Joint Department with Deloitte Opens at HSE
With the Joint Department with Deloitte, the HSE School of Finance now has joint departments with all of the Big Four audit and consulting firms.
‘Today, we teach courses in financial investigation, corporate management, financial reporting and several others at HSE’, said Ludmila Grechanik, Head of the Joint Department with Deloitte at HSE. ‘As part of the Joint Department, we will offer courses in audit and taxation, as well as financial consulting. We will conduct regular workshops and Career Days, where students will have the opportunity to talk to heads of various departments at Deloitte to learn more about the company’s work from them, and, possibly, to choose their future place of employment’.
Ksenia Neboga, manager at the Deloitte Department of financial consulting and initiator of the course ‘Basics of Financial Investigation’ (taught at HSE to second-year Master’s students), spoke about future plans to introduce a course on financial investigation for fourth-year undergraduate students. She also invited the highest achieving students to participate in Forensic, a two-day case championship at Deloitte that will take place at the end of November. Forensic is an area of Deloitte’s activities related to financial investigation, legal argument support, corporate investigation, and prevention of financial fraud.
Irina Ivashkovskaya, Head of the HSE Faculty of Economic Sciences (School of Finance) says that joint departments with big companies provide a unique opportunity for students to meet and learn from experts. An option to become immersed in a company while still studying is to take part in applied research that is carried out for the companies and their clients. Another option is to complete internships at departments of audit, risk management, tax and legal consulting. Interns are paid and enjoy a flexible schedule.
The launch of this joint department has kicked off a new form of cooperation. The School of Finance, together with Deloitte and KPMG, is planning to implement an Executive Master in Strategic Business Reporting, which is a continuing education programme intended for people in businesses. ‘Since it goes beyond traditional financial reporting, the programme will help students earn new qualifications and start new career tracks. We’ll teach our students to transform various types of corporate financial and non-financial reporting into a concept of strategic business reporting’, says Irina Ivashkovskaya. ‘Some of the programme modules, such as financial accounting, internal control and risk management, consolidated accounting, and corporate management, will be taught by Deloitte experts. Colleagues from KPMG will be responsible for the module on integrated reporting. In addition, we are going to expand this programme beyond Russia, starting with Kazakhstan’.
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.
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.
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.