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ECOMFIN Track of MSc in Management


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Academic Directors 


Andrea Roncoroni
Professor of Finance
ESSEC Business School




 
Francis Declerck
Associate Professor of Finance
ESSEC Business School

Over the last thirty years, wholesale energy sectors have undergone deregulation across global markets. Since 1992, international trade policies (at WTO) and agricultural policies have also removed barriers to trade. Public utilities and commodity industries have become market operators acting in a highly competitive environment where prices are free to fluctuate according to the law of supply and demand. Energy sources have become commodities traded in bulk across organized marketplaces. 
This process calls for the use of appropriate financial tools aimed at managing the market risk affecting energy and commodity linked positions of financial and industrial companies, driving effective trading strategies and performing skillful capital allocation. Market economics, financial analysis, risk management and security trading constitute the crosssectional core of a new body of knowledge that the Energy and Commodity Finance Track (ECOFIN) aims at addressing.

Program Objectives

  • Develop a comprehensive and strategic view of energy and commodity market issues
  • Gain professional insight through case studies and practical examples
  • Focus on major energy finance concepts and contract structuring strategies
  • Develop hedging and proprietary trades in commodity markets
  • Learn how to assess and manage energy and commodity price risk exposure

ECOMFIN Track Program Rules and Schedule

Master in Finance:
  • 4 Core ECOMFIN Courses
  • 6 ECOMFIN Webinars, with live attendance

Grande Ecole - MSc in Management
  • 6 Seminars of ESSEC Finance Chair
  • Ethics Seminar in Finance  FING 31402
  • 6 ECOMFIN Webinars, with live attendance
  • 4 core ECOMFIN course
  • 3 elective courses
  • To enter the track, the candidate is required to preliminary validate Principles of Finance FINE31123/124  with a minimum grade of 12/20 

4 Core ECOMFIN courses

  • T1 ECOA31205 Sustainable Energy Economics
  • T2 FINM32213 Agri-Food Commodity Markets
  • T3 FING31115 Energy and Commodity Markets abd Products
  •      FING31113 Commodity Risk Management for Corporates
  • + FING31402 Ethics Seminar in Finance

3 Electives courses among

  • ECOA31123 Macroeconomic theory and development
  • FINE31126 Finance d’entreprise or FINE311128/FINE32109 Corporate financial management
  • FINM31162 International finance or FINM31163/FINM32203 Finance international
  • FINM31164 Marchés financiers or FINM31165 Financial markets
  • FINM31270/FINM32107 Options or FINM31271 Options
  • FINM32217 Advanced Derivatives Markets
  • FINM31266 Trading et organisation des marchés
  • FINM31275/FINM32229 Hedge Funds
  • IDSM31183 Financial mathematics
  • IDSS31263 Méthodes statistiques
  • IDSS31267 Financial econometrics
  • FINM32407 Risk Management Project

Key Features

  • Program extent: a good blend of academic theory and professional know-how.
  • Skills complementarity: course outlines are either new or in continuation with courses in the existing finance tracks (General, Market, Corporate) as well as in ESSEC chairs and tracks offered by other departments.
  • Time compatibility: the limited number of courses in the new track facilitates the integration of the corresponding workload in the time schedule of existing chairs and tracks.
  • Expertise enhancement: the subject matter’s highly visible status makes it an enhancement opportunity to stand out in a fast growing field of competences and skills.

A Worldwide Network of Excellence

ESSEC Faculty
  • Andrea RONCORONI
  • Francis DECLERCK
  • Sofia RAMOS
  • Romeo TEDONGAP
  • Estefania SANTACREU-VASUT
  • André FRANCOIS
  • Charles CHO
  • Jean-Pierre INDJEHAGOPIAN

Practicioners
  • Alessandro MAURO, Global Association of Risk Professional (GARP) Energy Oversight Committee
  • Elisa SCARPA, Head of Market Analysis Edison Trading
  • Jeanne LUBEK Associate Director in NERA Energy and Environment consulting
  • Philippe JOUBERT Executive Chairman Global Electricity Initiative World Energy Council (WEC)
  • Marie-Pierre FERY, EMENA Procurement Controller, Nestlé UK
  • Stéphane VAN TONGEREN, Head of Trade and Agriculture Directorate OECD

Endorsed by the Energy and Sustainable Development Club

  • Supplying relevant information and current news about the energy and sustainable development sector to the ESSEC alumni community
  • Providing analysis on important financial, economic and industrial issues
  • Developing quality partnerships with other organizations and professional clubs
  • Promoting dialogue with ESSEC students on topics related to energy and sustainable development

Target Jobs



 Role  Industry
 Commodities and energy trading  Conventional energy production
 Financial derivatives trading  Renewable energy production
 Energy and commodities sales  Commodity international carriers
 Structured products origination  Raw material supply
 Energy and commodity origination  Processing industries
 Risk management and analysis  Market analysis services
 Quantitative market analysis  Financial services
 Energy portfolio management  Transportation and storage
 Hedge fund management  R&D services