Attachment 1: Report of Eligibility
Submitted as evidence of compliance with the Requirements of Affiliation for Free-Standing
Institutions Abroad, established by the Commission on Institutions of Higher Education
within the New England Association of Schools and Colleges.
Submitted as an integral part of the Kazakhstan Institute of Management, Economics and
Strategic Research (KIMEP) application for Candidacy with the New England Association of
Schools and Colleges Commission for Institutions of Higher Education
Updated April 2007
2
Table of Contents
NEASC Requirements
Title
Introduction
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
Requirement
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
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18
19
20
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List of Figures
Title
Figure
Figure
States
Figure
Figure
Figure
Figure
Figure
Figure
Figure
Figure
Figure
Figure
Figure
1: KIMEP Collegiate Level Educational Programs
2: KIMEP Degree Programs and Comparable Degrees Offered in the United
3. KIMEP Advising System
4: 2006-7 enrollments by degrees and/or programs
5: KIMEP Student Population, 1999-00 to 2009-10 (projected)
6: Location of Key Information for Requirement 12 in 2005-7 Catalog
7: Non-Commercial JSC KIMEP Governance Structure
8: KIMEP Board of Trustees 2005-7 Academic Year
9: KIMEP Budget Statement for Academic year 2006-7 in US Dollars
10: KIMEP Academic year Funding Bases 2002-3 to 2006-7
11: Total KIMEP Budget 2001-2 to 2006-7
12: KIMEP: Income, Costs and Surplus, 2006-7 to 2009-10 (USD)
13: KIMEP Graduates, 1994-2006
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2
3
5
9
10
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14
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1
Introduction
Introduction
This Report of Eligibility has been prepared by the Kazakhstan Institute of Management, Economics,
and Strategic Research (KIMEP) to demonstrate institutional compliance with the Requirements of
Affiliation for Free-Standing Institutions Abroad as established by the New England Association of
Schools and Colleges (NEASC) and its Commission on Institutions of Higher Education (CIHE) as
published in the document ‘Candidacy for Accreditation by Free Standing Institutions Abroad’ (2004).
The Report is structured to directly follow each of the Requirements listed in p9-14 of the above
document. Each requirement is listed and KIMEP’s response to it presented. This is an updated version
of the report submitted to NEASC June 2005 to take account of changes.
Requirement 1.
The institution has formally adopted a statement of mission, which demonstrates that the
fundamental purposes of the institution are educational, and which is also appropriate to a
degree-granting institution and appropriate to those needs of society it seeks to serve.
KIMEP was founded in 1992, not long after the historic collapse of the Soviet Union. The objective of
KIMEP, as an institution of higher education, was to assist the newly independent Kazakhstan (a
former Soviet republic) in the transformation from its centrally-planned, communist past to a freemarket oriented democratic state. KIMEP’s charge, therefore, was a unique one; supporting and
aiding Kazakh society during these momentous economic and political changes. From this charge was
born the KIMEP slogan, “Education to Change Society.” To date, KIMEP has been successful in
training students to become leaders in the public and private sectors in Kazakhstan. Furthermore,
KIMEP operates with integrity in all of its affairs and with complete financial transparency.
As the Institute has developed, further revisions were made to the Mission Statement in 2005. The
current mission fits directly with the previous Mission but reflects KIMEP’s international aspirations
more accurately. The 2005 Mission was approved by the KIMEP Council and the Board of Trustees in
June 2005. The current mission is as follows:
KIMEP is a non-profit institution of higher education. Its mission is to develop welleducated citizens and to improve the quality of life in Kazakhstan and the Central Asian
region through teaching, learning, the advancement of knowledge in the fields of business
administration and social sciences, and through community service. In addition, KIMEP
aspires to serve the international community by welcoming foreign students to study and
by developing extensive international linkages.
To fulfill this mission we offer graduate and undergraduate degree programs of the highest
level of international educational standards in business, economics, finance, accounting,
public administration, political science, international relations, journalism and mass
communication to outstanding students, who are equal to graduates of universities
anywhere in the world. We seek to select students from among those who demonstrate
leadership, talent and language capabilities, irrespective of their financial means, gender or
ethnic origin, or any other subjective criteria.
Requirement 2.
The institution offers one or more collegiate-level education programs, consistent with its
mission, that lead to degrees in recognized fields of study and that require at least one year
to complete.
KIMEP offers a number of collegiate-level programs leading to both Graduate and Undergraduate
degrees. In particular, KIMEP offers four bachelor’s degrees, seven master degrees and a doctoral
degree. Since the original eligibility report was submitted, two masters programs - the Executive
MBA and MA TESOL – were launched in Spring 2007. The doctoral program (DBA) was launched in the
Spring of 2006. These are shown in Figure 1 below.
2
Figure 1: KIMEP Collegiate Level Educational Programs
Name
Bachelor Programs:
Bachelor of Science in
Business Administration and
Accounting (B.Sc)
Bachelor of Arts in Economics
(BAE)
Bachelor of Arts in Social
Sciences
Bachelor of Arts in
International Journalism
Graduate Programs:
Master of Business
Administration (MBA)
Doctor of Business
Administration (DBA)
Master of Arts in Economics
(MAE)
Master in Public
Administration (MPA)
Master in International
Relations (MIR)
Master of Arts in International
Journalism and Mass
Communications (MAIJMC)
Executive MBA
MA TESOL
Specialization
College
Duration
Accounting, Finance,
Management, Marketing,
Operations Management and
Information Systems
Public Policy Economics,
Business Economics, Resource
and Environmental Economics
International Relations, Political
Science, Public Administration,
Central Asian Politics
International Journalism
Bang College of
Business
Four
Years
College of Social
Sciences
Four
Years
College of Social
Sciences
Four
Years
College of Social
Sciences
Four
Years
Accounting, Finance, Marketing,
Management, Operations
Management, Information
Systems
Accounting, Finance,
Management, Marketing,
Operations Management,
Information Systems
International Economics, Public
Policy Economics, Financial
Analysis
Public Policy, Research &
Information Technology, Public
Management, Public Finance,
Natural Resource Management
Political Science, International
Relations, Central Asian Politics
Public Relations, Media
Management, Print and
Broadcast Journalism
Accounting, Finance, Marketing,
Management, Operations
Management, Information
Systems, Economics
Teaching English
Bang College of
Business
Two
Years
Bang College of
Business
Four
Years
College of Social
Sciences
Two
Years
College of Social
Sciences
Two
Years
College of Social
Sciences
College of Social
Sciences
Two
Years
Two
Years
Bang College of
Business
21
months
Language Center
Two
Years
In line with the mission, the academic programs leading to these degrees prepare students for
leadership roles for the economic, business, and political future of Kazakhstan. In addition, these
programs are all licensed by the Ministry of Science and Education of the Republic of Kazakhstan.
Detailed information about the academic programs at KIMEP can be found in Part III of the 2005-07
Catalog, under the heading of Academic Units and Programs (pp. 68-203). Two new programs were
launched in Spring 2007. These expand both the range and scope of KIMEP’s degree programs. The
new programs are:

