Finance Program

The Finance programme is in line with the requirements for CFa® (Chartered Financial analyst) level 1 examinations. CFa® is the globally recognised top level qualification of financial analysts that is certified by the CFA Institute.This study programme is meant to educate versatile financial specialists. First, the students start learning the essential principles of financial accounting and go down to learning the application of specific methods and principles of finance.

PROGRAMME FEATURES:
  ■ students acquire knowledge about the management of state, institutional, corporate and personal finance, which they can later deepen in a specific area of their choice. 
  ■ a graduate of the Finance programme will be able to manage the financial accounting processes of company groups, make complex investment projects, including decisions regarding financial portfolios and financial risk management, and to analyse financial market operations.

Applicants for undergraduate studies at the ISM University of Management and Economics must have at least secondary or equivalent education certified by documents. There are no entrance examinations. Applicants are ranked according to their competitive score. All successful applicants will sign a Study Contract with ISM.

1. Secondary school diploma;

2. TOEFL (IBT minimum score 60) or IELTS academic (minimum score 5.5) test certificate (Applicants whose native or main study language is English are excused from talking the English language test). The Testing is possible at ISM (For more information, please contact the Admissions’ Office);

3. Final secondary school exams or grades in: 

Mathematics

History

One of the following subjects: Geography / Biology / Information technology / Second foreign language (In case a History exam was not taken, then two of the listed subjects are required)

4. Annual grade:

English language.

5. Additional points for national and international competitions  (Economics, Management, Politics or Equivalent. Copy of certificate must be added to application).

6. Filled form

The following documents must be submitted to the Admissions’ Office:

Please note that applications missing any of the listed documents will not be considered.

Filled application form in English (Paper version can be found at the end of Guide to application document: page 9-10, paper version should be filled, signed, scanned and attached  together with other application documents);

Copy of the secondary education diploma and supplement translated to English and notarized(submit copies and show original);

Proved English language skills, which should meet the requirements of Upper Intermediate level of higher. Valid results of TOEFL (at least 60 IBT), IELTS (at least 5,5) tests. If none of these tests has been taken, a test will be organised at ISM.  For more information, please contact the BS Admission Committee;

A copy of passport pages containing photo and information about identity (submit copies and show original);

(Optional) Documents proving achievements in national and international competitions (Economics, Management, Politics or Equivalent. Copy of certificate must be added to application).

Education evaluation from The Lithuanian Study Quality Assessment Centre (SKVC) and prescript of Ministry of Education and Science submit copies and show original);

Proof of adequate financial resources to cover the tuition fee and the living costs in Lithuania (template on page 11, paper version should be filled, signed, scanned and attached  together with other application documents );

Receipt, certifying the payment of the application fee. The application fee 50 EUR. Payment shall be transferred to the bank account indicated on page 6);

Applicants whose documents, submitted to the Admissions’ Office, were issued under different surnames must submit a notarized copy of the document confirming surname change.

Documents for Visa. If you require Visa to enter Lithuania or TRP (Temporary Residence Permit), please be aware of additional required documents:

Information on source of income during studies (approx. 250 EUR/month)

Copy of confirmation of place of residence in Lithuania;

Any additional  information.