About
* See the “Schedule” section.
The principal aims of the programme are as follows:
- This programme is focused on analytical skills and preparation for Chartered Financial Analyst® (CFA) exams.
- Critically evaluate economic and financial theories and research methods, to provide sufficient knowledge needed for analysis of financial problems at a macroeconomic level and to makegrounded decisions at the highest financial management level;
- Introduce to the role, development, aims and objectives of international financial institutions and financial markets globally;
- Provide theoretical and practical knowledge needed for improvement of budgetary system and taxation policy in the face of national and global economic changes;
- Provide scientific and methodical knowledge needed for independent organization’s financial analysis and financial risks’ assessment and management, while taking into account macro and micro environmental changes.
- Introduce to the main topics of CFA Institute material and to prepare students for CFA exams.
Important admission note for non-EU/EFTA applicants: The gap since completing your Bachelor's degree must not exceed five years.
For more information please write to the Faculty academic coordinator:
Schedule
The study programme is conducted remotely on weekday evenings from 5:45 PM to 9:00 PM (Lithuanian time) via the MS Teams platform. However, the defense of the Master's thesis will take place on campus, meaning all students must be physically present in Lithuania on the day of their thesis defense.
During each semester, 4-5 different subjects are studied (the studies are conducted in modules, with 1-2 subjects studied simultaneously, and new ones started after completing them). The Master's thesis is defended in three stages, in first, second and third semesters.
You Will Learn
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, while taking into account macro and micro environmental changes.
Study Overview
- This programme is focused on analytical skills and preparation for Chartered Financial Analyst® (CFA) exams
- The programme is constantly updated based on recommendations of students and social partners in order to keep up with scientific and practical changes in the field
- The programme is the most popular master programme among the students and has positive evaluations from the experts of international accreditation
Entry Requirements
- A Bachelor’s degree or its equivalent.
- No less than 20 ECTS credits in the fields of Microeconomics, Macroeconomics, Econometrics and other Economics, Business or Management fields.
- English language proficiency at a level not lower than B2 (following the Common European Framework of Reference for Languages (CEFR)).
- Motivational interview.
All international applicants must meet the general admission requirements.
Lecturers
Alfreda Šapkauskienė
Linas Jurkšas
Jelena Stankevičienė
Antanas Laurinavičius
Algimantas Laurinavičius
Rosvaldas Krušna
Greta Keliuolytė-Staniulėnienė
Mantas Valukonis
Tom Hashimoto
Darius Saikevičius
Syllabus
| Subjects of study | Credits |
|---|---|
| Semester 1 Autumn | |
| Compulsory Courses | 25.0 |
| Corporate Finance | 5.0 |
| Financial Ethics | 5.0 |
| Quantitative Methods | 5.0 |
| Scientific Research Work I/II p. | 10.0 |
| Optional Courses | 5.0 |
| Financial Behavior | 5.0 |
| Macroeconomics | 5.0 |
| Microeconomics | 5.0 |
| Semester 2 Spring | |
| Compulsory Courses | 25.0 |
| Alternative Investments | 5.0 |
| Derivatives | 5.0 |
| Fixed Income | 5.0 |
| Scientific Research Work II/II p. | 10.0 |
| Optional Courses | 5.0 |
| Business Valuation | 5.0 |
| Prevention of Money Laundering | 5.0 |
| Semester 3 Autumn | |
| Compulsory Courses | 25.0 |
| Equity Investments | 5.0 |
| Financial Reporting and Analysis | 5.0 |
| Investment Portfolio Analysis | 5.0 |
| Master Final Thesis (Study field: Economics) | 10.0 |
| Optional Courses | 5.0 |
| Competition Policy and Practice | 5.0 |
| Strategic Financial Management | 5.0 |
Career Opportunities
VU FEBA Finance and banking master‘s programme is a successful combination of extensive academic background and focus towards its practical implementation skills. This programme being aligned with the curriculum of CFA programme and offering opportunities to learn and practice usage of Bloomberg capabilities signifies its clear focus towards developing strong financial sector professionals. Faculty proactively seeks dialogue with business and financial institutions’ representatives in order to establish mutually important dialogue about current competencies needs observed in the labor market. This enables the faculty to promptly react in adapting this master’s programme to be the most relevant academic set of development opportunities it may become. Financial institutions across the market are seeking for both, wide understanding of financial and economic concepts as well as skills to practically adapt knowledge and competencies gained at the university. Being an actively hiring manager for a number of years I would like to appreciate the work done by the faculty in running this robust and very relevant master’s programme and adapting it to labor market needs.
