Global Business and Economics
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Global Business and Economics

The program is focused on the strategic challenges confronting business firms which compete in the global economy. It develops global business leaders who are able to maintain strong strategic positions in global markets, lead the organization through continuous change and work in a highly intercultural environment.

Global Business and Economics

The program is focused on the strategic challenges confronting business firms which compete in the global economy. It develops global business leaders who are able to maintain strong strategic positions in global markets, lead the organization through continuous change and work in a highly intercultural environment.

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In today’s global and digital economy, managers must combine strategic thinking with global awareness. Courses such as Global Business Strategy, Leadership, Corporate Finance, and International E-commerce develop the ability to manage across markets, lead diverse teams, and make data-driven decisions. The program equips graduates with the knowledge and skills to navigate international competition and succeed in a rapidly evolving business environment.

  • You will gain a firm knowledge of global business management
  • You will better understand cultural, economic, political, legal, scientific, and technological international business environments relevant to decision-making
  • You will develop a strong understanding of how businesses are established, developed, and compete in global conditions
  • You will learn about the cultures of different states, nationalities, and regions as a foundation for building and maintaining successful international business relationships
  • You will develop both practical and theoretical skills needed to solve global business problems
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 economics theory, management, marketing, 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.

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.
  • Applicants from Bangladesh, Nepal and Pakistan must submit OMPT-A (Online Mathematics Placement Test) Certificate (minimum passing grade – 55%).
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.

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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

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 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.
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. 

In today’s global and digital economy, managers must combine strategic thinking with global awareness. Courses such as Global Business Strategy, Leadership, Corporate Finance, and International E-commerce develop the ability to manage across markets, lead diverse teams, and make data-driven decisions. The program equips graduates with the knowledge and skills to navigate international competition and succeed in a rapidly evolving business environment.

  • You will gain a firm knowledge of global business management
  • You will better understand cultural, economic, political, legal, scientific, and technological international business environments relevant to decision-making
  • You will develop a strong understanding of how businesses are established, developed, and compete in global conditions
  • You will learn about the cultures of different states, nationalities, and regions as a foundation for building and maintaining successful international business relationships
  • You will develop both practical and theoretical skills needed to solve global business problems
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 economics theory, management, marketing, 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.

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.
  • Applicants from Bangladesh, Nepal and Pakistan must submit OMPT-A (Online Mathematics Placement Test) Certificate (minimum passing grade – 55%).
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.

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

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 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.
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. 

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Career prospects

Graduates of the program are equipped to take on strategic and managerial roles in both local and international business environments. The program develops strong analytical, financial, and leadership competencies, enabling graduates to make data-driven decisions, manage complex projects, and lead diverse teams. The acquired knowledge allows them to contribute to organizational growth, guide business development, and effectively operate in dynamic, competitive global markets. With a combination of strategic insight, financial expertise, and intercultural awareness, graduates are well prepared to succeed in various sectors and to pursue leadership positions in globally oriented organizations.

Business Consultant / Business Manager / Expert in Business Finance / Sales Manager / International Project Manager

Why choose this programme?

Ilker Teker

Global Business and Economics study programme graduate

Being a graduate of Global Business and Economics Master study programme, I would like to share my insights. When I started my Global Business and Economics studies, I aimed to write scientifically proper and valid master thesis in English. Administration of my study programme dealt very well with the changed circumstances because of the pandemic, I graduated without any extra struggles. When I was doing my research, I received help from both faculty management and my advisor professors. Having a Master’s degree will make me a better candidate in future job applications or academic career. For this reason I would like to thank all faculty members and professors who helped me in my studies

Why choose this programme?

Daniela Fedele

Global Business and Economics graduate 

My name is Daniela, I come from Italy and I graduated from Vilnius University in Global Business and Economic Master Program. First time I joined VU was for the Erasmus program that lasted 5 months, and afterwards I decided to come back and apply for a master degree, and it was one of the best choices I have ever made. My experience at VU was incredible. I was honored to receive a scholarship during my studies and extra incentives in order to achieve higher performance. It was an international and multicultural experience full of challenges and continuous improvements. A long path of professional growth, and much more.

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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.

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