Financial University under the Government of the Russian Federation
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Other name | FinU, FinUniversity, or literally Financial University |
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Former names | Moscow Institute of Economics and Finance, Moscow Finance Institute, State Finance Academy, Finance Academy under the Government of the Russian Federation |
Motto | Ценим прошлое, но основываясь на достигнутом, строим будущее! (Russian) |
Motto in English | We appreciate the past, we look at what we've achieved, and we build the future! |
Type | Public |
Established | 1919 |
Endowment | 268 million RUB (2017) [1] |
President | Mikhail Eskindarov |
Rector | Stanislav Prokofiev[2] |
Academic staff | 2,999[3] |
Students | 45,666 (fall 2020)[4] |
Undergraduates | 29,494 (fall 2020)[4] |
Postgraduates | 4,192 (fall 2020)[4] |
340 | |
Address | Leningradsky Prospekt 49 , Moscow , Russia 55°48′01″N 37°31′44″E / 55.8003°N 37.5289°E |
Colors | Dark Turquoise[5] |
Website | fa.ru |
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University rankings | |
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Global – Overall | |
QS World[6] | 1,001-1,2000 (2023) |
Regional – Overall | |
QS Emerging Europe and Central Asia[7] | 140 (2022) |
Financial University under the Government of the Russian Federation (FinU or Financial University; Russian: Финансовый университет при Правительстве Российской Федерации) is a public university located in Moscow, Russia. It was considered among top five universities in Russia in 2010 according to Forbes[8] and RBC[9] as well as one of the oldest Russian universities preparing economists, financiers, philosophers, bankers and financial lawyers.[10]
FinU had several bygone names:
- Moscow Institute of Economics and Finance (1919–1946)
- Moscow Finance Institute (1946–1990)
- State Finance Academy (1991–1992)
- Finance Academy under the Government of the Russian Federation (1992–2010)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/a/a1/Finuniver_mainbuilding.jpg/220px-Finuniver_mainbuilding.jpg)
Financial University consists of eight faculties, 40 departments, three institutes, two high schools, two research institutes, eight centers, two training – science laboratories, a network of regional offices – 11 branches and four offices open in seven regions of Russia.
History
[edit]History of Financial University started in December 1918 when the People's Finance Commissar decided to create a specialized financial institution of higher education – the first in the history of Russia – Moscow Institute of Economics and Finance. It was opened on 2 March 1919, and its first rector was Dmitry Bogolepov – the Moscow State University graduate, the Deputy People's Finance Commissar of RSFSR. In September 1946, the institute was consolidated with Moscow Credit-Economic Institute training students since 1931. As a result of merger of these two institutions of higher education Moscow Finance Institute was formed, with Nikolai Rovinsky as its rector. It began with two thousand students and four faculties: Finance, Economic, Accounting, Credit, Monetary Economics, International Economic Relations. The Military Department opened later, in 1947.[11]
In 1991, Moscow Finance Institute was renamed to "State Finance Academy" and in 1992 Russian President Boris Yeltsin changed its name to the "Finance Academy under the Government of Russian Federation" giving a governmental status to the institution.[11] In 2009, the Finance Academy celebrated 90 years of its history.[citation needed]
On 14 July 2010, the Russian Government approved a new Charter for the institution changing its name from the "Finance Academy" into the "Finance University" and made it an official consultative body to the government.[12]
On 4 March 2011, KPMG opened its own department at the university to enhance cooperation based on lectures and practical activities covering audit, International Financial Reporting Standards, taxation and corporate finance.[13]
In 2011–2012 Financial University finished acquisition of three higher education institutions in Russia: State University of the Russian Ministry of Finance, Tax Academy of the Russian Federation, All-Russian Distance Institute of Finance .[citation needed]
Departments and faculties
[edit]The system of higher education established at Finance University includes:
- a pre-university specialised programme to prepare school pupils for entrance to the university
