A new beginning for an MSc program
published on 22.04.22
MSc Sustainable Financial Management with Data Analytics
This new MSc enhanced the content related to sustainability and data analytics. Regarding the sustainability content, it has been included new courses on sustainable management accounting, environmental accounting and ESG investing. Specially, the ESG investing course will be delivered by CFA accredited professors and will prepare the students to take the new exam for the CFA Institute Certificate in ESG Investing. This makes TBS Education one of the first business schools in the world to include this course in a master’s degree program.
This is a great achievement and positions TBS Education at the forefront of ESG investing education. ESG investing, which consists of incorporating Environmental, Social and Governance (ESG) principles into investment decision-making, has become a priority for many investors. According to a study by Deloitte, ESG funds will make up more than 50% of professionally managed investments by 2025.
Regarding the data analytics content, it has been included new courses on Python programming and its application to machine learning for finance and investment performance evaluation. In addition, the R statistical package, is now included in courses like financial statement analysis and database design & data analytics.
The purpose of the MSc is to train professionals who can interpret, implement and manage these analytical tools within companies to support their digital transformation.
” The changes we have made were motivated by the need to align our MSc with the Sustainable Development Goals established in 2015 by the United Nation General Assambly. ” – Diego Ravenda
Diego Ravenda, Program Manager
Research Associate Professor in Accounting at TBS Education
According to Diego, it is neccesary to change the way of seeing and managing the economy and business. Therefore, students can no longer be taught that the logic of profit and business opportunity is the prime mover in business decisions. The environmental and social costs of every decision must be incorporated into each economic feasibility assessment.
It is expected that these changes to the MSc will significantly enhance students awareness of sustainability, broaden their perspective, better prepare them for the world of work, and increase their chances of finding a professional opportunity after the master’s degree.