Business studies refer to a discipline area that consists of classes such as finance, marketing, leadership, and money management. Classes may be taken as part of a particular degree or to prepare students for a business career.

Russia or, also officially known as the Russian Federation, is a country in northern Eurasia. Education in Russia is provided predominantly by the state and is regulated by the Ministry of Education and Science. In Russia, it takes about 70 % of training time for the contact lessons with a teacher, the rest 30 % of the workload are devoted to the independent study of the material.

A Master of Science is an educational program that requires students to complete coursework, hands-on training, and a research paper in order to earn the degree. With an MSc, students have the option of specializing their degree in a chosen field or concentration.