Private company

Finance University under the Government of the Russian Federation

University in Moscow, Russia

Finance University under the Government of the Russian Federation (FinU or Finance University, previously FA or Finance Academy; Russian: Финансовый университет при Правительстве Российской Федерации) is a highly prestigious public university located in Moscow, Russia. It has been historically considered as one of elite institutions in the Soviet Union and in Russia, a "Billionaire Factory", as well as one of the oldest Russian universities preparing economists, financiers, philosophers, bankers and financial lawyers.² It is part of Government of Russia.¹ Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Mar 1, 1919Founded¹

HeadquartersMoscow¹
Websiteen.fa.ru

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The story

History of Financial University started in December 1918 when the People's Finance Commissar decided to create a specialized financial institution of higher education – the first in the history of Russia – Moscow Institute of Economics and Finance. It was opened on 2 March 1919, and its first rector was Dmitry Bogolepov – the Moscow State University graduate, the Deputy People's Finance Commissar of RSFSR. In September 1946, the institute was consolidated with Moscow Credit-Economic Institute training students since 1931. As a result of merger of these two institutions of higher education Moscow Finance Institute was formed, with Nikolai Rovinsky as its rector. It began with two thousand students and four faculties: Finance, Economic, Accounting, Credit, Monetary Economics, International Economic Relations. The Military Department opened later, in 1947.

In 1991, Moscow Finance Institute was renamed to "State Finance Academy" and in 1992 Russian president Boris Yeltsin changed its name to the "Finance Academy under the Government of Russian Federation" giving a governmental status to the institution. In 2009, the Finance Academy celebrated 90 years of its history.

On 14 July 2010, the Russian Government approved a new Charter for the institution changing its name from the "Finance Academy" into the "Finance University" and made it an official consultative body to the government.

On 4 March 2011, KPMG opened its own department at the university to enhance cooperation based on lectures and practical activities covering audit, International Financial Reporting Standards, taxation and corporate finance.

In 2011–2012 Financial University finished acquisition of three higher education institutions in Russia: State University of the Russian Ministry of Finance, Tax Academy of the Russian Federation, All-Russian Distance Institute of Finance.

From Wikipedia’s article on Financial University under the Government of the Russian Federation, shared under CC BY-SA 4.0.³

Leadership

Who has led Finance University under the Government of the Russian Federation, and when. Pick a name to see everywhere that person has worked.

ChairMikhail Eskindarov¹

Products and brands

Research profile

Finance University carries out research activities. These include both fundamental and applied research in the areas of finance, money circulation and credit, insurance, accounting and audit, business evaluation, international monetary relations; research done for post doctoral and PhD dissertations; development of expert-and-analytical materials requested by the bodies of legislative and executive power; organisation of scientific events (conferences, seminars, "roundtables", etc.).

Review of Business and Economics Studies

Review of Business and Economics Studies (also known as RoBES) is a quarterly peer-reviewed academic journal covering economics and business. It was established in 2013. It is published by Financial University under the Government of the Russian Federation.

Aim and scope

The Review of Business and Economics Studies aims to select topics in economics and business science that are of interest for decision-makers in business and government, and connect business and state authorities to academia by delivering deep insights.

The Review of Business and Economics Studies defines its scope as covering significant developments in economics and business including macroeconomics, microeconomics, international economics, international finance, international trade, industrial organization, labour economics, political economy, monetary theory, fiscal policy and socioeconomics.

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Abstracting and indexing

The journal is included in the Russian Science Citation Index – a component of the Scientific Electronic Library ru:eLIBRARY.RU. The journal is abstracted and indexed in: Google Scholar, Research Papers in Economics (RePEc), EconPapers – a service of Research Papers in Economics (RePEc), Scilit, ResearchGate, Scientific Electronic Library Cyberleninka, RoBES is included in the Directory of Open Access Journals.

ISSN 2308-944X. eISSN 2587-7089.

