Financial Economics

Financial Economics is a postgraduate (master's) course in finance & accounting at ISM University of Management and Economics in Vilnius, Lithuania. It takes 1.5 years plus a thesis (120 ECTS, evening classes), with intakes in September.

ISM University of Management and Economics is a private institution, ranked 47th in the world in the Financial Times Masters in Management ranking (Global Leadership and Strategy) 2026. Read the full course description, modules and entry rules on the official course page.

Tuition for international students is €7,350 a year, about ₹7.8 lakh. Over 1.5 years that is roughly €11,025 (≈ ₹11.7 lakh) before any yearly increase.

2026–27 non-EU fee: €3,675 per semester (€14,700 for the programme)

Living costs near the university

Living costs for Lithuania as a whole: €6,000–10,000 a year. Approximate exchange rates (based on ECB reference rates, March 2026). Actual rates on your payment date will differ.

General entry requirements at ISM University of Management and Economics for master's courses. Some courses ask for more, so check the course page.

• A bachelor's degree; ISM assesses your grades, motivation and an interview.
• Classes are on weekday evenings, so most master's students work or do internships during the day.
• Apply online at apply.ism.lt; the admission fee is not charged during early admission.
• Non-EU students must arrive by 15 September if their residence permit was issued by 1 September.

For this course: B2 English (IELTS, TOEFL, PTE, Duolingo or ISM's own test; check the master's admission rules).

Need a score? IELTS and PTE coaching is available with us.

This course starts in: September.

1. 1Check the entry requirements and the deadline on the official course page.
2. 2Take IELTS, PTE or the test the university accepts, if you need one.
3. 3Prepare your documents: transcripts, statement of purpose, recommendation letters and CV.
4. 4Apply on the university's application portal and pay any application fee.
5. 5Accept your offer, meet any conditions and pay the deposit.
6. 6Apply for your student visa for Lithuania, then arrange accommodation.

• Passport
• Class 12 certificate and mark sheets, apostilled (bachelor's)
• Bachelor's degree certificate and transcripts, apostilled (master's)
• English test result taken within the last 2 years, or a request for exemption if all your education was in English
• Motivation letter or video
• CV (master's)
• Proof of funds and health insurance for the residence permit

• ISM scholarship competition (bachelor's)

  Bachelor's, early admission

  Value: Up to 50% off tuition (for example Finance: €3,570 a year instead of €7,140)

  Applicants in early admission (1 November to 30 April) who take the scholarship test; awards depend on your competitive score and test result.

  Official page

• ISM graduate discount

  Master's

  Value: About 30% off (for example €2,573 instead of €3,675 a semester)

  ISM bachelor's graduates who continue to an ISM master's.

  Official page

• Corporate sponsor discount

  Master's

  Value: About 15% off tuition

  Employees of ISM's corporate sponsor companies.

  Official page

• Lithuanian State Scholarship for master's studies

  Full-time master's

  Value: Covers most of the tuition and pays a monthly stipend

  Citizens of listed countries only (for example Armenia, China, Japan, South Korea, Ukraine); India is not on the list.

  Official page

ISM University of Management and Economics is a small private business school in the centre of Vilnius. It was founded in 1999 and now offers bachelor's, master's, executive and doctoral programmes, all focused on business, economics, finance and management. Its building is on Gedimino Avenue, Vilnius's main street, a few minutes' walk from the Old Town.

ISM is the most internationally accredited business school in Lithuania. It holds AACSB accreditation, and in 2026 its Global Leadership and Strategy master's became the first programme from the Baltic states to enter the Financial Times Masters in Management Top 100, at 47th, and ranked 7th worldwide for value for money. It also has five Eduniversal Palmes of Excellence. Teaching is in small groups, with many case studies, company projects and guest lecturers from business.

Finance & Accounting courses at other universities in Lithuania

• Accounting and Auditing (ACCA-accredited)Kaunas University of Technology2 years (blended, evening and weekend) · €4,690 / year
• Financial ManagementMykolas Romeris University1.5 years (full time) · €4,690 / year
• Financial Engineering (FinTech)Vilnius Gediminas Technical University (VILNIUS TECH)1.5–2 years (full time) · €5,450 / year
• Finance and BankingVilnius University1.5–2 years (see programme plan) · €5,460 / year
• Financial and Actuarial MathematicsVilnius University2 years (full time) · €6,000 / year
• Accounting and Finance (master's)Vytautas Magnus University2 years (full time) · €5,000 / year

More courses at ISM University of Management and Economics

• Global Leadership and Strategy90 ECTS, about 1.5 years (evening classes) · €9,800 / year
• International Marketing and Management1.5 years plus a 6-month thesis (120 ECTS, evening classes) · €7,350 / year
• Innovation and Technology Management90 ECTS, about 1.5 years (evening classes) · €9,800 / year
• Business Sustainability Management90 ECTS, about 1.5 years (evening classes) · €9,800 / year
• Business Management and Marketing3 years plus a 6-month thesis (210 ECTS) · €7,140 / year
• Finance3 years plus a 6-month thesis (210 ECTS) · €7,140 / year

We researched this page on 23 Oct 2026 from the university's own pages. Fees, entry rules and intakes change every year; confirm them on the official course page before you apply. Listing a course doesn't mean Admission Mantra represents the university.

1. ISM University of Management and Economics: Financial Economics (opens in a new tab)
2. ISM: website and programme list (opens in a new tab)
3. ISM: study price list 2026–27 (PDF) (opens in a new tab)
4. ISM: bachelor's admission regulations (PDF) (opens in a new tab)
5. ISM: Finance bachelor's (opens in a new tab)