Master's degree program “Banking” | Siberian Federal University

Master's degree program “Banking”

The aim

The programme is suitable for students from a variety of backgrounds, including those with industry experience and those have not studied economics, finance or accountancy at bachelors level. This programme is designed to produce highly skilled, analytical and forward-thinking graduates who are ready to slot into a specialised role.

You will be given regular talks from practising industry experts, and opportunities to gain qualifications, giving graduates a head start in the jobs finance market.

The objective of the programme

You develop your knowledge, understanding and insight into how banks, financial institutions and markets function in the economy and global financial system. You also develop an appropriate range of cognitive, critical, intellectual and research skills, plus relevant personal and interpersonal skills to interact in the real world of business and finance.

The programme will be of particular interest to those wishing to build careers within banks, specialised financial institutions and fund management, securities dealing firms, multinational companies, or to occupy roles in corporate financial management and independent financial advice.

This programme aims to:

  • provide knowledge and understanding of the financial systems and institutions that exist in Western economies and emerging markets;
  • provide you with the knowledge to be able to evaluate the relevant literature critically;
  • provide you with the knowledge to enable the application of appropriate risk management techniques;
  • enable you to interpret and evaluate banking and financial theory critically;
  • develop your ability to apply quantitative techniques to finance and banking practice;
  • develop an appropriate range of cognitive, critical and intellectual skills, research skills and relevant personal and interpersonal skills;
  • provide you with the knowledge of the financial regulations that exist within the financial world;
  • provide preparation for and/or development of a career in financial services/banking by developing your skills at a professional or equivalent level, or as preparation for research or further study in the area;
  • add value to your first degree by developing your integrated and critical awareness and understanding in the field of financial services;
  • develop your ability to conduct independent self-directed research.

Upon successful completion of this programme, you should be able to:

  • acquire an advanced level of knowledge of the theories, models and practice of banking, finance, investment, risk, and regulation;
  • understand how the role of banking and finance integrates within the wider business environment;
  • demonstrate clarity in problem definition, and demonstrate the ability to critically analyse and use relevant information to offer interpretations and solutions within a multi-disciplinary banking business perspective;
  • recognise and respond to the relationships between different functions within financial services organisations.

Apply now

Irina A. Yankina

Professor, Doctor of Economic Sciences

Affiliation: Laboratory of financial and banking technology (leader), Institute of Economics, Management and Nature Siberian Federal University (SibFU)

Address: 79 Svobodny, Krasnoyarsk, 660041, Russia
Tel: +7 913 509-39-26, +7 391 221-22-45
Fax: +7 391 221-23-07
E-mail: iyankina [at] sfu-kras [dot] ru

Education

  • 1982, Irkutsk Institute of Economics, Qualification: "Finance and Credit"
  • 2000, Ph.D., Qualification: "Finance, Money and Credit"
  • 2010, Doctor of economic sciences, Qualification: "Finance, Money and Credit", Thesis: "The monetary flows in the activity of agricultural consumer cooperatives: theory, methodology, practice"

Prof. Maurizio PompellaSibFU Professors and visiting lecturers from partner’s universities of Russia and Italy, UK and other countries.

Leading scientist from University of Siena, Italy, Prof. Maurizio Pompella will deliver lectures at SibFU.

Prof. Maurizio Pompella is one of founding member of International association between professors of economics and finance from the European Union and the Russian Federation, EuRun-BIS. EuRun-BIS is a network of European and Russian researchers which promotes research and dissemination of studies of finance, banking and insurance. As a a free association between professors of economics and finance from the European Union and the Russian Federation, EuRun-BIS promotes research and dissemination of studies of finance, banking and insurance, as well as the cooperation between the academies of both regions. The network's activities are aimed at the exchange of views and debate on scientific issues of common interest, the organization of seminars and conferences, and dissemination of information on the activities of the institutions they belong the individual members.

