ISM University of Management and Economics

ISM University of Management and Economics

Established	1999
Rector	Dr. Nerijus Pačėsa
Location	Kaunas Kaunas Kaunas is the second-largest city in Lithuania and has historically been a leading centre of Lithuanian economic, academic, and cultural life. Kaunas was the biggest city and the center of a powiat in Trakai Voivodeship of the Grand Duchy of Lithuania since 1413. During Russian Empire occupation... , Lithuania Lithuania Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark... Vilnius Vilnius Vilnius is the capital of Lithuania, and its largest city, with a population of 560,190 as of 2010. It is the seat of the Vilnius city municipality and of the Vilnius district municipality. It is also the capital of Vilnius County... , Lithuania Lithuania Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...
Students	about 1800 undergraduates
Website	http://www.ism.lt/

ISM University of Management and Economics is an institution of undergraduate, graduate

Graduate school

A graduate school is a school that awards advanced academic degrees with the general requirement that students must have earned a previous undergraduate degree...

and post-graduate education

Education

Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...

in business

Business

A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

, management

Management

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...

and economics

Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

. The University

University

A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university is an organisation that provides both undergraduate education and postgraduate education...

serves as an advanced centre of market analysis, executive training and leading academic thought.

ISM University of Management and Economics was established in Kaunas

Kaunas

Kaunas is the second-largest city in Lithuania and has historically been a leading centre of Lithuanian economic, academic, and cultural life. Kaunas was the biggest city and the center of a powiat in Trakai Voivodeship of the Grand Duchy of Lithuania since 1413. During Russian Empire occupation...

in 1999 as the first privately owned institution of management education in Lithuania

Lithuania

Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...

. The main founders of ISM are BI Norwegian Business School and The Norwegian Industrial and Regional Development fund.
The predecessor of ISM was the Business Training Centre, well-known executive training institution in Lithuania

Lithuania

.

Since the 1995, when the Business Training Centre took the beginning, the main motive power was to contribute to the development of Lithuanian business community in providing up to date management knowledge. By offering a variety of executive courses, management training programs, market research, personnel evaluation, BMC was recognized as a leading institution of management training and consulting in Lithuania. Now BMC is the training and consulting department at ISM.

Academics

Currently, there are four undergraduate and two graduate programs. Undergraduate studies include:

Management and Business Administration;
Economics;
Economics and Politics;
International Business and Communication;

Graduate studies:

International Management;
Financial Economics;

Executive studies:

Business Process Management
Managerial Accounting Analysis
Teamwork and Leadership; Applied Organisational Psychology
Financial Strategy and Management
Leadership: Power and Sense-Making
Human Resource Management
Project Management
Marketing Strategy and Management
Strategic Management

The campus

Studying facilities are arranged in the very centres of Lithuania’s

Lithuania

two major cities: Kaunas

Kaunas

and Vilnius

Vilnius

Vilnius is the capital of Lithuania, and its largest city, with a population of 560,190 as of 2010. It is the seat of the Vilnius city municipality and of the Vilnius district municipality. It is also the capital of Vilnius County...

. In Vilnius

Vilnius

, the Capital, ISM resides in a 14th century former monastery

Monastery

Monastery denotes the building, or complex of buildings, that houses a room reserved for prayer as well as the domestic quarters and workplace of monastics, whether monks or nuns, and whether living in community or alone .Monasteries may vary greatly in size – a small dwelling accommodating only...

fully equipped in modern way. While in Kaunas

Kaunas

, the campus is established in a newly reconstructed three-floor building from the early 1920s.

ISM in Vilnius

Vilnius

is located in a historic building in the Old Town, a former Basilian monastery. The set of buildings, which was repaired thoroughly and with respect to their original historic heritage, has again become the center of science.
The courses are held by prominent academics and excellent teachers in Management, Economics and related fields. Unlike many state universities, ISM is highly motivated to maintain its record as, possibly, the best educator for young and ambitious managers and entrepreneurs.

ISM in Kaunas

The ISM building in the centre of Kaunas

Kaunas

is an example of modern architecture. The revived and modernly reconstructed building has been adapted to the students’ needs: seven light and spacious classrooms with a capacity of 520 students, conference halls, computer rooms, a library and a café have been arranged, the premises have been adapted for people with disabilities.

Quality accreditation

WEBOMETRICS RANKING
- ISM is ranked 6624th in the world and has much lower position than other top Lithuanian institutions: Vilnius University (731), Kaunas University of Technology (780), Vilnius Gediminas Technical University (955) and Vytautas Magnus University (1788).

THE FINANCIAL TIMES RANKING
- Not ranked.

THE ECONOMIST RANKING
- Not ranked.

EDUNIVERSAL award
- ISM has received an award from EDUNIVERSAL that placed ISM among the 300 top World Business Schools. It was granted four palms and, together with 200 business schools, was grouped under the second category “TOP Business Schools”. By this score ISM takes the leading position in Lithuania and ranks among the highest in Central and East Europe.
International Quality Accreditation (IQA)
- Awarded to ISM in 2006 by the Central and East European Management Development Association (CEEMAN).
European Credit Transfer Label (ECTS label)
Accreditation by the Lithuanian Centre for Quality Assessment in Higher Education
- The group of international experts who carried out the accreditation of business and management study programmes at Lithuanian universities in 2005 accredited the business and management bachelor’s and master’s degree programmes of ISM University of Management and Economics without any additional conditions.

Costs

Prices have changed since 2009 with the introduction of the two new undergraduate programs. Different prices apply for undergraduate and graduate studies. Undergraduate studies, started in 2006, cost 3,900 LTL per semester (1,129 EUR

Euro

The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

) making 9,036 EUR for the whole programme. Fees are set to increase in 2007 for new students to 4,200 LTL (1,216 EUR). Discounts apply for 12 best students of every course (25 - 75 percent discounts).
Graduate studies for European Union

European Union

The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...

students cost 6,200 LTL per semester (approx. 1,800 EUR) making 24,800 LTL (approx. 7,200 EUR) for the whole programme. For non EU students one semester costs 8,200 LTL (approx. 2,400 EUR), amounting 32,800 LTL (approx. 9,600 EUR) for the programme.

External links

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