Master in Financial Management
Vilnius, Lithuania
DURATION
1 up to 2 Years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
19 Aug 2024*
EARLIEST START DATE
01 Sep 2024
TUITION FEES
EUR 4,384 / per year
STUDY FORMAT
On-Campus
* for EU/EFTA applicants | June 17th - for non-EU applicants
Introduction
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 investment?
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 programs, 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 competencies in financial and management accounting, taxes, state and municipal finances, corporate and personal financial management, project financial management, risk management, financial control, and audit.
Conduct your studies in English and gain an understanding of international finance management.To take full advantage of this course, you will be required to know English at the B2 level. Learn from eminent professors and lecturers who cover the theoretical knowledge and from practitioners who already work in the financial field. All this knowledge can be acquired without sacrificing your career: our lectures take place in the evenings and online so that our students can maintain a job or an internship. Additionally, you can choose to study abroad and have your internship in your chosen country through our Erasmus+ mobility program.
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 public administration. Alumni of the program successfully work at Lithuanian banks and financial centers (Danske Bank, Western Union, Swedbank), provide advice to presidential staff, in various businesses, and have started their businesses.
Study in Europe, at one of the best universities in Lithuania. At MRU, you will also find a low tuition fee, making this master's degree even more enticing.
Admissions
Scholarships and Funding
MRU seeks to ensure that all of our students receive high-quality education regardless of their financial situation, therefore, please find all the available scholarships for prospective international students listed below.
Note:
- All the listed scholarships are funded either by the Government of Lithuania or Mykolas Romeris University
- There might be additional funding from students’ countries of origin
- All EU citizens can apply for state-funded studies
- Scholarships for current international students are listed here
State scholarships for full-time master degree studies
Each year, the Education Exchanges Support Foundation opens applications for Lithuanian state scholarships for international full-time Master’s degree students accepted at Lithuanian higher education institutions.
The scholarship includes a monthly stipend and a grant covering study costs.
Curriculum
| Course units | ECTS credits |
| 1st YEAR | 60 |
| 1 SEMESTER | 30 |
| Compulsory course units | 30 |
| Accounting* | 3 |
| Fundamentals of Law* | 3 |
| Financial and Management Accounting | 6 |
| Direct and Indirect Taxes | 6 |
| Application of Innovative Technologies in Finance | 6 |
| State and Local Government Finance | 6 |
| Corporate and Personal Finance Management | 6 |
| 2 SEMESTER | 30 |
| Compulsory course units | 24 |
| Research Methodology | 6 |
| Financial Control and Audit | 6 |
| Econometric Modelling and Forecasting | 6 |
| Master Thesis | 6 |
| Alternatively elective course units | 6 |
| Project Cost Management | 6 |
| Start-ups Investment Modelling | 6 |
| 2nd YEAR | 30 |
| 3 SEMESTER | 30 |
| Compulsory course units | 24 |
| Master Thesis | 24 |
| Alternatively elective course units | 6 |
| Big Data Analysis | 6 |
| Economic and Financial Behavior | 6 |
* – Course units are compulsory for students who have not studied it during their bachelor’s studies.
Program Outcome
Second cycle study program Financial Management general competencies and learning outcomes
General Competencies and Learning Outcomes
- 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 ethical 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 by professional ethics and social responsibility.
Subject-specific competencies and learning outcomes
- 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 decision-making in the changing business environment, traditional, global, and network organizations.
- 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 the functioning of financial systems, public, business, and tax management, and making comprehensive financial decisions.
- 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 analyze, 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 an expert evaluation of finance and inter-disciplinary areas.
- Special Abilities
- Ability to plan and perform a comprehensive financial analysis and assessment of a business or public organization 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.
Program Tuition Fee
Career Opportunities
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 public administration. Alumni of the program successfully work at Lithuanian banks and financial centers (Danske Bank, Western Union, Swedbank), provide advice to presidential staff, in various businesses, and have started their businesses.