Faculty of Management and Economics
General information
The mission of the Faculty of Management and Economics – to create conditions for unlocking the potential of every person who works and/or studies at the university, to generate new knowledge and to implement innovative ideas in training highly qualified specialists for the needs of the Khmelnytskyi region and Ukraine as a whole.
The faculty provides training under the following educational programmes:
1) at the first (bachelor’s) level of higher education:
- Bachelor of Management
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- Bachelor of Finance, Banking and Insurance
- Taxation and Customs Affairs
- Bachelor of Marketing
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- Bachelor of Philology. Germanic Languages and Literatures (including Translation), the first – English
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Admission is open:
on the basis of complete general secondary education (to the first year);
on the basis of the educational and qualification level of junior specialist (to the second–third years).
Full-time studies – 3 years and 10 months,
Part-time studies – 4 years and 6 months.
Funding from the regional budget and from individuals and legal entities.
The cost of one year of study for 2024 entrants was:
- UAH 35,700 (full-time);
- UAH 24,990 (part-time).
2) at the second (master’s) level of higher education:
- Master of Finance, Banking and Insurance
- Master of Management
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- Master of Management. Healthcare Organisation and Management
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Admission is open:
on the basis of a bachelor’s or master’s degree or the educational and qualification level of specialist
Full-time studies – 1 year and 6 months.
Part-time studies – 1 year and 4 months.
Funding from the regional budget and from individuals and legal entities.
The cost of one year of study for 2024 entrants was:
- UAH 43,800 (full-time);
- UAH 30,660 (part-time).
3) at the third (educational and scientific) level of higher education:
- Doctor of Philosophy in Economics
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- Doctor of Philosophy in Finance, Banking and Insurance
More than 550 students study at the faculty.
The educational concept of the faculty. The Faculty of Management and Economics is one of the leading centres of managerial, economic and humanities education in the Khmelnytskyi region. The faculty fulfils its mission through:
- improving educational activities, in particular by introducing balanced specialised bachelor’s, master’s and doctoral programmes based on best European practice;
- improving research activities by combining teaching with research work;
- creating a positive social and psychological climate based on universal human and professional values, which fosters the development of independent, critically thinking and nationally conscious individuals.
The strategic goal of the faculty is to promote:
1. The development of a system of lifelong learning based on the concept of anticipatory, future-oriented education;
2. The improvement of the system for assuring the quality of educational activities and the quality of higher education (the internal quality assurance system);
3. The expansion of educational provision;
4. The strengthening of the practical orientation of the educational process;
5. The increase in the efficiency of the educational process;
6. The updating of the material, technical, software and regulatory-methodological support of the educational process.
The expected result is to ensure the competitiveness of the faculty in the market of educational services and in the labour market of the Khmelnytskyi region by training modern, highly qualified specialists.
Historical background
The main stages in the establishment and development of the Faculty of Management and Economics are as follows:
The first stage – began in 1995 with the first intake of 36 students in the specialty “Administrative Management”. An important milestone of this stage was 2005 – the year of the first graduation of masters in the specialty “Administrative Management”; in 2007 we obtained the right to train senior public administration personnel for the Khmelnytskyi and neighbouring regions – masters in the specialty Civil Service (the current name of the specialty is Public Administration and Management).
The second stage – the period of opening new specialties at the first (bachelor’s) level of higher education: in 2016 – Public Administration and Management, and in 2017 – Finance, Banking and Insurance. During this stage, active work was carried out to launch the training of top-level specialists. In particular, in the 2016–2017 academic year, postgraduate studies were licensed in the specialties Economics, Finance, Banking and Insurance, and Public Administration and Management; doctoral studies were opened in the specialties Mechanisms of Public Administration and Public Administration in the Field of State Security and Protection of Public Order; and a specialised academic council began its work for the defence of dissertations for the degree of Candidate of Sciences in Public Administration in the specialties Mechanisms of Public Administration and Public Administration in the Field of State Security and Protection of Public Order.
