Ulyanovsk State University is a public, research university, located in Ulyanovsk, Russia. City of Ulyanovsk (formerly Simbirsk, founded in 1648) is situated on the Volga River, about 440 miles east of Moscow and has a population of 700,000. The university, one of the largest in that region, enrolls some 16,000 students in six colleges offering 68 majors and claims considerable international ties. USU was one of the first among Russian universities to join Bologna process and started to reform its Doctoral, Master’s and Bachelor’s standards of degrees. As a part of Moscow State University in State of Ulyanovsk, based on the traditions of classical education, was established by a resolution of Government of the Soviet Union in February 1988 (formerly Simbirsk People’s University, established in 1648). In 1996, Ulyanovsk affiliate of MSU was reorganized into Ulyanovsk State University. At present Ulyanovsk State University is one of the largest higher educational institutions in the Volga Region, which comprises six institutes, 7 independent faculties, 2 affiliates, 6 learning centers and many international study centers. The university enrolls about 16,000 students, among them almost 500 foreign citizens from Europe, Asia, Africa, North America and South America. Currently the university employs 1,254 faculty members, including 138 Doctorate and 623 Candidate of Science degree holders. Ulyanovsk State University offers a wide range of study options: full and parttime, external, further and distance education programs on undergraduate, graduate and post-graduate levels. A student may choose from 77 majors, 76 post-graduate, 37 medical internship and medical residency programs. In addition, the University provides an opportunity to receive dual degrees in Law and Business. The Ulyanovsk State University Business School also offers MBA degree with focus on international business and finance.