The object of the study is the Russian system of higher education. The subjects of the study are the instruments of regulating educational activities and their focus on the formation of highly qualified specialists who are able to show entrepreneurial initiative and have the appropriate competencies to solve problems arising in the business environment. The purpose of the work is to identify the possibilities of education as a social institution for improving the efficiency of entrepreneurial activity and obtaining high final results. The initial theses for writing the article were the assumption of an exceptionally high role of higher education in the organization of small, medium and large businesses; the need to build new tactics of doing business in changing external and internal business conditions. As a theoretical and methodological basis for the analysis, the concept of increasing aggregate supply as a necessary condition for the development of interstate economic ties, meeting the aggregate demand for products and services of the business sector from domestic and foreign consumers was adopted. The reasons for the discrepancy between the places of employment of university graduates who have completed their studies to the specialties, directions and training profiles chosen by them when entering higher educational institutions are established. The use of general scientific and applied methods in the research process allowed us to conclude that it is necessary to update the conceptual foundations of educational policy and create a new Russian higher education system instead of the Bologna system, to choose as a priority direction with its greater focus on training the most in-demand personnel to work in regions and sectors of the national economy.
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