Financial Management - MRU

Financial Management

Field of study Economics
National Code 6211LX065
Degree awarded Master of Finances
Duration 1,5 years
Language English

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
Due to the delay in visa issuance and related procedures, the courses of the autumn semester will be delivered online in a hybrid mode starting from the 2nd of September following the published schedule until the end of October. When all students (100%) in the program arrive in Lithuania, the hybrid mode of course delivery will be switched to face-to-face or mixed study mode if this mode is envisaged in the program. If you are unable to arrive until the end of October, you are encouraged to contact a relevant academic department for a personal evaluation of your situation and permission to continue your studies online until you can arrive to Lithuania.
Full-time studies on Campus are organized on weekdays from 18:00 to 21:00 combining auditorium and online lectures.
Study Results

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 of 100 euros
  4. Receive your application evaluation results
  5. Confirm your acceptance by paying the first-year tuition fee
  6. Sign the study contract and receive your admission letter
  7. Start visa 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.

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 Paper 513-547
  • TOEFL IBT 65-78
  • IELTS 5.5-6.0

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
Armenia Mijnakarg Yndhanur Krtoutian Attestat

 

  1. Mijnakarg Yndhanur Krtoutian Attestat
  2. Document of Unified State Examination Results (Единые госэкзамены) for admission to higher education institutions in Armenia
Azerbaijan                 Orta təhsil haqqżnda attestat

 

  1. Orta təhsil haqqżnda attestat
  2. Official results of the state examination for admission to higher education institutions in Azerbaijan organised by TQDK or DIM
Bangladesh Higher Secondary Certificate

 

  1. Higher Secondary Certificate
  2. Academic Transcript of the Higher Secondary Certificate
  3. Secondary School Certificate
  4. Academic Transcript of the Secondary School Certificate
Belarus Atestat

 

  1. Atestat (атэстат аб агульнай сярэдняй адукацыi);
  2. a letter issued by the school providing information on the results of the passed school leaving examinations.
Cameroon

General Certificate of Education

 

  1. Original General Certificate of Education (ordinary and advanced levels).
  2. the official statement of General Certificate of Education (ordinary and advanced levels) posted directly to Mykolas Romeris University, Ateities str. 20 LT-08303 Vilnius, Lithuania, Lithuania by Cameroon General Certificate of Education Board in a sealed and stamped envelope.
  3. Documents attesting to any periods of post-secondary education (if any).
China Senior Secondary School

 

  1. Senior Secondary School Graduation Certificate issued jointly by the school and local department of education
  2. Academic transcript for the last three years issued by the school
  3. Verification report in English for the Huikao or the new Academic Proficiency Test (Xueye Shuiping Ceshi/Kaoshi) results issued by CHESICC (www.chsi.com.cn/en/)
  4. Verification report in  English for the Chinese National University Entrance Examination (GaoKao) issued by CHESICC (www.chsi.com.cn/en/)

 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.
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) Secondary Education

 

  1. Diplome d’Etat (original)
  2. Bulletin for the last 3 years of schooling (original)
Denmark Secondary EducationBevis for Studentereksamen orBevis for Højere Teknisk Eksamen orBevis for Højere forberedelseseksamen orBevis for Højere handelseksamenPlease note that all documents issued in Danish 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.
Egypt Thanawiyya al-A’aamaI

 

  1. General Secondary Education Certificate (Thanawiyya al-A’aamaI) as issued in Arabic
  2. official General Secondary Education Certificate examination results completed after 12 years of education indicating all the subjects and grades earned issued in English and by the Ministry of Education and legalised by the Lithuanian Embassy in Egypt https://eg.mfa.lt/en (original)
Estonia Gümnaasiumi Lõputunnistus

 

  1. Gümnaasiumi Lõputunnistus
  2. Hinneteleht
  3. Riigieksamitunnistus

Please note that documents issued in Estonian 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.There is no need to apply for recognition of credentials issued starting from 2019 as they are recognised automatically.

France Baccalauréat 

 

  1. Diplôme du Baccalauréat
  2. Relevé de Notes

Please note that all documents issued in French 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.

