Independent researcher of Tashkent State University of Economics,
Abstract: The article analyzes modern theories of international and local rating of higher education institutions and their specific aspects. The priority aspects of the development of the higher education system in our country are defined in the decree of the President of the Republic of Uzbekistan dated October 8, 2019 “On approval of the concept of the development of the higher education system of the Republic of Uzbekistan until 2030” No. PF-5847. It also has significant importance for the country’s economy, and reflects not only an important link in the implementation of personnel policy, but also an increase in the flow of foreign currency by attracting foreign students to the country. According to this document, the inclusion of a number of higher education institutions of our country in the list of the first 1000 higher education institutions of the internationally recognized (Quacquarelli Symonds World University Rankings, Times Nearer Education or Academic Ranking of World Universities) is determined separately. In our opinion, until the adoption of the above-mentioned document, higher education institutions were not included in the internationally recognized rating lists due to a number of reasons. Scientific conclusions aimed at evaluating the impact of financial management on rating and competitiveness in the higher education system have been formed. Based on the research, scientific proposals and recommendations aimed at increasing the competitiveness of higher education institutions were developed.
Key words: higher education institution, international rating, local rating, financial independence, tuition fees, higher education market