Summary of Degree Programme
Field of Studies
38.04.08 Finance and Credit
Approved by
приказ от 15.07.2014 № 6.18.1-01/1507-07
HSE University Educational Standard
Last Update
Протокол УС ФЭН №44 от 29.08.2023
Network Programme
No
Length of Studies, Mode of Studies, Credit Load
2 years
Full-time, 120 з.е.
Language of instruction
RUSENG
Instruction in Russian with some courses in English
Qualification upon graduation
Master
Double-degree Programme
No
Use of online learning
With online tools
Tracks
2023/2024 Academic year
ESG Transformation of Business
Type:
Applied
Track Supervisor:
Makeeva, Elena Y.
Language of instruction:
Russian and English
Use of online learning:
With online tools
Qualification upon graduation:
Магистр
Key learning outcomes:
- Explains the relationship between corporate, ESG and financial strategies of companies and analyzes corporate models based on them, taking into account the best practices of sustainable development (COR 1);
- Analyzes the practice of compiling financial and non-financial statements and develops a methodology for applying these indicators to collect and analyze Big Data based on modern digital technologies (COR 2);
- Develops an analytical tool for assessing operational efficiency at all stages of the life cycle of companies (COR 3);
- Develops financial models used to predict the operational and investment performance of the company (COR 4);
- Analyzes the methodology for compiling and modeling ESG ratings and the practice of their application in the disclosure of non-financial indicators of companies (COR 5);
- Implements methods for assessing ESG risks and financial risks and, taking them into account, develops methods for assessing sources of sustainable financing based on financial technologies (COR 6).
Description of the professional field:
- Able to develop investment projects in accordance with the Sustainable Development Goals and assess their direct and indirect effects (PC 1);
- Able to analyze non-financial statements of the company and use its data in predictive work (PC 2);
- Able to assess the company's ESG risks and model their ESG ratings (PC 3);
- Able to develop a risk management policy and algorithm for ESG transformation of companies (PC 4);
- Able to develop financing tools for the sustainable development of the company (PC 5);
- Able to carry out applied research of ESG transformation practices of companies (PC 6).
Description of educational modules:
The Master's degree program structure includes the following educational modules:
1. The Key seminars module is intended to provide the student with an introduction to best practices and/or research relevant to their learning path, coordinated by their mentor.
2. The Practical Module (hereinafter referred to as the Practice) forms the student's competencies, which allow solving practical problems of the chosen professional activity, including design, research, entrepreneurial, expert and analytical. The preparation of the WRC is also carried out as part of the development of the "Practice" module.
3. The Professional Module (hereinafter - Major) provides an opportunity to master the professional competencies necessary to achieve personal educational results of students. It includes the basic disciplines of the direction in econometrics, macroeconomics, the theory of finance, a block of basic disciplines of specialization, and the disciplines of the variable part are also included in accordance with the curriculum of the trajectory of the direction.
4. The Additional Module (hereinafter referred to as the Mago-Lego) gives the student the opportunity to obtain additional competencies that allow personalizing the IEP at the request of the student.
5. The Module of the Final State Certification (hereinafter referred to as the FSC) allows the student to set the level of results of mastering the EP by the student and includes the defense of the final qualifying work (FQW) - the Master Thesis.
