Translartion. Region: Russians Fedetion –
Source: State University Higher School of Economics – State University Higher School of Economics –
In January 2025, HSE and Southwestern University of Finance and Economics (SWUFE) signed a cooperation agreement to implement a dual degree master’s program within the Financial Economics program at ICEF and the Master’s in Finance program at SWUFE. This program will allow students to gain a unique educational experience in two countries, combining the best educational traditions of Russia and China. ICEF’s counterpart is the Research Institute of Economics and Management (RIEM), established at SWUFE in 2006 to implement research and educational programs in economics and finance at a high international level.
ICEF delegation at Southwestern University of Finance and Economics (SWUFE) in Chengdu, China, in October 2024. During the meetings, an agreement was reached to establish the ICEF–RIEM Dual Degree Master’s Program.
© MIEF
Features of the program
The program is based on the principle of mirror mobility: students study for 1-1.5 years in China at RIEM SWUFE and for 1-1.5 years in Russia at ICEF HSE. During their studies, students will gain in-depth knowledge in economics, finance, and data analysis, and will also study the economic and cultural characteristics of both countries.
To participate in the program, you must successfully complete the first year at your home university and be selected for the double degree program. In the second year, students will study at the partner university and then return to their home university to complete their studies. Master’s theses will be defended separately at each of the universities.
The programme will be taught in English and will include courses in micro- and macroeconomics, asset valuation and corporate finance. Each university will offer its own unique emphasis: RIEM will focus on the Chinese economy and financial system, and ICEF on quantitative and applied finance and data analysis.
Upon completion of the program, graduates will receive two diplomas: a Master’s degree from the National Research University Higher School of Economics in Economics and a SWUFE diploma in Economics (specialization in Finance).
Dean of the Research Institute of Economics and Management RIEM, Professor Yan Dong (graduated with a Master’s degree from the London School of Economics, UK, and received a PhD from the University of Essex, UK) about RIEM:
“Our institute is very special. From the name, it seems that we are a research institute, but in fact, we are an educational unit. We have about 1,000 undergraduate, graduate and doctoral students. Our institute is special because all of our teachers have obtained their PhD degrees abroad. We have graduates from universities in the United States, Europe, Asia and other countries. All of our teachers are fluent in English, and the language of instruction – the working language in our institute – is English. We have more than 100 foreign students studying at our institute. This is what makes our institute special – it is quite an internationalized institution, and we have teachers who do not speak Chinese at all – they are international specialists.”
Academic Director of the ICEF Master’s Program “Financial Economics” Maxim Nikitin:
“Since the creation of the Financial Economics program, its main feature has been its international format. We have sought to integrate international standards and practices into the educational process. Cooperation with one of China’s leading universities in the field of finance, such as SWUFE, is an important step in this direction and expands the geography of our educational interaction. We are pleased that this initiative is based on the principle of equal exchange, which will enrich the programs of both partners, and will also create a new platform for academic exchange and joint projects. We are confident that this partnership will provide our students with access to unique knowledge and skills that will be in demand in the global labor market.”
Earlier in 2024, HSE ICEF and RIEM SWUFE launched Bachelor’s double degree program in economics and financeCurrently, the first cohort of 2nd year students of ICEF is already successfully studying at SWUFE under this program.
Graduates of the program will receive a bachelor’s degree in economics from the National Research University Higher School of Economics and a bachelor’s degree in economics from SWUFE.
Academic Director of the ICEF Bachelor’s Program Oleg Zamkov:
“ICEF HSE and RIEM SWUFE are a very good match for each other in implementing dual degree programs due to the close financial and economic focus of the programs and the level of updating of the courses. All economic and financial subjects required for ICEF students are also available at SWUFE, and, conversely, ICEF has everything required for students of the partner university.”
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