- university programmes (bachelor's degree – certified specialist's degree – master's degree)
- post-graduate and doctorate studies
- second professional higher education in finance and economics
- short-term professional retraining and skill development
- MBA, EMBA, DBA, and MPA programmes[citation needed]
Faculties
[edit]- Higher School of Management
- School of Economics and Business
- School of Finance
- School of Information Technologies and Big Data Analysis
- School of International Economics Relations
- School of Law
- School of Social Science and Mass Communications
- School of Taxes, Audit, and Business Analysis
Departments
[edit]- Accounting in Business Companies
- Administrative and Data Protection Law
- Applied Mathematics
- Applied Political Science
- Applied Social Science
- Audit and Control
- Accounting in Financial and Not-for-Profit Institutions
- Banks and Bank Management
- Business Informatics
- Civil Law
- Computer Science and Programming
- Corporate Governance
- Corporate Finance
- Financial Management
- General Political Science
- Insurance Business
- Investment and Innovations
- Macroeconomics
- Managerial Accounting
- Mathematics
- Macroeconomic Regulation
- Economic Analysis
- Probability Theory and Mathematical Statistics
- Property Valuation and Management
- Public Administration and Municipal Management
- Public Financial Control and Treasury
- Risk Analysis and Economic Security
- Tax Consulting
- Tax Law
- Taxes and Taxation
- Theory of Finance
- Human Resource Management
- Information Security
- Theory and History of State and Law
- Civil and Arbitration Procedure
- Constitutional and Municipal Law
- Criminal Law and Criminal Procedure
- Emergency Management
- Entrepreneurial Law
- Marketing and Logistics
- Microeconomics
- Systematic Economic Analysis
- Statistics
- Applied Psychology
- Foreign Languages
- Philosophy
- Russian Language
- Ernst & Young Department
- KPMG Department[citation needed]
Academics
[edit]Admissions
[edit]Admission requirements are among the highest in Russia. In 2009 Finance University received 80 applications per one budget place. According to the research published by State University – Higher School of Economics, successful applicant of the year 2009 required to have on average 85 points of the Unified State Examination score in each subject in order to enter the course.[14]
Research profile
[edit]Finance University carries out research activities. These include both fundamental and applied research in the areas of finance, money circulation and credit, insurance, accounting and audit, business evaluation, international monetary relations; research done for post doctoral and PhD dissertations; development of expert-and-analytical materials requested by the bodies of legislative and executive power; organisation of scientific events (conferences, seminars, "roundtables", etc.).[15]
Reputation and rankings
[edit]It was ranked between # 1,001 and 1,200 globally in 2023 in the QS World University Rankings.[6] Based on the average score of the Unified State Examination in 2010, the university was ranked number 5 overall out of 476 Russian institutions of higher education and number 3 among institutions specializing in social sciences.[16] Integrated ranking of the Russian journal "Finance" put the Financial University as the best higher institution for economics and finance in 2010.[17] The university became the competition winner "Golden Medal "European Quality" in the category of "100 Best Institutions of Higher Education in Russia". Furthermore, according to the ranking of Huazhong University of Science and Technology, the Finance University is placed third among top 100 Russia's institutions of higher education. The Financial University was also ranked among 32 best business schools in the world (1st in Russia and 16th in Europe) in 2013 by the "Ranking Web of World Business Schools".[18]
2013 | 2012 | 2011 | 2010 | 2009 | |
---|---|---|---|---|---|
Ria Novosti / HSE – EGE General | 10th[19] | 14th[20] | 6th[21] | 5th[22] | 3rd[23] |
Expert RA – General | 12th[24] | 14th[25] | - | - | - |
Ria Novosti / HSE – EGE Social Sciences | 4th[26] | 6th[27] | 5th[28] | 3rd[29] | 1st[23] |
Academic Publishing
[edit]Review of Business and Economics Studies
[edit]Review of Business and Economics Studies (also known as RoBES) is a quarterly peer-reviewed academic journal covering economics and business. It was established in 2013. It is published by Financial University under the Government of the Russian Federation.
