48 months
11045 EUR/year
11045 EUR/year
Tuition fee
Apply date
Start date


The doctoral candidate position for the Corporates financing decisions modelling in the context of the financial system resilience is available in Vilnius Gediminas Technical University faculty of Business Management, Department of Financial Engineering. Applicants interested in other research topics related to economics are also welcome to apply.

Visit the official programme website for more information


Key Features

Recently, ensuring the resilience of the financial system has become one and the primary goal of all countries, to avoid the huge losses caused by the instability of the financial system, which directly determines the efficiency of companies in the global economy. The global financial system is undergoing radical change and rapid expansion every year, especially during and after the pandemic, with increasing cross-border capital flows and the emergence of new financial instruments in the markets. A sound and resilient financial system are important in ensuring long-term and sustainable economic growth. 

From the point of view of economic policy, key issues are emerging focused on the aspects of risk management of financial institutions, companies, and other financial market participants in the financial markets, which are related to the formation of systemic risk and regulation of financial market participants' decisions. Research focusing on business efficiency, financing decisions, and risk management is important.

The selected candidate of the Corporates financing decisions modelling in the context of the financial system resilience program from Vilnius Gediminas Technical University will work on the PhD thesis under the supervision of Prof. dr. Diana Cibulskiene. The successful applicant will have to attend scientific conferences, meetings and internships in the other universities. 

Programme Structure

  • Independent research under supervision;
  • Courses for PhD students (approximately 30 ECTS credits);
  • Participation in research networks, including placements at other, primarily foreign, research institutions;
  • Teaching or another form of knowledge dissemination, which is related to the PhD topic when possible;
  • The completion of a PhD thesis.

Key information


  • Full-time
    • 48 months
  • Part-time
    • 72 months

Start dates & application deadlines




On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

Other requirements

General requirements

  • Postgraduate diploma (or higher)
  • The entry qualification documents are accepted in the following languages: English.
  • You must take verified copies of the entry qualification documents along with you when you finally go to the university.
  • At least 2 reference(s) must be provided.
  • Certified copies of the Master’s degree diploma and its supplement with grades or higher education equivalent to it;
  • Curriculum Vitae (CV);
  • List of scientific publications and their copies or research proposal (if scientific publications are not included);
  • Copy of a personal data page of a passport or a copy of a personal ID;
  • Other documents that an applicant wants to submit.
  • FCE (First Certificate in English): A
  • CAE (Certificate in Advanced English): C
  • CPE (Certificate of Proficiency in English): C
  • B2 Certificate in English

Tuition Fee

To alway see correct tuition fees
  • International

    11045 EUR/year
    Tuition Fee
    Based on the tuition of 11045 EUR per year during 48 months.
  • EU/EEA

    11045 EUR/year
    Tuition Fee
    Based on the tuition of 11045 EUR per year during 48 months.

part-time studies - 7 363,00  (6-year)

Living costs for Vilnius

490 - 856 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


The PhD studies can be financed by the companies or enterprises financial resources or a PhD student‘s personal finances. 

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Our partners

Corporates financing decisions modelling in the context of the financial system resilience
Vilnius Gediminas Technical University


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