+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
National Interests: Priorities and Security
 

The impact of the digital economy on education and professional advancement of talent in the financial market

Vol. 15, Iss. 8, AUGUST 2019

Received: 18 June 2019

Received in revised form: 2 July 2019

Accepted: 26 July 2019

Available online: 15 August 2019

Subject Heading: ECONOMIC POLICY OF THE STATE

JEL Classification: G32, G33, M42

Pages: 1394–1405

https://doi.org/10.24891/ni.15.8.1394

Kazakova N.A. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation
axd_audit@mail.ru

ORCID id: not available

Subject The article examines a set of factors influencing the transformation of professional competence among the financial market talent.
Objectives The research aims to form relevant professional competencies, substantiate popular professions in the financial market, determine future paths of higher and professional training for financial specialists in the time of the digital economy.
Methods The methodological framework relies upon analytical, quantitative, expert and point-based methods, and the systems approach to training financial specialists in demand with reference to sought-after careers in auditing and analytics.
Results Challenges the digital economy brings were found to be a driving force for modifying educational programs, setting new disciplines, implementing practice-oriented technologies for communicating with the business environment. High demand for IT and analytical talent in public administration, business and science is showed to encourage universities to create Master's programs raising necessary competencies. The article presents the comparative analysis of ratings assigned to identical Russian and foreign programs. I traced premises generating the demand for such financial professions as analysts and auditors, and introducing a new qualification exam for auditors in accordance with international standards of education.
Conclusions and Relevance The digitization of business processes will transform competencies, professions and financial training courses respectively. Specialists in the financial market are expected to have robust knowledge of the Russian and foreign methods for economic research, skills in adjusting and adapting analytical techniques for a specific assignment, subject or business process, and use the risk-oriented approach and up-to-date software and hardware. As digital technologies become ubiquitous, the proposed model of the financial market competencies can underlie the concept for educating and developing financial specialists, and a new model for their professional certification as an alternative to international qualifications.

Keywords: digital economy, financial technologies, business analysis, professional values

References:

  1. Grechko M.V. [Management of intellectual factors and economic development of the country and the region: Evidence from the Rostov-on-Don Oblast]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2019, vol. 15, iss. 5, pp. 897–908. (In Russ.) URL: Link
  2. Filin S.A. [Strategic technological platforms as the basis for technological security of Russia in the future]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2019, vol. 15, iss. 1, pp. 18–34. (In Russ.) URL: Link
  3. Kazakova N.A., Romanova N.V. [The impact of the digital economy on the development and competitiveness of the Russian financial sector]. Finansovyi menedzhment = Financial Management, 2019, no. 1, pp. 86–94. (In Russ.)
  4. Mel'nik M.V. [Conditions of successful use of professional standards]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2016, no. 3, pp. 55–64. URL: Link (In Russ.)
  5. Kogdenko V.G. [Investigating company risks within the framework of the stakeholder approach to analysis]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2018, vol. 17, iss. 6, pp. 1051–1072. (In Russ.) URL: Link
  6. Kazakova N.A. [Development of competence-based training approach in higher economic education: Experience of Plekhanov Russian Economic University]. Sovremennye problemy nauki i obrazovaniya, 2016, no. 5, p. 234. (In Russ.) URL: Link
  7. Barilenko V.I. [Preparation of business analysts]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2011, vol. 10, iss. 33, pp. 42–47. URL: Link (In Russ.)
  8. Kazakova N.A. [Background and prospects for changes in the qualification certiication of auditors in the Russian Federation]. Auditor, 2018, vol. 4, no. 12, pp. 11–19. (In Russ.)
  9. Krasil'nikova I.V., Mel'nik M.V., Kazakova N.A. [Development of a system of qualification certification of auditors in the Russian Federation: Problems and solutions]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2017, no. 5, pp. 18–29. URL: Link (In Russ.)
  10. Kazakova N.A., Kazakov A.Yu. [Financial and administrative business analytics in programs of higher education of new generation]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2012, vol. 11, iss. 9, pp. 30–35. URL: Link (In Russ.)

View all articles of issue

 

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 20, Iss. 3
March 2024

Archive