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About School

Higher School of Finance and Management (SHFM) is a department of the Russian Presidential Academy of National Economy and Public Administration. The structure of the School is determined by educational programmes, chairs, research and exam centers, as well as the subdivisions of business administration. The Board of Trustees, composed of executives of large businesses and distinguished professors known both nationally and abroad, heads the School.

Higher School of Finance and Management (SHFM) is a department of the Russian Presidential Academy of National Economy and Public Administration. The structure of the School is determined by educational programmes, chairs, research and exam centers, as well as the subdivisions of business administration. The Board of Trustees, composed of executives of large businesses and distinguished professors known both nationally and abroad, heads the School.
The SHFM means:

  • International accreditation of training programmes
  • Participation in governmental, industry-specific and fundamental research projects
  • A wide range of educational programmes
  • State diplomas plus professional certification by international associations and institutes
  • About 4000 alumni, almost 600 students and attendees studying every year
  • Alumni Association “National Institute of Financial Executives” and the Career Center
  • 70 full-time teachers, including 70% of Doctors of Science and Candidates of Science, coaches and consultants, foreign lecturers
  • Internships and training abroad (China, Spain, Germany, Lithuania, Latvia, Great Britain)
  • Campus resting on appr. 16.8 ha

SHFM is a certified training center of the British Institute of Certified Financial Managers

Award of the Ministry of Finance “Reputation of the Year” in category “Training of Professional Financial Managers”

MBA Finance Program  is the first in Russia MBA program which obtained  European accreditation (EPAS/EFMD)

2016 The students of EMBA and MBA Finance programmes of the SHFM went on a week internship on risk management at the German Management Academy of Lower Saxony (DMAN).

The Presidential Academy held a practical conference "Modern financial education - trends and new techniques" for school principals, teachers and 10 to 11 year students, organized by the SHFM. Over 300 people attended the conference from 19 schools in Moscow. 

Representatives of the SHFM, headed by Dean Elena Lobanova, participated in “Opportunities for Corporate Finance in present-day Russia" forum, organized by the Institute of Charted Accountants of England and Wales (ICAEW), with the support of the British Embassy and Ambassador extraordinary and plenipotentiary Dr. Laurie Bristow.
 
Alexander Sokolov, a graduate of the MBA Finance programme, Higher School of Finance and Management RANEPA, became the winner in nomination "For the best research paper on Risk Management" in international contest "Best Risk Management 2016 in Russia and the CIS"
2015 The SHFM was awarded with The Golden Europe Award for Perfection, Quality and Ideal Performance, the international award from OMAC for high quality educational activity.

The School won another Quality Achievements Award 2015, an International Award of the European Society for Quality Research, ESQR.

First graduates of the Bachelor’s Degree programme in finance management. 65 graduates received state diplomas; four of them got dual diplomas (a Russian diploma and a Bachelor of Finance diploma of the University of Portsmouth).
2014 Master’s Degree programme "Corporate Financial Management" received the European EPAS/EFMD  accreditation of excellence. MBA Finance programme was reaccredited.
 
The SHFM became a full member of the World Project QTEM (Quantitative Techniques for Economics and Management).

The SHFM became the winner of The Golden Europe Award for Quality and Commercial Prestige - 2014, a golden European award.

The SHFM became the winner of The BIZZ Winner - 2015, an  international award.
2013 Signing of the memorandum of cooperation  with  Solvay Brussels School Economics & Management (Belgium)

Signing of the memorandum of cooperation with Portsmouth University (Great Britain)

Signing of the memorandum of cooperation  with the Georgian Technical University

Signing of the memorandum of cooperation  with the York University  and Los Angeles University for DBA Program 
2012 Publishing of the basic course book in Corporate Financial Management
First internship in China
2011 European accreditation of МВА Finance Program
2010 Visit of Robert Higgins, author of the bestselling “Analysis for Financial Management”
2008 Membership in IAASB, IESBA/IFAC
2007 Membership in EFMD

 

2006 First edition of the book “Investment Projects and Real Options”
2005

First Russian collection of cases on corporate finance

2004

Longest Program in IFRS

2003 First in Russia ЕМВА Strategic Finance Program
2002 First in Russia Financial Analyst Program
2001

Opening of  the School of Financial Director
Visit of Richard Brayley, author of the bestselling “Principles of Corporate Finance”
Publication of the book “Financial Manager”

2000 First in Russia MBA Finance Program
1999 Internship in Judge Institute of Management (Cambridge University)
1998

Publication of the book “Financial Management”

1997 Internship in German Academy of Management
1996 Opening of Master’s Degree Program in Financial Management
1995 Internship in Spain
1994 First case  “Sweet Chasing Red October”
1992 First in Russia Financial Manager Program

 

Mission – is to organize world-class research in target areas of knowledge, such as Corporate Finance, Financial Management, Value-Based Management, Managerial Accounting and Risk Management – and, as a result, - creating guarantees of excellence and high quality of education programs.


Goal – development and implementation of the sustainable growth algorithms complying with international ethical norms in business and finance. 
To achieve the established goal the SHFM solves the following tasks:


The SHFM activities are characterized by flexibility and adaptability, innovation and strategic vision.
  • Ensuring high-quality training of the whole range of financial managers, i.e. linear and functional managers and top executives both in Russia and abroad under conditions of the global campaign aimed at a radical transformation of the financial function in corporations
  • Remaining one of the leading institutions of higher education teaching its students management, finance, economics and value-based management (global sphere of strategic integrated financial management) on the basis of dynamically developing high-quality programmes that consider further employment of the students
  •                      
  • Maintaining its positions as a leader, recognized both in Russia and world-wide, in specialized knowledge in the sphere of neo-classical finance that is characterized by academic excellence as well as by high practical significance
  • Developing global research contacts of SHFM by strengthening and promoting  international partnerships in the sphere of education

Our slogan in 2012/2013: “From success to success along the curve of the life cycle”.

License for educational activities.

Series:  90Л01 № 0008916

Reg. №  №1862 от 30.12.2015

Certificate of registration RANIHGS

Series 90А01 № 0002039

Reg. №1943 от 20.05.2016

Higher School of Finance and Management RANEPA