The editorial board of financial and economic journal Forbes, one of the most famous and authoritative world journals prepared the third ranking of Russian universities. Pyatigorsk State University was the only university in the North Caucasus Federal District to enter the top-100 best educational facilities.

It is worth noting, that Forbes put a task not only to estimate the quality of Russian education but also to find out which universities can train experts with entrepreneurial drive, and who are likely to enter the Forbes list and become a part of the Russian elite.

Forbes experts estimate universities by using the monitoring of the universities' efficiency, which is annually provided by the Ministry of Science and Higher Education. This year, the experts have been using the following factors while making the list: quality of lecturers, the biggest enterprises demand in the graduates and universities’ presence in the leading foreign rankings (QS World University Rankings and Times Higher Education). Forbes adds its estimations of lecturers’ salary, number of foreign lecturers and students, a ratio of lecturers and students, as well as foreign internships and joint programs with foreign universities. Forbes ranking also considers average Uniform Exam points of the freshers and reputation with employers.