Jean Raphael ChaponniereJean Raphael Chaponniere is an expert of the global governance program at Asia Centre. He also is an associate researcher in Asia21 (Futuribles). He has quite an impressive track record, including a Researcher at the National Centre for Scientific Research (CNRS, Paris, 1980–1998).

economic consultant at the French Embassy in South Korea (1998–2000) and Turkey (2000–2003), a Senior Economist at the Asian department of the French Agency for Development (AFD) from 2005 to 2011, a Visiting Research Fellow at the ISEAS (Singapore, 1983–1985), a NESDB expert (Thailand, 1986),

Administrator at UNIDO in Vienna (1989–1990), Visiting Research Fellow at the Euro Asia Institute (INSEAD, 1995). Author of numerous publications on Asia, it’s economic and social aspects.

Tatiana  YamskikhTatiana Yamskikh, Current Position Associate Professor, Head of Foreign Language Department

Research Interests Methods of teaching English, Distance learning

Education and Academic Degrees
  • 2004 — Buryat State University, Ulan-Ude (Russia), PhD in Pedagogy
  • 1994 — Krasnoyarsk State Pedagogical University, Krasnoyarsk (Russia), Teacher of English as a foreign language
Duration: 2 years
Starting date: September, 1st
Study intensity: Full-time
Delivery mode: Blended
Type of degree: Master in Finance and Credit
Credits: 120 ECTS credits
Language of instruction: English
Academic requirements:
  • Bachelor's degree in Finance, Economic or equivalent (a copy of your diplomas from previous university studies and transcripts of completed courses and grades)
  • good command of English (certificate or other official document , English level B1 (European Framework of Reference of Communicative Skills)
  • Skype interview
  • a motivation letter and letters of recommendation may also be required
Tuition fee (per year): 250,000 rubles
The cost does not include accommodation and living expenses. The price could change at the time of signing a learning agreement.
Application deadline: July, 29
Accommodation: On-campus accommodation is available in double and triple-occupancy rooms (€ 20 per month).
Practicalities: Airport transfer and invitation letter for a Russian study visa are provided by the University.
Study Plan MSc Banking
Courses Exam / credit classroom hours / ECTS credits
First year 468/60
1 semester
Basic part 9
Research methods in Banking and Finance credit 32/3
Macroeconomics exam 64/6
The variable part 13
Banking Communication. The banking ethics exam 28/4
Modern financial and banking system in Russia credit 32/3
The history of the financial markets credit 30/3
Quantitative Methods in Finance credit 32/3
Applied research project 1 credit 5
2 semester
Basic part 18
Financial Investments and Risk Management exam 108/9
Financial Modeling I exam 108/9
Applied Econometrics for Financial Intermediation I credit 18/2
Applied research project 2 credit 36/7
Practical internship credit 6
Second year 134/60
3 semester
Basic part 15
Monetary Economics exam 36/6
Financial Modeling II exam 54/9
The variable part 6
Asset Allocation credit 18/3
International Comparative Tax Law credit 18/3
facult — Behavioral Economics credit 18/3
Applied research project 3 credit 9
4 semester 30
Practical internship credit 12
Dissertation Thesis defense of the thesis 12+6
Total 602/120

Key courses

Macroeconomics, Monetary Economics, Financial Modeling, Financial Investments and Risk Management

Teaching methods

Interactive and collaborative teaching: Teaching is delivered through a combination of classroom sessions, workshops and seminars. Debate and interaction through the exchange of knowledge and experience is encouraged between both students and staff.

Dedicated support: You will be assigned a personal academic supervisor to guide you through the research project and dissertation stage of the programme. Subject tutors are also on hand to provide guidance on specific modules. The course director will help with general academic and administrative issues and there is a student liaison office to help with any other problems or issues.

Online support: Moodle, SibFU's online learning system StudySpace makes flexible learning easier. This innovative system means you can communicate easily with staff and course colleagues through bulletin boards and discussion groups.

Unique characteristics

Our finance programmes equip you with an impressive set of skills and specialist knowledge. In addition, inbuilt practical experience will help you succeed in a competitive job market. This programme is ideal preparation for a career with investment and commercial banks, insurance companies, specialised financial institutions, trading companies and financial management roles in other industries.