Giedrė Gečiauskienė, Executive Board member at national development agency Invega
The fintech sector is experiencing a surge in demand for specialists due to the digital transformation of traditional financial services, the rise of fintech startups, and the global expansion of digital financial products. As financial technologies continue to evolve, the demand for fintech specialists is expected to grow, offering promising career prospects for those adept at blending finance and technology.
Andrius Bičeika, Supervisory Council Member at Revolut Holdings Europe
Employers of programme graduates:
Testimonials
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.
Ineta Prialgauskaitė, Project manager, Danske Bank
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.
I chose the Finance and Banking Master Program at Vilnius University for its comprehensive 1.5-year curriculum taught in English, which aligns well with my career aspirations. The program is top-notch, offering a balance of theory and hands-on learning, providing a strong knowledge base, practical skills, and international experience. Additionally, the program emphasizes analytical skills and preparation for the Chartered Financial Analyst® (CFA) exams. Over the course of one and a half years, I expanded my network by studying alongside international peers in English and applied the knowledge gained to my professional role. I am grateful for this worthwhile experience and encourage others to seize this opportunity, as it is a great program for both academic and professional growth.
During the pandemic I had doubts and was not sure how the remote studies would work for me. Despite that I came across the "Finance and Banking" master's degree studies in Vilnius University which not only offer remote studies, but also, the program is accredited by CFA Institute. During one and half years I had great experience, deepened my knowledge, and met a lot of wonderful people from all around the world. The program itself offers quite a variety of different subjects that can be applied in theoretical and in practical situations.
Fee & Finances
*Annual tuition fee: 5460 Eur
Tuition fee might be postponed, but no later than December 1 in the Autumn semester and May 1 in the Spring semester; or can be payed in installments no less than 30 % of the semester tuition fee before the first month of each semester and dividing the remaining sum to one or two instalments which have to be paid before 1 December in the Autumn semester and 1 May in the Spring semester.
*Tuition fee might change insignificantly due to state regulations.
STATE FUNDED PLACES AND LOANS
State-Funded Places for Bachelor Students
Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA), persons (non-EU/EFTA) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin, can apply for the State-Funded Place in the programme.
For more information, please follow this link or contact us by e-mail at
State-Supported Loans
Students are granted the possibility to apply for State-Supported Loans that are issued through a selected bank for one academic year. Loans can be given in these cases:
– To cover the tuition fee. The maximum amount equals the yearly tuition fee for the study programme you attend. This loan is paid directly to the account of the University;
– To cover living expenses. The maximum amount currently is 2000,00 EUR per year. This loan is paid in equal monthly instalments until 1 July to the borrower's personal account (for last year students until graduation);
– For partial studies abroad. The maximum amount currently is 2400 EUR, to be paid all at once to the borrower's personal account.
The loan repayment period begins no later than 12 after graduation, or termination of studies and is repaid within no more than 15 years from the beginning of the repayment period.
The applications and disbursements of the study loans are carried out by the State Studies Foundation. Please note that there are requirements that you must meet in order to be able to apply for the loan. More information
TUITION FEE POSTPONEMENT/PAYMENT BY INSTALMENT
Students who pay for their studies can apply for:
– Postponement of tuition fee for the semester for no later than December 1 in the Autumn semester and May 1 in the Spring semester;
– Semester tuition fee payment by instalments – paying no less than 30 % of the semester tuition fee before the first month of each semester and dividing the remaining sum to one or two instalments which have to be paid before December 1 in the Autumn semester and May 1 in the Spring semester.