MA TESOL (48 credits), offered by the Language Center. Full details of this new program can
be found in the KIMEP 2007-8 Catalog;

Executive MBA (42 credits), offered by the Bang College of Business and which is of twentyone months duration. Details of this new program, as initially envisaged are included in the
KIMEP 2005-07 Catalog (pp. 134 - 138). Full details of the revised program can be found in
the KIMEP 2007-8 Catalog.
3
Requirement 3 .
The institution offers academic programs that are comparable in terms of length,
curriculum, objectives, learning outcomes, and degrees awarded to those offered by
regionally accredited institutions in the United States.
KIMEP prides itself in its leading role in Kazakhstan and the immediate region in offering an education
modeled on the North American credit based system. Degree programs are comparable in:

Length;

Curriculum;

Objectives;

Learning outcomes;
to those offered by institutions in the U.S. Figure 2 lists each degree awarded by KIMEP, as well as
the comparable degree offered in the United States.
Figure 2: KIMEP Degree Programs and Comparable Degrees Offered in the United States
KIMEP Degree
BSc
BAE
BSS
BAIJ
MBA
MPA
MA
MIR
MAIJMC
DBA
Ex. MBA
MA TESOL
Credits
Approximate length
129
122
129
129
63
60
48
51
54
57
42
48
4 years
4 years
4 years
4 years
2 years
2 years
2 years
2 years
2 years
4 years
21 months
2 years
Comparable US
Degree
BA or BS
BA or BS
BA or BS
BA
MBA
MPA
MA or MS
MA, MS or MIR
MA
DBA /PhD
Ex. MBA
MA TESOL
KIMEP degrees are comparable to those offered at regionally accredited institutions in the United
States. Undergraduate academic degree programs are credit-based, ranging from 122 to 129 credits
necessary for completion. Included in these totals is the required 48-credit General Education
program. Curriculum structure involves course groupings of core, cognate, and elective courses, as
well as department, college, and university requirements. Graduate degree programs are also credit
based, ranging from 42-63 credits as shown in Figure 2 above.
Academic Programs Curricula are established by each department, and debated and approved by the
College Councils. Programs are then forwarded to the Senior Vice President of Academic Affairs for
onward discussion within the KIMEP Academic Affairs and Education Policy committee. Once approved
by this committee, Program curricula go to the KIMEP Council for final approval and adoption. The
KIMEP Council also gives consideration to financial constraints, as well as to the environment and
market needs of the academic programs. In addition, market surveys are periodically undertaken to
gauge the opinion of students, faculty, and the at-large community about the missions, objectives and
learning outcomes of KIMEP programs. Detail on the mission, goals and objectives of each program
are listed in Catalog 2005-07 with the exception of the MA TESOL, which is yet to be launched.
Learning outcomes are discussed under Requirement 5.
Requirement 4.
The institution awards the bachelor’s, master’s, or doctor’s degree or, if it grants only the
associate’s degree, includes at least one program leading to a degree in liberal arts or
general studies or another area of study widely available at the baccalaureate level of
regionally accredited colleges and universities in the United States.
KIMEP currently awards Bachelor’s, Master’s and Doctor’s degrees. As mentioned above, to
demonstrate compliance with requirement #2 and #3, Bachelor’s degrees awarded by KIMEP include
Bachelor of Science in Business Administration and Accounting (B.Sc), Bachelor of Arts in Economics
(BAE), Bachelor of Social Sciences (BSS), and Bachelor of Arts in International Journalism (BAIJ).
Master’s degrees awarded include Master of Business Administration (MBA), Master of Arts in
Economics (MA), Master in International Relations (MIR), Master in Public Administration (MPA), and
Master of Arts in International Journalism and Mass Communications (MAIJMC). A Doctoral program
was launched in Spring 2006. The Executive MBA and MA TESOL were launched in 2007.
4
Degree programs offered at KIMEP (summarized above) are listed, along with major fields, minor
fields, and areas of specialization in the Academic Colleges and Departments section of the KIMEP
Catalog 2005-7 (pp. 25-27). Executive MBA and DBA programs are described in detail in the 2005-7
KIMEP Catalog (pp. 134,138).
Requirement 5.
The institution has, for each of its educational programs, clearly
objectives appropriate to higher education in level, standards, and
means for achieving them, including a designated course of studies
degree requirements, adequate guidance to degree candidates
requirements, and adequate grading or evaluation procedures.
defined and published
quality, as well as the
acceptable for meeting
in the satisfaction of
Objectives
Statements of program objectives are clearly defined and published in the KIMEP Catalog. Curricula
for undergraduate degrees include General Education requirements previously totaled 50 credits
(KIMEP Catalog 2005-2007). The General Education program has been substantially revised in Fall
2006, with the 48 credit new program taking effect in Fall 2007. It includes a small number of courses
(in English, Kazakh history and language, and computer literacy) required of all students, and a
requirement for the study of courses in a range of disciplines representing diverse areas of human
enquiry: social sciences, natural sciences, humanities, fine arts, and quantitative methods.
Each program is supported by:

a well qualified international faculty (mostly Western trained);

a well structured advising system, both on-line and paper based;

a computerized admissions, registration and study-tracking system;

quality assurance systems at department, college and KIMEP levels;

a well conceived continuous assessment system;

computer, library and other information resources;

required and elective instruction in English.

Advising
KIMEP considers student advising to be essential in allowing students to successfully navigate creditbased programs. Academic advising is an ongoing process that involves student-advisor interaction
throughout the student’s education at KIMEP. Among the subjects students and advisors can discuss
are:

Students’ choice of major field

Students’ academic progress and current standing

Major field requirements

General Education requirements

Course prerequisites

Registration procedures

Suitable study load

Selection of courses

Study hints / preparation for examinations

Coping with academic difficulties

Career plans / What to do after graduation

Adjustment to life at KIMEP
The advising system works as shown in Figure 3 and described below.

Newly entering students receive information on the processes for advising and registration
during the pre-entry University Life orientation course. Advising for these students occurs as
part of their initial registration process. Since the Fall 2006 intake entering students are
advised centrally at the KIMEP Advising Center, within the Office of the Registrar.

Faculty training is provided on the curriculum structure and the advising system prior to each
registration period where necessary.

