Financial University under the Government of the Russian Federation (FinU or Financial University) ( Russian: Финансовый университет при Правительстве Российской Федерации) is a

public university A public university or public college is a university or college that is in owned by the state or receives significant public funds through a national or subnational government, as opposed to a private university. Whether a national universit ...

located in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

. It is considered among top five universities in Russia according to

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

and

RBC RBC may refer to: Media and arts * ''RBK Daily'', a general business newspaper published in Moscow, Russia. * RBK Group, a large Russian media group * RBC Ministries, now Our Daily Bread Ministries, a Christian media outlet in Grand Rapdis, Mich ...

as well as one of the oldest Russian universities preparing economists, financiers, philosophers, bankers and financial lawyers. 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) 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. The university graduates include the third wealthiest person in Russia,

Mikhail Prokhorov Mikhail Dmitrievich Prokhorov ( rus, Михаил Дмитриевич Прохоров, p=mʲɪxɐˈil ˈdmʲitrʲɪjɪvʲɪtɕ ˈproxərəf; born 3 May 1965) is a Russian-Israeli oligarch, politician, and former owner of the Brooklyn Nets. I ...

, Deputy Prime Minister

Alexander Khloponin Alexander Gennadyevich Khloponin (russian: link=no, Алекса́ндр Генна́дьевич Хлопо́нин; born March 6, 1965) is a Russian politician. Khloponin served Governor of Krasnoyarsk Krai, a ''krai'' located in Siberia, from ...

, Finance Minister

Anton Siluanov Anton Germanovich Siluanov ( rus, Анто́н Ге́рманович Силуа́нов, p=ɐnˈton ˈɡʲɛrmənəvʲɪtɕ sʲɪlʊˈanəf; born 12 April 1963) is a Russian politician and economist serving as Minister of Finance since 2011. H ...

Governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...

Krasnoyarsk Krai Krasnoyarsk Krai ( rus, Красноя́рский край, r=Krasnoyarskiy kray, p=krəsnɐˈjarskʲɪj ˈkraj) is a federal subject of Russia (a krai), with its administrative center in the city of Krasnoyarsk, the third-largest city in Siber ...

Lev Kuznetsov, CEO of Gazprombank

Andrey Akimov Andrey Igorevich Akimov (in russian: Андрей Игоревич Акимов, born 22 September 1953 in Leningrad, Soviet Union) is the Chairman of the Management Board of Gazprombank (open joint-stock company). He is believed to be a former K ...

and some others who have taken up leading positions in politics, business and academia.

History

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 – 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. In 1991, Moscow Finance Institute was renamed to "''State Finance Academy''" and in 1992 Russian President

Boris Yeltsin Boris Nikolayevich Yeltsin ( rus, Борис Николаевич Ельцин, p=bɐˈrʲis nʲɪkɐˈla(j)ɪvʲɪtɕ ˈjelʲtsɨn, a=Ru-Boris Nikolayevich Yeltsin.ogg; 1 February 1931 – 23 April 2007) was a Soviet and Russian politician wh ...

changed its name to the "''Finance Academy under the Government of Russian Federation''" giving a governmental status to the institution. In 2009, the Finance Academy celebrated 90 years of its history and received congratulations from numerous business and government officials, including

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

Vladimir Putin Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime min ...

and Finance Minister

Alexey Kudrin Alexei Leonidovich Kudrin ( rus, Алексе́й Леони́дович Ку́дрин, p=ɐlʲɪkˈsʲej lʲɪɐˈnʲidəvʲɪtɕ ˈkudrʲɪn; born 12 October 1960) is a Russian liberal politician and economist. Previously he served as the Ch ...

. 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. On 4 March 2011,

KPMG KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...

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. 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, .

Departments and faculties

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

Faculties

* 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

*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 Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and Pricewaterh ...

Department *

Department

Academics

Admissions

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 HSE University (russian: link=no, «Высшая школа экономики», ВШЭ), officially the National Research University Higher School of Economics (russian: link=no, Национальный исследовательский ун ...

, 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.

Research profile

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.).

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. Integrated ranking of the Russian journal "Finance" put the Financial University as the best higher institution for economics and finance in 2010. 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 Huazhong University of Science and Technology (HUST; ) is a public research university located in Guanshan Subdistrict, Hongshan District, Wuhan, Hubei province, China. As a national key university directly affiliated to the Ministry of E ...

, 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".

Notable alumni

Among the graduates are:

Academia

Alla Gryaznova Alla Georgievna Gryaznova (born November 27, 1937 in Moscow, Soviet Union) is a Russian economist, full Ph.D. in Economics, a rector of Financial University under the Government of the Russian Federation (1985–2006).

