Financial University under the Government of the Russian Federation

Coordinates: 55°48′01″N 37°31′45″E / 55.800256°N 37.529274°E / 55.800256; 37.529274

Finance University under the Government of the Russian Federation
Former names
 Moscow Institute of Economics and Finance, Moscow Finance Institute, State Finance Academy, Finance Academy under the Government of the Russian Federation
Motto Competence, Responsibility, Prestige
Type Public
Established 1919
Endowment US$ 10M (2009)
President Prof. Alla G. Gryaznova
Rector Prof. Mikhail A. Eskindarov[1]
Academic staff
 2,887[2]
Students 81,453[2]
Location Moscow,
 Russia
Website

The Financial University under the Government of the Russian Federation (Financial University) (Russian: Финансовый университет при Правительстве Российской Федерации) earlier known as "Moscow Institute of Economics and Finance" (1919–1946), "Moscow Finance Institute" (1946–1990), "State Finance Academy" (1991–1992) or "Finance Academy under the Government of the Russian Federation" (1992–2010), is a federal state-funded institution of higher professional education located in Moscow, Russia.

It is considered among top 5 universities in Russia according to Forbes[3] and RBC[4] as well as one of the oldest Russian universities preparing economists, financiers, bankers and financial lawyers.[5]

The Financial University consists of 14 faculties, 40 departments, 3 institutes, 2 high schools, 2 research institutes, 8 centers, 2 training - science laboratories, a network of regional offices - 11 branches and 4 offices open in seven regions of Russia.

University is well known for its strong alumni network and famous graduates (third wealthiest person in Russia Mikhail Prokhorov, Deputy Prime Minister Alexander Khloponin, Finance Minister Anton Siluanov, Governor of Krasnoyarsk Krai Lev Kuznetsov, CEO of Gazprombank Andrey Akimov and some others) who take up leading positions in politics, business and academia. According to CEO magazine, the Financial University is ranked first in the country in terms of number of billionaires who studied there.

History

History of the Financial University started on 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 D.P 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. 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.[6]<

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.[6]

In 2009 the Finance Academy celebrated 90 years of its history and received congratulations from numerous business and government officials, including Prime Minister Vladimir Putin and Finance Minister Alexey Kudrin.

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.[7]

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.[8]

In 2011-2012 the Financial University finished acquisition of three major 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.

Departments and faculties

The system of higher education established at the Finance University includes:

Faculties

  • Accounting and Audit
  • Credit & Economics
  • Finance and Economics
  • International Economic Relations
  • International Finance Faculty
  • Law
  • Management
  • Tax and Taxation
  • Applied Mathematics and Computer Science
  • Public Administration and Municipal Management
  • Risk Analysis and Economic Security
  • Distance Education
  • Distance Masters Training
  • Open Education

Departments

  • 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
  • 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

Academics

Admissions

Admission requirements are among the highest in Russia. In 2009 the 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.[9] It is the third best result among higher educational institutions (after Moscow State University and Moscow Institute of Physics and Technology) and the equivalent of A / A* score at A-levels in the English speaking world. Most students at the Finance University finished their secondary schools with silver and gold medals which signify having the best marks in all subjects over 11 years of education.

Research profile

The Finance University actively 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.).[10]

Reputation and rankings

Based on the average score of the Unified State Examination in 2010 the University is ranked number 5 overall out of 476 Russian institutions of higher education and number 3 among institutions specializing in social sciences.[11] Integrated ranking of the Russian journal "Finance" put the Financial University as the best higher institution for economics and finance in 2010.[12] 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".[13]

Russian University Rankings
2013 2012 2011 2010 2009
Ria Novosti / HSE - EGE General 10th[14] 14th[15] 6th[16] 5th[17] 3rd[18]
Expert RA - General 12th[19] 14th[20] - - -
Ria Novosti / HSE - EGE Social Sciences 4th[21] 6th[22] 5th[23] 3rd[24] 1st[18]

Degree mill

According to the investigation performed by Dissernet, the University is one of the top 10 academic institutions in Russia by the number of degrees awarded on the basis of theses with academic fraud discovered.[25][26] The total number of such theses exceeds 140 and >15 of such theses belong to the academic staff of the University (e.g. prof. V. Sharov,[27] dr. V. Avdijsky,[28] dr. A. Sharkova[29]).

