non-state higher education institution in Moscow, Russia, specializing in economics, finance, and data science education. It offers undergraduate, master's, PhD, and executive/professional development programs — including joint programs with HSE (Bachelor's), Sberbank and Skoltech (AI and Fintech), and Yandex School of Data Analysis (Economics and Data Science). The school also delivers preparation courses, executive certificates, and online finance programs (Mini-MiF).

Product overview

NES offers a comprehensive portfolio of educational products across undergraduate, graduate, doctoral, and professional development levels. The core academic offerings include the joint Bachelor's program with HSE (БАЭ), two-year master's programs (МАЭ, МАF, АИФТ, ЭАД), and PhD programs in six economics specializations. Professional development products include the evening Masters in Finance (МИФ), online Mini-MiF, one-year Master of Science in Finance (МНФ), Wealth Management Workshop, and Express Certificate Programs. Supporting services include the Writing & Communication Center (WCC), Career Development & Leadership Center (CDLC), student clubs (NES Case Club, BFS Society), and the GURU popular economics portal. The institution is transitioning to a new campus in Skolkovo.

Differentiator

Problem solved

Functional benefit

Brands

• GURU Portal: Popular economics outreach portal providing podcasts and articles on economics and finance
• NES Banking & Finance Society (NES BFS)
• NES Case Club
• Career Development & Leadership Center (ЦРКЛ)
• Writing & Communication Center (WCC)

Products and services

• Bachelor of Arts in Economics (BAE/БАЭ) Four-year undergraduate program jointly delivered by NES and HSE. Provides fundamental training in economics, mathematics, and English, with electives and international exchange opportunities. Targets high-achieving high school graduates in Russia.
• Master of Arts in Economics (MAE/МАЭ) Two-year full-time master's program providing advanced training in economic theory, econometrics, and applied economics. Graduates pursue careers in academia, government, or the private sector. Tuition 610,000 RUB/year (2026); grants from 10% to 100%.
• Master of Arts in Finance (MAF/FIB / Финансы, инвестиции, банки) Two-year full-time master's program in finance, investments, and banking. Prepares students for careers in financial institutions, asset management, and corporate finance. Tuition 645,000 RUB/year (2026); grants from 5% to 75%.
• Master of Arts in Artificial Intelligence and Fintech (AIFT/ИИФТ) Joint master's program with Sberbank and Skoltech. Combines AI and machine learning with financial technologies, preparing graduates for roles in fintech companies and digital banking.
• Master of Arts in Economics and Data Science (EDS/ЭАД) Joint program with Yandex School of Data Analysis (ШАД). Integrates economics with data science and machine learning for quantitative analysis careers (quantitative analysts, data scientists, HFT researchers).
• Master in Finance (MiF/МИФ) Evening professional master's program in finance for working professionals. Allows students to combine work and study while gaining finance expertise. Grants available up to 80%.
• Mini-MiF Online Program Online condensed version of the Master in Finance program, providing flexible access to finance education for remote learners. Reduced tuition relative to full-time programs.
• Master of Science in Finance (MSF/МНФ) One-year intensive full-time program in finance for advanced training and career advancement in the financial sector.
• PhD Programs in Economics Doctoral programs in economics covering six specializations: Economic Theory, Mathematical and Statistical Methods, Regional and Sectoral Economics, Finance, World Economics, and Management. Tuition 690,000 RUB/year — all PhD students receive 100% grants plus a 50,000 RUB/month stipend and optional 25,000 RUB/month housing allowance.
• Wealth Management Workshop (WMW) Professional development program covering wealth management, investment strategies, and financial planning for high-net-worth individuals and professionals in the wealth management industry.
• Express Certificate Programs Short-term professional certificate programs in finance providing targeted skills for career advancement.
• Advanced Linear Algebra and Mathematical Analysis Prep Course 100-hour intensive online preparation course covering advanced linear algebra and mathematical analysis for MAE, ЭАД, and ИИФТ admissions, and for NES Olympiad preparation.
• Mathematics Prep Course for MiF and Mini-MiF 10-session online course preparing applicants for MiF and Mini-MiF mathematics entrance exams and olympiads. Priced at 15,000 RUB.
• MatReshka Intensive Mathematics Course 4-week intensive online mathematics course for incoming bachelor's students, covering functions through integrals at university level.

Quantifiable outcome

• Average starting salary for NES full-time program graduates (2025): 252,900 RUB/month
• +2 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Eight partnerships are on record, tiered significant, core and minor.

