Capital Markets and Financial Institutions

This course consists of two major parts. The first part is devoted to the nature, role, and functioning of financial institutions in the developed capital market. The second part deals with the Russian capital markets and financial institutions. The principal goal here is to screen the local experience against worldwide theory and practices in order to identify both common and specific features of developed and emerging markets.

Konstantin Kontor,
AIBEc Professor


We seek to enroll Russia’s most talented future managers, to provide them with a demanding international quality business education, and to help them find the careers that will make best use of their talents.

You can download our license here.

Specificaly, we aim:

To set a standard of excellence for graduate management education in Russia and the CIS.

To attract instructors with internationally recognized academic qualifications and international teaching and management experience.

To maintain the highest level of academic integrity and promote high standards of business ethics.

To select students with high potential for business leadership and challenge them to think independently and develop their intellectual potential.

To enroll a diverse student body without discrimination on the basis of race or gender and to make our programs accessible and affordable to all qualified students.

In pursuit of this mission, the American Institute of Business and Economics, an independent, non-for-profit organization, has operated in Moscow since 1989. If you share our goal of quality in management education, we invite you to join out team as a student, teacher, employer, corporate partner, or friend.

One of the Oldest Private Business Schools in Moscow

  • The American Institute of Business and Economics (AIBEc) has been operating in Moscow for almost 30 years
  • More than 2,500 professionals from Russia, Europe, Asia, and the U.S. got business education at AIBEc

Personalized Programs and Flexibility of Study

  • Personalized approach – each student can put together a tailored program and choose a convenient schedule
  • Options to take just one course, or any set of courses, as well as to get certificates in various areas (finance, marketing, accounting, HR) or an MBA
  • You can start studies with any course, at any time of the year
  • You may attend the first class of each course free of charge to see if the course fits your goals and whether you like the instructor
  • Courses are offered in Russian and in English

Online Programs on Coursera

  • AIBEc in cooperation with MIPT has launched financial courses taught by Konstantin Kontor on Coursera (more...)

Students’ Feedback

Alumni feedback

Videos presenting feedback of the AIBEc alumni can be watched here.

Feedback from Coursera learners

This is selected feedback from Coursera learners to the Capital Markets and Financial Institutions course taught by Konstantin Kontor:

  • An awesome course. I’ve never thought that the capital market story may be so interesting. Every day while I have to stop myself from watching the whole week at once. It’s really very clear and very intriguing
  • Great! No... Brilliant! Will wait for other courses with Konstantin Kontor as a lecturer
  • The instructor is wonderful! Everything is explained clearly. I am excited although my activities have nothing to do with finance
  • I strongly recommend the Course regardless of your professional interests

All feedback:

Corporate Programs

  • AIBEc offers corporate educational and development programs for top and middle management of Russian and international companies.
  • Corporate programs are always custom-tailored (more...)

AIBEc clients include:

  • Major international companies – Coca-Cola HBC Eurasia, Syngenta, Swedbank
  • Major Russian companies – RAO UES, AFK Sistema, Bashneft, Gazprombank, MDM Group, ROSNO, Ritzio Entertainment Group, Unicum, Nastroyenie
  • Investment and technology companies – JSC IBS Prudentia, Diasoft, Bell Integrator
  • A number of individuals from the Russian Forbes-100 list


Focusing on understanding and the “big picture”

  • We focus on the “big picture” and the stakeholders’ interests
  • Students combine the understanding of basics and the ability to learn
  • That helps build a career in technologies or entrepreneurship

Technology and traditional values

Online is a clear trend in business education. It provides for:

  • Global reach, convenience, affordability

However, online education has some fundamental drawbacks including:

  • Low motivation to complete courses
  • Lack of personal contact with the instructor

We combine current trends with the traditional values of business education:

  • Financial courses taught by Konstantin Kontor have been launched on Coursera in cooperation with MIPT
  • In certain cases, personal tutorship and coaching are available

Flexible Payment Terms

Entrance exam and cost of study

  • For the students who successfully passed the entrance exam (more...) the tuition rate is set at 45,000 rubles per course
  • Each course can be paid for separately
  • Discount is offered if several courses are paid for at once

Partial financing

  • Students may qualify for personal discounts and partial financing from AIBEc
  • The decision is made by the AIBEc administration on an individual basis

Pricing corporate programs

  • We adjust the format of a program to the client’s budget constraints
  • If there are just a few participants at a client company, we may place them in our regular (non-corporate) groups

Membership in Professional Associations

  • AIBEc is a member of the American Chamber of Commerce (AmCham) and the Association of European Businesses (AEB)
  • The AIBEc Director Konstantin Kontor co-chairs the Education – Corporate Partnership Working Group at AmCham

Takeovers, Restructuring, and Corporate Governance

Takeovers, Restructuring, and Corporate Governance course starts on Tuesday, July 17, 2018.

Entrance Exam

You could take AIBEc Entrance Exam from March 12, 2018 till June 30, 2018. Students who achieve qualifying score on the exam pay reduced tuition.

Summer Semester, 2018

Summer Semester starts on June 2, 2018.