2 ICEF Mission ICEF is a result of successful cooperation between the HSE and the LSE Strategic objective: creation of the centre of academic excellence in the field of economics, that implements research projects and educational programmes on a level with the best world universities. Motto: «Multum in parvo» / «The Great is in the s mall»
3 Development Story 1995 The idea to create ICEF appeared within the framework of the joint European project “Strengthening of economic education at MSU” (LSE – Sorbonne - Tilburg) of the “Tempus” programme, but met difficulties in implementation. 1997 The agreement on ICEF establishment was signed between the HSE and the LSE by A.Giddens and Ya. Kuzminov. 1997-2001 1 stage: Establishment of BSc double degree programme 2001-2009 2 stage: Sustainable BSc programme development, setup and growth of MSc programme 2009-2013 3 stage: Development into an international scale research institution 2010 The International Research Laboratory of Financial Economics 2011 The First International Moscow Finance Conference 2012 The first meeting of LSE.ICEF International Academic Advisory Board 2013 The new HSE-LSE Contract on ICEF development
4 ICEF Profile BSc Double degree programme (with external exams) (since 1997) 1) UoL - Economics - Banking & Finance - Economics & Management - Economics & Finance - Accounting & Finance - Mathematics & Economics 2) HSE Economics BSc Graduates 833 “Financial Economics” MSc (since 2007) HSE degree, Letter of Validation signed by LSE official MSc Graduates 98 International Research Laboratory of Financial Economics (since 2010) with participation of the LSE Academic staff 18 full-time teachers (with PhD) about 100 part-time teachers (HSE, NES, MSU)
5 ICEF Programmes: Fusion of 2 Education Cultures Russian universities LSE • Broad university education • Deep vocational education • 4 years, ~35 subjects (BSc) • 3 years, 12 subjects (BSc) • 2 years, ~20 subjects (MSc) • 1 year, 4 – 6 subjects (MSc) • High volume of class hours • Low volume of class hours • Examination marks awarded by • Emphasis on self-study students’ own teachers • Double-blind procedure ICEF • The best of two economic traditions • 4 years, ~22 subjects (BSc) • 2 years, ~10 subjects (MSc) • Medium volume of class hours • Emphasis on self-study • ICEF interim exams + UoL external exams
6 Students 900 64 800 BSc MSc 54 700 54 600 51 500 46 767 400 657 616 300 521 458 420 200 264 100 157 38 0 1997/1998 2000/2001 2003/2004 2006/2007 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014
7 BSc Admission 2013 The average USE Grade The Numbers of applicants for the applicants admitted to the ICEF to the ICEF BSc Programme BSc Programme, 2009-2013 1000 919 89,0 846 900 87,0 800 86,6 673 649 Number of applications 700 635 85,0 600 83,2 83,0 500 81,2 81,0 400 80,5 300 79,0 200 77,8 77,0 100 0 75,0 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 Year of intake * In 2009 each applicant could apply to 5 or less HSE departments, in 2010-2013 - to 3 or less departments. ** In 2013 : 287 applicants were enrolled in ICEF
8 BSc: Academic Achievements University of London exams,average grades,2013: ICEF and Rest of the world 90 80 70 60 ICEF 50 ROW 40 30 20 10 0
9 Diploma Classifications of ICEF Graduates at the University of London International Programme, 2001-2013 120 Number of students 100 80 60 40 20 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year of graduation pass third second (lower) second (upper) first
10 BSc Programme Integrated Curriculum: UoL and HSE 1 year 3 year Micro- and Macroeconomics Micro- and Macroeconomics Calculus Econometrics Statistics Principles of Accounting English Language Further Mathematics Intellectual History of Europe Public Sector Economics World History History of Economic Thought Information Computer Systems Economic History Sociology of Popular Finance Labour Economics Development Economics 2 year 4 year Micro- and Macroeconomics Corporate Finance Principles of Banking and Finance Organisation Theory Sociology Industrial Economics Introduction to Business and Management International Economics Mathematics for Economics Monetary Economics Quantitative Finance Statistics Financial Intermediation Jurisprudence Investment Management Philosophy of Science Time Series and Panel Data Analysis Political Science Institutional Economics Methods of Optimisation Economics of Transition Linear Algebra English Language
