MSc Climate Change, Management & Finance
A one-year master’s, in partnership with the Grantham Institute, exploring complex interrelations across business, climate science and policy.
Key programme information
Gain the business acumen and scientific expertise for careers in finance, consulting and sustainability
The MSc Climate Change, Management & Finance programme is run in collaboration with the Grantham Institute - Climate Change and the Environment, connecting you with industry, policymakers and cutting-edge researchers. You will build a rigorous foundation in business, finance, quantitative methods and climate science, learning how to apply these disciplines to the economic and strategic challenges of the climate transition. With 95% of our graduates employed within six months (Class of 2024), at leading organisations such as BCG, Goldman Sachs, BlackRock and the EBRD, you will be well prepared for careers across consulting, finance, investment and the wider climate transition.
Enjoy the highly interdisciplinary curriculum, shaped by our expert advisory board of industry leaders.
Apply your learning and skills to real-world business challenges through workshops and placement opportunities, with the flexibility to extend the programme to 16 months and undertake a longer work placement if you choose.
Tailor your learning to suit your career ambitions through a wide range of electives, with the option to specialise in either management or finance.
MSc Climate Change, Management & Finance: Alumni paths - Muaz's story
The ³Ô¹ÏºÚÁÏ advantage
What makes ³Ô¹ÏºÚÁÏ unique is how it integrates the scientific foundation of climate change into a business education. We’re not only learning about financial theory or markets in isolation; we’re also engaging with the science behind the risks and opportunities. For me, this means that when I leave ³Ô¹ÏºÚÁÏ, I won’t just be equipped with technical skills, but with the perspective and evidence to drive decisions that are robust, credible and impactful.
Programme content
Our MSc Climate Change, Management & Finance is a one year, full-time programme designed for recent graduates and professionals with a passion for climate change and sustainability.
All students begin with pre-study modules which ensure you are prepared for the academic rigour of the programme.
You will then complete eight core modules that equip you with a broad understanding of key concepts and theories, from Principles of Finance to Quantitative Methods and The Science of Climate Change. Your programme will include guest lectures led by industry experts.
You can tailor your learning to your interests and ambitions through a wide selection of electives and the option to specialise in either management or finance. Whichever pathway you choose you will also take electives in the alternative specialism, giving you a well-rounded knowledge base.
In the Summer term you will apply the skills you have acquired to real business challenges, choosing either:
- a group Consulting Project, applying your skills to solve a real business problem and gaining valuable consulting experience;
- a Work Placement, building your professional network and gaining real workplace insights;
- an Individual Research Report, which is most suitable for students interested in undertaking doctoral research after the programme.
You will also have the option to extend your programme to 16 months and undertake an Extended Work Placement, gaining deeper work experience credentials and boosting your marketability with potential future employers (subject to an additional fee).
Please note, programme content is subject to change. Candidates who fail to successfully complete this degree are not entitled to a Postgraduate Certificate or Postgraduate Diploma.
Additional programme composition information
Through a combination of online pre-study modules and induction week you will be ready to hit the ground running and maximise your learning on the programme.
Programme preparation
Online pre-study modules Online
July-August
Before the start of your programme you will be expected to complete online pre-study modules. These are delivered via Canvas, our virtual learning environment (VLE). These modules are designed to prepare you for the remainder of the programme.
Induction week On campus
On campus | September
Your MSc Climate Change, Management & Finance induction will be spent at our vibrant South Kensington campus in London. You’ll be invited to a welcome event, where you can meet and network with your fellow students, distinguished faculty and dedicated Programme team and get a taste of life at ³Ô¹ÏºÚÁÏ.
Core modules
You will undertake eight core modules designed to equip you with a broad understanding of key concepts and theories.
Bridging Knowledge and Practice: Climate and Business Perspectives
This module brings together guest speakers from diverse industries, providing insights into trends, challenges and opportunities. You will develop key communication skills to convey complex concepts effectively. The module integrates learnings from all parts of the programme and tests your comprehension and ability to apply knowledge, preparing you to address real-world challenges in the evolving climate economy.
Business Economics, Climate Change and the Environment
The aim of this module is to introduce the economic concepts needed to understand climate change and environmental policy, with a particular focus on their relevance for business. You’ll explore why climate change is an economic problem and examine key policy tools, including carbon pricing, regulation, subsidies and international cooperation. You’ll also consider wider debates around climate damages, green growth, industrial policy, trade, the just transition and adaptation.
Carbon Accounting and Reporting
This module will show how accounting is necessary for both organisational finance and management. You’ll also learn to quantify environmental impacts and carbon emissions. It will address the technical aspects of management accounting practices. This supports the effective definition and delivery of strategic objectives.
Impacts and Adaptation to Climate Change
Adaptation is a pervasive theme of the climate change discourse at every level of governance. You will learn about the evolution of adaptation concepts, adaptation opportunities and responses, the limits to adaptation, maladaptation and disaster risk management. You will also learn about tangible action in terms of engineering and technology, ecosystem-based, institutional or social interventions.
Mitigating Climate Change
Utilising the world-class expertise from across ³Ô¹ÏºÚÁÏ, you will learn about climate change mitigation strategies. We will examine technological strategies and national climate change mitigation plans from major greenhouse gas emitters. You will gain the knowledge and tools to develop effective, cost-efficient strategies for mitigating climate change at global, sectoral and local levels.
Principles of Finance
The module will give you a solid foundation in financial theory. You’ll also be introduced to the main issues related to financial decision-making and investment practice. The module will include the basic principles of corporate finance, financial markets and the interaction between the two.
Quantitative Methods
Mathematics and statistics are integral to business, accounting, economics and climate change science. You will study the principles and techniques, developing a structural analytical framework that will enable you to organise and interpret business data.
The Science of Climate Change
You will come away from this module understanding the scientific basis of, and the need for action on, climate change. You will learn how numerical modelling is used to provide quantitative scenarios for future environmental change. Using a combination of data analysis and modelling, this module covers the greenhouse effect, atmospheric and ocean dynamics, historical climate change and natural versus anthropogenic climate variability.
