Erasmus study programme

Want to try how it feels to be international? Point your finger anywhere on the map of Europe – we have a university there for you!

ISM University of Management and Economics has more than 100 partner universities over the Europe. While participating in Erasmus+ exchange programme international spirit, European dimension and new academic experience is guaranteed.

Erasmus+ exchange program is the opportunity to study part of a study period (one or two semesters) at a selected university in the European Union with which ISM University has a partnership agreement.

You can read more about Erasmus+ programme here.

Erasmus+ programme supporting documents:

Benefits of programme

• Exceptional intercultural experience

• Passed exams are credited and included in the diploma

• Friends around the world

• Great opportunity to get acquainted with new ways of learning

• Possibility to stay in other European country for half a year

Who can participate and what is the selection criteria

Undergraduate students can go for an exchange from the 3rd semester (except for Finance students, who can go from the 4th semester). Students can apply if they have no more than one failed course. Postgraduate students can go for an exchange from the 2nd semester, in case they do not have more than one failed course. Students wishing to attend the universities with triple accreditations (EQUIS, AMBA, and AACSB accreditations) must have an average grade of 7 or above.

Students are required to pay regular academic fees to ISM University during their studies abroad. However, they are not required to pay any additional fees related to the costs of organizing or administering Erasmus studies.

The selection is carried out twice a year:

For the autumn semester studies – in the second week of February.

For spring semester studies – in the second week of September.

The competitive score consists of:

  • Overall grade point average
  • Extra points for mentoring


During Erasmus + exchanges, students also have the opportunity to apply for a scholarship (540-600 € per semester, depending on the country of destination).

Supplementary scholarship for students with disabilities and / or special needs If a student with a disability or special needs goes abroad for an Erasmus study or traineeship, an additional scholarship may be awarded. 

The scholarship does not cover all the costs of study or internship abroad.


The number and amount of scholarships are calculated every academic year taking into account the amount of funds allocated by the European Commission and state budget of the Republic of Lithuania for that year, but usually all our students receive the scholarships.
The amount of the scholarships are based on the country you are going to. It is up to 600 EUR/month based on the country. The university pays the scholarships in two parts: 80% before your departure and 20% after you return and complete all the paperwork.

Yes, you can cancel your exchange any time, but you have to notify the International Studies office as soon as possible.

Firstly, you both have to participate in the competition. Secondly, it depends to which university you prefer to go. There are such universities where we have only one or two places available for our students. So all depends on the competition results. If you want to go together, we would recommend choosing less popular destination, then the probability to go together to the chosen university gets bigger.

The list of ISM University of Management and Economics partners is compiled on the basis of compatibility of study content and on the basis of student exchange balance. Therefore, it is possible to go only to those universities with which the subjects are coordinated and an inter-institutional Erasmus + exchange agreement has been signed.

Certainly not, the exchange semester is a continuing education, assessments received during the exchange semester will be credited and included in the Diploma Supplement.

ISM University selects only the best universities in the world by concluding partnership agreements with a foreign university. During the exchange you go not only to deepen your academic knowledge, but also to get to know yourself, other cultures, to live in another country and to gain international experience.