Documents for competitive selection for admission to the magistracy are submitted by persons who have received the qualification of a specialist or a bachelor's degree in a similar specialty (specialty). For admission, you must pass a comprehensive profile exam in the subjects studied in the bachelor's degree. The exam takes place in the form of testing or interview.
The main disciplines are the foundations of economic theory, general management.
How to effectively distribute finances, organize their movement with the expectation that the company would receive maximum profit and opportunities for development? How to coordinate and control resources not only at the enterprise level, but also at the state level? If the theoretical foundations and some practical skills for understanding these issues were laid during the previous years of study in the bachelor's degree in the financial and economic direction, then the master's degree will help to understand them in more detail. And not just to understand, but to learn how to manage the financial flows of the organization, taking into account the prospects, to use world experience and proven methods.
Brief description of the specialty
If you have already received a basic education, have complex analytical thinking and a desire to develop your horizons in the field of world financial and economic trends, studying in a master's degree will help you achieve these goals. After graduation, broad-based specialists in the field of economics and financial management are able to understand economic problems and offer solutions both within the enterprise and throughout the country. Graduates-economists receive systemic knowledge in the field of banking, taxation, consulting, monetary relations.
Benefits of studying in a master's degree
For two years of study, many universities focus on the study of economics and financial management processes in developing countries, while the bachelor's degree does not deal with these issues so deeply. The knowledge gained in the course of master's studies will help to get a more prestigious and highly paid job in domestic and international companies in the financial and banking sector, insurance and customs services, and other organizations. Not just an educated specialist appears on the labor market, but an analyst who is able to draw conclusions based on the information received and direct the company in the right economic direction.
Large universities in Moscow
- Russian State Social University;
- Eurasian Open Institute;
- University of the Academy of Education of the Russian Federation;
- Moscow Financial and Industrial University "Synergy";
- Russian University of Economics. V.G. Plekhanov;
- other metropolitan institutions of III-IV levels of accreditation.
Terms and forms of training
Most educational institutions offer a two-year full-time program. For those who do not want to break away from their main work, in some universities it is possible to obtain a master's degree, studying by correspondence or in a mixed part-time and part-time form, also for two years.
Subjects studied by students
The master's curriculum includes special disciplines in the following areas:
- financial analytics (at a high level);
- methodology for analyzing the activities of enterprises;
- ways of regulating the economy with the help of monetary levers;
- actual existing problems of finance;
- application of information technologies in the economy;
- development of the company's financial policy;
- bank financial management;
- many other items.
Knowledge and skills acquired
A graduate of the master's program masters professional skills in the field of monetary relations, financial management of an enterprise, studies the organization of activities of economic entities, learns to plan and work with information in the field of global and domestic financial systems. Among the practical tasks that the master should be able to solve:
- analyze the current financial condition of the company, predict and strategically plan the development of the situation;
- evaluate the business;
- to simulate economic processes in a separate structure;
- be able to manage an organization in a crisis situation;
- apply new technologies that have proven themselves well in other organizations.
Profession: where and by whom to work?
The master's program prepares specialists in the field of economic and financial affairs who will be able to work both in small enterprises and in large international corporations. Doors are open for holders of a master's degree in Finance and Credit:
- banking institutions,
- brokerage and insurance firms,
- audit departments,
- tax,
- analytical services of various enterprises and corporations.
After receiving a diploma, the graduate will be able to conduct not only practical activities, but also apply himself as an analyst, engage in scientific research or teaching. The minimum salary for specialists starts at 40,000 rubles and can be much higher.
Such a specialist will be in demand in the following positions:
- finance manager and analyst;
- company finance director;
- head of department in an insurance, investment, brokerage firm;
- specialist in a consulting agency or research organization,
- teacher in an educational institution;
- other work related to the organization and financial support of commercial structures.
Continuing education in the specialty
For those who are ready to devote themselves to theoretical development or practical implementation of new methods of analysis, management and optimization of financial flows, some educational institutions offer postgraduate studies. The choice of the topic and the training plan are developed on an individual basis.
Where can you go to work after five years of study in finance and credit? Graduates of many universities are well aware of what they are going to face and in what area they will work mainly, but they are unable to choose one area and the direction of their career. The practice of other people helps to understand the situation more clearly and to determine the future position and profession. But not all universities are able to conduct real practice in a normal working company.
The main thing in this specialty
If you were educated as a specialist in finance and credit, then the doors of many offices and financial enterprises, industries, industrial companies and banks are opening before you, which will gladly hire an understanding financier. You will have to conduct transactions with funds, determine the total amount of income and expenses of the enterprise, take into account and forecast future income and losses.
It is important to remember that in the process of work you have to conduct a comprehensive analysis of the price of goods and services in order to most accurately determine the current situation in the market and predict further price jumps up or down. Basically, the amount of your duties, responsibilities and income level will be directly proportional to your knowledge and qualifications.
Of course, such a serious occupation as forecasting future incomes and drawing up reports will not be trusted by an ordinary graduate who has recently completed his studies and education. To do this, you will need to gain some experience in your specialty, as well as take advanced training courses.
Where can you get a job after graduation?
In what areas and enterprises can a graduate of the specialty finance and credit get a decent job?
Insurance and investment companies
We should talk about them in a little more detail. It was mistakes on the part of insurance companies in 2008 that led to a global crisis, but because of this, one should not completely abandon work in such institutions.
There are many large financial organizations in Russia; monopolies do not exist here. So graduates will always have good employment opportunities based on competitive qualities and the rapid growth of manufacturing companies.
Investment firms will be glad to see you as an employee. But you can only get real profit if you are able to fully cope with the specialty of financial income analyst. Before sending your resume, once again familiarize yourself with the position and your desire, if the company overestimates the requirements for employees, then choose another company, because your diploma can help you with this.
The most popular professions for graduates of this profile
What position can you take in this profession?
- Financier and financial manager.
- Revenue analyst.
- Trader.
- An employee of the control department.
- Accountant.
The first choice will work well for employees in private enterprises, in at the initial stage, you will be able to work as an ordinary financier, but in the subsequent career growth will bring you to the head of the department or to the financial manager. This position is the most comfortable, because it will not need to use the maximum amount of your knowledge and skills.
And the possibility of financial support and career growth in this area is very good, you just have to work for several years and get well into the general team.
If you want to become an analyst, then try your best to improve your qualifications. and strive to increase your practical knowledge in this area. It so happened that this specialization is not observed in all financial firms, it is more common in large-scale production or in organizations with a narrow range of specialization.
Is it worth starting your own business?
Employees who have reached the top of their development and growth in the career ladder will play the role of a trader. It's a bit silly to go to a broker's office and try to make a profit there when it is quite possible to receive income under independent guidance.
For such a business, you will need a small initial capital, but it should already be accumulated if you are going to go into your own business. Nobody can give guarantees of constant prosperity and complete reliability here, since entrepreneurship can lead to crises and some losses due to incorrect decisions. But just a few years of work in this area will help secure your future life for years to come.
If you could not find a more profitable and interesting job for yourself, then you can become an accountant at any financial institution... Here career growth to the position of chief accountant is possible. But experts do not advise staying in this position for a long time, since working outside your specialty for many years can lead to the loss of the skills that you acquired for the financial sector. But it can be justified if you have a career path, high wages and personal attachment to your favorite business. Financier is best at the beginning of your career.
What subjects need to be taken for Finance and Credit:
- Mathematics (general level or profile)
- Social studies (at the choice of the university)
- Russian language.
- Foreign language.
The minimum score for passing is from 235. The form of study can be stationary or part-time. The term is 5 years. After graduation from the university, the future employee will have a specialty in finance and credit.
Finance and banks
The concept of finance comes from the Latin word financia, meaning cash, income. In the modern sense of this word, finance means the totality of all economic relations that arise in the process of formation, distribution and use of funds of funds of the state and individual enterprises. Finance is a means of control over the production and distribution of material goods, a means of stimulating the development of the state and society. To ensure these functions of finance, there are special institutions that provide financial intermediation services, primarily banks. The banking system in any country is the basis of the economy; the stability of the national economy depends on the level of development of this system. In a dynamically developing economy, the efficiency of financial management directly depends on the level of professional knowledge of specialists in the field of finance and banks.