Strategies for Managing the Value of Business
Type:
Applied
Track Supervisor:
Ivashkovskaya, Irina
Language of instruction:
Russian and English
Use of online learning:
With online tools
Qualification upon graduation:
Магистр
Key learning outcomes:
- Develops best practices of financing, investing, strategic transactions for sustainable long-term growth of business value (COR-1)
- Implements methods for assessing the value of the company and its structural units (COR-2)
- Analyzes the contribution of corporate strategies to the growth of the company's value, including digital transformation of the company, ESG transformation of the company, strategic business purchase transactions, business focus, restructuring of financially unstable companies (COR-3)
- Develops an analytical tool for evaluating current performance based on the criteria of the contribution of management decisions to the value of the business and adapts to the specifics of the business model of a particular company (COR-4)
- Develops tasks, stages and models of applied research of value growth strategies for different categories of stakeholders of companies (COR-5)
- Develops financial models of long-term value creation processes of companies, taking into account the specifics of its non-financial capital (human, client, organizational, natural/environmental) (COR-6)
Description of the professional field:
- Is able to develop new mechanisms and forms of capital raising, including applying the principles of financial engineering, to combine various properties of financial instruments, to share project risks between investors and to provide financing mechanisms for ESG transformation of businesses (PC-1)
- Able to analyze financial and non-financial information and evaluate the effectiveness of investment projects taking into account the uncertainty factor and the effectiveness of various types of strategic transactions of companies (PC-2)
- Able to build complex financial models to evaluate the results of company restructuring, including digital transformation, creation of business ecosystems and ESG transformation of companies, valuation of companies at different stages of the life cycle (PC-3)
- Able to develop systems of budgets and current operational efficiency management in accordance with the criteria for achieving business value growth (PC-4)
- Able to carry out applied research of money management practices in the context of new trends and challenges of the economy using econometric methods and digital tools for working with data (PC-5)
- Able to develop a risk management policy taking into account new factors related to the processes of digitalization and ESG transformation of companies (PC-6)
- Able to develop analytical support for financial functions in business and the best practices of financial and economic services (analysis, measurement, evaluation, financial planning, financial modeling, performance management, including ecosystems) ahead of the curve, catching rapid changes in the competitive environment of industries (PC-7)
Description of educational modules:
The Master's degree program structure includes the following educational modules:
1. The Key seminars module is intended to provide the student with an introduction to best practices and/or research relevant to their learning path, coordinated by their mentor.
2. The Practical Module (hereinafter referred to as the Practice) forms the student's competencies, which allow solving practical problems of the chosen professional activity, including design, research, entrepreneurial, expert and analytical. The preparation of the WRC is also carried out as part of the development of the "Practice" module.
3. The Professional Module (hereinafter - Major) provides an opportunity to master the professional competencies necessary to achieve personal educational results of students. It includes the basic disciplines of the direction in econometrics, macroeconomics, the theory of finance, a block of basic disciplines of specialization, and the disciplines of the variable part are also included in accordance with the curriculum of the trajectory of the direction.
4. The Additional Module (hereinafter referred to as the Mago-Lego) gives the student the opportunity to obtain additional competencies that allow personalizing the IEP at the request of the student.5. The Module of the Final State Certification (hereinafter referred to as the FSC) allows the student to set the level of results of mastering the EP by the student and includes the defense of the final qualifying work (FQW) - the Master Thesis.
1. The Key seminars module is intended to provide the student with an introduction to best practices and/or research relevant to their learning path, coordinated by their mentor.
2. The Practical Module (hereinafter referred to as the Practice) forms the student's competencies, which allow solving practical problems of the chosen professional activity, including design, research, entrepreneurial, expert and analytical. The preparation of the WRC is also carried out as part of the development of the "Practice" module.
3. The Professional Module (hereinafter - Major) provides an opportunity to master the professional competencies necessary to achieve personal educational results of students. It includes the basic disciplines of the direction in econometrics, macroeconomics, the theory of finance, a block of basic disciplines of specialization, and the disciplines of the variable part are also included in accordance with the curriculum of the trajectory of the direction.
4. The Additional Module (hereinafter referred to as the Mago-Lego) gives the student the opportunity to obtain additional competencies that allow personalizing the IEP at the request of the student.5. The Module of the Final State Certification (hereinafter referred to as the FSC) allows the student to set the level of results of mastering the EP by the student and includes the defense of the final qualifying work (FQW) - the Master Thesis.
2022/2023 Academic year
ESG Transformation of Business
Type:
Applied
Track Supervisor:
Makeeva, Elena Y.
