Each student in the program will have the opportunity to participate in the international business mentorship program Erasmus for Young Entrepreneurs in a foreign country of their choice and receive financial support for this trip. We are partnering with Change Makers On, one of the providers of this program, and have signed a contract to give all of our students this opportunity.
Students will be able to choose the country and company/host organization or mentor they are going to work with (they will have to meet certain requirements so that we can be sure the student is not going to do only irrelevant minor tasks) and will receive between 600 and 800 euros for flight tickets + 1000 euros for living expenses/month (maximum possible mentorship duration - 3 months).
How does this work? Each semester you can choose a university that is an ISM partner and participates in the selection. After successfully completing the selection, proceed to the exchange program next semester.
How much does it cost? No extra fees apply. You will pay the usual tuition fee.
How long does it take? The exchange semester lasts about 5 months
What do I have to do to participate in the exchange program? You have to pass the exams - you are permitted to fail only one exam.
ISM University charges a tuition fee. The fee is paid every semester. The same price applies both to EU and non EU students.
2790 EUR -- Economics and Politics
2790 EUR -- Economics and Data Analytics
2790 EUR -- Finance
2790 EUR -- International Business and Communication
2790 EUR -- Business Management and Marketing
3255 EUR -- Entrepreneurship and Innovation
The application fee is 100 EUR. Till 2023 04 30 there is no application fee for EU, EEA, CIS and EaP countries applicants.
It must be paid by transfer to the bank account of the ISM University of Management and Economics, and the receipt certifying the payment must be submitted to the enrolment system. Application fee is non-refundable.
Scholarships are available for all bachelor's programmes
Best International applicants who will be applying for 2023 September intake can get a scholarship that covers up to 100%* of the tuition fee. Once granted, scholarships will continue to apply in the next semester provided that the student’s average mark is not lower than the average mark of the course and the student has no failures or penalties. Only the best applicants will be granted with scholarships by admission committee decision.
Opportunity to get a SCHOLARSHIP up to 100% (only for early applicants)
Students who apply during the early admission period (November 1 – April 30) can expect to get a scholarship up to 100%. To get a scholarship, students are required to take ISM’s Test, which consists of three parts: English language, Mathematics and Logical Thinking.
Scholarships will be issued by the end of May to those students who:
ISM achievement scholarship
Even more motivation to study well at ISM university! Undergraduate students with the highest grades are awarded an Achievement Scholarship, which covers as much as 25 percent of the annual tuition fees.
The university offers as many as 10 Achievement Scholarships for each course. Scholarships are awarded for academic achievement to those with the highest weighted average in the same course. At the end of the academic year, a competitive queue will be formed based on annual students’ results, according to which the Achievement Scholarships are awarded.
If you have any questions, please contact the International Admissions team by e-mail bs@ism.lt
ISM runs a three-step selection process: fulfillment of eligibility criteria, online interviews, and an online Admissions Tests (for candidates who seek a scholarship).
To be eligible to apply to ISM, a candidate must meet the following requirements:
* Individuals, whose previous educational mode of instruction was in English may be exempted from the English language test (applicable to entrants from EU, EEA, CIS and EaP countries). Applicants from the above countries may take the state English language exam instead of the International Foreign Language Exam or the ISM English language test. After the motivational interview, the ISM admission commission reserves the right to request the applicant to take the ISM English language test.
All applicants who fulfill the formal entry requirements are welcome to submit an online application form.
Detailed admission instructions can be found HERE
Gedimino ave. 7, Vilnius, LT-01103, Lithuania
Phone: +370 687 08080
Email: ism@ism.lt