From a student’s second semester at KIMEP, he/she is allocated a faculty advisor by the
relevant College. This advisor remains with the student for the duration of his/her studies at
KIMEP

College Advising Centers have been created in both degree-granting Colleges, staffed by
trained College administrative and student peer advisors. These Centers act as clearing
houses for information on the College’s programs of study. They provide support to students
who are confused about the advising process and assistance in locating faculty help if the
assigned advisor is unavailable.
5

Faculty are in their offices to assist students during designated advising hours. The student’s
options are discussed and agreement reached on the course of study to be followed, ensuring
a match between the student’s needs and abilities and curriculum requirements.
A Course Selection Form is completed by the student and discussed with the advisor, listing
courses the student wishes to register for in the upcoming semester. This document is signed by
the student and faculty member. One copy is kept by the faculty member and the other taken by
the student to the College Advising Center where the student is given access to the online
registration system. Alternatively, the faculty member can open registration for the student

The student is then free to register online via the KIMEP website or using the parallel paperbased system. The information once entered is passed automatically to the Office of the
Registrar and recorded in the student’s record.

In cases where the student is unable to meet with the assigned faculty member, the College
Advising Center will locate alternative advising resources.
During the semester, faculty are required to set office hours during which advisees can confer on
any issues they may have throughout the semester. The faculty member acts as a first point of
reference on a wide range of issues.
Figure 3. KIMEP Advising System
Incoming
Students
Faculty
Advisor
Training
First Semester
Advising by KIMEP
Advising Center
Assignment of
Faculty to
Advisees by
College
Advisor
Monitors
Student
Progress,
Meetings if
Necessary
Second semester and
Later students
AdvisorStudent
Meeting on
Course
Selection
Student
Registers
For
Courses
Course
Selection
Form
College
Advising
Center/
Faculty
Opens
Registration
Grading and Evaluation
Full details on KIMEP’s grading policy are given in the KIMEP Catalog 2005-7 (p.34-37). A continuous
assessment system is used to evaluate student performance in all classes. Such instruments as
quizzes, tests, writing assignments, and term papers are assigned throughout the semester and
graded according to the letter grading scale. The proportional weights of these instruments are
determined ahead of time, and clearly explained by faculty members to students. In addition, the
manner in which the final grade is determined is clearly stated in the course syllabus. The course
syllabus is a contract between the student.
KIMEP has an institution wide system of monitoring learning outcomes which assesses:

Real time performance via the continuous assessment systems employed by instructors

Course exit performance, measured by overall performance and final examinations

Program exit performance, measured by final degree outcome
From the perspective of:

Students via satisfaction surveys

Faculty via satisfaction surveys with student performance and the KIMEP working environment

KIMEP Management via faculty evaluation and program outcome monitoring

Employers via periodic surveys of their experience with KIMEP graduates they employ
KIMEP’s arrangements for assessing the degree to which learning objectives have been achieved is
being continuously improved as programs further mature. The process has been greatly enhanced by
the introduction from 2005 of a systematic program of institutional research, which since Fall 2006
has been led by a full-time Director of Quality Assurance and Institutional Research.
6
Requirement 6.
The institution awards only degrees appropriate to each graduate’s level of attainment.
KIMEP guarantees the integrity of its degrees by assuring that credentials are awarded only to
students who have fulfilled program requirements satisfactorily.
Clear graduation requirements, a
high-quality, well-structured curriculum, qualified international faculty and a series of quality control
checks combine to ensure that all KIMEP graduates have attained a certain level of knowledge, skills,
and academic achievement. Graduation requirements are stringent and non-negotiable. In order to
graduate from KIMEP, students must satisfy all General Education requirements (see requirement
#9), as well as all Department, College, and KIMEP requirements. All financial obligations to KIMEP
must also be paid.
In addition, undergraduate students seeking a baccalaureate degree must, within a maximum period
of ten years, earn the required amount of credits required by the given department, and must have a
cumulative grade point average (GPA) of 2.0 representing a “C” or “Satisfactory”. Baccalaureate
degree seekers must also have 48 credit hours from the collection of general education required and
elective classes (see requirement #9), and must meet all requirements for the given degree in the
student’s major field of study. In order to receive credit for a given course, undergraduates must earn
a grade of at least “D-“.
Graduate students seeking a Master’s degree must complete the required number of credits within a
maximum period of five years. Master’s degree seekers must also have a cumulative GPA of 3.0
representing a “B” or “Good”, (or the College of Social Sciences 2.67), and must meet all
programmatic requirements in the relevant major field of study. In order to receive credit for a given
course, graduate students must earn a grade of at least “B-“.
In addition to the above-mentioned graduation requirements, KIMEP assures the integrity of its
degrees by implementing a well-structured curriculum, an advising system that includes an on-line
tracking system, and relevant, quality faculty staffing each academic department. Quality assurance
committees at the department and college levels monitor, among other things, degree requirements
and instructional quality. A standardized, evaluation system (required for each course at KIMEP)
allows students to evaluate instructors upon completion of each course. Previously this was done
online. Since Fall 2006 manual distribution methods have been used to increase participation These
teaching evaluations serve as a key mechanism to monitor the effectiveness of faculty teaching.
As a final guarantee of integrity for KIMEP degrees, a number of clearance steps must be passed in
order for students to graduate in a given year. At the end of the spring semester, after final grades
have been submitted, a departmental committee recommends all graduating students to the College
Dean. The Dean then reviews this list and presents the list to the College Council. College Councils,
in turn, send recommendations of graduates to the KIMEP Council for final approval.
Requirement 7.
The institution offers its instructional programs entirely or predominantly through
coursework that includes face-to-face instruction.
The vast majority of coursework for all KIMEP programs is conducted through face-to-face instruction.
Classes are conducted on campus and are led by a qualified instructor. The only exceptions to this rule
are the four to six courses offered at any one time via a web-based platform facilitated by the
Distance Learning program in the College of Continuing Education. Of these courses, only two have
been offered in a graduate degree-bearing program (Master of Public Administration) and one in the
BSc program, and the institution has no immediate plans to significantly expand participation in this
delivery format.
In 2004, the College of Continuing Education (CCE) launched an Internet based Distance Learning
program intended to support its professional certificate program, the ‘Open Enrollment and Certificate
Program’. A platform with the rigor and functionality necessary to support degree programs was
deliberately implemented to enable its use in the other colleges should they choose to in the future.
KIMEP utilizes the open source “Modular Object Oriented Distance Learning Environment” (MOODLE)
platform, located on a dedicated Distance Learning server. MOODLE is a password protected online
learning environment enabling both student-instructor and student-students communication,
cooperation and interaction. It is a platform utilized by over a thousand institutions worldwide.
Since its implementation in the CCE, the platform has been used to deliver approximately two to four
professional certificate courses at a time. Courses in the CCE follow an abbreviated eight-week
semester so the annual online course total is approximately twelve to twenty four. Some instructors
7
have expressed interest in using the platform as a ‘support mechanism’ to courses taught face-to-face
in other programs and the platform is made available for this purpose as well. Currently the Executive
MBA is using the platform in this way.
Requirement 8
The institution uses English as a principal language of instruction and operation, sufficient
to permit an evaluation by the Commission and to ensure the ability of its graduates to
continue their education in other regionally accredited U.S. institutions.
The primary language of instruction and operation at KIMEP is English. KIMEP was established
specifically to offer a high-quality, North American style education (in English) within the Republic of
Kazakhstan. Nearly all of the courses offered at KIMEP are taught in English, with the rare exception
of perhaps the History of Kazakhstan course, and Kazakh language courses.
In all its documentation, KIMEP routinely describes the offering of a ‘North American’ or ‘Westernstyle’ education and meeting these high standards. Implicit in these references to “North American”
or Western-style’ is the provision of programmatic course offerings in the English language. Explicit
documentation of KIMEP’s compliance with the English language requirement for candidacy appears in
the Mission and Profile of the Language Center in the 2005-07 Catalog (p. 233), as well as the
“Outstanding Faculty” description on page 28.
Requirement 9
The institution, in addition to study of the areas of specialization proper to its principal
educational programs, requires a coherent and substantive program of general education at
the postsecondary level, comparable to those offered by institutions in the United States, as
either a prerequisite to or a clearly defined element in those programs; documents a
commitment and resource base sufficient to facilitate students’ achievement of the goals of
general education.
The General Education program at KIMEP provides an important foundation that supports and
enhances each of the university’s degree programs. As with universities in the United States offering
such programs, KIMEP realizes the need to broaden student’s educational experience beyond the
narrow confines of an individual major area of study. The KIMEP General Education requirement
mandates that all bachelors’ students successfully complete 48 credits within the General Education
program, which is structured as follows:

