KBTU Business School

JSC «Kazakh-British Technical University»
Business School
Department of “Business and Social Sciences”
CATALOG
2017-2018 ACADEMIC YEAR
6M050700 Management
Master of Business Administration
6M050900 Finance
MS in Financial Analysis
6M050700 Management
Master of Science in Supply Chain and Project Management
Almaty 2017
DISCLAIMER
Kazakh-British Technical University (KBTU) Business School (KBS) wishes to emphasize that the materials in
this catalog, including policies, academic programs, curricula and tuition fees, are subject to change, alteration,
or amendment at the absolute discretion of KBTU. Changes applicable to the academic year 2017-2018 that are
adopted after the date of this Catalog shall be considered as an addendum and an integral part of this Catalog.
TABLE OF CONTENT
PART I – KBTU AND BUSINESS SCHOOL MISSIONS.... .............................................................................. 4

PART II – THE ACADEMIC CREDENTIALS OF ALL FACULTY MEMBERS ...... ............................................. 6
PART III – KBTU BUSINESS SCHOOL GRADUATE PROGRAM DESCRIPTION AND CURRICULUM ........... 11
MBA PROGRAM .......................................................................................................................................................................... 11
Program mission, goals and objectives ................................................................................................................................... 11
Degree Requirements .............................................................................................................................................................. 13
Program Plan............................................................................................................................................................................ 14
MBA Specialization Details ..................................................................................................................................................... 14
MS IN FINANCIAL ANALYSIS PROGRAM ............................................................................................................................... 16
Degree Requirements .............................................................................................................................................................. 17
Program Plan............................................................................................................................................................................18
MS IN SUPPLY CHAIN & PROJECT MANAGEMENT ............................................................................................................. 19
Degree Requirements ............................................................................................................................................................. 20
Program Plan............................................................................................................................................................................ 21
PART IV – COURSE DESCRIPTIONS ......................................................................................................... 22
MBA PROGRAM ......................................................................................................................................................................... 22
MS IN FINANCIAL ANALYSIS PROGRAM .............................................................................................................................. 27
MS IN SUPPLY CHAIN & PROJECT MANAGEMENT ............................................................................................................ 29
PART V – ACADEMIC POLICIES AND PROCEDURES .................................................................................31
ADMISSION PROCESS ............................................................................................................................................................... 31
TUITION FEES ............................................................................................................................................................................ 34
ACADEMIC POLICIES ................................................................................................................................................................ 36
Credit system ........................................................................................................................................................................... 36
Registration for courses .......................................................................................................................................................... 36
Grading system ....................................................................................................................................................................... 36
Grade Point Average (GPA) .................................................................................................................................................... 36
Student status at KBTU .......................................................................................................................................................... 39
Leave and withdrawal from KBTU ......................................................................................................................................... 39
Transfer between programs .................................................................................................................................................... 40
Transger of credits .................................................................................................................................................................. 40
Graduation requirements ........................................................................................................................................................ 41
PART VI – STUDENT FACILITIES ............................................................................................................. 43
STUDENT CENTER .................................................................................................................................................................... 43
STUDENT DINING ..................................................................................................................................................................... 43
MEDICAL SERVICES.................................................................................................................................................................. 43
DORMITORY ............................................................................................................................................................................... 43
3
PART I – KBTU AND BUSINESS SCHOOL MISSIONS
In December 2015 the President of the Republic of Kazakhstan as part of a merger with the (much larger)
KazNTU tasked KBTU to shift away from its former core of oil and gas and chemical engineering to focus on IT,
business and economics education with the goal of driving the future development of the Republic:
"In the current turbulent situation the role of KBTU will be increased to support the future of the
Republic"
“We need high-skilled technologically advanced engineers, economists, and managers" (N.A.
Nazarbayev, December 25, 2015)
As part of the wider KBTU family, KBS operates within the broad mission of the University, which is as follows:
'KBTU considers its mission to provide high quality education for future leaders in
business and industry, to promote innovative technologies and research in the most
advanced and promising areas of science, for the benefit of the region and the country as
a whole'.
Within this framework statement, to reflect the unique position of KBS within the KBTU system, the following
KBS mission statement has been adopted:
KBS is the Networked Business School - We aim to deliver best in class services in all areas in
partnership
A more detailed statement has also been adopted

'KBTU Business School (KBS) was founded on the networked principle. In today’s
interconnected world, the best way to deliver quality is through partnership. In all our activities,
we believe that this networked model offers maximum flexibility and efficiency to deliver quality
services in Kazakhstan. To that end, since its creation, the Business School has sought and will
continue to develop partnerships on an institutional and individual level to deliver best in class
services to our clients in every area of operations. KBTU Business School is uniquely placed
within Central Asia as a node in the global education network to provide access to the region and
to support key actors in the region to develop global links'.
To make this happen, we believe that it is critical to view all operations as interconnected. For example, quality
research informs what is taught in the classroom, leading to improved quality of the academic programs,
opportunities for making the link to consulting projects and provides a foundation for more effective executive
training. Focusing on upgrading quality in all areas simultaneously will, we argue, drive a virtuous circle of quality
improvement (Figure 1), which will be further driven by the development of demanding customer relations with
external partners, within KBTU, with government, the business community and international university partners.
Our programs will:

 serve existing pillars of the city, regional and national economy, with sector-specific programs in oil and
gas, financial and business services;
 principally though the MS in Supply Chain and Project Management, provide support for the
development of transportation and logistics to help Kazakhstan benefit from its strategic location on the
‘new Silk Road’ between Europe and Asia.
 provide a cross-sectoral foundation-building programs in human resource management, project
management, technology entrepreneurship with a particular focus on software, environmental and
creative industries and entrepreneurial finance.
The Networked Business School in Action - Collaboration with The British Council, Almaty Akimat and
EU
On November 14 2016 the EU delegation to Kazakhstan awarded a 430,000 Euro project to a consortium
of the British Council in Kazakhstan, KBTU Business School, Almaty Akimat and Almaty Development
Centre for a three year project entitled 'Engaging Citizens in Smart City Development'. KBTU Business
School will gain 50-60,000 Euro per year for each of the three years (150-180,000 Euro total). This will be
used to cover administrative costs of managing the project, plus an allocation to cover part of the time
of senior administrators to support the management of the project.
This project will involve a series of workshops or forums, training for community leaders and public
sector officials in developing constructive dialogue and the development and management of a
'challenge fund' for technology-driven social enterprises. In addition there will be two major conferences
and the development of good practice guides in how to develop and manage a smart city project that
simultaneously delivers technological solutions while drawing on the resources of the community to
ensure social and economic relevance.
In essence the project complements KBTU's work on the technical side of smart city development by
focusing on increasing the 'soft' or people-based capacities of leading actors in the city alongside the
'hard' technology solutions and represents a step change in the engagement of the Business School
with the community.
KBS Strategy Framework-Developing A Virtuous Circle
Figure 1: KBS Strategy Framework
As noted in Figure 6 and in the KBS mission, four goal areas have been identified. KBS aims for demonstrated
excellence in:
 Academic programs
 Research
 Executive Education
 Consulting
Each goal is based on the foundation of:

 quality faculty to ensure delivery;
 orientation to external stakeholders to ensure relevance;
 level of internationalization to ensure the uniqueness of the KBS offer within Kazakhstan, combining the
global and local to produce high utility outcomes;
 demonstrable outcomes, visible to all stakeholders through adoption of a transparent monitoring
framework as an integral part of the initial development of the strategy.
By 2018, KBS will have a reputation for quality in all areas of operations. The aim is to develop synergies
between each goal:
 Better academic programs lead to better research due to the demand for relevance.
 More research leads to better academic programs and consulting opportunities.
 Consulting (in partnership) leads to more relevant academic programs and research, and to more
executive education in partnership with iKBTU.
 Development of internal and external linkages accelerates the process of development
Under each goal (programs, research, and consulting, executive education) plans have been developed with
KPIs and milestones to set the roadmap. These are set out in more detail in section 6 below.
5
PART II – THE ACADEMIC CREDENTIALS OF ALL FACULTY MEMBERS
Ken Charman, Ph.D. Professor
Ken Charman is senior faculty at KBTU Business School in management and

economic development, focusing on national, regional, company and individual
competitiveness. Originally from London, Ken has a BA (joint honours) in
economics, an MBA and PhD from London Business School, with thesis published
on the performance of international joint ventures in Kazakhstan. Since 1991 he
has been lead-consultant on large-scale multinational development projects in
Eastern Europe, the CIS, and the Middle East, primarily for the European
Commission.
He has managed long-term assignments in Kazakhstan (1993-96 and 2005-
present), Kyrgyz Republic (1994-6 and 2014 to the present), Belarus (1999-2001)
and Syria (2003-04) with further assignments through these regions. He now
teaches economics and management science, building on the in-depth academic and practical experience
that he has gained in consultancy and research in Europe the CIS, and the Middle East. His consultancy
work has focused primarily on sector policy, and improvements in public services in transition countries.
He currently leads the KBTU affiliation with the Harvard Business School Microeconomics of Competitiveness
(MOC) network and has jointly established the MOC Asian Chapter to build the body of research and
teaching in competitiveness and related development subjects in Central Asia. He is a Visiting Research
Fellow of the Royal Institution in London, and is an investor in high-techn ology companies. Ken is committed
to building high quality business education and research in Kazakhstan and Central Asia, focusing on all
aspects of competitiveness and in developing collaboration with universities and international organisations.
Paul Davis, Ph.D. Professor
Dr. Paul Davis holds a full professorship in Management and is Head of the
Department of Business at KBTU Business School. He has PhD in Organizational
Development (Deakin University; Australia); a PhD in Human Resource
Management (University of New England; Australia) and a Master of Professional
Education and Training with High Distinction (Deakin University; Australia). He
has a distinguished publication record of more than three dozen international
publications in scholarly journals as lead author. Four of these papers have won
awards for excellence.
Paul has worked in the public, private and not-for-profit sectors in senior HR roles
and operates his own consulting business. He has delivered consulting and
executive training in 17 countries on 4 continents. Paul is a Chartered Manager
and Fellow of the Chartered Management Institute (UK) and an Accredited Practitioner with the Australian
Human Resources Institute of Australia.
Gavin Kretzschmar, Ph.D. Professor
Dr. Gavin Lee Kretzschmar. Chartered Accountant. Ph.D in Quantitative Finance

from the University of Edinburgh Bus iness School.A specialist in oil and gas
valuation, structured finance and Banking. 18 years of experience at a Board
level and as a banking executive director in top global Financial
Institutions. Programme Director at Edinburgh University Business School, as
well as holding the PricewaterhouseCoopers Professorship and Chair of
Accounting for Central Asia for 7 years. Tenured Professor in Energy and
Structured Finance at EADA business school Barcelona.
Author of numerous peer reviewed articles in leading Journals, including the
Journal of Banking and Finance, Accounting Forum, Journal of Applied
Corporate Finance as well as in Energy and Energy Economics Journals.
Experienced Executive MBA Professor - training executive teams at Bank of
Scotland, RBS, PetroKazakhstan, Max Petroleum, Kazmunaigas KING (oil services consulting) and
Nazarbayev University. Facilitated international research partnerships with Henley Business School (UK)
and EADA (Barcelona, Spain).
Yuri Loktionov, Ph.D. Professor
Dr. Loktionov is the Vice-Rector for Graduate and International Programs at

