Innovation and Technology Management

ISM University charges a tuition fee. The fee is paid every semester. The same price applies both to EU and non EU students.

International Marketing and Management

• Duration: 2 years
• Semester fee: 2750 EUR
• Semester fee for ISM alumni: 1925 EUR
• Semester fee for employees of ISM sponsor companies: 2337,5 EUR

Financial Economics

• Duration: 2 years
• Semester fee: 2750 EUR
• Semester fee for ISM alumni: 1925 EUR
• Semester fee for employees of ISM sponsor companies: 2337,5 EUR

Innovation and Technology Management

• Duration: 1.5 years
• Semester fee: 3667 EUR
• Semester fee for ISM alumni: 2566,9 EUR
• Semester fee for employees of ISM sponsor companies: 3116,95 EUR

Global Leadership and Strategy

• Duration: 1.5 years
• Semester fee: 3667 EUR
• Semester fee for ISM alumni: 2566,9 EUR
• Semester fee for employees of ISM sponsor companies: 3116,95 EUR

Business Sustainability Management

• Duration: 1.5 years
• Semester fee: 3667 EUR
• Semester fee for ISM alumni: 2566,9 EUR
• Semester fee for employees of ISM sponsor companies: 3116,95 EUR

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.

Please find all details how to make payment HERE.

Scholarships are given to candidates with highest competitive scores and are granted by university’s admissions committee. Scholarships are conditional upon the student maintaining a good academic performance throughout the study programme.

Academic Scholarship

ISM University grants partial scholarships (up to 50% of study costs) to students who have a record of stellar academic performance in their bachelor studies. Only students who apply during the Early admission period (until May 1^st) can be eligible for this scholarship. Students who apply after May 1^st will only be considered for a reduced scholarship.

Need-based financial aid

Students who demonstrate a need for a financial aid can be considered for a partial (up to 50 %) need-based scholarship. To be considered for this scholarship, applicants might need to provide certain income records as well as other supplementary documents.

State Scholarship

A monthly scholarship is offered for certain non-EU nationals by the Education Exchanges Support Foundation in Lithuania. To find out more whether your country of origin is eligible for this scholarship please visit HERE .

Alumni discount 

Alumni of ISM University receive a 30% discount for their selected Master studies program.

University partner scholarship

Employees of corporate partners receive a 15% discount on the study cost. The discount is granted at the time of accession for the entire study period. ISM University reserves the right to revoke the scholarship if the collaboration with a certain institution is not extended. 

*Discounts, waivers and scholarships are not cumulative. If two are awarded to the same student, only the one with the highest amount will be kept unless otherwise stated.

How to apply?

To begin: Check eligibility

Please check whether you fulfill eligibility requirements:

• Undergraduate degree diploma and diploma supplement (if you have completed a vocational bachelor’s diploma, the admissions committee will determine what kind of preparatory courses you will need to be eligible for the Master’s degree at ISM University)
• Master’s programs have the following prerequisite requirements:
  • Global Leadership and Strategy:  Bachelor’s (or equivalent) degree in any field.
  • Innovation and Technology Management: Bachelor’s (or equivalent) degree in any field.
  • Business Sustainability and Management: Bachelor’s (or equivalent) degree in any field.
  • International Marketing and Management: candidate must hold a Bachelor’s (or equivalent) degree in Management field or any other field and collected at least 18 ECTS credits in the field of Management/ Economics/ Business/ Human Resources/ Marketing or Finance.
  • Financial Economics:  candidate must hold a Bachelor’s (or equivalent) degree in Finance or Economics fields or any other field and collected at least 18 ECTS credits in the field of Economics/ Finance or Mathematics.
• Proof of English language skills:
  • Lithuanian National English exam (with a score of at least 70%)
  • TOEFL IBT  (score of at least 65);
  • IELTS (score of at least 6);
  • Cambridge English test Level B2 Certificate (score of at least 175);
  • Passed ISM English language test;
  • At least 30 ECTS completed in English language during the student’s bachelor degree;
  • Official confirmation from the candidate’s employee that the main language of operation within the company is English (the candidate needs to be employed in this company no less than 6 months);
  • A completed traineeship of no less than 6 months abroad, where mode of interaction was English;
  • Candidates who have completed either their bachelor’s or master’s degree in English are exempted from the language requirement;
  • The ISM Admissions committee reserves the right to request students to complete an English test at any point. 

All applicants who fulfill the formal entry requirements are welcome to submit an online application form.

Detailed admission instructions can be found HERE