Ghana Senior Secondary Certificate

 

  1. original WAEC Senior Secondary Certificate (please note that we do not accept certificates issued by third parties, such as schools)
  2. Result Checker Card’s serial number and pin code for us to be able to check your examination results online at ghana.waecdirect.org
India Senior Secondary Examination Certificate

 

  1. Secondary school (X) certificate with mark sheet
  2. Apostilled original senior secondary (XII) examination certificate with mark sheet

Higher Education Qualifications

  1. Apostilled original degree certificate
  2. Apostilled original consolidated mark sheet
International Baccalaureate International Baccalaureate

 

  1. Diploma of the International Baccalaureate
  2. International Baccalaureate programme results certificate
  3. The login details to enable SKVC to check the examination results online at http://www.ibo.org/
Ireland  Leaving Certificate 

 

  1. Leaving Certificate (Provisional certificates are accepted only for current graduates)  
Italy Diploma

 

  1. Diploma
  2. Certifica (Esame di Stato)
  3. A document issued by the school and providing information on the following:
  • detailed grades of final examination (grades by subjects)
  • marks obtained at the end of the last year of schooling (e.g.Pagella scolastica)
Kazakhstan Аттeстат жалпы орта білім туралы   

 

  1. Аттeстат жалпы орта білім туралы
  2. Жалпы орта білім туралыаттeстатка косымша
  3. Ұлттық бірыңғай тестілеу Сертификат (Unified National Testing Results Certificate) or Кешенді тестілеу Сертификат (Complex Testing of applicants Results Certificate)
Kyrgyzstan Жалпы орто билим женунде аттестат (аттестат о среднем общем образовании)

 

  1. Жалпы орто билим женунде аттестат (or other equivalent document)
  2. Appendix (жетишкен бааларынын жыйынтык) to the Жалпы oрто билим женунде аттестат
  3. Document on Results of National Test (Жалпы республикалык тестирлөө/Общее тестирование) rganized by Центр оценки в образовании и методов обучения
Latvia Atestāts par vispārējo vidējo izglītību 

 

  1. Atestāts par vispārējo vidējo izglītību
  2. Sekmju izraksts
  3. Vispārējās vidējās izglītības sertifikāts

There is no need to apply for recognition of credentials issued starting from 2019 as they are recognised automatically.

Nepal Higher Secondary Examination Certificate

 

  1. Original Higher Secondary Examination Certificate attested by the National Examinations Board (NEB) and legalised by the Ministry of Foreign Affairs of Nepal
  2. Original Higher Secondary Examination Academic Transcript attested by the National Examinations Board (NEB) and legalised by the Ministry of Foreign Affairs of Nepal
  3. School Leaving Certificate
  4. School Leaving education academic transcript
Nigeria

Senior School Certificate

  1. WAEC or NECO Senior School Certificate; Please note that we do not accept certificates issued by third parties, such as schools.
  2. Scratch Card serial number and pin code for us to be able to check your examination results online. Your results must be available at www.waecdirect.org or mynecoexams.com/results/
  3. Official Academic Transcript of Higher Education Qualification (post- secondary ND or Bachelor studies at least one year workload).

 

Higher Education Qualifications

  1. Diploma
  2. Official Academic Transcript (original or certified true copy) scanned and e-mailed from official university 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 Secondary Certificate:

 

  1. Higher Secondary School Examination Certificate attested by the Inter Board Committee of Chairmen (IBCC) and the Ministry of Foreign Affairs (original)
  2. Higher Secondary School Examination Certificate Statement of Marks attested by the Inter Board Committee of Chairmen (IBCC) and the Ministry of Foreign Affairs (original)
  3. Secondary School Examination Certificate attested by the Inter Board Committee of Chairmen (IBCC)
  4. Secondary School Examination Certificate Statement of Marks attested by the Inter Board Committee of Chairmen (IBCC)

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
Poland Świadectwo Dojrzałości

 

  1. Świadectwo Dojrzałości
  2. Świadectwo ukończenia
Philippines Secondary Education

 

  1. Diploma supplemented with an Authentication Certificate issued by the Department of Foreign Affairs
  2. Secondary Student’s Permanent Record (Form 137-A) supplemented with an Authentication Certificate issued by the Department of Foreign Affairs
Russia Attestat 

 

  1. Attestat (Аттестат о среднем (полном) образовании)
  2. Appendix to attestat
  3. Certificate Unified State Examination Results Certificate (Свидетельство о результатах единого государственного экзамена)
Georgia (Sakartvelo) Secondary education

 

  1. Secondary School diploma (Sashualo Skolis Atestati) or General Education Diploma (Sruli zogadi Ganatlebis Atestati)
  2. Results of the Unified National Examinations (Ertiani Erovnuli Gamocdebi)
South Korea Secondary Education

 

  1. Certificate of Graduation and Academic Transcript issued in English and sent directly to our office in a sealed and stamped envelope by the school;
  2. Results of the Korean College Scholastic Ability Test (if you have not taken the test, you should notify us).