*
*
*
*
*

Twenty-four (24) credits in required courses:
English language – 12 credits
Kazakh language – 6 credits
Kazakh history – 3 credits
Introductory computing/IT – 3 credits
University Life (an orientation course) – 0 credits
Twenty-one (21) credits in discipline-specific electives, distributed as follows:
One course (3 credits) in sciences
One course (3 credits) in ethics and philosophy
One course (3 credits) in either Business/Economics or Social Sciences, depending on the
student’s major field of study
One course (3 credits) in mathematics and statistics
Two courses (6 credits) in history, culture and fine arts
One course (3 credits) in information technology
* Three further credits in unspecified General Education courses (e.g., additional English,
additional discipline-specific elective course, foreign language, applied arts, physical
education)
Students are strongly guided to complete as much of their General Education program as possible in
their first year at KIMEP. Most academic departments expect a student to have taken and passed the
General Education English course sequence before taking content area courses in the major field.
A full current listing of courses meeting the requirements in the “discipline-specific elective” category
above can be found in the General Education Program description in the KIMEP 2007-08 Catalog.
To support its General Education program, KIMEP utilizes faculty, library resources, and physical
facilities available to all KIMEP students, irrespective of their degree program enrollment. In the
8
Spring 2007 124 faculty members taught General Education courses at KIMEP. All library resources
are available to students enrolled in these courses.
Requirement 10
The institution has adopted a statement specifying the potential students it wishes to serve,
and admits qualified students to its programs under admission policies consistent with this
statement and appropriate to those programs.
KIMEP has thorough and clear admission policies for both undergraduate students and graduate
students.
In addition, admission policies differentiate between those students educated within
Kazakhstan, and those foreign students from outside the Republic. While admission policies are
summarized below, detailed information regarding the KIMEP admission policies is found in the 200507 KIMEP Catalog on page 33.
At the strategic level, the target group of potential students is as follows:
“KIMEP aims to be a leader in the CIS and by extension the international community in the
provision of business and social science education based on the North American model. We
seek to serve all who share in our vision of ‘Education to Change Society’ and wish to
become active participants in this transformation in Kazakhstan, Central Asia and beyond.
KIMEP seeks to select students on merit, who demonstrate leadership, talent and language
capabilities regardless of age, race, gender, ethnic origin, or financial means”.
At the operational level, a statement identifying potential students appears on page 33 in the 2005-07
Catalog, and is as follows:
“KIMEP seeks to enroll students who have demonstrated the potential to succeed and have
shown evidence of their capability to contribute to the KIMEP community. Criteria for
admission to both undergraduate and graduate programs include such qualities as
academic standing, knowledge of English, work experience, and achievements combined
with leadership, creativity and extracurricular activities. For individuals entering as first
year undergraduate students, high school achievements, the results of national complex
test , TOEFL and the KIMEP English proficiency test and the particular characteristics of
each applicant will be considered. For students entering as first year graduate students,
undergraduate achievement and the results of entrance examinations including English
proficiency tests will be considered.”
Furthermore, a statement of non-discrimination also appears in the 2005-07 Catalog (p. 33), and is as
follows:
“KIMEP and the KIMEP Admissions Committee do not discriminate against any individual or
group on the basis of race, ethnicity, nationality, religion, gender, social or sexual
orientation, creed, marital status, physical disabilities, remote area location, age or any
other subjective criteria.”
In order to maintain quality and integrity of admissions, admissions are considered at three different
levels:

Criteria are established by programs within each of the colleges. The College Councils of
each college approve those criteria. The College Councils makes recommendations to the
KIMEP Admissions Committee.

The College Admission Committee ensures that criteria and college requirements have been
met, and makes recommendations to the KIMEP Admission and Scholarship Committee