Notable alumni

Financial University is well known for its strong alumni network in business, academia and politics. Among the graduates are:

Academia

Business

Law

Politics

Sport

International cooperation

The Financial University has entered into 17 new agreements with partner institutes of Australia, UK, Germany, Spain, China, United States, Czech Republic and other countries, including:

Interesting facts

The Financial University is a member of the Russian Law Journal consortium.

See also

List of Business Schools in Europe

References

  1. ↑ "FU Administration". Financial University. Retrieved 7 July 2014.
  2. 1 2 "Financial University: Facts and Figures". Financial University. Retrieved 7 July 2014.
  3. ↑ Вуз. "Rating: Strongest Universities in Russia". Forbes.ru. Retrieved 2014-07-07.
  4. ↑ "Top-7: Russia's Most Important Universities". Top.rbc.ru. Retrieved 2014-07-07.
  5. ↑ "Financial University". En.fa.ru. Retrieved 2014-07-07.
  6. 1 2 "History of the Financial University" (PDF). Financial University. Retrieved 7 July 2014.
  7. ↑ "Consultative Bodies of the Russian Government". The Russian Government. Retrieved 7 July 2014.
  8. ↑ "KPMG chairs in Moscow Universities". KPMG. Retrieved 7 July 2014.
  9. ↑ "EGE Rankings of Russia's Universities" (PDF). HSE. Retrieved 7 July 2014.
  10. ↑ "Research Profile of FU". Education.Com.
  11. ↑ "State University Rankings Based on Admission in 2010". RIA Novosti. Retrieved 7 July 2014.
  12. ↑ "Best HEIs in Russia for Finance & Economics". Finance Magazine. Retrieved 7 July 2014.
  13. ↑ "Ranking Web of Business Schools". Cybermetrics Lab. Retrieved 7 July 2014.
  14. ↑ "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.
  15. ↑ "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.
  16. ↑ "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.
  17. ↑ "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.
  18. 1 2 "ЕГЭ и приём в вузы" (PDF). Hse.ru. Retrieved 2015-02-27.
  19. ↑ "Рейтинг ВУЗов России, 2013г.Рейтинг ВУЗов России, 2013г". Raexpert.ru. Retrieved 2015-02-27.
  20. ↑ "Рейтинг ВУЗов России, 2012г.Рейтинг ВУЗов России, 2012г". Raexpert.ru. Retrieved 2015-02-27.
  21. ↑ "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.
  22. ↑ "Enrollment percentages" (PDF). Hse.ru. Retrieved 2015-02-27.
  23. ↑ "Enrollment percentages" (PDF). Hse.ru. Retrieved 2015-02-27.
  24. ↑ "Рейтинг качества приема в российские государственные вузы–2010 | Все рейтинги | Лента новостей "РИА Новости"". Ria.ru. 2011-02-28. Retrieved 2015-02-27.
  25. ↑ "Топ-10 российских вузов по числу Диссернет-кейсов сотрудников". rosvuz.dissernet.org. Retrieved 2016-07-08.
  26. ↑ "Финансовый университет при Правительстве РФ". rosvuz.dissernet.org. Retrieved 2016-07-08.
  27. ↑ http://rosvuz.dissernet.org/person/86772
  28. ↑ http://rosvuz.dissernet.org/person/54997
  29. ↑ http://rosvuz.dissernet.org/person/111042
  30. ↑ "Company Overview of ARM Internet Solutions". Bloomberg. Retrieved 7 July 2014.
  31. ↑ "Management of the Evraz Group". Evraz Group. Retrieved 7 July 2014.
