1st October, 2023
Full-time, 100% online
Start
Format
2 academic years
Duration
Full-time online Master’s degree
MASTER
OF FINANCE
OF FINANCE
Gain sought-after skills and knowledge, valued by leading employers in Russia and worldwide
RECRUITMENT IS CLOSED
ENG
ONLINE
Official Master’s diploma with supplement in English
WHY FINANCIAL ANALYSIS IS RELEVANT
Financial analysts, who have a direct impact on a company’s profit growth, are in a very high demand. According to ISSEK (HSE's Institute for Statistical Studies and Economics of Knowledge), this profession is one of the top 25 with the highest potential for the future.
U.S. Bureau of Labor Statistics predicts that the demand for financial analysts will increase by min. 6% by 2029.
U.S. Bureau of Labor Statistics predicts that the demand for financial analysts will increase by min. 6% by 2029.
Why financial analysis is worth studying today
High salaries
Career opportunities in top companies in Russia and worldwide
A highly demanded job in a promising field
Allows working remotely
What Financial Analysts do
Provide investment solutions
Find resources for business development
Create financial models and forecasts
Help to optimize finance
Analyze and control financial risks
Use financial innovations to develop new services and products
Financial Analysts work in
Government corporations and fin tech
Management and investment companies
Rating agencies
IT companies and banks
Consulting and auditing companies
Financial institutes
WHY FINANCIAL ANALYSIS IS RELEVANT
Financial analysts, who have a direct impact on a company's profit growth, are in a very high demand. According to ISSEK (HSE's Institute for Statistical Studies and Economics of Knowledge), this profession is one of the top 25 with the highest potential for the future.
U.S. Bureau of Labor Statistics predicts that the demand for financial analysts will increase by min. 6% by 2029.
U.S. Bureau of Labor Statistics predicts that the demand for financial analysts will increase by min. 6% by 2029.
Why financial analysis is worth studying today
Career opportunities in top companies in Russia and worldwide
High salaries
Allows working remotely
A highly demanded job in a promising field
What Financial Analysts do
Provide investment solutions
Find resources for business development
Create financial models and forecasts
Help to optimize finance
Analyze and control financial risks
Use financial innovations to develop new services and products
Financial Analysts work in
Government corporations and fin tech
Management and investment companies
Rating agencies
IT companies and banks
Consulting and auditing companies
Financial institutes
WHY FINANCIAL ANALYSIS IS RELEVANT
Financial analysts, who have a direct impact on a company’s profit growth, are in a very high demand. According to ISSEK (HSE's Institute for Statistical Studies and Economics of Knowledge), this profession is one of the top 25 with the highest potential for the future.
U.S. Bureau of Labor Statistics predicts that the demand for financial analysts will increase by min. 6% by 2029.
U.S. Bureau of Labor Statistics predicts that the demand for financial analysts will increase by min. 6% by 2029.
Why financial analysis is worth studying today
Career opportunities in top companies in Russia and worldwide
High salaries
Allows working remotely
What Financial Analysts do
Provide investment solutions
Find resources for business development
Create financial models and forecasts
Help to optimize finance
Analyze and control financial risks
Financial Analysts work in
Government corporations and fin tech
Management and investment companies
Rating agencies
IT companies and banks
A highly demanded job in a promising field
Use financial innovations to develop new services and products
Consulting and auditing companies
Financial institutes
EMPLOYERS SEEK DATA ANALYSIS EXPERTS
Junior
< 1 year of experience
of 100 000 RUB
Middle
1-3 years of experience
of 150 000 RUB
Senior
More than 3 years of experience
of 250 000 RUB
WORK IN THE LEADING BUSINESSES
Our graduates can pursue their careers in financial analysis as Financial Analysts, Strategic and Financial Managers, Finance and Investment Directors in the following companies:
REQUEST A FREE CONSULTATION
ABOUT HSE
1 place
Forbes Russian university ranking
TOP-70
THE Emerging Economics University Ranking
3rd place
demand for graduates RAEX ranking
ABOUT HSE
ABOUT OUR PROGRAM
Master of Finance is a unique online Master’s degree that was developed in HSE on the basis of international standards: up-to-date and innovative approach to financial analysis. Our teachers are leading industry experts, they hold CFA, FRM, ACCA certificates.
Last academic year, students ranked the course content 4,5/5* and teaching 4,6/5*
*According to student assessment of the teaching process
LEARNING PROCESS
Flexible learning
You can watch pre-recorded lectures at your own pace at any time of your convenience
Comfortable learning schedule
Real-time webinars and project sessions take place in the evenings and on Saturdays, to suit students from different time zones.
Full-time access to materials
Pre-recorded lectures are available at once, so students can establish their study plans according to their personal schedules
Personalized learning tracks
Our program includes projects, seminars and masterclasses with leading experts in finance from Russia and other countries.