Applications for both of the options are only available form the second year of the studies for those admitted via the admission system at apply.vu.lt. Applications are welcome during the first month of each semester via the eStudent environment.
TUITION FEE REDUCTION & COMPENSATION
– For students actively engaged in scientific research at the University, for one semester.
Up to 100 % of the semester tuition fee could be reduced for the students who are champions or prize winners of the world or European student research contests, co-authors of inventions patented by the European Patent Office (EPO), the United States Patent and Trademark Office (USPTO), or the Japan Patent Office (JPO).
From 30 % to 90 % of the tuition fee could be reduced for students, who are champions or prize winners of Lithuanian research contests.
– For students actively engaged in cultural activities at the University for the period no less than two years, for one semester.
From 30 % to 90 % of the fee could be reduced for students, who as members of the University’s performance art groups, have represented the University and become winners of awards and prizes at international and national music, theatre, choir, folklore contests or festivals.
– For students actively engaged in sports and so representing the University, for one semester.
Up to 100 % of the fee could be reduced for sportsman students if they are members of or candidates to the national Olympic team, world champions and prize winners in adult or youth competitions of their chosen branch of sport, European champions and prize winners, champions and prize-winners of world student championships.
From 30 % to 90 % of the fee could be reduced for students, who are champions and prize winners of Lithuanian championships, SELL (Baltic Student Games) champions and prize winners, champions of Lithuanian student games, members of Lithuanian national adult and youth teams, members of the University teams.
– For employees of the University (with the possibility to distribute the payments within semesters).
Up to 70 % of the tuition fee could be reduced for employees of the University who have been working at the University part-time or full-time for at least 10 months.
More information regarding the reduction of tuition fees could be found at the Description of the Procedure of Payment, Reimbursement, and Recovery of Tuition Fees at Vilnius University.
Tuition Fee Compensation
– Be eligible for State-Funded study places at Lithuanian higher education institutions (Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA) or the United Kingdom (UK), persons (non-EU/EFTA/UK) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin);
– Have no academic debts;
– Have reached the excellent or typical level of learning achievements.
The list of students who have achieved the best learning outcomes is provided to the State Studies Foundation by the University. Tuition fees are compensated every year. Students granted tuition fee compensation are informed personally and are ought to submit an application for the compensation to the State Studies Foundation. You can get more information by contacting the State Studies Foundation.
TRANSFER TO SATE-FUNDED PLACES
– They are eligible for State-Funded places at Lithuanian higher education institutions (Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA) or the United Kingdom (UK), persons (non-EU/EFTA/UK) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin);
– They comply with the criteria of good study performance;
– There is an available State-Funded place after a student at the same study same field of study, the same form and the same course is expelled from the University, or terminates the studies. In cases like this transfer is proceeded twice a year, during the first month of each semester;
– There is an available State-Funded place after a student in the same field of study, the same form and the same course loses their State-Funded place during rotation. In cases like this, State-Funded places are filled once a year, after the rotation – before 15 October.
Information regarding available State-Funded places is announced by the Academic Core Unit on their website and on the eStudent environment.
The transfer of students to and from State-Funded places is proceeded by each of the Academic Core Units following the temporary Description of the Procedure for the Rotation and Ranking of Vilnius University Students Based on their Learning Outcomes.
More information regarding assessment and rotation could be found here
SCHOLARSHIPS
VU FEBA Admission Scholarship
Ten one-off Scholarships equal to 1000,00 EUR each will be awarded for the most motivated and competent international students applying to the Bachelor's and Master‘s programmes of Faculty of Economics and Business Administration.
The Scholarship is payable directly to the successful applicant after their arrival to study at Vilnius University Faculty of Economics and Business Administration.