Aim and scope
[edit]The Review of Business and Economics Studies aims to select topics in economics and business science that are of interest for decision-makers in business and government, and connect business and state authorities to academia by delivering deep insights.[30] The Review of Business and Economics Studies defines its scope as covering significant developments in economics and business including macroeconomics, microeconomics, international economics, international finance, international trade, industrial organization, labour economics, political economy, monetary theory, fiscal policy and socioeconomics.[30]
Abstracting and indexing
[edit]The journal is included in the Russian Science Citation Index – a component of the Scientific Electronic Library ru:eLIBRARY.RU.[31] The journal is abstracted and indexed in: Google Scholar,[32] Research Papers in Economics (RePEc),[33] EconPapers[34] – a service of Research Papers in Economics (RePEc), Scilit,[35] ResearchGate,[36] Scientific Electronic Library Cyberleninka,[37] RoBES is included in the Directory of Open Access Journals.[38] ISSN 2308-944X. eISSN 2587-7089.
Editorial processes
[edit]All submissions undergo a double-blind peer review. The review is carried out by the editorial board members and external experts on behalf of the editorial board. All reviewers must be experts on the subject of the reviewed materials.[39]
Editors-in-Chief
[edit]2023– present: Dr. Pavel S. Seleznev[40][41]
2013-2022: Dr. Alexander I. Ilyinsky ru:Ильинский, Александр Иоильевич[42]
Notable papers
[edit]According to Google Scholar, the following three papers have been cited most frequently:
- Dźwigoł H. Interim Management as a New Approach to the Company Management. Review of Business and Economics Studies. 2020;8(1):20-26.
- Anton K. A structural model of exchange rate dynamics. Review of Business and Economics Studies. 2014(3):86-92.
- Eroshkin S.Y., Kallaur G.Y., Papikian L.M. Lean Construction and BIM: Complementing Each Other for Better Project Management. Review of Business and Economics Studies. 2016;4(4):17-22.
Notable alumni
[edit]Among the graduates are:
Academia
[edit]- Alla Gryaznova – economist, former rector and current president of the Finance University[43]
- Mikhail Eskindarov – President of the Finance University[44]
Business
[edit]- Andrey Akimov – CEO and deputy chairman of board of directors of Gazprombank[45]
- Andrey Bokarev – billionaire, chairman of the board of directors of "Kuzbassrazrezugol" Holding Company[46]
- Andrey Borodin – billionaire, former CEO of the Bank of Moscow[47]
- Andrey Elinson – former Deputy CEO Basic Element, former Managing Partner A1, the Founder of Inweasta[48][49]
- Bella Zlatkis – deputy chairman of management board at Sberbank, former deputy finance minister of Russia[50]
- Gennady Soldatenkov – deputy president and chairman of the management board of VTB Bank[51]
- Kirill Pisarev – billionaire, co-owner of PIK Group[52]
- Mikhail Alekseev – chairman of the management board of UniCredit Bank[53]
- Konstantin Kagalovsky – billionaire, former vice-president of Yukos and Bank Menatep[54]
- Mikhail Gutseriyev – billionaire, former owner and CEO of Russneft[55]
- Mikail Shishkhanov – billionaire, president and CEO of B&N Bank[56]
- Mikhail Prokhorov – self-made billionaire and oligarch, the second richest man in Russia according to Forbes[57]
- Valeriy Novikov – chief operating officer and member of the executive board of Alfa-Bank[58]
- Vasily Titov – first deputy president and chairman of the management board of VTB Bank[59]
- Vladimir Dmitriev – chairman of Vnesheconombank[60]
- Vladimir Golubkov – chief executive officer of Rosbank[61]
Politics
[edit]- Alexey Navalny – politician, political prisoner, investigative blogger, World Fellow at Yale University's "World Fellows Program,[62] Moscow mayor candidate
- Alexander Khloponin – deputy prime minister and presidential plenipotentiary envoy to the North Caucasian Federal District[63]
- Anton Drozdov – chairman of the pension fund of the Russian Federation[64]
- Anton Siluanov – finance minister of the Russian Federation[65]
- Arseny Zverev – finance minister of the Soviet Government in 1938–1948, and 1948–1960[66]
- Boris Fedorov – economist and reformer, former Finance Minister and Deputy Prime Minister of Russia[67]
- Elena Panina – MP, State Duma of the Russian Federation[68]
- Nadezhda Maksimova – MP, State Duma of the Russian Federation[69]
