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CFA Institute (USA) is the largest association of investment professionals in the world. It works in partnership with a limited number of globally diverse, select institutions whose degree programmes cover a significant portion of the CFA Program Candidate Body of Knowledge™, including ethical and professional standards. These universities are recognized leaders and serve as role models for other institutions. In 2009, the MBA in Investment Management offered by the Banking Institute of HSE was recognized by the CFA Institute as a CFA Program Partner. In 2012, another programme provided by the Banking Institute (MA Financial Analyst) was awarded CFA Program Partner status. At present, the MBA in Investment Management and MA Financial Analyst are the only programmes in Russia and the CIS to have been recognized by the CFA Institute as Program Partners. In January 2016, the CFA Institute reaffirmed the Banking Institute of HSE’ status as a CFA Program Partner with respect to our respective MBA in Investment Management and MA Financial Analyst programmes.
One of the CFA Program Partner benefits are scholarships awarded to students of partner programmes that cover approximately 70% of the CFA Exam registration fee (Levels I, II, and III).

You can learn more about how to receive a CFA Program University Student Scholarship at: https://www.hse.ru/en/ma/fin/scholarship.
CFA Association (Russia) is a non-profit organization representing the interests of CFA Charterholders and CFA candidates based in Russia and the CIS. It was founded in 2004 and is a member society of the CFA Institute. In 2012, CFA Russia was recognized as the ‘Most Outstanding CFA’ society worldwide in its size category. In 2015, CFA Association Russia was recognized as the ‘Most Innovative CFA Society’ out of 146 CFA societies in 71 countries.
The Banking Institute of HSE is the official partner of the CFA Association Russia. This partner status grants us ample opportunities to get HSE students involved in different activities of the Association, including participation in the CFA Institute Research Challenge. Furthermore, it gives them a unique advantage to get acquainted with professionals from the financial market.
Furthermore, CFA Association Russia members, including its board members, actively take part in academic events and activities at the Banking Institute of HSE (e.g., as guest speakers).
Inholland University of Applied Sciences (the Netherlands) is one of the oldest partners of the Banking Institute of HSE. Mutual cooperation between the two organizations began in 1995 with the first joint educational programme on “Banking Management”, which was developed with the support of the National Training Foundation and The World Bank.
Inholland University is currently one of the largest UAS in the Netherlands with a student body of around 32,000 persons. Inholland offers well-structured, challenging and high quality education for students with diverse cultural backgrounds.
The experience gained from the project has allowed the Banking Institute of HSE to start two long-term educational programmes in 2002: a post-graduate programme in ‘Banking’ and a MBA in ‘Finance and Banking’ programme certified by the Netherlands Organization for International Cooperation in Higher Education (NUFFIC).
Inholland University of Applied Sciences and the Banking Institute of HSE currently work together in areas such as joint research projects and teaching exchange mobility.
Every year, HSE students are invited to take part in the ‘Sustainable Banking and Finance’ International Intensive Programme. This international project is being carried out by Inholland University of Applied Sciences with the support of a consortium of European universities. It aims at raising awareness of what sustainable banking and finance is, especially in light of the current financial and economic situation.
University of Applied Sciences BFI Vienna (Austria) is one of the leading universities specializing in applied sciences in Austria. At FH BFI Vienna, academic education is combined with practical training. Furthermore, international cooperation has always been one of the university’s main targets. FH BFI Vienna has established a network with more than 80 partner universities in 32 countries.
FH BFI Vienna and the Banking Institute of HSE have signed a student exchange agreement that provides an opportunity for students to study for a semester in Vienna. Furthermore, the partnership, in the framework of the Erasmus+ Programme, offers plenty of mobility opportunities for both students and academic staff, whether in regards to academic study or research work.
FH BFI Vienna takes particular interest and care in facilitating international experience. As such, students are offered short-term mobility options as well. Students also can exchange ideas and gain international experience when they meet with other students from different European countries as part of the university’s ‘International Weeks’ programmes. Master’s students from the Banking Institute of HSE annually take part in the International Master Course Week 'Educating for Global Competence'.
University of Economics in Katowice (Poland) was founded in 1937 and is the biggest and oldest business school in the region, as well as one of the top universities in Poland. Every year, over 11,000 Polish and international students take part in its degree programmes at the Bachelor’s, Master’s, doctoral and post-diploma levels at five faculties: Business, Finance and Administration, Economics, Finance and Insurance, Informatics and Communication, and Management.
The Banking Institute works in partnership with the University of Economics in Katowice under the Erasmus+ Programme. Thanks to this mobility project, our students, scholars, and staff are able to gain greater international exposure and enhance individual global education and administrative initiatives, as well as take them in promising new directions.
Wroclaw University of Economics (Poland) is ranked among the top economic schools in Poland, as well as a leading centre of science and research. Its activities are aimed at maintaining and strengthening its position at the regional, national and international levels, as well as improving its competitive advantage. Furthermore, the university is eager to cultivate its image as a modern institution, which is open and friendly to its employees, students, and the environment. WUE is fully capable of providing in-depth academic training in areas such as economic and management sciences.
The exchange of academic staff and students is carried out under the Erasmus and Leonardo da Vinci programmes. WUE is a party to 115 Erasmus bilateral agreements and around 60 general agreements of cooperation with various foreign partners.
The WUE and Banking Institute of HSE have established a student exchange partnership, including a mobility project in the framework of the Erasmus+ Programme, which provides an opportunity for students to study for a semester in Wroclaw.
University of Siena (Italy) is one of the oldest universities in Italy. It was founded by the Commune government in the early 13th century. Today, the university is composed of nine schools: the School of Economics, School of Engineering, School of Humanities and Philosophy, School of Humanities and Philosophy – Arezzo, School of Jurisprudence, School of Mathematical, Physical and Natural Sciences, School of Medicine and Surgery, School of Pharmacy, and School of Political Science.
The university’s extensive tradition of cooperation with peer institutions throughout the world has given life to a broad network of agreements, thus allowing for maximum development of international mobility on the part of both professors and students.
At present, University of Siena and the Banking Institute of HSE are engaged in joint research projects and teaching exchange mobility with the long-term purpose of strengthening academic and scientific partnerships, as well as developing globally-focused teaching methods.