International Master's Dual Degree Program "Banking" MSc with a major in Finance and Credit

Siberian Federal University and the University of Siena (UNISI, Italy) have signed an agreement on the implementation of the International Master's Dual Degree Program "Banking" offering MSc in Finance and Credit on the Russian side, and the Master's Dual Degree Program in Economics and Management of Financial Intermediaries on the Italian side. The agreement facilitates an equivalent academic exchange of students and teachers within one of the four semesters. Training will be conducted only in English.

The program is suitable for students from a variety of backgrounds, including those that have industry experience and those who have not studied economics, finance or accountancy at bachelor’s level. It gives good opportunities for students interested in banking and finance market research, math and humanities. This program is designed to produce highly skilled, analytical- and forward-thinking graduates who are ready to slot into a specialised role.

A number of professionals working in the banking industry have been involved into development of this program. Among them are managers and specialists of the Central Bank of The Russian Federation and Sberbank. Academic staff on the program contain practising industry experts that give regular talks and share experiences.

The aim of the program is to train experts effective on international financial markets who own modern tools for modelling cash flows and possess the analytical and project management skills.

The objectives of the program:

  • provide students with knowledge and understanding of the financial systems and institutions that exist in Western economies and emerging markets,
  • enable participants to apply appropriate risk management techniques, quantitative techniques to finance and banking practice,
  • make students familiar with the financial regulations that exist within the financial world,
  • provide students with skills necessary to interpret and evaluate banking and financial theory critically,
  • develop a range of cognitive, critical and intellectual skills, research skills and relevant personal and interpersonal skills.

Upon successful completion of this program, students should be able to:

  • determine and evaluate development trends of financial institutions in the frame of general economic and global tendencies,
  • examine the efficiency of projects, sustainability of cash and material flows,
  • analyze and assess different approaches of monetary control of the national economy,
  • interpret results and analyze risks of financial management of commercial and noncommercial organizations,
  • 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.

The program 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.

Unique characteristics

Courses taught within the framework of the Dual Degree agreement are aimed to prepare experts on international financial markets who own modern tools for modelling cash flows and possess the analytical and project management skills. The Program agreement provides for an equivalent academic exchange of Master's Degree students and teachers within one of the four semesters. Training will be conducted only in English.

Our finance courses equip students with an impressive set of skills and specialist knowledge. In addition, inbuilt practical experience help graduates succeed in a competitive job market. This program is ideal preparation for a career in 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 for an organisation operating in the sector as their dissertation. This project results in managerial recommendations which can be applied immediately, not to mention providing graduates with references and contacts.

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.

Fields of Study: Finance and Credit
Duration: 2 years
Starting date: September, 1
Study intensity: Full-time
Delivery mode: Blended
Type of degree: MSc
Credits: 120 ECTS credits
Language: English
Academic requirements:
  • BSc or MSc degree in Finance, Economic (transcript of records)
  • good command of English (certificate or other official document)
  • Skype interview (a motivation letter and letters of recommendation may also be required)
Tuition fee (per year): 200,000 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 29th
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

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 (SFU)
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. Irina A. Yankina is 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.

Prof. Maurizio Pompella

Leading scientist from the University of Siena, Italy, Prof. Maurizio Pompella will deliver lectures at SibFU. He is one of the founding members 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 in finance, banking and insurance. It also promotes 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 sharing of information on the activities of the institutions.

  • The dual degree agreement is largely supported and promoted by the program MSc in Economics and Management of Financial Intermediaries and in particular by the MSc Dean, Professor Maurizio Pompella.

    Teaching staff on the program consists of SibFU Professors and visiting lecturers from partner’s universities of Russia and Italy, UK and other countries.

  • Prof. Leonardo Conte, associate lecturer at the Department of Economics and Statistics (the University of Siena, Italy) — a course Monetary Economics.

  • Dr. N N Tarun Charkavorty, Department of Economics, University of Bath — a course Macroeconomics.>

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 teaching staff.

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

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

Key courses:

  • Banking Communication. The banking ethics
  • Monetary Economics
  • Financial Modeling
  • Financial Investments and Risk Management
Study Plan MSc Banking
Courses ECTS credits
FIRST YEAR (AT SIBFU) 60
1 SEMESTER 30
Research methods in Banking and Finance 3
Modern financial and banking system:

  • The history of the financial markets.
  • The modern banking system in Russia.
6
Banking Communication and Banking Ethics 4
Macroeconomics 6
Asset Allocation 3
Quantitative Methods in Finance 3
Applied research project 1 5
2 SEMESTER 30
Financial Investments and Risk Management 9
Financial Modeling I 9
Applied Econometrics for Financial Intermediation I 2
Practical internship 6
Applied research project 2 4
SECOND YEAR 60
3 SEMESTER (AT UNISI) 30
Monetary Economics 6
International Banking and Financial Regulation 6
International Financial Accounting 6
Financial Markets or
Mathematics for economic applications
6
Microeconomics for Business and Finance
or Behavioral Economics
6
Statistics for Business Decision Making
or Fundamentals of Programming
6
4SEMESTER 30
Practical internship 12
Dissertation Thesis 12+6

Master’s thesis

The dissertation provides an invaluable opportunity for students to undertake a major research-based project on a topic relevant to the future career. It provides a good opportunity to demonstrate the skills and knowledge that students have gained on the course of the program and to develop research skills.

More information?
Please contact our Department of International Educational Programs, SibFU
e-mail: study [at] sfu-kras [dot] ru
phone: +7 391 206-29-49
fax: +7 391 206-21-66
address: 82 Svobodny pr., building 6/25, office 4-27, Krasnoyarsk, 660041 Russia


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

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.

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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 2019 Krasnoyarsk will proudly host the XXIX Winter Universiade.

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