Kazakh-British Technical University, where he is spearheading rapid
improvement across areas critical both to the university and the goals of
international projects. He joined KBTU as a dean of Business School in 2013,
and within one year, was promoted to his current position.
Prior to his executive role at KBTU, Dr. Loktionov maintained a strong academic
career at top universities in the United States, where MIT awarded him a doctoral
fellowship, as did the Deloitte foundation. At the same time he also taught highly-
rated classes at the University of Southern California, the University of Verona in
Italy, as well as the Massachusetts Institute of Technology. During this period he
was also frequently asked to speak at international conferences, appearing at
over twenty specialist events across cities such as Singapore, New York, Hong
Kong, London, and Luxembourg. Outside of the classroom, Dr. Loktionov also played an active role in the
MIT Entrepreneurship Competition, a well-regarded event in the American entrepreneurship community.
Dr. Loktionov has also leveraged his research interests in finance, investment, and corporate management
into a history of managing international projects for governments and corporate firms. This includes serving
on the board of directors for the “Seaport Aktau” Free Economic Zone, developing local content policies on
alternative energy for the Supreme Rada of the Ukraine, and the “Smart Region Mangystau” innovation
project presented to the President of Kazakhstan. For smaller innovation-oriented firms such as nano-level
photovoltaics, Dr. Loktionov’s research and company valuation led to large private investments of over
$50mn.
Ewan Simpson, Ph.D. Associate Professor
Ewan Simpson, MA, MSc, PhD is from Scotland. He has PhD in Management
Science from the University of Glasgow, Scotland, 1999. From 1993 to 2004 he
was a research consultant and trainer at Glasgow Business School and carried
out 30+ research projects for small business associations, government
departments and regional developments at Scottish, UK and EU level. His career
has been focused on capacity development for organizations. In 2004 he moved
to Almaty, Kazakhstan and since then has played a key role in development of
human capital supply for business. He led on building one international standard
business school and is working on another at KBTU, with a focus on capacity
development, program improvement and system integration to meet international
standards for business education.
He is currently involved in research and training projects on developing the oil
and gas value chain, entrepreneurship, smart cities, smart agriculture, urban and regional economic
development, work whose uniting focus is enabling gains from technology through human capital
development and vice versa. His MBA and other MS teaching focuses on various aspects of HRM, decision
making, strategic management, organisational behavior and the geopolitics of oil and gas. In the last two
years he has been a trainer for Kazmunaigas KING (oil services consulting), Petronas (Malaysia), Ceylon Oil
Corporation (Sri Lanka) Nazarbayev University and Kazakh National Technical University and has built
research partnerships with Henley Business School (UK), Harvard (USA) and EADA (Barcelona, Spain).
Urmatbek Tynaliev, Ph.D. Associate Professor
Dr. Urmatbek Tynaliev comes from the Kyrgyz Republic. He received both his
Master’s and PhD from the United States. He worked on several international
development and educational reform projects along with teaching at local and
international universities in his home city –Bishkek, and lately at KIMEP. His
recent teaching courses include Statistics for Business and Economics,
Econometrics, Data Analysis and Economic Forecasting and Management
related courses.
His research interests are broad, focusing primarily on organizational and social
issues in post-Soviet and Eastern European countries. He published a few
articles in US/UK based peer-reviewed journals. His current research is related
to entrepreneurship growth in the post-Soviet Central Asian countries.
Particularly, his research looks into differences of entrepreneurship growth in
terms of the necessity and opportunity based entrepreneurships. Also, his related research project is based
on the Enterprise Survey by the World Bank group looking into obstacles to entrepreneurship growth, and
performance measures.
7
He also consulted and conducted research for several local and international agencies including USAID,
UNDP, IMO, and American Chamber of Commerce. Currently he is an Affiliate Fellow of the Affiliate Fellow
of the Center for Economic Research and Graduate Education –Economics Institute, (CERGE-EI)
Foundation, Prague, Czech Republic.
Timur Narbaev, Ph.D., PMP®, Associate Professor
Timur Narbaev, PhD, PMP®, Aff.M.ASCE, is an Associate Professor with the

KBTU Business School and Associate Dean for Development. He has a vast
experience as a trainer and consultant providing expertise in project and risk
management to many industries including energy, construction, IT and
telecommunications, both regionally and globally. Among ongoing contributions
to the region, he runs an initiative project to map the project management
technologies for Kazakhstani education and main industries. He provides
strategic analysis for an oil and gas company KazMunaiGas among others and
advices for the local government on recognition of doctorate level qualifications.
He participates on program improvement for business education, coordinates
ACBSP accreditation works and is a director of KBTU MS Program in Supply
Chain and Project Management.
As a researcher, his interests are in the area of project management and decision science tools applied to
various social, economic, managerial and engineering systems. He is an international advisor of the PM
World Journal to advance the profession of Project Management and reviews for top journals in the field. In
2014, he was nominated and finalist for the IPMA 2014 Young Researcher Award and and recipient of the
Thomson Reuters 2016 Science Leader Award in the nomination the Kazakhstan Highly Cited Young
Researcher for 2008-2015.
Prior to joining KBTU, he worked as a research consultant and trainer at the Politecnico di Torino (Italy),
project manager for the EU initiatives and a construction manager for major building industry. He received
his PhD in Project Management from Politecnico di Torino, Italy (2013). Timur is a certified British Council
trainer, Project Management Professional®, member of the Project Management Institute and the American
Society of Civil Engineers.
Assel Dzhumaseitova, Ph.D. Associate Professor
Assel Jumasseitova is an economist who works at the intersection of

international economics, development economics, and international business.
She joined KBTU in December 2007. She has PhD in economics (2004) and
PhD in management (2014). She had a research fellowship while working on
her doctoral degree in University of Birmingham (UK).
Assel passed Induction Course for Approved Tutors covered Petroleum
Economics and Finance of International Upstream Projects at Herriot-Watt
University (UK). In 2017 she had post doc in Henley Business School,
University of Reading (UK). Some results of her research were presented at
4th Eurasian Research Forum at University of Cambridge (2017), and
at Workshop on WTO Matters for Academics from the CECAC region ,
Geneva Switzerland. She is also author of tutorial book “International
Business” used in leading undergraduate courses.
Almaz Mamyrbaev, CPA, Ph.D. Associate Professor
Almas Mamyrbayev, MSc, PhD in Management is a local faculty member. He

has PhD in Management Science from Kazakh – British Technical University,
2014 and obtained master’s degree in Public Policy and Management from the
Truman School of Public Affairs on a Muskie Fellowship awarded by the
International Research and Exchanges Board (IREX) in 2007, US, Missouri.
This scholarship is available to students from the former Soviet Union and is
awarded based on academic excellence, leadership potential, proficiency in
written and spoken English, and relevant work experience. In 2014,
Mamyrbayev successfully passed qualifying accounting exams and become a
Certified Professional Accountant.
His industry experience includes work for Butya Trade Company, the Ministry of
Finance of the Republic of Kazakhstan and one of the largest industrial
companies of Kazakhstan Eurasian Resources Group.
8
Currently, Almas is involved as a trainer in training project for entrepreneurs “Business Relations” organized
by Kazakhstani National Chamber of Entrepreneurs. The purpose of the project is to support small and
medium business involved in priority sectors of the economy by helping them to establish networks with
foreign partners and organizations.
At KBTU, Mamyrbayev teaches such courses as International Financial Reporting Standards, Taxes and
Taxation, Managerial Accounting, Financial Statement Analysis, Introduction to Accounting, Introduction to
Finance.
Donald Hoskins, CFA, MBA, Assistant Professor
During a career of 20 years on Wall Street in investments and banking,

Professor Hoskins has been the portfolio manager of a top-performing emerging
markets mutual fund, research director of a two-billion-dollar hedge fund, and
co-founder of a private equity fund. Professor Hoskins earned an MBA from
University of Virginia’s Darden School and a AB degree from the University of
California at Berkeley.
His academic experience began at American University, Washington, DC, and
for the past 9 years teaching finance in Kazakhstan; where he was recognized
as a top-20 finalist for The Economist Business Professor of the Year award. A
former consultant to the World Bank and the National Bank of Kazakhstan,
Professor Hoskins continues to be active in the professional investment
community as an investment advisor to several institutional and high net-worth
investors.
Professor Hoskins is one of 68 Chartered Financial Analysts in Kazakhstan, the most prestigious distinction
in the global investment industry, and as Director of KBTU's Masters of Financial Analysis program, KBTU
has become the only Recognized University by the CFA Institute in Central Asia.
Yelzhas Aubakirov, CFA, CFM, CMA, Assistant Professor
Yelzhas is an executive director of KBTU Institute of Engineering and

Information Technologies and an assistant professor with the KBTU Business
School where he teaches finance courses. Before joining KBTU, he worked as
an investment director of Al Falah Investment Management Ltd. (Kazakh
private company located in Almaty with domestic subsidiaries) and as an
associate director of KPMG Tax and Advisory Department.
He teaches Business Valuation, Fixed Income Instruments, Global Financial
Institutions, International Finance
Diana Amirbekova, Ph.D. (ABD), Senior Lecturer
Diana Amirbekova started her career as an academic in KBTU Business School

in January 2015. She has a master degree in Management from KBTU and
currently completing her PhD in Management. Her thesis is focused on studying
knowledge competence in SMEs in Kazakhstan, its impact on performance.
Over the past 4 years she had several research internships in UK (University of
Birmingham, University Campus Suffolk) and participated in international
conferences to present her findings of research on knowledge competence
(Italy, Finland, Thailand). She developed her academic and professional skills
by participating in trainings organized by Sanjari International College UK (June
2014), British Council (October 2015, April 2016), Kozminski University (May
2016).
She is currently involved in research on human capital development and IT
cluster in Kazakhstan. Diana contributed to the university’s partnership development with Kozminski
University (Poland), EADA (Spain). Her undergraduate classes focus on areas of innovation management,
strategic management, entrepreneurship, new product development, HRM.
9
Madina Subalova, Ph.D., Assistant Professor
Madina has a BSc Marketing and Finance from KIMEP University, MSc in
Marketing and PhD Business Management from University of East Anglia. From
2011-2013 she received a teaching experience at University of East Anglia. She
is a member of KBTU Business School family since 2015. Here she leads the
courses of Marketing and Management, Change Management and Social
Media Marketing. Also, Madina currently also is participating in the initiative of
Institute of Engineering and Information Technologies to provide courses for
local entrepreneurs.
Furthermore, Madina is also involved in research of microfinance organizations
and their impact on the formalization process of entrepreneurs. She also is
expanding her research interest into Project Management development in
Kazakhstan in connection with sustainable development.
Egor Pak, Ph.D. (ABD), Senior Lecturer
Egor Pak obtained his MA in Global Political Economy from City University
London, School of Social Sciences, United Kingdom in 2011. Prior to that he
completed MSc in Supply Chain, Trade and Finance with Distinction at Cass
Business School, City University London, United Kingdom. Being a graduate
student he was awarded a full membership in the Chartered Institute of
Purchasing and Supply (MCIPS), United Kingdom. Currently Egor Pak is a
Ph.D. student at Moscow State Institute of International Relations (MGIMO),
Russia doing his research on transport and logistics cooperation in the format
of Eurasian Economic Union (EAEU).
Egor Pak has been working at Kazakh-British Technical University (KBTU) in
the position of Senior Lecturer since 2013. He delivers lectures and tutorials in
Operations Management and Project Management to 3d and 4th-year bachelor
students as well as supervises graduate qualification papers. In 2015 Egor Pak joined Masters Programme
in Supply Chain and Project Management with a Transportation and International Logistics course. Besides,
in spring 2015 he was appointed as a member of the State examination commission and State entrance
commission at KBTU.
Egor Pak is a constant attendant of various international scientific conferences with the results of his
research published in a number of publications, including journals recommended by the High Attestation
Commission of Russia and SCOPUS.
He is currently completing his PhD (ABD) at Moscow State Institute of International Relations (MGIMO,
Russia).
Christian Capone, MBA, Senior Lecturer
Christian Capone, MBA, is from Italy. He has a Master of Business

Administration in Oil and Gas from the Kazakh-British Technical University,
Almaty - Kazakhstan, 2014 and before he studied in “La Sapienza”, Rome, Italy,
1990 in the “Aerospace School” as an aerospace engineer. From 1994 to 2014
he was employed in various Italian companies in ICT area, starting his career
as a software developer and then software engineer, project manager, program
manager and chief technical officer. His career has been focused on improving
process efficiency and cost reduction. In 2014 he moved to Almaty, Kazakhstan
and he founded a company, Think.it, by which he is providing consultancy
services in various local and international companies. He is currently involved in
research and training projects on smart cities, urban and regional economic
development. He teaches currently various management disciplines — as
organizational behavior, project management, supply chain management, operations management, risk
analysis and management — in Kazakh-British Technical University (Almaty) and in Miras International
School (Almaty).
10
PART III – KBTU BUSINESS SCHOOL GRADUATE PROGRAM DESCRIPTION AND CURRICULUM
MBA PROGRAM
Mission
The MBA programs of KBTU Business School are aimed at educating and preparing students for leadership
positions. We encourage global vision and an understanding of transnational culture, and our graduates are
capable of finding both creative and rational solutions to the challenges of doing business in today's complex
interconnected world. Our graduates develop awareness of how to effectively manage businesses of any
size from a start-up to the transnational public corporation and implement strategies that lead their
companies to success
Goals
The overarching goals of the MBA programs are:

 to promote excellence in the study and practice of business administration through the building and
strengthening of analytical, problem-solving, and leadership capacities of its graduates;
 to train leaders who can effectively manage and successfully transform organizations both in
Kazakhstan and internationally; and
 to prepare high-quality decision-makers and business leaders capable of solving contemporary
business problems in a dynamic and competitive global marketplace, in ethically and socially-
responsible manner.
Program Objectives
The objectives of the MBA programs are:

