The School of Finance and Banking
Natalia A. Lesnevskaya, PhD,
The School of Finance and Banking was established in November 2002 after merging the School of Finance and Economics and the School of Banking.
The school was headed by:
V. S. Bus, Associate Professor (2002-2004);
N. I. Bogdan, Professor (2004-2009).
Currently the Dean of the School is Natalia A. Lesnevskaya, PhD, Associate Professor.
The School of Finance and Economics, as an independent unit existed from 1964 to 2002.
Previously training of the students majoring in finance and credit had been carried out by other schools. The School of Finance and Economics was headed by:
- A. Shashkovski, Associate Professor (1964-1974);
- G. Kravtsova, Associate Professor (1974-1992);
- G. Multan, Associate Professor (1992-1998);
- V. Bas, Associate Professor (1998 – 2004).
The School of Banking as a separate unit was established in 1992, and existed till 2002. The dean of the school was PhD, Prof. S. Tkachuk.
At present the school of finance and banking trains full-time students with majors in
- 1-25 01 04 01 "Finance"
- 1-25 01 04 02 "Banking"
- 1-25 01 04 03 "Taxes and Taxation
- 1-25 01 04 04 "Insurance"
- 1-25 01 04 07 "Finance and Credit in Foreign Trade Activities"
- 1-25 01 04 08 "Stock Market"
- 1-25 01 04 09 “Finance and Control in the Sphere of Customs Activity”
- 1 -25 01 04 10 "Financial Management"
- 1-25 01 04 11 "Finance in Public Administration and Local Self-Government
- 1-25 01 04 12 "Pension Provision"
The School also trains students who major in 1-25 01 08 "Accounting, Analysis and Audit” and specialize in 1-25 01 08 01 "Accounting, Analysis and Audit in banks.”
Since 2008 the School of Finance and Banking has been offering a four-year training in all the majors except for the major in “Finance and Credit in Foreign Trade Activities”. This major presupposes 4.5 years of training.
The correspondence department trains economists majoring in finance and credit with the following specializations: "Finance (complete and reduced apprenticeship)," Banking (complete and reduced apprenticeship)," “Taxes and taxation (complete and reduced apprenticeship)”, "Financial Management" (complete and reduced apprenticeship), "Insurance", "Stock Market", "Pension Funds".
While majoring in “Finance and Credit” students gain comprehensive knowledge in various areas of financial and credit relations, and practical skills of financial reporting, as well as they develop the ability of analytical thinking and creative approach to solving financial tasks. Furthermore, specificity of the qualifications obtained is largely determined by the choice of specialization.
Students majoring in "Finance" get up-to-date knowledge on financial management, financial institutions, fiscal relations, they acquire skills in the organization of finance for private and public enterprises, learn the specifics of the government financial management. The specialists of this area are mainly trained to work in financial offices of business entities, as well as the Ministry of Finance of the Republic of Belarus and control financial institutions.
Graduates majoring in “Banking” realize their economic, organizational, managerial, accounting, analytical and research activities primarily in the commercial banks and non-bank credit and financial institutions. Multi-aspect character of training allows young professionals to find work in financial offices of business entities and public administration.
Graduates majoring in “Finance and Credit in Foreign Trade Activities” are focused on the performance of financial and credit operations in foreign trade, international payments, and financial support for foreign trade contracts. Economists with this major are prepared for building up foreign economic relations with international financial organizations, representatives of foreign banking institutions and business entities.
In 2002, the School introduced a new major named “Taxes and Taxation”, it was caused to meet the growing market demand in qualified professionals of that kind. Such specialists are required not only for the Ministry of Taxation structural divisions, but also business entities, in particular for the provision of audit services.
As a response to the demand in specialists able to monitor the flow of funds in businesses, the School of Finance and Banking introduced a major in “Financial Management” in 2004. The national economy needs employees who possess not only the fundamental theoretical knowledge, but also practical skills in financial management of enterprises. In 2005, the first correspondence students were enrolled to take this major.
Since 2004 students have been majoring in “Finance and Control in the Sphere of Customs Activity.” Ministries and departments of Belarus, are interested in training highly qualified specialists in this area, with theoretical knowledge in the field of finance and foreign economic activities.
The major in "Stock Market" was opened up in 2004. It prepares specialists who are highly skilled in currency and stock operations on the securities and stock markets. In 2005, the first correspondence students were enrolled to take this major.
