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This MSc programme enables students to master advanced technologies used to develop innovative financial products and become highly sought-after employees in modern dynamic financial sector.
By the time they graduate, students will have acquired the skills to handle large volumes of numerical data, effectively invest both personal and private funds using modern investment strategies and to develop new tools for protecting investors from emerging risks. You will also be thoroughly conversant in pricing, hedging, futures, and options.
Russian government and HSE scholarships and tuition fee waivers not applicable
What you will study
Thirty percent of this master’s programme consists of fundamental financial disciplines and 70% involves subjects directly related to the profession. This flexible approach enables you to customize an individual curriculum focusing on those segments of the financial industry that most interest you.
Theory of Finance
Financial Markets, Institutions and Instruments
Designing and Managing Investment Portfolios
Financial Markets: Problems and Solutions
Financial Market Analysis
Diagnosing a Company’s Financial Condition
Building Structural Financial Products
International and Financial Markets
Fundamentals of Quantitative Finance
Python Programming Basics
Legal Regulation of the Securities Market
Derivative Financial Instruments
Structuring Mergers and Acquisitions
Types of Financial Risk and How to Manage Them
IT for Financiers
Analysis and Evaluation of Investment Projects
Understanding Deep Learning
Personal Capital: Management and Operations
Basics of Machine Learning in Financial Practices
Investment Strategies for Conservative Investors
Advantages of this master’s programme
Teaching staff—Classes are conducted by financial industry professionals from the Ministry of Finance, Sberbank, Central Bank, the Moscow Stock Exchange, Finam Bank, Alfa-Bank, Renaissance Capital, KPMG, and other financial organizations.
Internship opportunities—Representatives of such major financial entities as Rosneft, Rosnano, Lukoil, Freedom Finance, Raiffeisenbank, the Ministry of Finance, Central Bank, Sbertekh, VTB Capital and KPMG regularly approach us with internship offers.
Active work with such databases as Bloomberg, Thomson Reuters, Bureau van Dijk, SPARK, etc.
Dual degree programmes—Although you will be based in Moscow, Russia, HSE University partners with many foreign universities that provide strong financial training and where students can complete internships or part of their studies and receive two master’s degrees — from HSE and the foreign partner university.
During your studies
In addition to a flexible curriculum, the programme includes research projects, as well as a research seminar on current problems in the development of financial markets and projects led by market practitioners and experts who hold key positions in financial institutions and companies in the real sector.
Projects that students can undertake include the following:
Analysis of trends and prospects for the development of the global and Russian ETF market
Trading bonds on the OTC market
What investors need from mobile brokerage applications
Designing structural products for retail investors
Assessing the influence of regulatory measures on corporate bond market development
Software tools for solving financial engineering problems
Analysis of high yield bonds
Invest strategies: back-testing and constructing
Estimation of risk-profile of inbestors
Master’s students can also earn a double degree with such partner universities as Paris 1 Pantheon-Sorbonne (France), Humboldt University (Germany), Lancaster University (UK), Erasmus University (Netherlands), the University of Luxembourg (Luxembourg) and others.
Graduates of the financial engineering program have the necessary skills to build a successful career in investment and commercial banks working as analysts, individual banking specialists and department heads, especially at Bank of America, Merrill Lynch, Sberbank, VTB, Gazprombank, Alfa-Bank, and Goldman Sachs.
Our graduates work in real sector corporations. They hold positions in investment, financial services and shareholder relations departments at Rosneft, Russian Railways, Rosnano, Lukoil, GMK, Norilsk Nickel, VimpelCom and Magnezit. Many of our graduates build careers in companies that develop new financial technologies (Fintech, Sberbank, Sbertekh, the Mezzanine Finance Fund), as well as in consulting and insurance companies (Ingosstrakh, Rosno, VTB Insurance, and KPMG).
How to apply
You can enroll in the Financial Engineering master’s programme based on the results of academic competitions or the HSE University entrance exams.
Enrollment is based on a competitive selection (portfolio). International applicants can receive individual consultations and submit their portfolios for preliminary review.
Applicants must pass a qualifying exam in English that includes written and listening components or present a certificate indicating a suitable level of English language proficiency.
Detailed information on portfolio requirements can be found here.
All students are admitted on a fee-paying basis only.
Gao Song from China, master student at HSE Financial Engineering Program, applied and was successfully admitted to study for a masters in Quantitative Economics and Finance at the University of Luxembourg during his second year of masters studies at HSE. Upon successful completion of both programs, he will be awarded a masters degree from both institutions. From the Fall 2023, Gao Song will start his PhD program as a Doctoral Researcher at the Parallel Computing and Optimization Group (PCOG) in the Computer Science Department at the University of Luxembourg
TASS has held a press conference devoted to the results of the admissions campaigns of three leading Russian universities: MGIMO, HSE University, and Bauman University. The universities’ rectors revealed the most popular fields of study and other details of the admissions campaigns. The key results of the HSE University admissions campaign include greater demand for the campuses outside Moscow, an increase in the number of enrolments by winners of olympiads, and the university’s continued popularity among foreign applicants.
HSE University is one of the best Russian universities (4th place) and consistently ranks among the top 150 best universities in the world (142nd place) according to the Three University Missions world ranking that has been published since 2017.