Banking Institute
    Financial Analyst
    Master’s Program      hse.ru/en/ma/fin
        MASTER’S PROGRAM
        Financial Analyst
        Duration                          2 years
        Mode of Study                     Full time education (classes taught in the evening time)
        Field of study                    38.04.08 – Finance 
        Language of Instruction           English
        Location                          Campus in Moscow
        The program is fully tuition-based.  
        Discounts on tuition fees for the HSE graduates, and also based on the results  
        of the HSE Olympics: the «I Am a Professional» and the «FinAnalytics.Cases» competition.
        Adress: 
        room 541, Myasnitskaya str. bld.20, office 541, Moscow, 101000, Russia 
        (Lubyanka, Kitay-gorod, Chistyye Prudy, Turgenevskaya)
        +7 (495) 772 95 90 ext. 22454/22456
        Program manager: Uliana Odintsova
        Phone: +7 (495) 772 95 90 ext. 22456 
        E-mail: bank@hse.ru, uodintsova@hse.ru
        hse.ru/en/ma/fin
              Academic Supervisor
              Vasily Solodkov, 
              Ph.D. in Economics, Professor,  
              Director of the HSE Banking Institute,  
              Harvard Business School graduate 
                                    About Program
                                    The Master’s Program «Financial Analyst» is practice-oriented and is 
                                    designed for young specialists who want to deepen their understand-
                                    ing of investments and financial analysis and to learn the best practic-
                                    es of leading Global and Russian financial companies.
                                    This program has the status of the University Affiliation Program of 
                                    the CFA Institute, an international organization that offers one of the 
                                    most prestigious designations in the field of investment and financial 
                                    analytics – the Chartered Financial Analyst (CFA).
                                    The CFA Program Candidate Body of Knowledge (CBOK) syllabus has 
                                    been embedded in the curriculum, providing it modern approaches to 
                                    the study of financial sector issues.
                                    Admission requirements
                                    Entrance exams
                                    •    Portfolio competition
                                    www.hse.ru/en/ma/fin/requirements
                                    Previously passed CFA exam of any level provides additional advan-
                                    tage in the portfolio competition.
                                    •    English language exam
                                    Applicants are obliged to submit the following language certificates 
                                    (Russian applicants in case of provision are exempted from taking  
                                    HSE English language exam):
                                    •    IELTS - 6.0 and higher,
                                    •    TOEFL IBT (Internet Based) - 80.0 and higher,
                                    •    TOEFL PBT (Paper Based) – 500 and higher,
                                    •    TOEFL СBT (Computer Based Test) – 232 and higher,
                              2020-Economics-Econometrics3
                                      TOP 100                     Since 2015, HSE has appeared in the QS – World University  
                                      Economics Econometrics      Rankings by Subject for Economics & Econometrics.  
                                                                  In 2021, it moved into the 51-100 group, which is the best  
                                                                  result among Russian universities.
                                    •    CAE (Certificate of Advanced English) - grade C (pass),
                                    •    CPE (Certificate of Proficiency in English) - with grade A, B or C,
                                    •    BEC Higher (Business English Certificate) - with grade A, B or C.
                                    International applicants can be exempt from English language exam 
                                    by submitting a copy of the document proving that the language of in-
                                    struction for the previous degree was English, or English is their native 
                                    language.
                                    Program features
                                    •    Language of instruction is English.
                                    •    Students of the program receive a 75% discount on the registration 
                                         fee payment for the CFA certificate examination (all three levels) on 
                                         a competitive basis.
                                    •    Students with CFA credential of any level can be eligible to waive 
                                         some elective courses.
                                    •    Most of the faculty members are financial executives and have in-
                                         ternational professional certification (CFA, FRM, ACCA, etc.).
                                    •    Each year the lecturers are provided with original textbooks of the 
                                         CFA Institute, that are prepared on the basis of the annual trend 
                                         surveys of the world’s leading employers.
                                    •    Students of the program have an opportunity to take part in interna-
                                         tional student exchange.
                                    Curriculum
                                    Core disciplines
                                    •    Macroeconomics
                                    •    Advanced Econometrics
                                    •    Theory of Finance
                                    •    Financial Reporting and Analysis
                                    •    Quantitative Methods in Economics
                                    •    Corporate Finance
                                    •    Market Instruments: Equity and Fixed Income
                                    •    Derivatives
                                    •    Ethical and Professional Standards
                              2020-Accounting-Finance4
                                      TOP 150                     Since 2016, HSE has been included in the QS – World University 
                                      Accounting Finance          Rankings by Subject for Accounting and Finance. In 2021,  
                                                                  it joined the 101-150 group, which is the best result among Russian 
                                                                  universities.