 to provide students with graduate-level knowledge and analytical skills needed to employees in
business, public and non-profit organizations as well as higher education institutions. In particular, it
aims to develop cross-functional knowledge among its graduates in the areas of Accounting,
Finance, Management, Marketing, Information System, Operations Management, Globalization and
Strategy; and specialized knowledge and skills necessary for successful careers in one of the areas
of Oil and Gas, Finance and Leadership.
 to educate graduate students for ethical service to their society and the broader regional and
international community; and
 to provide graduates with a solid foundation knowledge and skills necessary for pursuing higher
studies in areas relevant to business administration.
Common Learning Objectives
The MBA program’s learning objectives are to ensure that graduates have:
 A satisfactory knowledge of:
o the micro-economic business issues and macro-economic business environment;
o quantitative and qualitative techniques of problem solving; and
o the core business disciplines of Accounting, Finance, Marketing, Management, Operations
Management, and Information Systems;
o interdisciplinary nature and challenges of business operations and strategic management of
organizations, in a global context;
o ethics as they apply to business practices;
o Specialization area;
 A solid knowledge and skills and abilities necessary for applications and decision-making in the area
of specialization;
 And the necessary cognitive, inter-personal and self-management skills to:
o undertake supervised independent research, involving the synthesis and application of
theoretical constructs to topics in the fields of business, with a specific focus on Kazakhstan and
Central Asia;
o communicate ideas and information clearly and effectively in written and oral English;
o use information technology for the retrieval, analysis and presentation of information; and
o work effectively with others in the pursuit of common objectives.
Common Intended Learning Outcomes (ILOs)
At the successful completion of the MBA program, graduates will be able to:
 demonstrate a broad based knowledge of the environment and functional areas of business.
Specifically:
o describe micro- and macro-economic perspectives on operation of business organizations, in a
global context;
o define and apply the concepts and theories of managing people and organizations in an
ethically and socially responsible manner;
o identify and apply various systems of accounting practices and tools for effective decision-
making;
o describe and apply various financial tools and techniques for effective investing and financing
decision-making;
o describe and apply the concepts and theories of strategic marketing;
 analyze and solve business problems, using the necessary quantitative and qualitative tools;
 use information technology for the retrieval, analysis, and presentation of information for effective
management of business organizations;
 communicate ideas and information clearly and effectively in written and oral English;
 demonstrate a solid knowledge and set of skills and abilities necessary for applications and
decision-making in the area of specialization;
 undertake supervised research involving application of theoretical constructs related to business
administration in the context of Kazakhstan, Central Asian and the CIS region; and
 synthesize cross-functional knowledge of business administration and apply for strategic
management of organizations, in a global context.
Unique Intended Learning Outcomes (ILOs) – Leadership
 Demonstrate a base knowledge of practical leadership and motivation issues and apply this
knowledge to help understand approaches to leadership and motivation in the context of the
Kazakhstan business environment;
 Demonstrate understanding of principles and theories of the organizational change and apply them
to enhance the performance of organizations;
 Apply concepts of rational choice, identity, appropriateness, history-dependent rules and
inconsistency in preferences or identities that can be used in business decisions-making.
Unique Intended Learning Outcomes (ILOs) – Finance
 Demonstrate knowledge and understanding of risk and return in investment decisions, undertake
valuation of securities and construct optimal portfolio;
 Demonstrate knowledge and understanding of risk and return of financial institutions, analyze their
performance and identify, measure and manage various types of risks encountered by these
institutions;
 Demonstrate knowledge and understanding of risk and return of multinational companies, evaluate
their capital budgeting and financing decisions and identify, measure and manage various types of
currency risks encountered by these companies.
Unique Intended Learning Outcomes (ILOs) – Oil & Gas
 Demonstrate a broad knowledge of the economics and politics of the oil and gas industry and the
key role that the industry has played in shaping the economics and politics of the modern world;
 Apply an inter-disciplinary framework and practical measures for the strategic analysis, critical
estimations and management of oil and gas assets in the oil and gas industry;
 Demonstrate understanding of the key principles, concepts and strategies of project management in
the context of the oil and gas industry.
12
Degree Requirements
Specific course requirements for the MBA program are as follows:
Courses Credits
Core Courses 30
Specialization Courses 12
Internship 2
Research Work (Business Project / Thesis) 4
Final Attestation 4
Comprehensive Exam (1 credit)
Business Project / Thesis Defense (3 credits)
Total 52
Core Courses
Course Credits
Course Title
Code
MGT5200 Introduction to Business Strategy 1
IYa5202 Business Communications 3
BUS5201 Business Economics 3
MGT5201 Organizational Behavior 3
MGT5202 Human Resource Management 3
ACC5201 Financial Reporting and Management Control 4
BUS5202 Business Research Methods 3
MKT5201 Marketing Management 3
FIN5201 Corporate Finance 3
MGT5205 Globalization and Strategic Competitiveness 4
Total 30
Internship, Business Project / Thesis and Comprehensive Exam
An Internship and a Business Project / Thesis related to the specialization is required.
Course Credits
Course Title
Code
PP Internship 2
ЕIR Research Work (Diploma Project) 4
KE Comprehensive Exam 1
ZMD Diploma Project Defense 3
Total 10
Specializations
MBA students will acquire specialized knowledge in the following areas (12 credits):
 Oil and Gas
 Finance
 Leadership
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Program Plan
The following schedule is suggested to ensure that students make orderly progress towards degree completion.
Proposed Schedule for 2017-2018 Academic Year **

Fall 13 credits Summer 13 credits
MGT5200 Introduction to Business Strategy (Sept 4 - 8): Specialization Course (May 17 - Jun 6)
Classes are scheduled on working days (Mon-Fri, 18.45-21.45) Specialization Course (June 7 - 27)
IYa5202 Business Communications (Sept 14 - Oct 28) Specialization Elective (June 28 - July 19)
MGT5201 Organizational Behavior (Sept 18 - Oct 21) MGT5205 Globalization and Strategic Competitiveness
MGT5202 Human Resource Management (Nov 2 - Dec 15) (Jul 21 - Aug 16)
BUS5201 Business Economics (Nov 6 - Dec 9)
Spring 16 credits Fall
MKT5201 Marketing Management (Jan 4 - Feb 21) PP Internship, Report and Defense (Internship)*
ACC5201 Financial Reporting and Management Control ЕIR Research Work (Diploma Project)*
(Jan 8 - Feb 24) KE Final Examination*
FIN5201 Corporate Finance (Feb 28 – Apr 7) ZMD Diploma Project Defense*
BUS5202 Business Research Methods (Mar 1 - Apr 14) * Dates are indicated in Academic Calendar
Specialization Course (Apr 16 - May 8)
**Proposed schedule is subject to changes. At the beginning of every semester graduate students will be provided with
official approved schedule for the semester.
Classes are scheduled on Mondays, Wednesdays, Thursdays (18.45-21.45) and Saturdays (10.00-13.00 and 14.00-17.00).
Details on schedule will be presented in course syllabus.
MBA: OIL AND GAS SPECIALIZATION COURSES
Specialization requires all courses from Group A and

1 course selected from Group B
Group A: Required courses for specialization

OLG5215 Geopolitics of Oil and Gas
OLG5216 Oil and Gas Asset Management
OLG5217 Oil and Gas Project Management
Group B: Recommended Elective course for specialization
OLG5224 Valuation of Oil and Gas Companies
MBA: FINANCE SPECIALIZATION COURSES

1 course selected from Group B

FIN5215 Investments
FIN5216 International Finance
FIN5217 Financial Institutions Management
FIN5224 Valuation of Oil and Gas Companies
14
MBA: LEADERSHIP SPECIALIZATION COURSES

1 course selected from Group A or B

MGT5215 Leadership and Motivation
MGT5216 Decision Making
MGT5217 Change and Innovation Management
MGT5224 Strategic Human Resources Management
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MS IN FINANCIAL ANALYSIS PROGRAM
Mission
The mission of the MS in Financial Analysis program is to train and prepare full-time graduate students for
leading positions in finance and investments. This will be accomplished by relying heavily on the Chartered
Financial Analyst Program curriculum of the CFA Institute. This body of knowledge which is constantly
updated will insure that our MS in Financial Analysis program truly reflects relevant global best-practices. In
addition we will complement this practitioner-oriented curriculum with additional academic scholarly-research
material, an internship and a master’s thesis.
Goals
The goals of the MS in Financial Analysis program are:

 to nurture the highest level of ethics and integrity in our students and to instill an understanding of
the critical importance of ethics for the investment profession;
 to educate leaders who will transform the investment profession in Kazakhstan and the region; and
 to prepare the highest-quality research analysts, valuation experts, securities traders, financial
advisors, portfolio managers, and consultants who will have successful careers due to their world-
class competitive knowledge, skills, and abilities.
Program Objectives
The objectives of the MS in Financial Analysis program are:

 to train our students in the leading areas of economics, quantitative methods, financial reporting and
analysis, and corporate finance;
 to educate our students in a complete range of investment instruments: equity investments, fixed
income, derivatives, and alternative investments;
 to provide graduates with a solid foundation in the skills and knowledge necessary for portfolio
management and wealth planning; and
 to teach the ethical and professional standards of the global investment industry.
Learning Objectives
The MS in Financial Analysis program’s learning objectives are to ensure that graduates have:
 A satisfactory knowledge of:

o Ethical and Professional Standards: Professional Standards of Practice, Ethical Practices;
o Quantitative Methods: Time Value of Money, Probability, Probability Distributions and
Descriptive Statistics, Sampling and Estimation, Hypothesis Testing, Correlation Analysis and
Regression, Time Series Analysis, Simulation Analysis, Technical Analysis;
o Economics: Market Forces of Supply and Demand, The Firm and Industry Organization,
Measuring National Income and Growth, Business Cycles, The Monetary System, Inflation,
International Trade and Capital Flows, Currency Exchange Rates, Monetary and Fiscal Policy,
Economic Growth and Development, Effects of Government Regulation, Impact of Economic
Factors on Investment Markets;
o Financial Reporting and Analysis: Financial Reporting System (with an emphasis on IFRS),
Analysis of Principal Financial Statements, Financial Reporting Quality, Analysis of Inventories
and Long-Lived Assets, Analysis of Taxes, Analysis of Debt, Analysis of Off-Balance-Sheet
Assets and Liabilities, Analysis of Pensions, Stock Compensation, and Other Employee
Benefits, Analysis of Inter-Corporate Investments, Analysis of Business Combinations, Analysis
of Global Operations, Ratio and Financial Analysis;
o Corporate Finance: Corporate Governance, Capital Investment Decisions, Business and
Financial Risk, Capital Structure Decisions, Working Capital Management, Dividend Policy,
Mergers and Acquisitions and Corporate Restructuring:
o Equity Investments: Types of Equity Securities and Their Characteristics, Equity Markets:
Characteristics, Institutions, and Benchmarks, Fundamental Analysis (Sector, Industry,
Company), Valuation of Individual Equity Securities, Equity Market Valuation and Return
Analysis, Closely Held Companies, Equity Portfolio Management Strategies;
o Fixed Income: Types of Fixed-Income Securities and Their Characteristics, Fixed-Income
Markets: Characteristics, Institutions, and Benchmarks, Fixed-Income Valuation (Sector,
Industry, Company) and Return Analysis, Term Structure Determination and Yield Spreads,
Analysis of Interest Rate Risk, Analysis of Credit Risk, Valuing Bonds with Embedded Options,
Structured Products;
o Derivatives: Types of Derivative Instruments and Their Characteristics, Forward Markets and
Valuation of Forward Contracts, Futures Markets and Valuation of Futures Contracts, Options
Markets and Valuation of Option Contracts, Swaps Markets and Valuation of Swap Contracts,
Credit Derivatives Markets and Instruments;
o Alternative Investments: Types of Alternative Investments and Their Characteristics, Real
Estate Valuation, Private Equity/Venture Capital Valuation, Hedge Funds, Distressed
Securities/Bankruptcies, Commodities and Managed Futures, Collectibles, Alternative
Investment Management Strategies;
o Portfolio Management and Wealth Planning: The Investment Policy Statement, Modern
Portfolio Management Concepts, Behavioral Finance, Management of Individual/Family
Investor Portfolios, Management of Institutional Investor Portfolios, Investment Manager
Selection, Economic Analysis and Setting Capital Market Expectations, Tax Efficiency
Strategies, Asset Allocation, Portfolio Construction and Revision, Risk Management, Execution
of Portfolio Decisions (Trading), Performance Evaluation, Presentation of Performance Results.
 And the necessary cognitive, inter-personal and self-management skills to:
o undertake supervised independent research, involving the synthesis and application of
theoretical constructs to topics in the field of investments, with a specific focus on Kazakhstan
and Central Asia;
o communicate ideas and information clearly and effectively in written and oral English;
o use information technology for the retrieval, analysis and presentation of information; and
o work effectively with others in the pursuit of common objectives.
Intended Learning Outcomes (ILOs)
At the successful completion of the MS in Financial Analysis program, graduates will be able to:
 demonstrate a thorough understanding of the professional code of practice and ethical practices in
the investment profession;
 effectively utilize quantitative tools and methodologies in investment research;
 analyze investment opportunities utilizing economic and financial accounting data;
 demonstrate a deep understanding of various investment instruments, i.e. equities, fixed income,
derivatives, and alternative investments;
 construct appropriate and optimal investment portfolios for different investors taking into
consideration investment objectives, time horizon, risk tolerance, and taxes and other special
 considerations;
 use information technology for the retrieval, analysis, and presentation of information for
 effective management of business organizations;
 communicate ideas and information clearly and effectively in written and oral English;
 undertake supervised independent research and practical training, involving application of
theoretical constructs related to finance and particularly investment management in the context of
Kazakhstan and the Central Asian and CIS region; and
 synthesize cross-functional knowledge of the investment process and apply this knowledge to the
practice of financial firms and other businesses in a global context.
Degree Requirements
Specific course requirements for the MBA program are as follows:
Courses Credits
Core Courses 12
Internship 2
Final Attestation 4
Thesis Defense (3 credits)
Total 40
Core Courses
Course Credits
Course Title
Code
IYa5202 Business Communication 3
EPS5392 Ethics and Professional Standards 3
EID5391 Economics for Investment Decisions 3
17
QMF5393 Quantitative Methods in Finance 3
Total 12
Specialization Courses
Course Credits
Course Title
Code
CF5395 Corporate Finance 3
FSA5394 Financial Statement Analysis 3
EAV5396 Equity Analysis and Valuation 3
FII5397 Fixed Income Instruments 3
DAI5398 Derivatives 3
PM5399 Portfolio Management 3
Total 18
Internship, Business Project / Thesis and Comprehensive Exam
An Internship and a Business Project / Thesis related to the specialization is required.
Course Credits
Course Title
Code
PP Internship 3
ЕIR Research Work (Thesis) 4
ZMD Thesis Defense 3
Total 10
Program Plan
Proposed Schedule for 2017-2018 Academic Year*
Fall 11 credits Summer 11 credits
Foundation Program (Sept 7 – Nov 8)

