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Tuition fee €2,952 per year
Application fee €100 one-time
Registration fee €100 one-time

Baltic Center Registration Fee Includes:
– Consultations for selection of HEI
– Migration & visa consultation
– Registration in the Baltic Center database
HEI admission documents’ check
– General testing for all Baltic Center HEIs – Admission Examination
– Student’s admission to HEI, maximum 3 registrations per one fee.
& In case of HEI change at the request of a student, after the admission letter receiving from HEI, a transfer to another HEI is for an extra cost.
– Documents’ arrangement for the payments to HEI
– Bonus – on the written application of a student, preparation and transfer of the invitation for the embassy.
& The period of preparation from week to two months


Master degree study programme of Finance was introduced in September 1993. The developed study programme was based on curriculum benchmarking through networking with foreign universities (e.g. from USA, Denmark) and the best practices. The peculiarities of the Finance programme at VMU are built on broad theoretical foundation in economics and finance, and specializing study subjects by different knowledge areas; rich menu of elective study subjects offered from Programmes in economics, management and business administration, as well as other social sciences offered at VMU; strong international context of contents of study subjects, reflecting integration of financial intermediaries and markets into international organizations; continuing curriculum development, taking into account dynamics of business and financial environment, and demand for new knowledge and competencies in finance. Since 2013 – 2014 academic year the programme is taught entirely in English.
The purpose of the programme is to train qualified specialists in finance, who have assimilated modern theories and methods in financial management, have systematic approach to macroeconomic processes and financial management at micro level, are able to analyze and to evaluate critically the processes on-going in the financial system and in business structures, to keep abreast of scientific and practical innovations in the finance field and to apply them in the professional activities.
Students admitted to the programme have a possibility to study for the Double Degree with the leading Business Schools from CEEMS network: Louvain School of Management at Louvain Catholic University, Belgium and Norway School of Economics in Bergen.

Programme structure

1 Year
1 semester

Accounting Harmonization in EU - 6;
Financial Markets and Institutions in EU – 6;
Macroeconomic Environment Analysis - 6;
Business Financing Models and Instruments - 6;

2 semester
Financial Risk Management – 6;
Investment Analysis and Management – 6;
Strategic Finance Management - 6;
Research Project 1 - 6;

2 Year
1 semester
Financial Economics – 6;
Modern Finance and Banking Problems - 6;
International Finance - 6;
Research Project 2 - 6;

2 semester
Final Thesis - 30.

Career opportunities

Graduates of the Programme will be able to work as financial specialists in the firms with different business profile, in banks and other financial institutions; financial consultants in audit, business consultancy firms; financial specialists, advisors, experts in government and municipality institutions; lecturers in economics and finance in Lithuanian universities and colleges. Graduates of MSc in Finance and Banking programme may continue studies at PhD studies in Economics or Management.

Apply now! Fall semester 2020/21
Application period has ended
Studies commence
Sep 1, 2020

Application deadlines apply to citizens of: United States

Apply now! Fall semester 2020/21
Application period has ended
Studies commence
Sep 1, 2020

Application deadlines apply to citizens of: United States