– economist, former rector and current president of the Finance University *

Mikhail Eskindarov Mikhail (Mukhadin) Abdurakhmanovich Eskindarov (November 15, 1951, Besleney village, Karachay-Cherkessia, Soviet Union) is a Russian economist. Early life In 1976, he graduated from the Credit and Economics Faculty of the Moscow Financial Ins ...

– President of the Finance University

Business

– CEO and deputy chairman of board of directors of Gazprombank *Andrey Bokarev – billionaire, chairman of the board of directors of “Kuzbassrazrezugol" Holding Company * Andrey Borodin – billionaire, former CEO of the Bank of Moscow *Bella Zlatkis – deputy chairman of management board at Sberbank, former deputy finance minister of Russia *Gennady Soldatenkov – deputy president and chairman of the management board of VTB Bank *Kirill Pisarev – billionaire, co-owner of PIK Group *Mikhail Alekseev – chairman of the management board of UniCredit Bank *

Konstantin Kagalovsky Konstantin Grigoryevich Kagalovsky (russian: Константин Григорьевич Кагаловский; born 13 October 1957) is a Russian businessman. He is the former vice-president of the oil company Yukos and a key Yukos shareholder, ...

– billionaire, former vice-president of

Yukos OJSC "Yukos Oil Company" (russian: ОАО Нефтяна́я Компа́ния Ю́КОС, links=no, ) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovs ...

and Bank Menatep *

Mikhail Gutseriyev Mikail (Mikhail) Safarbekovich Gutseriev (russian: Михаи́л Сафарбе́кович Гуцери́ев; born 9 March 1958 in Akmolinsk, Kazakh SSR, Soviet Union) is a Russian billionaire businessperson. Gutseriev earned his fortune afte ...

– billionaire, former owner and CEO of

Russneft Russneft () is a Russian oil company headquartered in Moscow which was established by Mikhail Gutseriev in 2002. It is a member of the SAFMAR industrial and financial group. Background Russneft was founded in September 2002 by Mikhail Gutserie ...

Mikail Shishkhanov Mikail O. Shishkhanov (Russian: Микаил Османович Шишханов) is a Russian businessman and financier. He was the main shareholder of Russian Binbank between 2017. At that time he had was worth $2.3 billion and took 44th plac ...

– billionaire, president and CEO of B&N Bank *

– self-made billionaire and oligarch, the second richest man in Russia according to

*Valeriy Novikov – chief operating officer and member of the executive board of Alfa-Bank *Vasily Titov – first deputy president and chairman of the management board of VTB Bank *Vladimir Dmitriev – chairman of

Vnesheconombank VEB.RF, or VEB (russian: ВЭБ.РФ (ex-Vnesheconombank)), is a Russian state development corporation. It was founded in 2007 as a development institute. VEB.RF is an investment company and development institute in Russia. It has financed more t ...

*Vladimir Golubkov – chief executive officer of Rosbank

Law

* Alexey Navalny – blogger, political and social activist, World Fellow at

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

's "World Fellows Program

Politics

–

deputy prime minister A deputy prime minister or vice prime minister is, in some countries, a government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to that of a vice president, ...

and presidential plenipotentiary envoy to the

North Caucasian Federal District North Caucasian Federal District (russian: Се́веро-Кавка́зский федера́льный о́круг, ''Severo-Kavkazsky federalny okrug'') is one of the eight federal districts of Russia. It is located in extreme southern Rus ...

*Anton Drozdov – chairman of the pension fund of the

Russian Federation Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

– finance minister of the Russian Federation *

Arseny Zverev Arseny Grigoryevich Zverev (russian: Арсе́ний Григо́рьевич Зве́рев; 2 March 1900 – 27 July 1969) was a Soviet and Russian politician, economist and statesman whose career spanned the rules of Joseph Stalin and Nikita K ...

– finance minister of the Soviet Government in 1938–1948, and 1948–1960 *

Boris Fedorov Boris Grigoryevich Fyodorov (russian: Борис Григорьевич Фёдоров) (13 February 1958 in Moscow – 20 November 2008 in London) was a Russian economist, politician, and reformer. Early life He was awarded a doctor of economi ...

– economist and reformer, former Finance Minister and Deputy Prime Minister of Russia * Elena Panina – MP,

State Duma The State Duma (russian: Госуда́рственная ду́ма, r=Gosudárstvennaja dúma), commonly abbreviated in Russian as Gosduma ( rus, Госду́ма), is the lower house of the Federal Assembly of Russia, while the upper house ...

of the Russian Federation *

Nadezhda Maksimova Nadezhda may refer to: *Nadezhda (given name), people with the given name ''Nadezhda'' *Nadezhda (satellite), a series of Russian navigation satellites, of which one was launched in 1998 *2071 Nadezhda, an asteroid *Nadezhda (cockroach), the first ...

