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Aviation Finance

Overview

The MSc in Aviation Finance aims to advance students understanding of all aspects of aviation finance, with 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 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 & Leasing. MSc Aviation Finance Course Infographic

In 2017 we are offering applicants the chance to win a Scholarship to cover full tuition fees. Click here for more information.

We are also offering non-EU applicants the chance to win a Scholarship to cover 50% tuition fees. Click here for more information on the Norman C.T. Liu Aviation Scholarship.

The Aircraft Leasing Industry

Aircraft Leasing is one of the least known, but one of Ireland's greatest global success stories in the financial services world. In this interview, Patrick Blaney, Chairman Aviation Leasing & Finance at UCD Smurfit School, discusses Ireland's role in this $200bn industry.

What will I learn?

Through this Masters, 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, along with 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.

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.

An enhanced knowledge of the principles and the developments in the area of aviation finance as well as in depth knowledge of the risk-return trade-off as well as profitability and credit risk analysis of both lessees and lessors.

An applied knowledge of transaction modelling tools required for analysing the aviation industry.

How will I benefit?

As the only masters in Europe covering Aviation Finance, this programme offers an unrivalled level of specialisation in leasing and airline industry developments and significant career opportunities.

•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, along with legal implications.

•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 aviation industry and well-equipped to enter it.

•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.

Entry requirements

A minimum second-class honours degree (or equivalent) in Business/Commerce (with quantitative subjects), Economics, Finance, Engineering, Mathematics, Physics or a Finance related area.
OR
A primary degree with a minimum of three years’ work experience in the aviation industry.

English Language Requirements
If English is not your first language an English language qualification is required for admission to all of our courses. 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.

Transcripts
An academic transcript is a document(s) provided by the academic institution where you undertake your studies. This is an official document which states all of the subjects you have undertaken during your studies and what grade you have achieved in each of those subjects, including your overall final grade if you have completed your qualification. Official or original academic transcripts are documents printed on the official headed paper of the institution where you studied and should be stamped by that institution. If this document is not in English you should arrange to have it translated.

Visa Requirements
Some students might have to get a student visa in order to come and study in Ireland. Regardless, all non EU/EEA and non Swiss citizens have to register on arrival with the GNIB.

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.

Commercial / Sales
Legal
Risk / Strategy
Portfolio and Asset Managers
Risk, Credit and Airline Analysts
Structured Finance
Financial Planning and Analysis
Capital Markets
Treasury
Technical Operations
Aviation Credit Analyst
Corporate and Structured Finance
Private Aviation

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.

Course fee

Fees
Fees FT EU: €16,150
FT Non-EU: €20,900

Fees PT EU: €8,100 pa
PT Non-EU: €10,450 pa

Subject to change yearly.

Enrolment and start dates

Starting: September 2017

Remember to mention gradireland when contacting institutions!