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Economics and Finance

The renewed Economics and Finance study program is designed to provide students with solid competencies in economics, finance, and data analysis. The modern business environment requires the ability to work with large amounts of data, interpret it, and make informed decisions, which is why the program focuses heavily on analytical and statistical insights. The growing Fintech sector in Lithuania creates a need to understand technology-based financial products, their regulation, and market development trends, so students are introduced to current financial innovations.

Economics and Finance

The renewed Economics and Finance study program is designed to provide students with solid competencies in economics, finance, and data analysis. The modern business environment requires the ability to work with large amounts of data, interpret it, and make informed decisions, which is why the program focuses heavily on analytical and statistical insights. The growing Fintech sector in Lithuania creates a need to understand technology-based financial products, their regulation, and market development trends, so students are introduced to current financial innovations.

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Lectures and seminars supported by open discussions help students develop public speaking, clear argumentation, logic, systematic thinking, and consistency skills. Statistics and data analysis skills are developed in modern computer labs, where students learn to work with statistical analysis and data visualization software and analyze real-time financial market data provided by the Bloomberg terminal. Almost every course includes lectures by guest speakers who are professionals in the fields of economics or finance.

Entry qualification

High school / secondary education (or higher)

N. B. for non-EU/EFTA applicants: The gap since your completed secondary degree should not exceed five years.

Candidates with at least overall grade average of 60 % are eligible.

If your qualification and motivation meet the requirements, you will receive an invitation for an interview with the Admissions Committee.

The entry qualification documents are accepted in the following languages: English / Lithuanian.

Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original.

Translation is considered to be official when it is bound together with the certified true copy of the original document and is confirmed by the translator’s signature. Documents issued in English, Lithuanian must be certified true copies and do not require translation.

Language requirements

English

The following language certificates are accepted for study programmes taught in English: IELTS Academic 6.5+, TOEFL iBT 81+, Cambridge English Exam 176+, Pearson PTE Academic 59+, LanguageCert IESOL B2, Duolingo English Test 120+, Password Skills Plus 6.5+ or another language proficiency certificate equivalent to B2 CEFR (Common European Framework of Reference for Languages).

If your first language is English and/or if you have a university degree in English, you will be exempt from providing an English language test score.

Other requirements
  • At least 1 reference(s) should be provided.
  • A motivation letter must be added to your application.
  • Applicants from Bangladesh, Nepal and Pakistan must submit OMPT-A (Online Mathematics Placement Test) Certificate (minimum passing grade – 55%).

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Find your programme

When choosing a study programme, consider whether the subjects match your interests and strengths, as this will keep you motivated. You should also think about career opportunities, costs, and whether the programme fits your long-term goals. 

Keep in mind that each applicant can choose up to three study programmes in one application, but you can only get admitted to one programme. 

Check the application dates

For international applicants: 
1 May | for applicants from non-EU/EFTA countries 
1 July | for applicants who are citizens of EU/EFTA countries and for non-EU/EFTA applicants with a 90-day visa-free period that has not yet been exceeded.
The academic year always begins on 1 September.

Our International admissions have one intake per academic year. You can only submit your application during the application period.  

The application dates may differ if you are applying for a programme taught in Lithuanian or if you are eligible to apply for state-funded places.

Check your eligibility and prepare the necessary documents

In order to apply to Vilnius University, you must meet the general and programme-specific admission requirements, as well as the language proficiency requirements. In certain cases, specific territorial requirements may also apply. You can find all the specific requirements for this programme in the 'Admissions requirements' section.

For applicants from non-EU and non-EFTA countries, the period between obtaining your most recent secondary or higher education qualification and submitting your application may not exceed 5 years.

Pay the application fee and submit your application

The application to the international bachelor's or integrated studies degree programmes must be submitted on apply.vu.lt

The application fee is 100 EUR per application. The invoice is paid after adding the programmes to the application. Application fee payments are accepted only through the Flywire payment platform.

An online application will be processed only after the application fee is collected and the application is submitted with all the required documents. All documents must be submitted before the application submission deadline; otherwise, the application is terminated.

Please note: The application fee is non-refundable. Be sure to read the admission requirements and deadlines carefully before applying, as fees cannot be refunded if you are found ineligible or miss a deadline.

Take the interview

Candidates who meet the established criteria are invited to a motivational interview. The interview is organised to learn more about the applicant’s motivation for choosing the programme.