  32. ↑ "The World's Billionaires: Andrei Bokarev". Forbes. Retrieved 7 July 2014.
  33. ↑ "The World's Billionaires: Andrei Borodin". Forbes. Retrieved 7 July 2014.
  34. ↑ "PIK Group Corporate Governance Statement for 2013". London Stock Exchange. Retrieved 7 July 2014.
  35. ↑ "Sberbank (SBER:RTS)". Bloomberg Businessweek. Retrieved 7 July 2014.
  36. ↑ "Corporate Governance". Bank Vozrozhdenie. Retrieved 7 July 2014.
  37. ↑ http://www.vtb.com/about/management/soldatenkov/. Retrieved November 11, 2010. Missing or empty |title= (help)
  38. ↑ "#160 Kirill Pisarev". Forbes.com. 2008-02-11. Retrieved 2015-02-27.
  39. ↑ "Mikhail Yuryevich Alekseev - AO UniCredit Bank". Unicreditbank.ru. Retrieved 2015-02-27.
  40. ↑ http://www.kyivpost.com/news/nation/detail/1279/print/. Retrieved April 24, 2012. Missing or empty |title= (help)
  41. ↑ https://web.archive.org/web/20091207085548/http://www.wealthyrussian.com/gutseriev-michael-biography.html. Archived from the original on December 7, 2009. Retrieved April 20, 2011. Missing or empty |title= (help)
  42. ↑ "B&N Bank". Binbank.ru. Retrieved 2015-02-27.
  43. ↑ "Executive Board". Alfabank.com. 2012-03-05. Retrieved 2015-02-27.
  44. ↑ http://www.vtb.com/about/management/titov/. Retrieved May 3, 2011. Missing or empty |title= (help)
  45. ↑ https://web.archive.org/web/20100403225918/http://www.veb.ru/en/about/governance/chairman/. Archived from the original on April 3, 2010. Retrieved November 11, 2010. Missing or empty |title= (help)
  46. ↑ Archived July 15, 2011, at the Wayback Machine.
  47. ↑ Archived March 13, 2011, at the Wayback Machine.
  48. ↑ "п░п╩п╣п╨я│п╣п╧ п²п╟п╡п╟п╩я▄п╫я▀п╧". Navalny.ru. 2013-05-14. Retrieved 2015-02-27.
  49. ↑ https://web.archive.org/web/20101126105150/http://www.ach.gov.ru/en/about/auditors/piskunov/. Archived from the original on November 26, 2010. Retrieved April 21, 2011. Missing or empty |title= (help)
  50. ↑ "п≤я│я┌п╬я─п╦я▐ п÷п╓п═". Pfrf.ru. 2014-12-29. Retrieved 2015-02-27.
  51. ↑ https://web.archive.org/web/20090311122530/http://www1.minfin.ru/en/orgstr/management/?id4=52. Archived from the original on March 11, 2009. Retrieved April 21, 2011. Missing or empty |title= (help)
  52. ↑ "Комитет Государственной Думы по промышленности —". Komitet2.km.duma.gov.ru. Retrieved 2015-02-27.
  53. ↑ https://web.archive.org/web/20110819132238/http://komitet2-11.km.duma.gov.ru/site.xp/051049053.html. Archived from the original on August 19, 2011. Retrieved April 21, 2011. Missing or empty |title= (help)
  54. 1 2 "Bank of Russia Today | Bank of Russia Today | Bank of Russia". Cbr.ru. Retrieved 2015-02-27.
  55. ↑ https://web.archive.org/web/20110405001402/http://www.ach.gov.ru/ru/about/auditors/ryabuhin/. Archived from the original on April 5, 2011. Retrieved April 21, 2011. Missing or empty |title= (help)
  56. ↑ "Счетная палата Российской Федерации". Ach.gov.ru. Retrieved 2015-02-27.
  57. ↑ "Биография: Пансков Владимир Георгиевич". Ippnou.ru. 2004-10-20. Retrieved 2015-02-27.
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