Many students make links in their industry of preference by undertaking a real-life consultancy project as their dissertation for an organisation operating in the sector. This project will result in managerial recommendations which can be applied immediately, not to mention providing you with references and contacts for when you graduate.

Diploma and degree Master in Finance and Credit.

Career opportunities

With a Master’s degree in Finance and Credit you can obtain a position in both public and private sector.

Research career

The Master’s degree holder can continue studying to earn a PhD SibFU degree.

08.2020 Online thesis defence in Siberian Federal University, School of Economics, Finance and Public Administration, Master Degree Program “Banking”.

On 29th June, Monday, the Basic Department of Sberbnk of Russia, together with managers of Sberbank and Gazprombank, held the first online defence of Master Thesis in English in the age of Covid-19 Pandemic. One of the students to present the results of his research project to the public and defend the findings was the second-year graduate of the Master Program “Banking”, Ameer Ali Hussein Al-Magsoosi. The topic of the student’s thesis was “MACROECONOMIC DETERMINANTS AND THIER IMPACT ON CREDIT RISK IN RUSSIAN BANKING SYSTEM”. Here is what the student himself thinks about the procedure he had to go through: “I would like to share my experiences about the way I defended my Master Thesis this year. The first thing was the interesting experience to do a thesis and to defend it to the respectful academics and practitioners in the English language. As you know, English is not my mother tongue, so it was a little stressful to speak it to the public and answer all those difficult questions about my research.
Furthermore, my background was in Administration management and my master degree field was in Finance and Credit Banking. For that reason I found some difficulties, in particular, when I had to specify and choose the up-to-date topic for my research. After that, when the decision was made and the research problem defined, together with other professors, like the head of the program Prof. Yankina and my supervisor Prof. Tonkoshkurov, my teachers Prof. Smirnova and Prof. Cherkasova, I started to dwell on the methodology. And this was rather complicated, I should admit, but day after day I watched a lot of educational videos, took some online courses and learned how to solve my problem in the thesis and how to use the SPSS statistic programming for my purposes.
Not only the theoretical side was difficult to deal with, but also the empirical approach was too complex, so I had to dig into and study myself backwards and forwards. In general, my topic of research was very interesting, up-to-date and profound, but I found it quite difficult to apply the multiple regression and linear regression methodology in my research, as, you know, econometrics for those who have little experience in it may be rather tricky. Therefore, it was for me at first.
Nevertheless, after reading many articles and talking to my teachers I managed to overcome this problem. Professors helped me with statistical methods and econometrics a lot, and then Covid-19 lock-down came suddenly and spoiled my own and many other’s great plans.”

Ameer also mentioned some interesting details about the way he sees the positive and negative aspects of online education. It was the first time he had to take it and here is what he says: “As most of other foreign and local students, I had to face the ups and downs of online education too. The main drawback of the online education for both teachers and students is that it limits opportunities and reduce the chances for the teacher to explain everything to the student on time, for example, the participants of the study process have only access to the “online” board which is not very convenient, I suppose. Moreover, the students themselves have opportunities to explain something to each other or write some mathematical equation on the board so that it is “here and now” to be discussed with your professor. In this respect, face-to-face education is more convenient and lively. Of course, the pandemic prevented students from having real-time life consultations with professors the defending the thesis face-to-face, which is a pity. Anyway, I managed to show my best to the “online” public and impressed the members of the academic board, so my result was highly estimated by many of them. I’m glad I had such an unusual experience here!”
In conclusion, Ameer adds: “Finally my experience was interesting and for sure I benefited a lot from it – it seems that pandemic has already changed a lot our attitude to online teaching and learning, as well as studying and working from home, and that is very promising, I think! Still I wish everything could come back again to normal life, because even if there are advantages of online studying and thesis defence (like, you can do it from any place in the world, the only things you need are regular internet connection and a laptop), there are drawback too. For instance, the lack of this wonderful “academic atmosphere”. I would like to feel the air of the university more, to communicate with students, teachers and professors in real life more often, because this lively communication is in fact a vital part of studying process, and I will surely miss it after I graduate and leave the campus.”

