KEDGE Business School
MSc Sustainable & Impact Finance
Business School
Key Information about the MSc Sustainable & Impact Finance in KEDGE Business School
The MSc Sustainable & Impact Finance at KEDGE Business School is ranked 6th this year in the master Green Finance. Programme Director(s): Christophe REVELLI - Programme Director.
The programme is available in a full-time format
The total length of the program is 1 year
All courses are taught in English
Director's message
Since 2016, this leading and pioneering programme in France and worldwide propose to practice finance differently, promoting ethical and ecological values at the forefront. The MSc Sustainable and Impact Finance will train you to become expert and leader in the sustainable, ecological and impact finance industry, with a set of values that will allow you to integrate a privileged network of leading and disruptive companies. Make finance sustainable and impactful and let’s imagine your desirable futures!
Video Interview
All about this master
Programme Overview
Accredited by the Conférence des Grandes Écoles (CGE) and recognised by the French Ministry of Higher Education, the Master of Science Sustainable and Impact Finance offered by KEDGE Business School is designed for professionals seeking comprehensive expertise in sustainable and impact finance. Delivered entirely in English, this programme equips participants with advanced knowledge of sustainable finance tools, specialising in extra-financial analysis and international finance. Graduates emerge with a finely honed skillset that meets the growing demand from companies navigating ethical and societal considerations in their investment decisions and strategic planning.
KEDGE Business School’s Master of Science Sustainable and Impact Finance is a double degree programme. It delivers a Master of Science accredited by the conférence des grandes écoles (CGE) and a diploma recognised by the French Ministry of Higher Education.
Curriculum (courses, subject modules)
Block 1 – Ecological, Economic and Financial Realities
- Living in the Anthropocene - opening conference
- Energy & climate issues
- Biodiversity challenges
- Anthropology of finance
- Emerging markets finance
Block 2 – Promoting Ecology and Impact in Financial Realities
- Sustainable governance
- Sustainable reporting standards & norms
- Climate-related financial risks
- Sustainable fund strategies
- GSS bonds - buy-side perspective
- GSS bonds - sell-side perspective
- Microfinance institutions and social performance
- Capital investment and impact investing
Block 3 – Imagining Desirables Ecological Futures
- Improbable
- Ecological accounting
- Sustainable monetary systems
- Alternative ecological money
- ''Make Your Impact'' challenge
- Financing biodiversity
- Technological change & climate change
Admission conditions
Required diploma(s)
- 3 to 4 years of higher education
Tuition & Fees
Between 20 400 and 20 400 €
Pathway course: 9 700 euros
Master of Science (MSc): 20 400 euros
Employment opportunities & career impact
Annual salary after graduation
- Average salary : 50 000 €
Employment opportunities
- ESG / SRI / Integrated analyst
- Sustainable / responsible / SRI portfolio manager for asset management companies or investment funds
- Impact investor in private equity funds and venture capital firms
- Green banker (expert in green and sustainable bonds origination and structuration, in green and sustainable loans…)
- Manager in a consulting firm specialising in sustainable or responsible financing strategy
- Consultant / Expert on CSR / sustainable communication strategy and integrated reporting
- Social / Environmental auditor in big-4 or specialised auditing firms
- Biodiversity analyst / consultant
- CSR and SRI relations manager
- Green Data analyst / scientist
- Policy or advocacy analyst / officer in NGOs or asset management companies
- Entrepreneurs in ecological and social projects / startups
- All financial careers that require dual expertise in financial and sustainable matters: financial analyst, CFO, risk manager, portfolio manager, etc.
Application Deadlines
Application deadline precision
The selection period runs from October to July.
Faculty profiles
KEDGE Business School is a benchmark French business school with 4 campuses in France (Paris, Bordeaux, Marseille and Toulon), 4 associated campuses in France (Avignon, Bastia, Bayonne and Mont-de-Marsan,) and 5 associated campuses abroad (2 in China, in Shanghai and Suzhou, 2 in Africa in Dakar and in Adibjan, and 1 in India at Mumbai). The KEDGE community is made up of 16,000 students (32% of whom are international students), 224 full-time lecturers (46% of whom are international), 388 international academic partners and 94,000 graduates worldwide. KEDGE offers a portfolio of 40 training programmes in management and design for students and industry professionals. It also provides customised educational programmes for businesses at national and international levels. Since 2020, KEDGE has established its own Apprenticeship Training Centre (CFA). Through its KEDGE IMPAKT strategy and its Foundation under the aegis of the Fondation de France, the school accelerates ecological and social transitions and empowers youth. It is committed to equal opportunities, student well-being, and supporting innovation and impactful projects to build a sustainable future. KEDGE Business School is AACSB, EQUIS and AMBA-accredited, EESPIG, BSIS and Qualiopi-certified and is a member of the Conférence des Grandes Ecoles. It is also recognised by the French government, with officially approved programmes. KEDGE is ranked 32nd by the Financial Times in the European Business School rankings and 24th globally for its Executive MBA in 2025.
Campus facilities & Student life
In the heart of Paris, KEDGE Paris campus champions innovation and entrepreneurship, seamlessly connecting academia with industry. With a strong emphasis on adaptability and connectivity, it offers a wide array of academic programmes and collaborates closely with leading companies, providing invaluable practical experiences for students.
