Course description

Advanced Leadership

This course focuses on six core leadership domains (personal, relational, contextual, inspirational, supportive, and responsible leadership). Topics examined include how the domains relate to each other, what the effects of each domain are on followers, what actions individuals can take to assess leadership and to enhance their own awareness of what each domain involves, and how to improve their skills with respect to each domain.

Business Communication

The ability to express oneself effectively is a key determinant of the impact and influence one is able to have within an organization. Given the central role financial analysis plays in a business setting, it is equally critical to have a strong skill set in presenting, describing and interpreting spreadsheet data and graphs.

Business Mathematics and Business Computer Applications

The course provides basic mathematics as well as computer skills required to achieve functional literacy with a basic set of business software tools. It covers the ways this software might be used in course work for the MBA program. Course materials are written for Microsoft Windows 2010 software.

Consequential Leadership

This course is meant to strengthen students’ leadership skills and begin to set goals for their personal development throughout the program. It includes several team activities designed to complement the principles and frameworks taught in later courses, e.g. Managerial Effectiveness.

Corporate Finance

This course examines important issues in corporate finance from the perspective of financial managers who are responsible for making significant investment and financing decisions.  The course covers both financial tools and applications. An emphasis is placed on the development of problem-solving skills based on a good understanding of the business environment as opposed to pure theorizing or mindless numbers exercises.

Decision Models

Decision problems involving uncertainty or many variables are difficult to grasp intuitively. In these cases we may benefit from using a computer-based model to explore and evaluate the possibilities in a systematic fashion. This course introduces several commonly used modeling frameworks and provides an introduction to the art and science of modeling decisions. The ideas and skills learned in this course are applicable in most areas of business.


This course is intended to provide prospective entrepreneurs with information and tools for evaluating opportunities for starting a new venture, understanding what resources and capabilities it will take to enter and provide a platform for future growth, and what business model to choose. The course focuses on innovation-intensive industries such as computers, software, pharmaceuticals, biotechnology, and communications.

Financial Accounting

This course focuses on the construction and interpretation of corporate financial reports, which are used by external parties (including investors, creditors, and regulators). Actual financial statements from real companies are discussed so that students become accustomed to the many variations that these reports take. Students gain a solid understanding of financial statements and the ability to use them for decision-making.

Financial Statement Analysis

The course provides a framework to analyze and interpret financial statements, exposes students to the publicly available sources of financial information used in capital markets, and develops important Excel modeling skills pertaining to financial planning and analysis. More specifically, this course deals with the analysis of companies, with special emphasis on how a firm’s strategy choices affect both current and forecasted financial statements.

Foundations of Finance

This course provides a rigorous treatment of the fundamental principles of capital markets, investments, and asset pricing.  The course should be valuable from the perspective of the individual investor, the corporate financial manager, and the investment manager.

Management and Organizations

The purpose of this course is to prepare students to be effective leaders and managers of others regardless of career direction and to be a good analyst of how best to organize and engage people to achieve results.

Managerial Accounting

The course focuses on planning, decision-making, and control, and covers two main topics: cost management systems and management control systems. Cost management systems generate information about the costs of the goods and services sold by the organization to facilitate decision-making that maximizes the organization’s economic interests. Management control systems are used to monitor performance, and reward the employees in such a way that their economic best interests are aligned with those of the owners of the organization.

Managerial Economics

This course is designed to introduce students to the economic viewpoint of managerial decisions. We will examine the decisions of firms, consumers, and governments and how they interact to determine market outcomes. This will lead us to explore a variety of market structures, ranging from perfect competition to oligopoly (rivalry between a small number of competitors) to monopoly (one dominant firm). We will present the foundations upon which your future insights, analysis, and intuition can be built.

Marketing Management

This course provides students with the necessary understanding of the basic marketing concepts and analytic skills so that students can intelligently address how to create and fulfill wants and needs of the customers and, in the process, also obtain the necessary differentiation so that the firm can earn a meaningful profit. Thus, the course introduces students to the principles, processes and tools necessary to analyze markets and design optimal marketing programs.

Marketing Strategy

Marketing strategy is concerned with how to manage customers to maximize firm profits. The focus is on managing at the strategic level by thinking carefully about how to select, acquire, retain, and profit from customers. The customer focus of the course means that capabilities are evaluated relative to their contribution to customer value.


Negotiation is the art and science of securing agreements between two or more interdependent parties. This course help students to understand the theory and processes of negotiation as practiced in diverse settings, recognize the components of an effective negotiation, and analyze the individuals’ own behavior in negotiations.


Orientation includes four elements: 1) team building activities designed to strengthen leadership skills and the ability to work in teams; 2) mathematical concepts relevant for finance, marketing and decision making; 3) business computer applications to develop functional literacy with a basic set of business software tools; and 4) basics of bookkeeping such as debits and credits, t-accounts, trial balances, and transaction analysis.

Quantitative Tools for Managers

This course introduces a framework for thinking about problems involving uncertainty and, building on this framework, develops tools for interpreting data.  The goal is to provide an appropriate foundation in probability and statistics for subsequent courses and for a management career.

Foundations of Strategy

The course adopts the perspective of managers within the corporation, division, or other operating unit who must mesh their individual responsibilities with the overall objectives of the firm. The course focuses on the perspectives and skills required to diagnose and find realistic solutions for strategic problems in complex business situations. Students learn how to analyze a case end-to-end and recommend an appropriate course of action.

Supply Chain Management

A supply chain is a network of organizations that are involved in the different processes and activities that produce value in the form of products and services. Effective supply chain management can enable companies to increase market shares, reduce costs, and improve customer service. This course introduces the main concepts, best practices, and key strategies of supply chain management.

Thesis/Global Practicum

This course provides EMBA students with an opportunity to apply concepts and tools learned during the program to improve their own companies. Through coursework and by engaging with various parties in their organizations, students identify a thesis topic. Faculty and staff work closely with students to provide coaching and subject matter expertise, as well as monitor progress until the final thesis is submitted.

In the Press

Good education is the key to a successful future. This is a firm foundation of professionalism, which gives confidence in their abilities and opens many doors.
Professor Chet Borucki and professor Zhijian Cui will reveal the secrets of successfull companies
This question is answered in an interview by Marek Jochec, Associate Professor, Academic Director of the MSF Program of the Nazarbayev University Graduate School of Business.
Professor of the Nazarbayev University Graduate School of Business Chet Borucki gives tips and recomendations to candidates on how to write a strong essay to impress the admissions committee, how to behave in an interview, and what candidates should not to do during application process.

Last News

Come to "NUGSB Day in Almaty" and learn more about our master programs, admission details, deadlines and requirements!
Research Symposium: "State of the Art in Research on Innovation: an Operational Perspective" on December 4, 2018 at NUGSB.
We invite you to the event "AIFC Fintech Circle Series - Microsoft Talks Financial Literacy Success" that will be on November 29, 2018.
Come to our info-session on November 27 and learn more about NUGSB master programs.

Upcoming Events

Come to "NUGSB Day in Almaty" and learn more about our master programs, admission details, deadlines and requirements!
Research Symposium: "State of the Art in Research on Innovation: an Operational Perspective" on December 4, 2018 at NUGSB.
We invite you to the event "AIFC Fintech Circle Series - Microsoft Talks Financial Literacy Success" that will be on November 29, 2018.
Come to our info-session on November 27 and learn more about NUGSB master programs.