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Financial University under the

Government of the Russian Federation


Ekaterina Nosova
Walden University

Dr. April Adams


MS IDT
Organizations, Innovation, and Change (EDUC 6105)

Contents
1. Function of the Organization
2. History
3. Structure
4. Organizational Culture, Leadership
Structure and Change
5. The resistance during the change
process
6. Strategies and sustaining change

1. Function of the
Organization
The Financial University under the
Government of the Russian Federation
fulfills the educational function that
signifies the allocation and suggestion
of the educational work.

2. History
1919Moscow Institute of Finance
and Economics. The rector of the
Institute was Dmitry Bogolepov, who
graduated from the Moscow State
University and was a chairman of the
State Committee on Drugs and Crime.
The Institute continued its work and
realization for 15 years.
1934TheMoscow
Institute
of
Credit and Economics was founded.
1946 The Moscow Institute of
Finance and Economics merged with the
Moscow
Institute
of
Credit
and
Economics and became the Moscow
Finance Institute. In 1946 there were four
faculties: 1) Finance and Economics, 2)
Accounting and Economics, 3) Credit and Dmitriy Bogolepov (1885Economics, 4) International Economic 1941)
Relations.

1991The State Finance


Academy. The rector of the
Academy was Doctor of
Science
(Economics),
HonoredScholarof
the
Russian Federation Alla G.
Gryaznova and currently,
she is the president of the
Financial University. In 1992
Russian
President
Boris
Yeltsin changed its name to
the Finance Academy under
the
Government
of
theRussian
Federation,
giving a government status
to the institute.

1992 The Finance Academy


under
the
Government
of
theRussian Federation. Year by
year the Academy was developing
its academic potential, increasing
scientific
researchers
and
international co-operation with
other universities. These years
the Academy began prospering
and succeeding in spite of that
fact that it was a very difficult
period of time for USSR, its split.
Since July 17, 2010 the
Financial University under the
Governmentof
the
Russian
Federation.
The
Financial
University was the first Russian
university to set up and register
an Endowment fund. Presently, it
accumulates more than 200
million rubles

Alla G. Gryaznova
Doctor
of
Science
(Economics),
Honored Scholar of
the
Russian
Federation, the president of the Financial
University

Mikhal Askindarov
The rector of the Financial University,
Doctor
of
Science
(Economics),
Professor,
Honored Scholar of
the
Russian Federation

3. Structure

The Financial University under the Government of the


Russian Federation consists of:

14 faculties (Preparatory Faculty, Finance and Credit,


Management and Sociology, Mathematical Methods in
Economics and Risk Analysis, Taxes and Taxation and etc.);

40 departments (Risk Analysis and Economic Security,


Foreign Languages, Accounting, Military Department, State,
Municipal and Corporate Governance, Public Service, Public
Law Disciplines, Civil Law and Procedure, Money-Credit
Relations and Ban Foreign Languages and etc.);
3 institutes;
2 high schools;
2 research institutes;
8 centers;
2 training science laboratories;
a network of regional offices.

By the end of 2010, the University numbered approximately


45 000 students and more than 3000 of postgraduate
students and the number of them is currently increasing:

4. Organizational Culture and Leadership


Structure and Change
The organizational culture can be presented
in the following way:
1) The University has a staff almost 3000 people
including an academic staff approximately 970
people and an administrative staff approximately
2100 people.
2) The Financial University is well-known for its
strong alumni network and famous graduates
such as third wealthiest person inRussia Mikhail
Prokhorov, Deputy Prime Minister Alexander
Khloponin, Finance Minister Anton Siluanov,
Governor of Krasnoyarsk Region Lev Kuznetsov.

Mikhail Prokhorov (the


presidential candidate in 2012)

Anton Siluanov
(Finance Minister )

Alexander Khloponin (The


representative of the President in
the North Kavkazskiy district )

3) The symbol of the University

4)
The
motto
is
Competence,
Responsibility
and
Prestige.
5)
By
2012
the
endowment was about
$15 million (US).

The Leadership Structure and Changes


M. A. Askindarov is
a very powerful and
educated person, Doctor
of Science (Economics)
and Honored Scholar of
the Russian Federation.
He has been governing
for more than 7 years
and he is making the
University prosper and
thrive
awarding
new
possibilities
for
the
further development.

1)
For
instance,
nowadays an array of
scientific researchers is
increasing and this work
is playing a key role in
accumulating
Universitys money for
the repaying potential.

2)
The
University
provides an annual free
advanced training for
the
academic
and
administrative staff (a
measure to keep and
prove
a
competitive
character
of
the
University among the
others).

3) In 2010 the
system
of
Russian
education
was
transformed to a twoleveled system of the
higher
education
introducing bachelor and
master degrees.

5. The resistance during the change process


Merging with three different Universities
(2012):
1. Moscow State Academy of Taxes;

2. Moscow State Financial University of the Russian


Federation;

3. Moscow Institute of Finances and


Economics.

The number of students increased sharply after


merging and the total quantity of students and
postgraduate students is approximately 80000 and
5000:

Versions of the merging

1)not
selfsupporting
and
spending huge and
numerous
state
costs;
2)the
internal
violation that caused
corruption;
3)reducing
the
number of the staff
to raise the average
salary;
4)Governmental

2,500$
2161

2,000$

1,500$
before (2011)
1

1,000$

500$

0$

810

References
1. Anderson, D. L. Organization Development: The Process of
Leading
Organizational
Change(
Excerpt from Chapter 13, "Sustaining Change, Evaluating, and
Ending an Engagement" ("Sustaining Change after the Interve
ntion," pp. 304-309)
) Copyright 2010 by Sage Publications, Inc. Reproduced with
permission of Sage Publications, Inc. in the format electronic
usage via Sage Publications, Inc.
2. Askindarov, M.A. Facts and Figures about the Financial
University under the Government of the Russian Federation,
2010.
3. Bolman, L. G. & Deal, T. E. Reframing Organizations: Artistry,
Choice, and Leadership(4th ed.), Copyright 2008.
4. Beach L. R. Leadership and the Art of Change (Chapter 6,
Follow-Through: Institutionalizing Change, pp. 113-130),
2006.
5. http://en.fa.ru/Pages/home.aspx
6. www.rednum.ru/news/

Thank you
for your
attention!