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Aviation Finance

Overview
The MSc in Aviation Finance aims to advance students’ understanding of all aspects of aviation finance, with a specific focus on the practical features of global aviation markets. It encourages students to develop creative and analytical approaches to problem-solving in the aviation finance and leasing sphere and to enhance interpersonal and leadership skills.

It is the only MSc Aviation Finance Degree in Europe and is supported by leading aircraft leasing companies through internships, scholarships and research projects.

It is suitable for graduates from a wide variety of disciplines including business, economics, finance, engineering and science who want to pursue a career in the highly dynamic sector of aviation finance and leasing.

What will I learn?
You will acquire a detailed understanding of the financial processes and procedures associated with the aviation finance sector including suitable risk assessment and aircraft valuation, relevant accounting and taxation issues, leasing developments and insurance applications, and legal implications. You will also develop the knowledge and skills (both professional and personal) necessary for a career in the aircraft and airline financing industry.
1) A comprehensive understanding of the airline industry and the tools used by the industry globally as well as a critical awareness of the operation and functions of aircraft management, leasing and insurance.
2) The Economics of the Air Travel Market and the issues and risks associated with aircraft ownership, valuation, leasing and financing
3) A range of entrepreneurial skills and a grasp of human, financial and technological capital management that will prepare graduates for work within a variety of different structures, from start-ups and SMEs through to large-scale multinational companies.

Entry requirements

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, Computer Science, Engineering or Physics

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

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.

We can also consider candidates with an Honours 2.1 primary degree with a minimum of three years appropriate work experience in the aviation industry.

If English is not your first language, an English language qualification is required for admission to all of our programmes. the exception to this rule is if you have completed your primary degree or an entire third level qualification through English, in an English speaking country.

Some students might have to get a student visa in order to come and study in Ireland. Please check the Irish Naturalisation and Immigration Services website to see if you require a visa.

Duration

1 year full-time or 2 years part-time.

Careers or further progression

The MSc in Aviation Finance from the UCD Michael Smurfit Graduate Business School gives you the specialised skills and knowledge you need for a career in the aviation finance and leasing sector.

Potential careers for our graduates include:
•Credit Risk Analysis
•Pricing Analyst
•Financial Modelling
•Risk Management
•Aviation Leasing Marketing and Negotiations

Smurfit Career Development Centre
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

Admissions Office
UCD Michael Smurfit Graduate Business School
Carysfort Avenue, Blackrock, Co Dublin
Telephone: +353 1 716 4321/8033/4302
Email: smurfit.admissions@ucd.ie

Subjects taught

The one-year full-time and two-year part-time formats of this course comprise core modules covering many aspects of econometrics, finance management and asset assessment.

In the summer term, students can complete a research project, or in a small number of cases, choose from a limited number of possible internships. With any possible internship opportunity, students may have to go through a competitive process for these, including potential interviews.

Semester 1
Accounting/FSA for Aviation
Aviation Tax
Aviation Finance 1
Quantitative Methods
Capital Markets & Instruments

Semester 2
Aviation Economics
Topics in Aviation Finance
Doing Business Globally
Aviation Finance 2
Law of Aviation Finance

Summer Term

Option 1
Aviation Finance Research Project

Option 2
Aviation Industry Internship

Option 3 (Choose 2)
Advanced Treasury Management
Management of Banking Institutions
Mergers and Acquisitions
Financial Modelling

Comment

Industry Partners

The MSc in Aviation Finance is supported by the leading aircraft leasing companies in Ireland through Internships, Scholarships and Research Projects.

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.

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)

Enrolment and start dates

Starting: September 2018

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