11 Academic Staff (past and present) 2002-2003 academic year 2013-2014 academic year 37 lecturers at BSc programme 68 lecturers at BSc and MSc programmes Tenured professors Part-time teachers Visiting professors Visiting 3% (HSE faculty members) (from LSE, professors Full-time ICEF faculty 46% University of Cambridge, with PhD degrees 32% Oxford University, etc.) 22% 14% Part-time teachers Part-time teachers Part-time teachers (from other (from other universities - (HSE faculty universities - NES,CEFIR, MSU, etc.) members) NES,CEFIR, MSU, 22% 39% etc.) 22%
12 MSc programme integrated curriculum: courses with international expert control and HSE courses 1 year 2 year Microeconomics Econometrics II Macroeconomics Financial Economics II Econometrics Fixed Income & Derivatives Financial Economics I Advanced Topics in Finance Mathematics for Economists Topics in Applied Finance Research seminar Research Seminar Elective Courses: Elective Courses: International Trade and Development Russian Economy Corporate Valuation Cases in Mergers and Industrial Organization Acquisitions Risk Management Investment Management International Financial Management International Trade and Development Strategic Financial Management Investment Management Corporate Valuation Cases in Mergers and Acquisitions Master’s thesis
13 MSc programme: Lecturers with PhD degree Teacher University Subject M. Nikitin PhD, University of Pittsburgh Macroeconomics A. Yurko PhD, University of Texas at Austin Microeconomics F. Slonimczyk PhD, University of Massachusetts Amherst Econometrics PhD, Pennsylvania State University International Trade and Development R. Zakharenko A. Parakhonyak PhD, Erasmus University Rotterdam Microeconomics PhD, University of Notre Dame Macroeconomics, Fixed Income Analysis and Derivatives V. Sokolov S. Gelman PhD, Universitat Muenster, Germany Financial Econometrics PhD, Universitat Pompeu Fabra Financial Economics, Risk Management C. Sprenger S. Morfov PhD, Universidad Carlos III de Madrid Financial Economics PhD, Bocconi University Microeconomics E. Catonini U. Peiris PhD, University of Oxford International Finance, Risk Management PhD, European University Institute Econometrics A. Sirchenko S. Stepanov PhD, Universite Libre de Bruxelles Private Equity and Venture Capital, A. Boulatov PhD, City College of the City University of New Advanced Topics in Finance York, PhD University of California, Berkeley PhD, Yale University Advanced Topics in Finance D. Tsomokos M.A. Betschinger PhD, Universitat Muenster International Financial Management Ph.D., University of Pavia Risk Management D. Fantazzini L. Timoshuk PhD, Calyon, London Risk Management B. Urošević PhD, Haas School of Business Advanced Topics in Finance
14 ICEF Placement BSc&MSc Dynamics 140 10 120 100 55 Education in Russia 80 14 11 Education abroad 32 Working 60 38 39 26 40 59 20 31 30 27 0 2009 2010 2011 2012
15 Foreign Universities where ICEF Graduates Continue their Studies, 2001-2013 Continental Europe UK USA Amsterdam Business School The London School of University of New York Economics and Political University of Amsterdam Columbia Business School Science* Erasmus University Rotterdam Princeton University The London Business School Harvard University * ESLSCA Graduate School of University of Oxford Business Stanford University University of Cambridge Stockholm School of Economics University of Minnesota * Warwick Business School EADA Business School, Spain Carnegie Mellon University - Tepper Tanaka Imperial Business Business School * EDHEC Business School, France School University of Wisconsin – Madison * Gent Management School, Cass Business School Belgium Thunderbird University University of Birmingham * University of St. Gallen * Boston College * University of Edinburgh Maastricht University City University of London INSEAD MSc Finance MSc Management Imperial College London Bocconi University * 27% Aston University 23% University of Bremen University of Westminster Humboldt University Durham University Toulouse School of Economics * 24% 20% Durham Business School 6% University of Aberdeen Other MSc MSc Economics programmes PhD * universities where ICEF graduates continue their studies on PhD programmes
16 Graduates’ Job Placement 201 2 Top companies Number of graduates VTB Capital 15 Sberbank 9 UBS Investment Bank 8 Ernst & Young 7 Gazprombank 7 Troika Dialog 7 Citibank 6 KPMG 6 McKinsey&Co 6 Renaissance Capital 6 Oliver Wyman 5 PwC 5 BNP Paribas 4 Credit Suisse 4 Goldman Sachs 4 Rosatom 4 RUSNANO 4 Deutsche Bank 3 Morgan Stanley 3
Recommend
More recommend
