Russia’s Only CFA Program Partner Attracts Diverse Group of Students
The HSE Banking Institute welcomes international students from around the world who have expressed growing interest in our Financial Analyst Master’s programme, which is conducted entirely in English and is the only such programme in Russia and the CIS to be recognized by the CFA Institute as a Program Partner. The Banking Institute provides both exchange and Master’s students the opportunity to study best global practice in the areas of investment and financial analysis from a truly global perspective.
At present, students from Austria, China, Germany, Italy, Finland, and France have already joined the programme as exchange students, giving classrooms a multicultural atmosphere. Students benefit from the programme’s cultural diversity through unique opportunities to make life-long friendships with students and faculty from around the world.
Two of the students share their experiences in the programme.
Zhou Yang, Beijing, China
I got my first master’s degree (MA) at a university in Beijing. But I’ve always been interested in finance. So in 2015 I decided to join the Financial Analyst MA programme offered by the HSE Banking Institute.
The programme is mostly taught in English and is very suitable for foreign students. The teachers are all very friendly and experienced. While studying on this programme I have not only enhanced my understanding of the theoretical side to finance, but also come to learn about the best financial practices. It also offers students numerous opportunities to participate in a range of research and practical activities related to financial sector.
I'm sure that what I have learned on this programme will help me significantly in my career and that it will also help me better understand the Russian economy and finance.
Vladimir Botoev, Ulan-Ude, Republic of Buryatia, Russia
I am a final year student of Financial Analyst Master’s programme of the Banking Institute of HSE and currently I hold one of the top places in cumulative rating of students from my group. While studying at this programme I had a lot of opportunities to take part in a number of international projects. In January 2016, I took part in international competition on risk management - PRMIA Risk Management Challenge - and our team won 3rd prize at Russian Final. In February 2016, I participated in the International Master Course Week on Educating for Global Competence, which was organized by the University of Applied Sciences bfi Vienna. In April 2016, as a member of HSE student team I took part in the International Intensive Programme ‘Sustainable Banking and Finance’, which was organized by a consortium of European universities conducted at the University College of Ghent, Belgium.
The CFA Program Partner status of the Financial Analyst Master’s programme enabled me to successfully pass the CFA Level I Exam on the first attempt. In October 2016, I was selected out of 30 candidates for the HSE student team that will represent our university at an international student competition on financial analysis - CFA Institute Research Challenge 2016/2017.
I am certain that the Financial Analyst Master’s programme enhances my chances of achieving my goals through a solid education on financial analysis, financial markets, corporate finance, and macroeconomics based on the CFA Institute Curriculum.
Researchers from HSE University and London Business School have carried out research into the dynamics of the prices for Russian companies’ stocks and depositary receipts. The research indicates that, thanks to their price differences, there are opportunities for profitable trading with zero or, at least, minimum risk.
The European Foundation for Management Development (EFMD), one of the world's largest professional associations in the field of business and management, has awarded the Master’s Programme ‘Finance’ at the HSE in St. Petersburg an accreditation for a period of three years. This is the first Master’s programme in Russia to be accredited by the EFMD.
Economists of the School of Finance of the Higher School of Economics Victoria Dobrynskaya and Yulia Kishilova analysed secondary market prices of the world-famous toy construction sets released from 1987-2014.
According to international studies, values can impact corporate performance and the bottom line either directly or indirectly. In the paper 'Corporate Values and Profits of Commercial Banks: Correlation with Profits', Elena Prosvirkina and Nikolai Prosvirkin have examined the corporate values commonly declared by Russian banks and found that the widely held values of customer focus and efficiency can bring competitive advantage, but do not impact financial performance directly.
How can financial managers help design products and services? What bearing may a CEO’s death have on investment decisions? Why is our perception of time and place changing? Professor Jean-Malik Dumas from Tilburg University discusses these and other issues in an interview with HSE News Service. He has recently visited HSE Faculty of Economic Sciences under Erasmus Plus programme to teach an elective course in Finance for Master’s students of Strategic Corporate Finance programme.
From June 2017 a Bloomberg hub offering unlimited data access will be available at the HSE building at 26 Shabolovka. The Bloomberg database comprises extensive, constantly updated data on global and national capital markets, transactions involving financial assets, derivatives, as well as market liquidity options, trading applications and news flow.
Researchers from the Higher School of Economics have shown how the level of perinatal testosterone, the sex hormone, impacts a person’s earnings in life. Prior research confirms that many skills and successes are linked to the widely known 2D:4D ratio, also knows as the digit ratio. This is the ratio of the index and ring fingers, and it is considered a reflection of the level of perinatal testosterone, the male hormone of the mother that acts on the development of the offspring during pregnancy.
In 2016, HSE – St. Petersburg’s master's programme in Finance was included among a prestigious consortium of European universities on the International Masters in Economy, State, and Society (IMESS) project, thus opening new avenues for cooperation between HSE and well-known universities across Europe. Professor Elena Rogova, Dean of HSE St.Petersburg School of Economics and Management and Academic Supervisor of the programme, has talked to HSE News Service about its distinguishing features and the benefits it offers.
The integration of economics and biology is an emerging trend in 21st century science. A number of studies were published in the early 2000s exploring the effects of psycho-physiological variables, such as hormone levels, on individual performance in various fields. Several papers have associated the ratio of second digit (index finger) to fourth digit (ring finger) length (2D:4D ratio) with exposure to prenatal testosterone, the male hormone produced by the maternal body and influencing the foetal development.