ISM University of Management and Economics () is an institution of

undergraduate Undergraduate education is education conducted after secondary education and before postgraduate education, usually in a college or university. It typically includes all postsecondary programs up to the level of a bachelor's degree. For example, ...

, graduate and

post-graduate Postgraduate education, graduate education, or graduate school consists of academic or professional degrees, certificates, diplomas, or other qualifications usually pursued by post-secondary students who have earned an undergraduate (bachelor' ...

education Education is the transmission of knowledge and skills and the development of character traits. Formal education occurs within a structured institutional framework, such as public schools, following a curriculum. Non-formal education als ...

business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for ...

management Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a Government agency, government bodies through business administration, Nonprofit studies, nonprofit management, or the political s ...

and

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

. The

university A university () is an educational institution, institution of tertiary education and research which awards academic degrees in several Discipline (academia), academic disciplines. ''University'' is derived from the Latin phrase , which roughly ...

serves as a centre of

market analysis A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyses the strengths, ...

, executive training and academic thought. ISM was established in

Kaunas Kaunas (; ) is the second-largest city in Lithuania after Vilnius, the fourth largest List of cities in the Baltic states by population, city in the Baltic States and an important centre of Lithuanian economic, academic, and cultural life. Kaun ...

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

Lithuania Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea, bordered by Latvia to the north, Belarus to the east and south, P ...

. The main founders of ISM are the

BI Norwegian Business School BI Norwegian Business School () is a Norwegian specialized university that provides education and conducts research primarily in the fields of business and economics, marketing, strategy, management, and administration. BI is organized as a self ...

and the Norwegian Industrial and Regional Development Fund. The predecessor of ISM was the Business Training Centre, an executive training institution in

. Since 1995, when the Business Training Centre began, the intention was to contribute to the development of Lithuanian business community in providing up-to-date management knowledge. By offering executive courses, management training programs, market research, and personnel evaluation, BMC was recognized as an institution of management training and consulting in Lithuania. Now BMC is the training and consulting department at ISM.

Academics

There are six undergraduate and three graduate programs. Undergraduate studies: * Business Management and Analytics; * Economics; * Economics and Politics; * Finance; * International Business and Communication; * Entrepreneurship and Innovation. Graduate studies: * International Marketing and Management; * Financial Economics; * Innovation and Technology Management; * Global Leadership and Strategy; * Business Sustainability Management. Executive studies: Business Process Management * Financial Strategy and Management; * International Business * Human Resource Management; * Leadership: Power Actualisation; * Managerial Accounting Analysis * Managerial Economics * Marketing Strategy and Management; * Project Management; * Strategic Management; ISM Vilniuje

The campus

ISM is located in the old town of

Vilnius Vilnius ( , ) is the capital of and List of cities in Lithuania#Cities, largest city in Lithuania and the List of cities in the Baltic states by population, most-populous city in the Baltic states. The city's estimated January 2025 population w ...

, the capital of

. ISM resides in the former Vilnius Central Post Office in

Gediminas Avenue Gediminas Avenue () is the main street of Vilnius, where most of the governmental institutions of Lithuania are concentrated, including the government, parliament, Constitutional Court and ministries. It is also the location of cultural institu ...

. The university moved to this building in 2023.

Quality accreditation

* 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. *ISM ranks first in the Lithuanian higher education institutions rating **Lithuanian weekly Veidas has published a rating of higher education institutions compiled based on eight criteria: scientific and artistic activities of universities, the highest scores of academic staff and alumni activities, academic staff qualifications, the variety of fields of study, conditions for studies, a student survey, the labour market and the structure of financing. ISM University of Management and Economics collected 63.2 points out of 100, which was the highest score among private universities, and ranked second among all Lithuanian universities.

References

External links

Official website of ISM University of Management and EconomicsOfficial website of ISM University Student Association
{{authority control Business schools in Lithuania Universities in Lithuania Universities and colleges in Vilnius Education in Vilnius Education in Kaunas For-profit universities and colleges in Europe Educational institutions established in 1999 1999 establishments in Lithuania