Make an impact with MSc Climate Change, Management & Finance
Climate change is one of the greatest challenges of our time. It is vital that businesses take responsibility and adopt more sustainable practices. To do this they need people who can lead the way, and that's where you come in.
Our joint MSc Climate Change, Management & Finance programme with the Grantham Institute - Climate Change and the Environment balances business with climate science and policy to equip you to lead the transition to a green economy. This collaboration with the Grantham Institute makes this joint Master's unique; offering connections to industry, policymakers, and cutting-edge research.
Drawing on expertise from across the Business School, the Grantham Institute, and Imperial College London, this interdisciplinary programme explores the challenges and opportunities climate change presents, and how you can face these head-on. You will graduate from a world-leading university with in-depth knowledge and in-demand skills that can be applied across all sectors - 100% of our class of 2021 were employed within three months of graduation.
Are you ready to transform the business landscape for a more sustainable future?
Study your MSc Climate Change, Management & Finance at a world-leading university
The programme is informed by our expert advisory board of industry leaders who ensure the priority areas in climate finance and issues experienced in industry are reflected in the curriculum. You will learn through a combination of lectures, seminars, discussions, group exercises, case studies, and guest speakers.
Please note, programme content is subject to change. Candidates that fail to successfully complete this degree are not entitled to a Postgraduate Certificate or Postgraduate Diploma.
Online pre-study modules
Before the start of your programme you will be expected to complete online pre-study modules which are delivered via The Hub, our bespoke virtual learning environment. These modules are designed to prepare you for the remainder of the programme.
Your MSc Climate Change, Management & Finance induction will be spent at our vibrant South Kensington campus in London. You will be invited to a welcome event where you can meet and network with your fellow students, distinguished faculty and dedicated programme staff, forging new connections and getting a taste of life at Imperial.
Business Economics, Climate Change and the Environment
The aim of this module is to introduce economic concepts of practical value in business life. For example, marginal costs, sunk costs and elasticities make up an increasing part of everyday business life. Interactions between the firm and the market, and the economics of innovation, will also be explored in the way that they affect business performance.
Carbon Accounting and Reporting
This module will show how accounting is necessary both for organisational finance and management, and to quantify environmental impacts and carbon emissions. It will address the technical aspects of management accounting practices, which support the effective definition and delivery of strategic objectives.
Climate Finance: A Global Overview
This module will provide 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 explore different types of climate mitigation and adaptation projects to understand how they address specific climate challenges.
Energy Business and 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 impact. It will emphasise the role of technology 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.
Financial Markets and 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 relating to climate change. Climate finance is a fast-moving field, and the module will endeavour to expose you to the latest advances.
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.
Innovation in Cleantech and Climate Change Solutions
In this module, you will work in small 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.
Mitigating Climate Change
Utilising the world-class expertise from across Imperial College London, in this module you will learn about climate change mitigation strategies. Relevant technological strategies and national climate change mitigation plans from some of the world’s major emitters of greenhouse gases will be analysed and discussed. You will acquire the knowledge and tools to devise and understand effective and cost-effective strategies for mitigating climate change on global, sectorial and local scales.
Principles of Finance
The module will give you a solid foundation in financial theory, also introducing them 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.
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.
Join guest lectures from speakers from a range of industries, backgrounds, and experiences in the area of climate change and business, and learn from the speakers' expertise. Lectures are held weekly during term time, and will also help you when choosing a topic to explore further for your Individual Report. Previous speakers have included leaders from Boston Consulting Group (BCG). Carbon Trust, the Environment Agency, Impact Assessment Management, Google Cloud, Hitachi, Morgan Stanley, Octopus Energy, and the World Economic Forum.
Clean Technology Investment
In this module, you will learn why innovation in climate change is critical. You will explore how firms create, manage, protect and capture value from technological innovations in general and how these are invested in.
Risk Management and Climate Change
Risk and risk management are important dimensions for businesses, both in general and in relation to environmental and climate change. You will learn about different categories of risk and the rationale for risk management will be explained.
Shareholder Activism and Corporate Responsibility
This module will give you an introduction to current practice. It will cover the main issues in environmental, social and corporate governance (ESG) and corporate responsibility which are discussed among policymakers, corporations, investors and scholars from law, finance and economics. You will also be familiarised with analytical tools used by ESG analysts. Finally, the module will illustrate how practical ESG challenges, like crises, mismanagement or activist shareholder interventions can be addressed and resolved.
Sustainable Consumption and Climate Change
Global shifts in consumption patterns are needed to tackle climate change. Grounded in consumer psychology and behavioural science, this module aims to enable you to better understand the obstacles and opportunities associated with sustainable consumer behaviour. It systematically examines the market, individual and societal characteristics that discourage sustainable consumption and what can be done to overcome these barriers.
Sustainable Management and Strategy
The module aims to develop an understanding of sustainable strategic management and the nature of competitive advantage in the globalised business environment. It places particular emphasis on integrating sustainability in business strategy and marketing decisions.