• Moscow Exchange (MOEX)significantGTM or Marketing Partner · 1 January 2024Moscow Exchange supports the Career Development & Leadership Center (ЦРКЛ) at NES since 2024. MOEX also hosts student visits to its Moscow City office, providing career exposure for NES students interested in financial markets.
• Bank of Russia (ЦБ РФ)significantStrategic or Co-development Partner · 1 January 2024The Bank of Russia co-organizes the annual Economics Research Seminar with NES and HSE. The 16th seminar (November 2025) focused on big data and alternative data in finance and economics, with 300+ participants (105 in-person, ~200 online).
• SberbankcoreStrategic or Co-development Partner · 1 January 2023Sberbank co-develops the joint master's program 'Artificial Intelligence and Financial Technologies' (AIFT) together with NES and Skolkovo (Skoltech). The program was launched in 2025 with 25 planned enrollment places. Sberbank provides industry expertise, guest lectures, and career opportunities for students.
• Skolkovo (Skoltech)coreStrategic or Co-development Partner · 1 January 2023Skolkovo Innovation Center and Skoltech co-develop the AIFT program with NES and Sberbank. Skolkovo hosts NES's campus and provides the innovation ecosystem for student projects and networking with tech companies.
• Yandex School of Data Analysis (ШАД)coreStrategic or Co-development Partner · 1 January 2020NES and Yandex's School of Data Analysis jointly run the 'Economics and Data Science' (EDS/ЭАД) master's program. Yandex provides data science expertise, industry connections, and faculty contributions to the program. Graduates work as quantitative analysts, data scientists, and HFT researchers.
• International Finance Student Association (IFSA)minorStrategic or Co-development Partner · 1 January 2015NES Banking & Finance Society (NES BFS) joined IFSA in 2015 as the exclusive Moscow/Russia chapter. Through this partnership, NES students gain access to international finance competitions (IFSA Traders' Cup), cross-country events, and a global network of finance clubs across 14 countries.
• NIU HSE (National Research University Higher School of Economics)coreStrategic or Co-development Partner · 1 January 2013NES and HSE jointly run the 'Bachelor of Arts in Economics' (BAE / Совместный бакалавриат) — the flagship joint bachelor's program. Students benefit from both institutions' resources, faculty, and career networks. HSE handles state-funded admissions while NES delivers specialized economics curriculum.
• Employers Network (ЦБ РФ, Яндекс, СБЕР, Т-Банк, ВТБ, Авито, МТС, Озон, PLATA, X5, Райффайзен банк, Уралхим, Яков и Партнёры, Commerzbank, Strategy Partners, Toloka)significantGTM or Marketing PartnerNES maintains a broad network of employer partners who recruit NES graduates. Key partners include leading Russian and international banks, tech companies, consulting firms, and corporations. The ЦРКЛ career center actively cultivates these relationships through company visits, guest lectures, and recruitment events.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• London School of Economics (LSE): Top global economics and social science university that historically attracts Nes alumni for PhD placement and competes at the international end of the same demand curve for elite economics training.
• Central European University (CEU): Private research university with a graduate focus in economics, political science, and social sciences. Models a similar small-cohort, English-language, internationally-recruited graduate economics program.
• Bocconi University: Elite private European economics and business university analogous in positioning (small-cohort, premium-priced, employer-targeted finance/economics programs) and competes internationally for talented students from the same pool.
• RANEPA (Russian Presidential Academy of National Economy and Public Administration): Large state-run academy running graduate economics and public administration programs. Targets mid-career professionals and competes for the same pool of premium-payers in Moscow.
• MGIMO University: Major Russian university with a strong economics/finance faculty serving both Russian and international students. Larger scale, broader mandate, but competes for top Russian graduate talent in finance and economics.

Direct peers

• Skolkovo Business School (Skolkovo Moscow School of Management): Elite private business school co-located on the same Skolkovo campus as NES; serves overlapping executive and master's audiences in finance/management with strong corporate (Sberbank/VEB) sponsorship.
• Moscow School of Social and Economic Sciences (Shaninka): Private Anglo-Russian social science graduate school founded with University of Manchester partnership. Competes for the same English-language, internationally-oriented Russian student segment.
• Stockholm School of Economics in Russia: Private, English-language economics and business school operating in Russia with a similar premium positioning to NES. Directly competes for the same cohort of Russian and CIS students seeking Western-style economics education.
• HSE University (Higher School of Economics): Russia's leading public economics and social science university; the joint-program partner for NES's BAE bachelor's. Directly competes for top Russian economics talent at the undergraduate and graduate level.

Emerging players

• Yandex School of Data Analysis (ShAD): Industry-led data science graduate school partnered with NES on the EDS program; competes for top quantitative talent and could broaden into adjacent economics/data curriculum over time.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights8 records

Customer concentration

• YouTubeyoutube.com/user/NewEconomicSchool
• Xx.com/NES1992
• Facebookfacebook.com/NewEconomicSchool
• LinkedInlinkedin.com/company/new-economic-school

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about New Economic School