Confirm your acceptance and pay the tuition fee

Your application will be assessed within 30 calendar days from the date all required documents are submitted (this period may be extended in specific cases).

Acceptance letters or rejection notifications will be sent via the online application system https://apply.vu.lt.

Students are obliged to confirm if they accept the study offer within 7 working days.

Students who are citizens of the European Union, the European Economic Area countries and of other foreign countries, admitted to non-state-funded places in the first year of first-cycle and second-cycle studies through the University’s foreign student application system, must pay the annual tuition fee within 15 calendar days from the date of the offer to study.

Description of the Procedure of Payment, Reimbursement, and Recovery of Tuition Fees at Vilnius University 

The information about the tuition fee refund policy  

After the student pays the tuition fee, he receives the final acceptance letter. Then our International Relations Office provides the necessary information related to obtaining a temporary residence permit in Lithuania and sends a mediation letter to the student by e-mail (for non-EU citizens).

Arrange your arrival

Things to consider:

  • All international students have to apply for a visa, temporary residence permit or certificate of temporary residence in the Republic of Lithuania depending on their citizenship and the length of their studies at Vilnius University. 
  • If you require accommodation, you may apply for a dormitory via the application platform at apply.vu.lt. The task for accommodation appears after the tuition fee is paid and the final acceptance letter is received. 
  • More information about the start of your studies here.
  • You will be able to analytically assess economic and financial phenomena using statistics, econometrics, and data visualization methods
  • You will learn to work with real data sources, including the Bloomberg terminal
  • You will be able to understand and explain the principles of economics, corporate finance, public finance, and financial markets
  • You will learn about technological solutions in the Fintech sector and their regulatory context
  • You will be able to independently prepare well-reasoned analytical conclusions and perform case studies
  • You will learn to assess the impact of economic decisions
  • You will be able to communicate analytical results clearly through practical seminars and teamwork
  • You will learn to justify chosen methodologies and collaborate effectively in solving tasks
  • You will be able to take responsibility for the overall results and outcomes of projects
Tuition fee

Students who are citizens of the European Union, the European Economic Area countries and of other foreign countries, admitted to non-state-funded places in the first year of first-cycle and second-cycle studies through the University’s foreign student application system, must pay the annual tuition fee within 15 calendar days from the date of the offer to study.

After the student pays the tuition fee, he receives the final acceptance letter. Then our International Relations Office provides the necessary information related to obtaining a temporary residence permit in Lithuania and sends a mediation letter to the student by e-mail (for non-EU citizens).

Application fee

The application fee is €100 per application. Each applicant can choose up to three programmes within one application. 
Online applications will only be processed once the application fee has been paid. 

Please note that the application fee is non-refundable. Make sure you read the admission requirements and deadlines carefully before submitting your application, as the fee cannot be refunded if you are found to be ineligible or miss a deadline. 

Tuition Fee Waivers

Tuition Fee Waivers and Scholarships to Apply for Before Studies

  • Ukrainian students are invited to join the Bachelor’s and Master’s programmes with a 50% tuition fee reduction for the entire duration of their studies. More information here.

Lectures and seminars supported by open discussions help students develop public speaking, clear argumentation, logic, systematic thinking, and consistency skills. Statistics and data analysis skills are developed in modern computer labs, where students learn to work with statistical analysis and data visualization software and analyze real-time financial market data provided by the Bloomberg terminal. Almost every course includes lectures by guest speakers who are professionals in the fields of economics or finance.

Entry qualification

High school / secondary education (or higher)

N. B. for non-EU/EFTA applicants: The gap since your completed secondary degree should not exceed five years.

Candidates with at least overall grade average of 60 % are eligible.

If your qualification and motivation meet the requirements, you will receive an invitation for an interview with the Admissions Committee.

The entry qualification documents are accepted in the following languages: English / Lithuanian.

Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original.

Translation is considered to be official when it is bound together with the certified true copy of the original document and is confirmed by the translator’s signature. Documents issued in English, Lithuanian must be certified true copies and do not require translation.

Language requirements

English

The following language certificates are accepted for study programmes taught in English: IELTS Academic 6.5+, TOEFL iBT 81+, Cambridge English Exam 176+, Pearson PTE Academic 59+, LanguageCert IESOL B2, Duolingo English Test 120+, Password Skills Plus 6.5+ or another language proficiency certificate equivalent to B2 CEFR (Common European Framework of Reference for Languages).

