Bachelor in Economics and Data Analytics
ISM University of Management and Economics
Key Information
Campus location
Vilnius County, Lithuania
Languages
English
Study format
On-Campus
Duration
42 months
Pace
Full time
Tuition fees
EUR 2,990 / per semester
Application deadline
15 Aug 2024
Earliest start date
02 Sep 2024
Introduction
Economics and Data Analytics – students of this program learn to understand and analyze economic processes at all levels – from user behavior to global economic trends. You will gain knowledge that will help you understand how a company operates, how the country’s economy and leadership decisions affect business, and what changes global trends bring. Studies will open the doors to commercial and central banks, international investment banking, auditing, insurance companies, and other business enterprises.
Executives of the largest international companies operating in Lithuania say ISM University provides the highest quality education. - 2019 Quarterly Lithuanian Investor Confidence Index Survey
Great opportunity to meet EU economists in Brussels!
During the visit:
- Learn from famous EU economists.
- Get acquainted with the leaders of the EU institutions who make the most important economic decisions.
- Understand how the data is analyzed in one of the largest EU institutions.
- Participate in seminars and discussions on economic topics.
Visits will be arranged if the pandemic situation allows.
Additional opportunity – double degree at BI Norwegian Business School, which is among 1% of Business Schools in the world to hold the Triple Crown accreditations (AMBA, EQUIS & AACSB)
Admissions
Scholarships and Funding
Scholarships available for all bachelor’s programs
Best International applicants who will be applying for the 2022 September intake can get a scholarship that covers up to 100%* of the tuition fee. Once granted, scholarships will continue to apply in the next semester provided that the student’s average mark is at least 8 out of 10 and the student has no failures or penalties. Only the best applicants will be granted scholarships by admission committee decision.
Opportunity to get a Scholarship up to 100% (only for early applicants)
Students who apply during the early admission period (November 1 – April 30) can expect to get a scholarship up to 100%. To get a scholarship, students are required to take ISM’s Test, which consists of three parts: English language, Mathematics, and Logical Thinking.
Scholarships will be issued by the end of May to those students who:
- Have the highest average grades from school
- Are highly motivated
- Perform well on ISM’s Test
100 Talents Scholarship
100 Talents scholarships cover 100% of tuition fees. Those scholarships will be issued by the end of the Main admission period which will be happening until July 23. Those scholarships will be awarded to students with the highest competitive scores (average marks from school and motivation evaluation). Students who enrolled during Early admission and already got a 25% scholarship will be also included into consideration about 100 Talents scholarships and if their competitive score remains one of the highest in the Main admission – their scholarship will increase, if not – they will remain with the previous one.
ISM Achievement Scholarship
Even more motivation to study well at ISM university! Undergraduate students with the highest grades are awarded an Achievement Scholarship, which covers as much as 25 percent of the annual tuition fees.
The university offers as many as 10 Achievement Scholarships for each course. Scholarships are awarded for academic achievement to those with the highest weighted average in the same course. At the end of the academic year, a competitive queue will be formed based on annual students’ results, according to which the Achievement Scholarships are awarded.
Curriculum
1 year
1 semester
- Formal Logic (FUN133, LT)
- Principles of Finance (FIN114, EN)
- Mathematical Analysis (FUN101, LT)
- Quantitative Decision Making (FUN118, LT)
- Principles of Economics, Business, and Management (MNG101)
- Academic Writing and Presentation Skills (HUM108, LT)
2 semester
- Microeconomics (ECO101, E, BMM)
- Statistical Data Analysis (FUN107, E, EP, F)
- History of Economic Theories (ECO103)
- Finite Mathematics (FUN103, LT)
- Elective course
2 year
1 semester
- Computer Programming (IT103)
- Macroeconomics (ECO102, E, EP, ITV)
- Mathematical Methods in Economics (FUN105, LT)
- Financial Markets and Institutions (FIN105)
- Econometrics (ECO105)
2 semester
- Data Mining for Business Intelligence (IT101)
- International Economics and Trade (ECO121)
- Intermediate Macroeconomics (ECO129)
- Welfare Economics (ECO122)
- Economic Forecasting (ECO108)
3 year
1 semester
- Artificial Intelligence and Machine Learning (IT102)
- Public Finance (FIN104)
- Political Economy (POL138)
- Managerial Economics (ECO107)
- Elective course
2 semester
- Elective course
4 year
1 semester
- Internship (ECO124)
- Bachelor Thesis (ECO116)
Program Outcome
After graduation you will be able to answer these questions:
- Does Lithuania need its own cryptocurrency? How to increase credit for businesses and individuals? What are some alternative financial services models? - Banks, Fintech
- What measures the state should apply to ensure sustainability and economic growth? How to formulate a fiscal strategy? How to use monetary policy tools? - Government institutions
- How to do a cost-benefit analysis? How to optimize costs? How to maximize revenue? By what means to carry out the analysis of the company’s economic and financial activities? How to diagnose corporate economic problems? - Economic, financial, consulting, audit
- How to determine a company’s value? How to diversify your investment portfolio? How to analyze large data arrays? How to improve, modify tools for data analytics? - Investment companies
Facts
- 20% on average higher salary compared to graduates of other LT universities
- Data: Lithuanian Government Strategic analysis center, graduates of economy, finance and management, 2017
- 1800 € average salary after tax 2-3 years after graduation
- Survey of ISM graduates 2019
- 98% graduates would recommend studies at ISM to friends or family
- 98% graduates are employed in their degree field
- 42% lecturers from abroad
- Every 3rd owns a business
After graduation, you will be able to
- Explain, analyze and model economic processes at micro and macro levels and manage them in a dynamic environment.
- To improve tools of economic and financial indicator analysis, to adapt, apply analytical and forecasting methods to practical circumstances.
- Apply the acquired professional competencies in the areas of organization economics, investment, finance and risk management, and economic analysis and forecasting.
- Predict economic scenarios, anticipate the economic consequences of decisions made in companies and organizations, and forecast potential changes in demand and supply.
- Develop competencies in data analytics, computer programming, data processing that are essential for economic phenomenon analysis and/or economic decision making.
Career Opportunities
Studies will open the doors to commercial and central banks, international investment banking, auditing, insurance companies, and other business enterprises.