Siberian Federal University 
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. You can read more about this agreement here and we also published the small article in our university magazine.
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: |
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| 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: Chair of Digital Financial Technologies of Sberbank of Russia (leader), School of Economics, Public Administration and Finances, 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. 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.
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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.
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Prof. Leonardo Conte, associate lecturer at the Department of Economics and Statistics (the University of Siena, Italy) — a course Monetary Economics.
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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
| Courses | ECTS credits |
|---|---|
| FIRST YEAR (AT SIBFU) | 60 |
| 1 SEMESTER | 30 |
| Research methods in Banking and Finance | 3 |
Modern financial and banking system:
|
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.
Experience from first hands
Four students from our programme decided to experience studying in Europe and took part in double degree programme. Their names are: Julia Stepanenko, Tatiana Slobodchikova, Karina Starodubtseva, Erema Ondar.
Since October, 1 2018 they started their education in Italy and they shared their experience with us.
“It took us nearly a day to travel from Krasnoyarsk to Siena but it was definitely worth it. Now we are renting a flat which is located nearly ten minutes by foot from the university. We were surprised when we discovered that we need to apply to the student card and only with a student card you are allowed to attend classes. Student card can not only be used at the university campus but you can get a lunch with a discount at any café. We were also surprised when we found out that people who are working in the cafes of restaurants know and speak perfect Russian.
After 5 days we finally received our students cards and started studying. The timetable was rather unusual for us. Each day we have 2 or 3 lectures and a long break (3–4 hours) in between. All classes are in English and teachers are very helpful, they provide you with necessary materials and always ready to help if you have any questions. We study with students from different countries: Germany, India, Spain, Kenya, Russia and Italy. The university is located in rather old building and in the hallway you can find desks and chairs, and it is really convenient if you want to do your assignment or work in a group.
The city is quite busy with a lot of tourists. The city is quite small therefore there are not much busses and it is highly advisable to walk rather than use a public transport.
We are really grateful for this opportunity and would be happy to tell you more about studying in Italy.”
Earlier we wrote about another student who had also visited this university, but she was studying “Medical Biotechnology”.
More information?
Please contact our Department of International Educational Programs, SibFU
e-mail: study [at] sfu-kras [dot] ru
phone: +7 391 206-39-26
fax: +7 391 206-21-66
address: 82/6 Svobodny pr., room 427, Krasnoyarsk, 660041 Russia
Skype: StudyatSibFU
VKontakte: vk.com/international_education_sibfu
Tutor
Bavrova Olga S.
educational Institution: SibFU, Academic Research Laboratory for Behavioral Economics and Communication Development, Chair of Digital Financial Technologies 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
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.
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