Language of instruction:
Russian and English
Use of online learning:
With online tools
Qualification upon graduation:
Магистр
Key learning outcomes:
- Explains the relationship between corporate, ESG and financial strategies of companies and, based on them, analyzes corporate models, taking into account the best practices of sustainable development (COP 1);
- Analyzes the practice of compiling financial and non-financial reporting and develops a methodology for applying these indicators for collecting and analyzing Big Data based on modern digital technologies (cOR 2);
- Develops an analytical apparatus for assessing operational efficiency at all stages of the life cycle of companies (KOR 3);Develops financial models used to predict the company's operating and investment performance (cOR 4);
- Analyzes the methodology for compiling and modeling ESG ratings and the practice of their application in the disclosure of non-financial indicators of companies (COR 5);
- Implements methods for assessing ESG risks and financial risks and, taking them into account, develops methodologies for assessing sources of sustainable financing based on financial technologies (COR 6).
Description of the professional field:
- Able to develop investment projects in accordance with the goals of sustainable development and evaluate their direct and indirect effects (PC 1);
- Able to analyze the company's non-financial reporting and use its data in forecast work (PC 2);
- Able to assess the company's ESG risks and model their ESG ratings (PC 3);Able to develop a risk management policy and algorithm for the ESG transformation of companies (PC 4);
- Able to develop financial instruments for sustainable development of the company (PC 5);
- Able to carry out applied research on ESG practices of company transformation (PC 6).
Description of educational modules:
The structure of the master's program includes the following educational modules:
Key Seminars module to provide the student with an introduction to best practices and/or research relevant to their learning path, coordinated by their mentor.
The practical module (hereinafter referred to as the Practice) forms the student's competencies that allow solving practical problems of the chosen professional activity, including design, research, entrepreneurial, expert and analytical. The preparation of the WRC is also carried out as part of the development of the "Practice" module.
The professional module (hereinafter - Major) provides an opportunity to master the professional competencies necessary to achieve personal educational results of students. It includes the basic disciplines of the direction in econometrics, macroeconomics, the theory of finance, a block of basic disciplines of specialization, and the disciplines of the variable part are also included in accordance with the curriculum of the trajectory of the direction.
An additional module (hereinafter referred to as MagoLego) gives the student the opportunity to obtain additional competencies that allow personalizing the IEP at the request of the student.
The module of the state final attestation (hereinafter referred to as the GIA) allows you to set the level of results of mastering the EP by the student and includes the defense of the final qualifying work.
Key Seminars module to provide the student with an introduction to best practices and/or research relevant to their learning path, coordinated by their mentor.
The practical module (hereinafter referred to as the Practice) forms the student's competencies that allow solving practical problems of the chosen professional activity, including design, research, entrepreneurial, expert and analytical. The preparation of the WRC is also carried out as part of the development of the "Practice" module.
The professional module (hereinafter - Major) provides an opportunity to master the professional competencies necessary to achieve personal educational results of students. It includes the basic disciplines of the direction in econometrics, macroeconomics, the theory of finance, a block of basic disciplines of specialization, and the disciplines of the variable part are also included in accordance with the curriculum of the trajectory of the direction.
An additional module (hereinafter referred to as MagoLego) gives the student the opportunity to obtain additional competencies that allow personalizing the IEP at the request of the student.
The module of the state final attestation (hereinafter referred to as the GIA) allows you to set the level of results of mastering the EP by the student and includes the defense of the final qualifying work.