The KIMEP Admission and Scholarship Committee is appointed by the KIMEP Council. This
committee implement the criteria established by the College Admissions Committee and
assure consistency across the university. They also ensure that entrance examinations have
been conducted fairly and properly and that there is a general compliance with Ministry of
Education guidelines. This committee further determines the material resources are available
to support newly admitted students.
In addition, admissions requirements for both undergraduate and graduate students enable KIMEP to
select the most promising applicants within a given applicant pool. For undergraduates, the required
materials for the application packet include the standard application, application fee, identification
materials, other supplemental materials, as well as high school transcripts, national complex test
scores, and English proficiency exam scores. Aspiring graduate students must submit the application,
application fee, copy of undergraduate transcripts, identification and other supplemental materials,
two letters of recommendation, an essay (MAIJMC program), as well as scores from the KIMEP
9
Graduate Entrance Exam (MBA and MA program) and the English entrance exam. One program (MPA
program) requires a personal interview. GMAT or GRE scores can be substituted for the KIMEP
Graduate Entrance Examination discussed above.
To be accepted by KIMEP, as undergraduate students applicants must sit the KIMEP English Entrance
Test (KEET) comprised of 100 questions, for which students are given 1.5 hours to complete. The
exam consists of grammar questions (50%), vocabulary, usage and idiom questions (25%), and
reading comprehension (25%). Minimum English entrance scores for admission into KIMEP vary by
program, and vary by intake period. For the March 2006 admissions period, the minimum entrance
exam score for program acceptance was 65 for all undergraduates (one exception is journalism for
whom it is 50). Students, who score up to 9 points below the minimum acceptance score on the KEET,
may be admitted on a provisional basis. The provisional admission is for one full-time semester, and
passing this program for those students who failed the KEET, a “pre-KIMEP” program is in place for
exam preparation. Such students enroll full-time for a semester to reach the required competence in
English. For those students who score adequately on the KEET, a new English program is to be
implemented from summer 2007. During July and August, students admitted to KIMEP must attend a
pre-degree 5 hours-a-day, 6-week English course. After successfully fulfilling the requirements of this,
students will take during the 1st semester of their 1st year, Academic Speaking and Academic
Listening and Note-taking Skills 1. Upon successful completion, students proceed to Semester 2 in
which they must take Academic Listening and Note-taking Skills 2 and Academic Reading and Writing.
Similar conditions apply to graduates wishing to enter KIMEP.
In addition, KIMEP offers preparatory programs for high school students that specifically target the
English entrance exam as well as the subject matter on the Kazakhstan national complex test.
Requirement 11. Has students enrolled in and pursuing its principal educational programs
at the time of the Commission’s evaluation.
The KIMEP student profile is diverse, and the population is growing as academic programs grow. In
recent years the student profile has become increasingly international. For the academic year 20062007, from a total of 3803 applications submitted, 2156 students were admitted and 1033 new
students were enrolled for studies. The breakdown by of enrolled students by program is summarized
in Figures 4a and 4b.
Figure 4a - Undergraduate Enrollment 2006-7
2000
1824
1800
1600
1400
1200
1000
797
800
658
600
400
200
146
0
BAIJ
Source: KIMEP Registrar
BAE
BSS
BSC
10
Figure 4b - Graduate Enrollment 2006-7
350
304
300
250
200
150
100
48
50
8
13
DBA
Executive
MBA
22
24
30
MAIJ
MIR
MA
0
MPA
MBA
The phenomenal growth in the student population demonstrates the public’s confidence in KIMEP. As
can be seen in the following graph, the student population has increased by 100% since 2002-03.
Current forecasts aim for a population of around 4,900 students by academic year 2009-10.
Figure 5: KIMEP Student Population, 1999-00 to 2009-10 (projected)
6000
4900
5000
4550
4700
4045
4000
3378
2855
3000
2250
2000
2000
1500
1100
1000
750
0
1990-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
Source: Office of the Registrar, KIMEP Strategic Planning Team
Note: 2007-2010 figures are projected.
Requirement 12.
Has available to students and the public a current and accurate catalog or comparable
official publication setting forth purposes and objectives, entrance requirements and
procedures, rules and regulations for student conduct, programs and courses, degree
completion requirements, full-time and part-time faculty and degrees held, costs, refunds,
and other items related to attending or withdrawing from the institution.
The KIMEP Catalog and the conditions stated therein are considered a legal document for studies at
KIMEP that binds both parties (KIMEP and Student) towards fulfilling their obligations. The KIMEP
Catalog provides students, faculty members, administrators and all other interested persons with the
11
details of graduate and undergraduate studies at KIMEP. It offers an insight into KIMEP, its policies,
academic programs and auxiliary services. The 2005-2007 Catalog furthermore provides detailed
descriptions of academic policies and procedures, rules and regulations, academic departments,
programs, curricula and organizational structures of the Institution. Every student is strongly
encouraged to read the Catalog carefully and must abide by the rules and polices published by KIMEP.
A copy of the 2005-2007 Catalog is included with this Report of Eligibility. Key issues set out in
Requirement 12 are located in the Catalog as shown in Figure 6 below. The new edition of the Catalog
to be published for AY 2007-2008 contains the same range and depth of information.
Figure 6: Location of Key Information for Requirement 12 in 2005-7 Catalog
Element
Page Number
KIMEP Profile
24
Entry Requirements
33
Procedures, rules and regulations for student conduct
62-67
Programs and courses
68-203
Degree completion requirements:
B.Sc
79-99
BAE
162-169
BSS
149-157
BAIJ
195-198
MBA
100-123
MPA
188-193
MA
170-180
MIR
159-161
MAIJMC
199-203
DBA
124-133
ExMBA
134-138
To be included
in 2007-2008 Catalog
MA TESOL
Faculty
Costs, refunds, and other items related to attending or withdrawing
from the institution
Source: KIMEP Catalog, 2005-2007.
271-282
58-59
Requirement 13.
Has a charter and/or other formal authority from the appropriate government agency
authorizing it to grant all degrees it awards; has the necessary operating authority for each
jurisdiction in which it conducts its activities, and is operating within its authority. If the
institution is not legally eligible for local government approval, it otherwise documents its
standing and significant support from the local community and other relevant communities
of interest.
KIMEP was established in accordance with the Resolution # 580 of the President of Republic of
Kazakhstan of January 14, 1992. This new institution was to be staffed by a mix of foreign and
national instructors and was to operate according to the high academic standards of North American
and European academic institutions. The first Charter was established in the same year.
KIMEP has always been a non-profit institution. Until
President of Kazakhstan issued Decree N 1178 dated
institution ‘KIMEP under the President of the Republic
Stock Company KIMEP. The Joint Stock Company
2003 it was a state institution. In 2003, the
August 28 on the reorganization of the state
of Kazakhstan’ into the non-commercial Joint
‘JSC KIMEP’ was established based on the
12
Foundation Agreement of June 4, 2004. The Charter was revised and a new Charter was established at
this point.
As a non-profit organization the JSC KIMEP does not and cannot pursue a goal to get a profit, cannot
allocate net profit between shareholders and can use any surplus only for the development of the JSC
KIMEP. (KIMEP Charter, article 1.6). This directly fits with legislation. As stated by the Law of the
Republic of Kazakhstan “On Non Commercial Organizations”, article 16.1:
a non commercial joint stock company is a legal entity that issues shares with the purpose of
attracting resources for the implementation of its activity, the profit of which could be used for
the development of the company only.
What this means is that any surplus has to be reinvested into the development of the Institute.
Furthermore, it is not possible for this status to be changed without a change in the legal framework
under which the non commercial JSC KIMEP was established. As stated by the Law of the Republic of
Kazakhstan “On Non Commercial Organizations”, article 16.1, as a non-commercial JSC KIMEP
cannot be reorganized into a commercial organization.
KIMEP acts on the basis of its foundation documents and the legislation of the Republic of Kazakhstan.
As a higher educational institution KIMEP also acts on the basis of the KIMEP Catalog and other
documents regulating academic processes and internal rules.
According to the legislation of the Republic of Kazakhstan the institution has a right to grant diplomas
and certificates of the established form, including state ones, and award corresponding degree and
qualifications to its graduates. The Institution and its academic programs are licensed and also
attested by the Ministry of Education and Science of the Republic of Kazakhstan. The support of the
Government of the Republic is further demonstrated by its shareholding in the non commercial JSC
structure and membership of representatives on the Board of Trustees as discussed further below.
Requirement 14
Has a governing board that includes representation reflecting the public interest that
oversees the institution, working to assure the fulfillment of its mission and advance the
institution’s level of quality; assures that fewer than one-half of the board members have
any financial interest in the institution, including as employee, stock-holder, or corporate
director.
The governance structure of KIMEP is summarized in Figure 7 and the key elements explained below.
The role of the President is discussed in detail under Requirement 15 below, while the roles of the
various Vice-Presidents are self-explanatory. This reflects a reformed organizational structure
approved by the KIMEP Council March 2007, which aimed at increasing support for the President,
developing a focus on advancement and further development of the governance structure. This will
take effect in June of 2007. Further changes in the ownership of KIMEP are planned with the creation
of a Foundation which will hold 100% of the shares of KIMEP in trust for perpetuity. This will replace
the General Meeting of Shareholders in the governance structure. This is discussed in detail in
Attachments 4a-4d of the self study submission.
Figure 7: KIMEP Governance Structure
General Meeting
of Shareholders
Board of Trustees
Executive Committee
President
KIMEP Council
President’s Administration
Executive Vice President
Vice President
Administration
& Finance
Vice President Academic Affairs
Associate Vice President
Administration
& Finance
Associate Vice President
Academic Affairs
Administrative Departments
Colleges
Vice President
Advancement
Dean of Student Affairs
Advancement Departments
Student Services
13
General Meeting of Shareholders
Office of the President /
The General Meeting of Shareholders (GMS) is the supreme body of the
JSC “KIMEP”
(Charter,
President’s
administration
art.6.1). An annual General Meeting of the GMS is held once a year and there are also mechanisms for
extraordinary meetings to be held as and when necessary.
There are two shareholders in the JSC ‘KIMEP’ entitled to attend the General Meeting of Shareholders:

