Student Work Experience Helps Graduates Win Higher Salaries
Sergey Roshchin, HSE Vice Rector. Photo: Ilya Safarov, Ural Federal University
Sergey Roshchin, HSE Vice Rector, discussed the main trends in graduate employment at a panel discussion titled ‘University-Graduate-Business: How to Build Constructive Partnership’ organized by the Ural Federal University and Sistema Charitable Foundation as part of the XIX World Festival of Youth and Students in Sochi. The participants discussed the changes required in education due to growing competition and the approaches that universities and employers take to pooling efforts and creating a joint vision.
Sergey Roshchin analysed the position of young people on the labor market and said that those students who work while studying can take home salaries that are 20-30% higher than their colleagues in their first graduate jobs. ‘The idea of students studying for the sake of it, is obsolete: for a long time now they have combined studying and working,’ said Roshchin. ‘In universities some lecturers still think that students should only study and not be distracted by anything else. That’s a myth: when students work, it does not mean that they will become unprofessional specialists.’
Sergey Roshchin also outlined a problem that threatens the Russian labor market in the near future. Due to demographic waves, in particular due to the low birth rate in the 1990s, a very limited number of young people will join Russia’s labor market over the next 15 years. This means that the economy will have to deal with senior and middle-aged people. Competition for employing young people will increase, and this will have both positive and negative consequences, which is why this limited resource should be used with care. This is the most important background factor that will influence the situation in Russia for the next decade, if we are talking about employment.
Maxim Matsiborko, Regional Development Leader, PwC Russia, agreed with the HSE Vice Rector on the influence of experience on salary: ‘In our company, when hiring the employees with experience or who have at least completed internships, we offer them higher salaries, and we hire 20,000 to 30,000 young specialists every year.’
Anna Yanchevskaya, Director of Sistema Charitable Foundation, named the key skill that helps young professionals in their career: ‘The key skill that you can master in the university is self-study. It also applies to business: everything changes so fast, you see interdisciplinary approaches everywhere. If you study fast, you achieve success. It’s only a question of your motivation.’
Victor Koksharov, Rector of Ural Federal University indicated the people who help graduates build careers: ‘For us the issue of our graduates’ employment is one of the key questions. Students and graduates themselves play an important role in cooperation with employers. In a year more than 90% of the graduates find jobs, 80% of them work in their specialization area.’
It is believed that carbon dioxide emissions into the atmosphere are mainly regulated by ‘direct’ economic instruments - the carbon tax and the Emissions Trading System (ETS). However, a comparative analysis has shown that ‘indirect’ instruments, such as excise taxes on motor fuel and other energy taxes, did not yield any lesser impact than their ‘direct’ counterparts, and, over time, were even more effective. This is the conclusion drawn by HSE researcher Ilya Stepanov in his article, ‘Taxes in the Energy Sector and Their Role in Reducing Greenhouse Gas Emissions’.
Experts from the HSE Centre for Business Tendency Studies (CBTS) analysed for the first time the growth of the manufacturing industry in CIS countries between 2004 and 2016. It was conducted within the framework of a regional project of the United Nations Industrial Development Organization (UNIDO) “Improvement of industrial statistics and development of indicators of industrial performance for policy-relevant analysis in CIS countries”.
Post-Soviet life and the economic ups and downs of recent years have changed the attitude of Russians towards saving. Now, it is not the less fortunate who save, but the more intelligent, according to Elena Berdysheva and Regina Romanova. Or, more to the point, it’s the more intelligent women: domestic finances are usually dealt with by females. At HSE’s recent XIX April International Academic Conference, researchers explained how Russians adjusted and optimized family budgets following the crisis of 2014-2017 and how this relates to gender issues.
The notion that Karl Marx's works have been studied inside and out is fundamentally incorrect. The huge body of his manuscripts has still not been completely processed, and his seminal work, Capital, was only recently published with the final edits of the author. The 19th April Conference at the Higher School of Economics included the section ‘Methodology of Economic Science’ which was devoted to the work of the German philosopher and political scientist. Independent researcher and professor from Berlin, Thomas Kuczynski, gave a presentation at the conference which pointed out numerous aspects of Marx’s continuous rethinking of allegedly fixed truths.
Experts at HSE have shown that the foreign direct investment is an important and necessary determinant for positive return on exports. Such companies consequently encounter a higher level of competition in terms of quality and intensity. Research results have been published in the Baltic Journal of Management.
In his book, Rise of the Robots: Technology and the Threat of a Jobless Future, futurist Martin Ford warns of 75% unemployment by 2100, as robots will finally defeat humans and half of all existing occupations will disappear. Should we believe it? Prominent Russian economist and deputy director of the HSE Centre for Labour Market Studies Rostislav Kapeliushnikov does not think so. According to his paper 'Is Technological Change a Devourer of Jobs?'', predictions of a 'labour market apocalypse' with mass loss of jobs caused by technological progress are unfounded.
HSE experts demonstrated that companies with foreign participation have an easier time overcoming the consequences of economic recessions. The results of the study were presented in the paper ‘Lean against the wind: The moderation effect of foreign investments during the economic recession in Russia’ published by the Journal of Economics and Business.
Oleg Ananyin, Tenured Professor, Professor in the Department of Theoretical Economics (Faculty of Economic Sciences), Academic Supervisor of the ‘Politics. Economics. Philosophy’ master’s programme, Chairman of the Education and Teaching Methods Council, Member of the HSE Academic Council, spoke on his academic interests, as well as shared his thoughts on the development of HSE and Russian economic community.
HSE ICEF student Alexander Lee delivered a presentation titled ‘The Economy for Future Development’ during the session ‘Youth 2030. The image of the future’ at the XIX World Festival of Youth and Students, which took place in Russia from October 14-22. The presentation was based on creative work and discussions held over the course of one week among a group of international students led by experts from ISSEK and Yuri Simachev, Director for Economic Policy. Vladimir Putin, President of the Russian Federation, took part in the event.
In deciding to join HSE as a post-doc fellow in the Center for Institutional Studies), François Guillemin sought to combine a sense of adventure with a post-doctoral experience that would allow him to continue his research in the field of banking regulation. HSE ended up on the top of his list, and he accepted an offer to start this September.