FII5397 Fixed Income Instruments I (June 7 - 27)
Preparation for Exit Exam (Nov 9 - 24)
Exit Exam on Nov 24-26, EPS5392 Ethics and Professional Standards
Results must be submitted by Nov 29 (June 28 - July 18)
PM5399 Portfolio Management II (July 19 - Aug 8)
QMF5393 Quantitative Methods in Finance II
PP Internship
(Nov 30 - Dec 20)
Spring 18 credits Fall

ЕIR Research Work (Thesis)
FSA5394 Financial Statement Analysis II (Jan 11 - 31) KE Final Examination
CF5395 Corporate Finance II (Feb 1 - 21) ZMD Thesis Defense
IYa5202 Business Communications (Feb 22 - Mar 14)
DAI5398 Derivatives II (Mar 15 - Apr 9)
EID5391 Economics for Investment Decisions II (Apr 12 -
May 2)
EAV5396 Equity Analysis and Valuation II (May 8 - 26)
*Proposed schedule is subject to changes. At the beginning of every semester graduate students will be provided with
18
MS IN SUPPLY CHAIN AND PROJECT MANAGEMENT
Field Rationale
Globally, Project Management has become one of the fastest growing professions. It is estimated that nearly
third of global economic activities (and about a half in Kazakhstan) takes place as projects. This trend is evolving
also due to the fact that most organizations are now adapting Project Management approaches in meeting their
strategic objectives.
Supply Chain Management focuses on how to manage value-added flow of materials, goods and services with
information flow among multiple players. Worldwide, more than 90 percent of people are involved in such a
business chain.
Given these, organizations are becoming increasingly aware of the strategic importance of effective supply chain
and project management for gaining a competitive advantage in the market. Modern Supply Chain Management
emphasizes on a coordination of interconnected activities to provide products and services while Project
Management helps to achieve strategic goals of organizations in such globalized competitive environment.
Program Specializations
The program offers two specializations: Project Management and Supply Chain Management. Both
specializations weight equal in terms of degree requirements. They differ in specific courses offered unique to a
domain of either project management or supply chain management.
Refer to unique Indented Learning Outcomes of the program, degree requirements and courses descriptions for
more details on the two specializations.
Prospective applicants must select one of the two specializations when applying to the program.
Mission
The mission of the Master of Science (MS) in Supply Chain & Project Management program is to provide
students with best practices, knowledge and skills necessary for their successful career in supply chain and
project management business domains. This is achieved through a blend of practical and academic multi-
disciplinary approaches to learning.
Goals
To serve its mission, the overall goals of MS in Supply Chain & Project Management program are:
 to prepare professionals who can effectively manage supply chains and projects to increase business
performance of organizations in Kazakhstan and the region;
 to nurture in our students the highest level of integrity and ethics and an understanding of their critical
importance for their professional domains.
Objectives
To achieve its goals, MS in Supply Chain & Project Management program seeks accomplishing the following
focused objectives:
 Knowledge: Equip students with fundamental concepts, theories, principles, and best practices of Supply
Chain and Project Management fields and professions necessary to increase performance of businesses
operations in a changing environment.
 Solving & Thinking: Develop critical and analytical problem solving and transferrable skills for effective
decision making and dealing with increasing uncertainty in complex business chains and projects.
 Path Breaking & Implementation: Develop path breaking and implementation process skills which are
based on inter-disciplinary and issue-based learning for their effective application in students’
professional domain
 Integration & Environment: Nurture in our students the core competencies, ethics, social and
professional responsibilities for successful managing of teams, changes, risks, cultural diversity,
communication, cooperation and for effective interaction with stakeholders in their professional domains.
Common and Unique Intended Learning Outcomes (ILOs)
At the successful completion of MS in Supply Chain & Project Management program, graduates will be able to
demonstrate:
 Common ILOs:
o Proficiency in core principles, techniques and culture of modern project management approached in
a chronological order of a project life cycle;
o Proficiency in core principles, basic techniques, and culture of modern supply chain management
and business operations with their importance for effective management of organizations
o Proficiency in analysis of business environment and issues, using quantitative and qualitative tools
as well as information technology, necessary for effective management of projects and
organizations;
o Undertaking of supervised consultancy and research, involving the synthesis and application of
theoretical constructs to topics in the field of student’s professional domain, with a specific focus on
Kazakhstan and Central Asia;
o Thorough understanding of ethics and professional responsibility and business communication tools
required for student’s professional career.
 Unique ILOs (Specialization – Project Management):
o Advanced knowledge in utilizing project management tools and techniques especially for scope
development, schedule and cost estimation and control, risk and quality management, and
contracting;
o Knowledge of strategic planning and finance concepts and how it relates to and overarches the
management of projects;
o Advanced knowledge of project management process groups and knowledge areas as defined by
the Project Management Institute, also necessary for seating for PMI’s certification exams.
 Unique ILOs (Specialization – Supply Chain Management):
o Advanced knowledge in utilizing tools and techniques necessary for sourcing, strategic selection
and purchasing of goods and services important to an organization;
o Knowledge of strategic planning and finance concepts and how it relates to management of supply
chains;
o Advanced knowledge of transportation and international logistics in international trade and global
economy by applying various modes of transport given their geographic perspectives, stressing
regional specificities of key logistics complexes.
Degree Requirements
Specific course requirements for the MS in Supply Chain & Project Management program are as follows:
Courses Credits
Core Courses 18
Internship consultancy course 4
Final Attestation 4
Thesis Defense (3 credits)
Total 42
Core Courses
Course Credits
Course Title
Code
IYa5202 Business Communications 3
BUS5202 Business Research Methods 3
PM5400 Project Management 3
SC5400 Supply Chains & Operations Management 3
PM5401 Business Analysis & Planning 3
MI5400 Management Information Systems 3
Total 18
Specialization Courses
Course Credits
Course Title
Code
Specialization – Project Management 12
PM5402 Project Planning & Control 4
20
PM5403 Strategic Project Management & Finance 4
Professional Body of Knowledge (adjusted to PMP® 4
PM5404
certification exam)
Specialization – Supply Chain Management 12
SC5401 Procurement & Purchasing 4
SC5402 Supply Chain Strategy & Finance 4
SC5403 Transportation & International Logistics 4
Internship, Research Work, and Comprehensive State Exam
Course Credits
Course Title
Code
PP Internship consultancy course 4
ЕIR Research Project course 4
ZMD Thesis Writing and Defense 3
Total 12
Program Plan
Proposed Schedule for 2017-2018 Academic Year *
Fall 12 credits Summer - Fall 12 credits
SC5400 Supply Chains & Operations Management (Sept 7 – Oct 7) PP Internship consultancy course
IYa5202 Business Communications (Sept 14 – Oct 28) CP Research project course
PM5400 Project Management (Nov 2 – 22) KE Comprehensive exam
MI5400 Management Information Systems (Nov 30 – Dec 22) ZMD Thesis writing & defense
Spring 18 credits
PM5401 Business Analysis & Planning (Jan 11 – 31)

Specialization Course #1 (Feb 1 – 28)
BUS5202 Business Research Methods (Mar 1 – Apr 14)
Specialization Course #2 (Apr 26 – May 23)
Specialization Course #3 (May 31 – June 27)
*Proposed schedule is subject to changes. At the beginning of every semester graduate students will be provided with
21
PART IV COURSE DESCRIPTIONS
MBA PROGRAM
Required Courses
MGT5200 Introduction to Business Strategy

Prerequisites: MBA Standing
This introductory course at the beginning of the MBA program seeks to provide a strategic framework for the
component program courses. Students will be presented with various typical frameworks for strategy and given
an overview of analytical methods. The course will particularly focus on the linkages between strategic planning
and the core business disciplines of research analytics, communication, organizational behavior and design,
finance and accounting, marketing, human resource management and leadership.
IYa5202 Business Communications

The course focuses on business communication skills in organizations; particularly writing concise and error-free
business documents, interpersonal communication, small-group communication, and presentational speaking in
a business context. These skills are almost universally identified as values critical to success in management.
Issues considered include coherence, clarity, style, tone, empathy, and other basic elements in communication
success. The course also develops understanding of communication theories, describes strategies for planning
managerial communications and looks at how new technologies are changing the way people in business
communicate, and the implications those changes have for organizations.
BUS5201 Business Economics

Economics is about the ordinary business of life and it is also the basis for many courses in Business. It also
contains much of the conceptual material necessary for an intelligent understanding of business life. The
approach in this course to the teaching of economic principles is to try to ensure that students acquire the
necessary conceptual apparatus in a way that is both challenging and interesting. We will ensure that the
material is presented in a lively, interesting and relevant fashion. We will constantly use current real world
examples to illustrate the application of concepts.
MGT5201Organizational Behavior
The purpose of the course is to introduce the key discipline of Organizational Behavior and acquaint students
with the principles of OB on a global level. To that end it covers the academic study of human and organizational
behavior but is also about the development of effective, pragmatic, yet innovative solutions – to maximize
people’s productivity, efficiency and effectiveness. The course will help students to: understand the ways in
which organizations operate; identify how individuals can contribute to shape organizational success and how
individuals are shaped by the organizational environment; assess how groups and teams contribute to
organizational development, through collaborative work and flexibility to promote innovative thinking and
decision making and understand the essence of successful organizational design and management processes
which change organizational leaders use to successfully leverage their assets.
MGT5202 Human Resource Management

The role of effective management of human resources has become, more, rather than less important. This
course will assess how to successfully manage the only sustainable competitive advantage organizations have -
their human resources. The course covers issues such as the link between organizational theory and human
resources; the legal and regulatory environment; job analysis, design and staffing; training, development and
talent management; performance appraisal and employee compensation systems; international best practice
and current global trends in human resource management.
ACC5201 Financial Reporting and Management Control

This course provides MBA students with an overview of different issues related to financial accounting and
management control systems. It is designed to consolidate students’ understanding of accounting standards and
students’ ability to utilize aspects of accounting theory to resolve major reporting issues. Through the
development of a solid understanding the importance, language and techniques of accounting, students achieve
important skills for preparation and analysis of financial statements for better management planning, decision
making and control.
BUS5202 Business Research Methods

In the first part of the research methods program, the course will address 2 types of research. Qualitative
methods such as questionnaires, probabilistic tools, quantitative techniques, and regression modeling (time
dependent) will be covered. Classes are important in that these methods will be specifically tailored to help
structure the theses and diploma projects of students.
As noted above, Students will learn what qualitative research is; what approaches and frameworks can be used
to guide qualitative research. Additionally, students will learn how quantitative research methods can be used to
collect data; manual and computer-assisted data management and analysis. Students will learn how to write up
qualitative AND Quantitative research theses - and the various tests that can be applied to qualitative research
studies to assess their data and contribution validity.
Bloomberg data and terminal familiarity is an essential part of this course for qualitative AND quantitative data
collection. There is loads of information of both types. Online students will ‘pair-up’ to work with onsite students
to achieve this objective of the course and will be allocated by Professor Kretzschmar.
MKT5201 Marketing Management

Marketing is one of the fundamental disciplines for professional involved in the development of markets and the
sale of all types of products: executives, general managers, production managers, and administrative staff at all
events. The purpose of the course is to introduce students to the latest developments in Marketing Management,
as well as provide them with an insight into the role of marketing in the strategic development of organizations.
Students are required to understand the concepts in marketing which extend beyond the relatively
straightforward decisions related to packaging and advertising, to the complex and detailed planning of
marketing strategies and use of interconnected and interrelated marketing tools, which evolve constantly under
the global environment pressure and the life cycle of the product.
FIN5201 Corporate Finance

