We equip students with in-demand knowledge and skills valued by top companies in Russia and worldwide
Eng
Master of Business Analytics
Recruitment is Open
Online
Full-time online master's degree HSE
2025 year
Program starts
Fully Online
Format
2 years
Duration
State-recognized Diploma with a Supplement Translated into English
Why This Program Is Relevant
Business analytics helps companies monitor, analyze, and optimize internal processes and operations through data visualization.
In a time of increasing economic volatility, new sustainability goals, and the rising importance of intellectual resources in competition, businesses urgently need qualified professionals in analytics.
In a time of increasing economic volatility, new sustainability goals, and the rising importance of intellectual resources in competition, businesses urgently need qualified professionals in analytics.
What a Data Analysts Does
Assess company value
Manage company risks
Prepare strategic reports
Evaluate the effectiveness of non-financial resources
Develop financial models
IT corporations and banks
Where Our Graduates Work
Retail and e-commerce
Research centers and institutes
Consulting and auditing firms
Government and state corporations
Salaries by Experience
from 70,000 ₽
Junior
from 120,000 ₽
Middle
up to 1 year of experience
1–3 years of experience
from 200,000 ₽
Senior
3+ years of experience
Career Opportunities
Graduates can apply for roles such as: Chief Analyst, Business Analyst, Risk Manager, Reporting Architect, Chief Value Officer.
Sign Up for a Consultation
We'll contact you to discuss the program details and answer any questions you have - completely free of charge.
About HSE Online
HSE Online is the virtual campus of HSE University. We have over 30 years of experience in education and science, and over 10 years in online education.
Our faculty includes professors, researchers, and industry experts who combine academic and professional experience.
Our faculty includes professors, researchers, and industry experts who combine academic and professional experience.
96%
Of students find jobs in their field during or immediately after graduation
Top-ranked
38
Online Higher Education Programs
More than 4700
Students
Award Winner
“Breakthrough of the Year”
“Best Youth-Oriented Project”
“Online University of the Year”
#1
Russian University according to HeadHunter Ranking
Gold in the international online education ranking
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About our program
Master of Business Analytics is a unique online master’s programme focused on systematic preparation for new tracks in the financial professions. We teach the latest concepts and methods of business analysis, with deep integration of data on non-financial forms of capital into financial assessments, models and forecasts. The new demands of finance jobs are determined by the challenges of an inclusive, 'circular' economy to meet sustainable development goals and the critical role of intellectual resources in competition.
In the last academic year, students rated the content of the courses and the teaching as 4.6 out of 5*
*According to student assessment of teaching process
Advantages of Distant Learning
Flexible Schedule
Webinars, master classes, and project work are held live with recordings available afterward.
Full Access to Materials
All course materials are available from day one.
On-demand Theory
Watch lectures at your own pace and convenience.
1
3
2
Practice-Oriented
The program includes mentor-led seminars, project labs, and career events.
Personalized Learning Path
Choose between two tracks:
- Business Decision Analytics based on Company Valuation
- Strategic Business Reporting
4
5
Course Content
Module 1
International Financial Reporting Standards
Theory of Finance
Module 2
Financial Modelling
Econometrics (Advanced Level)
Module 3
Public Non-Financial Reporting
Sustainable Finance
Strategic Managerial Accounting
Module 4
Integrated Risk Management
Taxation and tax planning
Valuation and Value Based Management
Financial Markets and Instruments
Corporate Finance
Valuation and Value Based Management
Workshop on Working with Data
Project Laboratory within Specialization «Value Based Analytics»
Project
Project Laboratory within Specialization «Value Based Analytics»
Mentor's Seminar «Research Methods in Reporting»
Mentor's Seminar «Research Methods in Reporting»
Mentor's Seminar «Research Methods in Finance»
Mentor's Seminar «Research Methods in Finance»
Econometrics (Advanced Level)
Corporate Finance
Mentor's Seminar «Research Methods in Reporting»
Mentor's Seminar «Research Methods in Finance»
Mentor's Seminar «Research Methods in Reporting»
Mentor's Seminar «Research Methods in Finance»
Core Courses
Elective Courses
Module 1
Advanced Macroeconomics
International Financial Reporting Standards 1, 2
Module 2
Advanced Macroeconomics
Project Laboratory within Specialization «Strategic Business Reporting»
Module 3
Corporate Governance and Compliance
Behavioral Finance: Applications in Business Analytics
Strategic Management
Module 4
Final Qualification Paper
Preparation of the Graduate Thesis
Strategic Management
Project Laboratory within Specialization «Value Based Analytics»
Auditing and Assurance
Forensic accounting (Fraud Investigation)
Strategic Managerial Accounting
Performance Management
Workshop on Working with Data
Workshop on Working with Data
Project Laboratory within Specialization «Strategic Business Reporting»
Project Laboratory within Specialization «Value Based Analytics»
Virtual Labs within Specialization 1 «Value Based Analytics»
Virtual Labs within Specialization 2 «Value Based Analytics»
Mentor's Seminar «Research Methods in Finance»
Mentor's Seminar «Research Methods in Finance»
Mentor's Seminar «Research Methods in Reporting»
Mentor's Seminar «Research Methods in Reporting»
Mentor's Seminar «Research Methods in Finance»
Mentor's Seminar «Research Methods in Reporting»
Mentor's Seminar «Research Methods in Finance»
Mentor's Seminar «Research Methods in Reporting»
Core Courses
Elective Courses
Instructors
Skills After Graduation
How to Apply
Review the program curriculum
Sign up for a consultation to get answers to all your questions
Upload your documents to your personal account
Successfully pass the entrance exams
Sign the contract
Start learning and become a sought-after specialist
Student Testimonials
I run a family business in Krasnodar Krai. The online format is much more convenient for me than the traditional offline one. No need to relocate or spend time commuting. Instead of lectures — videos that can be rewatched.
