Master of Science in Aviation Finance
The Master of Science in Aviation Finance (MSAF) degree is offered through the College of Business on the Daytona Beach Campus. The goal of the MSAF is to provide graduates to the international banking, energy, finance, leasing and aviation/aerospace industries that possess the required knowledge of the operating environment of the aviation/aerospace industries along with a portfolio of financial skills and competencies to assist firms in managing the financial strategies and resources of the firm.
With this new graduate program, Embry-Riddle addresses an increasingly important need of the global air transport industry. Among the trends that lead to the development of the Master of Science in Aviation Finance are:
- the growth of the aircraft leasing industry
- the number and volume of global aircraft sales predicted into the future
- the entry of new financial firms at all levels of aircraft financing (corporate, general and commercial aviation)
- the role financial management of resources (for example, fuel hedging contracts) has on airline profitability
- the need to find the means of financing to build critical aviation infrastructure
Structure of the MSAF degree is 11 classes/33 credit hours. The classes selected for the program provide the student with the fundamental knowledge of the business and operational aspects of the aviation/aerospace industries, as well as expertise in the advanced economics, accounting and financial practices and models used in the aviation industry and by firms across the globe. To complete the MSAF degree, two program options are available to the student: either a research project in the financial area of study or an internship in the financial, banking, leasing sectors of the aviation/aerospace industry.
Master of Science in Aviation Finance (MSAF) graduates possess the required knowledge of the operating environment of the global air transportation industry, along with financial expertise and analytical skills to assist in managing the firm’s commercial, economic and monetary strategies. With the growth of the aviation and aerospace industries globally and the creation of new firms in the fields of aircraft leasing and new means of airplane fleet financing, opportunities arise for a graduate with the proper skill set to succeed in this dynamically changing and economically challenging field of study.
In the MSAF program, students will learn to do financial modeling using the latest financial software such as @Risk. @Risk runs simulations that allow investigation of various sources of uncertainty that affect the value of an investment; model and forecast the value of an aircraft; or make buy versus lease decisions for aircraft. Additionally, students have the opportunity to work to the latest SABRE AirFlite decision support tools such as Schedule Manager, Fleet Manager and Profit Manager — a sophisticated decision support tool that uses advanced mathematical techniques to forecast network profitability, market share, passenger and cargo revenue, and conduct ‘what if’ scenarios.
There is no other Master of Finance or MBA program that brings the focus of such knowledge and skills to the unique needs of the aviation/aerospace industries. With corporate recruiters looking for more specific industry or subject knowledge from graduates into the future, and employment projections forecasting an increasing need for financial analysts and financial resource managers, the Master of Science in Aviation Finance degree provides graduates entry into a growing career field.
Degree requirements for the Master of Science in Aviation Finance (MSAF) degree are 33 credit hours. Students should consult the Daytona Beach Graduate Catalog for program entry requirements. Components of the degree program include a 12 hour aviation management core and 18 hours of required finance classes. To complete the MSAF degree, two program completing options are available to the student: either a research project in the finance field, FIN 699: Special Topic or an internship, FIN 696: Graduate Internship, in the financial, banking, leasing or aviation/aerospace industry, with direct applications in the financial management aspects of the sponsoring firm.
Aviation Management Core
|BA 514||Strategic Marketing Management in Aviation||3|
|BA 517||Accounting for Decision Making||3|
|BA 523||Advanced Aviation Economics||3|
|BA 609||Airline Operations and Management||3|
Required Finance Classes
|FIN 518||Managerial Finance||3|
|FIN 618||Advanced Corporate Finance||3|
|FIN 6AA||Air Transport Economic Modeling||3|
|FIN 6BB||International Aviation Finance||3|
|FIN 6CC||Aircraft and Airline Financing||3|
Concluding Degree Requirement
|FIN 699||Special Project||3|
|- or -|
|Total Degree Credits||33|