Prerequisites: ACC5201 Financial Reporting and Management Control
The course examines in detail investment and financing decisions, and their interrelatedness. The overall goal is
to obtain a comprehensive and in-depth perspective of the area of Financial Management. Major topics include
financial analysis and planning, valuation, capital budgeting, capital structure, dividend policy, and risk
management. Special emphasis is given on integration of the concepts of financial management into a total
system approach to business decision-making.
MGT5205 Globalization and Strategic Competitiveness

Prerequisites: All required core courses
This course is intended to provide MBA students with their first exposure to strategic thinking, and to provide
them with a detailed overview of the concepts of strategic options for a firm, and overall competitiveness. The
term “competitiveness” is to be determined at the “national” level, the “regional” level and the “cluster” level,
accepting that firm is unlikely to be able to operate outside of its national and regional environment, and the state
of development of the cluster of associated firms within a particular sector. This course will provide students with
an overview of strategy and competitiveness, which the students can then incorporate into their diplomas.
O&G Courses
OLG5215 Geopolitics of Oil and Gas

Prerequisites: BUS5201 Business Economics
The purpose of the course is to give students an overview of the economics and politics of the oil and gas
industry and to illustrate the key role that the industry has played in shaping the economics and politics of the
modern world. The course draws on current and historical examples from Kazakhstan and elsewhere to
demonstrate these factors.
Historical perspective is critical to give managers strategic context and a competitive advantage since memories
tend to be short in the industry. The focus is on
 the early development of the industry
 the role of the Caspian in the globalization of the industry
23
 the Middle East as the most graphic example of the interplay of economics and politics
 the role of oil and gas in the economic development of Kazakhstan and Russia 1992-2017
 the challenge of climate change to the medium term future of the industry.
OLG5216 Oil and Gas Asset Management

Prerequisites: OLG5215 Geopolitics of Oil and Gas
The main aim of the course is to equip the students with an understanding of oil and gas assets management
that can help student to be informed and understand the complex international oil and gas industry code of
practice. The main objective of the course is to provide an inter-disciplinary framework and practical skills for the
strategic analysis, critical estimations and management of oil and gas assets in the oil and gas industry. The
students will be responsible for the decision making in purchasing, selling, developing of the multibillion worth
assets that require wide set of skills provided in this course. Students will know principles of how to analyze,
monitor and control complex operations in order to obtain the maximum possible economic recovery from
petroleum assets. This will promote better resource management practices by enhancing hydrocarbon recovery
and maximizing profitability. Students will learn how to manage and make decisions on the technological and
economic optimization of oil and gas recovery that will enhance the value of the petroleum assets and benefit the
company.
OLG5217 Oil and Gas Project Management

Prerequisites: OLG5215 Geopolitics of Oil and Gas
Global organizations are adapting project management (PM) technologies for successful transformation of their
businesses to make them more efficient and sustainable. This is a course intended to provide guidance in-depth
for successful management of projects covering technical, behavioral, and strategic aspects of modern PM. This
course will introduce students to the project management and it will give to them a basic knowledge on the key
constituents of the project management activity with a strong focus on practical implementation of tools,
techniques and best practices. A special focus will be given on the application PM techniques on oil & gas
cluster.
OLG5224 Valuation of Oil and Gas Companies

Prerequisites: FIN5201 Corporate Finance
Aimed at bankers, corporate financiers and MBAs. This valuation course concentrates on exactly the knowledge
necessary to perform risk adjusted valuation in Kazakhstan markets. The course prepares students to become
competent managers or bankers; skilled operatives who can meaningfully contribute to corporate financing
decisions. Students will learn to differentiate investments in projects and companies. There will be an emphasis
on valuing natural resource assets, unlisted companies, as well as learning how to optimise asset value.
Finance Courses
FIN5215 Investments
This course presents new challenges in a dynamically changing financial system and deals with the exploration
of investment opportunities for the investors. We will examine the foundations of modern portfolio theory, asset
pricing models, the trading of securities and a framework for investment analysis of various financial instruments.
The course begins with an introduction to modern portfolio theory and then turns to asset valuation based on the
capital asset pricing model and arbitrage pricing theory. The two subsequent areas of study are valuation and
analysis of fixed income instruments. Important issues of ethics will be explored in the context creating
transparency and equity, necessary conditions in establishing critical investor confidence. Overall this course
represents the minimal financial theory and necessary practical tools with which an MBA student majoring in
finance should be able to make meaningful investment decisions.
FIN5216 International Finance

International Finance is an advanced finance course, designed for students who are already familiar with the
basic concepts of Financial Management. As such, the overall goal of this course is to broaden your current
understandings of Financial Management – in an international environment. This will be achieved through
comprehensive coverage of topics from the area of international financial systems (markets and institutions),
International Financial Management and International Investment Management.
24
The major topics will include international financial environment, foreign exchange markets including currency
futures, forwards, options and swaps, international parity relationships, foreign exchange forecasting and risk
management, international financing and investing decisions, international working capital and tax management,
multinational capital budgeting, and international portfolio diversification.
FIN5217 Financial Institutions Management

Financial Institutions Management course focuses on the financial management and regulation of various
financial institutions, emphasizing the commercial banking sector. The course starts with the overview of the
central bank role as a financial regulator. The course then examines various risks inherent in functions of
different financial institutions and modern approaches risk management techniques related to these risks.
FIN5224 Valuation of Oil and Gas Companies

Aimed at bankers, corporate financiers and MBAs. This valuation course concentrates on exactly the knowledge
necessary to perform risk adjusted valuation in Kazakhstan markets. The course prepares students to become
competent managers or bankers; skilled operatives who can meaningfully contribute to corporate financing
decisions. Students will learn to differentiate investments in projects and companies. There will be an emphasis
on valuing natural resource assets, unlisted companies, as well as learning how to optimise asset value.
Leadership Courses
MGT5215 Leadership and Motivation

Prerequisites: MGT5201Organizational Behavior and MGT5202 Human Resource Management
This course explores the theory and practice of leadership and motivation, applying a case analysis approach
and drawing on examples from leading global organizations. Core modules include: Individuals as Leaders;
Team Leadership; women and leadership and Organizational Leadership. In examining leadership this course
surveys the role of the leader in times of change and crisis, in driving culture and diversity and in influencing and
coaching others.
The course will look at the evolution of leadership ideas and the theories about “what makes a great leader”. It
also examine the role of the modern, international leader who must lead people in different countries with
different cultures. Modern leadership paradigms such as Authentic Leadership and Transformational Leadership
are included. These topics ensure that this course reflects contemporary issues and trends in leadership study.
MGT5216 Decision Making

This course explores the basic theory and practice of decision making, drawing on global best practice and the
insights of world class decision making researchers. The focus is on developing basic practical insights into
three issues:
 Theories of decision making;
 The practice of decision making;
 The key role of human factors in decision making.
This focus will be delivered by a combination of introduction of theories and concepts, self assessment, case
analysis and discussion, with an emphasis on discussion and conversation using practical examples from
everyday life as well as business to illustrate the core basic concepts of decision making processes. The
purpose of the course is to simplify the complexities of the decision process and give students a grounding in
how to better understand the multitude of factors involved in making effective decisions in the real world.
MGT5217 Change Management

This course explores the theory and practice of change management, applying a case analysis approach and
drawing on examples from leading global organizations. Core modules include: Employee resistance to change;
Organizational Development; Employee Involvement; Steps in change processes. In examining change this
course surveys the role of the change agent in times of change and crisis, in driving culture transformation and
leading the organization through change to successful outcomes..
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MGT5224 Strategic Human Resources Management
In a world where change is so rapid and product and process-based competitive advantage is increasingly short
term driven by technological change, the role of effective management of human resources has become, more,
rather than less important. This course will assess how to develop business strategy based on the only
sustainable competitive advantage organizations have -their human resources. Rather than an add-on,
secondary or operational consideration, human resources are placed at the centre of effective strategy
development and implementation.
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MS IN FINANCIAL ANALYSIS (MSF) PROGRAM
IYa 5202 Business Communication

Prerequisites: MSF standing
The course focuses on business communication skills in organizations; particularly writing concise and error-free
business documents, interpersonal communication, small-group communication, and presentational speaking in
a business context. These skills are almost universally identified as values critical to success in management.
Issues considered include coherence, clarity, style, tone, empathy, and other basic elements in communication
success. The course also develops understanding of communication theories, describes strategies for planning
managerial communications and looks at how new technologies are changing the way people in business
communicate, and the implications those changes have for organizations.
EID5391 Economics for Investment Decisions

Economics is a social science that deals with the allocation of resources within and across firms, households,
and other decision-making units. It also deals with the functional and personal distribution of income. As such, it
covers the operation and organization of firms and industries, the determination of prices for factors and
products, as well as the determinants of economic growth and development. It analyzes production,
consumption, investment, employment, international trade, and government interventions including fiscal,
monetary, and trade policies. Thus, both micro- and macro- economic analyses are essential in the decision
making of businesses, households and governments. This course covers in-depth aspects of international trade
and finance, economic growth implications in business decision making, as well as impacts of the government
regulation of the economy.
QMF5393 Quantitative Methods in Finance

This course builds upon the foundation course on Quantitative Methods. It covers widely used statistical tools
and techniques in financial modeling. The emphasis of the course is on the application of these models in
investment analysis, forecasting and management. Specifically, discussions include assumptions underlying
various models, building and interpreting models, testing the significance of the estimated parameters and
determining the validity of the assumed models in order to avoid misspecifications. Following the CFA Level I & II
curricula, the following specific topics are emphasized: Technical Analysis, Correlation and Regression, Multiple
Regression and Issues in Regression Analysis, Time-Series Analysis, Probabilistic Approaches: Scenario
Analysis, Decision Trees and Simulations.
FSA5394 Financial Statement Analysis

This is an advanced financial analysis course that covers the following major parts:
Markets: This Financial statement course is designed to help investment professionals and students effectively
evaluate financial statements in the context of today's international and volatile markets.
Operational analysis: This course is an invaluable guide to corporate analysis amid an uncertain global
economic climate. We will cover the mechanics of the accounting process; the foundation for financial
statements; the differences and similarities in income statements, balance sheets, and cash flow statements.
Financial and Capital markets: We will also close with the financial statement implications for securities valuation
of any financial statement element or transaction, and show how different analysis techniques can provide
valuable clues into a company's operations and risk characteristics.
CF5395 Corporate Finance

This is an advance financial management course, combining theory and applications in the corporate finance
decision-making process. In conjunction with Corporate Finance I (a prerequisite course) this course content
covers two major tracks in corporate finance: (1) investment and financing decisions (capital budgeting, capital
structure and dividend policy) and (2) organizational and ownership issues (corporate governance and corporate
restructuring). Following the CFA Level 1 and 2 curriculum, the following specific topics are emphasized: Cost of
Capital, Capital Structure, Measures of Leverage, Dividends and Share, Repurchases, and Mergers and
Acquisitions
EPS5392 Ethics and Professional Standards
Prerequisites: IYa 5202 Business Communication
The course is based on ICFA Ethics curriculum for level 2. The principles and guidance presented in the CFA
Institute Standards of Practice Handbook (Handbook) form the basis for the CFA Institute self-regulatory
program to maintain the highest professional standards among investment practitioners.
The course links basic financial concepts (such as Agency Theory and Asymmetric information) to a conduct of
financial market participants in a day to day decision making process.
The course sets clear ethical guidelines with respect to how a financial manager should behave under wide
range of various circumstances to adhere to highest professional standards.
The course emphasizes analysts professional standards in the investment research process.
EAV5396 Equity Analysis and Valuation

Prerequisites: QMF5393 Quantitative Methods in Finance, FSA5394 Financial Statement Analysis
The course explores asset, debt and equity valuation in a way that uses CFA principles, but which is also
strongly applied to recognize the limitations of equity market metrics in Kazakhstan. The course explains
important characteristics of the markets in which equities, fixed income instruments, derivatives, and alternative
investments trade. It introduces and explains principles and techniques in equity securities analysis, especially
fundamental asset valuation, various valuation models and highlight their strengths and weaknesses. We will
also perform a valuation of oil and gas unconventional assets, private companies and many other traditionally
valued assets.
FII5397 Fixed Income Instruments

Prerequisites: EAV5396 Equity Analysis and Valuation
The course introduces elements that define and characterize fixed income securities. It investigates fixed-income
instruments, such as bonds and treasury securities. It introduces calculation and interpretation of prices, yields,
and spreads for fixed income securities; market conventions for price/yield calculations and quotations; spot
rates, forward rates, and alternative definitions of a yield curve. Also the course focuses on securitization and
describes types, characteristics, and risks of asset-backed securities and focuses on the analysis of risks
associated with fixed-income securities; emphasis is on interest rate, market and credit risks.
DAI5398 Derivatives
Prerequisites: QMF5393 Quantitative Methods in Finance
The course explores markets and investments in traditional derivatives (forwards, futures, options), as well as,
credit and embedded derivatives and alternative instruments (real estate, private equity, venture capital and
commodities). It is designed as an intermediate level course and is intended to build a solid basis for further
studies in derivatives and alternative investments. The focus of the course is on factors and attributes that are
critical for pricing, valuation and risk assessment of these instruments– with the ultimate goal of making sound
hedging and investment decisions.
PM5399 Portfolio Management

