Макарова Ольга Всеволодовна

Responsibilities

Ph.D., МВА,
CMBE (Certified Management and Business Educator, CABS, UK)

Education and Degrees

1999

Candidate of Sciences* (PhD)

1993

Degree
St. Petersburg University of Economics and Finance

* Candidate of Sciences
According to the International Standard Classification of Education (ISCED) 2011, Candidate of Sciences belongs to ISCED level 8 - "doctoral or equivalent", together with PhD, DPhil, D.Lit, D.Sc, LL.D, Doctorate or similar. Candidate of Sciences allows its holders to reach the level of the Associate Professor.

Continuing education / Professional retraining / Internships / Study abroad experience

MBA (IMISP-Henley-Bocconi-ESADE-EmLyon, 1999)

additional education (main):

- Psycology of teaching (ВШЭ, 2024)

- Organizing distant interactive group work (HSE, 2021)

- Data storage and Analysis (ITMO, 2021)

- Working in Teaching System BlackBoard (SPbU, 2020)

- E-marketing (Texterra, 2020)

- SAP & S4/HANA - Intellectual Enterprise Process Management (СПбПУ, 2019)

- System of efficient tasks in distance and blended learning (2018)

- Information Systems Administrator, PG diploma (LIMTU, 2014)

paper: Budgeting and Management Reporting Automatization by 1C:ERP and 1C:Consolidation Implementation for Decentralised Companies

- Internal control: Sorbanes-Oxley Act - seminar (Ernst & Young, 2006)

- Accounting for local GAAP and IAS reporting (IMISP, 2001)

- Financial Accounting, Management Accounting - seminars (Artur Anders, 1995-97)

INTERNATIONAL DEVELOPMENT PROGRAMS:

LSS - Ljubljana Summer School, School of Economics & Business, Ljubljana (Slovenia, 2019)
Corvinus University, Erasmus+ program, Budapest, (Hungary, 2019)
Vienna University of Economics & Business (WU), Erasmus+ program, Vienna (Austria, 2017, 2019)
Strategic and operational financial management in healthcare. Series of seminars of HFMA, Orlando (USA, 2009)
Seminars on strategic management. Haas School of business at Californian University, Berkley (USA, 2008)
Achieving Competitive Excellence (ACE), corporate program at Pratt & Whitney, Montreal (Canada, 2004, 2005)
Seminars at Fitchburg college and internship at Simplex corporation, pilot project of Presidential Program for managers, Boston (USA, 1998)
Managing for Profitability, corporate training at AT&T-Lucent Technologies (1996)

Professional Interests

business-planning performance-based budgeting business architecture strategic financial management investment projects evaluation Business Performance Management (BPM)Modern business models Telecom endowment funding social impact measurement

Courses (2024/2025)

Business planning and performance analysis (Master’s programme; St Petersburg School of Economics and Management field of study Management; 2 year, 1, 2 module)Eng
Business planning and performance analysis (Mago-Lego; 1, 2 module)Eng
Finance, Fundraising and Crowdfunding (Master’s programme; St Petersburg School of Economics and Management field of study Management; 1 year, 2 module)Eng
Finance, Fundraising and Crowdfunding (Mago-Lego; 2 module)Rus
Financial Management (Master’s programme; St Petersburg School of Economics and Management field of study Management, Economics; 1 year, 3 module)Eng
Financial Management (Mago-Lego; 3 module)Rus
Performance Management (Master’s programme; St Petersburg School of Economics and Management field of study Finance and Credit; 1 year, 1 module)Eng
Performance Management (Mago-Lego; 1 module)Eng
Sustainable Finance (Master’s programme; St Petersburg School of Economics and Management field of study Finance and Credit; 1 year, 4 module)Eng
Sustainable Finance (Mago-Lego; 4 module)Rus
Past Courses

Author's courses and master-classes (in Russian, in English):

- on-line course Doing Business in Russia (at SPbU) on Coursera (with co-authors)

- Basic financial management instruments and budgeting system - series of seminars for management of engineering company Dipaul

- Cost reduction at food production enterprises - open program organized by School of Food Production Management

- Basics of Working Capital Management and Commercial Decisions - seminars for commercial department of Neva Milk (formerly Nevsky Cheeses)

- Financial Management Basics for Owners - seminars for shareholders of Jenavi

- Financial reports analysis, marginal approach - seminar for pulpwood production company-exporter Lemo

- Financial indicators, departmental marginal contribution - series of seminars for top & departmental management of mobile operator Tele2

- Other seminars for management and owners upon request

Timetable for today

Full timetable

Online Courses

Doing Business in Russia (co-author), 2019
online course of SPbU at Open Education and Courcera, in English

https://openedu.ru/course/spbu/RUSBUS/

https://gsom.spbu.ru/all_news/event2019-12-9_1/

Employment history

1992-2008 - financial director (CFO), financial manager, controller with Russian subsidiaries of international companies:
- AT&T (Lucent TEchnologies),
- Gillette CIS,
- Metrosvyaz CIS,
- Tele2 SPb,
- Pratt & Whitney Rus,
- Agility Logistics CIS.

