1:29 YouTube video

Federica Maiorano studied on the MSc in Shipping, Trade and Finance at Bayes Business School. In this video she talks about her ambition and how she was inspired by world renowned faculty at Bayes and studying in London.

Overview

Who is it for?

Your peers on the Energy, Trade and Finance postgraduate course will be on average, 24, with a minimum 2.1 or equivalent bachelor’s degree. It’s likely you will have a few years’ work experience either through an internship of full-time employment. You needn’t have any prior knowledge of energy, commodities, shipping or finance, although you should be comfortable with quantitative methods (mathematics and statistics).

Objectives

You’ll emerge from the MSc in Energy, Trade and Finance course fully equipped to operate effectively in the highly competitive international energy industry. You’ll gain a solid foundation in energy economics, markets and trading, and you will be able to formulate decisions for fossil fuels, electricity and renewables. Your studies will encompass energy transportation, especially seaborne, and will be rounded off with extensive study of finance and financial markets and essential and highly applicable quantitative, software and accounting skills. You can complement your core studies with elective modules or/and, if you wish, an independent research project.

The MSc in Energy, Trade and Finance is offered through The Costas Grammenos Centre for Shipping, Trade and Finance. The Centre is widely recognised and valued by practitioners and academics.

Since its launch in 1983, its three primary aims remain the same:

  • Offer high-quality teaching in its three interlinked disciplines of shipping, trade and finance
  • Produce high quality research in these areas
  • Create a forum for international dialogue between academia, industry and government and to link decision makers

This multi-disciplinary approach ensures that you are equipped with competitive skills and knowledge in the areas of energy, shipping, commodity trade and risk management, and finance.

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Energy, Trade and Finance
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Structure

What will you learn

On the Energy, Trade and Finance master’s programme, you will:

  • Develop your knowledge and understanding of the economics of exhaustible and renewable energy sources, their key supply and demand determinants, as well as their transportation, trading, pricing and risk aspects.
  • Demonstrate a systematic understanding of corporate finance, as well as financial markets, institutions and instruments.
  • Understand and critically evaluate current international issues in energy and commodities, finance and trade.
  • Formulate decisions in the energy sub-sectors of oil, gas, electricity, involving aspects such as refinery/petrochemical economics, energy transport solutions (pipeline/ship), generation and distribution of electricity, and managing energy risk.
  • Analyse factors affecting the energy, finance and commodity trade sectors.
  • Enhance your technical and analytical skills by learning applied quantitative techniques and software programmes that are required when working in the fields of energy, commodities, trade, transportation and finance.

Induction weeks

The course starts with two compulsory induction weeks which include relevant refresher courses (among which Quantitative Methods); an introduction to the careers and library services; and the annual careers fair.

Assessment methods

Assessment

We review all our courses regularly to keep them up-to-date on issues of both theory and practice.

To satisfy the requirements of the degree course students must complete:

  • eleven core courses (10-20 credits each) and five electives (10 credits each)

or

  • three electives (10 credits each) and an Applied Research Project (20 credits)

or

  • one elective (10 credits) and a Business Research Project (40 credits)

Assessment of modules on the MSc in Energy, Trade and Finance degree, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.

Term dates

Term dates 2022/23

  • Induction: 12th September 2022 – 23rd September 2022
  • Term one: 26th September 2022 - 9th December 2022

Terms two and three and exams to be confirmed.

Note: term one resit tests for the Energy / Shipping Trade and Finance degrees will normally take place in the week immediately prior to the August resit period.

Timetables

Course timetables are normally available from July and can be accessed from our timetabling pages. These pages also provide timetables for the current academic year, though this information should be viewed as indicative and details may vary from year to year.

View academic timetables

Please note that all academic timetables are subject to change.

Teaching staff

Course Director

photo of Ioannis Moutzouris

Ioannis Moutzouris

Academic expert working at Bayes Business School

The teaching staff on these MSc programmes have many years of practical experience working in industry and are also active researchers in their fields

This knowledge and experience inform the highly interactive lectures that make up these MSc programmes.

Module Leaders include:

Application

How to apply

Documents required for decision-making

  • Transcript/interim transcript
  • Current module list if still studying
  • CV
  • Personal statement - this should be around 500 words in length and answer the following:
    • Why have you selected this course? What are your motivating factors?
    • What are your areas of interest within the course?
    • What contributions do you feel you can make to the course?
    • How do you see the course affecting your career plans?

Documents which may follow at a later date

  • English language test result if applicable
  • Confirmation of professional qualification examinations/exemptions/passes, if applicable
  • Two references
  • For a successful application to receive an unconditional status all documents must be verified, so an original or certified copy of the degree transcript must be uploaded to the application form or e-mailed to the relevant Admissions Officer upon request

We cannot comment on individual eligibility before you apply and we can only process your application once it is fully complete, with all requested information received.