Elective modules in management and finance allow you to personalise your programme based on your career interests. You will select seven elective modules (subject to availability), with the option to specialise in either management or finance. Regardless of the specialisation, you will take two electives from the other pathway to ensure a well-rounded education.
Alternatively you can choose a more balanced route, taking three modules from one pathway and four from the other. When you graduate, all students receive the same MSc Climate Change, Management & Finance award title.
Personalisation
Finance pathway
These electives equip you with cutting-edge tools, real-world insights and global perspectives to navigate climate finance and risks, clean tech investing, ESG activism and innovative finance—preparing you to lead in a rapidly transforming financial landscape.
Climate Finance: A Global Overview
This module starts by providing you with an overall review and estimates of global climate finance requirements, based on a range of sources going from global estimates to national, sectoral and project levels. You will then identify different types of climate mitigation and adaptation projects and describe the range of financing instruments including both traditional and innovative instruments for large and small projects. The module includes a review of financing sources, both private and public, the project cycle and complementary activities to financing, such as policy advice and technical assistance.
Finance in CleanTech
The purpose of this module is to apply the concepts you have learned in your Corporate Finance module to the real-world context of climate investing by sophisticated financial investors. We will focus on clean energy investments as a way of grounding ourselves in the basic principles but seek to consider other profitable ways for the private sector to undertake climate change mitigation and adaptation.
Financial Markets & Climate Change
This module will provide you with a basic understanding of the main financial market issues relating to climate change and cover the latest financial market developments. You will cover climate related financial risk, sustainable asset management, climate change risk for financial institutions, and central bank supervision. You will examine physical, transition and legal risks that financial institutions are increasingly exposed to. Some of the topics covered include the pricing of climate change risk, the role of climate risk disclosures, climate stress tests, net-zero aligned portfolio construction, financial regulation, monetary policy, government regulation and technical change in renewable energy.
Risk Management & Climate Change
In this module you will be introduced to the concepts of risk and risk management in general in relation to environmental and climate change. You will discuss why risk is costly to firms, post-loss financing tools and risk management tools such as hedging, insurance and self-insurance. Climate risk will be covered as cutting across different categories faced by corporations, such as market, credit, operational and reputational risks. The module will place a particular emphasis on the design and use of climate risk scenarios that can reveal a firm's vulnerabilities or gauge capital requirements in the case of regulatory stress tests. The last part of the module will discuss financial innovation and its role in managing climatic risks.
Shareholder Activism & Corporate Responsibility
The objective of the module is threefold. First, to give you an introduction to current practice. The main issues in environmental, social and corporate governance (ESG) and corporate responsibility that are discussed among policymakers, corporations, investors and scholars from law, finance and economics will be covered. The topics will be approached from an international comparative perspective. Second, to familiarise you with analytical tools used by ESG analysts. Third, to illustrate how practical ESG challenges, like crises, mismanagement or activist shareholder interventions can be addressed and resolved.
Management pathway
These electives empower you to shape strategy, influence policy, drive sustainable innovation and consumption, and rethink marketing for a low-carbon world—equipping you to lead the transition towards a net-zero, resilient and purpose-driven economy.
Climate Policy & Governance
This module offers an opportunity to explore the role of governance in driving climate change action and business development at local, national and global scales. You will examine how governance supports mitigation and adaptation, consider the role of key stakeholders in shaping policy making, and analyse why governance will be an important component of the future net-zero, resilient world. The module will enable you to develop a deeper appreciation for policy challenges to delivering climate action and for the role of policy in shaping business decisions and outcomes.
Energy Business & Strategy
The aim of the module is to explore how energy companies are responding to the need to provide secure, affordable, supplies of energy while minimising its environmental and social impact. It will emphasise the role of technology and behaviour in expanding the options available to us, and the way in which technological features of different energy sectors affect their business models and economic performance.
Innovation for Climate Change & Cleantech Solutions
It is clear that society needs innovators who will develop the next generation of smart businesses that achieve success whilst minimising waste, energy consumption and greenhouse gas emissions. In this module, you will work in teams to develop an innovative cleantech business proposition. These are defined as innovations of products and services that avoid or diminish the adverse environmental effects of human activity. You will be guided through the stages that take a nascent idea and an untested team to the point where the team has a well-formed cleantech idea that can be pitched to an investor or sponsor.
Sustainable Management & Strategy
This module will address the topic of sustainability from a strategic perspective, with a particular emphasis on decision-making and trade-offs. Topics covered include: the drivers of sustainability; the business case for sustainability; sustainability and competitive advantage; integrating sustainability into the supply chain; sustainable investing and sustainability reporting.
Sustainable Marketing & Consumption
Global shifts in consumption patterns are urgently needed to tackle climate change and environmental degradation. This is the challenge the Sustainable Marketing & Consumption module attempts to address: how to balance short- and long-term goals, financial profit and environmental footprint, customers' and societal needs. The module will delve into the obstacles that prevent marketers and consumers from acting in an environmentally sustainable manner, what companies, governments, and consumers can do to overcome them, and how to systematically test the effectiveness of sustainable marketing tactics and strategies.
In the summer term, you can choose between a group consulting project, work placement or individual research project.
Applied learning
Consulting project
Summer
The consulting project will be delivered for a real client. You will use the material from the programme to address a specific problem and deliver it as part of a team.
You can take the opportunity to complete your project abroad. This will allow you to experience the corporate environment in a country other than the UK. The Business School and the Grantham Institute leverage their wide network of organisations to help students secure projects.
Individual Research Project
The Individual Research Project (IRP) constitutes a piece of research conducted by you under the supervision of a faculty member (supervisor) on the MSc Climate Change, Management & Finance programme. The project is usually embedded in the proposers larger research agenda. The supervisor offers an IRP opportunity (i.e. general research questions, tasks and required methodological skills) and you will have the opportunity to apply for the IRP "position". You can also source your own IRP, though this will need to be approved.
Much like the consulting projects and work placements, IRPs run from June to August, but can vary slightly depending on mutual agreement between you and your supervisor. At the end, you will submit a project report for final assessment. IRPs are offered to those individuals who desire to strengthen their substantive, theoretical, methodological and empirical training in an area of interest. A detailed booklet on the IRP, including information about deadlines will be issued during the course.
Work Placement
Summer
The Work Placement gives you the opportunity to apply the material of the programme to an immersive and challenging business situation. It could be carried out with an international or national organisation with a business focus.
You can take the opportunity to complete your Work Placement abroad. This would allow you to experience the corporate environment in a country other than the UK. The Business School and the Grantham Institute leverage their wide network of organisations to help students secure placements.
Extended Work Placement
With the Extended Work Placement you will access additional work placement opportunities. This includes longer summer internships in the UK and worldwide. You will gain deeper work experience credentials and boost your marketability with potential future employers.
Employers in Europe often view internships as a critical step in the hiring process, and by participating in longer internships, you can demonstrate your commitment and capabilities, making you a more attractive candidate for future roles. You will also graduate with additional credits, which is particularly valued by employers in Europe.
Please note that additional fees apply for the Extended Work Placement.
Programme content FAQs
- How is MSc Climate Change, Management & Finance structured?
- What is the difference between the management and finance pathways?
- How quantitative is MSc Climate Change, Management & Finance?
- How and when do I apply for the Extended Work Placement?
- Does my Work Placement have to be in the UK, or can it be anywhere in the world?
- What is the benefit of doing an Extended Work Placement via the extended term option over doing it on my own?
- How is MSc Climate Change, Management & Finance assessed?
- Do you offer any programmes on a part-time basis?
- Which team should I contact for help?
Before the programme begins you will complete some online pre-study modules. You will then complete eight core modules throughout the year.
From the Spring term you can tailor the programme to your interests, choosing seven elective modules from a choice of two pathways: finance and management.
In the Summer term you will apply your learning to real business scenarios, choosing between a Consulting Project, Work Placement or Individual Research Project. You will also have the option to extend the programme to 16 months to undertake an Extended Work Placement.
For more information
MSc Climate Change, Management & Finance offers elective modules in management and finance, allowing you to personalise your programme based on your career interests.
- The finance pathway will allow you to navigate climate finance and risks, clean tech investing, ESG activism and innovative finance, preparing you to lead in a rapidly transforming financial landscape.
- The management pathway will empower you to shape strategy, influence policy, drive sustainable innovation and consumption, and rethink marketing for a low-carbon world—equipping you to lead the transition towards a net-zero, resilient and purpose-driven economy.
You can choose to specialise by taking five electives from one pathway and two from the other.
Alternatively, you can take a more balanced route, choosing four electives from one pathway and three from the other. This option is well suited to students who want to maintain a broad interdisciplinary focus across management and finance.
Whichever route you choose, you will graduate with the same MSc Climate Change, Management & Finance degree.
All of our programmes are academically rigorous and include a quantitative component. Therefore, all candidates are expected to have a basic level of mathematics before the start of the programme.
Your quantitative experience should typically include topics such as advanced calculus, probability, statistics and linear algebra.
No additional application is required before the start of your programme. When you begin your programme, you will be fully briefed on how you can opt in for the Extended Work Placement.
You will apply in term two of your programme. You will then be required to secure your own internship. The Careers team is available to support you in your search. Find out more about Careers.
If you have questions in advance of the programme start date, you can reach out to the Recruitment & Admissions team at business.school@imperial.ac.uk.
You can secure work placements globally, but it is your responsibility to secure the necessary visa permissions if the work placement is outside of the UK.
The Extended Work Placement allows you to undertake internships of four to six months as an assessed part of your programme, retaining student status for the duration of the internship. Students who complete the extended programme will also graduate with additional credits.
Assessment on the MSc Climate Change, Management & Finance combines individual and group work, reflecting the range of analytical, academic and professional skills developed throughout the programme. Depending on the module, you may be assessed through written exams, essays, reports, case studies, presentations and other coursework, as well as class participation. The mix of assessment methods varies by module, giving you opportunities to demonstrate your knowledge through both individual analysis and collaborative work.
Almost all of the MSc programmes we have available are 12 or 16 month, full-time programmes. The only exception is our MSc Strategic Marketing (online, part-time) programme, which is available on a part-time basis.
Please note that before you contact us you should also check information on the Business School or university website. If your question isn’t answered, please contact the appropriate team below.
General application queries
Recruitment & Admissions team
business.school@imperial.ac.uk
Deposit and tuition fee invoice queries (including refunds) or to check if your payment has been received
Tuition Fees team
tuition.fees@imperial.ac.uk
+44 (0) 20 7594 8011
To check if your documents have been received or for queries regarding your CAS number
Central Admissions
business.admissions@imperial.ac.uk
+44 (0) 20 7594 7258
Career-related queries from admitted students
Careers team
ib.careers@imperial.ac.uk
Visa and immigration queries
International Student Support
international@imperial.ac.uk
+44 (0) 20 7594 8040
Accommodation queries
accommodation@imperial.ac.uk
+44 (0) 20 7594 9444
General student information and advice
Student Hub
student.hub@imperial.ac.uk
+44 (0) 20 7594 9444
Advice on budgeting and London living costs or on external scholarships
Student Financial Support
student.funding@imperial.ac.uk
+44 (0) 20 7594 9014
If you’ve submitted your application but haven’t received your CID number
Registry Systems
registry.systems@imperial.ac.uk
Password or technical issues with your ³Ô¹ÏºÚÁÏ Gateway account
IT Service
deskservice.desk@imperial.ac.uk
+44 (0)20 7594 9000
Careers and employability
Dedicated support from the moment you accept your offer
³Ô¹ÏºÚÁÏ Business School Careers provides world-class support that is tailored to your own individual career aspirations and is an integral part of our MSc Climate Change, Management & Finance programme.
A number of personalised services are provided before you start and throughout your time at the Business School to support you in securing a job in the sector of your choice. With close links to industry and a busy calendar of events, workshops and one-to-one support, you will be prepared to enter a highly competitive recruitment market.
Want to hear directly from our students?
Employment outcomes refer to graduates of the Class of 2025.
Employment outcomes refer to graduates of the Class of 2025.
