18 months
3900 EUR/year
2608 EUR/year
Tuition fee
Apply date
Start date


The Finance Engineering at Vilnius Gediminas Technical University is a one and a half year long (3 semesters) master's degree programme. Programme is taught in study cycles, when student study only one subject at a time. 

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To prepare Masters of finance, who would be able to apply the knowledge of finance science and practice in forming, evaluating and independently making effective financial decisions, based on systematic, critical and constructive thinking and scientific argumentation, assimilated scientific quantitative and qualitative knowledge and interaction terms and their dependence on various conditions, as well as able to integrate and apply the complex of financial theory, financial process management and financial engineering that includes finance, economics and other sciences and technology progress.  

What will students learn?
  • Theoretical and practical knowledge in the field of value engineering and investment management, how to solve tasks of the value creation and understand that added value creation in the product or service initial stage is possible just when all interested parts participate: customer, purveyor, national and international partners, national organisational legal intellect, as well as business intellect, which creates product or service.
  • How to apply investment management principles, methods, tasks and possible problems resolution based on the results of fundamental and applied scientific researches, revealed in investment theory and practice, is able to use acquired knowledge providing investment ways, purposes and strategies.
  • How to create benefit for himself and others, to apply acquired knowledge and practical skills to rate the value of property, business and ideas, to solve of other value tasks and problems, useful to person, business, nation, and to use the achievements of modern fundamental and applied researches in the field of value engineering applying all in his practical work.
Exchange period abroad

Faculty of Business Management offers excellent opportunities for all students wishing to study at a foreign partner universities. Currently, the faculty have more than 120 contracts with Universities in 23 European countries, bilateral agreements with American, Asian universities, which include more than 150 seats for exchange students every year.


Graduates of the Finance Engineering programme at  Vilnius Gediminas Technical University  can work in international and national organizations, banks and financial institutions as finance specialist, is able to accomplish scientific and applied researches independently, to apply them, form and make reasonable finance decisions in fields of personal finance and business finance management, investment and value engineering, has the access to Doctoral studies.

Programme Structure

Courses include
  • Quantitative and Expert Solution Methods
  • Methodology of Scientific Research 
  • Financial Systems 
  • Risk Engineering
  • Payment Industry
  • Engineering of Profit and Risk

Key information


  • Full-time
    • 18 months

Start dates & application deadlines


IELTS or TOEFL needed


90 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
5.5 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
70 (required)
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.

Other requirements

General requirements

  • Applicants information in the application system;
  • Certificate of Education (Secondary/ Undergraduate degree, etc) including Grades;
  • Curriculum Vitae;
  • English proficiency certificate;
  • A Copy of Passport;
  • Documents needed after acceptance:
  • Medical Certificate (including AIDS test);
  • Certificate from a foreign bank and notarized letter of guarantee from parents/sponsors along with a document about their financial abilities (present to Lithuania Embassy).
  • Non conviction/Police Clearance certificate from countries of residence in last two years (needed for TRP application)

Tuition Fee

  • International

    3900 EUR/year
    Tuition Fee
    Based on the original amount of 3900 EUR per year and a duration of 18 months.
  • EU/EEA

    2608 EUR/year
    Tuition Fee
    Based on the original amount of 2608 EUR per year and a duration of 18 months.


VGTU offers tuition fee free places for Bachelor's and Master's degree studies in academic year 2019-2020! 

Best International students applying to the first year of Master’s degree studies at VGTU can be awarded a scholarship (tuition fee free place) for the academic year 2019-2020. Students can submit their applications until 1st of June, 2019.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Our partners

Finance Engineering
Vilnius Gediminas Technical University