ISSN 2409-7616

Koshkin A.P., Ivanova A.Yu., Kargapolova E.V., Davydova J.A.



UDC 330

Koshkin A.P. (Moscow, Russian Federation) – E-mail:, Ivanova A.Yu. (Moscow, Russian Federation) – E-mail:, Kargapolova E.V. (Moscow, Russian Federation) – E-mail:, Davydova J.A. (Moscow, Russian Federation) – E-mail:

1Plekhanov Russian University of Economics

Abstract. In this article, education is considered as the main way of developing human capital. The efficiency of investments in master’s degree is considered. The purpose of the study is to study the ideas of students about the role of the master’s degree in the formation of human capital. The results of the study showed that three-quarters of respondents consider the acquisition of the master’s status necessary. However, among them, only half of those who are fully confident in the implementation of their life plans. That is, not all of them will be trained in the master’s program. The positive significance of master’s education is higher among students from small towns and large urban agglomerations. The financial situation of the family has a direct impact on the choice of a master’s degree. Most of those who want to study for a master’s degree are registered in “well-off” and “well-to-do” families. Obtaining a master’s degree in the views of students significantly increases the chances of employment, adaptation, the quality of professional competencies, the level of material prosperity. Thus, in the views of most students, the master’s degree status is a significant factor in the formation of human capital. But not everyone has a chance to realize their intentions of studying for a master’s degree.

Keywords: master’s degree, education, human capital, investment in human capital.


  1. Alexandrova N.A. Professional self-determination of adolescents and youth from the position of  the parent family. Bulletin of the Saint Petersburg University. Sociology, 2011, no. 4, pp. 90-96. (In Russian) URL:
  2. Antonenko V.V., Antonov G. V. Investments of Russian households in the human capital of children: an intergenerational analysis. Economic analysis: theory and practice, 2019,  vol. 18, no. 11(494), pp. 2059-2077. (In Russian) URL:
  3. Antonenko V.V., Antonov G. V. Family investments in the education of Russian youth as an element of human capital. Economic analysis: theory and practice, 2015, no. 7(406), pp. 34-43. (In Russian) URL:
  4. Budzinskaya O.V., Demidova A.V. Human capital and investments in education. Regional problems of economic transformation, 2016, no. 9 (71), pp. 135-143. (In Russian) URL:
  5. Viktorova E.V. Higher education and human capital in the innovative economy. Innovations, 2011, no. 6 (152), pp. 100-107. (In Russian) URL:
  6. Gatina I.S. Education as an investment in human capital. Dimitrovgrad, National Research University MEPHI, 2019, pp. 114-117. (In Russian) URL:
  7. Golub L.N. Adaptation as a social process. Bulletin of the Bryansk State Agricultural Academy, 2018, no. 1 (65), pp. 64-68. (In Russian) URL:
  8. Danilyuk A.Ya. Human capital and education. Bulletin of the Southern Federal University. pedagogical sciences, 2012, no. 3, pp. 15-24. (In Russian) URL:
  9. Dzasokhova E.K. Investing in education from the perspective of the theory of human capital. Bulletin of the Development of Science and Education, 2009, no. 1, pp. 44-45. (In Russian)
  10. Evseev V.O. Artificial intelligence and electoral choice of ideological directions of socio-economic development. CITISE, 2019, no. 5 (22), pp. 494-506. (In Russian) URL:
  11. Ivanova A.Yu. Statistical study of social stratification. Petrozavodsk. International Center for Scientific Partnership “New Science” Publ., 2020, pp. 69-75. (In Russian) URL:
  12. Ivashchenko T.N. The role of the Master’s degree programme in the system of Russian education. Bulletin of State and Municipal Management, 2015, no. 4, pp. 75-79. URL:
  13. Karimova A.D. Features of the results of the educational process in the  Master’s degree programme. Psychopedagogy in law enforcement agencies, 2011, no. 3 (46),  pp. 67-71 (In Russian) URL:
  14. Korzhakova S.A. Interaction of the processes of social stratification with the motivation of activity in modern Russian society. Maykop, 2001, 147 p. (In Russian) URL:
  15. Lebedeva L.I. Historical preconditions for the creation of the national Master’s degree program. Historical-Pedagogical and Comparative Studies, 2006, no.  1(14), pp. 91-95. (In Russian) URL:
  16. Loskutova I.M. Education as a type of investment in human capital in the risk society. Teacher of the XXI century, 2012, no. 3-2, pp. 384-391. (In Russian) URL:
  17. 17. Malkova I.Yu., Tsiguleva O. V. Higher education and human capital in Russia and abroad: comparative context. Siberian Pedagogical Journal, 2015, no. 5, pp. 126-132. URL:
  18. 18. Rubantsova T.A. Humanization of modern education. Novosibirsk. Institute of Philosophy and Law SB RAS Publ., 2000, 249 p. (In Russian)
  19. 19. Fedorova L.D. Professional self-determination of schoolchildren. Municipal education: innovations and experiment, 2014, no. 3, pp. 19-23. (In Russian) URL:
  20. 20. Kholina L.I., Akolupina R.R. Human capital and education as its main component. ETAP: economic theory, analysis, practice, 2009, no. 1, pp.  122-133. (In Russian) URL:

For citation:

Koshkin A.P., Ivanova A.Yu., Kargapolova E.V., Davydova J.A. Master’s degree program in the formation of human capital. CITISE, 2021, no. 1, pp.183-194. DOI: