The activities and achievements of the Department of Management are briefl y reviewed, its core role in the educational profi le of the Astrakhan state university is emphasized. Substantial advantages of Master’s degree program, off ered at the Department of management, are listed with regard to unique areas of professional training and education, provided to undergraduates. This paper would be of special interest to students desiring to master strongly needed competences and for specialists seeking to continue higher professional education to get the Master’s Degree.