Dr Chan Young Bang, President of KIMEP (holding 60% of shares)

A representative of the Committee on State Property and Privatization under the Ministry of
Finance of the Government of the Republic of Kazakhstan ( holding 40% of shares).
The GMS has exclusive competence over the following issues drawn directly from the KIMEP Charter,
(art.6.3).

“Making amendments to the Charter of the JSC “KIMEP” or approval of its new version;

Voluntary reorganization or liquidation of the JSC “KIMEP”;

Adoption of a decision on changing the number of declared shares of the JSC “KIMEP”;

Defining the number and term of office of the Counting commission of the JSC “KIMEP”,
election of its members and early termination of their office;

Defining the number of members and term of office of the Board of Trustees/the Board of
Directors, election of its members and termination of their authority ahead of time, defining
the amount and conditions of bonuses for the members of the Board of Trustees/the Board of
Directors, excluding civil servants;

Designation of the auditing organization conducting the audit of the JSC “KIMEP;

Approval of annual financial statements of the JSC “KIMEP”;

Adoption of decision on participation of the JSC “KIMEP” in establishment or activities of other
legal entities by transferring part or several parts of assets that in total constitute twenty-five
and more per cent of all the assets held by the JSC “KIMEP”;

Approval of decisions on major transactions and transactions in which the JSC “KIMEP” has an
interest;

Making decision to increase obligations of the JSC “KIMEP” for the sum that constitutes up to
twenty-five and more per cent of its own capital;

Defining the form of notification of the shareholders of the JSC “KIMEP” regarding convocation
of the General Meeting of Shareholders and making a decision on placing the information in
periodical press;

Approval of the method(s) for determining the value of the shares when they are redeemed by
the JSC “KIMEP” in accordance with the legislation of the Republic of Kazakhstan on securities
market;

Approval of the agenda of the General Meeting of Shareholders;

Defining the procedures on information disclosure to the shareholders concerning the
Company's activities, including determination of the periodical press;

Introduction and annulment of a “golden share”.
It is prohibited to delegate authority on issues under the exclusive competence of the GMS to the
competence of other bodies (Charter, art.6.5).
Board of Trustees
The next level of authority is the Board of Trustees, the managing body of the JSC “KIMEP”. Exclusive
competence issues of the Board are as follows, drawing directly from the KIMEP Charter, art.6.21.










“Determination of the priority directions of the development of the JSC “KIMEP”, approval of
the strategies and plans for development of the JSC “KIMEP”;
Making decision on convocation of an annual and extraordinary General meetings of
shareholders;
Making decision on allocation of shares of the JSC “KIMEP” and their price within the limits of
the number of declared shares;
Making decision on redemption of the allocated shares by the JSC “KIMEP”;
Preliminary approval of the annual financial statements of the JSC “KIMEP”;
Election and determination of terms of power of the Chair of the Executive Committee
(President of the JSC “KIMEP”), and also termination of his authorities ahead of time;
Determination of salary and premium bonuses for the Chair of the Executive Committee of
the JSC “KIMEP” (The President of the JSC “KIMEP”);
Determination of fees for appraiser and audit company;
Making decisions on establishment and liquidation of the branches and representative offices
of the JSC “KIMEP” and approval of regulations concerning their activities;
Increase in liabilities of the JSC “KIMEP” up to ten and more percent of its equity capital;
14

Appointment of the registrar company of the JSC “KIMEP” in case of termination of the
contract with the previous registrar company;

Identification of information about the JSC “KIMEP” or its activity that constitutes official,
commercial or other type of secret protected by law;

Making a decision on main transactions or transactions in which the JSC “KIMEP” has an
interest;

Making decisions on the JSC “KIMEP” participation in creation and functioning of other
companies”.
The current members of the Board of Trustees of KIMEP are shown in Figure 8 below.
Figure 8: KIMEP Board of Trustees, 2005-7
Chairman of the Board :

Vacant
Board Members:

Chan Young Bang, PhD, President of KIMEP

Lee Kyung Jae, Bachelor of Mechanics, Vice-President, USKO International,
Kazakhstan

Daniel Connelly, Bachelor of Arts, Chief Executive Officer, Citibank Kazakhstan

Chae Ho Kim, Honorary Doctor of KIMEP, BA Economics, Chairman of Hae Kwang
Co., Ltd., Seoul, Korea

Andrew Wilson, MBA, Vice-President of Eurasia Foundation, Central Asia

Nadezhda Pogorelova, Diploma of Higher Education, General Director, “Economical
Center” Company, Kazakhstan

Igor Tupikov, MBA, President of the JSC “Buran Boiler”, Kazakhstan

Victor Khrapunov, Honorary Doctor of KIMEP, Mayor of East Kazakhstan Oblast

Grigoriy Marchenko, Diploma of Higher Education, Chairman of the Board of the
National Bank of Kazakhstan