Outstanding facilities
Located in the heart of Paris within the Lumière Building, KEDGE Paris serves as a vibrant business hub. Spanning 6,400m² across two floors, the campus features two interconnected wings surrounding a central atrium. Beyond its functional layout, the campus embodies adaptability and versatility, prioritising entrepreneurship as its core philosophy. Its four guiding principles—adaptability, versatility, connectivity, and user-centric design—aim to redefine the student experience. Moreover, KEDGE shares its facilities with prominent entities such as Natixis, SNCF, ING Direct, Société Générale, and the Ministry of the Interior, enhancing collaborative opportunities. The campus focuses on executive education programmes as well as a portfolio of MS and MSc degrees, featuring outstanding facilities:
- Various catering areas, including multiple company restaurants
- Sports facilities
- A friendly environment near Bercy Village and the BNF (National Library of France), easily accessible by public transport and offering a wide range of accommodation options
- A large co-working area designed to enhance collaboration between students and staff, with adaptable rooms that can accommodate between 40 and 200 students
- An enhanced digital experience, featuring immersive rooms for practical case studies and a giant screen that continuously streams classes or conferences from the school’s other sites
How to Apply?
Admission process
Steps
Online application on join.kedge.edu
7 key steps to follow to apply online
1. Create your profile on join.kedge.edu
2. Choose a programme
3. Apply for a merit scholarship*
4. Answer motivational questions
5. Upload the mandatory documents:
-A CV
-A piece of identification (ID card or passport)
-The last diploma obtained
-Transcripts from the latest diploma
-Proof of enrolment (current academic year), if applicable.
-Proof of English score (as mentionned in the dedicated section)***
6. Upload the optional documents:
-Additional diplomas
-A letter of recommendation
-A certificate of employment.
7. Pay the application fee of 120€** per credit card to complete the application.
*For international candidates only.
**Any application for which the fees have not been paid will be considered incomplete and will not be processed. This application fee is non-refundable and cannot be used for applications to other KEDGE programmes.
***This requirement may be waived if you have completed at least one year of study in a fully English-taught programme or worked for at least one year in an English-speaking country.
Eligibility results
The admissions team will review your application in order to declare you eligible based on the prerequisites and the academic and professional level required for the programme in question. A confirmation email will be sent to you the following week from join@kedgebs.com. Please check your spam folder and to add this email address to your recipients to receive future communications.
Selection tests
If you are deemed eligible, you will automatically receive an invitation by email from join@kedgebs.com. This invitation will allow you to log in and select an available interview date. We strongly recommend booking your interview within 72 hours to ensure you have the widest choice of time slots and can organise yourself at your convenience. After this period, the admissions team will assign you a slot from the next available session.
Motivational interview:
The motivational interview lasts 20 to 30 minutes, and is conducted in the programme's language. Its purpose is to better understand each candidate’s personality, academic background, and professional goals, and to ensure their alignment with the DNA and content of the chosen programme.
This interview is not meant to unsettle or test candidates, but rather to clarify the programme’s expectations and assess the candidate’s strengths, with the aim of ensuring a successful academic journey.
Written assignment (optional):
Prior to the motivational interview, you may be asked to complete a written assignment sent by email. This work must be returned to the jury by email before the interview and will help evaluate how well your profile matches the programme’s requirements. The format of this assignment may vary depending on the programme (e.g. case study, text analysis, theoretical quiz, etc.). Detailed instructions will be provided in due time.
Admission results
Following the selection assessments, the admission decision will be sent to you by email the following week (see the selection dates schedule), from the address join@kedgebs.com. Depending on the evaluation of the programme manager and their admissions committee, you may be admitted, conditionally admitted, placed on the waiting list*, or not admitted.
Please note that the programme’s decision is final. If admitted, your official admission letter, signed by the programme director, will be attached to the email.
* For candidates placed on the waiting list, the final decision will be communicated within a maximum of 4 weeks.
Reception of your registration file
If you are admitted, you will receive an invitation to access your online registration portal. Completing this step is mandatory to secure your place for the upcoming intake and to access all KEDGE resources. You will have 10 days from the date of your admission letter to log in to the portal, submit the required information, and pay the deposit. After this deadline, your admission will be considered withdrawn.
Details regarding the deposit and refund policy can be found here.
For guidance with these administrative steps, please visit Welcome.kedge.edu. Once your registration is complete, the programme management team will assist you in preparing for your arrival.
Mandatory testing for application process
|
TOEFL TOEIC IELTS Cambridge Preliminary (153)/ Duolingo (100)/ PTE (41)/ Linguaskill (153) |
Application Checklist
Academic documents required
- Undergraduate Diploma copy
- Language diploma
Academic documents other
- Grades, recommendation letters
Administrative documents required
- 2 Photographs
- Photocopy of ID Card / Passport
- Photocopy of university degree
- Language accreditation
Scholarships & Financial Aid
At KEDGE, we strongly believe that students shouldn’t abandon their education projects because of funding problems. This is why we have launched a financial support plan tailored to international candidates' backgrounds, countries of origin, situation, and prior educational achievements:
- Early Bird discount for early completion of your application: 10% before November 30 and 5% before February 28.
- Excellence scholarship based on merit
- Solidarity scholarship, a grant on social criteria
- Diversity scholarship intended for students hailing from a range of international, cultural, or social backgrounds
- Partner scholarships for applicants joining the school via a “pathway agreement” with a partner institution
- Alumni scholarship for alumni wishing to pursue further education at the school
- Welcome to France scholarship, for talented international students applying before April 10th
*These rates are for informational purposes only and are valid as of the date of consultation. They are subject to change.
Admissions office - Contacts
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