The consulting project will be delivered for a real client, combining the material from the programme to a specific problem and delivered as part of a team. You can take the opportunity to complete your project abroad, experiencing the corporate environment in a country other than the UK. We work closely with the Grantham Institute to offer a wide network of organisations to help students secure placements.
The work placement aims to contribute to the development of your potential by providing you the opportunity to apply the material of the programme to a challenging business situation in which you will be fully immersed. 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, experiencing the corporate environment in a country other than the UK. We work closely with the Grantham Institute to offer a wide network of organisations to help students secure placements.
You will complete your studies with a 4,000 word capstone project, which is completed through the summer period, with several milestones during the programme. The report allows you to put the theory taught on the programme, and the experience you gain on the consulting project or work placement, into practice.
What our students say
“The interdisciplinary nature of MSc Climate Change, Management & Finance provides the skills necessary to enable well-informed decision making in tackling the environmental challenges facing our planet today. The main driver in my choice to study this programme was the exciting prospect of tailoring my scientific understanding of climate change issues into a practical business context.”
Funding and scholarships
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At Imperial College Business School, your career is our priority. We have a dedicated Careers team that is committed to helping you achieve your personal and professional goals. With close links to industry and a busy calendar of events, workshops and personal development programmes, you will be prepared to enter a highly competitive recruitment market.
Employment outcomes below refer to the class of 2022.
employed within six months
employed in the UK
employed in finance or consulting
What our students say
“This unique programme has equipped me with in-depth and up-to-date knowledge at the intersection of business, finance, and climate change from a global perspective. It has helped me understand the climate change challenge from various viewpoints, and I plan to work in the startup or venture capital sphere, creating a positive impact myself or enabling the scaling of impactful initiatives.”
Meet your faculty
Our faculty consists of leading academics and climate change experts who 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.
Eduardo B. Andrade
Friederike (Fredi) Otto
Start your journey today
Frequently asked questions
All applications to our postgraduate programmes are made online – we do not accept paper applications. Please refer to the ‘How to apply’ section of each programme page to see what documents you are required to submit with your application and to view the selection process.
All of our programmes are academically rigorous and include a quantitative component so all candidates are expected to be familiar with 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 list the main topics of study (eg: algebra, probability etc) as well as the level of study (eg: high school, undergraduate degree, short course etc) as this will allow the selection committee to have an understanding of your quantitative experience to date.
Quantitative experience is a key selection criterion for our more quantitative programmes (MSc Finance, MSc Finance & Accounting, MSc Financial Technology, MSc Investment & Wealth Management, MSc Risk Management & Financial Engineering, MSc Business Analytics, MSc Climate Change, Management & Finance and MSc Economics & Strategy for Business) so please be sure to check the entry requirements for your programme of interest to ensure your background is sufficiently quantitative. For other programmes, candidates are advised to review both the programme content and the pre-study modules to see what the numerical content of the programme includes before they submit an application.
You can apply to be considered for one programme each year. We will take your areas of interest and eligibility into account when considering you for alternative programmes.
While it is not compulsory to submit the results of an approved English language test with your application, it is strongly encouraged and will add weight to your application if you are able to show that you have met the language requirement prior to applying. You can find detailed information regarding the Business School’s language requirements and the tests that we accept here.
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, and 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, and Yahoo.
Our electronic application service is provided by an external provider, so 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 Central Admissions team at firstname.lastname@example.org.
Yes. As part of the selection process, shortlisted candidates for our MSc programmes will be invited to complete an interview. Interviews are conducted through Kira Talent, our video interview platform, which you can access 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 by providing a further opportunity for you to articulate your suitability for your MSc programme of choice through questions about your previous experience and future aspirations.
If you are invited to submit a video interview, you will be sent details of how to access and use the Kira Talent online interview platform.
Once you have created an account, you will be asked a series of questions, to which you can record your answers as short videos and submit them online.
Please make sure that the invitation doesn’t go to your junk mail by adding kiratalent.com to your list of safe senders. You must complete your online interview by the deadline stated in the email. If the email has gone into a junk, spam, or clutter folder in your inbox, we will not be able to rearrange a new interview for you, and your application will be considered for withdrawal.
For all MSc programmes, you can normally expect to receive a decision within 6-8 weeks of having submitted a complete application. Please keep in mind that during busy times and/or where documents are missing from an application, this time may increase.
When an offer is submitted by the Business School, the Central Admissions need 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 or ensuring the references we have received are valid. Until you have received confirmation of the official offer via the College’s applicant portal, please do not arrange accommodation, book flights or decline any other offers you may be holding. The majority of offers are successfully approved by Central Admissions and 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 but we will be in touch via email as soon as there is an update. Please be aware that you do not need to provide any additional information unless you think that this will add significant weight to your application (e.g. updated transcripts, relevant internships, English language results).
Please email your programme 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.
We are unable to assess eligibility before an applicant applies as 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 along with our international entry requirements. If you feel you meet our entry requirements you can apply online.