Daulet Sembayev, Honorary Doctor of KIMEP, Deputy Chairman of the
Kazcommercebank Board of Directors

Eduard Utepov, Candidate of Science, First Deputy Chairman, Committee on State
Property and Privatization of the Ministry of Finance of the RK

Kalimzhan Ibraimov, Diploma of Higher Education, Head of the Department,
Committee on State Property and Privatization of the Ministry of Finance of the RK

Elena Saharova, Diploma of Higher Education, Deputy Head of the Department,
Committee on State Property and Privatization of the Ministry of Finance of the RK

Winfred L. Thompson, Ph.D. Chancellor of American University of Sharjiah

Hartmut Fisher, Ph.D. Professor of Economics, University of San Francisco,
California, USA

Jaemin Han, Ph.D. Professor, Associate Dean, Graduate School of Business, Korea
University
As can be seen above, the members of the KIMEP Board of Trustees possess a wide variety of
experience, competencies, and academic backgrounds. Each is a well-respected member of the
community at large. In recognition of the fact that KIMEP is an academic institution, the Government
of the Republic of Kazakhstan did not take advantage of its right to appoint representatives
proportionate to its shareholding. KIMEP continues to work hard to diversify the membership of the
Board and is currently focused on increasing academic representation, targeting world-class
academicians for membership.
In addition, the President of KIMEP is the only member of the Board of Trustees with a direct personal
financial interest in the University. The bylaws of the Board of Trustees, KIMEP and College Councils
are available on the KIMEP web-site www.kimep.kz under “Authority”.
KIMEP Council
The Charter of JSC KIMEP (clause 6.43) provides for the establishment of a University Senate, called
the KIMEP Council which is the highest collective decision and policymaking body within the
Institution. The composition of this council is derived from administration, faculty and students. The
members and composition of the Council are determined in accordance with procedures established in
the KIMEP Council by-laws. Members of the Board of Trustees shall have the right to participate in the
Council’s meetings as observers. The Council functions in accordance with its own by-laws found on
the KIMEP website www.kimep.kz under “Authority”.
Policies governing academic, non-academic, administrative, finance and budgeting activities are
formulated and approved by this Council. Under the KIMEP Charter, this Council has the exclusive
15
right to review and approve student tuition fees amongst other matters. The Council has a number of
standing committees, which primarily concentrate on with matters of policy and monitoring. Academic
resolutions passed by the College Councils including introduction of new academic programs that
require major financial considerations are submitted to the KIMEP Council for final approval. In
addition, the creation and elimination of academic and support units, modification of faculty code of
practice, budget and resource allocations etc require the final approval of the KIMEP Council.
Requirement 15.
Has a chief executive officer whose full-time or major responsibility is to the institution and
who possesses the requisite authority.
In the KIMEP governing structure, the office of President fulfils the functions of Chief Executive Officer.
Chan Young Bang, Ph.D. is the President and Chair of the Executive Committee of KIMEP. According to
the Charter, the President is authorized to:

Ensure the fulfillment of the provisions of KIMEP Charter;

Organize the implementation of the decisions of the General Meeting of shareholders
and the Board of Trustees/the Board of Directors;

Conduct general management and control of KIMEP and be responsible for the
efficiency of its work;

Supervise the work of the Executive Committee and the Council of KIMEP;

Provides overall directions for educational and research policies;

Consider and approve financial policies and major expenditures;

Supervise budgeting and auditing works;

Distribute the responsibilities, authorities and duties among the members of the
Executive Committee;

Exercise hiring, displacement and firing of the JSC “KIMEP” staff (with the exception of
cases stipulated by the legislation of the Republic of Kazakhstan), apply awards and
disciplinary punishments, determine salaries and redundancy payments in accordance
with the Staff Schedule of the JSC “KIMEP”, determine bonuses for employees of the
JSC “KIMEP” except for members of the Executive Committee;

Implement standards of academic and administrative ethics;

Approve documents which regulate the internal activities of KIMEP, apart from those
that must be approved by the Council of KIMEP;

Determine the procedures of utilization of the reserve capital of KIMEP;

Appoint the Chairs of the branch and representative offices of KIMEP;

Act on behalf of KIMEP in contacting with outside parties without any letter of
attorney;

Issue a letter of attorney ensuring the right to act on behalf of KIMEP in contact with
the third parties.
The position of the President of KIMEP is a full time position. An Individual Labor Contract with Dr.
Chan Young Bang was signed by the Chairman of the Board of Trustees Mr. A. Peterson in accordance
with the Law of the Republic of Kazakhstan “About Joint Stock Companies”(art.59.2) Dr. Chan Young
Bang does not work full-time for any other company or organization in Kazakhstan. However, he is the
owner of two companies in Kazakhstan: the JSC “USKO International” and “Buran Boiler” LLP.
Any potential conflict of interest between KIMEP and Dr. Chan Young Bang is controlled by rules and
procedures established at KIMEP. There is a strong system of various committees at different levels
(departments, colleges, institution). This system makes the Institute open and transparent to any
target audience (students, faculty, staff, partners, sponsors, and official bodies) and helps to foster an
environment which nullifies any opportunities to misuse authority by KIMEP officials, including the
President, for monetary or other personal gain.
Requirement 16
Has an administration, faculty, and professional staff who collectively have significant
experience in American higher education and are prepared to ensure the institution meets
the Standards for Accreditation.
KIMEP maintains a full-time faculty and a cadre of administrative staff sufficient to control and
manage academic and non-academic affairs, and to provide stability and on-going quality
improvement. Because KIMEP, by choice, has introduced an American style education for all its
academic programs, extra care has been given to recruit North American trained or experienced
faculty and administrative staff. Key positions such as President, Vice Presidents, Deans, Chairs,
directors of academic programs etc are held by mostly North American trained professionals. In
16
addition, a majority of the international faculty are either qualified American citizens or are educated
in the USA and Canada. These are documented in 2005-2007 KIMEP Catalog.
As a testimony to its commitment to developing an American style of education with quality control,
KIMEP has developed its administrative structures, student support systems, education policies and
procedures, the Faculty Code of Practice, Tenure and Promotion system, bylaws for Board of Trustees,
KIMEP and College Councils by drawing directly on higher education practice in the USA.
KIMEP regularly receives visiting faculty from international organizations such as Fulbright, the USA
State Department, Princeton-in-Asia, Civic Education Project (CEP), DAAD (Germany) and TACIS of
the European Union. In the years 2000-2006, KIMEP received around 40 visiting faculty members,
most of them with terminal degrees from these organizations. These faculty members were involved
in teaching, research and development of academic programs at KIMEP.
In the 2004-2005 academic year, around 20 new faculty members with PhD degrees, many from the
USA joined the professorial ranks of KIMEP. In Fall 2006, 19 faculty with PhDs from western countries
joined KIMEP. It is planned that about 20 additional PhDs will join KIMEP in Fall of 2007. KIMEP has a
target of making its PhD ratio approximately 60% of all faculty, which it aims to achieve by Fall 2007.
Requirement 17.
Devotes all, or substantially all, of its gross income to the support of its educational
purposes and programs.
KIMEP devotes all of its gross income to the support of its function as an institution of higher
education. Approximately 55% of income is directed toward staff payroll, while the remainder is
devoted to such indirect academic support activities as administration/marketing (20%) and capital
expenditures focused on facility improvement (24%) as shown in Figure 9 which gives figures for
academic year 2006-7.
Figure 9 - 2006/7 Budget Elements
(figures in $1000s)
Other Expenditure
Capital expenditure
Expenditure
Payroll
Scholarships
Other Income
Income
Tuition fees
0
2000
4000
6000
8000
10000
12000
14000
16000
Requirement 18.
Documents a funding base, financial resources, and plans for financial development
adequate to carry out its stated purposes.
KIMEP is a self-sustaining, debt free institution that supports itself from its revenues. Funding is
derived from six sources:

