On the way to international recognition: IIEF

The aim of the article is to demonstrate how the use of opportunities for internationalization aimed at high academic performance in economics and finance can support the creation and development of the institution academic performance and standards of which can be compared with the leading international universities, using the example of IIEf. IIEF was created in 1997 with the help of lSe at the premises of HSE. Nowadays its lecturers are invited form the international market to lead academic research the results of which are presented in the leading international journals, implement English language educational programs (double diploma bachelor course and master course with the participation of LSE) of the international quality. The quality level is supported by relevant documents on second education certificate issued by a leading foreign university and is acknowledged by the global labor market and further education market. The article analyses problems facing the implementation of academic oriented internationalization strategy and managerial solution to solve these problems. IIEF activities demonstrate a new form of internationalization within institutional cooperation with leading universities internationalization at home, results of which are available for all participants of the academic process unlike the traditional internationalization abroad, the synonym of academic mobility, which benefits only those directly involved in the mobility process. The novelty of this experience is in the fact that activities on campus development are not limited by curriculum development in the form of introducing new disciplines on international topics and activities facilitating graduates' promotion in life and profession on a global market. These activities are aimed at providing institutional international environment for learning, teaching and conducting research in economics and finance as beforehand this sphere was somewhat isolated from international professional community and therefore requires higher level of integration into international dimension. Secondly internationalization at home strategy introduced by IIEF is aimed at providing international high level of quality and not just at meeting the requirements of international practices and integration into international education environment. Using IIEF experience, the article formulates academic perfection criteria in relevant subject fields that can be used in developing university internationalization strategies with the aim of achieving high international reputation and international acknowledgement.