Msc in Ecological and Impact Finance
Paris, France
DURATION
1 Years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
Request application deadline
EARLIEST START DATE
Sep 2025
TUITION FEES
EUR 24,000 / per year *
STUDY FORMAT
On-Campus
* shot track and long track
Early Bird discount of 5% off tuition fees
For any application completed before February 28th, 2025
Introduction
Accredited by the Conférence des Grandes Écoles (CGE) and recognized by the French Ministry of Higher Education, the Master of Science Ecological and Impact Finance offered by KEDGE Business School is designed for professionals seeking comprehensive expertise in sustainable, ecological, and impact finance. Delivered entirely in English, this program equips participants with advanced knowledge of sustainable finance tools, specializing in extra-financial analysis and international finance. Graduates emerge with a finely honed skill set that meets the growing demand from companies navigating ethical and societal considerations in their investment decisions and strategic planning.
KEDGE Business School’s Master of Science in Ecological and Impact Finance is a double degree program. It delivers a Master of Science accredited by the conférence des Grandes écoles (CGE) and a diploma recognized by the French Ministry of Higher Education.
Program Highlights
Support Ecological Values in the Financial Industry
The financial industry has now integrated sustainability into its core, but too few corporations are really engaged, considering the sustainable finance gap to be filled for the Sustainable Development Goals (SDGs). Beyond learning how to tackle sustainable issues in financial systems, you will learn how to transform strategies, and decisions and support companies to move toward impact assessment and measurement. You will receive learnings entirely dedicated to the ecological realities, in order to manage better your future financial actions. The deep ecological values transmitted by our staff and faculty will allow you to imagine the desirable realities you want to interact with and promote.
A Cutting-Edge and Innovative Curriculum
The values of our faculty, anchored into the ecological finance theory developed at KEDGE Business School, will allow receiving innovative learnings and experiences, integrating degrowth/post-growth debates, and cutting-edge courses and learnings such as ecological accounting, sustainable monetary systems, alternative money and finance, sustainable governance, anthropology of finance, energy and climate issues, etc. This way of learning, experimenting by yourself in projects such as the “Make your Impact Challenge”, is aligned with the ‘learning-by-doing’ KEDGE’s Philosophy.
An International and multi-campus Curriculum
Through the MSc Sustainable Finance program, KEDGE offers students a background in international corporate finance featuring:
- Opportunity to engage in a 4 to 6-month exchange with a partner university during the first year (M1)
- A full-time English curriculum in the second year (M2) at our Paris campus, taught by professors and lecturers with extensive experience both in France and internationally.
Admissions
Scholarships and Funding
At KEDGE, we strongly believe that students shouldn’t abandon their education projects because of funding problems. This is why we have launched a financial support plan tailored to international candidates' backgrounds, countries of origin, situation, and prior educational achievements:
- Early Bird discount for early completion of your application: 10% before November 30 and 5% before February 29
- Excellence scholarship based on merit
- Solidarity Scholarship, a grant on social criteria
- Diversity scholarship intended for students hailing from a range of international, cultural, or social backgrounds
- Partner Scholarships for applicants joining the school via a “pathway agreement” with a partner institution
- Alumni scholarship for alumni wishing to pursue further education at the school
- LPDP - Campus France scholarship for Indonesian student
- Welcome to the France scholarship, for talented international students applying before April 10th
Curriculum
Short Track
Semester 1 & 2
Block 1 – Ecological, Economic, and Financial Realities (Semester 1)Living in the Anthropocene
- Energy & climate issues
- The Making of Finance - anthropology of finance
- Global economy & geopolitics
- Emerging markets finance
Block 2 – Promote Ecology and Impact in Financial Realities (Semesters 1 and 2)
- ESG Data & Reporting
- Sustainable Governance
- ESG Risks
- Climate-Related Financial Risks and Modelling
- Sustainable and Financial Integrated Analysis - ESG Fund Strategies
- Capital-Investment and Impact Investing
- CSR & Tax
- Green Banking
- Financing Biodiversity
Block 3 – Transforming Finance through Ecological Desirabilities (Semester 2)
- Ecological accounting
- Sustainable monetary systems
- Alternative money & finance
- Debunking "degrowth" conferences
Additional Content
- 'Make Your Impact' challenge
- 'Double Materiality' experience
- Research memo methods
- Mentoring for memos with partnerships (PRI grant)
- Study trip
- 4-6 months internship
- Research memo/dissertation
Degree Requirement and Assessment Method
Degree requirements:
All degree requirements must be successfully completed. The awarding of the diploma will be confirmed by the examination board.
Assessment methods:
Evaluation methods may include a variety of approaches such as case studies, presentations, practical exercises, written tests, group projects, and oral assessments. These diverse methods allow for a comprehensive and in-depth evaluation of the skills and knowledge acquired.
Long Track
Semester 1
- Strategic thinking
- Financial performance
- Data management
- Excel certification (TOSA)
- Business & ecological transition
- Business & social change
- Sustainable environment for organizations
- Public speaking
- Visual communication & sustainable improvement
Semester 2
- Team management
- Business & sustainability
- ChatGPT leadership lab
- Coding skills
- Open Innovation Challenge (applied corporate project)
Pre-specialisation courses
- Corporate finance
- Capital markets (Bordeaux)
- Management control (Marseille, Paris)
- Sustainable finance certificate
Additional content
- 4- 4-month internship (in France or abroad) or academic partnership
Program Outcome
Skills
Financial Expertise and Practical Knowledge of Financial Tools With a Strategic Perspective
With corporate strategy at its core, this training allows you to acquire expertise in financial practices and tools on :
- Long-term financial management: financing structures and choices, financial and intangible valuation, capital market financing, etc.
- Asset management: financial analysis and diagnosis, put into practice and familiarisation with IT tools such as Reuters, VBA, R ...
An Extra-Financial Expertise That Gives You a Differentiating Advantage
This sustainable finance course lets you acquire combined financial and non-financial expertise. This is often essential as financial careers move from mere asset management roles to those with a greater consideration of social issues in investment decisions and corporate financial choices. All MSc training streams include courses and lectures that deal with :
- Investor Responsibility
- Extra-financial factors, and performance and impact factors in investing
International Business Finance Skills
A comprehensive English program with teachers, instructors, and a network of international partners lets you interact in a globalized economy with an open mind toward the local community and the rest of the world.
Open to the world and focused on the real needs of the market in sustainable finance and corporate finance, the MSc Sustainable Finance program gives you a head start to make a difference. During the course, you’ll adopt a new point of view on finance as it is today, and what it will be tomorrow thanks to our innovative teaching approach.
A Capacity to Adapt to All Sectors of the Financial Environment
Thanks to the multisectoral approach of this course, you’ll be able to work in financial careers at the micro, meso, or macro-environmental scale within tertiary, industrial, or financial companies, start-ups, micro-enterprises, SMEs, listed companies on the stock market and national or supranational entities.
Career Opportunities
The European market for sustainable finance or SRi (socially responsible investing) represents 53% of the world market estimated at $23 trillion. This means that more than one out of every two assets is managed in a sustainable and responsible manner, i.e. around $12 trillion. The French market accounts for about 15% of the world market.
Source: Global Sustainable Investment Alliance (GSIA).
All professions in investment and asset management, including additional extra financial expertise associated with the transformation of financial careers in the sector:
- ESG / SRI / Integrated analyst
- Sustainable/responsible / SRI portfolio manager for asset management companies or investment funds
- Impact investor in private equity funds and venture capital firms
- Green banker (expert in green and sustainable bonds origination and structuration, in green and sustainable loans…)
- Manager in a consulting firm specializing in sustainable or responsible financing strategy
- Consultant / Expert on CSR / sustainable communication strategy and integrated reporting
- Social / Environmental auditor in big-4 or specialized auditing firms
- Biodiversity analyst/consultant
- CSR and SRI relations manager
- Green Data analyst/scientist
- Policy or advocacy analyst/officer in NGOs or asset management companies
- Entrepreneurs in ecological and social projects/startups
- All financial careers that require dual expertise in financial and sustainable matters: financial analyst, CFO, risk manager, portfolio manager, etc.
Program Admission Requirements
Show your commitment and readiness for Grad school by taking the GRE - the most broadly accepted exam for graduate programs internationally.