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 ‘The idea of students studying for the sake of it, is obsolete: for a long time now they have combined studying and working,’ said Roshchin.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.’
Temporary or informally employed people are less satisfied with their lives than those with a permanent job. The most apparent differences can be seen in countries with strict labour laws. Tatiana Karabchuk and Natalia Soboleva investigated the legislative impact on the social well-being of employed populations in European countries and Russia.
Economists and Researchers Gather at International Conference on Wealth and Income in Eastern Europe and CIS Countries
On September 17-18, HSE University hosted a special conference with the International Association for Research in Income and Wealth (IARIW) on the topic of Experiences and Challenges in Measuring Income and Wealth in Eastern Europe and CIS Countries. This was the first IARIW conference to be held in a CIS country. HSE News Service spoke with American economist Barbara Fraumeni about her work with economic accounting and human capital and her experience attending the conference in Moscow.
This year, a slowdown is expected in the Russian economy. According to some forecasts, the country will enter recession in 2021 or possibly even earlier. However, according to the HSE Centre for Business Tendencies Studies (CBTS), there are no noticeable signs of recession at the moment. This article looks at what keeps Russia's economy from picking up pace and why slowdowns are a possibility, according to the HSE CBTS.
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.
On July 31, the II International Economics Olympiad (IEO) for high school students came to a close in Saint Petersburg. In the team competition, the Brazilian team won the gold medal, while teams from China won silver and bronze. One of Russian teams placed fifth.
On July 24, the second annual International Economics Olympiad (IEO) for high school students kicked off at HSE University in St. Petersburg. The competition is organized by HSE University with the support of Sberbank. Students from 24 countries will compete over the course of a week. The winners will be able to enroll in any HSE Economics programme in 2020 with a full tuition scholarship.
On July 24-July 31, the second annual International Economics Olympiad (IEO) for high school students will be held in St. Petersburg. The IEO is organized and hosted by HSE University with the support of Sberbank.
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.