Eligibility:
Candidate from any foreign country will be awarded after successful admission procedure and motivation interview to any Bachelor's and Master‘s study programme at Vilnius University Faculty of Economics and Business Administration. The ranking of best students will be made after motivation interview where students get points depending on their grades, motivation to study in Lithuania, Vilnius University and chosen study programme. If different students get same score, then grades average is compared, if also coincides the higher motivation score will be evaluated. To get the scholarship students must pay first tuition fee for their studies.
Scholarships To Get During the Study Period
All students of the University can apply for different scholarships during the study period. The way these scholarships are disbursed is stipulated by the Vilnius University Scholarship Regulations and the Lithuanian Law. More information
Incentive Scholarship – a monthly scholarship for students with excellent learning outcomes. The scholarship is granted for students every semester for the results of the previous semester – in March for the results of the Autumn semester and in October – for the results of the Spring semester.
The provided amount (60,00 EUR or 100,00 EUR) depends on the learning outcomes (the student's place in the rank of students each semester). Around 10 % of the course students get the incentive scholarship.
One-Off Social Scholarship – a scholarship, provided in the case of financial problems caused by such unfortunate events as the illness of the student or a family member, the death of a relative, natural disaster and so on. Applications for the scholarship can be filled at the eStudent environment anytime throughout the study period.
The size of the scholarship (from 80,00 EUR to 480,00 EUR) highly depends on how difficult the situation is to the applicant.
One-Off Earmarked Scholarship – a scholarship granted for students with relevant achievements in sports, cultural and scientific/social activities. The application for the scholarship with the required documents could be submitted to the eStudent environment until 25 March in the Spring semester and until 25 October in the Autumn semester.
The size of the scholarship (form 40,00 EUR to 600,00 EUR) depends on the achievements.
Nominal Scholarship – a scholarship granted for students based on certain fields of activity for their achievements or contributions in these fields. The grounds and principles of granting nominal scholarships are established in the regulations of a specific nominal scholarship and/or support agreement. Please contact the Academic Core Unit where you study to find out your options.
Social Scholarship – a scholarship (260,00 EUR) provided by the State Studies Foundation granted for students who meet at least one of these requirements:
– If they come from a family with a difficult financial situation;
– If their working ability is reduced to 45 % or more;
– If they are not older than 25 and have been granted guardianship before their full legal age.
You can only be granted the social scholarship if you as well are a citizen of a European Union (EU) of European Free Trade Association (EFTA) member country, or if you are an international student (citizen of non-EU or non-European Economic Area country) and have been granted permanent residency in Lithuania (not applicable for foreigners of Lithuanian origins).
The applications for social scholarships have to be submitted to the State Studies Foundation from the 15 September until 10 October in the Autumn semester and from 20 January until 20 February in the Spring semester. Please contact the State Studies Foundation for more detailed information.
Support for Foreigners of Lithuania
Social Scholarship – provided for students in a tender row based on the study programme and the year of studies, the form of the studies and the achievements. The scholarship (130,00 EUR) is granted each semester and is disbursed every month.
Social Disbursement – granted for foreigners of Lithuania who meet one of these requirements:
– Students of age 26 and under, whose both parents or guardians are dead (319,00 EUR);
– Students of age 26 and under, whose one of parents or guardians is dead (261,00 EUR);
– Students of age 26 and under, whose one of parents or guardians has a disability (232,00 EUR);
– Students of age 26 and under, who come from large families where at least 3 underage children or young adults (of age 26 and under) are enrolled on formal education programs (203,00 EUR).
The applications for social scholarships and social disbursements have to be submitted to the State Studies Foundation until September 30 in the Autumn semester and February 20 in the Spring semester. Please contact the State Studies Foundation for more detailed information.
State Scholarship for the Lithuanian Language and Culture Courses
Education Exchanges Support Foundation takes pleasure in offering Lithuanian state scholarships for students, lecturers and researchers of foreign countries to attend Lithuanian language and culture courses.
More information.
For Students
Students of this program choose their own places for internships, but the faculty, in cooperation with various business companies and state institutions, offers the opportunity to carry out internships according to signed partnership agreements. In the table you will find information about the opportunities for this study program and contacts where students can apply for internships directly.
|
|
|