Strategies for Managing the Value of Business
Type:
Applied
Track Supervisor:
Ivashkovskaya, Irina
Language of instruction:
Russian and English
Use of online learning:
With online tools
Qualification upon graduation:
Магистр
Key learning outcomes:
- Develops best practices for financing, investing, strategic transactions for sustainable long-term growth in business value (COR 1)
- Implements methods for assessing the value of a company and its structural divisions (COR 2)
- Analyzes the contribution of corporate strategies to the growth of the company's value, including digital transformation of the company, ESG transformation of the company, strategic business acquisition transactions, business focusing, restructuring of financially unstable companies (COR 3)
- Develops an analytical apparatus for assessing current performance according to the criteria for the contribution of management decisions to business value and adapts to the specifics of the business model of a particular company (COR 4)
- Develops tasks, stages and models of applied research on value growth strategies for different categories of company stakeholders (COR 5)
- Develops financial models of long-term value creation processes of companies, taking into account the specifics of its non-financial capital (human, client, organizational, natural / environmental) (COP 6)
Description of the professional field:
- Able to develop new mechanisms and forms of capital raising, including applying the principles of financial engineering, to combine various properties of financial instruments, share project risks between investors and provide financing mechanisms for ESG - business transformation (PC-1)
- Able to analyze financial and non-financial information and evaluate the effectiveness of investment projects, taking into account the uncertainty factor and the effectiveness of various types of strategic transactions of companies (PC-2)
- Able to build complex financial models to evaluate the results of company restructuring, including digital transformation, creation of business ecosystems and ESG - company transformation, company valuation at different stages of the life cycle (PC-3)
- Able to develop systems of budgets and current management of operational efficiency in accordance with the criteria for achieving business value growth (PC-4)
- Able to carry out applied research on money management practices in the face of new trends and challenges in the economy using econometric methods and digital data tools (PC-5)
- Able to develop a risk management policy taking into account new factors related to the processes of digitalization and ESG transformation of companies (PC-6)
- Able to develop analytical support for financial functions in business and best practices of financial and economic services (analysis, measurement, evaluation, financial planning, financial modeling, performance management, including ecosystems) proactively, capturing rapid changes in the competitive environment of industries (PC-7)
Description of educational modules:
The structure of the master's program includes the following educational modules:
Key Seminars module to provide the student with an introduction to best practices and/or research relevant to their learning path, coordinated by their mentor.The practical module (hereinafter referred to as the Practice) forms the student's competencies that allow solving practical problems of the chosen professional activity, including design, research, entrepreneurial, expert and analytical.
The preparation of the WRC is also carried out as part of the development of the "Practice" module.
The professional module (hereinafter - Major) provides an opportunity to master the professional competencies necessary to achieve personal educational results of students. It includes the basic disciplines of the direction in econometrics, macroeconomics, the theory of finance, a block of basic disciplines of specialization: company valuation (advanced level), principles of corporate finance, company value management and disciplines of the variable part in accordance with the curriculum of the direction trajectory:
Module of the state final certification (hereinafter referred to as GIA) allows you to set the level of results of mastering the EP by the student and includes the defense of the final qualifying work.
Key Seminars module to provide the student with an introduction to best practices and/or research relevant to their learning path, coordinated by their mentor.The practical module (hereinafter referred to as the Practice) forms the student's competencies that allow solving practical problems of the chosen professional activity, including design, research, entrepreneurial, expert and analytical.
The preparation of the WRC is also carried out as part of the development of the "Practice" module.
The professional module (hereinafter - Major) provides an opportunity to master the professional competencies necessary to achieve personal educational results of students. It includes the basic disciplines of the direction in econometrics, macroeconomics, the theory of finance, a block of basic disciplines of specialization: company valuation (advanced level), principles of corporate finance, company value management and disciplines of the variable part in accordance with the curriculum of the direction trajectory:
Course 1
Venture CapitalCorporate models based on sustainable development criteria, Business performance management, Financial modeling: corporate and industry specifics, Programming for financiers-1, Corporate Governance and Compliance (taught in English)
Course 2
Corporate Governance and Compliance (taught in English),Taxation and Tax Planning (taught in English), International Financial Reporting Standards (Advanced), Restructuring of financially unstable companies, Risk management, Mergers and acquisitions of companies
An additional module (hereinafter referred to as MagoLego) gives the student the opportunity to obtain additional competencies that allow personalizing the IEP at the request of the student. Module of the state final certification (hereinafter referred to as GIA) allows you to set the level of results of mastering the EP by the student and includes the defense of the final qualifying work.
