degree of Master of Social Sciences

Faculty of Economics and Business Administration

1.5

Social Sciences

Economics

90.0

Full-time

English

degree of Master of Social Sciences

Faculty of Economics and Business Administration

1.5

Social Sciences

Economics

90.0

Full-time

English

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.

Peržiūrėti programos planą

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

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.

Check additional country-specific requirements

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.

Proving your language skills

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%

OMTP exam information

1

2

3

4

5

6 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.

Check the country-specific requirements

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.

Create the application account Prepare the required documents

Confirm the 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.

Visa & Residence Permit Arrange you accommodation

5 460 EUR

VU FEBA Admission scholarship

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).

Learn more

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

Tuition Fee Waivers and Scholarships to Apply for During the Admission Procedure

degree of Master of Social Sciences

Faculty of Economics and Business Administration

1.5

Social Sciences

Economics

90.0

Full-time

English

degree of Master of Social Sciences

Faculty of Economics and Business Administration

1.5

Social Sciences

Economics

90.0

Full-time

English

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.

Peržiūrėti programos planą

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

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.

Check additional country-specific requirements

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.

Proving your language skills

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%

OMTP exam information

1

2

3

4

5

6 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.

Check the country-specific requirements

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.

Create the application account Prepare the required documents

Confirm the 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.

Visa & Residence Permit Arrange you accommodation

5 460 EUR

VU FEBA Admission scholarship

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).

Learn more

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

Tuition Fee Waivers and Scholarships to Apply for During the Admission Procedure

M_Finansai ir bankininkystė (lt en)_III.png

Career prospects

A graduate can be employed as a specialist at various types of financial institutions, such as the Ministry of Finance, or a finance and tax analyst at enterprises, organisations, public and private companies such as Western Union, AIG, NASDAQ and many others.

After the successful completion of studies in English, the graduates of the programme will have a competitive advantage for developing their careers. The programme brings theory into practice, and helps prepare students to receive the Chartered Financial Analyst (CFA) designation.

Vilnius University has created opportunities for students interested in continuing their education to enter into doctoral studies, which are available in the English language; furthermore, the best of our graduates might be offered employment at the university.

Finance and Banking Analyst / ublic / Private Enterprise Finance Analyst, / Expert in Investments / Expert in Business Development / Expert in Financial Markets

Why choose this programme?

Ineta Prialgauskaitė

Project manager, Danske Bank

After earning my bachelor’s degree in finance, I’ve spent a few years living abroad and gaining work experience in banking industry. Once I settled on a decision to come back to Lithuania, I’ve started to search for master’s degree studies, where I could not only deepen my theoretical knowledge in finance, but as well would have a possibility to combine studying and a full-time work. By all means, „Finance and Banking" study program offered by Vilnius University appeared as an ideal fit for me. It is a perfect blend of dynamic study environment, well-diversified subjects, multicultural classmates, and experienced lecturers.

Therefore, if you are interested in trying out the study program accredited by CFA Institute, look no further, and join a great academic community here in Vilnius university.

Why choose this programme?

Gustavo Mota

Graduate of the Finance and Banking Master's Degree program at VU FEBA

After being an exchange student in this faculty some years ago, I came back as a full-time student for this master's degree program. What made me come back was the quality and standard of education in finance. The knowledge covered in this program is modern, accredited by leader institutions such as CFA, relevant and immediately applicable to the real world. The professors are experts, researchers and practitioners in the financial sphere, which make their lectures diverse, interesting, challenging and full of insights.

This program opened me the doors to countless opportunities, such as finding a job, visiting and networking in financial institutions, getting into conferences with researchers, regulators and even political figures. It also brings great opportunities to actively participate in the academic world and publish research. Overall, the study experience is rich and full, the campus is modern with access to Bloomberg terminal and located very comfortably close to dormitories, the sport center and the ISIC, the most modern and well-equipped library in the city. Finally, as an international student I have received support and guidance on adapting to this country, I have felt more than welcomed by both Lithuanian and the international student community. I will always be sure that I made the right decision in choosing this program and invite you to be part of it and its endless opportunities as well.

Finansai_ir_bankininkyste_MA_Ineta_Prialgauskaitė_2025_EVAF.png

Finansai_ir_bankininkyste_MA_Gustavo_Adolfo_Mota_Salinas_2025_EVAF.png

Accommodation

Financial Support

Exchange opportunities

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.

Contact our Ambassadors