Higher Education

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

 

  1. Título de Bachiller
  2. An examination certificate (Prueba de Acceso a la Universidad) (if taken)
  3. Academic Certificate (Historial Académico de Bachillerato/Certificación official)

Please note that documents issued in Spanish 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.

Sri Lanka

General Certificate of Education (Advanced Level)

 

  1. Official statements of General Certificates of Education (Ordinary Level and Advanced Level) posted directly to Mykolas Romeris University (International Admissions, Ateities str. 20, LT-08303 Vilnius, Lithuania) by the Department of Examinations in a sealed and stamped envelope.
Sweden Examensbevis

 

  1. Examensbevis
Tajikistan Шаходатнома дар бораи тахсилоти миёнаи умумй (свидетельство об общем среднем образовании)

 

  1. Шаходатнома дар бораи тахсилоти миёнаиумумй
  2. Appendix (табели чамъбасти бахохои азхудкунй) to the Шаходатнома дар бораи тахсилоти миёнаи умумй
  3. Official results of the centralized examination for admission to higher education institutions in Tajikistan organised by National Testing Centre (Маркази миллии тестӣ)
Turkey Lise Diplomasi

 

  1. Lise Diplomasi
  2. Transcript providing information on the last 4 years of study
  3. Results of taken YKS (from 2018), YGS and/or LYS examinations or previously organised centralised admission examinations
Turkmenistan            Şahadatnama orta blim hakynda (Аттестат о полном среднем общем образовании)

 

  1. Şahadatnama orta blim hakynda (or other equivalent document)
Ukraine Aтeстат прo повну загальну серeдню освiту

 

  1. Aтeстат прo повну загальну серeдню освiту
  2. Додаток до атестата
United Kingdom General Certificate of Education – Advanced Level (A level)

 

  1. General Certificate of Education (or another qualification comparable to at least 2 A levels)
United States

High School Diploma

  1. Diploma
  2. Official academic transcript submitted in a sealed and stamped envelope to Mykolas Romeris University (International Admissions, Ateities str. 20, LT-08303 Vilnius, Lithuania).
  3. ACT, SAT, or AP examination results submitted in a sealed envelope to Mykolas Romeris University (International Admissions, Ateities str. 20, LT-08303 Vilnius, Lithuania).
  4. Documents attesting to completion of any postsecondary education (if applicable).

 

Higher Education

  1. Diploma
  2. Official academic transcript submitted in a sealed and stamped envelope to Mykolas Romeris University (International Admissions, Ateities str. 20, LT-08303 Vilnius, Lithuania).
Uzbekistan Ўрта маълумот тўгрисида Шаходатнома (Аттестат о полном среднем общем образовании)

 

  1. Ўрта маълумот тўгрисида Шаходатнома
  2. ўзлаштириш бўйича якуний бахолартабели to the Ўрта маълумот тўгрисида Шаходатнома
  3. Official results of the centralized examination for admission to higher education institutions in Uzbekistan organised by National Testing Centre  (Государственного центра тестирования (ГЦТ))
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

Tuition fee (EU/Non-EU citizens) per 1 academic year: €4096 (academic year 2022-2023)

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.

Deadlines

January 1st, 2022 – July 1st, 2022 – for applicants from non-EU/EFTA countries

January 1st, 2022 – August 15th, 2022 – for applicants from EU/EFTA and countries that have a Lithuanian Embassy or who do not need visa for arrival to Lithuania

Contact Us
International Admissions Office
Ateities str. 20, LT-08303 Vilnius, Lithuania
 
E-mail: study@mruni.eu
Phone: +37052714674 
WhatsApp: +37065646682
Office: I-404
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