If your first language is English and/or if you have a university degree in English, you will be exempt from providing an English language test score.

Other requirements
  • At least 1 reference(s) should be provided.
  • A motivation letter must be added to your application.
  • Applicants from Bangladesh, Nepal and Pakistan must submit OMPT-A (Online Mathematics Placement Test) Certificate (minimum passing grade – 55%).

1

2

3

4

5

6

7

Find your programme

When choosing a study programme, consider whether the subjects match your interests and strengths, as this will keep you motivated. You should also think about career opportunities, costs, and whether the programme fits your long-term goals. 

Keep in mind that each applicant can choose up to three study programmes in one application, but you can only get admitted to one programme. 

Check the application dates

For international applicants: 
1 May | for applicants from non-EU/EFTA countries 
1 July | for applicants who are citizens of EU/EFTA countries and for non-EU/EFTA applicants with a 90-day visa-free period that has not yet been exceeded.
The academic year always begins on 1 September.

Our International admissions have one intake per academic year. You can only submit your application during the application period.  

The application dates may differ if you are applying for a programme taught in Lithuanian or if you are eligible to apply for state-funded places.

Check your eligibility and prepare the necessary documents

In order to apply to Vilnius University, you must meet the general and programme-specific admission requirements, as well as the language proficiency requirements. In certain cases, specific territorial requirements may also apply. You can find all the specific requirements for this programme in the 'Admissions requirements' section.

For applicants from non-EU and non-EFTA countries, the period between obtaining your most recent secondary or higher education qualification and submitting your application may not exceed 5 years.

Pay the application fee and submit your application

The application to the international bachelor's or integrated studies degree programmes must be submitted on apply.vu.lt

The application fee is 100 EUR per application. The invoice is paid after adding the programmes to the application. Application fee payments are accepted only through the Flywire payment platform.

An online application will be processed only after the application fee is collected and the application is submitted with all the required documents. All documents must be submitted before the application submission deadline; otherwise, the application is terminated.

Please note: The application fee is non-refundable. Be sure to read the admission requirements and deadlines carefully before applying, as fees cannot be refunded if you are found ineligible or miss a deadline.

Take the interview

Candidates who meet the established criteria are invited to a motivational interview. The interview is organised to learn more about the applicant’s motivation for choosing the programme.

Confirm your acceptance and pay the tuition fee

Your application will be assessed within 30 calendar days from the date all required documents are submitted (this period may be extended in specific cases).

Acceptance letters or rejection notifications will be sent via the online application system https://apply.vu.lt.

Students are obliged to confirm if they accept the study offer within 7 working days.

Students who are citizens of the European Union, the European Economic Area countries and of other foreign countries, admitted to non-state-funded places in the first year of first-cycle and second-cycle studies through the University’s foreign student application system, must pay the annual tuition fee within 15 calendar days from the date of the offer to study.

Description of the Procedure of Payment, Reimbursement, and Recovery of Tuition Fees at Vilnius University 

The information about the tuition fee refund policy  

After the student pays the tuition fee, he receives the final acceptance letter. Then our International Relations Office provides the necessary information related to obtaining a temporary residence permit in Lithuania and sends a mediation letter to the student by e-mail (for non-EU citizens).

Arrange your arrival

Things to consider:

  • All international students have to apply for a visa, temporary residence permit or certificate of temporary residence in the Republic of Lithuania depending on their citizenship and the length of their studies at Vilnius University. 
  • If you require accommodation, you may apply for a dormitory via the application platform at apply.vu.lt. The task for accommodation appears after the tuition fee is paid and the final acceptance letter is received. 
  • More information about the start of your studies here.
  • You will be able to analytically assess economic and financial phenomena using statistics, econometrics, and data visualization methods
  • You will learn to work with real data sources, including the Bloomberg terminal
  • You will be able to understand and explain the principles of economics, corporate finance, public finance, and financial markets
  • You will learn about technological solutions in the Fintech sector and their regulatory context
  • You will be able to independently prepare well-reasoned analytical conclusions and perform case studies
  • You will learn to assess the impact of economic decisions
  • You will be able to communicate analytical results clearly through practical seminars and teamwork
  • You will learn to justify chosen methodologies and collaborate effectively in solving tasks
  • You will be able to take responsibility for the overall results and outcomes of projects
Tuition fee

Students who are citizens of the European Union, the European Economic Area countries and of other foreign countries, admitted to non-state-funded places in the first year of first-cycle and second-cycle studies through the University’s foreign student application system, must pay the annual tuition fee within 15 calendar days from the date of the offer to study.

After the student pays the tuition fee, he receives the final acceptance letter. Then our International Relations Office provides the necessary information related to obtaining a temporary residence permit in Lithuania and sends a mediation letter to the student by e-mail (for non-EU citizens).

Application fee

The application fee is €100 per application. Each applicant can choose up to three programmes within one application. 
Online applications will only be processed once the application fee has been paid. 

Please note that the application fee is non-refundable. Make sure you read the admission requirements and deadlines carefully before submitting your application, as the fee cannot be refunded if you are found to be ineligible or miss a deadline. 

Tuition Fee Waivers

Tuition Fee Waivers and Scholarships to Apply for Before Studies

  • Ukrainian students are invited to join the Bachelor’s and Master’s programmes with a 50% tuition fee reduction for the entire duration of their studies. More information here.
B_Ekonomika ir finansai (lt en)_III.png

Career prospects

The Economics and Finance study program provides a wide range of career opportunities in both the public and private sectors. Strong skills in understanding economic processes, financial analysis, and data analytics enable graduates to find employment in banks, investment management companies, financial market analysis departments, Fintech companies, or consulting firms, where the ability to evaluate financial products, analyze data, and forecast risks is required. Graduates of the program can also work in the fields of economic policy, public finance, social security, or macroeconomic analysis in ministries, municipalities, research institutes, and central banks.

Business Finance Consultant / International Business Analytics / Finance Analytics / Business Consultants / Investment Managers

Essential Skills for a Dynamic Future

Donatas Trasevskis

CEO at 12eat

Essentially, the most important thing that these studies provided for me are critical thinking skills and the ability to learn independently. From the perspective of the lifelong learning philosophy, these are very important skills, necessary for a modern person. The ability to collect, organize and analyse information, and to build knowledge or draw conclusions about global or business processes. These studies have laid the foundations for a broad range of career opportunities and have provided me with the tools for improving and constantly learning while pursuing a career or business. Of course, studying is a an integral part of social life, and I have met a lot of like-minded people during my studies, with whom I am still in contact today.

Flexibility, Courage, and Continuous Improvement

Laima Juknevičiūtė

Executive Director, CJSC Brolis semiconductors

Studying at VU FEBA allowed me to pursue ambitious goals. Studying was interesting, new, and sometimes difficult. What I appreciate the most, is that in addition to learning basic knowledge, the university taught me to be independent, to search for additional information myself, to go deeper, to analyse, and to adapt acquired knowledge for specific situations. These skills have been very useful in my professional career: flexibility, the courage to try new areas and the desire to continuously improve have truly aided me in my daily work.

We each take away what we need or want during our university studies.

Can I apply without final graduation documents?

You can apply with your current grades if you are graduating:

  • in one of the member countries of the EU, EFTA or OECD.

  • in one of the following countries: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan,  Kyrgyzstan,  Turkey,  Ukraine, Uzbekistan or if you graduated from the IB Diploma programme or with a General Certificate of Education with A-level exams (this exemption does not apply to citizens of Bangladesh, Nepal and Pakistan).

In this case, instead of final graduation documents, you need to submit your most recent transcript of grades and a document from your school (for Bachelor’s students) or university (for Master’s students) stating your expected graduation date, completion of the programme, and the awarded qualification.

The final graduation documents must be submitted by August 20, with some exceptions. If you receive an offer of admission, an admissions officer will inform you about the deadline for uploading the final documents. In some cases, this deadline can also be extended upon a written request from the applicant.

What are the criteria for admission?

First of all, the admission office will check the documents you have submitted to ensure that they correspond to the reality of the situation, and if they are found to be forged, law enforcement authorities will be informed.

Then, it will be checked whether the applicant has paid the application fee. If approval is received, the process moves on to the assessment of the cover letter and grades. Grades are assessed on a case-by-case basis. Depending on which country the applicant is from. For example, the minimum admission criterion for an applicant from Bangladesh is at least a 3.5 GPA, for an applicant from Nigeria at least a C6, etc.

