ISM University of Management and Economics
About
ISM University of Management and Economics is an AACSB-accredited private business school in Vilnius, teaching business, economics, IT, and social sciences from €6,380/year with IELTS 6.0 entry. As an EU/Schengen diploma, it lets graduates work across 27 countries, with 20 hours/week of work rights already included during studies.
Vilnius is a compact capital with genuine cultural ferment—street art, independent cinemas, late-night bookshop readings, and a cafe culture that runs deep. It's significantly cheaper than Western European capitals but feels as intellectually alive. Winter temperatures drop, but the old town's medieval lanes offer natural shelter.
Application deadlines
- SeptemberMay 31
Visa-required non-EU applicants. Early deadline Apr 30.
- SeptemberJul 24
CIS/visa-free applicants.
- SeptemberAug 14
Additional intake round.
Frequently asked questions
How much does it cost to study at ISM University of Management and Economics as a non-EU student?
Tuition for non-EU students at ISM University of Management and Economics is €6380 per year. Living costs in Vilnius are separate.
What IELTS score do you need for ISM University of Management and Economics?
English-taught programmes at ISM University of Management and Economics typically require IELTS 6 or equivalent. Confirm the exact requirement per programme on the official admissions page.
How much money do you need to show for a student visa to Lithuania?
For a student residence permit in Lithuania you must prove €8,071 per year (2026, Migration Department + Government Resolution No. 700: https://www.migracija.lt/en/esu-studentas1).
Does ISM University of Management and Economics offer scholarships?
State-funded places allocated centrally. Scholarship details at studyinlithuania.lt. SKVC credential recognition required.
Where is ISM University of Management and Economics located?
ISM University of Management and Economics is in Vilnius, Lithuania. Gedimino pr. 7, LT-01103 Vilnius, Lithuania
What can you study at ISM University of Management and Economics?
Fields offered include: Business, Economics, Computer Science, Social Sciences.
Accommodation
No ISM-managed dorms. Private rental in Vilnius €400–700/mo. Contact accommodation@ism.lt.
SourceScholarships
- 🏛State-funded study places (LAMA BPO / Ministry of Education)
State-funded places allocated centrally. Scholarship details at studyinlithuania.lt. SKVC credential recognition required.
National funding for this destination
Honestly
Why this works
- AACSB-accredited private business school in Vilnius — one of the most selective international accreditations in management education.
- Bachelor tuition starts at €6,380/year, well below comparable private business schools in Western Europe.
- IELTS 6.0 minimum for bachelor entry is accessible for most CIS applicants without extensive test preparation.
- Lithuania is EU/Schengen — graduates receive an EU diploma and can work across 27 countries after studies.
- Students on study residence permits can work 20 h/week during term and full-time during holidays with no separate work permit.
- Vilnius private room costs €200–400/month, making monthly living costs well below EU capitals like Amsterdam or Berlin.
What to check
- ISM is a private university with limited name recognition outside the Baltic region — employers in CIS or beyond may not know the brand.
- No university dormitory: students must find private housing independently in Vilnius competitive rental market.
- Master programmes run in evening/weekend format, designed for working professionals — full-time international students may find the pace and visa logic complicated.
- Master IELTS requirement rises to 6.5 with each sub-band at least 6.0, which is stricter than the bachelor entry threshold.
- Vilnius is a small capital — English-language job market is narrow, limiting part-time work options relevant to business or IT fields.
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These fields in the country
Tuition and deadlines change with each academic year — the date beside the figures says when we last confirmed them on the official source. Visa rules are set by governments and can change between our checks.
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