• ‘Entrepreneurial Finance (in English)’

    • Full-time
    • 2 years
    • EN
    • 360 000 RUB
  • Entrance exams

    • Economic Theory
    • Foreign language (English, Chinese, German, French, Spanish)

Program description

Investments in startups are crucial in the modern economy. New companies create most of the new jobs, generate innovations and destroy existing markets. Angel investments in new startups grew significantly even during the crisis. This is a very active market, and understanding its dynamics, as well as how to participate in it as an investor or entrepreneur is the key to success. The master’s degree program “Entrepreneurial Finance” covers the entire cycle of investing in new enterprises and prepares future graduates to work with the market of venture startups and angel investments.

The program provides students with key issues of entrepreneurship: how much money can and should be attracted, when and from whom it should be attracted, what is the reasonable price of such attraction and the cost of the company. The training is aimed at preparing both entrepreneurs and venture investors for these decisions.

Program managers

Pokamestov Ilya Evgenievich

  • PhD in Economics
  • Associate Professor, Department of Financial and Investment Management
  • The practitioner has 12 years of experience in senior positions in the field of factoring business. Trained in leading factoring companies in the UK and France.
  • Has been working on the Russian factoring market for more than 20 years. In 2005-2008, he was a member of the Educational Committee of the International Factoring Association, IFG (International Factors Group). Author of many books and publications on the topic of factoring and trade finance.

Upon completion of the program, graduates will be able to

  • Evaluate the effectiveness and efficiency of the organization as a whole and individual projects.
  • Manage personal finances and well-being.
  • Attract investors through crowdfunding platforms and other communication channels.
  • Provide legal and tax support for business decisions.
  • Calculate the effectiveness and justify management investment decisions considering risk factors and under conditions of uncertainty.
  • Collect and analyze data and build financial models of companies based on them.

Key disciplines of the concentration

General Professional Block

Strategic financial management, modern methods of performance management

Analytical-Management Block

Mathematical modeling and quantitative research methods, modern strategic analysis, modern management theories

International Block

Theory and practice of business negotiations, international investments, international financial management


Startup cost management, accelerator startups, theory and practice of business negotiations

Professional Block (Entrepreneurial Finance)

Venture financing and venture investment management, direct and portfolio investments, concepts of entrepreneurial finance

Business Block

Business growth management, mergers and acquisitions, startup lifecycle management, options, financial risk management


The program trains specialists who plan to participate in startup enterprises at different career stages: as a founder, investor, member of the board or consultant. Students of the program get internships in SDM-Bank PJSC, the group of companies “Project Practice”, as well as in other banks and commercial organizations.

Organizations where you can find a job

Unique advantages of the program

The studies process includes modern forms of training: case studies, online courses, business games, IT simulators, master classes and workshops of international companies’ representatives.

Students can prepare for international ACCA and CFA certification.

The first master’s degree program in Entrepreneurial Finance in the Russian Federation.

The program faculty are leading experts in various entrepreneurship fields.

A strong community of students and graduates, including current entrepreneurs and investors.

The program will allow you to know more about investing in startups, as well as about the financial aspect of start-up companies.