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Energy & Environmental Finance

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 Economics, Finance, Engineering, Mathematics, Environmental Science and Physics) who are keen to pursue a career in the energy and environmental markets sector.

This course is aimed at those seeking to pursue a career in the rapidly-developing global energy and environmental finance industry. It is estimated that $38 trillion is required to meet projected energy demand by 2035 and that energy providers and investors in the energy markets are faced with a multitude of tasks. The course will advance your understanding of finance theory, with a specific focus on the practical aspects of energy-environmental financial markets, encouraging you to develop creative and analytical approaches to problem-solving in the energy-environment sphere and enhance your interpersonal and leadership skills.

How will I benefit?
As the only Masters in the world covering both energy finance and environmental finance, this course offers an unrivalled level of specialisation in global energy and environmental markets and significant career opportunities. Graduates of this programme are in high demand, both domestically and globally.

The invaluable knowledge of top-class academics combined with the participation of key figures from energy and environmental markets 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 commercial and investment banks, and energy and environmental exchanges through to national governments and multilateral banks.

Programme outcomes
On successful completion of the programme students should be able to:

Programme Goal 1: Our graduates will be current in their knowledge of the theory and practice of global energy markets and the developing environmental markets.

Programme Goal 2: Knowledge: Our graduates will be effective communicators in the energy-environment space and the implications for global business.

Programme Goal 3: Analytical and Critical Thinking: Our graduates will be able to analyse energy and environmental policy, industry and market interactions and will be able to critically evaluate suitable modelling issues and their relevance to the wider economy.

Programme Goal 4: Our graduates will be able to comment critically on the relevance and impact of financial and natural capital valuation, asset allocation and risk management methods to the wider economy.

Programme Goal 5: Personal and Professional Development: Our graduates will be able to engage in collaborative learning and will be able to promote ethical business practices.

Critically assess the theory and practice underpinning financial and natural capital in business operations (PG1).

Employ theoretical, statistical and financial modelling in addressing the implications of increasing energy demands and the climatic implications on the economy (PG1).

Synthesise and summarise data, information and results from market and non-market models to professionally communicate outcomes of the analysis and their recommendations to key stakeholders (PG2).

Select and use appropriate communication strategies (oral, written & visual) to effectively communicate challenges in the energy-environmental space and to advance objectives to meet these challenges (PG2).

Undertake and present a detailed analysis of core energy industry valuation/risk management situations in written and oral forms (PG3).

Utilise relevant financial, market and non-market information, drawing on appropriate databases and literature. They will possess the skills to interpret existing and/or original research using quantitative tools to inform the business/policy decision making process.

Demonstrate an understanding of diverse business perspectives with respect to financial and natural capital, and analyse the impact of individual and collective use of economic and financial models on the business environment (PG4).

Devise and develop economic-financial model methods and decision making structures that are appropriate for all agents exposed to the energy-environmental space by working both individually and collaboratively to complete informative projects (PG4).

Draw on personal and colleagues’ cognitive and practical talents to promote effective and ethical business practices (PG5).

Engage in collaborative learning by completing business projects and assignments as part of a team (PG5).

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 to include a number of quantitative subjects such as Economics or Finance
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.

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

Duration

1 year full-time (B386) or 2 Years Part-Time (B391)

Careers or further progression

The MSc in 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.

In 2016, 77% of our graduates from this programme were employed after 6 months across a range of industry sectors. (Source: First Destination Report 2016)

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

The UCD Smurfit Career Development Centre team will work with you to define your career path and support you in developing the career-related skills, know-how, and confidence to pursue your post-MSc career goals.

Our holistic programme is designed to support you at key points in your career development. Our programme is structured into three key stages, designed to support you in building and driving your own career.

A variety of workshops, events, one-to-one career appointments and access to a range of online tools and resources prepare you for future opportunities.

Further enquiries

Contact details
email:smurfitschool@ucd.ie
Tel:+353 1 716 8934

Subjects taught

As well as a comprehensive knowledge of finance, you will acquire an in-depth understanding of the economic and financial processes and procedures associated with the energy and environmental markets sector. You will also develop the professional and personal knowledge and skills necessary for a career in the energy and environmental markets.

Curriculum

The curriculum encompasses the major theoretical aspects of energy and the environment in economics and finance, along with modules focusing upon the tools and techniques for evaluating a comprehensive range of global and regional energy-environment issues.

To complete the programme, students must complete ten core modules. In the summer term students can complete a research project, two option modules or in a small number of cases, apply for a limited 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.

Semester 1
•Quantitative Methods for Finance
•Financial Econometrics
•Capital Markets and Instruments
•Commodity Finance
•Financial Theory
•Financial Analysis

Semester 2
•Environmental Finance
•Electricity Markets
•Energy Economics and Policy
•Green Business
•Portfolio and Risk Management

Semester 3
2 option modules
•Mergers and Acquisitions
•Financial Modelling
•Advanced Treasury Management
•Aircraft Financing
•Behavioral Finance
•International Finance

+ 1 of following
•Applied Investment Management (Internship)

OR
•Research Project

Note: option modules listed are indicative of what has been delivered in previous years. What is offered each academic year is subject to change.

Application date

You must apply online using our dedicated student information portal. You will be required to enter contact details, upload your documents and answer two essay questions (each approximately 300 words). We would ask that you seriously consider both essays and answer these in the context of the programme you are applying to. Try to not replicate your CV and demonstrate what makes you different from other applicants. There are no right or wrong ways to complete these essays.

You will then be asked to submit your application and pay the €50 application fee. No application can be assessed until the fee has been paid. You can apply for multiple programmes with the one application fee, but please be sure to mark your preferred course.

Course fee

Fees Full-Time EU:

€17,135 (academic year 2018/2019)

Full-Time Non-EU:

€21,700 (academic year 2018/2019)

Fees Part-Time EU:

€8,570 per year (academic year 2018/2019)

Part-Time Non-EU:

€10,850 per year (academic year 2018/2019)

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

Enrolment and start dates

Next Intake: September 2018

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