The major in "Insurance" is one of the most demanded on the domestic labor market. High qualification of specialists in this field can improve their mobility and broaden the application of acquired knowledge and skills which are needed in virtually all spheres of financial and credit industry. In 2005, the first correspondence students were enrolled to take this major.
In 2006, the first full-time and correspondence students were enrolled for the major in "Provision of Pensions." Graduates of this major are needed to provide financial services in the social sphere. They may find employment in banking institutions and specialized credit and financial institutions, the Social Welfare Fund, financial services of companies, budgetary and off-budgetary organizations.
In 2010, the School announced about the enrolment of students for the major in "Finance in Public Administration and Local Self-Government”. Training of such specialists is carried out in the country for the first time. Specialists in this field have the knowledge of budgeting, skills in building relationships with the state treasury. They will be called for by financial authorities of the republic, public administration, and other entities that provide centralized management of the state cash funds, as well as organizations and agencies whose activities are funded by budget and off-budget funds.
Specialty "Accounting, Analysis and Audit" (with major in “Accounting, Analysis and Audit in Banks") provides training for multifunctional workers in the field of banking. Focus on both bank accounting and the development of students’ analytical thinking contributes to training highly skilled economists who are able to work in the banking system, accounting and in bank auditing services.
The graduates are qualified as economists. Depending on the specialization chosen they may work in the following jobs:
- taxation institutions;
- financial institutions;
- financial departments of enterprises of various types of management and different ownership;
- government institutions;
- institutions of crediting, social and cultural spheres, etc.
- insurance companies;
- joint ventures and foreign enterprises and units engaged in supporting foreign economic activities both public and economic.
The School comprises the following departments or chairs:
- the Department of Taxes and Taxation;
- the Department of Banking;
- the Department of Currency Circulation, Credit and Stock Market;
- the Department of Finance;
- the Department of Information Technologies.
At present, the school is represented by more than 2000 full-time students, 3000 correspondence students, over 120 postgraduate students, about 200 faculty members and employees forming these six departments. The school uses wide up-to-date national and foreign experience in training qualified economists for all spheres of the national economy. It suffices to say that most CEOs in Belarusian banks are the alumni of the School.
The training process provides students with general theoretical knowledge in Economic Theory, Statistics, Accounting, Business Analysis, Marketing, etc. They acquire deep knowledge of their major educational disciplines concerning monetary relations, state finance, enterprise finance, banking activities and operations, and information technologies in banking.
Students receive on-the-job training, prepare and defend their diploma theses. It helps them acquire skills necessary for independent decision-making on the issues related to the organization of financial and crediting activities and bank accounting. Practical classes and lectures are delivered by experienced lecturers, including guest professors from foreign universities. Qualified experts from the National Bank and leading commercial banks of the Republic of Belarus deliver lectures at the School, too. They manage to combine their scientific and teaching work with practical professional activities. This unity of scientific, pedagogical and practical activities brings to classes more information, quicker assimilation of new banking technologies and knowledge of prospects for banking system development.
A lot of attention is given to scholarly and research work. The Students' scientific society is divided into scientific sections. The scholarly and research work is guided by most experienced and qualified teachers.
Students have an opportunity of participating in conferences or publishing their research papers even abroad.
In the field of extra-cultural activities the School occupies a leading position in the university. Students take an active part in the events such as "Vivat Pervokursnik", "Osennij marafon", "Osennyaja Pastoral," "Studencheskaya vesna (Student Spring)".
For outstanding academic achievements in their study and scientific work students are awarded with the Scholarship of the President of the Republic of Belarus, National Bank of Belarus, the Council of the educational establishment "Belarusian State Economic University” and F.Skaryna’s Scholarship.
Young professionals tend to successfully use modern methods of conducting financial transactions, more quickly adopt new services and offer them to their customers. The School of Finance and Banking is a leader in the field of students’ science and research as well as in training scientific personnel for higher schools, the Institute of Economics of the Academy of Sciences of the Republic of Belarus and the Ministry of Economy. The School graduates successfully defend their candidate and doctoral dissertations and tend to be ingenious representatives of the financial and banking school in the research potential of the republic.
The School has developed and implemented the basic quality objectives. They are as follows: monitoring of the labor market, increased interaction with consumers, provision of high quality training, development of scientific research and innovations, training of highly qualified scientific personnel, provision of high level of the educational process and ideological work and methodological support of educational process, introduction of innovations in education activities, integration into the global educational environment. The quality targets are realized on the on-going basis.