The Federal State-Funded Educational Institution of Higher Education "Financial University under the Government of the Russian Federation" is one of the oldest Russian higher education institutions where financial experts, financial law experts, economists, IT experts, mathematicians, sociologists, and political scientists are trained.
Among the Financial University graduates are V. S. Pavlov, Chairman of the Government of the USSR; A. G. Zverev, I. I. Fadeev, I. N. Lazarev, V. E. Orlov, V. G. Panskov, B. G. Fedorov, Ministers of Finance of the USSR, Russian Soviet Federative Socialist Republic, and the Russian Federation; N. K. Sokolov, N. V. Garetovsky, V. V. Gerashchenko, Chairpersons of the Central Bank of the USSR and Russia; A. I. Akimov, Chairman of the Board of Gazprombank OAO; V. A. Dmitriev, Chairman of the State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)”; N. A. Zhuravlev, Deputy Chairman of the Federation Council Committee for the Budget and Financial Markets; A. V. Drozdov, Chairman of the Board of the Pension Fund of Russia; B. I. Zlatkis, Deputy Chairperson of the Board of Sberbank of the Russian Federation; R. V. Kopin, Governor, Chairman of the Government of the Chukot Autonomous Area; L. V. Kuznetsov, Minister of North Caucasus Affairs; N. S. Maksimova, State Duma Deputy, member of the United Russia Party faction, member of the Accounts Commission of the State Duma, Deputy Head of the State Duma Budget and Tax Committee; M. E. Ogloblina, Adviser to the Governor of the Moscow Region; E. V. Panina, State Duma Deputy, member of the United Russia Party faction, member of the State Duma Committee for Economic Policy, Innovative Development and Entrepreneurship; M. D. Prokhorov, businessman; A. V. Krutov, State Duma Deputy; D. A. Svishchev, State Duma Deputy, Chairman of the State Duma Committee for Physical Culture, Sports and Youth Affairs; A.G. Siluanov, Minister of Finance of the Russian Federation; A. G. Khloponin, Deputy Chairman of the Government of the Russian Federation; V. E. Chistova, Deputy Chairperson of the Accounts Chamber; Nguyễn Công Nghiep, Deputy Minister of Finance of the Republic of Vietnam; Cheng Wei, Rector of the Liaoning University (Shenyang), and others.
The University has come a long way. It has evolved from an institute and a finance and banking specialist training academy into a major research and education center. Today it incorporates 14 faculties based in Moscow and 6 faculties based in the University Branches, 60 teaching departments, 3 further education departments, 10 collaborative provision departments formed in cooperation with the employers and 86 departments based in the University Branches, 10 institutes, including the Institute of Correspondence Studies and Open Education, Institute for Development Projects, Institute of Short-Term Programs, 4 Institutes offering further education programs, 3 research institutes, 3 higher schools, 4 research and educational centers, 2 educational research laboratories and 2 educational laboratories and 2 colleges. There are 29 University Branches (incl. 14 Branches that offer higher education programs, 4 Branches that offer higher education programs and post-secondary training programs, and 11 Branches that offer post-secondary training programs).
The University total annual enrolment (as at the beginning of the 2015\2016 academic year) is 51,579 students (incl. 23,712 students who study in face-to-face mode, 567 students who study in off-campus/on-campus study mode, and 27,300 students of correspondence study departments). There are 38,250 students of bachelor, master and specialist degree programs (incl. 3,839 students of specialist degree programs, 31,427 students of bachelor degree programs, 2,984 students of master degree programs) and 13,329 students of post-secondary training programs.
The Financial University is one of the leading Russian higher education institutions. It has on offer 12 bachelor degree programs with 28 concentrations; 11 master degree programs with more than 50 concentrations; 9 post-secondary training programs, 10 МВА programs and 108 advanced training and professional development programs.
The competition for the student places at the University is fairly fierce as the University ensures high quality of provision and the University graduates have good employment prospects and career development opportunities after graduation.
The Financial University has implemented and is improving the training scheme based upon availability of various learning paths in and modes of continuous education. The system includes post-secondary training programs, as well as bachelor, master and specialist degree programs.
The quality of provision offered by the University is widely recognized and is due to the highly qualified teaching staff employed. As at 1 January 2016, there are 1,545 teaching staff members who are based in Moscow, including 1,214 holders of academic degrees. The number includes 340 Doctors of Sciences and 874 holders of PhD degrees. There are 815 teaching staff members who have academic titles (incl. 237 Professors, 560 Associate Professors, and 18 Senior Research Fellows).
