Finance and Banking
The programme develops strong analytical skills and prepares students for CFA® exams. It enables critical evaluation of economic and financial theories, equips students to analyze macro-level financial issues and make informed management decisions. It introduces global financial institutions and markets, provides knowledge for improving budgeting and tax policy, and prepares students to conduct financial analysis, assess and manage risks, and master key CFA Institute topics.
You will become a professional in the field and will know how to critically evaluate economic and financial theories, to apply research methods, to provide sufficient knowledge needed for analysis of financial problems at a macroeconomic level and to make grounded decisions at the highest financial management level. You will receive theoretical and practical knowledge needed for improvement of budgetary system and taxation policy in the face of national and global economic changes as well as knowledge needed for independent organization’s financial analysis and financial risks’ assessment and management.
Entry qualification
Undergraduate diploma (or higher)
N. B. for non-EU/EFTA applicants: The gap since your completed Bachelor degree should not exceed five years.
No less than 20 ECTS credits in the fields of microeconomics, macroeconomics, econometrics, and optional courses in the fields of economics, business and management; or at least 3 years of professional experience and a free-form statement from the employer, indicating the length of employment and the position held.
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.
Applicants to the study programme Finance and Banking (in Lithuanian and English) are awarded an additional point for passing the CFA (Chartered Financial Analyst) exam.
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 2 reference(s) should be provided.
A motivation letter must be added to your application.
Territory requirements
- Tuition Fee Reduction for Ukrainian Students
The Faculty of Economics and Business Administration at Vilnius University offers a 50% tuition fee reduction for all Ukrainian students enrolled in Bachelor’s and Master’s study programmes. This reduction applies for the entire duration of the studies.
- 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
- You will develop strong analytical skills and prepare for Chartered Financial Analyst® (CFA) examinations
- You will learn to critically evaluate economic and financial theories and research methods
- You will be able to analyze financial problems at the macroeconomic level and make well-grounded decisions at senior financial management levels
- You will gain an understanding of the role, development, aims, and objectives of international financial institutions and global financial markets
- You will acquire theoretical and practical knowledge for improving budgetary systems and taxation policy in response to national and global economic changes
- You will learn to conduct independent financial analysis of organizations
- You will be able to assess and manage financial risks while considering macro- and micro-environmental factors
- You will become familiar with the core topics of CFA Institute materials and be prepared to sit for CFA exams
- 5 460 EUR
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).
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.
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.
Scholarships for Master's
Career prospects
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.
