Program Overview

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Program Overview

The Master program in Financial Management is based on three necessary preconditions:

1. The program is oriented on international educational trends in the field of financial management, providing students with a wide range of competences in finance relevant to an international context.
2. The program is developed together with leading professionals in finance, with an applied tendency supported by close cooperation with companies, institutions, and practitioners in teaching and research supervision.
3. The Basic Program provides core competences for a Master's Degree in "Management," including strategic analysis, organizational design, finance, and research tools, while elective courses offer specific knowledge and skills in finance.

Program Goal

The goal of the program is to prepare high-level financial specialists capable of using advanced analytical tools to solve relevant research and applied problems.

Duration of Study

The duration of study is two academic years.

Language of Instruction

The language of instruction is English.

Benefits

The benefits of the program include:

• The opportunity to earn two diplomas: a Master's degree in Management from Novosibirsk State University and an M2 diploma in "Quantitative Finance" from EISTI (France)
• Scholarships available for the student exchange program with EISTI
• Teachers include high-level financial managers
• Students in the Program can take courses from any other department without additional payment, as long as the requirements for the "Financial Management" Program are met

Program Structure

The program structure includes:

First Year, Fall Semester

• Obligatory courses (4 disciplines):
  • Managerial Economics
  • Corporate Finance
  • Financial and Managerial Accounting
  • Banking
• Courses at the choice of the student (3 of 5 disciplines):
  • Russian as a Foreign Language
  • Academic writing
  • French
  • Differential Equations Theory and Numerical Treatment
  • Functional analysis
  • Contemporary Industrial Markets
  • International Trade

First Year, Spring Semester

• Obligatory courses (4 disciplines):
  • Strategic Analysis
  • Managerial Research Technique
  • Theory of Organization and Organizational Behavior II
  • International Business
• Courses at the choice of the student (3 of 7 disciplines):
  • Russian as a Foreign Language
  • Academic writing
  • French
  • Fixed Income Instruments and Derivatives
  • Excel for Enterprise Budgeting
  • Introduction to Data Science
  • Financial Instruments of Project Management

Second Year, Fall Semester

• Obligatory courses (2 disciplines):
  • Financial Markets, Institutions, and Instruments
  • Enterprise Risk Management
• Courses at the choice of the student (2 of 3 disciplines):
  • Investment Analysis and Business Valuation
  • Applied Econometrics
  • Applied Statistical Analysis

Second Year, Spring Semester

• Courses at the choice of the student (1 of 3 disciplines):
  • Asset Valuation and Portfolio Management
  • International Monetary Relations
  • Comparative Management
• Thesis Defense

Master Dissertation

To complete the program, a student undertakes a substantial project under the supervision of a faculty member and writes a Master dissertation reporting the results. Research can cover any area of finance and implies a managerial approach.

Examples of Topics

Examples of topics for the Master dissertation include:

• Evaluation of factors influencing stock price after IPO
• The impact of transparency on financial and economic indicators of the company
• Economic efficiency analysis of innovative project with venture financing
• The effect of banking reform on credit quality: Evidence from China
• Managing interest risk in an environment of emerging markets

Training Base

The Institute of Economics and Industrial Engineering (Siberian Branch of the Russian Academy of Science) is considered the base for research activity at the faculty of Economics.

Fees and Financial Support

Tuition Fees

Tuition fees are $5,200 per year.

Scholarships

Every year, foreign students have an opportunity to apply for the Russian Government Scholarship Program, which includes full tuition and a monthly stipend. Additionally, students can participate in the "Open Doors" Russian Scholarship Project to win a full scholarship to study the Master's program.

Career Opportunities

Many graduates of the department have become part of the Russian scientific elite, honorably representing national science abroad. Department graduates also succeed in the business and banking industry, often becoming managers or CEOs of large and medium-sized companies.

Entrance Requirements

Entrance requirements include:

• Copy of the 1st page of the traveling passport with personal data
• Legalized educational certificate
• Legalized academic transcripts
• 2 photos
• English language course marks sheet/TOEFL certificate or other international certificates
• Curriculum Vitae
• Motivation Letter
• Medical certificate of overall health condition
• HIV + AIDS certificates

Application Deadlines

The application deadline is August 6, with the requirement to fill out the application form and provide a full set of scanned documents.