Employment outcomes refer to graduates of the Class of 2025.
The support has been excellent. One standout moment was a one-to-one mentoring session through the Careers team — it gave me clarity on navigating climate-focused networks and carving a path that blends purpose with entrepreneurship. From tailored advice and strategic introductions, the Careers team has helped me shape not just a job search, but a long-term vision.
Additional careers and employability information
Pre-study support
Once you are accepted onto the programme you will gain access to Canvas, the Business School’s virtual learning environment. Here you will find the Careers Primer, which will support you to clarify your career goals. Completing the Primer is required before you can access the full Careers Service. The Primer includes:
1. Foundations for career success
This online module will help you develop your career strategy and understand how to market yourself effectively.
2. Writing your ³Ô¹ÏºÚÁÏ Business School CV
You will create your CV in line with the ³Ô¹ÏºÚÁÏ Business School template and be guided in using AI to enhance it.
Webinars
During the summer prior to starting your programme, Careers will deliver multiple webinars. These sessions provide information about the service, how it will support you and offer insights on the graduate recruitment market. You will also be invited to webinars with the International Student Office to understand post-study work options and visa requirements.
Career Consultants
Our Careers Consultants bring deep sector expertise, human insight and up-to-date knowledge of the evolving AI landscape. They will help you navigate this environment with confidence, combining the power of digital tools with your own authentic voice and judgment.
You will have access to our expert team throughout the year to help you reach your goals. You will set up at least one initial appointment in the Autumn term, as well as attending an induction presentation. You will then have access to a mix of one-to-one and small group appointments offering the following services:
- application support including CV, cover letter and personal statements;
- career planning to identify your skills and strengths;
- case study or case interview practice sessions;
- guidance on how to negotiate job offers;
- mock interviewing to gain feedback on your interview technique;
- practising your ‘pitch’ or improving your LinkedIn profile;
- technical interview preparation.
Workshops
We run a broad range of workshops each year to develop students' professional skills and improve their employability prospects. Across all our workshops, we combine the best of human and AI support, ensuring that the skills you develop are grounded in the realities of today's AI-driven workplace. Some of these workshops include:
- Emotional Intelligence for Business
- Job Search for Experienced Students
- LinkedIn Guys - Accelerate your Career Online
- Managing Cultural Difference in the Workplace
- Presenting with Impact
- Sector specific sessions
- Succeed at Interview
- Understanding your Teamwork and Leadership style with MBTI
Workshop themes are indicative and may be updated each year.
Industry Links
We work alongside alumni and employer representatives from global organisations, small and medium sized firms and start-ups, including Citi, J.P. Morgan, Morgan Stanley, Bloomberg, Amazon, Deloitte, Barclays, Deloitte, Nomura, PwC, and UBS.
Guest lectures
As part of your programme we host notable guest lectures from leading companies to give you industry insight and a perspective into the key challenges facing the business world today.
Company presentations and panel events
We also host a variety of exclusive employer events, where you will find out about opportunities within their organisations and what they look for when recruiting graduates. This can range from company presentations, networking, panels, one-to-one sessions and workshops that offer you the chance to engage with a variety of business representatives or alumni.
Careers fairs
We hold a cross-sector on-campus Careers Fair every September, providing students with the opportunity to network with representatives from a number of companies in their chosen sector.
Careers Week
During the Autumn term we host a dedicated Careers Week for all students on our Finance Master's programmes. This is an opportunity to attend employer events, workshops, industry sessions, panel events, connect with alumni, attend career consultations and also work independently on your networking and career strategy.
Sessions are tailored to various sector interests and also cover topics relevant to all students; from those seeking internships and permanent roles to those working on their own ventures.
Career Clubs
The Business School supports a number of student-led , providing extensive networking opportunities with students, alumni and other professionals.
There are clubs aligned to regions and core industry sectors, as well as clubs to promote the visibility of underrepresented groups.
International support
³Ô¹ÏºÚÁÏ Business School has built extensive international connections. Our Global Hubs in Asia-Pacific (APAC) and Europe deliver a variety of region-specific events, workshops and career development advice, along with industry-specific information, employment opportunities and networking connections.
We also offer a range of online resources for students seeking international opportunities and host workshops for international students wishing to work in the UK after graduation.
E-resources
You will have access to a wealth of excellent career e-resources to help you with initial career ideas all the way through to negotiating a job offer. These include insightful industry guides and company information, access to industry experts and guidance on pay negotiation.
For those considering a career in finance: you will also have access to Wall Street Prep, which will enable you to improve your advanced Excel and financial modelling skills.
For those interested in the consulting sector: Case Coach can support you with preparing for interviews.
With 95% of our graduates employed within six months, the MSc Climate Change, Management & Finance sets you up for career success. Some of the roles undertaken by graduates include:
- Climate Consultant
- ESG Analyst
- ESG Consultant
- Forest Carbon Business Developer
- Global Procurement Sustainability Specialist
- Investment Analyst
- Net Zero Engagement Manager
- Sustainability Director
- Sustainability Specialist
Graduates gained employment at a wide range of top global companies including ecoact, ERM, the Oil and Gas Climate Initiative and Trove Research.
- 59% | UK
- 21% | Asia/Pacific
- 16% | Europe
- 4% | Americas
- 0% | Africa/Middle East
- 45% | Finance
- 20% | Consulting
- 12% | Energy
- 8% | International Organisation/Government/Nonprofit
- 7% | Technology
- 3% | Other
- 2% | Media
- 2% | Real Estate
- 1% | FMCG
Class profile
Studying MSc Climate Change, Management & Finance at ³Ô¹ÏºÚÁÏ Business School means that you are part of a very special community – a community that lasts a lifetime. You will form lasting relationships with high-calibre students from across the globe that will enrich you both professionally and personally, and make the experience all the more meaningful.
At a glance
Additional class profile information
Our students come from all over the world.
- 48% | Asia/Pacific
- 26% | Europe
- 20% | UK
- 13% | Americas
- 3% | Africa/Middle East
At ³Ô¹ÏºÚÁÏ you will connect and collaborate with a global student cohort from varied professional and academic backgrounds.
