MGIMO School of Business and International Proficiency

Financial Director

Financial Director

22 October 2018

Training will allow learners to deepen and expand their professional knowledge and skills in the field of corporate finance and financial management, as well as master key aspects of the financial director’s competencies.

In a modern world the basis for making a decision are finances, and financial management is the most important functional sphere of management connected with task-oriented setting up of financial flows, effective capital formation, cash funds, arranging investments, needed for achieving strategic goals of organizational development. Training will allow learners to deepen and expand their professional knowledge and skills in the field of corporate finance and financial management, as well as master key aspects of the financial director’s competencies.

Academic supervisor — Vasiliy Tkachyov — Ph.D. (Economics), MGIMO Associate Professor, member of a Group of experts of the Association of Regional Banks of Russia on monetary policy. Working experience at Procter&Gamble (responsible for building the financial service in distributing companies in Southern Russia), expert to Department of Economic and Social Development of the Council of Europe (Strasburg). Author and co-author of books on finance and investments, participant and speaker of leading Russian and foreign Conferences on finance and management. The Program is oriented at professionals with working experience in finance, who would like to broaden and expand their professional skills, and at those who would like to change their current field of managerial activity and master key aspects of a financial director’s competence.

PROGRAMME STRUCTURE

Module. Management and economics of businesses

This module is aimed at forming a clear idea of management as an integrated management system and the formation of an economic and legal mentality in order to improve the efficiency of the organization.

  • Global Business Environment
  • Management: theory and practice of organization management
  • Economics for managers
  • Strategic management
  • Management Decisions
  • Innovation Management: Theory and Practice of Foresight
  • Crisis Management of the Company
  • Legal Basis of Business
  • Marketing
  • Risk Management

Module. Personnel management and personal efficiency growth

The purpose of the module is to provide listeners with systematized knowledge and skills in the field of personnel management in a modern company and the developing the ability of listeners to achieve their goals with minimal time and resources.

  • Modern technologies of human resources management and motivation
  • Leadership and personal efficiency growth
  • Organizational behavior and Team-building technologies
  • Business Communications
  • Ethics of Business

Module. Finances and strategy of businesses

The purpose of the module is to develop an understanding among the listeners about the functioning of the financial environment of the business, and to teach how to use the most effective methods and tools for developing, testing and implementing the organization's strategy.

  • Financial environment of business
  • Accounting for managers
  • Financial analysis
  • Management Accounting
  • Corporate Finance
  • Project management
  • Business planning
  • Theory and practice of interaction between business and government

Module. Specialty Disciplines

This module examines the key issues of organization of the financial service of businesses, especially when it comes to formation of a set of key knowledge and competences of the financial director that he applies in the development of the company's long-term financial development strategy, considering the changing situation in the country and the world.

  • Organization of the financial service of the firm. The role, tasks and competences of the financial director
  • Financial accounting and reporting (RAS and IFRS)
  • Modern information technologies of financial management: SAP, Oracle, Microsoft Dynamics и 1С
  • Company’s interactions with banks: services and operations of banks for enterprises
  • Working capital management
  • Cash flow management
  • Cost management. Controlling
  • Short-term business funding
  • Financial policy and company’s strategy
  • Capital Management. Attracting long-term financing. Organization of IPO
  • Management of investment programs and project portfolios
  • Tax planning
  • Mergers and Acquisitions
  • Principles and mechanisms of public-private partnership
  • Investor Relations (IR)

Module. Elective disciplines

  • Management of Intellectual Assets of a company
  • International Financial Reporting Standards
  • Wealth management. Personal Financial Planning
  • Time management
  • Dealing with conflicts
  • Cross-Cultural Management
  • Effective negotiations
  • Business presentation skills and the art of public speaking
  • Gastronomic Etiquette
  • Individual coaching sessions

Module. Business English

Site Visit Overseas Module (optional)

Upon completion of the program, students will

  • Understand the essence and features of the processes taking place in the foreign economic activity;
  • Achieve the most advanced management technologies considering the specifics of logistics processes;
  • Form effective development strategies;
  • Apply modern international management experience.

Students will also have the opportunity to interact with the industry leaders, which will allow them to learn about management practices of some of the best Russian and foreign companies first hand. During the study of business cases students will learn how to solve real world practical tasks when running a company.

Certificate of Education

Students who successfully complete the MBA Program receive a Master of Business Administration degree with a specialization in «Financial Director».

Program cost — 820,000 RUB for the entire period of study. Payment is made by semester.

Program format — Modular (20 months), 6 two-week full-time intensive modules (from 10 a.m. to 9 p.m.)

Admission requirements:

  • Higher education degree
  • At least 25 years of age
  • At least 3 years of managerial experience
  • Applicant must have a leadership potential and a strong motivation to learn

Selection process for the MBA program

Stage 1

  • Registration
  • Motivational letter
  • Essay on a given topic

Stage 2

  • Solving of a business-case
  • Testing of English language skills

Stage 3

  • Interview with the supervisor of the program
  • Enrollment decision

Start of the Programme — 22 October 2018