Specialties and specializations in the field of finance and banks
The main specialty of higher professional education in the field of finance and banking is the specialty "Finance and Credit" in universities. Students of the specialty "Finance and Credit" study in universities the processes of formation and execution of budgets of various levels, the functioning of off-budget funds; the procedure for planning, accounting and reporting at enterprises, organizations, institutions; organization and management of enterprise cash flows; investment activity of business entities; features of the organization of enterprise finances.
A student can obtain more in-depth knowledge in the field of finance and banking in Moscow universities within the framework of the following specializations of this specialty:
- Banking
- Financial management
- Investment business
- State and municipal finance
- Financial control
- Economic and information security in the financial and banking sector.
Banks in their activities are guided not only by national but also global markets, therefore all banking services must comply with international standards. Professionals in the field of financial management in world markets are better off studying at economic universities in the specialty "World Economy", for which Moscow universities also have in-depth specializations in the financial and banking sectors:
- International monetary and financial relations "
- International stock market
- International investment activities. International investment
- International financial relations.
You can also get a higher education in the field of finance and banking at universities in Moscow within the framework of a two-level study: in bachelor's and master's degrees. A bachelor's degree in Economics can have a profile in Finance and Credit, specialization in Banks and Banking, Finance and the Stock Market. The study of professional special disciplines is carried out in the bachelor's degree in economic universities only in the last 4th year, this is clearly not enough to master all the complex of knowledge necessary for future financiers and bank employees, and it is recommended for bachelors to continue their education at a university in a specialty or master's degree.
What is being studied
Future graduates of universities in the field of banking and finance should master a wide range of financial and economic knowledge, including such areas as taxes and taxation, the basics of statistics and accounting, economic analysis and diagnostics, insurance, cost estimation, and the basics of foreign economic activity. In their future professional activities, they will need knowledge in the field of legal regulation of financial and banking activities, management and managerial accounting, and marketing. Special attention in the training programs of Moscow universities is paid to the use of modern information technologies for solving economic problems, Internet trading, and mastering the compilation of databases.
Where does he work and how much does he get?
A financial manager, a specialist in financial management, is in demand at any enterprise, regardless of the form of organization, scope and scale of its activities. He can predict the development of monetary circulation in the country at the micro and macro levels, carry out transactions in foreign exchange, stock and commodity markets, conduct economic analysis of economic activity. Graduates with this specialization form the cadres of the highest (financial director, head of financial management) and middle management (head of the financial department, leading specialist of a department, department). The salary of a financial manager is from 40,000 rubles a month, a financial analyst - from 45,000 rubles a month.
Banking specialists can work in banks: the Central Bank of the Russian Federation, commercial banks, an international banking network, representative offices of foreign banks. These specialists will find application of their knowledge on stock exchanges, in financial, leasing and insurance companies, the Ministry of Finance of the Russian Federation, investment funds, government bodies of the federal, regional and municipal levels. The level of salaries of middle-level bank employees: from a credit manager with a salary of 25,000 rubles to a specialist in leasing operations with a salary of 40,000 rubles.
The field of activity of graduates of economic universities after receiving an education in financial and banking specializations of an international profile - servicing foreign economic, monetary and financial and entrepreneurial activities; ensuring the formation and use of information on assets, liabilities, income and expenses of enterprises, organizations, institutions; promoting the rational organization of financial and economic relations of objects; assistance in protecting economic interests. A specialist in foreign economic activity receives a salary of 35,000 rubles per month.
Many people are concerned about how to choose a specialty. "Finance and Credit", "Accounting", "Jurisprudence", "Philology", "Insurance" - the choice is so huge that the applicant sometimes gets confused and cannot decide.
This question torments not only young men and women who embark on the path of growing up. Many experienced and successful people, professionals in their field, are thinking about obtaining a second higher education, raising the level of qualifications, and confirming a diploma on various issues.
Why Become a Financial Expert?