07.2019 The second graduates of the English-taught Master’s degree program “Banking” successfully passed the defense of the thesis. Few words from graduates Elmira Mamedova: “It was a moment we all were preparing for. Two years of constant work in the sphere of Finance and Credit, particulary in Banking, different articles and conferences, doubts and the final choice. The day of the defence of a thesis was very emotional, but now it is all over! I can proudly say, that we did it! I'm happy, because you can call me a Master!”

06.2019 Irina Yankina (the programme leader) and other staff from Master’s programme “Banking” are main coordinators of the V International Summer School. Have you already signed up for that awesome school? Today we are going to tell you some interesting facts about it. First of all, this year we had 63 applications from Chinese students! (comparing with 20 last year). Secondly, world-leading experts in Banking already confirmed their participation. They are coming from South Korea, Italy, and of course Russia. Moreover, this year we are going to have professional trainings and play various business games.

Lastly, classes will be held on the Sports Camp “Polytechnic” located on the bank of the picturesque Krasnoyarsk reservoir in the Siberian taiga. Our students will not only be able to continue their studies, but also enjoy Siberian beauty at its finest and have an overall great time amidst nature. We’re planning to bring you a fulfilling programme consisting of studying, sports and entertaining.

Can’t wait to see you all there.

If it so happens that you have other plans for this summer then don’t fret! Our doors will be open and waiting for you in the next one! Even if you can’t be there with us — you can still follow us on Instagram.

04.2019 Today, we want to persuade you to enter to the Siberian Federal University. For doing that, we asked Joseph Yau Dawson. He is originally from Ghana. In addition, he was a master student of the Banking Education Program of School of Economics, Management and Environmental Studies at Siberian Federal University and successfully graduated the program.

He has participated in selected courses of PhD Program at Cyprus University. After a period of studying on Cyprus, he came back to Krasnoyarsk and we decided that we couldn’t miss the chance to ask him how was it like and what differences did he notice between education in Russia and Cyprus.

Regarding the studying on Cyprus Joseph said that it was quite productive for him. He collected prospective knowledge and he also did mentioned that host-university on Cyprus was amazed by the numbers of subjects, which Joseph was studying at Siberian Federal University. “When I got the improvement of my application in Cyprus, it took some time to choose subjects, which I want to study, because I have had the majority of proposed subjects here at SibFU” — Joseph said. In case of how relevant knowledge collected at Siberian Federal University with the comparison with Cyprus University, Joseph said that “I can evaluate the knowledge that I have got at SibFU as excellent. It was useful background for a deeper understanding of the subjects, which I was having on Cyprus”.

We also discussed the facilities of the university in Cyprus. “The university facilities are the same as SibFU has, yet the most disappointing thing is that you need to pay for using these facilities. The only thing that is provided to you for free, for students on Cyprus, is the Internet connection on a dormitory” — said Joseph.

At the final step of our conversation, Joseph released his future plans. Currently, Joseph is preparing for entering on full-time PhD Program. For sure, he is not going to continue studying in Cyprus, because “the cost of education in Cyprus is ridiculously expensive in comparison with Russia”. He wishes to be a PhD student at Siberian Federal University because he does likes the university, facilities, he has a lot of friends, who live in Krasnoyarsk, but he couldn’t because Siberian Federal University doesn’t have any PhD program on banking. In addition, I asked him- has he tried to send his CV to any Russian company for being hired? Joseph hasn’t ever done it “I don’t know the Russian language, and I’m sure that this issue is my biggest disadvantage for an employer in Russia”.

For the prospective students who are still thinking be or not to be a student at Siberian Federal University, Joseph asked to say — “It’s really worth it, to be an SFU’s student! The price of education is reasonable and competitive. The quality of knowledge is on a high level, and Siberia is not such freezing as you’ve heard or read”.

Written by Oleg Sutormin

 

06.2018 The first graduates of the English-taught Master’s degree program “Banking” successfully passed the defense of the thesis.

