The International Academy of business and banking is a unique multi-level educational establishment. It has been founded in 1991 in Togliatti as an educational center of AvtoVAZbank for preparing the personnel. At the present moment the promoters of the Academy are AvtoVAZ, and the administration of the city and the region. The International Academy is a non-governmental educational establishment, where one can get general and specific education. The Academy consists of several departments (or levels):
  • The kindergarten (for 4-6 years-old children) and the Primary school (for 7-10 years-olds)
  • The Secondary school (for 10-15 years-olds)
  • The College (for 16-17 years-olds)
  • The University (for 18 years-olds and over).
The system provides the continuous education in banking and finance, information technologies, law, design and foreign languages.

Bank-College was the first department to be established. In 1993 it received the accreditation in the North-West Association of Schools and Colleges (USA). Now the International Academy of business and banking has received the accreditation of the Ministry of Education of Russian Federation. It also has a status of the official educational center of Microsoft.

The Academy has a great experience working together with Russian and foreign lecturers and consultants. It also has agreements with some American Universities (Jacksonville, Monterey and Denver). Through these and other avenues, the International Academy of business and banking is widening the spectrum of their activities.


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