- N.K. Sokolov – chairman of the board of the USSR State Bank in 1940[70]
- N.V. Garetovsky – chairman of the board of the USSR State Bank in 1987–1989[70]
- Sergey Shakhray – deputy prime minister of Russia in 1991–1996, Russian constitution author and chief of staff of the accounts chamber of the Russian Federation[71]
- Sergei Stepashin – chairman of the accounts chamber of the Russian Federation and former Prime Minister of Russia
- Valentin Pavlov – prime minister of the Cabinet of Ministers of the USSR in 1991, minister of finance in 1989–1990 and chairman of the State Committee on Prices in 1986–1989[66]
- Viktor Gerashchenko – banker and former chairman of the Central Bank of Russia and USSR[66]
- Vladimir Panskov – finance minister of the Russian Federation in 1994–1996, auditor of the accounts chamber of the Russian Federation in 1997–2006[72]
- Oksana Lut – economist and politician, Minister of Agriculture of Russia since 2024[73]
Sport
[edit]- Svetlana Feofanova – pole vaulter, world champion and holder of silver and bronze medals in 2004 Summer Olympics and 2008 Summer Olympics
- Nathalie Péchalat – French ice dancer, the 2009 French national champion and the 2009 Grand Prix Final bronze medalist
- Khabib Nurmagomedov –mixed martial artist, former UFC Lightweight champion and a two-time Combat Sambo World Champion.
International cooperation
[edit]![]() | This article needs to be updated.(January 2023) |
Before the 2022 Russian invasion of Ukraine and the cutting of academic cooperation with Russia by a significant part of the international community, the Financial University had entered into 17 new agreements with partner institutes of Australia, UK, Germany, Spain, China, United States, Czech Republic and other countries, including:
- Durham University Business School, Durham University, UK – collaboration on exchange of students, academic staff and research projects
- University of Northumbria, UK – double degrees
- University of London, UK – cooperation in the Bachelor of Science programmes offered through the International Programmes
- Santander, Spain – sponsorship of educational and scientific cooperation programs of the Finance Academy and Spanish universities and establishment of the Research Center for the world financial system
- Frankfurt School of Finance & Management, Germany – joint MBA-Finance degree
- Chinese Academy of Finance and Development, Central University of Finance and Economics, China – cooperation on implementation of bachelor's and master's programmes
- Bloomsburg University of Pennsylvania, United States
- EMLYON Business School, France – double degree programme
International sanctions
[edit]Following the 2022 Russian invasion of Ukraine, the government of Ukraine has introduced sanctions against the Financial University,[74] its rector Stanislav Prokofiev,[75] and president Mikhail Eskindarov.[76][77] In March that year, Prokofiev and Eskindarov had signed an open letter of Russian university rectors supporting the invasion.[78] The sanctions include an indefinite termination of any cultural exchange, scientific cooperation, educational and sports contacts, entertainment programs of Ukrainian entities and persons with the Financial University as well as a visa ban and asset freeze for Prokofiev and Eskindarov.[77]
Other facts
[edit]Financial University is a member of the Russian Law Journal consortium.[citation needed]
See also
[edit]References
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- ^ Елена Березина (2021-10-15). "Назван новый ректор Финансового университета при Правительстве РФ" (in Russian). Российская газета.
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- ^ "Качество приема в государственные вузы (бюджетный прием): средние и минимальные баллы ЕГЭ по вузам с бюджетным приемом больше 200 человек : Национальный исследовательский университет "Высшая школа экономики"". Hse.ru. 2011-10-31. Retrieved 2015-02-27.
- ^ "Рейтинг качества приема по группам вузов (по среднему баллу ЕГЭ в расчете на один предмет) : Качество приема в вузы – 2011 : Национальный исследовательский университет "Высшая школа экономики"". Hse.ru. Retrieved 2015-02-27.
- ^ "Общий рейтинг качества приема по вузам, бюджетный и платный прием : Рейтинг качества приема в российские вузы – 2010 : Национальный исследовательский университет "Высшая школа экономики"". Hse.ru. 2010-03-27. Retrieved 2015-02-27.