1
2
3
4
Theory anytime
You are free to choose extra courses, organize your own schedule and control the intensity of your learning process
5
CURRICULUM
Module 1
Quantitative Methods in Finance
Macroeconomics (Advanced Level)
Module 2
Quantitative Methods in Finance
Macroeconomics (Advanced Level)
Module 3
Corporate Issuers
Econometrics (Advanced Level)
Time Series Analysis
Module 4
Financial Markets: FX, Debt and Equity Market
Investment Banking. Merges and Acquisitions
Project and Venture Financing
Core subjects
Elective courses
Entrepreneurship
and Financial Environment
and Financial Environment
Stochastic Analysis in Finance
Theory of Finance
Theory of Finance
Financial Reporting and Analysis
Module 1
Alternative Investments
Derivatives and Financial Engineering
Module 2
Portfolio Management and Wealth Planning
CFA Ethic and Professional Standards
Module 3
CFA Ethic and Professional Standards
Advanced Data Analysis & Machine Learning in Finance
Financial Risk Management
Module 4
Final Qualification Paper
Core subjects
Elective courses
Financial Modelling
Theory of Finance
OUR TEACHERS
Dmitry Ryabykh
CFA, “Alt-Invest” CEO, CFA Russia Association’s President 2018-2019
Sergey Zakharov
CFA, PhD in Economics, Managing Director - Gazprombank Corporate Financing Department
Anton Shpuntov
CFA, Head of Investment fund and alternative investment analysis department - Interros holding company
Andrey Kulakov
CFA, FRM, executive director of Market conditions analysis department - Gazprombank
Alexander Kudrin
PhD in Physics and Mathematics, HSE Banking Institute Professor, chief strategist and Managing Director - ATON
Elena Dimova
PhD in Economics MBA, Strategic Planning and Development Director - Stratoprint. HSE Best Teacher – 2022, 2021, 2020
Vasily Solodkov
HSE Professor, HSE Banking Institute Director, Master of Finance’ academic supervisor
SKILLS YOU WILL LEARN
ADMISSION CHECKLIST
Learn more about our program and your future profession below
Register and pass the entrance exam
Sign the contract
Start learning and become a qualified professional
and we will answer all your questions
File your application online via your Personal account
OUR STUDENTS SAY
When I decided to resume my education, I was looking for high-quality programs in the country’s best universities. This is how I found HSE’s Master of Finance and I’m happily studying here for the second year. Not only does it provide knowledge, it also makes my brain work hard, and doesn’t let it go stale. I like it a lot!
I also would like to acknowledge teachers' great work. Their commitment to their job transpires through all lectures and online seminars.
I also would like to acknowledge teachers' great work. Their commitment to their job transpires through all lectures and online seminars.
Dmitry Perkov
Master of Finance 2nd year student
After finishing my English and Literature Bachelor’s degree in a well-known Korean university, I chose HSE’s Master of Finance. I settled with finance mostly because of my love for this field, and I also wanted to learn a highly demanded, practical job. HSE helped me understand that an education in finance will drive me to a new level not only in the financial field, but also in management.
All courses are supervised by our CFA-certified professors with rich expertise in the industry. The program is flexible, so it would be ideal for those who want to combine studying with other areas of life.
All courses are supervised by our CFA-certified professors with rich expertise in the industry. The program is flexible, so it would be ideal for those who want to combine studying with other areas of life.
Kyung-se Park
Master of Finance 2nd year student
ONLINE DEGREE ADVANTAGES
Perfect for working students from anywhere around the world
International student mobility programs
Individual learning tracks
Flexible format
Access to HSE’s online resources
WANT TO APPLY?
Please leave your contact details and we’ll get back to you in no time
1 semester tuition fees
190 000 RUB
(4 semesters in total)
To learn more about our discounts, request a consultation
STUDENT FAQ
- Financial Reporting and Analysis — you will study main financial reporting systems IFRS and GAAP. This course also covers key financial documents, working capital and long-term asset analysis
- Quantitative Methods in Finance — this course covers probability theory, time value of money, correlation analysis and regression
- Financial Markets: FX, Debt and Equity Market — we will dive into the modern currency market functioning, cryptocurrencies, hedging and arbitration techniques, stock market infrastructure
- Corporate Finance — you will comprehend corporate management, dividend policies, investment decision-making
- Portfolio Management — you will learn about investment portfolio management for individuals and legal entities. This course has a separate chapter about retirement plan and bonus packages analysis
- Alternative Investments — you will have a look at real estate investments, venture capital, Private banking, hedge funds, non-marketable securities and goods value assessment
- Derivatives and Financial Engineering — you will study derivatives, including forward contracts, futures, options, swaps, credit derivatives, structured products, as well as the corresponding markets' infrastructure and pricing issues
- CFA Ethic & Professional Standards — you will adopt CFA ethics and professional standards, which are necessary to work in the modern financial market.
It depends on the results of the admission exam, which is your portfolio. We welcome everyone who is interested in finance, economics, mathematics and modelling. And if you want to strengthen your knowledge before applying, try our open online courses
B1 is the minimal level for you to be comfortable with our program. Of course there’s no problem if you make mistakes. If you feel uneasy about asking questions in English out loud, you are always welcome to write in the webinar chat.
In our Master’s degree, you can study at any time of your convenience. You will be informed about real-time seminars and project sessions beforehand, most lectures are pre-recorded. So you can plan your studies according to your personal schedule.
You will have real-time seminars, project sessions and masterclasses. You are welcome to talk to the teachers in class and also communicate with the course assistants via our platform and messengers.
You will receive HSE’s official Master’s diploma, specialty 38.04.08 Finance and Credit with a supplement in English. It will not be specified that you studied online.
Tuition fees are split in 4 payments, one before each semester. You make your first payment as you sign your contract before enrolling.
Our Master’s degree takes 2 academic years to complete, this duration is fixed.
You don’t have to come to campus, all our communication with the students is done online. Your thesis defense will also be held online.
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