The program met my expectations. Homework in English turned out to be no harder than in Russian, and the knowledge in corporate finance, strategic management, and other subjects has been incredibly helpful in my work.
I approached my studies with interest and determination, and I
The program met my expectations. Homework in English turned out to be no harder than in Russian, and the knowledge in corporate finance, strategic management, and other subjects has been incredibly helpful in my work.
I approached my studies with interest and determination, and I
Anatoly Alpatov
Student of the Program
I’m 41, live in Yekaterinburg, and work as the head of a trade and manufacturing company in the printing industry. I’m a trained lawyer but have never worked in the legal field.
I enrolled in the program due to a lack of knowledge in economics, finance, and enterprise performance analysis — a gap that became more pressing due to the gradual decline of the printing industry.
This education was exactly what I needed. Not only because of the content but also because of the online format, which lets
I enrolled in the program due to a lack of knowledge in economics, finance, and enterprise performance analysis — a gap that became more pressing due to the gradual decline of the printing industry.
This education was exactly what I needed. Not only because of the content but also because of the online format, which lets
I am a financier by first education, but I work in marketing projects and brand development in retail. I have worked with Ultraceuticals, Kevin Murphy, Evo, Oribe, Richard, Lipton, Lozap, Telzap, Zenon and others. I am also an editor of Moscow Media and actively develop social networks of various projects. I believe that learning is a part of life, and I try to constantly draw new knowledge from all kinds of sources.
For me, as a person who is busy 24/7 and constantly on the move, it is especially convenient that the HSE format allows
For me, as a person who is busy 24/7 and constantly on the move, it is especially convenient that the HSE format allows
Natalia Kazantseva
Student of the Program
Alexander Antipin
Student of the Program
I spent a long time choosing a Master’s program and ultimately chose this one because it allows me to combine studies with my work in IT.
I’m a senior specialist at the PMO office of an IT company. Right now, our project office is undergoing reorganization. Several new units are being added to us, including the finance unit. Thanks to subjects like Value-Based Management and Strategic Management, my team and I can assess the added value of a new project and its prospects.
I’m a senior specialist at the PMO office of an IT company. Right now, our project office is undergoing reorganization. Several new units are being added to us, including the finance unit. Thanks to subjects like Value-Based Management and Strategic Management, my team and I can assess the added value of a new project and its prospects.
Student of the Program
Sofya Cheburkova
Student of the Program
Anatoly Alpatov
I run a family business in Krasnodar Krai. The online format is much more convenient for me than the traditional offline one. No need to relocate or spend time commuting. Instead of lectures — videos that can be rewatched.
The program met my expectations. Homework in English turned out to be no harder than in Russian, and the knowledge in corporate finance, strategic management, and other subjects has been incredibly helpful in my work.
I approached my studies with interest and determination, and I feel that my efforts are paying off. But two big challenges still lie ahead: writing a great thesis and avoiding three B grades.
The program met my expectations. Homework in English turned out to be no harder than in Russian, and the knowledge in corporate finance, strategic management, and other subjects has been incredibly helpful in my work.
I approached my studies with interest and determination, and I feel that my efforts are paying off. But two big challenges still lie ahead: writing a great thesis and avoiding three B grades.
Student of the Program
Alexander Antipin
I’m 41, live in Yekaterinburg, and work as the head of a trade and manufacturing company in the printing industry. I’m a trained lawyer but have never worked in the legal field.
I enrolled in the program due to a lack of knowledge in economics, finance, and enterprise performance analysis — a gap that became more pressing due to the gradual decline of the printing industry.
This education was exactly what I needed. Not only because of the content but also because of the online format, which lets me study from another city while working. The first year was tough — the academic process is rigorous and demanding. But after six months, I adapted, developed my own approach, and now everything goes quite smoothly.
I’m satisfied with the program. I’m gaining the knowledge and skills I previously lacked — including English practice — and I genuinely find them useful and valuable.
Everyone in the program feels consistent support and help from the faculty — they go above and beyond to help us overcome any difficulties.
I enrolled in the program due to a lack of knowledge in economics, finance, and enterprise performance analysis — a gap that became more pressing due to the gradual decline of the printing industry.
This education was exactly what I needed. Not only because of the content but also because of the online format, which lets me study from another city while working. The first year was tough — the academic process is rigorous and demanding. But after six months, I adapted, developed my own approach, and now everything goes quite smoothly.
