The Saint Petersburg State University of Economics is a new university established in 2012 by merging Saint Petersburg State University of Economics and Finance, Saint Petersburg State University of Engineering and Economics, and Saint Petersburg State University of Service and Economics. Saint Petersburg State University of Economics and Finance was established in 1930 as the “Leningrad Institute of Finance and Economics”. Its campus occupied the buildings of the former Assignation Bank, designed by the Italian architect Giacomo Quarenghi. The Saint Petersburg State University of Engineering and Economics was established in 1906. At the postgraduate level, it was a business school, while, at the undergraduate level, it also teached economics. Saint Petersburg State University of Service and Economics was established in 1969. The university prepared figures such as: economists, managers of production and specialists in the financial area.