Financial Economics

Become a sought-after financial expert. Learn to apply mathematical statistics methods and econometric models to the analysis of corporate finance, financial markets and institutions. This program is the best-rated master's program in economics in Lithuania based on the data of the Study Quality Assessment Center (fields of study in marketing, economics, business and management).
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About the program

1.5 years + 6 months Master thesis
On average, three times a week on weekdays from 18:00 to 21:15
Master of Social Sciences
120 ECTS

Program benefits

An exceptional team of academics-practitioners who will pass on best practice from Oxford and Harvard Universities
An extremely well-balanced program for learning about finance from a micro- and macro-economic perspective
Studies will help you make financial decisions at the operational level
The only Master's program in Lithuania recognized by international FIBAA accreditation
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.
Pijus Krūminas
Financial Economics Programme director

Program structure

1 semester
2 semester
3 semester
4 semester

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

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

Additional admission is already in full swing!


Price, financing, and admissions

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Opportunities to study abroad

Unique opportunity

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.

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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 partners in France does not cost extra, the usual tuition fee at ISM is paid. 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 (maybe it is better to write the total price as well, that with the discount the entire double degree program costs 15,094 EUR (only in this case, we will have to update the information annually)


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.


Find out more about the Double Degree program


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Study tour
Double degree program

About the program

Ką išmoksiu studijų metu?

1 year

  • Tobulinami viešųjų ryšių pagrindai
  • Susipažįstama su organizaciniais ir informacijos pateikimo publikai pagrindais
  • Įgyjamos būtinos teorinės žinios

2 year

  • Mokomasi kurti įvairaus pobūdžio vaizdo medžiagą
  • Gilinamos viešųju ryšių žinios
  • Susipažįstama su žiniasklaidos įtaka skaitmeniniam pasauliui

3 year

  • Mokomasi apie organizacijos plėtrą skatinančią prekės ženklo ir vartotojo ryšį
  • Susipažįstama su žmonių tarpusavio santykiais, padedančiais bendruomenėms augti
  • Sužinoma apie darbo santykius komunikacijos srityje, suteikiama galimybė apsilankyti vietinių verslų, valdžios ir žiniasklaidos institucijose

4 year

  • Mokomasi laikytis nustatytų reikalavimų
  • Išmokstama atpažinti propagandą ir manipuliaciją žiniasklaidoje
  • Atliekamas savarankiškas praktinės komunikacijos tyrimas, remiantis komunikacijos teorija

Ką išmoksiu studijų metu


Studentų atsiliepimai
Darbdavių atsiliepimai

Other Masters programs

Useful links


Considering studying at ISM?

Register for a free consultation and meet Santa or Ilona. They‘ll answer all of your questions about the admissions process, scholarships and living in Lithuania.

Santa Krievane

International Projects Manager
+371 264 75 831

Ilona Misiuk

International Projects Manager
+370 697 57 586
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