ICEF HSE

1. ICEF HSE 1997 - 2015

2. 2 ICEF as a model of (HSE, LSE and UoL) cooperation Teaching: • BSc double degree bachelor programme in economics: • Integrated with UoL curriculum, agreed teaching methods and exam procedures • Teachers are selected and appointed by ICEF IAC • Students take HSE andinternational exams (APT, IELTS, UoL) • MSc international programme “Financial economics” with involvement of LSE: • Agreed curriculum, teaching methods, exam proceduresincluding second marking by LSE academics, teachers are selected and appointed by ICEF IAC • Specifics and value added of joint programmes: high academic standard of teaching, more opportunities for students, high level of global employability and perspective to become real world citizens Research and academic governance: A new type of University cooperation: cooperation in research, staff development, academic governance with aim of establishing a new educational institution dueto institutional support of the leading university.

3. Choice of specialization on BSc programme Economics and Finance has been the most popular specialisation among ICEF students over the last years (more than 50% of students). About 25% of students choose Banking and Finance specialisation. The rest of the students are distributed among other specialisations.

4. 4 Students The number of students has been steadily growing since ICEF opening in 1997 and in 2015 it reached the long-run objective (about 850 BSc students and about 80 MSc students).Further plans include growth in number of BSc graduates without increase in number of BSc students or applicants (around 220-230 per year) due to decrease in % of assignments and gradual growth of MSc students number (according to the employment of sufficient number of academics with PhD)

5. BSc Programme Integrated Curriculum: courses with UoL and HSE exams

6. Academic Staff(past and present) 2002-2003academic year 37 lecturers at BSc programme 2013-2015academic year68lecturers at BSc and MSc programmes Tenured professors3% Part-time teachers (HSE faculty members) 46% Visiting professors (from LSE, University of Cambridge, Oxford University, etc.) 14% Full-time ICEF faculty with PhD degrees 22% Visiting professors32% Part-time teachers (from other universities - NES,CEFIR, MSU, etc.) 22% Part-time teachers (from other universities - NES,CEFIR, MSU, etc.) 22% Part-time teachers (HSE faculty members) 39% The share of full-time ICEF faculty with PhD degrees went up to 25%.

7. BSc Programme: Lecturers with PhD Degree

8. The numbers of applicants to the ICEF BSc Programme The number of applicants is consistently high – more than 3 per place. It was even higher in the case of modified application regulations in 2009 and 2013. It indicates high interest of school graduates to the ICEF BSc Programme.

9. Average USE score (out of 100) of year 1 ICEF students, 2009-2015 * the bias observed in 2013 is caused by countrywide USE organisational errors Unified State Exam (USE) is a series of exams every student must pass after graduation from school to enter a university or a professional college.  On the graph there is an average score over 3 USE subjects: Mathematics, Russian and English. The dynamics of the average USE score is positive over the last years. The intake quality of 2014 was rather high. It ensured that the progression rate of year 1 students in 2015 was more than 80%.

10. Distribution of ICEF applicants, admitted by results of competition or USE score

11. 1st year progression rate dynamics The percentage of students who met the requirements of the University of London and were admitted on the International Programme. The 1st year progression rate has been growing since 2011-12. It reached quite a high level in 2015 (84%) due to a better quality of intake and ICEF team efficient work.

12. BSc: Academic Achievements In the majority of subjects the results of ICEF students are higher by 10-15 points than in the rest of the world. There are 2 subjects where ICEF results are below ROW results (Principles of Accounting and International Economics) and 3 subjects where ICEF results are similar to the ROW results (Further Mathematics for Economists, Monetary Economics, Quantitative Finance). Nevertheless these results are rather high (above 50 points).

13. Average UoL exams scores at ICEF and the Rest of the World*, 2010-2015 *The analysis accounts only for the subjects of ICEF programme Number of subjects taken by ICEF students: 2010-2013 – 21 subjects 2014 – 23 subjects (new subjects for “Mathematics and Economics” specialization) 2015 – 25 subjects (new subjects for “Mathematics and Economics” and “Accounting and Finance” specializations) In ICEF the average UoL exams scores are consistently high over the last 5 years (above 55 points) though the gap with the rest of the world average scores has slightly decreased.

14. Estimated ICEF BSc Graduation rates, 2010-2015 These indicators show ICEF performance of a particular year. Graduate on time: a product of progression rates of year 1, year 2, year 3 and year 4 students in a particular year. It accounts for students who will graduate after 4 years of study Graduate totally: a product of adjusted progression rates of year 1, year 2, year 3 and year 4 students in a particular year. Each progression rate is adjusted for the share of students repeating a year of study. This indicator accounts for students who will graduate after 4 and more years of study These indicators were steadily growing in 2013-15 and now they reached the highest level over the last 6 years. The graduation rate (totally) exceeded its target level (70%) although the target graduation rate (on time) should be at least 60% as indicated in the ICEF development programme.

15. MSc students number and progression rate 15 The MSc students number and their progression rate have been growing in the last 3 years due to the introduction of budget financed places.

16. ICEF students degree classification (red) comparing to the UoL (blue), 2013 16 ICEF Students’ Results (red) сomparing toUoL (blue), year 2013 The share of the first class honours in ICEF was well above 20% and well above 50% together with the second upper class in 2013 while for the rest of the world it was 4% and 21% respectively.

17. The University of London degree classification of the ICEF graduates, 2001-2015 The share and the number of the first class honours and second upper class honours increased in 2013-15 and reached the level above 50% in the share and above 60 students in the number.

18. ICEF graduates’ career paths EDUCATION SCIENCE PhD Work at university MSc abroad EDUCATION BUSINESS MSc in Russia Work abroad MBA Work in Russia ICEF opens a wide range of professional career paths.

19. Placement of BSc Graduates The highest share of students continuing their studies abroad was in 2012-13. The number of those students and their share went down in 2014-15. The structure of 2015 is close to the structure of 2009 (both crisis years) due to economics reasons.

20. Foreign Universities where ICEF Graduates Continue their Studies, 2001-2015 MSc Finance MSc Management *universities where ICEF graduates continue their studies on PhD programmes Double degree received by ICEF graduates allows them to continue their studies in the top universities in the various areas of specialisation. Other MScprogrammes MSc Economics PhD

21. Top 20 universities where ICEF graduates continue their studies Выпускники МИЭФ, все года выпуска (1) — universities where ICEF graduates continue their studies on PhD programmes The biggest number of ICEF graduates continues their studies at LSE. Oxford, LBS, City, Imperial College, and others are also on the top. Высшая школа экономики, Москва, 2014

22. Top 20 employers of ICEF graduates Выпускники МИЭФ, все года выпуска (2) *working in 2015 Высшая школа экономики, Москва, 2014

23. ICEF graduates’ careers 2001-2014 Marketing, PR, Media5% Industry15% Financial institutions47% Consulting services,Audit 17% Academic career3% Other9% Own business4%

24. ICEF Graduates 2014