International College of Economics and Finance

HSE ICEF – Fudan University New Master’s Double-Degree Programme

In August 2025, HSE University and Fudan University entered into a cooperation agreement to launch a double-degree master's programme. This programme integrates the curricula of ICEF's "Financial Economics" at HSE and the "Finance" programme at Fudan University. By combining the best academic traditions of Russia and China, it offers students a unique opportunity to study in both countries.

Fudan University. Jiangwan Campus

Fudan University. Jiangwan Campus
© Fudan University

Features and highlights

The programme operates on the principle of academic equivalence, ensuring that coursework completed at either university is fully recognized and credited by the other.

The curriculum provides for an in-depth study of topics such as corporate finance, international financial markets, mergers and acquisitions (M&A), and venture capital. Moreover, it allows the students a unique chance to put knowledge into practice as interns at large corporations in Shanghai, a major international finance hub.

The programme is delivered in English, merging theoretical knowledge with practical skills and helping graduates to start careers in Russian or international companies, including Chinese and Russian-Chinese joint ventures. This seems especially important in light of the growing economic ties between Russia and China.

Teachers

The programme is delivered by faculty from HSE ICEF and Fudan University, all holding PhDs from the world's leading universities. The teaching staff are actively engaged in research, which allows for the integration of the latest developments and cutting-edge scientific approaches in economics and finance into the curriculum. Furthermore, the ICEF Laboratory of Financial Economics conducts relevant research and implements its findings into the educational process, making the studies more practice-oriented. The Laboratory actively collaborates with researchers from Fudan University, fostering an exchange of advanced knowledge.

Fudan University. Handan Campus
Fudan University. Handan Campus
Fudan University

Awarding of two degrees

Upon successful completion, the student is awarded two separate degrees:

- Master of Economics (HSE diploma)
- Master of Finance (Fudan University diploma).

Admission

Admission to the programme requires successful completion of the first year at HSE ICEF and selection via academic performance ranking. The second year is spent at Fudan University, after which students return to HSE ICEF to finish their studies. The Master's theses are defended separately at both universities.

About Fudan University

Fudan University is a public university in China and has four campuses based in Shanghai. Founded in 1905, Fudan University is known as one of China’s most prestigious and respected institutions, ranking high in various international ratings. It ranks 50th in the global ranking and 6th in China according to the 2024 Shanghai Ranking/ARWU, and 5th in the ranking of the best Chinese universities.