Master of Finance

Upon completion of the program, you will receive a Master of Finance degree from HSE University. The online mode will not be mentioned on the Diploma. You will receive the same Diploma as on-campus students.

The Diploma will be issued in Russian and you’ll receive the Diploma Supplement in English (Supplement to Degree Certificate) — an official document that is recognized in other countries and confirms students’ qualifications. ‎

Graduates of the program will be well equipped for careers at international banks, investment and hedge funds, rating agencies, consulting groups, audit companies, and other financial institutions.‎

The program is a complete Master's degree program of the National Research University Higher School of Economics, accredited by the Russian government. ‎

Yes, you can try the HSE Quantitative Finance Specialization online before you apply for the degree.‎

You can contact the MF program team via email mf@hse.ru‎

Lectures are pre-recorded. Seminars and workshops are delivered online in real time and the recordings will be provided afterwards.‎

The program length is 24 months. Students are expected to study two courses concurrently, and for each course they have one live seminar in 2 weeks in the evening time on weekdays or on weekends. So the students would be able to combine their job and studies.‎

You will have access to pre recorded lectures and live seminars. The weekly workload is estimated at 8-10 hours per course. Students are expected to study two courses concurrently. Alongside with the pre-recorded lectures, you will need to adjust for the schedule of live seminars, which are held twice for different time zones.‎

A student has to successfully complete 18 courses to receive a diploma.‎

You can take a maximum of 2 courses at a time.‎

Yes, there will be an online graduation ceremony. ‎

Yes, transfer to the on-campus program is possible in accordance with the HSE student transfer regulations. ‎

Yes, our instructors are involved in both online and on-campus courses.‎

Yes, there are online office hours with instructors.‎

Online students have access to the same resources as offline students, i.e. the library, HSE Career Development Centre, Centre for Psychological Counselling, etc.‎

The student ID card is issued to all students upon request, but can be received only personally since HSE is not permitted to mail student IDs.‎

You will have access to the HSE Banking Institute Alumni Club. Moreover you will be connected with other students via various online and social network resources, including the learning platform, Facebook and Telegram.‎

The HSE Banking Institute Alumni Club provides information on open positions at many well-known organizations is regularly posted and updated. HSE Career Development Centre also provides workshops.‎

You need to create a personal account and to submit all the required documents. More information about our application steps can be found via the HSE website.‎

There is no application fee. ‎

You will be able to transfer progress only if you completed the HSE Quantitative Finance Specialization on Coursera.‎

There are tuition fee discounts based on your country of residence.‎

The Fall 2021 tuition fee is 1,280,000 RUB. You do not need to pay the entire cost upfront; it is divided into four equal payments for four semesters of the program.‎

Applicants are considered for admission based on the application portfolio and should meet the following requirements:

• Bachelor’s degree or equivalent;
• Strong proficiency in English;
• Computer literacy (ability to work with MS Office).

The full portfolio can be found via the link

The following points provide additional scores for portfolio:

• prior work experience in the field of Finance, including an internship;
• completion of the HSE Quantitative Finance Specialization courses on Coursera.‎

A finance background is not an obligatory requirement for applicants. Nevertheless, the program is suitable to you if you are highly motivated to obtain financial education and ready to improve basic knowledge of quantitative skills in the process. Work experience is not required but can be an advantage.‎

If you are successfully admitted to the program, you will need to submit the following documents to HSE in order to officially enroll. We recommend that you prepare them early:

• Academic diploma with supplements/transcript
• Notarized translation of diploma with supplements/transcript into Russian
• Passport/ID
• Notarized translation of Passport/ID into Russian

Please read about the process of Legalization of documents.‎

Based on the results of your application evaluation, the committee’s decision will be send to your personal account, as follows:

• recommend for admission
• not recommend for admission

In the latter case you are welcome to apply in the next application period. ‎

To be sure that you meet admissions requirements, you can apply for a portfolio consultation before submitting the documents via the link. You are welcome to try again in the next application period if you are not ready now. ‎

International applicants should prove their English language proficiency through one of the following means:

1. Submitting a copy of the document proving that the previous degree was taught in English;
2. Submitting a copy of TOEFL / IELTS / PTE / CAE / BEC:

• IELTS – no less than 6.0 points,
• TOEFL IBT – no less than 80 points,
• TOEFL PBT – no less than 500 points,
• TOEFL CBT – no less than 232 points,
• CAE with grade C (pass),
• CPE with grade A, B or C,
• BEC Higher with grade A, B or C. ‎

International transcripts can be submitted through your personal account on the Application portal.‎

There are no additional requirements for international students.‎