HSE Banking Institute and CFA Institute: Time to Put Down Roots
On September 11, staff of HSE’s Banking Institute and the Chartered Financial Analysts (CFA) Institute planted trees at the park on Maly Gnezdnikovsky Pereulok, commemorating the five-year anniversary of the start of joint projects between CFA Institute and the HSE, as well as the 10-year anniversary of the creation of CFA’s office in Russia, with which the HSE Banking Institute carries out educational programmes in financial analysis.
HSE’s Banking Institute is currently the only educational institution in Eastern Europe, including the former Soviet states, with two programmes that have official CFA Institute partner status: the Financial Analyst master’s programme and the MBA programme in Investment Management.
‘The five-year cooperation has allowed us to better understand the demands of the modern employer. In forming our educational programmes, we first and foremost relied on the research of the CFA Institute. Whereas several years ago few people in our country knew what a CFA was, now a CFA certificate is a recognized brand not only around the world, but in Russia as well. The number of those wanting to receive the certificate grows each year. This is due to the fact that the financial market is narrowing for various reasons, and specialists fluent in contemporary techniques of financial analysis are become more sought-after. Many Russian companies are currently asking for a CFA certificate in selecting candidates for leading positions,’ HSE Banking Institute Director Vasiliy Solodkov said.
The Russian audience of the CFA Association consists of over 10,000 individuals, of which around 6,000 have attempted to take the first of three levels of the exam following a difficult preparation period lasting several months. Around 700 people have currently received a CFA certificate in Russia. ‘The Russian CFA Association is one of the fastest growing in the entire world. A contribution to the spread of the CFA’s high standards is of course being made by the Higher School of Economics as well, in particular the Banking Institute, and this is a great honor for us. Overall, we estimate that about 100 people receive the certificate each year in Russia, and experience has shown that Russian specialists come to CFA more determined than specialists in rest of the world; they come with a clear understanding of their life trajectory. We now believe the time has come to more thoroughly put down roots in Russia, and planting [the trees] is a symbolic method of accomplishing this and establishing a place in Moscow that will be officially connected with the CFA and where certificate holders can regularly meet,’ the General Director of the CFA Russia Association, Vladimir Tutkevich, notes.
Anastasia Chumak, HSE News Service
On March 5, 2019, a team from HSE successfully competed in the finals of the regional stage of the 2018-2019 CFA Institute Research Challenge and is now going to Europe for the next round of the completion which will take place in Zurich on April 10. The winners of the European stage will then go on to the Global Finals in New York.
For the third consecutive year, an HSE team trained by lecturers from the HSE’s Banking Institute is among the winners of the Russian stage of CFA IRC and will now go on to take part in the regional EMEA championship in Prague.
A team from HSE has made it to the Regional Finals of the CFA Institute Research Challenge 2015/2016, recently held in Chicago. The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis.
The Russian final competition in the CFA Institute Research Challenge 2016 has come to a close in Moscow – identifying the two Russian winners. One was the HSE team – the second year running that the HSE has won the Russian stage of the contest.
A team of students on the Financial Economics MA course has won the Russian finals of the CFA Institute Research Challenge. The winners talk about how their studies at the International College of Economics and Finance help them achieve their professional goals.
The final local stage of the annual student financial analysis competition CFA Institute Research Challenge 2014-2015 took place at Moscow Exchange on March 10. Four teams competed in the Russian finals: MSU, HSE, NES and the Financial University under the Government of the Russian Federation.