Established in 1992, New Economic School is a non-profit private higher-education institution located in the urban setting of the large metropolis of Moscow (population range of over 5,000,000 inhabitants). Officially recognized by the Ministry of Science and Higher Education of the Russian Federation, New Economic School (NES) is a very small coeducational Russian higher education institution. New Economic School (NES) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees in several areas of study. This 30 years old Russian higher-education institution has a selective admission policy based on entrance examinations. The admission rate range is 20-30% making this Russian higher education organization a very selective institution. International applicants are eligible to apply for enrollment. NES also provides several academic and non-academic facilities and services to students including a library, housing, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, as well as administrative services.