The subject of this article is the effective waste management at the Ural Federal University (UrFU). The topic of waste management has become increasingly relevant in recent years. At the moment, the Russian Federation is undergoing reforms in the field of municipal waste management, which also affects educational institutions. Wherein graduate school should reflect the advanced knowledge, experience and trends that exist in society. Purpose of the study was improving this system, taking into account the regulatory and legal requirements of the State involving modern challenges and best practices. Since in the new Russian conditions there is no uniform practice of forming this system, the article analyzes the treatment of MSW across the globe. This scheme of circulation in Russian universities can be exemplified by related work. The successful introduction of separate waste collection at the university, with the support of its administration, is largely due to economic interest. The rationale for implementing a separate waste collection system was based on economic efficiency. This efficiency was determined on the income ratio between costs for removal part of the generated municipal waste and the subsequent sale through utilisation companies combined with the cost of organizing Sustainable Waste Collection in UrFU. Calculations have shown that separate waste collection organized on the territory of a large institution (UrFU) can be economically efficient in collecting the most massive, demanded fractions. The proposed system of waste collection management can be used as a model for implementation in UrFU and other universities of the Russian Federation, as well as considered one of the major components of the environmental and economic activities of Russian universities. This system has of course taken into account international ratings of the «green» economy and sustainable development.