Rostov State University of Economics (RSUE) was founded in 1931. It has about 18000 students. Since its foundation the university has become the essential centre of education and science, namely economics and management in the Russian Federation. At present the university provides training in Social Sciences & Management, Computer Technologies, Life Sciences and Arts & Humanities. Business leaders, statesmen, scientists are among RSUE’s graduates. RSUE has integrated in the European Higher Education Area, it offers since programs of 3 major degrees of education (Bachelor - 4 years, Master – 2 years, PhD – 3 years). According to the Russian educational system two degrees are conferred as the postgraduate ones, namely a Master's degree (Magistr degree) and Doctor's degrees of two levels - Candidate of Sciences (Kandidat Nauk) and Doctor of Sciences (Doktor Nauk). A Graduate Diploma (Specialist Diploma in Russian) had been issued as a diploma confirming a graduate degree, but it was cancelled in 2014.
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