Financial Management - MRU

Financial Management

Field of study Economics
National Code 6211LX065
Degree awarded Master of Finances
Duration 1,5 years
Language English
Tuition fee €4384 per one academic year (2024-2025)

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?  

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.

Conduct your studies in English and gain understanding of the international finance management. To take full advantage of this course, you will be required to know English at B2 level. Learn from eminent professors and lecturers that cover the theoretical knowledge and from practitioners that 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 programme 

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 in Europe, in one of the best universities in Lithuania. At MRU, you will also find a low tuition fee, making this master degree even more enticing. We also have scholarships for master studies available at our university. You can find more information on scholarships available here 

Check out more information on Financial Management lecture content below and decide if this program is best for you. Contact us if you have more questions. If not, hit that Apply now button and get your degree started!

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Relevant information
Study Content

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.

Study Organization

Lectures are held on weekdays from 6:00 PM to 9:00 PM (twice a week) and every other Saturday (duration about 6 hours), combining auditorium and online lectures.

If some students will not be able to arrive on time due to serious reasons (ex. prolonged TRP application procedure), they will be able to join the courses online for the first semester.

 
Learning Outcomes

Second cycle study program Financial Management general competences and 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.
Admission Steps
  1. Choose a study programme
  2. Fill in the application form at apply.mruni.eu
  3. Pay the non-refundable application fee (for non-EU citizens – 100 euros, for EU-citizens and MRU alumni – 50 euros)
  4. Receive your application evaluation results
  5. Confirm your acceptance by paying the first-year tuition fee and 50 euros registration fee (non-refundable)
  6. Sign the study contract
  7. Start Temporary Residence Permit application procedure
  8. Register to studies
Admission Requirements

Required documents:

  • Bachelor degree or equivalent first university degree diploma (3-year study duration minimum)
  • Academic transcripts of each study year
  • Document proving English language level
  • Motivational letter
  • Passport copy

Additional educational documents might be required depending on the country of residence.

Provided documents must be in color, have no cut corners (high quality scan).

By submitting the documents applicant agrees for one’s information to be shared with other institutions that the University might refer to while processing the academic verification.

Applicants might be required to take entrance examination.

English Language Requirements

Required level – B2

Assessments of English language proficiency certificates equivalent to level B2:

  • TOEFL IBT 65-78
  • IELTS 5.0-6.5
  • DUOLINGO 100-125

If you do not have a certificate proving your English language proficiency level, you can take the University Online English language level test. You will be able to choose this option while filling in the application. The test is free of charge.

Certificate is not required if your native language is English or if your previous studies were conducted fully in English language.

Documents Legalization
  • If the original educational documents/transcripts are in English, Lithuanian or Russian with an apostille (if required) on the scanned original, no translation needed.
  • If original educational documents/transcripts are not in English, Lithuanian or Russian languages, then they have to be supplemented with an official translation.
  • The official translation has to be confirmed with the sworn translator’s signature or official notarization.
  • Accepted students shall present their original educational documents/transcripts to the International Office upon arrival to begin their studies.
Country Specific Requirements

Detailed information here.

Country

Documentation requirements

Cameroon

Higher Education Qualifications

 

  1. Diploma
  2. Official Academic Transcript (original or certified true copy) scanned and e-mailed from official university registrar’s email address to recognition@mruni.eu or posted directly to the Mykolas Romeris University (International Admissions, Ateities str. 20, LT-08303 Vilnius, Lithuania) in a sealed and stamped envelope.

China

Higher Education

  1. Degree Certificate (original or certified true copy)
  2. Graduation Certificate (original or certified true copy)
  3. Academic Transcript (original or certified true copy)
  4. Verification reports in English for the degree certificate issued by the China Academic Degrees & Graduate Education Development Centre (http://cqv.chinadegrees.cn/ )

Please refer to General Documentation Requirements for more information.Please note that all documents issued in Chinese should be supplemented with an official translation into English, Russian, or Lithuanian. A translation is considered to be official when it is bound to a certified true copy of the document in the original language and is attested by the translator’s signature.

