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Campus - 21.09.2026 - 08:00 

Graduation ceremony; growth and hope

On Friday, 18 September 2026, 64 PhD graduates received their doctoral certificates at the University of St.Gallen. President Manuel Ammann spoke about growth and the patience required to achieve it. Labour researcher Dr Hans Rusinek looked ahead to a future that cannot be planned and to hope as a skill that can be learnt.

Doctoral degrees were awarded to 64 doctoral graduates in the following subjects:  

  • 30 in Business Administration,  
  • 8 in Economics and Finance,  
  • 2 in Economics and Econometrics,  
  • 4 in Finance,  
  • 8 in Social Sciences,  
  • 4 in Political Science,  
  • 3 in Legal Studies,  
  • 5 in Computer Science. 

Four award winners 

During the autumn semester, several prizes are also awarded at the doctoral graduation ceremony:  

  • The ‘Amicitia Prize’ for the best doctoral thesis in the Economic Sciences went to Dr Jonas Görgen
    (‘Three Essays on Consumer-Technology Relations: Assessment, Autonomy, and Singular Consumption’) 
  • The Prize of the PhD Programme in Economics, Econometrics and Finance (GPEF) for the best doctoral thesis was awarded to Nora Bearth.
    ("Essays in Causal Inference")
  • The GPEF Prize 2026 Finance was awarded to Niclas Käfer.
    ("Essays on Equity Options")
  • The ‘Rudolf Mäder Prize’ is awarded for the best doctoral degree in law or political science. The prize was awarded to Dr Cecilia Ivardi Ganapini. She also received a second award, the School of Economics and Political Science (SEPS) Prize for the best doctoral thesis in the Doctorate in International Affairs and Political Economy (DIA). 
    (“The Knowledge Economy and Skills Ecosystems: A Discursive-Historical Theory of Institutional Change”) 

A full auditorium – a day to celebrate

President Manuel Ammann delivering his address

Keynote speaker and HSG labour researcher Hans Rusinek

The four prize-winners (from left to right): Jonas Görgen, Cecilia Ivardi Ganapini, Nora Bearth and Niclas Robin Käfer

Hans-Joachim Knopf at the piano

PhD and happy

Joy is the title

Doctors for life

Growth takes patience  

“Anyone who sows a seed in the earth needs patience,” said President Manuel Ammann at the start of his address. At first, nothing seems to happen. Beneath the ground, the seed germinates, forms roots and thereby lays the foundation for future growth. Only when the trunk, branches and leaves become visible does what had previously been hidden come to light. 

A doctorate, too, develops in many small steps. Thoughts become research questions; questions become research projects; and these, in turn, yield new insights. ‘Today you are receiving your doctoral degree certificate as a tangible result of your efforts over the past few years,’ said Ammann. During this time, the doctoral graduates have grown themselves – ‘intellectually, professionally and personally’.  

The task now is to pass on this knowledge. ‘You have learnt to combine scientific insights from your field of specialism with economic thinking. This is precisely what gives rise to innovation,’ said Ammann. Innovation, in turn, should ensure qualitative growth and enable good living conditions. Ammann cited healthcare as an example: medical treatments that were not available even to the wealthiest a hundred years ago are now accessible to everyone. “Qualitative growth therefore does not simply mean ‘more’, but ‘better’.” 

Hope as a craft 

HSG labour researcher Dr Hans Rusinek spoke in his keynote address about how we deal with a future that is becoming increasingly difficult to plan for. Those who study at a university are trained to question their own assumptions, to put statements into perspective and to reveal the limits of their own knowledge. And then the university awards one a degree, which seemingly tells society: ‘Yes, this person knows something.’ Rusinek called this ‘one of the more elegant misunderstandings of the academic world’. For perhaps the most important insight gained from a doctorate lies not in how much one knows, but in ‘how one proceeds when one does not know something’. 

Hope, too, begins where certainty is lacking. It should not be equated with optimism. “Optimism says: ‘It will turn out good.’ Hope says something else: ‘I don’t know how it will turn out. But there is something worth working towards.’” 

Rusinek set the new PhD graduates three questions to ponder: 

  • Can I do it? To continue developing one’s own knowledge and skills – and to be prepared to venture into areas where, once again, one knows the least. 
  • Do I want to do it? Not just to work efficiently towards a goal, but to keep asking oneself what actually makes one’s work worthwhile. 
  • Can I make it happen? Anyone who later takes on responsibility and gains influence should also give others the space to try things out, to learn and to act independently. 

Hope, therefore, is not a feeling one must carry with them, said Rusinek, but a craft: one that can be learnt and made possible for others. 


Images: Foto Lautenschlager GmbH 

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