- ^ a b "ЕГЭ и приём в вузы" (PDF). Hse.ru. Retrieved 2015-02-27.
- ^ "Рейтинг ВУЗов России, 2013г.Рейтинг ВУЗов России, 2013г". Raexpert.ru. Archived from the original on 2013-09-06. Retrieved 2015-02-27.
- ^ "Рейтинг ВУЗов России, 2012г.Рейтинг ВУЗов России, 2012г". Raexpert.ru. Archived from the original on 2014-08-01. Retrieved 2015-02-27.
- ^ "Качество бюджетного приема в государственные вузы: средние и минимальные баллы ЕГЭ по вузам : Национальный исследовательский университет "Высшая школа экономики"". Hse.ru. 2011-10-31. Retrieved 2015-02-27.
- ^ "Enrollment percentages" (PDF). Hse.ru. Retrieved 2015-02-27.
- ^ "Enrollment percentages" (PDF). Hse.ru. Retrieved 2015-02-27.
- ^ "Рейтинг качества приема в российские государственные вузы–2010 | Все рейтинги | Лента новостей "РИА Новости"". Ria.ru. 2011-02-28. Retrieved 2015-02-27.
- ^ a b "RoBES: aim and scope". Review of Business and Economics Studies. Retrieved 23 January 2023.
- ^ "RoBES at eLibrary.ru". eLibrary. Retrieved 25 January 2023.
- ^ "RoBES at Google Scholar". Google Scholar/. Retrieved 25 January 2023.
- ^ "RoBES at Research Papers in Economics (RePEc)". Research Papers in Economics (RePEc). Retrieved 23 January 2023.
- ^ "Review of Business and Economics Studies". ReREc. Retrieved 23 January 2023.
- ^ "RoBES at Scilit". Scilit. Retrieved 23 January 2023.
- ^ "RoBES at ResearchGate". ResearchGate. Retrieved 25 January 2023.
- ^ "RoBES at Scientific Electronic Library Cyberleninka". Cyberleninka.ru. Retrieved 23 January 2023.
- ^ "RoBES at Directory of Open Access Journals". doaj.org. Retrieved 25 January 2023.
- ^ "RoBES: editorial policies". Review of Business and Economics Studies. Retrieved 23 January 2023.
- ^ "Seleznev P.S. profile at eLibrary.ru". eLibrary.ru/. Retrieved 25 January 2023.
- ^ "Seleznev P.S. profile at Google Scholar". Google Scholar. Retrieved 25 January 2023.
- ^ "Ilyinsky A.I. profile at eLibrary.ru". eLibrary.ru/. Retrieved 25 January 2023.
- ^ Виола Егикова (December 25, 2007). "Воистину королева финансов!" (in Russian). Hse.ru. Retrieved July 19, 2022.
- ^ Мария Лисицына (October 1, 2021). "Ректор Финансового университета объявил об отставке" (in Russian). RBC.ru. Retrieved July 19, 2022.
- ^ "Акимов, Андрей Игоревич" (in Russian). TASS. Retrieved July 19, 2022.
- ^ "The World's Billionaires: Andrei Bokarev". Forbes. Retrieved 7 July 2014.
- ^ "The World's Billionaires: Andrei Borodin". Forbes. Retrieved 7 July 2014.
- ^ "Andrey Elinson Departs A1 For His Own Investment Venture Inweasta". Litigation Finance Journal. 2023-10-30. Retrieved 2024-02-19.
- ^ "Inweasta, led by former A1 executive Andrey Elinson, expands in Dubai". gulfnews.com. 2023-11-20. Retrieved 2024-02-19.
- ^ "Sberbank (SBER:RTS)". Bloomberg Businessweek. Archived from the original on July 9, 2014. Retrieved 7 July 2014.
- ^ http://www.vtb.com/about/management/soldatenkov/. Retrieved November 11, 2010.
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- ^ "Mikhail Yuryevich Alekseev – AO UniCredit Bank". Unicreditbank.ru. Archived from the original on 2015-02-06. Retrieved 2015-02-27.
- ^ "A native son and the Bank of New York scandal". 25 August 1999. Retrieved April 24, 2012.[dead link]
- ^ "Gutseriev Michael Biography". Archived from the original on December 7, 2009. Retrieved April 20, 2011.
