Since starting its activities in 1999, ISM University of Management and Economics had one aim from the very beginning – to offer innovative, qualitative studies and training of management and economics for creative, ambitious young persons and already experienced business managers.

Top reasons to study here

  • First private university in Lithuania.
  • All levels of studies: Bachelor, Master and Doctoral studies.
  • Exchange and double degree programmes at over 100 universities in 40 countries worldwide.

Master's Programmes

Business & Management (4)
Natural Sciences & Mathematics (1)
Social Sciences (1)



The predecessor of ISM was the Business Training Centre, a well-known executive training institution in Lithuania. It was founded in 1995 by the BI Norwegian Business School and Kaunas University of Technology. ISM University of Management and Economics was established in Kaunas in 1999 as the first privately owned institution of management education in Lithuania. 


ISM study programmes successfully combine theoretical and practical knowledge. Many of the scientists working here are acknowledged practicians, thus they are well aware of the problems that modern business faces and of the knowledge required to solve them. University teachers are also pursuing active academic activities through researching the phenomena of management in the states of the Baltic Region – ISM is one of the initiators of the Baltic Journal of Management. The University actively participates in the activities of international science organisations, where it exchanges up-to-date knowledge and experience with partners.


ISM University of Management and Economics aims at new knowledge and ideas development and communication to create future perspectives in economics, politics and business. The internationally oriented research is committed to excellence, addressing the evolving challenges of society, economy and corporate sector, aiming at wider impact and delivery of public benefit. Research groups are focused on areas relevant to governments, economies, businesses, locally and regionally, and contribute to the development of research-based education, supporting blended learning opportunities. 


Career Centre is the link connecting students and graduates of ISM with business community, state institutions and organizations. Students are encouraged to start planning their career from the first study years at the university in order to be able successfully use their connections with companies and professional world after graduation.

Career Centre:
  • consults students who are looking for internship or work, offers and together discusses possible alternatives and strategies of the search;
  • helps students to prepare a professional CV and write first cover letter;
  • publishes internship and work proposals, actively invites students to take part in various competitions and projects;

Apply through Studyportals

Why Apply to this University?

  • Study at the first business-oriented university in Lithuania, which ranks in Top 200 Business Universities worldwide.

  • ISM has the best International Masters in the Baltic region, which combine the newest knowledge with the global tendencies in management.

  • Get trained by lecturers and consultants that aim for the highest quality in their work.

  • Select from 8 English-taught Masters in Business and Management, and Natural and Social Sciences.

  • Masters take between 1 and 2 years to complete, in an innovative and modern study environment, with a curriculum that integrates the life-learning concept.

  • You can join one of the 12 student organizations, including ISM Debate Club, ISM Investors Club, and ISM Consulting Club.

  • More than 200 in-company trainings and open trainings will help you develop your competences, acquire new knowledge and skills, as well as grow professionally and personally.

  • Benefit from career counselling services to find the right pathway to the international business environment.

  • Master's courses typically start in September. You can apply to a graduate degree in 2 rounds. The main admissions are open between March and July. There's an additional admission session at the end of July.

  • Tuition fees at ISM University of Management and Economics start at 4950 EUR/year, for both EU and Non-EU students. Tuitions may change slightly from one year to the next.

Why Apply through Studyportals?

As a trusted application partner of ISM University of Management and Economics we make sure you can apply easier to programmes from this university. By applying through Studyportals, you get dedicated application counselling, the option of applying to multiple programmes and better chances of being accepted to your programme. You can apply anytime and let us worry about the deadlines.

How to Apply?

Select a programme offered by ISM University of Management and Economics and start the application process. You will have to answer a few questions about who you are and what you want to study and create your application account. After you load your required application documents, you will be contacted by one of our application counsellors. The counsellor will make sure you’ll have the best chances of getting into the university. Finally, Studyportals will apply on your behalf.


Housing services

We are pleased to welcome new students at ISM and we are willing to help you to find the accommodation during the study period.

Please be aware that ISM does not have its own dormitories, but for the convenience of students ISM has made contract with “Capital Property” real estate agency which mediates with hostels/flats owners and helps to find the best accommodation solutions for ISM students.

Other Housing Options:

  • Your own apartment
  • Shared apartment
  • Long term stay at Corner hotel

Library services

ISM library makes it easier, more comfortable and fun to learn, search for information, prepare for examinations and create new projects. It comprises different rooms: general reading-room, group work room and quiet room.

In the library funds you will find the newest and time tested collection of scientific and popular management, economics, finance, marketing books and books on other topics.

Student Life

Campus life

Southern architecture under the northern sky, the Vilnius amphitheatre nestled among hills interspersed with groves and green areas, summer cumuli and autumn haze – all this provides breathtaking views and radiates the spirit of the freedom and individuality of Europe. Having almost 70,000 students attending seven universities, numerous art galleries, bustling festivals and leisure activities, Vilnius is the cultural center of the Baltic region. Vilnius is a city with a rich history and one of the biggest old towns in Northern Europe. Because of its uniqueness, the Old Town of Vilnius was added to the UNESCO World Heritage List. And ISM is right in the middle of old town!

Student clubs

We aim at helping the students to find their area of interest not only in the academic context, but also outside the university hours. ISM students have an opportunity to join one or several student organizations and realize themselves by becoming an active part of a student society.

Student Reviews

Economics and Politics studies
Anonymous rated 5 out of 5 stars
I am very happy that I studied Economics and Politics program at ISM University because studies were very interesting and lecturers were very professional.
You must choose the right subjects or you'll have overlappin...
Anonymous rated 5 out of 5 stars
You must choose the right subjects or you'll have overlapping schedule. like me..
In my university you have to work harder than other universi...
Anonymous rated 4 out of 5 stars
In my university you have to work harder than other universities in Lithuania, and they do not make differences between erasmus exchange students and local students.