M.Sc. Financial Economics

  • On Campus
  • 24 months
  • EUR2275 per Semester (International

    Tuition fee for the international students.

    EUR2275 per Semester (EEA

    European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.

  • English ( Take IELTS test or Find a course )
| Vilnius, Lithuania
The distinctive feature of the Master in Financial Economics programme at the ISM University of Management and Economics lies in its holistic approach, which incorporates subjects on investment management, corporate finance, economics and advanced quantitative research methods.
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The Financial Economics programme at the ISM University of Management and Economics 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 competences, 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

Key Learning Outcomes

Through the Master of Financial Economis programme 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.

Detailed Course Facts

Start dates and application deadlines

Started in

    Deadline was:
  • ( General

    General deadline, applies to everyone.


Dates reflect the university's timezone.

Tuition fee
  • EUR2275 per semester ( International

    Tuition fee for the international students.

  • EUR2275 per semester ( EEA

    European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.

Credits (ECTS) 120 ECTS
Duration full-time 24 months
Partnership Joint
Delivery mode On Campus
Educational variant Full-time

Course Content

Courses Included

Year 1
  • Asset Pricing
  • Advanced Corporate Finance
  • Alternative Investment and
  • Risk Management
  • Microeconomic Analysis
  • Advanced Macroeconomics
  • Research Methodology
  • Applied Business Ethics
  • Mathematical Finance
  • Financial Econometrics
  • Applied Valuation
Year 2
  • Behavioural Finance
  • International Finance
  • Financial Intermediation
  • Monetary Policy
  • Time Series Analysis
  • Master’s Thesis


  • Undergraduate degree in any field.
  • All cantidates must hold a Bachelor's (or equivalent) degree and have collected at least 18 ECTS credits in the fields of management/economics.
Documents for Application
  • Applicants must submit an online application
  • Undergraduate degree diploma and diploma supplement.
  • Applicants who have earned their degree abroad must submit a confirmation by the Lithuanian Centre for Quality Assessment in Higher Education (SKVC) confirming that their undergraduate degree is comparable to an approved Lithuanian undergraduate degree.
  • Proved English language skills, which should meet the requirements of Upper Intermediate level of higher. Valid results of TOEFL, IELTS tests. If none of these tests has been taken, a test will be organised at ISM.
  • Curriculum vitae (in English);
  • An essay in English on the topic “What would you describe to be your most unique or special skill that differentiates you from everyone else?”.
  • A copy of passport pages containing photo and information about identity.
  • Documents confirming academic activities (if applicable).
  • Application fee

International students should consider taking a Pre-Master to gain access to universities in Lithuania when:

  • You are considered ineligible for admission
  • You need to improve your academic, study, research or language skills
Search all Pre-Masters

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