- ^ "B&N Bank". Binbank.ru. Retrieved 2015-02-27.
- ^ "Михаилу Прохорову предложили стать деканом в Финансовом университете" (in Russian). RBC.ru. April 28, 2020. Retrieved July 19, 2022.
- ^ "Executive Board". Alfabank.com. 2012-03-05. Retrieved 2015-02-27.
- ^ http://www.vtb.com/about/management/titov/. Retrieved May 3, 2011.
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(help)[dead link] - ^ "Vnesheconombank's chairman | Dmitriev Vladimir Alexandrovich". Archived from the original on April 3, 2010. Retrieved November 11, 2010.
- ^ "russiabankingnews.com". ww5.russiabankingnews.com. Archived from the original on July 15, 2011.
- ^ "Биография Алексея Навального". navalny.ru. 2013-05-14. Archived from the original on 2013-06-24. Retrieved 2015-02-27.
- ^ Мария Кокорева, Владислав Гордеев (November 26, 2018). "Хлопонин стал советником ректора Финансового университета" (in Russian). RBC.ru. Retrieved July 19, 2022.
- ^ "п≤я│я┌п╬я─п╦я▐ п÷п╓п═". www.pfrf.ru. 2014-12-29. Retrieved 2015-02-27.
- ^ "Management of the Ministry | Anton Germanovich Siluanov". Archived from the original on March 11, 2009. Retrieved April 21, 2011.
- ^ a b c "Университет о себе" (in Russian). Interfax.ru. Retrieved July 19, 2022.
- ^ "Борис Григорьевич Федоров. Биографическая справка" (in Russian). Ria.ru. November 20, 2008. Retrieved July 19, 2022.
- ^ "Комитет Государственной Думы по промышленности —". Komitet2.km.duma.gov.ru. Retrieved 2015-02-27.
- ^ "Максимова Надежда Сергеевна". Archived from the original on August 19, 2011. Retrieved April 21, 2011.
- ^ a b "Bank of Russia Today | Bank of Russia Today | Bank of Russia". Cbr.ru. Retrieved 2015-02-27.
- ^ "Счетная палата Российской Федерации". Ach.gov.ru. Archived from the original on 2013-05-23. Retrieved 2015-02-27.
- ^ "Биография: Пансков Владимир Георгиевич". Ippnou.ru. 2004-10-20. Retrieved 2015-02-27.
- ^ Новости, Р. И. А. (2024-05-15). "Биография Оксаны Лут". РИА Новости (in Russian). Retrieved 2024-05-16.
- ^ University of Finance under the Government of the Russian Federation - SANCTION LISTS / SANCTIONS IMPOSED ON LEGAL ENTITIES, War and Sanctions database, National Agency on Corruption Prevention
- ^ PROKOFIEV Stanislav Evgenievich - SANCTION LISTS / SANCTIONS IMPOSED ON INDIVIDUALS, War and Sanctions database, National Agency on Corruption Prevention
- ^ ESKINDAROV Mikhail Abdurakhmanovich - SANCTION LISTS / SANCTIONS IMPOSED ON INDIVIDUALS, War and Sanctions database, National Agency on Corruption Prevention
- ^ a b УКАЗ ПРЕЗИДЕНТА УКРАЇНИ №401/2022 Про рішення Ради національної безпеки і оборони України від 9 червня 2022 року "Про застосування персональних спеціальних економічних та інших обмежувальних заходів (санкцій)" [Decree by the President of Ukraine #401/2022] - Official website of the President of Ukraine, 9 June 2022
- ^ Обращение Российского Союза ректоров [Appeal by the Russian Rector Union] - Russian Rector Union official website, 4 March 2022
External links
[edit]Media related to Finance University at Wikimedia Commons
- Official website
- Scientific Electronic Library
- QS Rankings Guide on the Financial University
- Official Website of the Financial University
- Comprehensive Guide on Rankings of Russian Universities Based on Different Criteria (in Russian)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/f/ff/Wikidata-logo.svg/40px-Wikidata-logo.svg.png)