In addition to the guidance available on our website, we also hold regular information sessions both online and on-campus throughout the year where we would be happy to discuss your suitability in more detail.
We accept a wide range of international qualifications for postgraduate study at Imperial.
We've provided general guidance in the country and region index on 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 Admissions team for further information.
The majority of the MSc programmes require a minimum of an Upper Second Class Honours degree (or international equivalent) to be admitted. While work experience can add weight to an application, this would not be considered in place of meeting the academic requirement, regardless of how lengthy the experience has been.
The exceptions to this are MSc Global Health Management, MSc Business Analytics (online delivery, part-time), and MSc Strategic Marketing (online, part-time). Please refer to the programme’s entry requirements for more detailed information.
We may consider candidates applying to MSc Business Analytics (online delivery, part-time) with non-traditional qualifications and backgrounds, on the basis of highly relevant work experience or demonstrated interest.
The Business School does not offer pre-sessional English courses or accept attendance of a pre-sessional English course as a means of meeting the English language requirement.
Yes, you can. You can pay your tuition fees in either one or two instalments payable at the start of term, or at the start of term and February, respectively. If you pay in instalments there will be a 2% surcharge of the total amount added to your first instalment. You would 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.
The Business School offers a variety of different scholarships, each with unique eligibility criteria.
All candidates who submit an MSc application before the scholarship deadlines (listed on our website) and receive an offer for one of our programmes will automatically be considered for scholarship(s) relevant to their programme, providing they do not have additional criteria such as a video submission. You can be considered for multiple scholarships at the same time.
Additionally, there are a number of cross-programme awards and programme specific awards also available. Please check on the scholarships page on your programme of choice for eligibility and entry requirements.
Yes, we offer a 10% bursary on programme fees to successful candidates with an undergraduate degree from Imperial awarded at a minimum of upper second class, or Master’s degree awarded with a minimum of Merit. In order to be considered for this bursary, you must submit your application by the scholarship deadline.
If you are being sponsored by an organisation that will be responsible for paying your tuition fees, you must provide acceptable proof of the award.
Satisfactory evidence of sponsorship is usually regarded as an original, dated and duly authorised letter from your sponsor on headed paper which includes the following:
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 Imperial College
Sponsorship letters should be emailed to the Central Admissions team at email@example.com
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 the College confirming your offer status for your visa appointment.
For more information about what you will need, see the UKVI website.
We will start to issue CAS numbers from April. The details of your CAS will appear on your My Imperial 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 Imperial account.
Once your CAS is ready, you will receive an email confirming that it has been uploaded onto your My Imperial account. If you log into My Imperial 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.
The Business School holds online information sessions throughout the year to give you the opportunity to learn more about the programmes from the Programme Director, current students and alumni. Please refer to the meet us page to find out when the next event is being held for your interested programme(s).
The Business School is located on the South Kensington campus of Imperial College London. Please refer to the location page for our address and guidance on how to get here.
Please note that before you contact us you should also check information on the relevant pages on the Business School or College website. If your question isn’t answered, please contact the appropriate team below.
General application queries
Deposit and tuition fee invoice queries (including refunds)
To check if your payment has been received
Tuition Fees Team
+44 (0) 20 7594 8011
To check if your documents have been received
Queries regarding your CAS number
+44 (0) 20 7594 7258
Career-related queries from admitted students
+44 (0) 20 7594 9617
Visa and immigration queries
International Student Support
+44 (0) 20 7594 8040
+44 (0) 20 7594 9444
General student information and advice
+44 (0) 20 7594 9444
Advice on budgeting and London living costs
Advice on external scholarships
Student Financial Support
+44 (0) 20 7594 9014
If you’ve submitted your application but haven’t received your CID number
Password or technical issues with your Imperial Gateway account
+44 (0)20 7594 9000
Almost all of the MSc programmes we have available are 12 month, full-time programmes. The only exceptions are our MSc Business Analytics (online delivery, part-time) and MSc Strategic Marketing (online, part-time) programmes, which are available on a part-time basis.
Yes, we offer an Economics, Finance and Data Science Bachelor's degree, as well as a range of courses at undergraduate level:
- BSc Economics, Finance and Data Science
- BPES Programme
- Joint Honours and Intercalated BSc Programme
- Summer School Programme
Meet the Specialised Masters' class of 2023-24
In September we welcomed five new Specialised Masters’ cohorts to Imperial College Business School, eager to start their journey towards expert-level knowledge and a successful career in the sector of their choice.
Being a Sustainable Student at Imperial College Business School
In honour of Imperial’s Sustainability Week, your friendly “tree huggers” cohort (a.k.a. MSc Climate Change, Management & Finance students) are here to share some examples of sustainability on campus, as well as sustainability suggestions.
Why I chose to study MSc Climate Change, Management & Finance
MSc Climate Change, Management & Finance student Muaz Bin Mohd Hasnol shares his motivation for joining the programme
How to apply
Find out more about entry requirements, who we are looking for, and how to apply to the MSc Climate Change, Management & Finance programme.