Banking and Finance in North-Caucasus Federal University

Master’s program


Majors: Corporate Finance; Financial and Banking Administration in the Context of Digitalization; Finance and Investment Technologies in Modern Business; Financial and Legal Instruments of Tax Management; Tax Consulting


Institute of Economics and Management, Department of Banking and Finance


Natalia Kunitsyna, Head of the Department
+7 (8652) 94-59-20


Accreditation. The program successfully underwent state accreditation in 2020.

Achievements. NCFU delivers the Corporate Finance program in Russian and English jointly with Sapienza University of Rome (Italy).

Teaching staff. The department’s research capacity is built by nine Doctors of Sciences and 13 Candidates of Sciences. Five employers are engaged in the learning process.

Facilities and resources ensure all kinds of classes are conducted. There are educational and practical laboratories such as Mini-bank for training specialists of front- and back offices of credit institutions, Mini-Exchange –a trading floor with terminals equipped with QUIK software

Education. Classes are conducted offline and online on the BigBlueButton platform and in the LMS Moodle system. Active and interactive teaching methods such as interactive seminars, discussions, computer simulations, business games and role plays, case study
are integrated into classes. Employers are engaged in the development of the educational programs. Students undertake internships at credit institutions, ministries, agencies, and finance and credit institutions of the NCFD constituent entities. Specialists and practitioners give public lectures.

Research. The department conducts extensive research on finance and credit mechanism in the context of market relations.

Competitive advantages. The educational program is positively evaluated by employers. Graduates are in demand in the job market, hold senior positions at companies, government entities, banks. The department staff has been implementing the project “Increasing the Level of Financial Literacy of Population” since 2014. It annually holds the Olympiad for school students “With the Knowledge of Economics – to Financial Well-Being” and the All-Russian Student Olympiad “Securities Market.”

Employers and employment. The organizations employing graduates are the Stavropol Territorial Division of the Southern Main Branch of the Central Bank, the South-Western bank of Sberbank; the Ministry of Finance of the Stavropol Territory; the Ministry of Economic Development of the Stavropol Territory, the Federal Treasury Department for the Stavropol Territory, the Directorate of the Federal Tax Service of Russia in the Stavropol Territory, and other ministries, agencies, and credit and financial institutions.