Prerequisites: QMF5393 Quantitative Methods in Finance, EAV5396 Equity Analysis and Valuation, DAI5398
Derivatives and Alternative Investments
Portfolio Management II builds on the introductory course PM I by deepening students understanding of portfolio
risk and return dynamics in order for the student to be able to construct actual portfolios that meet clients’
objectives, constraints and preferences. The course will cover techniques to mitigate and quantify various
aspects of risk while attempting to maximize potential returns of a portfolio of investments.
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MS IN SUPPLY CHAIN & PROJECT MANAGEMENT
Core Courses
SC5401 Supply Chain & Operations Management

Prerequisites: SC&PM Standing
The material and information flows are the object of study of the course Supply Chain Management. it provides
students with tools to help them succeed in controlling and managing supply chain of their business, through
evaluating different business cases both in individual and in-group tasks, undertaking development and
presentation of the final case (project), and hence developing their skills in decision-making in managing supply
chain operations. The course consists of the following sections: Integrated logistics, customer service,
information system and demand forecasting, inventory management, transport management, warehouse
inventory management, and organization and administration logistics.
IYa5202 Business Communications

The course focuses on an intensive training of soft skills critical to modern management, business, and effective
organizations. It is an applied course, and designed with students’ functional improvement in mind. This class
focuses on key communication skills and lays a foundation for students’ development. The main topics covered
in this course include public speaking (presentations), business writing, negotiations, networking, and the
process of influence. In this course, there is an emphasis on practice activity, including role-plays, real-life
examples, and student presentations. The course also develops understanding of communication theories,
describes strategies for planning managerial communications and looks at how new technologies are changing
the way people in business communicate, and the implications those changes have for organizations. The skills
that will be taught cover communications as applied to many different business functions, ranging from
networking to job interviews.
PM5400 Project Management

This course provides an integrated overview of Project Management (PM) covering all of the fundamental
aspects of modern PM, technical, behavioral, and strategic. It forms the basis for most of the courses in this MS
program. The course addresses core principles, techniques, and culture of modern PM in a chronological order
of a project life cycle, from project selection and initiation, planning, execution, and control, to project closure.
Project management knowledge areas (like scope, cost, time, risk management) as well as project environment
(like strategy, portfolio and programs, staffing a project) are introduced which make up a PM field. The theories
are enhanced and clarified with cases studies from various industries. The course aims also at examining the
broad project environment linking PM to operations management and organizational strategy.
MI5400 Management Information Systems

The course will cover supporting tech infrastructures (Cloud, Databases, Big Data), the MIS development/
procurement process, and the main integrated systems, ERPs, such as SAP®, Oracle® or Microsoft Dynamics
Navision®, as well as their relationship with Business Process Redesign. Management Information Systems
(MIS) are an integral part of today’s professional landscape. From customer relationship management (CRM)
systems handling the day to day interactions with clients and prospects, to financial systems issuing invoices
and paying bills, day to day working life is increasingly controlled by these systems that dictate what to do and
how.
SC5401 Business Analysis & Planning

This course focuses on planning for effective business analysis, including information on identifying and
analyzing stakeholders, understanding the relationship between business analysis and project management,
creating and adding details to business analysis plans, and earning approval for plans. Business analysis &
planning is increasingly vital to today's business environment. By identifying problems and opportunities,
discovering and recommending solutions, and fostering a comprehensive understanding of stakeholder
requirements, business analysts can help organizations choose and structure projects and initiatives more
effectively.
BUS5202 Business Research Methods
In the first part of the research methods program, the course will address 2 types of research. Qualitative
methods such as questionnaires, probabilistic tools, quantitative techniques, and regression modeling (time
dependent) will be covered. Classes are important in that these methods will be specifically tailored to help
structure the theses and diploma projects of students.
As noted above, Students will learn what qualitative research is; what approaches and frameworks can be used
to guide qualitative research. Additionally, students will learn how quantitative research methods can be used to
collect data; manual and computer-assisted data management and analysis. Students will learn how to write up
qualitative and Quantitative research theses - and the various tests that can be applied to qualitative research
studies to assess their data and contribution validity.
Bloomberg data and terminal familiarity is an essential part of this course for qualitative and quantitative data
collection. There is loads of information of both types. Online students will ‘pair-up’ to work with onsite students
to achieve this objective of the course.
Specialization Courses – Project Management
PM5402 Project Planning & Control

Building on fundamental knowledge in Project Management, this class provides participants with advanced
scheduling, monitoring and contracting theory and practice. This is done via presenting techniques, tools and
field case studies/applications. In-class practical activities are also part of the educational activities.
Also, the course is aimed at preparing a bid proposal to deliver and supply an industrial facility (including
buildings, civil works, utilities and production lines). The proposal is composed of a set of both graphical and
descriptive documents according to the specifications provided in a Request for Proposals (RFP). The work is
performed in teams who intend to simulate a professional real-life situation: each team pretends to be a vendor
to participate in the bidding. The course instructor and invited industry professional will form a bidding committee
who represent the project client and requested the bid. The client expects to award the project contract to the
best valued vendor whose proposal is responsive and the most advantageous to the client. Part of the work will
be performed using MS Project®. The main objective of the course is to enable students to apply learning
outcomes acquired in previous courses in the program.
PM5403 Strategic Project Management & Finance

During the past two decades, Project finance has emerged as an important instrument for financing large-scale,
high-risk, capital intensive projects. The course provides a comprehensive overview of Project finance and its
advantageous circumstances to deliver projects through the establishment of a Special purpose vehicle
organization. It discusses what is special about large projects, the role of financial institutions in getting large
projects financed, identification and allocation of project risks, economic rewards in contractual arrangements,
selecting a legal structure of Project financing, financial plan, discounted cash flow, real options, capital
budgeting, source of financing. The course discusses case studies of some prominent projects to show how the
course concepts have been put into practice.
PM5404 Professional Body of Knowledge

The course introduces and reviews some prominent professional standards by PMI and IPMA used today by
organizations worldwide to manage programs, portfolios, and projects. Bets practice Project Management
maturity models are reviewed that can readily be applied to assess and benchmark an organization’s capability
in managing and delivering projects. This practical course provides a comprehensive overview of Project
Management Body of Knowledge (PMBoK, PMI). It addresses all PMBoK Process groups and Knowledge areas
in detail by examining concepts, methods, tools, ethics and professional responsibility required for project
managers to seat for a PMI certification exam.
Specialization Courses – Supply Chain Management
SC5401 Procurement & Purchasing

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Procurement describes the process of buying: learning of the need, locating and selecting a supplier, negotiating
price and other pertinent terms, and following up to ensure delivery. In addition, it includes stores, traffic,
receiving, incoming inspection, and salvage of goods.
PM5402 Supply Chain Strategy & Finance

The overall aim of the course is to give participants comprehensive knowledge on the strategic management of
operations and supply chains in different types of industrial and technology based firms. After passing the course
successfully, the student shall be able to analyze industrial systems as well as participate in, improve and lead
change efforts in their respective technological areas.
Supply chain finance can be an elusive concept. It mainly refers to tools, techniques, and products that assist
businesses with optimizing cash flow by managing payments to suppliers and receipts from customers. With a
good strategy and processes to back it up, supply chain finance can go from an abstract concept to a concrete
business practice.
SC5403 Transportation & International Logistics

Nowadays logistics and its functional area of transport turn out to be the key drivers of globalization and
facilitators of international trade and sustainable economic development. The major aim of the course is to
convey to both advanced students and practitioners of logistics and supply chain management the diverse
operational and strategic content of the subject and adjoint disciplines. It is designed in a way to explain how the
international transport and international logistics market are organized and to answer some practical questions
on how they work. Thus, the course has endeavored to reflect these characteristics by adopting a truly global
perspective with precise attention paid to the existing and that in progress transportation routes, transport modes,
hubs, networks and related policies.
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PART V – ACADEMIC POLICIES AND PROCEDURES
ADMISSION PROCESS
GENERAL PROVISION
KBTU Business School is committed to a policy of equal opportunity for admission to all qualified individuals. It
does not discriminate any individual or group on the basis of race, ethnicity, nationality, religion, gender, social or
sexual orientation, creed, marital status, physical disabilities, remote area location, age or any other subjective
criteria.
KBTU Business School seeks to enroll outstanding students who have demonstrated the potential to succeed
through the leadership and talent as well as have shown evidence of their capability to contribute to the
community.
The university has created clear and transparent procedures for applying and accepting individuals with diverse
academic history and academic needs: Kazakhstani and international applicants, non-degree students for short
and long-term study terms (exchange students visiting, continuous non-degree students, etc.).
APPLICATION PROCESS
To be considered for admission to KBTU Business School Graduate programs, all individuals must have an
undergraduate degree and will need to file with the Admission Office the application form and required
supplements according deadlines set by university.
Submission of the incomplete package of documents results in delay or reject in consideration and, therefore, in
rejection to participate in KBTU Business School entrance examinations, as well as in rejection for admission to
the program.
Any cases of fake or knowingly false documents will be transmitted to the law enforcement bodies in accordance
with the legislation of the Republic of Kazakhstan.
There are four steps prior to admission stage. Applicants have extensive support through the Admission Offices
and KBTU Business School Administration.
Step 1: Preparing application documents
Required documents to KBTU Business School:

• Notarized copy of Higher Education Diploma (the original of the Diploma and Transcript);
• Resume;
• Recommendation letter;
• Motivation letter;
• 6 photos 3×4;
• Identification Document (copy and original);
• Medical Reference №086-У;
• Copy of the Work Record Book or other document proof of employment history;
• Notarized copy of IELTS (6.0 or more) or receipt for Foreign Language test payment (for
Kazakhstani citizens only). This test is organized by the Ministry of Education and Science and usually is
scheduled on Aug 10-15.
Specific requirements
a) Nostrification. To gain access to educational activity in the Republic of Kazakhstan, all applicants, who
received education abroad or in branches of foreign educational institutions in Kazakhstan, are obliged
to pass procedure of nostrification and/or verification of foreign educational documents. It includes both
a) foreign students with foreign education credentials and b) local students with foreign education
credentials (Article 39 of the Law on Education of the Republic of Kazakhstan of 27 July 2007)
b) Medical. Valid medical certificate (form № 086-У), copy of Vaccination certificate (form № 063) and a
chest X-ray are obligatory documents for all new degree students.
Step 2: Filling out application form
Each application form has introductory explanations of information and data required to fill out or attach. In
general application forms have a number of sections related to personal information, academic background,
experience and achievements as well as information on need in financial aid and housing.
Step 3: Submitting the application package
Once the application form filled and required documents are ready, the package is to be submitted to Admission
Office.
Application documents are not accepted through email due to potential loss of the documents for various
reasons.
Degrees from foreign universities as well as bachelor degrees with less then 4 years of study would be reviewed
in the consultation with MES/ the Center of Bologna Process and Academic Mobility or other relevant state
structure.
Step 4: Taking entrance exams
All graduate programs require The State Foreign Language Test (SFLT) as entrance exam. The exam is held
in August by the National Testing Centre. Registration to the exam requires registration fee and ends in July.
Exam takers pay this fee through bank.
Those applicants who have valid certificates of IELTS (≥6) are exempted from SFLT.
After a successful completion of the SFLT, applicants will be interviewed by departmental committees.
Admission to Master of Financial Analysis program also requires undertaking “Foundation” program.
Applicants participated in the entrance exams of current season and being already admitted to KBTU Business
School degree programs (or if in the process of review for admission to the degree programs) cannot participate
in the entrance exams again.
Applicants rejected for admission due to failure at KBTU Business School entrance exams may retake such in
the further intakes (if applicable and depending on the program). Separate application procedure applies.
There is no appeal to entrance scores or admission decisions at KBTU Business School.
As a result of interview, the program letter states its decision in terms of passing interview or not, including
required justifications and scores if applicable. No individual or group can make or promise any admission
decision based on the interview results; admission decision is communicated once for formal Admission Order is
signed by the Rector.
Internal stage 5: Admission decision
Admission decisions usually are made within 2-5 weeks after complete applications submitted and required
exams are taken, including interviews.
After formal admission to KBTU Business School, all students are subject to sign Education Service Contract
st
with KBTU and return one original copy to the Admission Office prior to any 1 registration.
NON-DEGREE STUDY
Non-degree option will allow any individual who wishes to take certain classes for personal reasons without the
intent of earning a degree.
Classes available for this group will be identified by KBTU rules taking into account prerequisites.
KBTU provides with the list of courses and credits taken and earned in the form of official transcript (grades and
credits assigned). If later a non-degree student applies and is accepted to a degree program, some credits
earned in non-degree status may be transferred to the degree program (if applicable).
The admission criteria that is used for application to a degree program is applicable for non-degree study as well.
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TUITION FEES
№ Cost per-credit basis,

