Summary of Degree Programme
38.04.08 Finance and Credit
No
2 года 
Full-time, 120 credit points
ENG
Instruction in English
Master
No
With online tools
2024/2025 Academic year
Investment Decisions, M&A and Restructuring
|
KEO-1 |
Performs a wide range of research tasks in various industries and topics, from collecting market statistics to market modelling and forecasting |
|
KEO-2 |
Analyzes, synthesizes and visualizes the information necessary for making financial decisions in the company and investment decisions in the market |
|
KEO-3 |
Applies instrumental methods and information technologies to make investment, financial and economic decisions |
|
KEO-4 |
Evaluates the value of companies and other assets, including those for investment purposes |
|
KEO-5 |
Evaluates the effectiveness of investment projects and is ready to make decisions on the feasibility of launching investment projects under conditions of uncertainty |
|
KEO-6 |
Prepares analytical and scientific reports based on own analysis or research in the field of financial and investment decisions |
|
KEO-7 |
Justifies financial and investment decisions and associated risks, and participates in related negotiations at the top management level |
|
KEO-8 |
Evaluates the value of companies when entering IPO transactions, mergers and acquisitions, and is also ready to accompany transactions
|
|
PC-1 |
Able to conduct independent research in accordance with the designed programme, make original proposals on areas and methods of research, substantiate his/her own contribution to the development of the chosen area of research |
|
PC-2 |
Able to present the results of the study to the scientific community in the form of a report (presentation) and an article |
|
PC-3 |
Able to analyze and predict trends, processes and financial market instruments |
|
PC-4 |
Able to analyze the financial condition of companies and financial institutions |
|
PC-5 |
Able to evaluate the value of financial instruments |
|
PC-6 |
Able to prove the effectiveness of the investment policy of the firm and financial institution |
|
PC-7 |
Able to make analytical proofs for making managerial decisions in companies, financial institutions and developing their financial policies |
|
PC-8 |
Able to develop recommendations on investment of personal financial resources |
|
PC-9 |
Able to implement the financial policy of companies and financial institutions
|
Behavioral Finance, Corporate Governance and Asset Pricing
|
KEO-1 |
Performs a wide range of research tasks in various industries and topics, from collecting market statistics to market modelling and forecasting |
|
KEO-2 |
Analyzes, synthesizes and visualizes the information necessary for making financial decisions in the company and investment decisions in the market |
|
KEO-3 |
Applies instrumental methods and information technologies to make investment, financial and economic decisions |
|
KEO-4 |
Evaluates the value of companies and other assets, including those for investment purposes |
|
KEO-5 |
Evaluates the effectiveness of investment projects and is ready to make decisions on the feasibility of launching investment projects under conditions of uncertainty |
|
KEO-6 |
Prepares analytical and scientific reports based on own analysis or research in the field of financial and investment decisions |
|
KEO-7 |
Justifies financial and investment decisions and associated risks, and participates in related negotiations at the top management level |
|
KEO-8 |
Integrates behavioral factors in modeling and in making investment and financial decisions; ready to independently conduct a full cycle of scientific research in the field of asset pricing
|
|
PC-1 |
Able to conduct independent research in accordance with the designed programme, make original proposals on areas and methods of research, substantiate his/her own contribution to the development of the chosen area of research |
|
PC-2 |
Able to present the results of the study to the scientific community in the form of a report (presentation) and an article |
|
PC-3 |
Able to analyze and predict trends, processes and financial market instruments |
|
PC-4 |
Able to analyze the financial condition of companies and financial institutions |
|
PC-5 |
Able to evaluate the value of financial instruments |
|
PC-6 |
Able to prove the effectiveness of the investment policy of the firm and financial institution |
|
PC-7 |
Able to make analytical proofs for making managerial decisions in companies, financial institutions and developing their financial policies |
|
PC-8 |
Able to develop recommendations on investment of personal financial resources |
|
PC-9 |
Able to implement the financial policy of companies and financial institutions |
Fund Raising, Capital Structure and Payout Policy
|
KEO-1 |
Performs a wide range of research tasks in various industries and topics, from collecting market statistics to market modelling and forecasting |
|
KEO-2 |
Analyzes, synthesizes and visualizes the information necessary for making financial decisions in the company and investment decisions in the market |
|
KEO-3 |
Applies instrumental methods and information technologies to make investment, financial and economic decisions |
|
KEO-4 |
Evaluates the value of companies and other assets, including those for investment purposes |
|
KEO-5 |
Evaluates the effectiveness of investment projects and is ready to make decisions on the feasibility of launching investment projects under conditions of uncertainty |