Competitive Advantages
«Корпоративные финансы» – это программа, готовящая специалистов, способных не только оказывать аналитическую поддержку стратегическим направлениям деятельности компаний и привлечению финансирования, но и развивать финансовое лидерство. Выпускники востребованы в самых современных компаниях любого отраслевого профиля, включая стратегический консалтинг. Обучение магистрантов проходит при участии практиков из KEPT (KPMG), Б1 (E&Y), ТеДо (PricewaterhouseCoopers), ДРТ (Deloitte).
8 причин, почему корпоративным финансам надо учиться у нас:
- Наш университет – единственный в России, вошедший в топ-150 университетов мира в области финансов и бухучета в глобальном рейтинге QS.
- Наша команда – лидер в стране в исследованиях в корпоративных финансах. Мы – единственная команда в России, выпустившая серию книг и статей с прикладными результатами исследований на данных БРИКС.
- Именно наш коллектив первый и пока единственный в России разработал и реализовал курсы и прикладную финансовую специализацию во всемирно известной on-line платформе Coursera.
- Мы неустанно укрепляем нашу собственную траекторию роста в корпоративных финансах, ведем проекты на основе количественного анализа массивов данных и делаем 8-10 докладов в год на научных конференциях в Европе и Азии.
- Мы создали новую для российского бизнеса концепцию и оригинальный инструментарий анализа компании на основе оценки ее рисков и изменений в стоимости бизнеса.
- Наша команда активно использует проектные формы работы в преподавании профессионального ядра дисциплин программы и добивается развития у студентов навыков прикладного анализа потоков данных российских компаний.
- Мы концентрируем свои усилия на развитии мастерства финансового обоснования решений у наших студентов и поэтому разработали серию проектных мастерских по финансовому управлению в России, которые ведут выдающиеся практики из разных отраслей и компаний.
- Мы сотрудничаем с зарубежными университетами, чтобы активные студенты могли участвовать в программах двойных дипломов.
Professional Activities and Competencies of Programme Graduates
Выпускник по направлению подготовки «Финансы и кредит» с квалификацией (степенью) «магистр» в соответствии с образовательным стандартом НИУ ВШЭ 2020 г., с задачами профессиональной деятельности и целями основной образовательной программы обладает следующими профессиональными компетенциями:
Выпускник траектории 1. "Стратегии управления стоимостью компании"
- Способен разрабатывать новые механизмы и формы привлечения капитала, в том числе применяя принципы финансовой инженерии, для сочетания разнообразных свойств финансовых инструментов, разделения проектных рисков между инвесторами и обеспечения механизмов финансирования ESG -трансформации бизнесов (ПК-1)
- Способен осуществлять анализ финансовой и нефинансовой информации и оценивать эффективность инвестиционных проектов с учетом фактора неопределенности и эффективность разных видов стратегических сделок компаний (ПК-2)
- Способен строить сложные финансовые модели для оценки результатов реструктуризации компаний, включая цифровую трансформацию, создание экосистем бизнеса и ESG - трансформацию компаний, оценки стоимости компаний на разных стадиях жизненного цикла (ПК-3)
- Способен разрабатывать системы бюджетов и текущего управления операционной эффективностью в соответствии с критериями достижения роста стоимости бизнеса (ПК-4)
- Способен осуществлять прикладные исследования практик управления капиталом в условиях новых трендов и вызовов экономики с использованием эконометрических методов, и цифровых инструментов работы с данными (ПК-5)
- Способен разрабатывать политику риск-менеджменте с учетом новых факторов, связанных с процессами цифровизации и ESG трансформации компаний (ПК-6)
- Способен разрабатывать аналитическое обеспечение финансовых функций в бизнесе и лучшие практики финансово-экономических служб (анализа, измерения, оценки, финансового планирования, финансового моделирования, управления эффективностью, включая экосистемы) с опережением, улавливая быстрые изменения в конкурентной среде отраслей (ПК-7)
Выпускник траектории 2. "ESG трансформация бизнеса"
- Способен разрабатывать инвестиционные проекты в соответствии с целями устойчивого развития и оценивать их прямые и косвенные эффекты (ПК 1);
- Способен анализировать нефинансовую отчетность компании и использовать ее данные в прогнозной работе (ПК 2);
- Способен оценивать ESG риски компании и моделировать их ESG рейтинги (ПК 3);
- Способен разрабатывать политику и алгоритм риск-менеджмента для ESG трансформации компаний (ПК 4);
- Способен разрабатывать инструменты финансирования устойчивого развития компании (ПК 5);
- Способен осуществлять прикладные исследования практик ESG трансформации компаний (ПК 6).