- 22% | Science/Medicine
- 20% | Economics
- 19% | Business/Management
- 15% | Engineering/Technology
- 13% | Finance/Accounting
- 11% | Arts/Humanities
Admissions and entry requirements
Applications for our MSc Climate Change, Management & Finance 2027 intake are open.
The programme has one intake each year in August. As the programme is highly competitive we recommend that you apply as early as possible.
We take a holistic approach to admissions, considering not only your academic and professional achievements, but also who you are, what motivates you and how you collaborate with those around you.
Recruitment & Admissions team one-to-ones
Meet with a member of our Recruitment & Admissions team in a city near you to:
- discuss our MSc programmes and understand which is best for you;
- learn about the opportunities available for students at ³Ô¹ÏºÚÁÏ;
- get tips on crafting an application that stands out.
Start dates
September 2027
Next application deadline
6 January 2027
74 days remaining
Additional admissions and entry requirements information
Academic requirement
You should have a First or Upper Second Class Honours undergraduate degree from a recognised university or the international equivalent in a highly quantitative discipline such as:
- economics
- engineering
- mathematics
- science
Prerequisite knowledge requirements
Your quantitative experience should typically include topics such as advanced calculus, probability, statistics and linear algebra.
You should use the Quantitative Experience Statement on the application form to list the most advanced quantitative courses that you have taken in your academic career to date and to provide brief examples of the relevant topics covered by the programme.
Internships and work experience
Work experience is not a requirement, although undertaking relevant internships and work placements and listing them in the ‘Industrial/Professional Experience’ section of your application form will add weight to your application. We also like to see that you have taken part in climate and environmental-related projects and events in both academic and professional settings.
English language requirement
All home, EU and overseas applicants must demonstrate English language proficiency. Students who were not awarded their degree in a qualifying English-speaking country must demonstrate their proficiency by completing an approved English language qualification at the required level. Minimum test requirements for the most popular tests are:
IELTS (academic): A minimum score of 7.0 with minimum scores of 6.5 in all elements.
TOEFL iBT:
- Tests taken before 21 January 2026: A minimum score of 100 overall with minimum scores of 22 in all elements.
- Tests taken after 21 January 2026: We accept an overall score of 5.0 with minimum scores of 5.0 in all elements.
We will accept both scores for a period of two years.
Duolingo English Test: 125 overall with no less than 115 in any band score.
GMAT or GRE
GMAT is not required for MSc Climate Change, Management & Finance but will add weight to your application. For the , you will need scores in the 90th percentile. Similarly, if you are taking the GRE, you will need scores in the 90th percentile. Scores are valid for five years from your appointment date.
GMAT or GRE is highly recommended for candidates with less quantitative degree backgrounds to strengthen your application for this highly competitive programme.
References
You will need to share the contact details of two academic referees or one academic and one professional referee.
Please note we cannot accept references sent from personal or free email addresses, such as Gmail, Hotmail, Yahoo etc.
Essays
Essays are a vital part of your application. The questions for the MSc Climate Change, Management & Finance programme are:
- Please discuss your career plans after graduation. (350 words)
- Why do you want to study at ³Ô¹ÏºÚÁÏ Business School and how will you contribute to our community? (500 words)
- ³Ô¹ÏºÚÁÏ’s values are Respect, Collaboration, Integrity, Innovation, and Excellence. Describe a time when you embodied one, or more, of these values and explain the impact it had. (500 words)
If you want to build interdisciplinary skills to make a real impact in the areas of climate and sustainability, then MSc Climate Change, Management & Finance could be a good fit for you. This programme is designed for recent graduates and career professionals with strong academic backgrounds.
You should have a clear vision for how you can help shape a positive future for our planet, putting what you learn from our world-class faculty into practice.
Alongside academic achievements, we’re looking for people who have a passion for climate and sustainability. Use your personal statement to tell us about:
- Your hobbies and interests: this could include being an active member of a society at university, or spending time volunteering or raising money for a cause that means a lot to you.
- International experience: this could be through studying abroad, volunteering or travel.
- Additional languages: for many of you, English is already an additional language and it isn't uncommon for our students to be fluent in four or five languages, which can increase your employability.
- Positive impact or achievement: this could be through representing a region or country at sports, mentoring young people or making changes to your university experiences through student leadership.
- Career goals after graduating: you will be entering a highly competitive recruitment market and we want to see that you have already thought about the skills and experience you are going to need to succeed in your target organisation and role.
We have provided a step-by-step walkthrough on how to apply for the MSc Risk Management & Financial Engineering programme, with comprehensive instructions to ensure you complete your application successfully and meet all the essential admissions requirements.
Step one: Start your application online
Visit the and create an account by completing your personal details. Our online application form gives you the flexibility to save your progress and complete your application in your own time.
Step two: Submit supporting documents
You will need the following:
- current CV (view for guidance);
- personal statement questions (see blog for tips on how to write a personal statement);
- complete degree transcripts with English translation if necessary (view international entry requirements);
- contact details of two academic referees or one academic and one professional referee including their company/business email address. We recommend that one should be your current line manager or academic supervisor;
- career planning questions, a quantitative experience statement and programming/computer software experience (if applicable);
- English language scores if required (i.e. TOEFL, IELTS etc.);
- GMAT/GRE is not a mandatory requirement, however, it can enhance the strength of your application.
You can also indicate other areas of finance you are interested in. If we do not make you an offer for your selected programme, we will automatically consider you for alternative Finance programmes.
Step three: Complete your application
Once you have submitted your supporting documents you can complete your application with the £125 application processing fee. Once your application has been submitted your referees will receive a notification to provide your reference.
The Business School has a zero-tolerance policy to fraudulent applications, and we will report findings to the Home Office.
Step four: Interview and admissions decision
- Shortlisted candidates will be invited to complete an interview using our online video platform. This is the best opportunity for you to demonstrate your passion and drive, and why you want to study a Master's at ³Ô¹ÏºÚÁÏ.