"I learned about the program from the Internet, by that time I finished studying in Rome, there was a desire to continue education, but in the other direction and place, plus I studied several languages at once — one of them was Russian. I chose him because it doesn’t resemble any European language and in Europe the knowledge of Russian is highly appreciated. I’m planning to return to Italy soon and find a good job, — said the graduate of the program Anna-Lisa Cancelli.

"I don’t regret that I came here. It was sometimes difficult to study because I didn’t study banking before, especially not on a language different from my mother tongue, but it was much more difficult for me to get used to frosts".

Anna-Lisa's groupmate Frederick Enning from Ghana is planning to continue his education and get a PhD degree: "I got a bachelor's degree in my homeland. Banks and finance are my major. In the future I’m planning to develop in this direction. I had no difficulties, I passed an online interview, all lessons were in English, but if there were any difficulties teachers were always ready to help".

A visiting expert the Professor of the Department of Banking and Finance of the University of Regent’s (Great Britain) and the University of Guglielmo Marconi (Italy) Gianfranco Antonio Vento attended the defense and highly appreciated the level of the works presented.

Irina Yankina, the professor of the basic chair of Sberbank of Russia, the head of the Master's program Banking: "The organization of the international training program is a step by step process and takes time: establishing contacts, building mutual understanding with the foreign scientific community, creating and synchronizing curricula, holding joint lectures, seminars and academic exchange students and teachers. Of course, we had fears that the first experience may prove to be more experimental, but we have a great team, and now the first six graduates of the program will receive their Master’s degrees in the field of "#Finance and #Credit." Now we are working to ensure that from the following year the graduates of this program will be given double Russian-Italian diplomas provided if they study the third semester at the University of Siena (Italy)".

Let us note that the International Educational program “Banking” is fulfilled within the framework of the Governmental Project 5-100 aimed at increasing the competitiveness of Russian universities in the international educational space.

More information?

Please contact our Department of International Educational Programs, SibFU

e-mail: study [at] sfu-kras [dot] ru
phone: +7 391 206-39-28
fax: +7 391 206-21-66
address: 82/6 Svobodny pr., room 427, Krasnoyarsk, 660041 Russia

Facebook: facebook.com/StudySibFU
Skype: StudyatSibFU
VKontakte: vk.com/international_education_sibfu

Tutor

Bavrova Olga S.
educational Institution: SibFU, the Department of Foreign Languages for Business Purposes, the Basic Department of Sberbank of Russia
telephone: +7 (391) 246-98-81, +7 983 209-70-44
address: 3 Maerchak Str. 3., office 7-07
email: okhudyakova [at] sfu-kras [dot] ru

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The University

Today Siberian Federal University (SibFU) with over 35,000 students enrolled in its programmes is one of the most actively developing universities in Russia. Annually more than 200 visiting professors – leading scientists from UK, Germany, Spain and USA – deliver their lectures at SibFU.

The University is a winner of the Russian Government grants supporting research projects under the guidance of top-level scholars from Russia and all over the world.

More information

The campus of Siberian Federal University is located in a forested area of the city of Krasnoyarsk. Academic buildings and dormitories of the university are surrounded by natural forest lands and easily accessible by the public transport. More information about the University Campus can be found here.

The City of Krasnoyarsk

Krasnoyarsk is the administrative capital of Krasnoyarsky kray – second largest region of Russia. It is a big industrial and educational centre with a population of more than 1 million people, and also an important junction of the Trans-Siberian Railway.

The city is located on the banks of the Yenisey River in the valley formed by the Eastern Sayan Mountains. Nature reserve Stolby ("pillars") has become the city’s visiting card.

Among the famous people born in Krasnoyarsk are artist Vasily Surikov, opera singer Dmitri Hvorostovsky, biathlete Evgeny Ustyugov, skeletonist Alexander Tretyakov and ice-hockey player Alexander Semin.

In March 2019 Krasnoyarsk proudly hosted the XXIX Winter Universiade.

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