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.
Graduates also gain:
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.
The Economics of the Air Travel Market and the issues and risks associated with aircraft ownership, valuation, leasing and financing.
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.
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.
This course offers:
- 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.
- A summer term research project/internship option enables graduates to either deepen their conceptual understanding and analytical skills or put their learnings into immediate practice in the field
Curriculum
The 1-year full-time and 2-year part-time formats of this course comprise core modules covering many aspects of econometrics, finance management and asset assessment.
In the autumn trimester, students complete 6 core modules.
In the spring trimester, students complete 4 core modules.
In the summer trimester, students complete 2 core modules, plus 2 option modules or an Aviation Finance project, or in a small number of cases, apply for a limited number of possible internships via a competitive recruitment process, including selection interviews with employers. Summer module registration takes place in March.
| Autumn Trimester | Spring Trimester | Summer Trimester |
|---|---|---|
|
Core modules
|
Core modules
|
Core modules plus one Pathway (A, B or C): Pathway A
Pathway B Pathway C |
Please be advised that the above reflects the 2024/2025 curriculum structure and is subject to change each year. Option modules listed are indicative of what has been delivered in previous years and are also subject to change. Note that module descriptors are updated in advance of each academic term.
The MSc Aviation Finance programme is intended for students who wish to pursue a career in the area of aviation finance. The programme aims to provide students with the skills, knowledge and background to begin a career in aviation finance and progress quickly to leadership roles (Purpose).
The educational values of the programme are to provide students with the knowledge and skills to; appraise, evaluate and manage financial risk and return; make informed financial decisions under uncertainty; employ financial models to analyse the aviation industry: develop a deep understanding of the economic underpinnings of the aviation industry; appreciate the legal, regulatory, accounting and taxation aspects of aviation finance; develop the cultural, negotiation and organisational expertise to operate in a truly global business; and communicate effectively with peers (education and subject/discipline/professional values).
The learning environment combines theoretical knowledge with industry application. In many cases, the theory in lectures will be further enhanced by small group tutorials. Furthermore, industry leaders will contribute to the programme through guest lectures and invited seminars. An internship option is further integrated into the programme (the nature of the learning environment for students). The programme uses multiple teaching, learning and assessment approaches. Modules will incorporate presentations delivered by practitioners with significant appropriate industry expertise. Industry experts in the area of aviation 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).
On successful completion of the programme students should be able to:
| Programme Goals | Programme Learning Outcomes |
| Programme Goal 1: Subject Specific Knowledge: Our graduates will be current in their knowledge of the theory and practise behind the aviation finance and leasing industry, supported by a strong thought leadership and varied learning experience. |
Articulate and explain current theory and practice underpinning aviation finance. Analyse and model aspects of the aviation industry by drawing on a variety of frameworks, concepts and tools. Critically assess the functional aspects of aviation finance and leasing. |
| Programme Goal 2: Critical and Analytical Judgement: Our graduates will be analytic and critical thinkers who will be able to make sound, socially responsible decisions. |
Decompose a problem to first principles in order to develop a general solution. Quantitatively assess the risk-return relationship underlying aviation finance. Qualitatively assess the legal, economic and accounting frameworks underlying aviation finance. |
| Programme Goal 3: Communication: Our graduates will be effective communicators in aspects relating to aviation finance and aviation more generally. |
Synthesise and summarise data, information and results from financial models and professionally communicate outcomes of the analysis & their recommendations to key stakeholders. Select and use appropriate communication strategies (oral, written & visual) to effectively communicate to peers and effectively engage Effectively negotiate contracts |
| Programme Goal 4: Ambition for Action and Contribution: Our graduates will be able to talk about, apply and act upon what they know and have the ambition and courage to collaborate, solve problems and contribute to business and society. |
Identify ways to add value in industry, drawing on the broad skills developed while undertaking the programme |
Global Leadership Programme (GLP)
Our optional Global Leadership Programme (GLP) offers you a unique opportunity to engage in a diverse range of co-curricular professional development activities alongside the modules you take on the Master's programme. Participation in the GLP can give you an advantage over similarly qualified job candidates and increase your readiness for success in the workplace.
Sustainable Development Goals
As part of the curriculum, students are engaged with issues related to sustainability in all of its many facets, including responsible leadership, responsible consumption and production, climate action, and inclusive business practices. As educators, we believe in the value of exposing our students to a variety of perspectives on the role of business in society and equipping them with the knowledge and skills they need to tackle even the most intractable problems. Our programmes seek to develop informed and imaginative leaders that are mindful of responsible and sustainable business objectives and practices and embed a number of the UN sustainable development goals (SDGs) in the curriculum.
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