I’m satisfied with the program. I’m gaining the knowledge and skills I previously lacked — including English practice — and I genuinely find them useful and valuable.
Everyone in the program feels consistent support and help from the faculty — they go above and beyond to help us overcome any difficulties.
Student of the Program
Natalia Kazantseva
I am a financier by first education, but I work in marketing projects and brand development in retail. I have worked with Ultraceuticals, Kevin Murphy, Evo, Oribe, Richard, Lipton, Lozap, Telzap, Zenon and others. I am also an editor of Moscow Media and actively develop social networks of various projects. I believe that learning is a part of life, and I try to constantly draw new knowledge from all kinds of sources.
For me, as a person who is busy 24/7 and constantly on the move, it is especially convenient that the HSE format allows me to study online. I can avoid wasting time on traveling and still get the same amount of knowledge from industry experts as offline. For example, many professors themselves broadcast from other cities or even countries.
In training, I am glad that the disciplines are implemented entirely in English, it allows you to keep yourself up to date. I actively recommend the program to all my acquaintances who are in search of quality training.
For me, as a person who is busy 24/7 and constantly on the move, it is especially convenient that the HSE format allows me to study online. I can avoid wasting time on traveling and still get the same amount of knowledge from industry experts as offline. For example, many professors themselves broadcast from other cities or even countries.
In training, I am glad that the disciplines are implemented entirely in English, it allows you to keep yourself up to date. I actively recommend the program to all my acquaintances who are in search of quality training.
Student of the Program
Sofya Cheburkova
I spent a long time choosing a Master’s program and ultimately chose this one because it allows me to combine studies with my work in IT.
I'm a senior specialist at the PMO office of an IT company. Right now, our project office is undergoing reorganization. Several new units are being added to us, including the finance unit. Thanks to subjects like Value-Based Management and Strategic Management, my team and I can assess the added value of a new project and its prospects.
Online lectures give me flexibility in planning my studies, work, and Chinese language classes. The faculty’s expertise and the practical cases have exceeded my expectations: every project is a new challenge.
Right now, my main goal is to study the application of machine learning in finance, as I plan to use this knowledge in my work and thesis.
I'm a senior specialist at the PMO office of an IT company. Right now, our project office is undergoing reorganization. Several new units are being added to us, including the finance unit. Thanks to subjects like Value-Based Management and Strategic Management, my team and I can assess the added value of a new project and its prospects.
Online lectures give me flexibility in planning my studies, work, and Chinese language classes. The faculty’s expertise and the practical cases have exceeded my expectations: every project is a new challenge.
Right now, my main goal is to study the application of machine learning in finance, as I plan to use this knowledge in my work and thesis.
Benefits of Online Master’s Degrees
Study and work simultaneously
Study from anywhere in the world
Practice-oriented approach
Military draft deferral
Flexible study format
Access to HSE’s online resources
Individual learning trajectory
Tax deduction
Sign Up for a Consultation
We’ll contact you to discuss the program details and answer any questions you have — completely free of charge.
Government-supported educational loans are available
Interest rate: from 3% per year
Interest rate: from 3% per year
To learn more about our discounts, book a consultation
Total duration: 4 semesters
220 000 ₽
Tuition per semester
faq
This program prepares you to become a future leader in your profession. We offer a new vision of the role and function of finance as an integrated system managing both financial and non-financial forms of capital. You will gain tools to assess business value and analyze non-financial resources, as well as learn to evaluate components of intellectual capital. We prepare "architects" of integrated corporate reporting.
Admission depends on your entrance exam — your portfolio and interview. We welcome applicants from all backgrounds who are interested in business and finance.
To study comfortably, the minimum recommended level is B1. Don’t worry if you make grammar mistakes — it’s not a problem. If you’re not confident asking questions in English aloud at first, you can ask them in the chat.
You can study at any convenient time. Most materials are available as recordings, so you can plan your schedule based on your personal availability.
You will receive a state-recognized Master’s diploma in the field of 38.04.08 "Finance and Credit" from HSE University. The diploma does not state that the program was completed online.
While studying, you can join career events with headhunters in finance and accounting, take a micro-module on "Career Planning" with consultants, and participate in networking events with HSE School of Finance alumni. You can also send us your resume, and we will share it with partner companies.
Tuition can be paid in four installments. The first payment is made when signing the contract, and the rest — before the start of each semester.
No, you don’t. You can submit all documents and defend your thesis online.
The program lasts for 2 years. At the end of the first year, you will defend a term paper, and at the end of the second — your thesis.
A government-supported educational loan helps students who are enrolling in paid programs. You don’t need to pay the full semester cost when entering a paid program at HSE Online — the bank will do it for you.
During your entire study period and for 9 months after graduation, you’ll pay only 3% annual interest — the remaining amount can be paid over 15 years. Book a free consultation where we’ll guide you through the loan application and answer all your questions.
During your entire study period and for 9 months after graduation, you’ll pay only 3% annual interest — the remaining amount can be paid over 15 years. Book a free consultation where we’ll guide you through the loan application and answer all your questions.
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