|
KEO-6 |
Prepares analytical and scientific reports based on own analysis or research in the field of financial and investment decisions |
|
KEO-7 |
Justifies financial and investment decisions and associated risks, and participates in related negotiations at the top management level |
|
KEO-8 |
Optimizes the capital structure and develops a dividend policy in the face of uncertainty |
|
PC-1 |
Able to conduct independent research in accordance with the designed programme, make original proposals on areas and methods of research, substantiate his/her own contribution to the development of the chosen area of research |
|
PC-2 |
Able to present the results of the study to the scientific community in the form of a report (presentation) and an article |
|
PC-3 |
Able to analyze and predict trends, processes and financial market instruments |
|
PC-4 |
Able to analyze the financial condition of companies and financial institutions |
|
PC-5 |
Able to evaluate the value of financial instruments |
|
PC-6 |
Able to prove the effectiveness of the investment policy of the firm and financial institution |
|
PC-7 |
Able to make analytical proofs for making managerial decisions in companies, financial institutions and developing their financial policies |
|
PC-8 |
Able to develop recommendations on investment of personal financial resources |
|
PC-9 |
Able to implement the financial policy of companies and financial institutions |
The "Fund Raising, Capital Structure, and Payout Policy" track delves deep into the core of corporate financial strategies. It underscores the essentials of financing, investment, and payout policy, all the while integrating personalized mentorship for a holistic academic journey.
Students will navigate through a spectrum of topics, from diverse fund-raising channels to the complexities of capital structure and payout policies. This exploration extends across both developed and emerging capital markets. While comprehensive, this track is particularly apt for those new to finance or those intrigued by empirical corporate finance but who have yet to pinpoint a specific research field.
Among the pivotal questions we'll tackle during our seminars are:
- How do firms choose between varied financing sources?
- How do prevailing market conditions influence capital structure decisions?
- How do companies balance dividends and share repurchases?
Tailored for aspiring financial researchers, professionals envisioning roles in corporations, private equity, venture capital, or investment banking, and novices with a keen academic inclination, this track promises a comprehensive learning experience.
During our meetings, the dialogue will extend beyond the curriculum, providing a platform to chart out individual study trajectories, select research projects, and development of the research questions for master theses. Furthermore, the mentor remains a steadfast resource for queries, be it academic pursuits, career pathways, or research endeavours.
2023/2024 Academic year
Investment Decisions, M&A and Restructuring
|
KEO-1 |
Performs a wide range of research tasks in various industries and topics, from collecting market statistics to market modelling and forecasting |
|
KEO-2 |
Analyzes, synthesizes and visualizes the information necessary for making financial decisions in the company and investment decisions in the market |
|
KEO-3 |
Applies instrumental methods and information technologies to make investment, financial and economic decisions |
|
KEO-4 |
Evaluates the value of companies and other assets, including those for investment purposes |
|
KEO-5 |
Evaluates the effectiveness of investment projects and is ready to make decisions on the feasibility of launching investment projects under conditions of uncertainty |
|
KEO-6 |
Prepares analytical and scientific reports based on own analysis or research in the field of financial and investment decisions |
|
KEO-7 |
Justifies financial and investment decisions and associated risks, and participates in related negotiations at the top management level |
|
KEO-8 |
Evaluates the value of companies when entering IPO transactions, mergers and acquisitions, and is also ready to accompany transactions |
|
PC-1 |
Able to conduct independent research in accordance with the designed programme, make original proposals on areas and methods of research, substantiate his/her own contribution to the development of the chosen area of research |
|
PC-2 |
Able to present the results of the study to the scientific community in the form of a report (presentation) and an article |
|
PC-3 |
Able to analyze and predict trends, processes and financial market instruments |
|
PC-4 |
Able to analyze the financial condition of companies and financial institutions |
|
PC-5 |
Able to evaluate the value of financial instruments |
|
PC-6 |
Able to prove the effectiveness of the investment policy of the firm and financial institution |
|
PC-7 |
Able to make analytical proofs for making managerial decisions in companies, financial institutions and developing their financial policies |
|
PC-8 |
Able to develop recommendations on investment of personal financial resources |
|
PC-9 |
Able to implement the financial policy of companies and financial institutions |
|
PC-10 |
Able to apply modern methods and techniques of teaching financial disciplines in educational institutions of higher education |
|
PC-11 |
Able to develop curricula, programmes and appropriate methodological support for teaching financial disciplines in educational institutions of higher education |
