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Master’s Programme 'Financial Economics'

The Financial Economics Master’s programme trains students in the core principles of economics and finance and enables them to explore specific areas of interest through a wide range of electives.

The programme is taught in collaboration with the London School of Economics and Political Science (LSE). Graduates enjoy successful careers in the financial sector, working in corporate finance, business assessment, quantitative finance, strategic consulting, or academia, in Russia and internationally.

The programme is taught in the center of Moscow, giving students easy access to major Russian and global businesses and research centers.

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2 years
Full-time Programme
360 000 RUB/year
Tuition Fee in 2018
Russian government and HSE scholarships and tuition fee waivers available
Instruction in English
Anna Yurko, PhD Associate Professor, Member of International Academic Subcommittee ICEF MSc Programme in Financial Economics


ICEF alumni continue their education on best PhD and MBA programmes

Paper of M. Nikitin in the Games and Economic Behavior


New ICEF Faculty

ICEF continues to recruit teachers with the internationally recognized qualifications (PhD).

HSE among the World’s Top 200 Most International Universities

The Higher School of Economics has been ranked 162nd in a new ranking of the world’s most international universities compiled by Times Higher Education.

Kosmas Marinakis, ICEF Assistant Professor, about HSE Olympiad in Financial Economics

On March 23-25, 2018 the HSE Olympiad for Students and Graduates will take place in Moscow and other cities in Russia and abroad. University students and recent graduates are invited to take part in the Olympiad Competitions. The registration deadline is March 12, 2018 15:00 (UTC+3). Participation in the Olympiad is free. Olympiad winners and prize awardees of the Olympiad in Financial Economics will be at an advantage when applying for HSE ICEF’s Master’s programme in Financial Economics.

Alumni Reunion-2017 at ICEF

On December 28, 2017, ICEF held an alumni reunion event for its graduates.

ICEF alumni reunion in London 2017

December 8, 2017 the London School of Economics (LSE) organized the reception for ICEF HSE BSc and MSc alumni dedicated to College's 20th Anniversary. Around 40 graduates who continue their education or work in London visited the reunion.

Admissions Made Easy for International Students: 2018/2019 Academic Year

On November 15, international student admissions for undergraduate and Master’s programmes opened. This year, prospective students can apply to two programmes simultaneously. They’ll be able to track the application process online in their personal profile on the HSE website where they will receive notifications on the stages of their application’s review and decisions by the admissions committee. The documents for visa invitation can also be submitted there.

Illustration for news: Open Doors Competition Gives International Students Opportunity to Study in Russia

Open Doors Competition Gives International Students Opportunity to Study in Russia

Registration is now open for the Open Doors: Russian Scholarship Project, Russia’s first competition for international students applying to Master’s programmes. With registration open until December 30, the competition consists of two remote stages: a portfolio contest and an online contest. The first stage will take place from December 1 to 30.

Honorary lecture by a Nobel prize laureate Professor Sir Christopher Pissarides

On November 10, Sir Christopher Pissarides, Nobel Prize laureate in Economics and Professor at the London School of Economics, spoke at ICEF HSE.