6 May 2021

VU Attracts Attention of Prospective Business: Special Scholarships for Students, a New Laboratory for Researchers

On 5 May, Vilnius University (VU) and UAB TELTONIKA IoT GROUP signed a cooperation agreement to develop research and business and to improve VU study programmes in areas that align...

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6 May 2021

VU Astrophysicist Mindaugas Macijauskas: There is a Solid Basis to Believe in the Existence of Extra-Terrestrial Life

Mysteries of the universe are some of the most interesting and mystifying not only for scientists, but also for mankind. The space research aspect which raises most emotions is perhaps...

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5 May 2021

VU Library Invites to Contribute to the Improvement of the Provided Services

Some of the most important things that Vilnius University (VU) Library aims to provide are services that meet the needs of all its users, comfortable and user-friendly environment and qualified...

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3 May 2021

The Arqus Academy Week Kicks Off Today

The Arqus Academy Week 2021, hosted by Vilnius University, has started today with an Opening session where Dorothy Kelly, Coordinator of the Arqus Alliance, as well as the leaders of...

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30 April 2021

Exploring Grain Size Variation in Prehistoric Central Asian Barley

Over the past ten millennia, barley has followed humanity across the ancient world and evolved to more extreme ecologies than any other crop. From the fjords of far northern Europe...

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29 April 2021

VU Education Expert Renata Bilbokaitė: “There Would be no Doctors or Judges Without Teachers”

A century ago, the profession of an educator was considered prestigious and not everyone was able to pursue it. Over the past decade, however, the role of educators has decreased. Prof...

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Lithuania’s finance elite to be nurtured by Vilnius University

EK 180509 02974The Center for Excellence in Finance and Economic Research (CEFER) jointly with Vilnius University has developed a brand-new Bachelor program Quantitative Economics. This program will develop graduates capable of successfully navigating within the modern finance industry as well as public institutions and private companies requiring competence in economics and data science; the language of instruction is English and the program only last for three years instead of the standard four years. This is the first and so far the only program of this kind in Lithuania.

‘We believe that this program will become a stimulus for the development of the economics sciences in Lithuania and will satisfy the increasingly large financial and data analysts demand within the labor market. In developing it, we closely followed leading institutions, including my Alma Mater,  the University of Cambridge, and have drawn from experiences of CEFER researchers: in three years, students will develop analytic, mathematical, statistical and modelling skills that will be easily adaptable both for a career in business or further studies‘, tells Povilas Lastauskas, one of the authors and initiators of the program, Director of the Center for Excellence in Finance and Economic Research of the Bank of Lithuania. He worked previously as Director of Studies at the University of Cambridge.

The program Quantitative Economics is unique in that most lecturers will be active researchers who have received their doctoral degrees at leading universities abroad and conduct high-quality scientific research.

‘In terms of quality and content, this program will compete with the programs of the best universities, hence we aim at the best and most motivated high  school graduates who have excellent skills in mathematics and are fluent in English. The set minimum entry score for joining this study program will be no less than 6,’ tells Linas Tarasonis, Vice Dean of the Faculty of Economics and Business Administration at Vilnius University.

Those willing to study under this new program will need to have an excellent command of mathematics and English, while the selected candidates will be invited for a motivation interview. More information on the Bachelor’s program Quantitative Economics and the admission conditions is available at

About the Center for Excellence in Finance and Economic Research of the Bank of Lithuania

The Bank of Lithuania’s Center for Excellence in Finance and Economic Research was established in 2014 in cooperation with Vilnius University. One of the major tasks of this Center is to improve the quality of the economics and finance sciences in Lithuania. The research work at the Center is carried out by researchers who have defended their doctorate degrees at Goethe University Frankfurt, University of Amsterdam, University of Virginia, and other Western universities. Their scientific works are published in prestigious economics and finance journals such as Journal of Finance, Journal of Money, Credit and Banking, The Economic Journal, Review of Asset Pricing Studies, etc. 

Join top level researchers at Quantitative Economics study program: apply now!

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