New Learning Technologies
The University has started introducing such ‘Bologna Process-induced’ learning modes and methods into the learning process as module-based curricula models (that should replace linear curricula models), mobile learning groups, and a tutoring system. The visiting professors and experts offer their lectures (incl. the lectures in English given by the professors from overseas universities). The student ranking system has been improved. New teaching techniques are used (case studies, business games and role playing-based strategies, problem-solving tasks, etc.); e-books and teaching aids, CDs, multimedia technology-based programs (training firms (a program in accounting, a program in insurance)) are used, e-libraries are formed at various departments, a virtual laboratory at the Department of Financial Management is operational; computer testing technologies are used for testing.
ICT-based system is used in distance learning mode when training students of advanced training programs.
Library and Information Facility
Today the University Library and Information Facility includes 9 libraries based in Moscow and 32 libraries based in the University Branches located in the Russian regions. The number of items in non-e-format is 2,852,054.Those items include research materials, manuals, books in foreign language, theses, periodicals, fiction, rare books on economics. There are 547 PCs in the Library. The Library local area network is integrated into the University communications network. There is a collection of e-resources in the Library that supports the teaching process and the research process. In 2014, there were 59 databases that contained more than 150 mln. documents in the e-resources collection. The users can use the University IPs to gain access to the databases or can gain a remote access to them. The University E-Library was formed in 2015. It contains monographs, teaching and methodological materials, summaries of theses, articles published in journals and other materials published by the University Publishing House.
The University staff continued developing research and consulting projects in 2015. The teaching and research department development is in progress.
The budget-funded programs and projects implemented according to the orders of the Government of the Russian Federation are on top of the University research priorities list.
This year, 110 government-funded research projects were implemented, with the amount of funds exceeding 197 mln. Rubles. 54 departments (incl. the departments based at the Omsk, Penza and Chelyabinsk University Branches), 13 research departments, the Directorate for Innovative Development and the Center for Personnel Development and Planning, approximately 370 teaching staff members and researchers and more than 80 undergraduate and postgraduate students took part in the research work within the framework of the above projects. Joint teams of researchers participated in the work when implementing 13 of the above projects. The researchers presented their reports to an expert commission and representatives of the Staff of the Government of the Russian Federation. In 2015, 67 research projects were implemented in accordance with the orders made by the Government of the Russian Federation. The total amount of funds allocated was 200 mln. Rubles. About 600 people took part in the research work, incl. 296 teaching staff members, 68 researchers, 58 postgraduate students and doctoral program students, 112 bachelor and master degree program students.
Cooperation with the international partners is an integral part of the University operations.
The Financial University international partners include:
- Research centers, universities and other HEIs;
- Insurance Expert and Banker Training Centers;
- Business Schools;
- Education Institution and Program Certification and Accreditation Centers, International Examination Centers that issue internationally recognized certificates;
- Banks, insurance companies, audit companies, product manufacturers;
- Overseas research foundations.
The University proactively cooperates with the partners from such countries as Austria, Bulgaria, UK, Germany, Spain, Italy, China, the Netherlands, USA and France.
The number of the University overseas partners has increased recently. The University had 30 international partners representing 18 countries in 1994, and today the University has close ties with 120 partner organizations, education institutions, research centers, financial institutions and banks from 50 countries of the world.
Over 300 international partner delegations came on a visit to the Financial University during the last 5 years. There were more than 800 international visitors in total. About 700 teaching staff members and administrative staff members went abroad on business trips during the same period.