Student tuition fees

Corporate support and donations

Executive training programs

Support from donors such as the Soros Foundation, USAID, TACIS of the EU, Eurasia
Foundation etc

Investment by founding President Chan Young Bang

Rental incomes
17
To illustrate this, and to document a funding base and available financial resources, the academic
years from Fall 2002 to Spring 2006 can be viewed as recent examples. Figure 10 provides the
Academic Year funding bases for KIMEP for 2002-2003 to 2006-2007.
Figure 10: KIMEP Academic Year Funding Bases 2002-3 to 2006-7(US Dollars)
2002-2003
Tuition Fees
2003-2004
2004-2005
2005-2006
2006-2007
5593714
6809525
8855560
12517164
16553000
Donor and Corporate Support*
180126
227077
241556
354004
190000
Rental and other Revenue
327247
392217
350000
524633
644500
Investment by Dr.Bang
400000
700000
0
0
0
6501086,31 8128818,86
Source: KIMEP Accounting Department
9447115,59
13395800,61 17387500,00
Note: All dollar figures rounded to the nearest 1,000
* Donor and Corporate Support provided by USAID, Soros Foundation, Eurasia Foundation, Exxon Mobil, LG,
Procter and Gamble and others.
As can be seen in Figure 10, KIMEP receives sizeable funding from tuition (including student-paid
tuition, as well as corporate trilateral contracts and scholarships), institutional support from corporate
donors, corporate grants for faculty, rent, and individual investment by Dr. Bang, KIMEP’s President.
Figure 11 shows the total KIMEP annual (academic year) budget from AY 2001-2002 through 20062007. As can be clearly seen, KIMEP’s total annual budget has seen significant and consistent
increases over the past four academic years.
Figure 11: KIMEP Budget 2001-2 to 2006-7, Million US Dollars
17,38
18
16
14,04
14
12
9,45
10
7,46
8
6
6,14
4,23
4
2
0
2001-2
2002-3
2003-4
2004-5
2005-6
2006-7
Source: KIMEP Budget and Finance Committee
KIMEP has also implemented a number of plans for financial development.

The first of these is a plan to increase student tuition by 18 percent for academic year 2007-8
and enrollment resulting in a significant increase in annual revenue ($3.3 millions if using AY
2006-2007 as an example).

A second thrust for future financial development includes plans to cultivate alumni support.
Alumni giving is a major source of funding for universities in the U.S., and remains an
underutilized potential financial resource for KIMEP.

A third plan for financial development involves the further development of the Business
Advisory Council which is composed of prominent business individuals. This council has
increased KIMEP’s connections with outside businesses, and, combined with an intensified
fundraising effort, is expected to generate additional donated revenue in the coming academic
years.

The fourth major direction for KIMEP’s financial planning revolves around expanding current
executive training programs. The Executive MBA program targets top corporate executives.
Numerous professional development business certificates are offered. KIMEP currently has an
18
executive training program that generates around $250,000 annually. Executive training
remains a promising market, and KIMEP plans to expand its executive training offerings. This
expansion, in the near future, is expected to increase revenue from executive training
programs significantly.
KIMEP is also in the process of further developing its financial forecasting capacity. The KIMEP
Strategy Committee has adopted a model to accurately forecast the sustainable development of the
institution to 2010. This will shape future financial planning in the Institute and is aimed at ensuring,
amongst other factors:

Continuing improvements in the quality of education offered;

Ensuring adequate funds for future capital investment and contingencies;

Capping the growth of KIMEP to around 4,900 students registered by 2009-10.
An early version of the forecast has produced promising results, as Figure 12 demonstrates.
Figure 12: KIMEP: Income, Costs and Surplus, 2004-5 to 2009-10 (USD)
35
31,4
29,56
30
26,35
25
20
17,3816,95
15
10
25
22,5
21,59
13,81
12,99
9,4 9,4
5
0
0,01
2004-5
0,82
0,91
0,43
2005-6
2006-7
Total Income
2007-8
Total Costs
1,35
2008-9
1,84
2009-10
Surplus
Source: KIMEP Strategy Committee
2007-8 to 2009-10 figures projected.
Requirement 19.
Has financial records that relate clearly to the institution’s educational activities and has
these records externally audited on a regular schedule; if auditing procedures differ from
those generally used in the United States, provides financial records reconciled to
accounting practices common to American higher education.
All KIMEP financial records and statements are audited annually by an independent Certified Public
Accountant. Audit documents from 2001 are documents of public record. Each year, the accounts are
published in the mass media and on the KIMEP website and are available to any party on request.
Requirement 20.
Has graduated at least one class in its principal educational programs before the
Commission’s evaluation for accredited status. If the institution has graduated its first class
not more than one year before the Commission’s evaluation, the effective date of
accreditation will be the date of graduation of that first class.
KIMEP graduated its first class of students in 1994. As can be seen in Figure 13, the number of
annual graduates from KIMEP stabilized at around 200 1997-2002, with major expansion since 2003.
The 1994 graduating class (81 students) consisted of 69 graduates of KIMEP’s Master of Business
Administration (MBA) program and 12 graduates of the Master of Arts (MA) in Economics program.
The 2006 graduating class (468 students) is indicative of substantive enrollment increases from 1992,
as well as the expansion of programmatic offerings. In 2006 there was the following division of
graduated students:

BSc-195 students

BSS-41 students
19








BAE-36 students
BAIJ-2 students
MBA-105 students
MA-19 students
MPA-18 students
MIR-10 students
MAIJMC- 13 students
ExMBA- 29 students
Figure 13: KIMEP Graduates, 1994-2006
600
532
522
497
500
468
400
300
196
200
100
191
209
182
194
189
147
81
97
0
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Source: Office of the Registrar, KIMEP