- AI guidance: The purpose of the interview is to get to know more about you. We want to see how you approach problems, your motivations and wider interests. If we identify malpractice or answers provided are not genuine then this may factor negatively in the admissions committee decision. Read our blog for more advice on how you can use AI responsibly in your application.
- Application decisions will be communicated by the corresponding decision date for the round in which you applied. Please refer to our key dates and deadlines for more information on timeframes.
Step five: submit outstanding documents and pay your deposit
After receiving your offer, you will need to submit documents to satisfy your offer conditions. As part of this process, you must verify your degree award through the online Qualification Check service, using a unique link provided in your offer conditions. You can view the conditions of your offer and respond using the application portal.
You will then be required to pay a £6,500 deposit for the programme.
Applications for our MSc Climate Change, Management & Finance 2027 intake are open.
We operate a staged admissions process with several deadlines throughout the year. This programme is highly competitive, so early application is advised; this will put you in a stronger position to be considered for a scholarship, and provide access to exclusive admitted students events.
You should submit your application by 23.59 UK time on the day of the application deadline.
Deadlines for September 2027 entry
Admissions round 1 for September 2027 entry Closed
| Application submission | 29 September 2026 | Closed |
|---|---|---|
| Application decision | 25 November 2026 |
Admissions round 2 for September 2027 entry Open
| Application submission | 6 January 2027 | |
|---|---|---|
| Application decision | 3 March 2027 |
Admissions round 3 for September 2027 entry Open
| Application submission | 10 March 2027 | |
|---|---|---|
| Application decision | 5 May 2027 |
Admissions round 4 for September 2027 entry
| Application submission | 28 April 2027 | |
|---|---|---|
| Application decision | 16 June 2027 |
Admissions and entry requirements FAQs
- Why do I need to complete a Quantitative Experience Statement?
- How do I submit my qualifications to be verified?
- What happens after I submit a request for my qualifications to be verified?
- How many programmes can I be considered for each year?
- When will my referees be asked to provide a reference?
- I’ve received an email confirming that my referees have submitted my references, but this isn’t yet confirmed on my account?
- Will my decision date be affected by a delay in the approval of my references or missing documentation?
- Will I be invited to interview?
- AI guidance:
- When will I receive a decision on my application?
- Why is my offer subject to checks by Central Admissions?
- I’ve been put on a waiting list, when will I receive a final decision?
- My application has been unsuccessful; can I have some feedback?
- Can I defer my place to next year?
- Can you advise me on my eligibility?
- What are the international entry requirements?
- I don't meet the academic entry requirement but I have some work experience, will I be considered?
- Does the Business School offer pre-sessional English?
- I require a visa to study in the UK, when will I receive my CAS?
- What do I need for my visa appointment?
- How do I extend my visa to undertake an Extended Work Placement?
All of our programmes are academically rigorous and include a quantitative component. Therefore, all candidates are expected to have a basic level of mathematics before the start of the programme. The Quantitative Experience Statement provides an opportunity to demonstrate this to the selection committee.
In the Quantitative Experience Statement, you need to list up to five of the most quantitative modules or elements of your studies to date. You should detail:
- the main topics of study (e.g. algebra, probability etc.);
- the level of study (e.g. high school, undergraduate degree, short course etc.).
This will allow the selection committee to have an understanding of your quantitative experience.
Please check the entry requirements for your programme of interest to ensure your background is sufficiently quantitative. For other programmes, candidates are advised to review the programme content and the pre-study modules. You should check what the numerical content of the programme includes before you apply.
To submit a verification request, you must first create an online account with Qualification Check. You should use the unique link provided to you as part of your offer conditions.
Once you have completed the two-step registration process, you will have access to your online account. Search for the name of the institution at which you obtained your qualification(s).
Then, follow the steps to enter the required information for submission of a verification request. Your details will then be sent to that institution to be authenticated by the appropriate department. Find out more information at .
Qualification Check’s standard procedure is to contact the primary source of the information. This is the institution at which you studied. Qualification Check will regularly contact the relevant department at the institution to confirm the authenticity of your qualifications.
We understand that applications are urgent and Qualification Check makes every effort to accommodate your needs and expedite processes. Some institutions may take longer than others. But rest assured that Qualification Check is working hard to complete your verification. Find out more information at .
You can apply to be considered for one programme each year. If your application is unsuccessful we will take your areas of interest and eligibility into account when considering you for alternative programmes.
As part of your application, you will be asked to provide the contact details of two referees. Your referees will be contacted by email once you have completed and submitted your application. The email will contain instructions on how they can submit your reference via our application system.
Please ensure that each reference letter that is submitted has been sent from an academic or professional email address. We cannot accept references sent from personal email addresses, such as Gmail, Hotmail, 126, 163, Sina, QQ or Yahoo.
Our electronic application service is provided by an external provider. Therefore, there may be a delay before the receipt of your references is confirmed on your student application account.
If you receive confirmation that your references have been received but this still isn’t confirmed on your account a week after receiving the confirmation, please contact the Recruitment & Admissions team.
If you submit a complete application by the deadline, you will receive an outcome by the corresponding decision deadline. However, we may be unable to guarantee a decision by the deadline if:
- there are delays in receiving your references;
- the documentation required to progress your application is missing.
If the requested information is not received within five working days, we may be unable to guarantee a decision by the round deadline.
If you have received confirmation that your references have been submitted but this is not reflected in your account after a week, please contact the Recruitment & Admissions team.
Yes. As part of the selection process, shortlisted candidates for our MSc programmes will be invited to an interview. Interviews are conducted through our video interview platform. You can access it online to record and submit your answers.
The interview process typically takes about 20 minutes and does not require extensive preparation. It aims to supplement your written application and help you convey your suitability for your chosen Master’s by answering questions about your previous experience and future aspirations.
The purpose of the interview is to get to know more about you. We want to see how you approach problems, your motivations and wider interests.
If we identify malpractice or that answers provided are not genuine, then this may factor negatively into the admissions committee decision.
We have a blog you can read for more advice on how you can use AI responsibly in your application.
We operate a staged admissions process with several deadlines throughout the year. If you submit your application within an admissions round you can usually expect a decision by the published decision deadline for that round. For more information please see 'Key dates and deadlines' table.