Editorial processes

All submissions undergo a double-blind peer review. The review is carried out by the editorial board members and external experts on behalf of the editorial board. All reviewers must be experts on the subject of the reviewed materials.

Editors-in-Chief

2023–present: Dr. Pavel S. Seleznev

2013–2022: Dr. Alexander I. Ilyinsky ru:Ильинский, Александр Иоильевич

Notable papers

According to Google Scholar, the following three papers have been cited most frequently:

Dźwigoł, H. (25 April 2020). "Interim management as a new approach to the company management". Review of Business and Economics Studies. 8 (1): 20–26. doi:10.26794/2308-944X-2020-8-1-20-26.

Kuzmin, Anton (2014). "A structural model of exchange rate dynamics". Review of Business and Economics Studies. 2 (3): 86–92.

Eroshkin, S.Y.; Kallaur, G.Y.; Papikian, L.M. (2016). "Lean construction and BIM: complementing each other for better project management". Review of Business and Economics Studies. 4 (4): 17–22.

Business

Andrey Akimov – CEO and deputy chairman of board of directors of Gazprombank

Andrey Bokarev – billionaire, chairman of the board of directors of "Kuzbassrazrezugol" Holding Company

Andrey Borodin – billionaire, former CEO of the Bank of Moscow

Andrey Elinson – former Deputy CEO Basic Element, former Managing Partner A1, the Founder of Inweasta

Bella Zlatkis – deputy chairman of management board at Sberbank, former deputy finance minister of Russia

Gennady Soldatenkov – deputy president and chairman of the management board of VTB Bank

Kirill Pisarev – billionaire, co-owner of PIK Group

Mikhail Alekseev – chairman of the management board of UniCredit Bank

Konstantin Kagalovsky – billionaire, former vice-president of Yukos and Bank Menatep

Mikhail Gutseriyev – billionaire, former owner and CEO of Russneft

Mikail Shishkhanov – billionaire, president and CEO of B&N Bank

Mikhail Prokhorov – self-made billionaire and oligarch, the second richest man in Russia according to Forbes

Valeriy Novikov – chief operating officer and member of the executive board of Alfa-Bank

Vasily Titov – first deputy president and chairman of the management board of VTB Bank

Vladimir Dmitriev – chairman of Vnesheconombank

Vladimir Golubkov – chief executive officer of Rosbank

International cooperation

Before the 2022 Russian invasion of Ukraine and the subsequent severance of academic cooperation with Russia by much of the international community, the Financial University under the Government of the Russian Federation had established numerous agreements with partner institutions in Australia, the United Kingdom, Germany, Spain, China, the United States, the Czech Republic, and other countries.

According to its official website, the university claims to have over 160 international partners and membership in 12 international associations and university networks. However, the publicly available list of active partnerships is much smaller and includes:

Short-Term and Exchange Programmes:

Zhongnan University of Economics and Law (Wuhan, China)

Jiangxi University of Finance and Economics (Nanchang, China)

Singidunum University (Belgrade, Serbia)

Joint Educational Programmes:

International Economics and Business Engineering – Partner: Shandong University of Finance and Economics (China)

International Economics and Trade (with a focus on Chinese economy and language studies) – Partner: Jilin University (China)

Specialised Programmes in Finance, IT, and Risk Management:

Software Development Technologies, Data Engineering, Logistics, and Corporate Finance – Partner: Dalian University of Information Technology “NEUSOFT” (China)

Financial Risk Management: Applied Analytics and Banking Technologies – Partner: Vietnam Banking Academy (Vietnam)

Business and Finance in the Social Sector – Target audience: 2nd-year undergraduate students in the “Economics” programme at the National University of Uzbekistan named after M. Ulugbek

International Taxation – Target audience: 2nd-year undergraduate students in the “International Taxation” programme at Tashkent State University of Economics (Fiscal Institute under the State Tax Committee of Uzbekistan)

Finance and Banking, Bachelor of Business Administration (BBA) – Target audience: 2nd-year undergraduate students in the “Business Management” programme at the Financial and Economic University of Mongolia