Name of the Program
п/п in tenge
MBA in Leadership Program
1. MBA in Finance Program (overall 50 credits)
6M050700 Management
1.1. Base Tuition Fee 60 000
Tuition Fee for:
1.2. 1) KBTU graduates and employees 50 000

2) Graduates of other universities holding summa/magna cum
laude, with honors diploma
Tuition Fee for:
1) KBTU graduates holding summa/magna cum laude diploma
or diploma with honors
1.3. 40 000
2) Graduates of other English language universities holding
summa/magna cum laude, with honors diploma
60 000 (per-credit)
1.4. Tuition Fee at the Expense of legal entities 3 000 000
(Full Program)
MBA in Oil and Gas Program (overall 50 credits)
2. 6M050700 Management

Tuition Fee for:
1) KBTU graduates holding summa/magna cum laude diploma
or diploma with honors
2.2. 45 000
2) Graduates of other English language universities holding
summa/magna cum laude, with honors diploma
KBTU graduates and graduates of other English language holding

2.3. summa/magna cum laude, with honors diploma 40 000
50 000 (per-credit)
(Full Program)
MS in Supply Chain and Project Management (overall 38 credits)
3. 6M050700 Management

Tuition Fee for:
1) KBTU graduates and employees

3.2. 45 000
2) Graduates of other universities with specialization GPA no
less than 3.65
KBTU graduates and graduates of other English language universities

3.3. with specialization GPA no less than 3.65 40 000
50 000 (per-credit)
(Full Program)
MS in Financial Analysis Program (overall 38 credits)
4. 6M050900 Finance

Tuition Fee for:

4.2. 45 000
less than 3.65

4.3. with specialization GPA no less than 3.65 40 000
50 000 (per-credit)
(Full Program)
5. «Foundation» (Overall 8 credits)

Tuition Fee for:

5.2 45 000
less than 3.65

5.3 with specialization GPA no less than 3.65 40 000
50 000 (per-credit)
5.4 Tuition Fee at the Expense of legal entities 400 000
(Full Program)
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ACADEMIC POLICIES
From time to time KBTU Business School may change or add new academic policies. New and/or revised
policies apply to all students regardless of the year of entry into KBTU unless specific exemptions are stated in
the policy. Policies stated in this catalog replace policy statements from previous catalogs. The KBTU Academic
Council may, during the course of the year, revise and alter current academic policy.
CREDIT SYSTEM
KBTU Business School uses a modified credit system as the foundation for the curriculum. Degree requirements
are stated in terms of credits earned rather than in terms of courses completed.
To earn a degree from KBTU Business School, a student completes a set of credit requirements for a particular
program. The requirements usually have a list of courses that must be taken, a list of elective courses, and a
minimum number of credits to be earned. Elective courses are not a requirement but are necessary in order to
complete the minimum number of credits. A program can have subparts, with required courses and a minimum
credit requirement for each subpart.
Another requirement for graduation is a minimum level of scholastic performance, which is measured by the
grade point average or GPA. The GPA is the average of the grades, but weighted according to the number of
credits for each course in which a grade is received. An example of how to calculate GPA is given in a later
section.
REGISTRATION FOR COURSES
Graduate students should follow schedule and deadlines indicated in the program curriculum and schedule. The
maximum number of credits a student can take, should be within the frame of the credits offered in that semester
and the working curriculum requirements. Choice of elective disciplines is made in accordance with student
specialization and is indicated in the student learning plan.
KBTU Business School graduate programs courses are run under the module format: each module’s (course’s)
duration is 3-4 weeks, so students must complete the registration for each course three days before its
beginning. Usually, students receive a registration confirmation e-mail from Graduate Programs Office
administration one week before the course starts. If a student needs to cancel registration for a particular course,
s/he needs to write a request for registration cancellation to the Dean. A student needs to explain the reasons of
this cancellation and attach all supporting documents.
GRADING SYSTEM
KBTU Business School uses a letter grading system A, B, C, D, F, etc. Letter grades are further differentiated
with “+” for the top of the grade range or “–” for the bottom of the grade range.
Based on the grades assigned, a grade point average is calculated and recorded on the student’s transcript.
Grades and Grade Points

The following letter grades apply to courses at the undergraduate and graduate levels respectively.
Letters Numerical Equivalent Percentage Verbal Equivalent
А 4.00 95 - 100 Excellent

А- 3.67 90 - 94
В+ 3.33 85 - 89 Good
В 3.00 80 - 84
В- 2.67 75 - 79
С+ 2.33 70 - 74 Satisfactory
С 2.00 65 - 69
С- 1.67 60 - 64
D+ 133 55 - 59 Satisfactory
D 1.00 50 - 54
F 0.00 0 - 49 Unsatisfactory
Satisfactory
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F Grade (Fail)
F grade is assigned to a graduate students in the following situations:

1. If a student misses 20% of the classes scheduled for the course. In this case student is not allowed to take
final exam and F grade is assigned for this course.
2. If a student has less than 30 points out of 60 cumulative for Attestation 1 and 2;
3. If a student gets less than 50% on the final assessment (less than 20 points out of 40);
4. If a student misses the final examination;
5. For cheating and inappropriate behavior during midterm, final and other assessments.
A student needs to re-take the course for which s/he got an F grade during the next academic period. S/he will
need to pay the tuition fee for the re-take course and attend all classes and participate in all assessments again.
If a student got F grade for an elective course s/he can re-take this particular elective course or substitute it for
another elective course.
Administrative Grades
Grade Comments Points

Pass/ No Рass Pass N/A
I Incomplete N/A
Grade of Pass / No Рass – P/NP

6. An earned grade of C or higher is recorded as “P”; an earned grade of “C–” or less is recorded as “NP”.
7. “P” (pass) earns credits which may count towards graduation.
8. “P” (pass) has no grade points and is not included in the calculation of the GPA.
9. “NP” earns no credits. (This applies even if the grade would have been “D–”, “D”, “D+”, or “C–” without the
pass fail option.)
10. “NP” has zero grade points which are included in the calculation of the GPA.
Grade of Incomplete
When a student has completed 60% of assessment and is eligible for a final assessment, but due to
uncontrollable factors is unable to complete the course, the instructor may assign a temporary grade of
Incomplete (“I”).
1. The grade of “I” is assigned 0 (zero) credits.
2. The grade of “I” has no grade points and is not included in the calculation of the GPA.
Grounds for Awarding or Refusing an “I”
1. A grade of “I” may be awarded only for a serious event that occurs during the course. Examples include a
serious accident to the student, hospitalization, or the death or serious illness of a close relative.
Documentary proof has to be produced for the above. Educational reasons, such as participation in an
international educational event that coincides with a final examination, may also justify an “I”.
2. An “I” may not be awarded merely in order to give a student more time to complete a task. This gives
him/her an unjustifiable advantage over other students.
3. An “I” may not be used as an excuse for failing to meet the course attendance requirements, which are
stated in every syllabus.
4. An “I” may not be awarded as a substitute for a failing or poor grade.
Approval Process
1. The student must submit the request with explanation of reasons and documentary proof at least 5 working
days in advance. In case of unexpected circumstances it can be submitted but not later than 2 days after
missing classes or exam. If the student is unable to submit the request, close relatives can do so instead of
him/her.
2. If the reasons are considered serious, the request must be signed by the instructor of the course and the
dean and “I” grade will be assigned.
3. If the reasons are not considered serious or there is not enough documentation proof provided, the student’s
request can be refused. 0 points will be assigned for all the missing assignments of the course, including
mid-term or final examinations.
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Removal of Incomplete
1. It is the student’s responsibility to arrange to make up the work that has been missed.
2. It is also the student’s responsibility to contact the instructor and determine what work needs to be
completed in order to convert the “I” into a standard grade.
3. The instructor and the student should develop a plan to complete the remaining coursework in a timely
fashion.
4. The grade “I” should be changed by the instructor to a letter grade (A, B, C, etc.) immediately after the
student completes all course requirements. This should be done as soon as possible but at the absolute
latest by the end of the 8th week after the course ends. A “Change of Grade Form” shall be used for this
purpose. Appropriate documentation must be accompanied with evidentiary support.
5. If a student fails to complete all requirements as assigned by the instructor during the allowed time period
after the incomplete grade was received, the “I” will automatically convert to an “F”.
6. If an instructor who has assigned a grade of “I” to a student leaves KBTU before the time limit, the Dean will
assign another faculty member to evaluate the remaining coursework and to convert the incomplete to an
appropriate letter grade. The Sector of MBA Programs should receive formal notification of the name of the
responsible faculty member and all current assessment records of the student; course syllabus and remedial
components shall be transferred from the former to the new instructor.
7. A student may elect to repeat a course rather than remove the incomplete. In such cases “I” grade will be
transferred to “F” and the student will register for the course again and pay the regular tuition fees.
Grade Submission
Based on the requirement of the Ministry of Education and Science of the Republic of Kazakhstan the course
assessment should be divided into 3 parts: 2 assessments/exams which constitute 60% of the total points and
the final assessments/exams should not exceed 40%.
Access to final exams is automatically will be given to the students having at least 50% of the points i.e. 30 out of
60 in their first and second assessments;
Change of Grade
Faculty members are responsible for ensuring that assessment scores are accurate and correct at the time of
submission. Nonetheless if a miscalculation was made, a faculty member can initiate a change of scores within
one week after the grade submission. A “Change Grade” form shall be used for this purpose. Faculty members
are allowed to change scores only if they have erred in compiling the final grade and the original scores that
were submitted were incorrect. Appropriate documentation must be submitted for every change of entered
scores in the system. The Instructor, Chair/Program director and the Dean must sign the Grade Change form.
Grade Appeal
Within appeal period (48 hours after the grades are posted), MBA Office will consider student appeals for the
scores change and after that will submit to the Registrar the official decisions of the Appeal committee with the
evidence for proper change of scores no later than two weeks after the grades were posted.
GRADE POINT AVERAGE (GPA)
To calculate the grade point average in a credit based system, the numerical points for each grade are multiplied
by the number of credits for the course. The results are summed for all courses included in the calculations. The
total is the “Credit-Hour Value” (CHV). The Credit-Hour Value is divided by the total number of credits which
yields the grade point average. The following is an example:
Organizational Behavior A 3 credits
4.00 (for A) X 3 (credits) = 12.00
Business Communications B 2 credits
3.00 (for B) X 2 (credits) = 6.00
Credit-Hour Value = 18.00, Credits = 5
18.00 / 5 = 3.60 grade point average
Two calculations of the GPA are listed on the student’s transcript: a semester-based GPA and a cumulative GPA.
The semester-based GPA is calculated and based only on grades from courses taken in a particular semester.
The cumulative GPA is based on grades from all courses taken from the beginning of study.
If a course is taken more than once, only the grade received in the most recent retake is counted in the
calculation of the GPA. The GPA is calculated only for degree students. The GPA is not calculated for exchange
or for non-degree students.
38
STUDENT STATUS AT KBTU
KBTU employs several criteria for classifying students.

The most important classification is the status while studying at KBTU.
Degree Student – is any student who intends to complete a program of study and to earn a degree, which is
offered by KBTU. To have degree status a student must have successfully passed KBTU entrance examinations
(if required) and have been formally admitted to a degree program. A degree student can attend either full time
or part time.
Non-degree Student – is any student who wishes to take classes for personal reasons without the intent of
earning a degree. In order to register a student must apply for admission as a non-degree student and be
accepted.
Non-degree students can only take courses for which they meet the prerequisites.
Exchange student – is any student studying at KBTU who is a degree-seeking student from another university..
LEAVE AND WITHDRAWAL FROM KBTU
A student may request a leave of absence by submitting a leave of absence form to Graduate Programs Office.
The maximum time for a leave of absence is one academic year. If a student does not enroll for classes and
does not request a leave of absence, the student is administratively withdrawn from KBTU University at the end
of the late registration period of non-enrollment (excluding summer sessions). Such students are welcomed back
following the State Standard rules.
There are two types of Leave of absence at KBTU:
Academic Leave
• Medical reasons including maternity leave (up to 1 year)

• Military service (for the period of military service required by their home country)
Administrative Leave
• Financial problems
• Study Leave
• Business reasons
Eligibility for Leave of Absence:
• Degree students are eligible for AL.

