Financial Management in Lithuania

Are you looking to expand your knowledge of the world of finance? Do you want to improve your career opportunities and learn the latest financial practices? Do you want to excel at your own investment?

Financial Management, Master’s - 1.5 years, 4606€/year (English)

If any or all of the above brought out a yes, then your search for what to study has come to an end. Settle on the Master‘s degree in Financial Management and bring your university education to the next level.

Study in Lithuania, the country where fin-tech companies are clustering to conduct their business. Study close to your potential employers not just in fin-tech, but also in more traditional insurance companies, banks, audit firms and more. Among study programmes, Financial Management is one of the strongest, preparing graduates with high-level theoretical and practical knowledge. During your financial studies, you will not only gain the newest theoretical knowledge but also enhance practical skills and professional competences in financial and management accounting, taxes, state and municipal finances, corporate and personal financial management, project financial management, risk management, financial control and audit.

In 1,5 years, you will receive your Master‘s degree in the field of economics – social sciences. You will also be awarded 90 ECTS credits for your future studies. After completing your degree, you will be able to work in banks and other financial institutions, private companies and corporations, financial consulting, audit firms and in public administration. Alumni of the programme successfully work at Lithuanian banks and financial centres (Danske Bank, Western Union, Swedbank), provide advice to presidential staff, in various businesses, and have started their own businesses.

STUDY PROGRAMME PLAN

  • Accounting*;
  • Fundamentals of Law*;
  • Financial and Management Accounting;
  • Direct and Indirect Taxes;
  • State and Local Government Finance;
  • Corporate and Personal Finance Management;
  • Research Methodology;
  • Application of Innovative Technologies in Finance;
  • Financial Control and Audit;
  • Econometric Modelling and Forecasting;
  • Master Thesis Project;
  • Project Cost Management;
  • Start-ups Investment Modelling;
  • Big Data Analysis;
  • Economic and Financial Behavior.

Learning Outcomes

General competences and learning outcomes

  1. Personal and Social abilities
  • Ability to engage in lifelong learning processes, to independently observe and critically evaluate theoretical and practical innovations in the development of the financial system in the context of an ever-changing national and global market.
  • Ability to cooperate in an ethic and tolerant manner, communicate comprehensibly while using financial terminology properly with different stakeholders in making and implementing decisions related to financial management, collecting and processing financial data or drafting financial reports as well as providing financial consultations.
  • Ability to conduct scientific research on financial issues individually and in teams and to take responsibility for the quality of their and their subordinate employees’ activities in accordance with professional ethics and social responsibility.

Subject specific competences and learning outcomes

  1. Knowledge and its application
  • Ability to acquire the most recent knowledge in economics, management, accounting and audit based on the fundamental and applied research and ability to apply it in practice for financial management decisions making in the changing business environment, traditional, global and network organisations.
  • Ability to gain a deep understanding of financial theories and ability to apply models and principles based on fundamental and the most recent knowledge in conducting research of problems related to functioning of financial systems, public, business and tax management and making comprehensive financial decisions.
  1. Research skills
  • Ability to select and apply appropriate data analysis methodologies to integrate scientific knowledge and research data into making financial management decisions and evaluating alternatives in an environment of high uncertainty.
  • Ability to analyse, systematize and assess critically the information important for the changes in the financial system, financial management professional activities and introduction of innovations, and integrate knowledge while providing consultations or performing expert evaluation of finance and inter-disciplinary areas.
  1. Special abilities
  • Ability to plan and perform a comprehensive financial analysis and assessment of business or public organisation by integrating the most recent concepts of finance, economics, accounting, risk and taxation analysis and applying the principles of professional ethics and social responsibility adequately.
  • Ability to identify and address complex financial management issues independently and innovatively, critically evaluating alternatives to short-term and long-term financial and non-financial sector development solutions integrating the latest theoretical knowledge, applied research data and an interdisciplinary holistic approach.

Advantages in studies in Lithuania

Among popular study programs in Lithuania are Information Technology, Engineering, Business Administration, and Medicine. These programs are highly regarded and attract a large number of international students. With our help, you can study one of the above-mentioned programs.
Advantages of Studying in Lithuania

Lithuania offers a unique blend of high-quality education, affordability, and a welcoming environment. Tuition fees in Lithuania are generally lower compared to other European countries, making it an attractive destination for international students seeking high-quality education at a reasonable cost. There are several scholarship opportunities available for international students, including merit-based and government-funded scholarships that cover tuition fees and living expenses. Lithuanians are known for their welcoming and friendly nature. The country is a multicultural society, offering international students the opportunity to interact with people from diverse backgrounds. Lithuania is full of scenic beauties such as forests, beaches, and historic sites. The capital city, Vilnius, is famous for its historic architecture and vibrant culture. English is widely spoken in Lithuania, particularly among young people and in the academic community. This makes it easy for international students to integrate into society and communicate with their peers.

Higher Educational System

Lithuania's higher education system follows the Bologna Process, offering three main cycles: Bachelor's (3-4 years), Master's (1.5-2 years), and Doctoral (3-4 years). The academic year is divided into two semesters: the autumn semester (September to January) and the spring semester (February to June). The grading system typically uses a scale from 1 (very poor) to 10 (excellent). Average annual tuition fees range between €2,000 to €5,000. The examination session lasts 2-3 weeks at the end of each semester.

Cost of Living

The cost of living for students in Lithuania is relatively affordable. Monthly expenses, including accommodation, food, transportation, and entertainment, range from €500 to €800. Renting a student dormitory costs around €100-€200 per month, while private accommodation can range from €300-€600. Public transportation is also affordable, with monthly passes costing around €10-€15.

Lithuania is an ideal country for young people seeking a quality European education.

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