Economics

Economics

In most cases, the success of a company in the competitive environment depends on the ability to realize the overall situation, identify problems, and effectively choose and apply the methods of economic management. Nowadays, intuition and experience are not enough for an economist to complete the tasks related to the collection of economic information and analysis, simulation and forecasting of economic processes, selection of economic management tools, etc. It is necessary to be well aware of the methods of modern qualitative and quantitative analysis and management.

As a new member of the EU, Lithuania feels the increased need for experts ready to analyze and assess economic processes in various companies or institution. Businesses and state institutions are looking for economists who are able to analyze and simulate economic processes on macro and micro levels. 

The objective of the Economics Programme is to educate analytically minded economists who will be able to manage modern economic processes in the dynamic and integrated business environment.

Admission requirements

Requirements for the international students are the following:

- Secondary education diploma or equivalent;
- English test (TOEFL or IELTS) certificate;
- Final exams in english, mathematics and history.

Early Admission

1.1 Documents are to be sent by email or fax for primary evaluation:

a) Filled Application form;

b) Secondary education diploma or transcript of records if diploma is not received yet;

c) Passport (page containing photo and personal information);

d) English test (TOEFL or IELTS) certificate.

1.2 If you apply for early decision consideration, application manager within a week will:

a) Make you an offer which is conditional on you achieving certain grades or percentages in forthcoming examinations;

b) Make an unconditional offer if you have already satisfied entry requirements.

Regular admission

2.2 Admission fee and deposit (see page 6.) are to be paid to the University account.

2.3 Documents for application are to be sent by post:

a) The notarized copy of the original diploma and its supplements;

b) The notarized translation into English or Russian (if the original diploma is neither in English or Russian) of Secondary education diploma and its supplements (with the results of the examinations);

c) English test (TOEFL or IELTS) certificate;

d) 4 photos (3x4 cm);

e) Applicants whose documents presented for admission are issued under different surnames must submit a notarized copy of the document confirming the change

f) Receipts of paid Admission fee and Deposit.

g) Two copies of signed Learning Agreement (available at www.ism.lt/admission);

h) Information required for Mediation letter (all applicants will be informed personally)

i) Motivation letter (for grant applicants only).

The ISM University of Management and Economics higher education diploma is recognised in Lithuania and in foreign countries with which the Ministry of Education and Science has concluded co-operation agreements. International recognition of higher education is guaranteed by a special licence issued by the Government of the Republic of Lithuania to ISM in 1999.
Under the Lisbon Convention, the ISM bachelor’s degree diploma is recognised in more than 40 countries:

Albania, Armenia, Australia, Austria, Azerbaydzan, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Great Britain, Hungary, Iceland, Israel, Italy, Kazakhstan, Latvia, Lichtenstein, Luxembourg, Macedonia, Malta, Moldavia, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Sweden, Switzerland, Turkey, Ukraine, USA and Vatican.

The diploma awarded by the Norwegian School of Management BI.

In cooperation with Norwegian School of Management BI, ISM also offers a double degree option. A double degree entails that students upon completion of International Master of Science programme will receive the MSc degree from both ISM and BI. The Norwegian School of Management BI, which has been operating since 1943, is the biggest business school in Norway and one of the most well-established business training institutions in Europe.

International recognition confirms the high quality of ISM studies and diploma. The Central and East European Management Development Association (CEEMAN) has granted the university an International Quality Accreditation (IQA). IQA accreditation is granted to universities that have the most advanced management programmes in the whole region and ISM is the only university in Lithuania that has received such an important recognition.

Recognition and appreciation of the ISM diploma is reinforced by active participation of the university in the international academic environment and its membership in international research and development organisations.

The tuition fee for the international students (EU and non EU citizens) is 5865 LTL per semester (approx. 1700 EUR).

ISM University of Management and Economics

ISM University of Management and Economics works with the idea of life-long learning and offers educations to suit everyone from experienced executivea, prospective master’s degree studenta and high school graduates – everyone will find one’s place either at ISM Executive, Graduate or Undergraduate schools. A new generation of researchers is also being developed through Doctoral Studies.

The idea behind the three schools is based upon the principle that strong links bind together the practical goals of business people, the scientific ambitions of graduate students, and the sparkling enthusiasm of undergraduates. The three schools of ISM University of Management and Economics will meet the needs of future businesses with relevant research and the creative thought of bright ISM graduates and doctoral students.

Open the ISM door and you’ll find yourselves in an environment where all the conditions to study and develop are created. Spacious, modernly equipped classrooms, computer rooms, the library, which offers the latest business books, and recognised teachers guarantee high quality studies and provide the opportunity to obtain the best results.

ISM in Vilnius and in Kaunas is located in the very centre of the cities, thus the University is easily accessible, and the students have the opportunity to make use of all the advantages of the modern and dynamic cities. The cost of living in Lithuania for foreign students is not very expensive.