After this procedure, the selected candidates will be invited for a motivational interview.

Could the Admissions Office check my educational documents before I submit my application?

Documents required for the application may only be checked after you submit a application form in  apply.vu.lt. and after paying application fee. In order to make sure that you are eligible to apply, you should check the general requirements for admission, country-specific requirements and study programme-specific requirements (these could be found at each programme description) and make sure that you meet all of them.

IELTS/ TOEFL required?

Applicants must provide an official English language certificate confirming at least B2 level according to the Common European Framework of Reference for Languages (CEFR).

We accept the following certificates: IELTS Academic (6.5+), TOEFL iBT (81+), Cambridge English (176+), Pearson PTE Academic (59+), LanguageCert IESOL (B2), Duolingo English Test (120+), Password Skills Plus (6.5+), or another recognized certificate equivalent to at least B2 CEFR.

Applicants’ English language proficiency will also be assessed during the motivation interview.

Online Mathematics Placement Test

This requirement applies to applicants from Pakistan, Bangladesh, and Nepal.

In addition to the standard application documents, applicants are required to take the Online Mathematics Placement Test (OMPT). The OMPT is an online admissions test used for international applicants. It can be taken remotely from anywhere in the world at a time convenient for you.

When registering for the test, select Vilnius University and the specific programme(s) you are applying to. Please note that the test must be scheduled several days in advance, as it may take up to 8 working days to receive your results.

Before submitting your application, please check the list of programmes that require the OMPT, click here.

You can register for the test on the official OMPT website.

Applications to the relevant programmes without a valid OMPT certificate will not be considered.

What happens after receiving acceptance letter?

Once a student is accepted, our international department sends them an email with all the information what they need to do next – basically what documents they need to get in order to come to Lithuania legally. What they (international students from non-EU, EEA, EFTA countries) usually need for coming to study in Lithuania is to get a temporary residence permit (in the Migration department, or in the agency called International House Vilnius (this agency has migration department officers working in their office).

A student also needs to pay tuition fee (the main rule is to pay the tuition fee for the first year of studies within 15 calendar days after the day a student receives an invitation to study). Then to get insurance at their home country,finnaly a student needs to find a place to live (if they were not offered a place at a dormitory, which actually happens rarely), open a bank account and arrive to the university to register.

You can find some more information here, but the student is always informed what they need to do and what they need to bring (documents for entering a country, valid passport, birth certificate, educational documents, etc.)

What to do if I am under 18 years old?

According to Lithuanian laws, a person under 18 years old cannot make legal contracts. However, there are not many contracts a student needs to sign in the beginning of their studies. What they actually need is:

- to open a bank account

- to sign accommodation documents

- to sign University documents

- to sign documents required when applying for temporary residence

Unfortunatelly, neither University, nor other insitutions provide legal guardianship for underaged students, but the issue is sloved with a relative who comes together with a child, signs all the papers, takes a look at a place where a student is going to live and then leaves. Usually parents/relavtives get Shengen visa.

How to get a place in a dormitory?

When you are filling in your application form, you need to indicate that you need a dormitory. After that you do not need to do anything extra. Most applicants are usually given the opportunity to live in a dormitory, but it is advisable to fill in the application form as soon as possible, indicating that you want to live in a dormitory.

You will receive an email to let you know if you have been granted a dormitory.

How to prepare for a motivational interview?

The study coordinator checks your motivation to study in your chosen study programme, so you have to be prepared to answer a series of questions about Why did you choose Vilnius University?; About the structure of the study programme?; How will the study contribute to your skills in your career? etc.

If you are applying to several study programmes, your motivation for studying will also be assessed separately, so you should be familiar with all the programmes you want to study in detail.

Chat with VU students

If you need more information or personalised advice, choose a VU Ambassador from your home country or the desired study programme and submit your question using the form below. You can expect to hear back from us within 2–3 working days.

Algimantas Laurinavičius, Head of CJSC “Hanner"

I graduated from the Faculty of Economics at Vilnius University in 2008. It was a high-level programme, which provided me with foundational knowledge in financial theory and taught me to apply it in practice for corporate financial management. I have consistently implemented this combination of theoretical knowledge and practical skills in my professional activities, and gradually, after moving through the positions of financial analyst and CFO, I have become what I am today – the head of the largest real estate development company in the Baltic States – CJSC Hanner.”

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