Please keep in mind that during busy times and/or where documents are missing from an application, this may take longer.
When an offer is submitted by the Business School, the Central Admissions team needs to make a number of final checks before it can be formally approved. These may include:
- an additional review of an applicant’s academic background;
- ensuring the references we have received are valid.
Until you have received confirmation of the official offer via ³Ô¹ÏºÚÁÏ’s applicant portal, please do not:
- arrange accommodation;
- book flights;
- decline any other offers you may be holding.
The majority of offers are successfully approved by Central Admissions. You will be able to see full details of your offer conditions once your official offer has been confirmed.
Unfortunately, we are unable to confirm when you will receive a decision on your application. We will be in touch via email as soon as there is an update. You do not need to provide any additional information unless you think it will add significant weight to your application. For example, updated transcripts, relevant internships or English language results.
Please email your programme Recruitment & Admissions team if you would like feedback on your application. Please note that whilst limited feedback can be provided, the decision of the academic selectors is final and it will not be possible for your application to be reconsidered.
If you receive an offer you can request to defer it to the following year. Requests will be considered until 23 June 2027.
Requests submitted after 23 June will only be approved in exceptional circumstances.
Please note deferrals are considered on a case-by-case basis and in order to be considered for a deferral you will need to pay the tuition fees deposit.
If you already paid your deposit for the current admissions cycle, this will be carried over to your new offer. However, our tuition fees increase each year and you will be required to make up the difference between the old deposit and the new deposit amount.
Please note that you can only defer once.
We are unable to assess your eligibility before you apply. The academic selection committee needs to review a full application before any decision can be made.
Please check the specific entry requirements of the programme you are interested in studying. Please also check our international entry requirements. If you feel you meet our entry requirements you can apply online.
In addition to the guidance on our website, we hold regular information sessions online and on campus throughout the year. Here, we would be happy to discuss your suitability in more detail.
We accept a wide range of international qualifications for postgraduate study at ³Ô¹ÏºÚÁÏ.
We've provided general guidance in the country and region index so you can understand how qualifications awarded by public institutions overseas may satisfy our minimum academic admission requirements.
We review our requirements annually. Updates usually happen in September each year before the next academic year of entry.
If your country or region is not listed, please contact the relevant Recruitment & Admissions team for further information.
Most MSc programmes require at least an Upper Second Class Honours degree (or international equivalent). Work experience can add weight to an application. However, this would not replace the academic requirement, no matter how extensive the experience is. The exceptions to this are:
Please refer to the programme’s entry requirements for more detailed information.
The Business School does not offer pre-sessional English courses. We do not accept attendance of a pre-sessional English course as a means of meeting the English language requirement.
We will start to issue CAS numbers from April. The details of your CAS will appear on your My ³Ô¹ÏºÚÁÏ record after you have met all the conditions of your offer. Please note that you will need to upload a scanned copy of the photo page of your passport and current visa (if you have recently completed a degree in the UK), before your CAS can be issued. Please upload these documents to the ‘Passport/visa’ section of your My ³Ô¹ÏºÚÁÏ account.
Once your CAS is ready, you will receive an email confirming that it has been uploaded onto your My ³Ô¹ÏºÚÁÏ account. If you log into My ³Ô¹ÏºÚÁÏ you will be able to find your CAS number and the details that have been included in your CAS.
Please note that we cannot provide you with a CAS if you have outstanding conditions on your offer. Please ensure that you allow enough time to meet your conditions and apply for a visa before the start date of your programme of study.
Your CAS number holds information about the programme you will study and if you have paid any fees. You will not need a formal letter from ³Ô¹ÏºÚÁÏ confirming your offer status for your visa appointment.
For more information about what you will need, see the .
If you need any advice about your visa please contact the International Student Support team. Most information can be found on the International Student Support website.
If you require a visa to study on the programme, you will be initially granted a 12 month student visa upon entry (with an additional four months post study). If you decided to extend the programme to 16 months, you will be eligible to apply for a student visa extension (please note additional costs apply). This would enable you to apply for the Graduate Worker Visa once your degree is confirmed.
Fees and funding
Invest in yourself
Choosing to pursue a Master's programme is an important decision and a substantial investment in yourself.
Many of our students fund their studies through multiple funding sources. We offer a wide range of awards, including a number of scholarships to the most talented applicants. We have also provided information about the different financing options available to you.
*The non-refundable confirmation deposit counts towards the cost of the programme. If you choose to extend the programme to 16 months you will be required to pay an additional fee of £1,500.
At a glance
Additional fees and funding information
Many of the students on our Masters' programmes fund their studies through multiple funding sources, combining personal resources with education loans and scholarships.
Please note that we do not act as a credit broker to any of the loan providers listed below and are not responsible for providing the loan or assessing your eligibility. Further details of eligibility requirements, interest rates, and other key terms of the loan are available by visiting their respective websites.
Professional and Career Development Loan
A Professional and Career Development Loan is a government-backed commercial bank loan that UK residents can use to help pay for work-related learning.
³Ô¹ÏºÚÁÏ is a Professional and Career Development Loans registered Learning Provider, registration number 7477. For more information and to find out which banks offer the loan, see the .
Postgraduate Master’s Loan
If you are a UK or EU student who meets certain criteria, you can apply for the from the UK government. See the for more information.
Lendwise
is a specialist loan provider dedicated to education finance for ambitious students looking to fund their postgraduate studies at top universities. All nationalities are eligible to apply, and applications are assessed on a case-by-case basis.
Other merit or needs-based scholarships
In addition to the postgraduate scholarships on offer from ³Ô¹ÏºÚÁÏ, you can explore other non-³Ô¹ÏºÚÁÏ scholarships. For example, offers scholarships for international students.
You can find further details of non-³Ô¹ÏºÚÁÏ scholarships here.
Prodigy Finance
is a loan provider for international postgraduate students at the world’s top business schools. The Prodigy Finance loan is available to full-time students. You will be eligible to apply for the Prodigy Finance loan once you have a firm offer from us.
