Financial Economics
Become a sought-after financial expert. Learn to apply the methods of mathematical statistics and econometric models to the analysis of corporate finance, financial markets and institutions. The program is recognized by international FIBAA accreditation.
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If you put effort into studying at ISM University, you will benefit significantly, as ISM reflects modern employers’ needs and offers strong study programmes.
Monika Laukaitė
Wix.com Country Manager
Master’s programme
A brief overview of the study program
Discover how the Financial Economics program contributed to Hov’s appointment as Head of the Training Team for Financial Crime Prevention at Danske Bank.
English
1 year + 6 months Master thesis
On average, three times a week on weekdays from 18:00 to 21:15
Master of Social Sciences
120 ECTS
Briefly
Programme benefits
An Exceptional Team of Scholars and Industry Experts
An exceptional team of academics-practitioners who will pass on best practice from Oxford and Harvard Universities
A Program with a Well-Balanced Curriculum
An extremely well-balanced program for learning about finance from a micro- and macro-economic perspective
Knowledge that you can put into practice
Studies will help you make financial decisions at the operational level. You will use the international Bloomberg terminal for financial analysis.
FIBAA accreditation
The only Master’s program in Lithuania recognized by international FIBAA accreditation
Pijus Krūminas
Financial Economics Programme director
My job is to bring together different kinds of lecturers- practicioners, academics from all around the world. I want to open the door of world-wide experiences to Master students, introduce them to global practice and broaden their horizons.
#SignatureCourses
Dr. Nerijus Mačiulis
Advanced Macroeconomics
This is applied course in macroeconomics, which focuses on contemporary issues and developments in global economy. The main aim of this course is to learn how to identify and analyse myriad factors affecting economic activity in both short and long term. Another important dimension of this course is the analysis of the reflexive relationship between macroeconomic developments, economic policy (both fiscal and monetary) and financial markets (asset prices).
Aleksandr Christenko
Research Methods (GRAL010)
The Research Methodology course offers an advanced curriculum aimed at equipping students with a diverse range of research methods. These encompass classical approaches like statistical testing, regression analysis, and forecasting, as well as more advanced methodologies such as ARCH, GARCH, counterfactual analysis, and survival analysis. Furthermore, students are introduced to the dynamic realms of data mining and machine learning, gaining proficiency in supervised and unsupervised learning techniques, including classification, clustering, dimension reduction, and text mining. As a result, graduates of this course are well-prepared to engage in research endeavours, both in academic and business settings, employing a rich toolbox of classical and cutting-edge research methods.
Dr. Saite Lu
Economics of Sustainability
The Economics of sustainability is exceptional due to its interdisciplinary nature and real-world relevance. It equips students with a holistic understanding of sustainable development by integrating economics, environmental science, and social sciences. This module emphasizes long-term value creation, major theoretical models, empirical challenges, and potential solutions. It also opens up opportunities for a career in sustainable finance. By bridging the gap between finance and sustainability, students learn to incorporate sustainability issues and concerns into their daily work, making it a unique and valuable component of their education.
Your studies
Program structure
Semesters
What will I learn?
You will combine advanced methodological fundamentals with mathematical finance and financial econometrics with a deep understanding of developments in the field
You will focus on corporate finance, asset pricing, and sustainability
What will I learn?
You will acquire the skills for carrying out independent research in financial economics and ethics of practice
You will acquire theoretical and practical skills in econometrics, valuation application, alternative investments and derivatives
What will I learn?
You will explore modeling and applying various approaches such as game theory and system dynamics in the context of monetary policy
You will understand financial intermediation and risk management techniques
You will develop your research idea and learn how research should be structured
What will I learn?
With the help of experts and a master's thesis supervisor, you will integrate the knowledge and skills you have already acquired by conducting a scientific study and contributing its results to the knowledge base within your field of research
Courses
Skills you’ll learn
In what areas will I gain expertise after completing this program?
You will gain strong analytical skills in corporate finance, financial markets, and financial engineering
You will acquire economic and financial modeling skills
You will be able to financially and economically justify the policy decisions and the chosen business models proposed to organizations or governments
You will gain experience in risk and portfolio management
During my undergraduate studies, I used the help of the career center to find my first internships, thanks to which I started my career in finance and macroeconomics, while my master’s studies expanded the knowledge needed to analyze macroeconomics and set me on the path to further research. The overall flexibility and adaptability of ISM studies to a working person’s schedule made life a lot easier.
Vytenis Šimkus
Swedbank Senior Economist
Price, financing, and admissions
Studies at ISM – accessible to everyone
Price
Financing opportunities
Opportunities to study abroad
Study tour
Study tour to the world’s largest financial center – London!
You will visit such financial institutions and organizations as Moody’s, London Stock Exchange, The Bank of England, CFA Institute*During the study tour:
- You will visit such financial institutions and organizations as Moody’s, London Stock Exchange, The Bank of England, CFA Institute*
- You will participate in the Bloomberg Essentials training program, in which year you will have the opportunity to obtain the Bloomberg Markets Concepts certificate and maintain the Bloomberg Market Concepts certificate.
- You will have the opportunity to understand how the financial ecosystem works and get to know experts in the financial field.
- The CFA Institute will introduce the most promising investment and analytical tools and tools of the future.
- When it will take place? In the second year of studies, during the spring semester.
Duration? 4 days.
Who can participate? All students of the Financial Economics program
Cost – 1494 Eur (includes flight costs, transport costs, accommodation, meals, Bloomberg certification training, tour of financial institutions, CFA simulation).
Important! Prices are preliminary. The trip will take place when a group of 12 students is formed. Visits will be arranged if the pandemic situation allows.
Double degree program
Double degree with BI Norwegian Business School
Study in Norway, in one of the world’s 1 percent of Triple Crown-accredited universities (AMBA, EQUIS, AACSB).How does this work? The first year of study is spent at ISM University. In Vilnius, the second year of studies – at the partner university.
How much does it cost? The double degree program with a partner in Norway costs extra, for the first year ISM is paid, and for the second year with a 10% discount BI Norwegian Business School.
How long does it take? Total study period – 2 years
Is there an accommodation service? Students search for a place of residence independently or with the help of a university partner.
How will I benefit from the program? During your studies, you will gain intercultural and international experience of studying, working and living abroad. You will acquire two globally recognized and prestigious master’s degrees within a two-year period.
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