Individual Appointments

Unfortunately, as a result of the evolving situation regarding the coronavirus (COVID-19) pandemic, we can only offer online appointments to discuss your application. To book one, please get in touch with the relevant Admission Officer.

Please note - these are subject to availability.

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Chat to one of our current master's students now about applying for a MSc at Bayes.

Terms and conditions

Students applying to study at Bayes Business School are subject to City, University of London's terms and conditions.

Entry requirements

  • A UK upper second class degree or above, or the equivalent from an overseas institution.
  • Some level of previous study in finance or quantitative methods is preferred
  • Work experience is not a requirement of this course.

Interview

Applicants selected by the Admissions panel will be invited to an online interview with the course director. We will contact all selected applicants with full instructions after the Admissions Panel has made an initial assessment of your application.

We would strongly advise you to provide us with your own personal email address when applying to avoid missing interview deadlines and any important information sent from the Admissions Team.

English language requirements

  • If you have been studying in the UK for the last three years it is unlikely that you will have to take the test
  • If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS results and possibly to resit the tests to meet our requirements.

IELTS

  • The required IELTS level is an average of 7.0 with a minimum of 6.5 in the writing section and no less than 6.0 in any other section.

Some other English Language tests might be accepted

Fees

UK/EU/International £27,500 Tuition fees are subject to annual change

Fees in each subsequent year of study (where applicable) will be subject to an annual increase of 2%. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study (where applicable).

Application fee: Nil

Deposit: £2,000 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)

First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the induction period)
Second installment: Half fees (paid in January following start of course)

Information about Scholarships

Career pathways

Career destinations for MSc Energy, Trade and Finance

Graduates from the Energy, Trade and Finance course are typically employed in positions related to energy, metals and agricultural commodities; commodity trade; commodity risk management; shipping/freight operations; renewables; finance; and consultancy. Types of organisations and companies include:

  • Commodity trading houses (e.g. Glencore, LITASCO, Trafigura)
  • Oil & gas companies (e.g. ENI, Shell, Total)
  • Professional services and specialist consultancy firms (e.g. KPMG, PwC, Wood McKenzie)
  • Shipping-related companies (e.g. Arrow Shipbroking Group, Clarksons Platou)
  • Information providers about energy and commodity markets (e.g. Argus Media, S&P Global Platts)

Class of 2020 profile

Recent graduates have secured positions such as

  • Commercial Trader - Trading - ADM
  • Finance Graduate - Finance - CononcoPhillips
  • Oil Shipping Analyst - Shipping - Total
  • Junior Project Manager  - Engineering - Goldman sachs
  • Associate - Consulting - Deloitte

Where they are working now

  • Asia: 37.5%
  • EU/EEA: 29.2%
  • UK: 25%
  • North America: 4.2%
  • South America: 4.2%
  • Africa and Middle East: 4.2%

Industry post-master's

21% Energy/Utilities
17% Oil/Gas
13% Financial Services - Asset Management / Investment management
13% Shipping

The remaining industries are made up of 37%

Data provided from alumni who completed the annual destination data survey 2019/20.

Alumni stories

Fiona Walter
Fiona Walter
Energy, Trade and Finance
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Hear from our alumni. Discover the real experiences of learning at Bayes and how Bayes helped to boost our graduates' careers.

Read Fiona’s story

Course information and statistics (2021/22 cohort)

Man
25
average age of student body
Human brain
Industry experts
deliver guest lectures
Globe
19
nationalities in 21/22 cohort
Diploma/ certificate
1.7
average years of work experience

Accreditation

This course is accredited by the UK Energy Institute (EI). During the academic year, you have free membership to the EI, receive a free monthly publication and have discounted access to networking events for graduates seeking employment in the energy sector.

The MSc in Energy, Trade and Finance programme is also accredited by the Global Association of Risk Professionals (GARP). GARP is an industry-leading professional association dedicated to preparing individuals and organisations to make better informed risk decisions. The status is granted to top institutions whose degree content incorporates at least 70% of GARP’s Energy Risk Professional (ERP) Body of Knowledge, the first leading and global designation for energy professionals. The academic team works closely with GARP to ensure that our curriculum meets the latest global industry needs.

We are very pleased to welcome the Business School (formerly Cass), City University of London as a member of GARP’s Partnership for Risk Education. The MSc in Energy, Trade and Finance is a comprehensive, rigorous program that provides its students with strong preparation for pursuing the Energy Risk Professional (ERP) designation as well for a career in the dynamic field of energy risk management.William May, Global Head of Certifications and Educational Programs – GARP.

*Please note that all accreditations and exemptions are subject to change.  Please check if you have specific requirements.