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Business Economics

What can be better than business economics studies guided by the business world itself? Having that in mind, these studies are prepared accordingly – everything is done in cooperation with representatives of the business world – from theoretical to practical subjects. As a result, not only the economic expertise or critical thinking advice will be at your hands, but also the adaptable real-world skills that will ultimately help your business grow successfully.

According to the Lithuanian magazine overlooking educational institution rankings, the 2019 edition of “Reitingai” states, that the economics studies at KTU are among the best master’s degree programs at Lithuanian universities in economics training.

Study wherever you like

With the Erasmus exchange program, you can go study at any foreign university for a semester or complete an internship at an international business of your choice.

Description of Study Programme
Location School of Economics and Business
Cycle Second cycle
Field Economics
Language Lithuanian
Form Full-time studies - 1,5 y. (weekend; cyclic, blended learning)
Degree awarded Master of Social Sciences
Yearly Price  i Full-time studies - 3989 €
  • University of Łódź
  • Maia Institute of Higher Education
  • Prague Metropolitan University
  • University of Split

Entry requirements

Minimum requirements


Score structure

Component Coefficient
First component of the competition score

Average grade (CGPA) of University‘s Bachelor’s degree (min. length – 180 ECTS) and its supplement


Second component of the competition score

Research activities


Third component of the competition score

Motivation letter and online interview



Tuition fee

The tuition fee applied for the academic year 2021-2022 is indicated below.

Foreign nationals with Lithuanian origins and EU citizens
Full-time studies 3989 €
Price per credit 66,48 €
Partial tuition fee waiver can be applied for the study price.


Financial support






Subjects of the study programme by semesters


Business environment – factors of business environment, macroeconomics policy, forecasting models
International and comprehensive economics – international trade, global markets, sustainable development, ecosystems
Economic assessment – transaction economics, cost-benefit analysis, economic and social benefit
Development and management – analysis of markets, resources, competitive advantages, strategies, mergers and acquisitions
Analysis and Forecasting of Business Environment Challenges of International and Sustainable Economics Economic Evaluation of Business Decisions Business Development and Management




Taught by top-level professionals

Qualified scientists will be teaching you. Thanks to them, we can proudly showcase completed research projects and wins in economic competitions.

Globally recognized program

International experts gave this program one of the highest possible scores. The reason behind it is simply that our program is drawn up both by representatives from business enterprises and state institutions.

Main partners: AB Amilina, UAB Ansell Protective Solutions Lithuania, UAB Iceco, AB Utenos trikotažas, UAB Rūta, Klaipėda Free Economic Zone.

Practical tools and skills

Thanks to modern research tools, during your studies, you will solve business tasks, forecast, and test possibilities in the local and global markets.

Open career possibilities

After completing the program, all paths to develop a business career in Lithuania or abroad will be open. From here on, only one-step remains to reach the doctorate.

A year and a half and you are done

It will only take you 1.5 years to gain the necessary skills of an economist. And most importantly, easy to combine your study schedule with work.



Bright and broad career prospects

What will you be able to do?

Analyze and forecast the entire business environment.

Apply the latest economic research to practice.

Lead and constantly seek the most effective economic solutions.

Implement the principles of ethics and social responsibility in economic activities.



You may become

As an economic analyst, you will draw up business and investment plans, analyse the Lithuanian or foreign markets, search for customers, and sales channels. You will be able to evaluate the financial and economic performance indications.

As a specialist, you will prepare company plans as well as investment and business strategies. You will also develop strategies and implement various innovations that constantly improve business results and increase team efficiency.

As the head, you will carry a lot of responsibility. You will organise and supervise your teams’ work, develop business strategies, plan and analyse overall performance.




Dr. Aida Zigmantavičienė

Dr. Aida Zigmantavičienė

Operations Director at International Company “Ansell Global Protective Clothing &Fall Protection” and General Director at UAB “Ansell Protective Solution Lithuania”


The Economics studies helped me to form analytical skills, their application in practical activity by analysing and interpreting the sources, performing the empirical research and summarising the conclusions. The global context opened the possibilities to apply the acquired skills in daily situations and strategic international company decisions.

Algimantas Venckus

Algimantas Venckus

Director at PI “Mokslinių ir taikomųjų projektų centras”


In the modern global economics, it is necessary to have excellent knowledge of what forces are acting in the global economics and to be able to stipulate the consequences of such forces in the future. The knowledge that I received from benevolent and highly-professional lecturers working in the Business Economics Master’s degree study programme at the KTU Economics and Business Faculty helped me a lot in developing competitive business and provided a solid basis for the realisation of my aims in the management of the company.