| Stockholm School of Economics in Riga | |
|---|---|
| Established | 1994 |
| Type | Private |
| Rector | Anders Paalzow |
| Location | Riga, Latvia |
| Campus | Urban |
| Website | www.sseriga.edu.lv |
The Stockholm School of Economics in Riga, (SSE Riga or Latvian: Rigas Ekonomikas Augstskola) is a business school in Riga, Latvia. It was founded in 1993 as a subsidiary of the Stockholm School of Economics with a mission to provide a state-of-the-art education in business and economics that contributes to the economic and social development of Estonia, Latvia and Lithuania. The school is supported by the Swedish and Latvian governments as well as other sponsors, including a variety of corporations and George Soros Open Society Institute.
Initially, the school only provided undergraduate education through its B.Sc. in Business and Economics program. SSE Riga charges only a nominal tuition fee, employs modern teaching methods, including group work, summer internships and case studies, and has exchange programs with many leading business schools in Europe, as a result of the Erasmus University Charter and even beyond it, including the City University of Hong Kong and Stanford University. It is thus not surprising that SSE Riga has quickly built a strong reputation for offering the highest-quality business education among employers and applicants in the Baltic Republics.
Many SSE professors contend that the Riga program is more competitive and difficult than the SSE program in Stockholm. The admission rates for the B.Sc. program typically range between 7–10%. It annually enrolls approximately 120 students. About 15% of the undergraduate students are from Estonia, 20% – from Lithuania, and nearly all of the remaining 65% are Latvian. English is the language of instruction.
The school started a two-year executive MBA program in 2002 together with the Stockholm School of Economics and the Stockholm School of Economics Russia. Annual intakes of no more than 25 students comprise the best and brightest in the Baltics with a variety of academic and professional backgrounds. Study tours to China, Russia and Sweden are among the highlights of the program.
The school shares its courtyard, main auditorium and library with the Riga Graduate School of Law (RGSL).
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Financial Times European Business school ranking 2010 has ranked Stockholm School of Economics in Riga as the 19th best business university in Europe.[1] Hence, according to Financial Times ranking SSE Riga could be regarded as one of the best business school in the Central and Eastern Europe region.
Investment Game is an international stock market simulator, founded in 1997 by the student investment fund at the Stockholm School of Economics in Riga. The simulation's goal is to stimulate public's interest in finance and investment as well as to train the society to invest by providing virtual portfolios. From 2011 Investment Game is also known as Finasta Investment Game. Every year it unites more than 6000 individuals interested in investment, and is claimed to be the biggest event of its kind in the Baltic region.[2][3]
The first round of the Investment Game, which lasts for 4 weeks, offers players to develop their skills by trading on six European markets, which include NASDAQ OMX Helsinki, NASDAQ OMX Stockholm, Russian Trading System, NASDAQ OMX Riga, NASDAQ OMX Tallinn and NASDAQ OMX Vilnius.[4]
The second round, which also lasts for 4 weeks, is more advanced – Investment Game ‘11 provides access to international stock markets via trading platform, which allows trading on 18 international markets with equities, FOREX, commodities and other financial instruments.[5]
The Investment Game lasts for two months from March to the beginning of May, when most successful participants are awarded prizes.[6]
Chas has stated that the Investment Game is a very exciting activity and one of the most challenging at the school.[7]
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