2008-2011, 2015-2021 - GSOM SPbU:
strategic and international management department,
finance and accounting department,
Director of master programs
Executive board member and a member of finance committee at CEMS global alliance (cems.org),
International and Double Degree programs academic director,
Director of executive education center,
Copropate programs academic director,

+ since 2008 - business consultant, visiting lecturer at GSOM SpbU, HSE Spb, SWISSAM, SPbUE&F, AlmaU

https://sites.google.com/site/ovmakarovafinance/welcome-page-engl/Profile

Consulting (since 2008 till now)

Academic adviser of consulting projects for the companies:
MTS, VympelCom, Megafon, Tele2, Gazpromneft, Rosneft, Almatyinzstroy, Lenta, Ahlers Logistics, Amrest, Netwrix, VCV, L'Oreal, P&G, FAR & other

Consulting for owners & management, incl.:

management reporting audit & reingeneering, constructing a budgeting system (MBO),
KPIs and management reporting based on marginal approach,
business units performance evaluation system,
transfer pricing for business units performance management
clients & product profitability analysis,
financial model of management analysis, payroll plannings and motivation sustem,
anti-crysis management,
financial and economic support of investment and marketing decisions,
content-coordination of ERP system implementaton,
investors' ambassador in projects, incl. automatization,
educational programs for company management.

Academic (rus & engl) and administrative experience in the Universities:

Since 2019 - CMBE (Certified Management and Business Educator), status awarded by CABS (Chartered Association of Business Schools, UK)

2015 - 2021 - Graduate School of Management (GSOM), St.Petersburg University, Master's Programs (#23 in MIM FT ranking 2018, education in English, dual degrees, CEMS)

http://gsom.spbu.ru/en/gsom/faculty/fulltime/makarova/

Academic Director, International Programs, Double Degree programs;

CEMS Executive Councillor (Board Member), member of CEMS Finance Committee

Director of Master Programs (2015-2016)

Strategic & International Management Department, teaching (in English at master level, in Russian at EMBA): Doing Business in Russia, Business-Planning, Financial

Management, Management Accounting, Budgeting & Management Control Systems, Working Capital Management

2013 - 2015 - swiss-american Hospitality Business School (SWISSAM) (specialisation - hotels, restaurants, tourizm)

teaching (in English): International Financial Accounting and Reporting, Management Accounting, Financial Analysis, Business-planning, evaluation of investment projects

2013 - 2018 - Higher School of Economics (HSE) , Saint-Petersburg branch, Finance Department, associate professor (part-time)

teaching at Master Degree Programs (in English, Russian):

Introduction to Financial Management, Working Capital Management

2008 - 2011 - Graduate School of Management (GSOM), St.Petersburg University, Finance & Accounting Dept, Sr.lecturer,

Director of Executive Education Center,

Academic Director of Executive education programs.

teaching (in Russian, at all levels): Management Accounting, Working Capital Management, Internal Audit, Business-planning, Ivestment Projects

2000 - 2001 - StPb University of the Economics & Finance (SPbUE&F), Finance Dept (part-time)

teaching (undergraduate): Financial Management Basics, Investment Projects Evaluation

4

Apr

2024

Sustainable future – in hands of our Masters in Finance

20

Jul

2023

How masters save companies

... And so the risk maps are mapped out, business plans are developed, resources required are calculated, cash flows are projected and development projects are presented to CEOs.

11

Jul

2023

How masters save companies

Two months of hard teamwork by master's students successfully concluded in June

8

Dec

2022

'Be an Integral and Valuable Part of Your Team': Olga Makarova on Working in Business and Teaching

Olga Makarova is a lecturer at the School of Economics and Management, HSE University-St Petersburg. In the 90s, she was one of the lucky people who were good at Economics and foreign languages. Thanks to that, for a long time, she was working as a financial executive for such large companies as AT&T, Gillette CIS, Tele2, Pratt & Whitney. Then she transferred to the education and consulting spheres. Read about how prof Makarova started her career and what the students should make a note of in the article.

Olga Makarova

Responsibilities

Education and Degrees

Continuing education / Professional retraining / Internships / Study abroad experience

Professional Interests

Courses (2024/2025)

Courses (2023/2024)

Courses (2022/2023)

Courses (2021/2022)

Author's courses and master-classes (in Russian, in English):

Timetable for today

Online Courses

Employment history

Consulting (since 2008 till now)

Academic (rus & engl) and administrative experience in the Universities:

Sustainable future – in hands of our Masters in Finance

How masters save companies

How masters save companies

'Be an Integral and Valuable Part of Your Team': Olga Makarova on Working in Business and Teaching