ISM University of Management and Economics is a private college in Vilnius, Lithuania. It was established in 1999 and offers undergrad, graduate, and postgraduate programs in business, management, and economics. The college features a solid center on internationalization and has over 1,800 understudies from over 80 countries.
ISM University is accredited by the Lithuanian Accreditation Committee and may be a part of the European Foundation for Management Development (EFMD). The college is also ranked among the best 100 trade schools in Europe by the Monetary Times.
Courses, Fees, Eligibility
| Course | Fees (first year) | Eligibility |
|---|---|---|
| Undergraduate | ||
| Business Administration | INR 27.2 lakhs | 12th grade or equivalent with a minimum of 60% in English, Mathematics, and any other two subjects. |
| Computer Science | INR 27.2 lakhs | 12th grade or equivalent with a minimum of 60% in English, Mathematics, and any other one subject. |
| Engineering | INR 27.2 lakhs – INR 28.6 lakhs | 12th grade or equivalent with a minimum of 60% in English, Mathematics, and Physics. |
| Postgraduate | ||
| Master of Business Administration (MBA) | INR 14.2 lakhs – INR 29.5 lakhs | Bachelor’s degree in any discipline with a minimum of 55%. |
| Master of Science (MSc) | INR 14.2 lakhs – INR 29.5 lakhs | Bachelor’s degree in a related discipline with a minimum of 60%. |
| Postgraduate Certificate (PGCert) | INR 6.5 lakhs – INR 13 lakhs | Bachelor’s degree in a related discipline with a minimum of 60%. |
University Ranking
- Financial Times Global MBA Ranking: ISM University is ranked 98th in the world and 28th in Europe.
- QS World University Rankings: ISM University is ranked 601-800 in the world.
- Eduniversal Best Masters Ranking: ISM University is ranked 1st in Lithuania and 151st in the world for its MBA program.
- CEO Magazine Global MBA Ranking: ISM University is ranked 103rd in the world.
- Ivy Exec Global MBA Ranking: ISM University is ranked 28th in Europe and 6th in Europe for life balance, 8th in Europe for global experience, and 9th in Europe for career advancement.
ISM University also has a number of other rankings, including:
- Trendence University Ranking: ISM University is ranked among the top 10 universities in Germany for lecturer quality, jobs and digital learning, career opportunities, and service and advice.
- CHE Excellence Ranking: ISM University is ranked among the top 10 universities in Germany for its business administration program.
- AMBA: ISM University is an accredited member of the Association of MBAs (AMBA).
Important Dates
- Application deadline for Fall semester: April 15th
- Application deadline for Spring semester: November 15th
- Orientation for new students: Late August/Early September (Fall semester) and Late January/Early February (Spring semester)
- Start of the Fall semester: September 1st
- Start of the Spring semester: March 1st
- End of the Fall semester: December 15th
- End of the Spring semester: June 15th
- Examination period: Late October/Early November (Fall semester) and Late March/Early April (Spring semester)
- Visa application deadline: July 15th (for Fall semester) and December 15th (for Spring semester)
- Arrival in Lithuania: At least 2 weeks before the start of the semester
- Registration: Within the first week of the semester
Admission Process
- Submit an online application form.
- Pay the application fee.
- Provide the required documentation, such as your school transcripts, standardized test scores, and letters of recommendation.
- Take the ISM admission test.
- Attend an interview, if required.
Undergraduate programs
- School leaving certificate qualifying you to study at a higher education institution.
- Proof of language skills (minimum level B2) of the respective language of instruction English or German.
- Curriculum vitae (CV).
- Copy of your national ID card.
- Digital passport photo.
- Letter of motivation.
Graduate programs
- Master’s degree or equivalent qualification.
- Proof of language skills (minimum level B2) of the respective language of instruction (English or German).
- Curriculum vitae (CV).
- Copy of your national ID card.
- Digital passport photo.
- Letter of motivation.
- Two letters of recommendation.
Cut Offs
| Program | Cut-off (Lithuanian citizens) | Cut-off (Foreign citizens) |
|---|---|---|
| Business Administration | 85 | 70 |
| Economics | 80 | 65 |
| Finance | 80 | 65 |
| Marketing | 75 | 60 |
| International Business | 80 | 65 |
| Management Information Systems | 75 | 60 |
Placement
- ISM University has a strong placement record. In the 2022 graduating class, 98% of students were placed within 6 months of graduation. The average starting salary for ISM University graduates is €3,000 per month.
- The university has a dedicated placement team that works with students to develop their job search skills and help them find suitable employment. The team also organizes networking events and career fairs to help students connect with potential employers.
- SM University graduates are also successful in starting their own businesses. In the 2022 graduating class, 2% of students started their own businesses within 6 months of graduation.
- Overall, ISM University has a strong placement record and its graduates are well-positioned for success in the job market.
Here are some of the factors that contribute to the strong placement record of ISM University:
- Strong focus on practical learning: ISM University has a strong focus on practical learning and its students have the opportunity to participate in internships, exchange programs, and other experiential learning opportunities. This gives them the skills and experience that employers are looking for.
- Partnerships with leading companies: ISM University has partnerships with leading companies in Lithuania and around the world, which gives its students the opportunity to network with potential employers.
- Career development services: ISM University offers a variety of career development services to its students, including resume writing workshops, mock interviews, and career counseling. These services help students to develop their job search skills and increase their chances of getting a job.
- Alumni network: ISM University has a strong alumni network that can help students find jobs and get advice on their careers.
Scholarships
Tuition Assistance Grant: This scholarship is granted to understudies with money related require. The sum of the grant shifts depending on the student’s budgetary require.
Dean’s Opportunity Grant: This scholarship is awarded to understudies with outstanding academic execution. The sum of the scholarship is up to €5,000.
Ladies in Trade Grant: This scholarship is granted to ladies who are inquisitive about seeking after a career in commerce. The sum of the grant is up to €2,000.
Next Step Scholarship: This scholarship is granted to understudies who have illustrated administration and community inclusion. The sum of the grant is up to €1,000.
Publication Scholarship: This scholarship is granted to understudies who have distributed an scholastic paper or article. The amount of the scholarship is up to €500.
Notable Alumni
- Mantas Katkevičius: He is the CEO of Swedbank Lithuania. He is a graduate of the MBA program at ISM University.
- Diana Žiliūtė: She is the CEO of the Lithuanian Chamber of Commerce. She is a graduate of the MBA program at ISM University.
- Marius Dubnikovas: He is the founder and CEO of the tech company LightOn. He is a graduate of the Master of Science in Management Information Systems program at ISM University.
- Diana Andriukaitytė: She is the founder and CEO of the social enterprise Socialinis Supermarketas. She is a graduate of the Master of Business Administration program at ISM University.
- Egidijus Bardauskas: He is the founder and CEO of the investment firm Baltic Horizon Capital. He is a graduate of the Master of Business Administration program at ISM University.
FAQs?
The tuition fees for ISM University vary depending on the program you are applying for and your nationality. However, the average tuition fees for an undergraduate program are around €10,000 per year.
The student life at ISM University is vibrant and diverse. The university has a number of student clubs and organizations, as well as a variety of social and cultural events. Students also have the opportunity to participate in internships and study abroad programs.
You can contact ISM University by phone, email, or social media. The contact information is available on the university’s website.
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