Master's Degree, Faculty of Economics

38.04.01 Economics. Economic analytics

Program Overview

The program implements an interdisciplinary approach to teaching economic and applied disciplines. Special emphasis is supposed to be placed on the study of analytical tools, which will allow the formation of competitive competencies in demand in the labor market.

During education process students can choose one of the educational tracks:

1. The fundamental track:

- Emphasis on the disciplines of the economic and theoretical spectrum

- Involvement in scientific activities

- Research practices at the faculty

- Formation of the "Master's Degree-Postgraduate Study" system

2. Practice-oriented track:

- Emphasis on the disciplines of the analytical spectrum

- Active interaction with industrial stakeholders in terms of case development and practical training

- The main method of teaching is Case Study + fundamental training within the framework of the basic part".

In order to form and develop students' research and professional skills, classical and interactive forms of conducting classes in combination with extracurricular work are widely used in the implementation of the master's program. The educational technologies used are based on the following principles of learning - individuality, accessibility, continuity, effectiveness; on the following forms and methods of learning - the method of working in groups, CAC technologies, analysis of problem situations, group discussions, business games.

Core curriculum

Program Benefits

• Training of future researchers and analysts on the basis of the research school of the Faculty of Economics of the Southern Federal University, who will continue their studies in Russian or foreign postgraduate studies, and will also be in demand in various industries and spheres of the economy.
• Emphasis on fundamental training and independent research at the modern academic level according to international standards. The graduate of the program will gain in-depth knowledge of economic theory, which will allow him to conduct modern scientific research, build models of economic processes; he will also master the methods of econometrics and working with data at a level sufficient for conducting academic and applied empirical research.
• Students can participate in research as research assistants and build individual educational routes.
• The program implements an interdisciplinary approach to teaching economic and applied disciplines. The training is carried out by teachers of different departments.
• The educational technologies used are based on the following principles of learning - individuality, accessibility, continuity, effectiveness; on the following forms and methods of learning - the method of working in groups, CAC technologies, analysis of problem situations, group discussions, business games.
• The methods of control and management of the educational process used in the program include testing, control papers, essays, oral surveys.

Prospects. Career & Employment

Economic analysts research significant trends in commerce and business. From their research, they forecast the effects of these trends on a company or industry. They often work for privately held companies, financial institutions or state and federal government.

Sample job titles include:

• Market Research Analyst $61,616 per year
• Financial Analyst $93,069 per year
• Policy Analyst $119,916 per year
• International Trade Analyst $73,000 per year
• Econometrician $60,000 per year
• Environmental Economist $69,000 per year

Economists-analysts are most in demand in industrial companies, consulting, information structures. They work in such areas as logistics, marketing, sales, finance, information technology, and may work as Economic Research Analyst, Energy Markets and Economic Impacts Analyst, Health Economic and Outcomes Research Analyst, etc.

Why pursue a Master's degree in Economic analytics?

A specialist can build a career in one industry, for example, oil, or, on the contrary, freely move from one sphere to another.

A specialist in the field of deep fundamental training, combined with the possession of modern business analysis and economic and mathematical modeling tools, can hold not only the position of a business analyst in an organization, but also a system analyst, business process analyst, enterprise analyst, project manager, management consultant, including positions in such areas as project management, software development, quality management, communication design in the organization.