Self or family funding
You should consider what personal resources are available to you and evaluate your income, assets and your lifestyle expenses. Personal resources reduce your dependency on loans and other financing options.
Further funding options
Other sources of funding may be found in publications such as The Grants Register (published by Macmillan), Awards for postgraduate study at Commonwealth Universities (Association of Commonwealth Universities) and Study Abroad (UNESCO), as well as on the ³Ô¹ÏºÚÁÏ website.
For UK residents, for further information on financial assistance to support your learning, please visit or contact 0800 100 900.
Full information on how to pay your fees will be communicated after you have accepted your offer. To secure your place, a deposit is required. This is part of the full tuition fee and not an additional cost.
Fees do not cover:
- accommodation and expenses
- costs incurred as part of optional internships or exchanges
- supplementary texts and study materials
- Careers Club membership (£10 per club for the year)
Receiving your invoice
You will receive an email invoice from the Tuition Fees team within five days of accepting your offer and will need to pay the deposit within 30 days of receiving this invoice. Failure to pay this in time may result in your offer being withdrawn.
Making your payment
You can pay your tuition fees in one instalment in August or, if you are self-funding, in two instalments in August and February.
³Ô¹ÏºÚÁÏ Business School is pleased to offer significant scholarship funding to our most talented applicants. A range of scholarships are available, including several dedicated schemes for specific programmes, and it is recommended that you apply early to give yourself the best chance of receiving an award.
Please be aware that scholarships may not be awarded following every round (e.g. if scholarships in a particular category have all been awarded or there is an insufficient number of eligible candidates in a given round).
Scholarships terms and conditions
If you are offered an ³Ô¹ÏºÚÁÏ Business School scholarship and are subsequently offered a larger award by us, the larger one would supersede the first award and would not be in addition to it. Scholarships awarded by ³Ô¹ÏºÚÁÏ Business School are in the form of a reduction of the tuition fee. Therefore, if you receive another scholarship that pays the full tuition fee directly to ³Ô¹ÏºÚÁÏ, you cannot also receive a scholarship from the Business School.
Nothing on this website is or shall be deemed to constitute, financial advice or a recommendation or endorsement in respect of any financial product. You should always check the suitability of the product that is of interest to you. If you are in any doubt as to its suitability, we suggest that you seek independent professional advice. Apart from certain circumstances, deposits are not refundable if you fail to take up your place in the programme. You can find out if you qualify for a refund and the process for requesting a refund on ³Ô¹ÏºÚÁÏ’s postgraduate deposit information page.
Applicable scholarships
Fees and funding FAQs
- Can I pay my tuition fees in instalments?
- Is there an additional fee if I choose the Extended Work Placement?
- What Scholarships am I eligible to apply for, and where can I find out further information about these?
- I have previously studied at ³Ô¹ÏºÚÁÏ. Am I eligible for an Alumni discount on the tuition fee cost?
- I’m being sponsored - what documents do I need to provide?
If you are self-funding you have the option to pay your tuition fees in either one or two instalments. These are payable at the start of your programme in August, or in August and February, respectively. If you pay in instalments there will be a 2% surcharge of the total amount added to your first instalment.
You will be asked to select a payment schedule during the offer acceptance process. Please contact the Student Finance team if you have further questions about this process.
Yes. If you choose to extend the programme to 16 months you will be required to pay an additional fee of £1,500. You should also budget for any additional travel and living expenses, as well as visa extension charges if you need to extend your study visa.
The Business School offers a variety of different scholarships, each with unique eligibility criteria.
All candidates who submit an MSc application and receive an offer for one of our programmes will automatically be considered for scholarship(s) relevant to their programme, providing the award does not have additional criteria, such as a written assessment. You can be considered for multiple scholarships at the same time though if you are successful in more than one scholarship you will be awarded the highest.
Yes, we offer a 10% scholarship on programme fees to successful candidates with either:
- an undergraduate degree from ³Ô¹ÏºÚÁÏ awarded at a minimum of upper second class;
- a Master’s degree awarded at a minimum of Merit.
This award will be automatically applied to applicants who receive an offer of admission to an MSc programme.
If an organisation is responsible for paying your tuition fees, you must provide valid proof of the sponsorship.
Satisfactory evidence of sponsorship is usually regarded as an original, dated and authorised letter from your sponsor on headed paper, including:
- your name and College Identifier Number
- the programme for which you have been offered a place
- the amount of fees which will be paid by your sponsor (please report in GBP)
- the address to which the invoice should be sent
- any Purchase Order number required
- confirmation that the fees will be sent directly to ³Ô¹ÏºÚÁÏ
Sponsorship letters should be emailed to the Central Admissions team at business.admissions@imperial.ac.uk
Meet your faculty
Our faculty* consists of leading academics and climate change experts. They bring a wealth of knowledge and experience to the Business School and the Grantham Institute. They regularly publish their research in major academic journals, influence Government policy and consult for global companies.
*Faculty members teaching on this programme are subject to change.
Business School
Head of the Department of Analytics, Marketing & Operations
Business School
Professor of Actuarial Finance
Business School
Associate Professor of Management and Entrepreneurship
Business School
Professor of Finance and Economics
The Grantham Institute for Climate Change
Dr Caterina Brandmayr
Director of Policy and Translation
Business School
Senior Teaching Fellow
Business School
Teaching Fellow
The Grantham Institute for Climate Change
Partnership Development Manager
Business School
Professor of Finance
Business School
Professor of Finance
The Grantham Institute for Climate Change
Dr Matt Lipson
Deputy Director of Undaunted
Business School
Professor of Economics
Business School
Professor of Economics
Business School
Professor of Finance
Centre for Environmental Policy
Professor of Climate Science and Policy
The Grantham Institute for Climate Change
Honorary Senior Research Fellow in Climate Finance
The Grantham Institute for Climate Change
Co-Director, Grantham Institute - Climate Change&Environment
Department of Life Sciences (Silwood Park)
Associate Professor in Ecosystems Ecology
Business School
Dr Ryan M Williams
Research Fellow - Centre for Climate Finance and Investment
Business School
Associate Professor of Economics and Public Policy
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