Author: Lyudmila F. Shaibakova, Dr. Sc. (Ec.), Prof. of Public Administration & Economics Dept.; Yelena L. Molokova, Associate-Prof. of Public Administration & Economics Dept.

Abstract: The article examines theoretical approaches to the concept “institutional risk” and on this basis gives the definition and specifies the attributes of the institutional risk of the system of higher vocational education in conditions of transformations occurring in the educational space.

Key words: definition and attributes of institutional risk; transformation processes of the system of higher vocational education.