Behavioral Finance, Corporate Governance and Asset Pricing
|
KEO-1 |
Performs a wide range of research tasks in various industries and topics, from collecting market statistics to market modelling and forecasting |
|
KEO-2 |
Analyzes, synthesizes and visualizes the information necessary for making financial decisions in the company and investment decisions in the market |
|
KEO-3 |
Applies instrumental methods and information technologies to make investment, financial and economic decisions |
|
KEO-4 |
Evaluates the value of companies and other assets, including those for investment purposes |
|
KEO-5 |
Evaluates the effectiveness of investment projects and is ready to make decisions on the feasibility of launching investment projects under conditions of uncertainty |
|
KEO-6 |
Prepares analytical and scientific reports based on own analysis or research in the field of financial and investment decisions |
|
KEO-7 |
Justifies financial and investment decisions and associated risks, and participates in related negotiations at the top management level |
|
KEO-8 |
Integrates behavioral factors in modeling and in making investment and financial decisions; ready to independently conduct a full cycle of scientific research in the field of asset pricing |
|
PC-1 |
Able to conduct independent research in accordance with the designed programme, make original proposals on areas and methods of research, substantiate his/her own contribution to the development of the chosen area of research |
|
PC-2 |
Able to present the results of the study to the scientific community in the form of a report (presentation) and an article |
|
PC-3 |
Able to analyze and predict trends, processes and financial market instruments |
|
PC-4 |
Able to analyze the financial condition of companies and financial institutions |
|
PC-5 |
Able to evaluate the value of financial instruments |
|
PC-6 |
Able to prove the effectiveness of the investment policy of the firm and financial institution |
|
PC-7 |
Able to make analytical proofs for making managerial decisions in companies, financial institutions and developing their financial policies |
|
PC-8 |
Able to develop recommendations on investment of personal financial resources |
|
PC-9 |
Able to implement the financial policy of companies and financial institutions |
|
PC-10 |
Able to apply modern methods and techniques of teaching financial disciplines in educational institutions of higher education |
|
PC-11 |
Able to develop curricula, programmes and appropriate methodological support for teaching financial disciplines in educational institutions of higher education |
Fund Raising, Capital Structure and Payout Policy
|
KEO-1 |
Performs a wide range of research tasks in various industries and topics, from collecting market statistics to market modelling and forecasting |
|
KEO-2 |
Analyzes, synthesizes and visualizes the information necessary for making financial decisions in the company and investment decisions in the market |
|
KEO-3 |
Applies instrumental methods and information technologies to make investment, financial and economic decisions |
|
KEO-4 |
Evaluates the value of companies and other assets, including those for investment purposes |
|
KEO-5 |
Evaluates the effectiveness of investment projects and is ready to make decisions on the feasibility of launching investment projects under conditions of uncertainty |
|
KEO-6 |
Prepares analytical and scientific reports based on own analysis or research in the field of financial and investment decisions |
|
KEO-7 |
Justifies financial and investment decisions and associated risks, and participates in related negotiations at the top management level |
|
KEO-8 |
Optimizes the capital structure and develops a dividend policy in the face of uncertainty |
|
PC-1 |
Able to conduct independent research in accordance with the designed programme, make original proposals on areas and methods of research, substantiate his/her own contribution to the development of the chosen area of research |
|
PC-2 |
Able to present the results of the study to the scientific community in the form of a report (presentation) and an article |
|
PC-3 |
Able to analyze and predict trends, processes and financial market instruments |
|
PC-4 |
Able to analyze the financial condition of companies and financial institutions |
|
PC-5 |
Able to evaluate the value of financial instruments |
|
PC-6 |
Able to prove the effectiveness of the investment policy of the firm and financial institution |
|
PC-7 |
Able to make analytical proofs for making managerial decisions in companies, financial institutions and developing their financial policies |
|
PC-8 |
Able to develop recommendations on investment of personal financial resources |
|
PC-9 |
Able to implement the financial policy of companies and financial institutions |
|
PC-10 |
Able to apply modern methods and techniques of teaching financial disciplines in educational institutions of higher education |
|
PC-11 |
Able to develop curricula, programmes and appropriate methodological support for teaching financial disciplines in educational institutions of higher education |
The "Fund Raising, Capital Structure, and Payout Policy" track delves deep into the core of corporate financial strategies. It underscores the essentials of financing, investment, and payout policy, all the while integrating personalized mentorship for a holistic academic journey.
