MSc in Financial Economics
Vilnius County, Lithuania
DURATION
2 Years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
Request application deadline
EARLIEST START DATE
Sep 2025
TUITION FEES
EUR 3,225 / per semester
STUDY FORMAT
On-Campus
Key Summary
Introduction
Financial Economics
PROGRAMME FOCUS
The distinctive feature of the Master in Financial Economics programme lies in its holistic approach, which incorporates courses on investment management, corporate finance, economics and quantitative research methods. The program aims to broaden students’ understanding of scientific contributions in the field of financial economics, strengthen their analytic and critical thinking skills, and equip them with quantitative finance techniques and complex financial decision-making tools in a rapidly changing macroeconomic environment. Our graduates have solid training in modern financial and economic theory with an ability to apply theoretical concepts and models in practical situations.
Master’s programme in Financial Economics aims to educate socially responsible and highly qualified specialists in the field of financial economics, equipped with general, functional and transferable competencies, specialized knowledge and strong analytical skills that would enable them to analyze, critically assess and develop contemporary theory and practice of finance and economics as well as apply methods of mathematical statistics and econometric models to the analysis of corporate finance, portfolio management, financial markets and institutions, financial engineering across local and international public and private institutions.
EXCHANGE PROGRAMMES
Master’s students can spend an exchange semester in one of 14 partner universities in 11 countries across Europe and Asia.
DOUBLE DEGREE
The double degree is exclusively awarded to students who spend one year of their two-year program at the double degree partner university:
- BI Norwegian Business School
Admissions
Curriculum
Semester 1
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
Courses
- Asset Pricing (GRAE021)
- Financial Econometrics (GRAE018)
- Advanced Corporate Finance (GRAE019)
- Mathematical Finance (GRAE017)
- Economics for Sustainability (GRAE034)
Semester 2
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
Courses
- Advanced Macroeconomics (GRAE007)
- Applied Valuation (GRAE027)
- Research Methodology (GRAE001)
- Alternative Investments and Derivatives (GRAE033)
- Ethics and Economics (GRAE032)
Semester 3
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
Courses
- Financial Intermediation and Risk Management (GRAE035)
- Monetary Policy (GRAE012)
- Research Proposal (GRAE030)
- Behavioral Economics (GRAE031)
- Game Theory and Economic Shocks (GRAE036)
Semester 4
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
Gallery
Program Outcome
KEY LEARNING OUTCOMES
Through the Master of Financial Economics program students will be able to:
- Analyse and assess both the micro- and macroeconomic environment of international corporations, financial institutions, and capital markets.
- Understand and apply quantitative finance techniques and advanced financial decision-making tools in portfolio management, risk management, and capital budgeting.
- Analyse and critically evaluate the role and functioning of international financial markets and institutions and be familiar with the universe of financial instruments.
- Evaluate, choose, and systemically apply advanced mathematical statistics methods and advanced econometric models and techniques in solving complex problems of corporate finance.
Scholarships and Funding
- LPIT tax relief: Get back up to 20% of the tuition fee paid
- For employees of patron companies: 15% discount for studies
- A state-sponsored student loan: Loan on preferential terms - pay for studies only after graduation
- For ISM alumni: 30% discount for studies
- ISM Scholarship: up to 50% discount for studies
- Discount for foreigners who have spent a semester at ISM: 25% discount for studies
- State scholarship from the Educational Ecxhange Support Fund: Learn more about this scholarship here.