The department trains highly qualified personnel in all areas of undergraduate studies which exists in the institute (Service (according to areas of activity), organization and management of the hotel industry, Finance, Economics, Management) and 3 joint direction of education with Tambov State University named after G.R. Derzhavin
At the same time, there are 11.75 staff units, 16 professors and 1 factory office. Iz nix 4 doctor of economics, professor; 2 candidates of economic studies, docenty; 1 candidate, associate professor; 4 candidates, and 2 senior teachers and 13 teachers (assistants).
During the existence of the department, the faculty of the department prepared and published more than 10 textbooks (according to the standard of the Ministry), about 100 manuals (according to the model of the Ministry), more than 100 manuals and guidelines. Also during this period, the staff of the department published about 1000 articles in foreign and domestic scientific journals. Among them, more than 10 are in Scopus journals.
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