Students will navigate through a spectrum of topics, from diverse fund-raising channels to the complexities of capital structure and payout policies. This exploration extends across both developed and emerging capital markets. While comprehensive, this track is particularly apt for those new to finance or those intrigued by empirical corporate finance but who have yet to pinpoint a specific research field.
Among the pivotal questions we'll tackle during our seminars are:
- How do firms choose between varied financing sources?
- How do prevailing market conditions influence capital structure decisions?
- How do companies balance dividends and share repurchases?
Tailored for aspiring financial researchers, professionals envisioning roles in corporations, private equity, venture capital, or investment banking, and novices with a keen academic inclination, this track promises a comprehensive learning experience.
During our meetings, the dialogue will extend beyond the curriculum, providing a platform to chart out individual study trajectories, select research projects, and development of the research questions for master theses. Furthermore, the mentor remains a steadfast resource for queries, be it academic pursuits, career pathways, or research endeavours.
Mix of theory and practice from top professors
The programme is based on a synthesis of up-to date theoretical knowledge and useful practical skills of financiers to provide students with the most comprehensive education and broadest career prospects.
• Fundamental courses in macroeconomics, corporate finance, microeconomics, theory of finance, risk management and corporate governance are taught by professors who hold PhDs and doctoral degrees.
• A wide variety of practice-oriented courses, such as business valuation, M&A deals, financial modelling and venture capital, are taught by practitioners from Kept, B1, Business Solutions and Technologies, and other consulting firms and financial specialists with extensive experience working in emerging market environments.
Academic Mobility Programmes in partnership with European universities
Our students can spend their second year in European partner universities. For example, there are programmes in partnership with Shanghai University, Almaty Management University, University of Padua, University of Bologna, Università Cattolica Del Sacro Cuore and others.
Research opportunities
The educational process is closely intertwined with the work of the Corporate Finance Center at the HSE University. Students may start a career in science and publish an article in the Journal of Corporate Finance Research.
Professional community and networking
For two years, you will join a cosmopolitan academic community where the professionalism of financiers meets open-mindedness. Students expand their professional networks by interacting with top professionals in the field, including programme alumni. More than once, alumni have hired our students, thanks to the skills and level of expertise they gain in the programme.
This degree programme of HSE University is adapted for students with special educational needs (SEN) and disabilities. Special assistive technology and teaching aids are used for collective and individual learning of students with SEN and disabilities. The specific adaptive features of the programme are listed in each subject's full syllabus and are available to students through the online Learning Management System.
All documents of the degree programme are stored electronically on this website. Curricula, calendar plans, and syllabi are developed and approved electronically in corporate information systems. Their current versions are automatically published on the website of the degree programme. Up-to-date teaching and learning guides, assessment tools, and other relevant documents are stored on the website of the degree programme in accordance with the local regulatory acts of HSE University.
I hereby confirm that the degree programme documents posted on this website are fully up-to-date.
Vice Rector Sergey Yu. Roshchin