The country's economy is constantly undergoing ups and downs, and in order to navigate and respond in time to all changes, it is necessary to have a baggage of certain knowledge. Choosing the specialty "Finance and Credit" as a profession, the applicant will not fail. This is exactly the opportunity, thanks to which you can always stay on top, not depend on the volatility of macro- and microeconomic indicators. Of course, not every position implies stability and a cloudless future. However, the ability to feel changes will help you take adequate measures in time and not let your career and life take its course.
Choosing the right educational institution is the key to the success of your future career
For our country, the study of financial structures, cash flows is a fairly new area. Often universities are not able to present the student with information that corresponds to reality. It is very important that the department, which has the specialty "Finance and Credit" in its list, has the latest educational literature, methods of presentation and discussion of the material, teachers who understand all the subtleties of science. It is best when, in addition to theorists, practicing bankers and financiers act as teachers. Such "business sharks" know firsthand what "Finance and Credit" (specialty) is, who to work with, having chosen such a path in life.
Who can work with a diploma in such a specialty?
There is an opinion about a limited list of positions for people who have chosen the direction of "Finance and Credit". The specialty (by whom to work specifically, we will consider below), contrary to the delusion of the uninformed, is not limited to the work of a banker. The list of possible positions is quite large and covers different areas of activity.
Finance specialist
Such a position exists in a company of any level and form of ownership. Cash flow management, relationships with other institutions (banks, treasuries, tax authorities), analysis of activities and profitability - all these are the powers of a competent financier.
Banking specialist
In such an organization as a bank, there are a lot of opportunities for the realization of their talents and skills. In connection with the widespread popularization of banking products among the population, you can take your own niche and successfully move up the career ladder in the loan issuance department, insurance department, providing services for the registration of deposits and the sale of various banking products.
Appraiser
This is a fairly new and specific specialty. Finance and credit (already issued by an entrepreneur or a future loan), assets, the prospects of a particular project, businessman, contract or product - all these factors and many others must be systematized by the appraiser, brought together and, as a result, determine the value of an object or process. To some extent, this is a subjective opinion of a specialist, nevertheless, the higher the qualifications, professionalism, experience, level of trust in the appraiser, the more clients will listen to him.
Investment advisor
A consultant is a position that an employee can hold as a full-time specialist or periodic assistant to a manager. Fluency in information regarding profitable investment, foresight and the ability to calculate future events will become a reliable support and basis for successful cooperation with managers of major companies and organizations.
Crisis manager
This is a profession that has become the talk of the town, a specialist who will help bring the company out of the impasse. The difficulties faced by many businessmen make them look for ways to save money, optimal solutions for their future activities. A competent financier should help in resolving such issues through knowledge of the movement of funds both within the company and in its external transactions.
Which university issues the required diploma?
The received diploma, confirming knowledge in the field of "Finance and Credit", specialty (universities of all levels and ranks provide an opportunity to master it), is not just a document certifying graduation from the university. It should become a visiting card of a young specialist who is just trying to get a job. Unfortunately, not all educational institutions can boast of a sufficiently high-quality education system. Many one-day universities graduate in batches of "professionals" who are incapable of solving planned tasks at work. In order not to be among them, it is worth replenishing the ranks of students of time-tested universities. These are not necessarily the most prestigious Moscow institutions; among the top best in Russia are St. Petersburg State University, Novosibirsk National Research University, National Research University Higher School of Economics and many others. All of them, in addition to a good basis, have contracts with employers that will help to apply knowledge in work.
How to get the first work experience?
Practice in the specialty "Finance and Credit" does not imply high positions, but it will help you figure out what's what in real life, and not on the pages of a textbook, will become the foundation and support for your future career.
The specialists of recruiting companies are convinced that the difficulties in the economy still leave financiers and related positions in the five most demanded professions. Young professionals may well count on further growth, but the start of a career begins with the positions of junior assistants, analysts and assistants. This "baptism of fire" will allow you to study the market of investments, securities, lending and consolidate the theoretical knowledge gained in the course "Finance and Credit". The specialty (reviews of graduates confirm the data) is promising for those who really have a flexible mind, the ability to quickly navigate and are tuned in to the result in their work.