Higher economic education in Russia is distinguished by its high academic standards, practical orientation, and international recognition. Programs are available in Russian, English, and French. Tuition fees are among the lowest in the world (thanks to the subsidies from the Russian government) while maintaining high quality — between $1,500 and $3,000 per year. Graduates of Russian economic universities build successful careers in banks, investment funds, international corporations, government bodies, and private businesses.
How is economic education structured in Russia?
Studies begin with a Bachelor’s degree, followed by a Master’s degree and, for those interested in academic or teaching careers, a PhD.
First Path: Bachelor’s + Master’s + PhD
The multi-level system of economic education in Russia allows students to progress from learning basic theories to developing strategic thinking and analytical skills.
- 1. Bachelor’s Degree (4 years) — the first stage, where students master the fundamentals of economics, management, accounting, marketing, finance, and statistics..
- 2. Master’s Degree (2 years) — the next stage, aimed at developing competencies in the field of financial analysis, international economics, digital business, project management, and human resources.
- 3. PhD (3 years) — the final stage, which enables students to conduct scientific research in the field of economics, teach in academic institutions, develop applied models, and participate in economic evaluations.
This system provides deep theoretical and practical training and meets the needs of both the classical and digital economies.
Second Path: Specialist Degree + PhD
Some programs follow the Specialist format (5 years), combining basic theoretical training and professional practice. Graduates receive the qualification of “Specialist,” equivalent to a Master’s degree.
Graduates may continue into a PhD program with a focus on academic research and teaching.
Advantages of Economic Education in Russia
- International standards – programs are developed in alignment with global trends and are aimed at preparing professionals for the international labor market.
- Affordable tuition – $1,500–$3,000 per year, which is significantly lower than similar programs abroad.
- Practical orientation – real business cases, simulations, internships in the economic sector.
- High demand for graduates – employment in international companies, government bodies, banks, and startups.
- Experienced faculty – training is conducted by experts in the field of economics, more than 90% of whom hold PhD or Doctoral degrees and have international professional experience.
- Multilingual education – programs are offered in Russian, English, or French.
- Digital transformation of programs – emphasis on fintech, big data, artificial intelligence, digital economy, risk management, and sustainable development.
Programs
- Business Informatics
- Commodity Science
- Customs Affairs
- Economic Security
- Economics
- Finance and Credit
- Housing and Public Utilities Infrastructure
- Human Resource Management
- Management
- Public and Municipal Administration
- Public Audit
- Trade and Commerce
