The Ukrainian Graduate Market & Personal Capital

posted Feb 3, 2016, 4:10 AM by Oleksiy Fesenko   [ updated Feb 3, 2019, 10:21 AM ]

Assessment of Personal Capital in Ukrainian Graduate Market: Soft Currencies Hard Currencies, the Global Integration Currencies.

1) Soft Currencies: Equivalence of the Ukrainian Diploma to the U.S. and the UK standards.

The Employer’s HR department can take into consideration the hard and the soft skills of the applicant.

The soft skills usually associated with the grades on a transcript and the caliber of the University.

The hard skills include the extracurricular work and the practical skills of the applicants.

Diploma Bakalayra: The Ukrainian Bachelor’s degree can be equivalent to a bachelor's degree in the United States. The Ukrainian education system issues the bachelor's diploma after 4-6 years of study (6 years in medicine).

Diploma Specialista: The Diploma of Specialist is equivalent to a master’s degree in the U.S.: the Universities in Ukraine award Diploma of Specialist after 5 - 6 years of study.

The AACRAO suggest the following equivalence in grades:


5 (excellent in Ukraine) is equivalent to 'A' or GPA of 4.00 in the U.S.A.

4 (good in Ukraine) is equivalent to 'B' or GPA of 3.00 in the U.S.A.

3 (satisfactory in Ukraine) is equivalent to 'C' or 2.00 in the U.S.A.


5 (excellent in Ukraine) is equivalent to 70-100 at undergraduate level

4 (good in Ukraine) is equivalent to  50-69 at undergraduate level

3 (satisfactory in Ukraine) is equivalent to 40-49 at undergraduate level


5 (excellent in Ukraine) is equivalent to 70-100 at graduate level

4 (good in Ukraine) is equivalent to  60-69 at graduate level

3 (satisfactory in Ukraine) is equivalent to 50-59 at graduate level

Although the academic institutions commonly quote this information on the net, the source of this information is AACRAO Electronic Database for Global Education (EDGE).

Necessary to note that the level of corruption in Ukrainian Educational System is between high and very high: common plagiarism, a small relevance of research.

2) Hard Currencies

According to Paul Greenbank (2015), the hard currencies include the extracurricular activities such as coursework, volunteering, sporting, green initiatives, the cultural activities, etc. As the example of such skills can serve the vision of Thomas Edison - the inventor of the electric bulb. Edison did not receive the formal education; instead, he developed a vision inspired by his work and made more than 1000 inventions.

3) Global Integration Currency

The global integration currency consists of the rating of the University, and language of instruction, which should be English.

1) World University Rankings 2015-2016 

601-800    Taras Shevchenko National University of Kyiv

601-800    V.N. Karazin Kharkiv National University

2) The language of instruction in Ukrainian schools and University is English with a slight exception of Foreign Languages Teachers Training Universities and some Language Gymnasiums/Schools.



As a result, by investing in the human resource in Ukraine, you will never know the real value of a graduate: unpredictable hard currencies not apparent desires, limited ability to connect with the national businesses, and little ability to understand the Western Requirements (Chart 1). 

Chart 1_Structure of the Personal Capital of the Ukrainian Graduates

At the best, the choice of the Ukrainian graduates is limited to the option of the ‘executives’ (Chart 2) – the good grades, an average level of extracurricular work and the small level of the global integration currencies. 

Chart 2 Assessment of Personal Capital in Ukrainian Graduate Market

    The Ukrainian labour market can not offer the good International executive managers, leaders, visionaries between the short and the long-term perspective. The main problem is in the language of instruction, plagiarism and the low quality of education in general.


Greenbank, P. (2015) "Still focusing on the “essential 2:1”: exploring student attitudes to extra-          curricular activities", Education + Training, Vol. 57 Iss: 2, pp.184 – 203

Rao, M.S. (2013),"Blend hard and soft skills to fast-track a management career", Human Resource   Management International Digest, Vol. 21 Iss 7 pp. 3 - 4