There are 5 bachelor double degree programs on offer developed in cooperation with the following partners:
- University of Northumbria at Newcastle (UK)
- University of Portsmouth (Portsmouth, UK)
- University of London (UK) International Programs
- Bloomsburg University of Pennsylvania (Bloomsburg, USA)
- Ecole Supérieure de Commerce (Graduate School of Management) (Troyes, Champagne-Ardenne, France)
There are 8 master double degree programs on offer developed in cooperation with the following partners:
- University of Glasgow (Glasgow, UK)
- University of Birmingham (Birmingham, UK)
- Dublin Institute of Technology (Dublin, Ireland)
- Banking Institute/Higher School (Prague, Czech Republic)
- EMLYON Business School (Lyon, France)
- Business School, Ecole Supérieure de Commerce (Graduate School of Management) (Troyes, Champagne-Ardenne, France)
- École Nationale d'Assurances (National School of Insurance) (Paris, France)
- Conservatoire National des Arts et Métiers (Cnam) (Paris, France)
There are 42 student exchange programs organized in cooperation with the following universities:
- University of Vienna (Vienna, Austria)
- Bremen University of Applied Sciences (Bremen, Germany)
- University of Cologne (Cologne, Germany)
- University of Potsdam (Potsdam, Germany)
- Otto Beisheim Higher School of Management (Koblenz, Germany)
- Frankfurt School of Finance and Management (Frankfurt on the Main, Germany)
- University of Bari Aldo Moro (Bari, Italy)
- University of Perugia and the University of Salento (Lecce, Italy)
- University of Alcalá (Alcalá de Henares, Spain)
- King Juan Carlos University (Madrid, Spain)
- University of Cadiz (Cadiz, Spain)
- Complutense University of Madrid (Madrid, Spain)
- Jacksonville University (Jacksonville, USA)
- The University of Western Ontario (London, Ontario, Canada)
- Liaoning University (Shenyang, China)
- University of International Business and Economics (Beijing, China)
- Central University of Finance and Economics (Beijing, China)
- University of St. Gallen (St. Gallen, Switzerland)
- Jean Moulin - Lyon 3 University (Lyon, France)
- Toulouse 1 University Capitole (Toulouse, France)
- Conservatoire National des Arts et Métiers (Cnam) (Paris, France)
- London Metropolitan University (UK)
- Anglia Ruskin University (UK)
- University of Derby (UK)
- Pforzheim University (Hochschule Pforzheim) (Germany)
- John Cabot University (Rome, Italy)
- Roma Tre University (Universitá degli Studi Roma Tre) (Italy)
- Polytechnic University of Milan (Italy)
- Higher School of Management at Angers (ESSCA) (with campuses located in Paris, Budapest and Shanghai) (France)
- Groupe ESC Clermont Graduate School of Management (France)
- Paris Diderot University - Paris 7 (France)
- Toulouse Business School – Groupe ESC Toulouse (France)
- EMLYON Business School (Lyon, France)
- The University of the South, Toulon-Var (France)
- The University of Nice Sophia Antipolis (France)
- University Institute of Lisbon (ISCTE-IUL) (Portugal)
- Kanagawa University (Japan)
- Surrey International Institute – Dongbei University of Finance and Economics (SII-DUFE) (China)
- Institute for Advanced Studies (Austria)
- The Neapolis University Cyprus in Pafos (Cyprus)
- Maria Curie-Skłodowska University in Lublin (Poland)
- Adam Mickiewicz University in Poznań (Poland)
There are 2 international МВА programs organized in cooperation with the following Universities:
- Frankfurt School of Management and Finance (Frankfurt on the Maine, Germany);
- International Academy of Business (Alma-Ata, Kazakhstan).
Import of Educational Services
During the past 2 years the renowned economists, civil servants, policy makers and representatives of the business community came to the Financial University to offer a lecture or a series of lectures to the University students.
There were the following persons among the visiting lecturers:
- Christopher Antoniou Pissarides, holder of the Nobel Prize in economics (2010);
- Thomas J. . Sargent , winner of the Nobel Prize for economics , Princeton professor and New York Universities;
- Qazi Ahmad Holiguzzamana, Nobel laureate;
- Pablo Herrero, Universidad de Buenos Aires;
- Muhammad Yunus, a Nobel Peace Prize winner;
- Grzegorz Witold Kołodko, a renowned Polish politician and scholar;
- Herta Däubler-Gmelin, former member of Bundestag, Chairman of the Committee for Human Rights and Humanitarian Aid;
- Martin Hagen, President of the Institute of Chartered Accountants in England and Wales (ICAEW);
- Manfred Weber, Chief Executive Officer at the Association of German Banks;
- P. Ostling, Director General and CEO at the Kungur Oilfield Equipment and Services;
- Ichak Kalderon Adizes and L. Dore, renowned American scholars;
- P. Schmidt, D. Haase, and A. Pohl, renowned German scholars;
- R. Frehner, a Swiss banker;
- D. Townsend, practicing British auditor and prominent expert in international financial reporting standards;
- Jesús Huerta de Soto, Professor at the King Juan Carlos University (Madrid, Spain);
- Edouard-François de Lencquesaing, Professor, Advisor to the Government of France, Managing Director, European Institute of Financial Regulation (EIFR) (France);
- István Lengyel, Secretary-General, Banking Association for Central and Eastern Europe (BACEE);
- Aydın Adnan Sezgin, Extraordinary and Plenipotentiary Ambassador of Turkey to the Russian Federation; Frank Cohen, President of SAP EMEA;
- Celia Correa, Head of the Federal Budget Secretariat at the Ministry of Planning, Budget and Management (MPOG) (Brazil); and some others.