This work looks at major changes in Russian higher education, especially business education, and their outcomes, following the fall of the Soviet Union. This study explores the considerable changes that have taken place in business education as Russia has adapted to the needs of a world economy. While most historians focused on the major issues that had concerned Western observers for decades including nuclear proliferation, the emergence of democracy and the fate of the ruble, this work looks at the changes that took place in business education. These developments are bringing about fundamental changes. The work also demonstrates that Russian women have shown themselves more adaptable in embracing Western educational and business practices than men.