The third stage – the further expansion of the student body, including through admission to new educational programmes: since 2018 to the programme “Bachelor of Tourism”, since 2019 to the programme “Master of Management. Healthcare Organisation and Management”, and since 2022 to the programme “Bachelor of Philology. Germanic Languages and Literatures (including Translation), the first – English”. Part-time bachelor’s studies were also introduced in the specialties Finance, Banking and Insurance and Management. In addition, doctoral studies in the specialty Economics were opened. The level and potential for the further development of the Faculty of Management and Economics at this stage became the grounds for the decision of the university’s academic council to create a new faculty – the Faculty of Public Administration – on the basis of the following structural units: the educational department for the training of public administrators, the Department of Philosophy, Social and Humanitarian Sciences and Physical Education, and the Department of Public Administration and Management (decision of the academic council of 17.08.2023, minutes No. 1, put into effect by order No. 476/23 of 17.08.2023).
The fourth stage – the concentration of efforts on the further improvement of the content of and approaches to training specialists under the educational programmes in the specialties Philology, Finance, Banking, Insurance and Stock Market, and Management, the launch and development of the specialty Marketing, and the further definition of the strategic prospects for the development of the faculty.
Academic staff
The faculty has been headed by Candidate of Economic Sciences, Associate Professor Arkadii Vitaliiovych Hryhorovych (1995–2011), Candidate of Economic Sciences, Associate Professor Nataliia Petrivna Zakharkevych (2011–2013), Candidate of Sciences in Public Administration, Associate Professor Iryna Bronislavivna Kovtun (2013–2018), and since 2018 the dean of the faculty has been Candidate of Economic Sciences, Associate Professor Tetiana Vasylivna Tereshchenko. The effective functioning of the faculty is ensured by the educational department headed by Viacheslav Vasylovych Volosok. Today the educational process at the faculty is provided by more than 35 full-time academic staff members, including 7 professors and 26 associate professors; more than 80% of the teachers hold the degree of doctor or candidate of sciences. The human resources potential is being continuously strengthened. Practitioners (employers) and leading Ukrainian and foreign specialists in the fields in which the faculty provides training are systematically involved in classes.
Today the Faculty of Management and Economics comprises 3 departments:
Department of Management, Economics, Statistics and Digital Technologies
Department of Finance, Banking, Insurance and Stock Market
The Department of Management, Economics, Statistics and Digital Technologies teaches courses in all the university’s educational programmes in the fields of management and economics, information systems and technologies, and digital management. The department specialises in training highly qualified professionals who gain a solid start for developing their own business, including in the digital environment. While studying the course components, students acquire skills of effective teamwork and the ability to plan and implement measures to modernise the activities of business entities, and they master modern methods of personnel management and of the development and promotion of virtual organisations.
The Department of Finance, Banking, Insurance and Stock Market provides training at three levels of higher education for future financiers, employees of the banking and insurance sectors, stock market specialists and staff of financial management and control bodies, teaching more than 100 professionally oriented courses using innovative forms of classes, the systematic involvement of practitioners, the conduct of research and so on.
The Linguistics Department provides language training for students of 20 educational programmes, creating the prerequisites for developing communicative competence in professional and business communication, pedagogical communicative interaction, and the research and translation activities of future specialists.
Our advantages
- consistently high rankings of the university and the faculty;
- the high reputation of our graduates among employers;
- a large number of state-funded places;
- the possibility of studying two specialties at the same time and of combining study with work;
- the provision of continuous higher education at all levels (bachelor’s, master’s, doctor of philosophy);
- the high level of qualification of the academic staff, the active involvement of practitioners in the educational process, and innovative forms and methods of teaching;
- a modern level of material, technical and information support for training specialists;
- the opportunity to build an individual educational path and academic mobility for students;
- interesting, rich and diverse public, sports, cultural and academic student life, and the active work of the university’s student self-government;
- a real opportunity for students to influence the content of their studies and to improve the educational programmes they study;
- the opportunity to take part in international programmes and projects and to gain practical skills at the university’s Student Business Centre.