The problem of developing the country's human resources potential is highly relevant in modern conditions. The development of an innovative economy and its digitalization necessitates accelerating the response of the higher education system to the demands of the dynamically changing labor market. In the Russian reality, the implementation of the Bologna system was not quite effective, which caused problems within the educational system to worsen, since the performers of the goals and objectives outlined in the reform projects did not have enough time and resources to adapt the Western experience to Russian conditions. The study found that the country is reducing the total number of students in undergraduate programs, and, to a greater extent, it affected those who study on a contractual basis. At the same time, there were imbalances in the labor market due to the delayed response of the higher education system to the demands of this market and the lack of an effective system for stimulating public interest in professions that are necessary for the economy in the medium term. The dynamics of the study show a high rate of reduction in the number of students in the fields of Economics, management and law, which are still the most popular among other specialties. At the same time, there is an overabundance of University graduates with diplomas of these specialties in the labor market, and the quality of training for the vast majority of them is at a low level.
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