NUGSB’s objectives stem from three main, mutually intertwined categories – teaching, research and service. In order to train and prepare the new generation of managers, entrepreneurs, and leaders of Kazakhstan and the region, the school puts cutting edge research at the heart of its mission. By engaging in world-class research in the fields of management, finance and economics, our faculty translates global knowledge into local context. Research-informed teaching also serves society by producing future professionals who are flexible and open to new ideas. For this purpose, we strive to attract research driven faculty and create a culture where good research ideas are turned into great research outcomes. In the growth period, the focus of NUGSB will be on three main areas: Entrepreneurship and Emerging Markets.

Entrepreneurship remains a priority in most economies, and particularly so in the context of Kazakhstan as recognized in the 2050 Strategy document proclaimed by President Nazarbayev. Kazakhstan is in a process of transition from an economy dominated by public sector to one more driven by small and medium enterprises. There is widespread evidence that the growth engines of an economy are not large companies, but the many small entrepreneurs who launch their small and medium scale businesses. Entrepreneurship is a broad topic that includes many disciplines such as innovation, technology, strategy, marketing, venture financing, and economics, among others. Given this, we would like to set up a research program around the issues of entrepreneurship in Kazakhstan and bring the best practices from around the world.

The second topic that will be researched at NUGSB in the next few years is Emerging Markets. This is again a broad topic that covers a variety of issues such as how companies in emerging markets develop their own capabilities, expand abroad, and gain and sustain their long-term competitiveness. These are issues that also resonate with firms in Kazakhstan, and the broader economy as a whole. We are assembling a roster of faculty who are looking issues of Emerging Markets from different perspectives and disciplines, with the goal of understanding how best practices from other emerging markets can be applied to Kazakhstan.

The third area of research is the Financial Markets. Research and teaching in this area would cover key aspects of financial markets development, corporate finance and financial literacy. In this context, it is envisaged to establish a Financial Markets Center at GSB. Financial markets reform and development is also a key policy area of the government in Kazakhstan. The Astana Financial Center is planned to be launched in 2017, and the new Financial Markets Center would be a natural complement and enabler for the Astana Financial Center. Within the Financial Markets Center, it is also planned to set up a Finance Lab that will contain a variety of data sources, finance tools, business news, market intelligence, investment products. The Finance Lab will be primarily an instructional and training facility for local students and professionals that want to further a career in finance.

NUGSB Research Areas



In the Press

You are worth exactly as much as your connections. It has long been known - the more people have great connections, the easier it is for them to solve problems.
The main task of modern business is to be aware of new trends and respond quickly to changes. And this applies to all aspects of business, including personnel development. Why it is important for businessmen to get new knowledge in a timely manner and why companies need to invest in human capital, in interviews said Erken Turganbayev, Director of programs for executives of NUGSB.
A university professor should not only be demanding and able to explain his subject, but also have relevant information. Publications in well-known scientific journals are considered to be the main indicator of this relevance in the scientific community.
NU School of Business started admission for the year 2019 for MBA program, MBA program for managers and MSc in Finance (Master of Science in Finance) program. The correspondent of looked into their peculiarity and applied orientation.

Last News

Nazarbayev University Graduate School of Business invites you to Research Seminar “Africapitalism, MNEs, and the Sustainable Development Goals in Africa” by Kenneth Amaeshi, Chair in Business and Sustainable Development and Chair of the Sustainable Business Initiative, The University of Edinburgh
On April 25, 2019 NU Graduate School of Business hosted a BUSINESS TALK & COFFEE networking workshop: “How to develop creativity and innovation in organizations?” by Dr. Cinzia Colapinto.
On April 20, 2019 Nazarbayev University Graduate School of Business held the GSBNU Alumni Reunion. This year Alumni Reunion was represented by a 1-day weekend program (Official part and Dinner).
Finance Research Symposium features discussions and talks by academics, practitioners and policy makers in Finance and Economics around a three  different themes «Financial Econometrics and Statistics; Behavioral Finance and Economics; and Capital Markets and Monetary Policy» held at Nazarbayev University on 18-19 April, 2019. The Financial Research Symposium aimed to bridge the gap between the […]

Upcoming Events

A two-day Research Symposium about Finance and Economics will take place at Nazarbayev University Graduate School of Business on April 18-19, 2019.
We invite you to the master class “How to develop creativity and innovation in organizations?” by Dr. Cinzia Colapinto on April 25 at 6:30 pm
Come to NUGSB on February 16, 2019 to attend free master classes during the Open House Day! The registration is closed.
Decision makers are surrounded with concepts and terminology from financial accounting: gross profit margin, operating cycle, liquidity, solvency, and numerous others. This course provides an applied introduction to the key topics in financial accounting and financial statement analysis. In the process, we will also introduce concepts and terminology of finance. As a result, program participants […]