– MP, State Duma of the Russian Federation *N.K. Sokolov – chairman of the board of the

USSR State Bank Gosbank (russian: Госбанк, Государственный банк СССР, ''Gosudarstvenny bank SSSR''—the State Bank of the USSR) was the central bank of the Soviet Union and the only bank in the entire country from 1922 to 1991. ...

in 1940 *N.V. Garetovsky – chairman of the board of the USSR State Bank in 1987–1989 * Sergey Shakhray – deputy

prime minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

of Russia in 1991–1996, Russian constitution author and chief of staff of the accounts chamber of the Russian Federation *

Sergei Stepashin Sergei Vadimovich Stepashin (russian: Сергей Вадимович Степашин; born 2 March 1952) is a Russian politician who briefly served as Prime Minister of Russia in 1999. Prior to this he had been appointed as federal security m ...

– chairman of the accounts chamber of the Russian Federation and former

Prime Minister of Russia The chairman of the government of the Russian Federation, also informally known as the prime minister, is the nominal head of government of Russia. Although the post dates back to 1905, its current form was established on 12 December 1993 fo ...

Valentin Pavlov Valentin Sergeyevich Pavlov (russian: Валéнтин Серге́евич Па́влов; 27 September 1937 – 30 March 2003) was a Soviet official who became a Russian banker following the dissolution of the Soviet Union. Born in the ci ...

– prime minister of the Cabinet of Ministers of the

USSR The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nationa ...

in 1991,

minister of finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

in 1989–1990 and chairman of the

State Committee on Prices Goskomtsen (russian: Госкомцен) was the State Committee on Prices in the former Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eura ...

in 1986–1989 * Viktor Gerashchenko – banker and former chairman of the Central Bank of Russia and USSR *Vladimir Panskov – finance minister of the Russian Federation in 1994–1996, auditor of the accounts chamber of the Russian Federation in 1997–2006

Sport

* Svetlana Feofanova –

pole vaulter Pole vaulting, also known as pole jumping, is a track and field event in which an athlete uses a long and flexible pole, usually made from fiberglass or carbon fiber, as an aid to jump over a bar. Pole jumping competitions were known to the My ...

, world champion and holder of silver and bronze medals in

2004 Summer Olympics The 2004 Summer Olympics ( el, Θερινοί Ολυμπιακοί Αγώνες 2004, ), officially the Games of the XXVIII Olympiad ( el, Αγώνες της 28ης Ολυμπιάδας, ) and also known as Athens 2004 ( el, Αθήνα 2004), ...

and

2008 Summer Olympics The 2008 Summer Olympics (), officially the Games of the XXIX Olympiad () and also known as Beijing 2008 (), were an international multisport event held from 8 to 24 August 2008, in Beijing, China. A total of 10,942 athletes from 204 Na ...

* 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

The Financial University has entered into 17 new agreements with partner institutes of Australia, UK, Germany, Spain, China, United States,

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

and other countries, including: *

Durham University Business School Durham University Business School is the business school of Durham University and is located in Durham, England. Established in 1965, it holds triple accreditation (AACSB, AMBA and EQUIS). It is currently ranked between 7th and 67th in the wor ...

Durham University , mottoeng = Her foundations are upon the holy hills (Psalm 87:1) , established = (university status) , type = Public , academic_staff = 1,830 (2020) , administrative_staff = 2,640 (2018/19) , chancellor = Sir Thomas Allen , vice_chan ...

, UK – collaboration on exchange of students, academic staff and research projects *

University of Northumbria , mottoeng = A lifetime of learning , established = 1877 - Rutherford College of Technology1969 - Newcastle Polytechnic1992 - gained university status , type = Public , budget = � ...

, UK – double degrees *

University of London The University of London (UoL; abbreviated as Lond or more rarely Londin in post-nominals) is a federal public research university located in London, England, United Kingdom. The university was established by royal charter in 1836 as a degree ...

, UK – cooperation in the Bachelor of Science programmes offered through the International Programmes *

Santander Santander may refer to: Places * Santander, Spain, a port city and capital of the autonomous community of Cantabria, Spain * Santander Department, a department of Colombia * Santander State, former state of Colombia * Santander de Quilichao, a m ...

, 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 Frankfurt School of Finance & Management Frankfurt School of Finance & Management is a private university with a right to award doctorates, recognized under Hesse’s Higher Education Act. The parent organization is the Frankfurt School of Fin ...

, 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 Bloomsburg University of Pennsylvania (Bloomsburg, BU or Bloom) is a campus of Commonwealth University of Pennsylvania and it is located in Bloomsburg, Pennsylvania. It is part of the Pennsylvania State System of Higher Education (PASSHE). The c ...

, United States * EMLYON Business School, France – double degree programme

Facts

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

References

External links

*
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)
{{DEFAULTSORT:Financial Academy Under The Government Of Rf Business schools in Russia Education in Moscow Educational institutions established in 1919 Government of Russia 1919 establishments in Russia