• A student must submit the request for AL and submit all supporting documents to justify the reasons for
AL.
• Settle all financial obligations to the University. (Except for financial reason). If you have outstanding
debts to your account while on leave, you will not be allowed to register until your debts are cleared
before returning
Application Instructions and Deadline:
• A student must write, sign and submit official LA request to the Graduate Programs Office during the
registration period stated in the academic Calendar.
• Applications will NOT be considered until grades are posted for the last semester of enrollment.
• If students are enrolled for the course, they need to finish the course first and then apply for AL.
• Once the request for AL is approved, the order for leave of absence is issued.
• Minimum period of AL is one semester.
• Maximum period of AL is one academic year or two semesters.
Return from Leave of Absence

• Academic/Administrative Leave status will be converted to Regular status upon completion of the
Academic/Administrative Leave period indicated in Leave of Absence Form. However, the student will
need to write a separate request for resuming the study.
39
Withdrawal from KBTU terminates the agreements between the student and the University.
Withdrawal can be initiated by the student or by KBTU. KBTU has the right to administratively withdraw students
for poor academic performance, for violations of KBTU regulations, for disciplinary reasons, for expiration of the
time allowed for graduation or for non-registration (unless a leave of absence form has been submitted).
To voluntarily withdraw from KBTU, a student should:
1. Process a withdrawal request.
2. Settle all debts and obligations with the University.
3. Pay a withdrawal fee:
a) Withdrawal fee is applied to students in the following cases:
 Students who withdraw from KBTU at their own initiative.
b) Withdrawal fee is not applied to students in the following cases:
 Students who are readmitted to regular KBTU programs.
 Students who are administratively withdrawn from KBTU.
 Newly admitted students who did not start study and not registered for any courses
4. Retrieve all official documents
5. If withdrawn student’s later desire to return to KBTU, they must apply for reinstatement following the State
Standard rules.
Withdrawal period for newly admitted students

1. Newly admitted students have to enroll in the period indicated in their letter of acceptance/Admission order.
2. If newly admitted students have not enrolled in the period indicated in the acceptance letter/Admission order
they will be administratively withdrawn from KBTU and reported to the Ministry of Education and Science of the
Republic of Kazakhstan.
TRANSFER BETWEEN PROGRAMS
At KBTU, degree students are admitted to a specific program. For various reasons a student may later decide to
pursue studies in a different program. State transfer rules prevail any internal transfer rules. A transfer to another
program is permitted graduate students, subject to the following limitations:
1. Graduate students wishing to transfer from one program to another may do so without regard to the number
of credits completed.
2. The student must meet all admission and/or transfer requirements of the receiving program.
3. Student has notified the parent program Dean and has written permission of the dean of the receiving
program.
Regardless of whether previous courses are counted towards a degree program, all courses taken at KBTU
(with grades) should appear on the official transcript. Courses not counted towards a degree can be listed in a
separate “additional courses” section at the end of the transcript.
For students who transfer from one program to another, or who transfer from non-degree to degree status, the
GPA will be calculated using all courses for which credit is given in the degree program. Courses not counted
towards the degree program “additional courses” will not be included in the calculation of the GPA, although they
will appear on the student’s transcript.
TRANSFER OF CREDITS
Transferring KBTU credits (Internal Transfer)
Credits earned in degree status at KBTU are permanent and can be used in any degree program for which the
credits are appropriate. If a student is withdrawn from KBTU and later reapplies to study under a new student ID,
the credits previously earned can be transferred to the records for the new ID.
If requirements have changed, then some credits may not be applicable. The curriculum committee of the
department or program makes the final determination of whether previous credits correspond to current
requirements and can count towards the degree.
A student who earned credits at KBTU as a non-degree student and who was later admitted to a degree
program may transfer up to 48 credits.
Grades achieved at KBTU can be transferred automatically only if they are “any C” or better.” The curriculum
committee of the department or program may consider transferring a student’s “D” grades, in which case a
transfer form shall be submitted to the Registrar Office.
40
All internal transfer should be processed during the admission period.
All internal transferred grades are calculated in overall GPA.

No transfer credits to non-degree status are allowed.
Transfer of Credits from outside of KBTU
Coursework completed at other universities in Kazakhstan or abroad can be transferred to KBTU.
Newly admitted students, who did not indicated their status as student transferring (intentionally or
unintentionally) from other universities (from KZ or abroad) will not be able to transfer any courses later
during their study term, except for the cases of pre-approved exchange programs or pre-approved study
abroad programs. Registrar will, therefore, make the course transfer during study only for above
mentioned groups.
The application must be accompanied by a detailed course syllabus showing the topics covered in the course
and an official transcript showing the number of credits and the grade or final assessment in the course.
1. If an equivalent course exists at KBTU, the transcript will indicate the course code and course title of the
KBTU course. The course need not transfer for the same number of credits as the KBTU course.
2. If a course does not match a current course title then the course can be transferred as Special Topics.
3. Courses in disciplines that are not taught at KBTU can still be transferred as free electives.
4. Credits for courses taken at other institutions of higher education will only be transferred if the student has
earned a “C” or higher grade in the course. However coursework taken at a partner university as part of a
KBTU sponsored student exchange program requires only a passing grade in order to be transferred.
5. No letter grade is assigned to transfer courses. Transfer courses are not considered in the calculation of the
grade point average.
6. No more that fifty (50) percent of student’s degree program requirements can be transferred. No transfer
credits to non-degree status are allowed.
7. The course transfer decision is an academic decision, and the final judgment and decision is made by the
academic departments (number of credits, level of the course, course equivalent in KBTU catalog, etc.).
8. The Registrar may not accept for processing some credit transfers if not satisfied with above. The Academic
Council provides oversight of the course transfer procedure and decision-making in case of inconsistencies
or student appeals.
GRADUATION REQUIREMENTS
Curriculum Requirements
In general, a student follows the curriculum requirements in place at the time the student begins to study at
KBTU. However, KBTU has the right to improve or make substitutions to the curriculum. Every effort is made to
ensure that any necessary changes do not put the student at a disadvantage or disrupt the program of study. In
some cases, students in a particular program may have the choice of completing the program under all or part of
the requirements from a later edition of the KBTU catalog. Whenever this is the case, students are informed of
their options and can consult with advisers to determine the best course of action.
Graduation Requirements
In order to receive a degree from KBTU, a graduate student must:
1. Fulfill all KBTU requirements.
2. Settle all financial obligations to the University.
3. Fulfill all requirements, if any, of the Business School.
4. Fulfill all requirement of the degree program.
KBTU Graduate Degree Requirements

Graduation requirements for Master’s degrees vary from department to department. Full details are given in the
program sections. However, in general, to earn a graduate degree from KBTU, every student must:
1. Complete a minimum number of credits of Master’s coursework beyond the undergraduate degree.
2. Receive a passing grade in all required credit and non-credit courses.
3. Complete the number of credits required by the degree program with a passing grade in each course. Grades
between “A” and “D” are passing grades.
4. Have a cumulative grade point average (GPA) at or above the minimum requirement: 2.50 (out of 4.00)
5. Research, write and publicly defend a Master’s thesis (business project).
6. Meet all requirements for the Master’s program in the student’s major field of study.
Time Allowed for Graduation

Graduate students have a 3 year limit for completing graduation requirements. Any period of academic or
administrative leave from KBTU is not included in these time limits.
41
Graduation Dates
In order to graduate, a student must complete all requirements by the end of the semester of graduation. If there
are outstanding debts to the University or incomplete grades then the student is not eligible to graduate until the
end of the following semester. In order to graduate:
1. Graduate Programs Office starts initiate the process of certifying that the student has met all degree
requirements and is approved for the degree.
2. Student has to submit a Graduation Checkout List to Graduate Programs Office. This verifies that all
administrative and financial obligations (library, dormitory, sport center, commandant, etc.) have been met.
Graduation Ceremony
KBTU holds an annual graduation ceremony each year. The graduation ceremony is only for postgraduates from
the entire academic year.
Graduation Participation
Student who wishes to participate in the graduation ceremony should settle all debts with the University.
42
PART VI – STUDENT FACILITIES
STUDENT CENTER
The Student Center provides cultural, social, leisure and extra-curricular activities for the KBTU community and
guests. It is also home to various student activities such as: campus clubs, disco nights, job and student
organizational fairs, art exhibitions and a host of other events. The “Buffet” and “StoLOVEka” coffee shops,
which is located in basement, serves as a student lounge offering soft drinks, various types of coffee and light
snacks.
STUDENT DINING
Currently, students have multiple full-time locations where they can choose to eat, ranging from cafeteria-style
breakfasts and lunches at “StoLOVEka. All locations offer friendly service and delicious and affordable meals.
These locations are popular among students who want to eat, drink, or just simply socialize between classes.
MEDICAL SERVICES
The mission of the KBTU Medical Center includes the provision of medical care and emergency services to
KBTU students, faculty and staff. The Medical Center is staffed by board certified physicians, psychologists and
nurses who provide primary care services including physical exams, preventive care, emergency medical care,
and psychology consultations. The Medical Center office is located inside the KBTU building on the 3 floor (Tole
bi side); it has four rooms, which serve as a waiting room, examination room, a room for injections, and
physiotherapy. The Medical Center also offers therapy services to the KBTU community.
The KBTU Medical Center works in partnership with students, faculty and staff to provide medical information
and to promote healthy lifestyles.
DORMITORY
Student housing is conveniently located on 70, Turgut Ozal Street. There are four Dormitory campuses. The
capacity of the dormitory is 1300 students. There are comfortable and clean rooms served by a polite and
friendly staff. The dormitory also has: ironing room, DVD & television rooms, a hairdresser and kitchens, most of
which are available for student use 24 hours a day. Two dining services provide fresh homemade dishes for
breakfast, lunch and dinner. There are computer laboratories located on the first floor in each campus. Utilities
such as cable television, telephones, electricity and water are included in the Dormitory rate. MBA Office
also helps students in finding campus and off-campus housing. MBA Office is located in KBTU Building, room
#436.
The entire Dormitory, as well as the entire KBTU campus, offers a secure environment 24 hours a day. KBTU
Dormitory was renovated in 2013.
The Dormitory, like KBTU itself, is a smoke free building. Violations will be subject to fines, and if appropriate,
expulsion. Each Dormitory resident will be expected to abide by all non-smoking rules and regulations.

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PART I – KBTU AND BUSINESS SCHOOL MISSIONS.... .............................................................................. 4

A more detailed statement has also been adopted

Our programs will:

KBS Strategy Framework-Developing A Virtuous Circle

Figure 1: KBS Strategy Framework

Each goal is based on the foundation of:

Ken Charman, Ph.D. Professor

Ken Charman is senior faculty at KBTU Business School in management and

Paul Davis, Ph.D. Professor

Gavin Kretzschmar, Ph.D. Professor

Dr. Gavin Lee Kretzschmar. Chartered Accountant. Ph.D in Quantitative Finance

Dr. Loktionov is the Vice-Rector for Graduate and International Programs at

Ewan Simpson, Ph.D. Associate Professor

Urmatbek Tynaliev, Ph.D. Associate Professor

Timur Narbaev, Ph.D., PMP®, Associate Professor

Timur Narbaev, PhD, PMP®, Aff.M.ASCE, is an Associate Professor with the

Assel Dzhumaseitova, Ph.D. Associate Professor

Assel Jumasseitova is an economist who works at the intersection of

Almaz Mamyrbaev, CPA, Ph.D. Associate Professor

Almas Mamyrbayev, MSc, PhD in Management is a local faculty member. He

Donald Hoskins, CFA, MBA, Assistant Professor

During a career of 20 years on Wall Street in investments and banking,

Yelzhas Aubakirov, CFA, CFM, CMA, Assistant Professor

Yelzhas is an executive director of KBTU Institute of Engineering and

Diana Amirbekova, Ph.D. (ABD), Senior Lecturer

Diana Amirbekova started her career as an academic in KBTU Business School

Egor Pak, Ph.D. (ABD), Senior Lecturer

Christian Capone, MBA, Senior Lecturer

Christian Capone, MBA, is from Italy. He has a Master of Business

The overarching goals of the MBA programs are:

The objectives of the MBA programs are:

Common Learning Objectives

Unique Intended Learning Outcomes (ILOs) – Leadership

Unique Intended Learning Outcomes (ILOs) – Finance

Unique Intended Learning Outcomes (ILOs) – Oil & Gas

Specific course requirements for the MBA program are as follows:

Internship, Business Project / Thesis and Comprehensive Exam

An Internship and a Business Project / Thesis related to the specialization is required.

Proposed Schedule for 2017-2018 Academic Year **

Spring 16 credits Fall

MBA: OIL AND GAS SPECIALIZATION COURSES

Specialization requires all courses from Group A and

Group A: Required courses for specialization

Group B: Recommended Elective course for specialization

OLG5224 Valuation of Oil and Gas Companies

MBA: FINANCE SPECIALIZATION COURSES

Specialization requires all courses from Group A and

Group A: Required courses for specialization

Specialization requires all courses from Group A and

Group A: Required courses for specialization

The goals of the MS in Financial Analysis program are:

The objectives of the MS in Financial Analysis program are:

 A satisfactory knowledge of:

Intended Learning Outcomes (ILOs)

Specific course requirements for the MBA program are as follows:

Internship, Business Project / Thesis and Comprehensive Exam

An Internship and a Business Project / Thesis related to the specialization is required.

Proposed Schedule for 2017-2018 Academic Year*

Fall 11 credits Summer 11 credits

Foundation Program (Sept 7 – Nov 8)

Spring 18 credits Fall

Common and Unique Intended Learning Outcomes (ILOs)

Internship, Research Work, and Comprehensive State Exam