Abstract. The paper deals with the development problems of economic and managerial competencies of bachelors after graduating from engineering higher schools to meet employers' requirements, through implementing the Federal State Education Standards (FSES) of the third generation. The case study is conducted on the basis of training programs for the bachelor's degree in Mechanical Engineering at Yurga Institute of Technology (Affiliate) of National Research Tomsk Polytechnic University. The list of economic and managerial competencies for bachelors in mechanical engineering is specified according to the third generation FSES, enlarged with new competences based on surveys and analyses after questioning employers. The criteria and indicators are described to identify maturity levels in terms of economic and managerial competencies for bachelors. A structural and functional model for training mechanical engineering bachelors has been tested in the implementation of the bachelor's degree courses in "Mechanical engineering" at

Problem Statement: Modernization of Russian education, training of engineering specialists that meet the world's educational standards. Research Questions: What needs to be changed in Russia's education system so that the engineering specialists meet the requirements of the world's standards? Purpose of the Study: Research Methods: Comparison of competencies of different Russian engineering universities' graduates and the standards of international accreditation agencies and organizations (CDIO, ABET, FENAI, EMF, APEC, Washington Accord) Findings: The comparison of various educational standards and expected learning outcomes has revealed that Russian universities do not pay sufficient attention to development of the invention competency. Conclusions: To facilitate the invention competency development, Russian universities need to use the practicebased approach to learning together with active employer involvement and active solving of actual production tasks as early as the learning stage.

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