The Financial University under the Government of the Russian Federation (FinU or Financial University) ( Russian: Финансовый университет при Правительстве Российской Федерации) is a federal state-funded institution of higher professional education located in Moscow, Russia. FinU had several bygone names: 'Moscow Institute of Economics and Finance' (1919–1946), 'Moscow Finance Institute' (1946–1990), 'State Finance Academy' (1991–1992) and 'Finance Academy under the Government of the Russian Federation' (1992–2010).
It is considered among top 5 universities in Russia according to Forbes and RBC as well as one of the oldest Russian universities preparing economists, financiers, bankers and financial lawyers.
The Financial University consists of 14 faculties, 40 departments, 3 institutes, 2 high schools, 2 research institutes, 8 centers, 2 training – science laboratories, a network of regional offices – 11 branches and 4 offices open in seven regions of Russia.
University is well known for its strong alumni network and famous graduates (third wealthiest person in Russia
Mikhail Prokhorov, Deputy Prime Minister
Alexander Khloponin, Finance Minister
Lev Kuznetsov, CEO of
Andrey Akimov and some others) who take up leading positions in politics, business and academia. According to CEO magazine, the Financial University is ranked first in the country in terms of number of billionaires who studied there.
History of the Financial University started on 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 D.P 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 and received congratulations from numerous business and government officials, including Prime Minister Vladimir Putin and Finance Minister Alexey Kudrin.
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 the Financial University finished acquisition of three major 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.
The system of higher education established at the Finance University includes: