Finance - Renewable Energy & Environmental Finance

Overview
This one year full-time, or two-year part-time course is aimed at graduates with a background in a number of different fields (including Business, Economics, Finance, Engineering, Mathematics, Environmental Science and Physics) who are keen to pursue a career in the growing number of industries in the sustainable business and finance industry.

It is estimated that achieving the United Nation's Sustainable Development Goals (SDGs) by 2030 will require investments of $5-7 trillion annually across both the public and private sector. The estimated $2.5 trillion investment gap every year in the developing world is a significant challenge but also an opportunity for policy makers, investors and businesses alike.

In this respect, the course will advance your understanding of finance theory and the application of sustainability factors (with a focus on environmental issues) to financial markets. The course also features a strong low carbon energy component and aims to equip students with creative and analytical approaches to problem-solving in the sustainable finance context as well as enhance the students' interpersonal and leadership skills.

The programme can be undertaken on a part-time basis, thus enabling current professionals with the relevant background to combine working life with study, however this is dependent on students' employment commitments. Note that this is not a dedicated part-time programme and that students will be required to attend lectures, tutorials and complete group assignments in conjunction with the full-time cohort, for whom the schedule is primarily during working hours for a block of hours on several days a week. Modules in autumn trimester will be delivered in a compressed format meaning that modules are taught intensively over two 6 week periods, requiring additional attendance at lectures and tutorials. Employer support is therefore essential.

What will I learn?
As well as a comprehensive knowledge of finance, you will acquire an in-depth understanding of the practical integration of environmental, social and governance (ESG) factors in financial decision making. You will also develop the professional and personal knowledge and skills necessary for a career in the sustainable finance and impact investing field.

Through this Masters you will gain:
1. A comprehensive understanding of the financial and business decision-making processes of both investors and companies and how these can be enhanced by taking into account environmental factors.

2. A critical understanding of the models, technologies and principles that are used to monitor and analyse environmental risk and opportunity across financial markets.

3. An enhanced knowledge of how finance professionals can contribute and innovate towards environmental sustainability.

4. A strong emphasis on the development of interpersonal skills, leadership and problem-solving, as well as tracking recent developments, ensuring that graduates are well-informed on the industry and well-equipped to enter it.

How will I benefit?
As the only Masters in the world which has an in depth coverage of environmental and impact finance and green data science, this course offers an unrivalled level of specialisation in global clean energy and sustainable finance markets with significant career opportunities. Graduates of this programme are in high demand, both internationally and within Ireland.

The invaluable knowledge of top-class academics combined with the participation of key figures from the areas of sustainable business and finance results in an especially rich and relevant curriculum. The breadth of the course content is reflected by the flexibility of the course (students can choose from three different pathways of completion) as well as the varied approach to assessment (examination, research papers, empirical projects, presentations, course work, internship/research project).

It provides a springboard for a career in a wide range of public and private sector organisations, from asset management firms, venture capital funds, renewable energy and green data companies through to national governments and banking institutions.

VISION/VALUES Statement
The MSc in Renewable Energy and Environmental Finance is aimed at those who would like to pursue a career in the growing number of sustainable finance sectors. The programme is suitable for students from a wide variety of disciplines such as business/finance/economics, environmental science, engineering, geography, mathematics or physics.

The educational values of the programme are to provide students with the knowledge and skills to: critically evaluate the financial and business management decisions of investors and firms in the context of the transition to a low carbon and sustainable economy; apply statistical analysis techniques to the valuation and management of portfolios of financial securities, including green portfolios; apply data science tools to the mining and analysis of environmental data; develop a deep understanding of policy implications in the area of environmental finance and sustainable energy and enhance the students teamwork and leadership skills to succeed as future leaders in the area of sustainable development.

The learning environment consists of both theoretical and applied components. Lectures combine theory and practice and are complemented with small group tutorials. Students engage in autonomous learning though individual assignments including literature reviews. Team work is also encouraged through presentations of data analysis and case studies. Students also have access to state of the art financial databases in a designated dataroom. An optional internship programme is also integrated into the programme (the nature of the learning environment for students).

The programme uses multiple teaching, learning and assessment approaches. Modules are presented mainly by academics and also feature many guest lectures and presentations delivered by practitioners with significant industry experience. Industry experts in the area of environmental and renewable energy finance also contribute to the design, delivery, and evolution of the curriculum. Assessment strategies include traditional exams, case study presentations and written reports. Group projects and presentations are also a key feature of this programme (key approaches to teaching, learning and assessment).

Programme Outcomes: Please see website.

Entry requirements

Please review the entry requirements below. The UCD Smurfit Admissions Office staff have expertise in reviewing international qualifications from around the world and will be able to assess your application's comparability to the Irish entry requirement.

An honours bachelors degree in:
a. Business/Commerce including quantitative subjects such as Economics, Finance or Accounting or

or

b. a Finance-related-area, Mathematical Finance, Economics, Mathematics, Statistics, Environmental Science, Science, Computer Science, Engineering or Physics

with a minimum 2.1 award at NFQ Level 8 (or international equivalent) in a. or b. above.

And

Applicants should have demonstrated strong academic ability (a 1.1 or 2.1) in a number of quantitative modules in their degree, such as Mathematics, Statistics, or Econometrics.

And

Candidates may be asked to sit the Graduate Management Admissions Test (GMAT).

Subjects taught

Curriculum
The curriculum encompasses a substantial set of finance modules to ensure a deep financial background of every student, the major theoretical aspects of renewable energy and environmental finance, along with modules focusing upon the tools and techniques for evaluating a comprehensive range of global, regional and firm level environmental and financial issues.

To complete the programme, students must complete twelve core modules. Knowledge of mathematics foundations will be required for several core finance modules in the Autumn trimester. Mathematics foundations involving set theory, calculus, linear algebra, and probability and statistics will be tested. In the summer term students complete one core module and can complete either a research project, two option modules or apply for a number of possible internships. With any possible internship opportunity students have to go through a competitive recruitment process, including interviews with employers, to be selected.

Autumn Trimester:
Quantitative Methods for Finance
Financial Econometrics
Capital Markets and Instruments
Derivative Securities
Financial Theory
Financial Analysis

Spring Trimester:
Environmental Finance & Impact Investing
Renewable Energy Finance
Energy Economics and Policy
Portfolio and Risk Management

Summer Trimester:
Ethics in Financial Services:
Students choose one of the Pathways below:

Pathway A:
Green Data Science

plus choose two modules from the list below:
Mergers and Acquisitions
Financial Technology
Advanced Treasury Management
Behavioral Finance

OR

Pathway B:
Green Data Science
Summer Internship

OR

Pathway C:
Research Dissertation

Please be advised that the above is the curriculum for 20/21. Option modules listed are indicative of what has been delivered but may change from year to year.

Note that on-campus teaching is delivered under prevailing public health guidelines. In the event of a required change to planned delivery, further information about alternative delivery methods (including online delivery) will be confirmed with prospective and incoming students.

Duration

12 months Full-Time, 24 months Part-Time.

Fees

Fees Full-Time EU:
€18,205 (academic year 2020/2021)

Full-Time Non-EU:
€19,900 (academic year 2020/2021)

Fees Part-Time EU:
€9,105 per year (academic year 2020/2021)

Part-Time Non-EU:
€9,950 per year (academic year 2020/2021)

Important Note: Tuition fees and other charges are subject to change each year.

Enrolment dates

Next Intake: September 2020

Post Course Info

Career Opportunities
The MSc in Renewable Energy & Environmental Finance from UCD Michael Smurfit Graduate Business School is highly regarded within the energy and renewables industry. Our graduates go on to occupy positions in both the public and private sectors.

100% of our graduates from this programme were employed after 6 months across a range of industry sectors. (Source: Latest Graduate Outcomes Survey, published November 2021. Response rate 50%)

Potential careers for our graduates include:
Commodity Broker/Trader
Energy Project Manager
Energy Systems Analyst
Legal and Compliance Officer
Energy Policy Analyst
Planning Officer
Research Analyst
Industrial Engineer
Energy Economics and Policy Researcher

More details
  • Qualification letters

    MSc

  • Qualifications

    Degree - Masters (Level 9 NFQ)

  • Attendance type

    Full time,Part time,Daytime

  • Apply to

    Course provider