Lithuania, Vilnius

ISM University of Management and Economics


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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.

Quality and internationality have become the most important priorities of the University’s activities. Today ISM is the first private university in Lithuania, which has campuses in Vilnius and Kaunas. They have 84 partner universities. Also there is a possibility to go on exchange or to get double degree in 39 different countries.

If you are interested in this university please click here to watch a promotional video on the school.

The Country

Lithuania is the southernmost of the three Baltic states – and the largest and most populous of them. Lithuania was the first occupied Soviet republic to break free from the Soviet Union and restore its sovereignty via the declaration of independence on 11 March 1990. The Lithuanian landscape is predominantly flat, with a few low hills in the western uplands and eastern highlands. The highest point is Aukštasis at 294 metres. Lithuania has 758 rivers, more than 2 800 lakes and 99 km of the Baltic Sea coastline, which are mostly devoted to recreation and nature preservation. Forests cover just over 30% of the country. The capital, Vilnius, is a picturesque city on the banks of the rivers Neris and Vilnia, and the architecture within the old part of the city is some of Eastern Europe’s finest. Lithuania’s most famous culinary export is perhaps cold beet soup. Potatoes also make a regular appearance on menus, popular dishes being potato pancakes and Cepelinai – potato dumplings stuffed with meat, curd cheese or mushrooms.

The City

Today, Vilnius, the capital of Lithuania, is one of the most frequently visited cities of Eastern Europe. It draws attention, not only because of its unique architectural character, but also by its cultural events and attractions. During the first ten years of independence the city has become a tourist attraction centre. It is, therefore, not surprising that during these ten years the number of tourists has consistently increased and at the same time tourist infrastructure and services have been developed. It is also the largest city of the country. According to the 2012 statistics, the population of Vilnius is 523,000 people, which accounts for 17 per cent of the total population of the country. The Old Town is situated in a picturesque valley of two rivers – the Vilnia and the Neris, at the crossroads of trade roads, next to the ford, which was guarded by Vilnius castle in the olden times.

Student Life

Every student at ISM is part of the Student’s Unions that helps students get involved, make friends and make the most of their time at College by organizing various activities.

Class Information

Undergraduates – Student Programs at ISM include: International Business and Communication, Economics and Politics, Industrial Technology Management, Business Management and Analytics, Economics, and English. At the graduate level ISM offers the following programs of studies: International Marketing and Management, Financial Economics, Innovation, and Technology Management. The courses are offered in fall from September until January and spring from February until June.

Estimated Expenses

Rough Expense Comparison

Semester at ZSEM

Semester at ISM

Health Insurance


297 EUR


287 EUR

400 EUR





177 EUR

100 EUR




16 EUR

29 EUR


*per month


ISM does not have any residential halls (Dormitories), but they have agreements with two hostels/hotels, where Erasmus/ Exchange students can live.

Travel Opportunities

Southern architecture under the northern sky, the Vilnius amphitheatre nestled among hills interspersed with groves and grassy areas, summer cumuli and autumn haze – all this provides breathtaking views and radiates the spirit of the freedom and individuality of Europe. Having almost 40,000 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 Eastern Europe. Because of its uniqueness, the Old Town of Vilnius was added to the UNESCO World Heritage List. You have a good chance for a lively experience no matter whether you spend your night out on the town, dine in a panoramic restaurant, attend a sophisticated art exhibition, enjoy a concert, view a public festival, or just explore the unique scenery. Vilnius is an ideal place for all of this and more.