The New Economic School, founded in 1992, is a private graduate school of economics in Moscow. NES’s degrees are highly valued both in Russia and abroad. The mission of the New Economic School is to benefit Russia's private and public sectors through excellence in economics education and research. The core of NES is its resident faculty of 30 young economists with PhDs in economics and finance from the world’s leading universities, including Harvard, MIT, Columbia, NYU, LBS, and Wisconsin-Madison. NES faculty represent Russia in the global economic community, participating in international research conferences and publishing articles in top peer-reviewed international journals, including Econometrica, American Economic Review, Quarterly Journal of Economics, Review of Economic Studies, Journal of Economic Perspectives, Journal of Economic Literature, Journal of European Economic Association, Journal of Finance, Journal of Business, and American Political Science Review. NES is ranked the best economics institution in the former communist countries in the research ranking by RePEc (Research Papers in Economics). SSRN (Social Science Research Network) ranks NES in the top 30 economics departments in the world. NES's think tank CEFIR (Centre for Economic and Financial Research) is ranked in the top 25 economic think tanks in the world by RePEc. Further, NES launched two other research centers in 2011: Center for Demographic Studies and Center for New Media and Society. NES offers three academic programs: a two-year master program in economics, a professional development program in finance, and an undergraduate program jointly with the Higher School of Economics. NES is also active in executive education. In 2011, together with one of the world's leading business schools INSEAD, NES launched an executive education program developed specifically for 500 top managers from Sberbank. The program’s curriculum corresponds to the first year of a standard business school MBA and offers a unique combination of two methodological approaches: face-to-face training with interactive business case discussion and teamwork, and on-site virtual training.