Congo (Democratic Republic of)

Higher Education Qualifications

 

  1. Diploma
  2. Official Academic Transcript (original or certified true copy) scanned and e-mailed from official university registrar’s email address to recognition@mruni.eu or posted directly to the Mykolas Romeris University (International Admissions, Ateities str. 20, LT-08303 Vilnius, Lithuania) in a sealed and stamped envelope.

Ghana

Higher Education Qualifications

 

  1. Diploma
  2. Official Academic Transcript (original or certified true copy) scanned and e-mailed from official university registrar’s email address to recognition@mruni.eu or posted directly to the Mykolas Romeris University (International Admissions, Ateities str. 20, LT-08303 Vilnius, Lithuania) in a sealed and stamped envelope.

India

Higher Education Qualifications

 

  1. Apostilled original degree certificate of 4 years minimum
  2. Apostilled original consolidated mark sheet of 4 years minimum

Nigeria

Higher Education Qualifications

 

  1. Diploma
  2. Official Academic Transcript (original or certified true copy) scanned and e-mailed from official university registrar’s email address to recognition@mruni.eu or posted directly to the Mykolas Romeris University (International Admissions, Ateities str. 20, LT-08303 Vilnius, Lithuania) in a sealed and stamped envelope.

Pakistan

Higher Education Qualifications:

  1. Diploma attested by the Higher Education Commission and the Ministry of Foreign Affairs
  2. Full Academic Transcript attested by the Higher Education Commission and the Ministry of Foreign Affairs

South Korea

Higher Education

  1. Certificate of Graduation and Transcript posted directly to our office by the higher education institution in a sealed and stamped envelope.

United States

Higher Education

  1. Diploma;
  2. Official academic transcript submitted in a sealed and stamped envelope;
Qualification Recognition

Recognition of Foreign Qualifications

  • The evaluation and recognition of prior qualifications is a part of Mykolas Romeris University (MRU) admissions process.
  • By submitting the online application you confirm that the documents are legitimate and that MRU can verify the authenticity of the documents by contacting its issuing authority and national ENIC/NARIC centre.
  • Documents uploaded must be in good condition and in full colour. Documents issued in languages other than English, Russian, or Lithuanian must be accompanied with an official translation into English or Lithuanian. 
  • Before you apply make sure that you have a complete documentation package and that your qualifications are giving access to higher education according to the study programme level you are applying for at the MRU.  

Recognition Criteria

  • The purpose of an assessment is to compare a foreign qualification with a similar level qualification awarded in Lithuania according to quality, profile, content, workloads and learning outcomes.
  • Your qualification will be assessed according to specific requirements for the programme you are applying for and whether your academic results are sufficient for studies at the MRU.

Right to Appeal

Recognition decisions can be appealed against to the Academic Recognition of Foreign Qualifications Concerning Higher Education Appeal Committee under the Lithuanian Ministry of Education and Science.

All appeals with supporting documents must be submitted to:
Centre for Quality Assessment in Higher Education
Ph.: +37052104778
Email: recognition@skvc.lt 
Address: SKVC, A. Goštauto st. 12, LT-01108, Vilnius, Lithuania

The procedure of evaluation and recognition of academic qualifications

 

Fees

Application fee (non-refundable):

  • for Non-EU citizens – €100
  • for EU citizens and MRU Alumni – €50

Registration fee (non-refundable):

  • €50

Tuition fee (EU/Non-EU citizens) per 1 academic year: €4384 (academic year 2024-2025).

Payment information will be provided in the invoices issued in your online application form.

Student continues to pay the same tuition fee which was implied at the time of the admission.

Contact Us
International Admissions Office
Didlaukio str. 55, LT-08303 Vilnius, Lithuania

E-mail: study@mruni.eu
Phone: +370 5 271 4700
WhatsApp: +370  6 564 6682
Office: L-305

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