Programme Modules
Корпоративные финансы – это отдельная новая для России область знаний. Здесь речь идет об изучении движения денег, а также других форм капитала как в бизнес (привлечение и инвестирование), так и из него (выплаты). Для эффективной организации этой работы требуется особая методология, система принципов и концепций, необходимых для понимания и численной оценки мотивов поведения инвесторов (собственников и кредиторов) и менеджеров по всей цепочке движения капитала и денег. С точки зрения роли в карьерном росте мы выделяем следующие блоки дисциплин.
Структура ОП магистратуры включает в себя следующие образовательные модули:
- Модуль «Ключевые семинары» для получения студентом представления о передовом опыте и/или исследованиях, соотнесенных с тематикой его траектории обучения, координируемый своим наставником.
- Практический модуль (далее – Практика) формирует компетенции студента, позволяющие решать практические задачи выбранной профессиональной деятельности, включая проектную, научно-исследовательскую, предпринимательскую, экспертно-аналитическую. Подготовка ВКР также проводится в рамках освоения модуля «Практика».
- Профессиональный модуль (далее – Major) предоставляет возможность освоить профессиональные компетенции, необходимые для достижения персональных образовательных результатов студентов. В него входят базовые дисциплины направления по эконометрике, макроэкономике, теория финансов, блок основных дисциплин специализации и также же включены дисциплины вариативной части в соответствии с учебным планом траектории направления.
- Дополнительный модуль (далее – МагоЛего) даёт студенту возможность получить дополнительные компетенции, позволяющие персонализировать ИУП по запросу студента.
- Модуль государственной итоговой аттестации (далее – ГИА) позволяет установить уровень результатов освоения студентом ОП и включает в себя защиту выпускной квалификационной работы.
Information about choosing tracks / Selection (Assignment) of Tracks/Specializations
Образовательная программа магистратуры предусматривает подготовку студентов по двум траекториям:
1. Стратегии управления стоимостью компании
Вид: прикладная
Язык реализации: русский и английский
Наставник: д.э.н., профессор Ивашковская И.В.
2. ESG трансформация бизнеса
Вид: прикладная
Язык реализации: русский и английский
Наставник: к.э.н., доцент Макеева Е.Ю.
Options for Students with Disabilities
This degree programme of HSE University is adapted for students with special educational needs (SEN) and disabilities. Special assistive technology and teaching aids are used for collective and individual learning of students with SEN and disabilities. The specific adaptive features of the programme are listed in each subject's full syllabus and are available to students through the online Learning Management System.
Programme Documentation
All documents of the degree programme are stored electronically on this website. Curricula, calendar plans, and syllabi are developed and approved electronically in corporate information systems. Their current versions are automatically published on the website of the degree programme. Up-to-date teaching and learning guides, assessment tools, and other relevant documents are stored on the website of the degree programme in accordance with the local regulatory acts of HSE University.
I hereby confirm that the degree programme documents posted on this website are fully up-to-date.
Vice Rector Sergey Yu. Roshchin