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Program Description
The Energy Finance certificate program is designed for students who desire to combine their engineering emphasis in energy systems with the financial expertise gained through courses in financial analysis and risk management. This certificate program also formerly prepared students to take the Energy Risk Professional exam, which was sponsored by the Global Association of Risk Professionals (GARP), though GARP has announced that 2021 will be the last year it offers the Energy Risk Professional certification. The transition to renewables and certain energy risk principles will be addressed through GARP’s Sustainability and Climate Risk certificate program, and financial and other risk management topics will continue to be covered by its flagship Financial Risk Manager certification.
You Might Like This Program If...
You are interested in helping risk managers understand the interrelationships among and between the various industries that make up the global energy marketplace. That marketplace has changed dramatically over the last decade, and the headwinds and challenges now facing the energy industry dictate a distinct type of program.
Program Requirements
To earn an undergraduate certificate in Energy Finance, there are 15 credits of prescribed courses and a minimum of 6 credits in prerequisites
| Code | Title | Credits |
|---|---|---|
| Required Courses | ||
| Required Courses: Require a grade of C or better | ||
| EBF 200 | Introduction to Energy and Earth Sciences Economics  | 3 |
| or MET 436 | Energy Conservation Systems | |
| EGEE 101 | Energy and the Environment | 3 |
| FIN 418 | Energy Finance | 3 |
| FIN 419 | Advanced Energy Finance | 3 |
| FIN 427 | Derivative Securities | 3 |
Certificate Learning Objectives
- Analyze the Processes and Systems for Energy Conversion: Analyze the processes and systems for energy conversion, including power, refrigeration and air conditioning cycles, thermoelectrics, etc.
- Economics of Energy Finance: Have a clear understanding of the economic rationale behind energy exploration, development, capital budgeting, option pricing and risk management.
- Energy and Environmental Concepts and Analysis: Have a clear understanding and appreciation of energy and environmental concepts and interconnectedness; analyze energy consumption patterns; discuss various energy resources that power the modern society; examine the energy conversion processes; explore interrelationships between energy use and industrial progress and environmental consequences; discuss future energy alternatives.
- Microeconomic Fundamentals of Energy Finance: Elucidate the microeconomic fundamentals with a focus on the applications of economics to energy and environmental markets.
- Valuation and Risk: Master the basic techniques for the valuation of forwards, futures, swaps, and vanilla options (calls and puts), and understand the specifics of risk management in terms of energy risk.
Academic Advising
The objectives of the university’s academic advising program are to help advisees identify and achieve their academic goals, to promote their intellectual discovery, and to encourage students to take advantage of both in-and out-of class educational opportunities in order that they become self-directed learners and decision makers.
Both advisers and advisees share responsibility for making the advising relationship succeed. By encouraging their advisees to become engaged in their education, to meet their educational goals, and to develop the habit of learning, advisers assume a significant educational role. The advisee's unit of enrollment will provide each advisee with a primary academic adviser, the information needed to plan the chosen program of study, and referrals to other specialized resources.
READ SENATE POLICY 32-00: ADVISING POLICY
Erie
Jeff Coy
Assistant Professor of Finance
290 Burke
Erie, PA, 16563
814-898-6711
jmc87@psu.edu
Career Paths
Careers
The energy risk professionals are employed in a variety of industries such as energy companies, including oil, power, natural gas and LNG, and renewables; financial Institutions, including commercial and investment banks, asset management firms, and hedge funds; and other industries, including consulting and technology firms and government agencies.
Energy risk professionals perform a variety of job roles involving identifying, measuring, and managing the risk related to energy products and industry. Examples of job titles for energy risk professionals are risk analyst, risk manager, energy consultant, and chief risk officer.
Opportunities for Graduate Studies
With this certificate, you may have a "hand up" to enter a master’s program in Sustainable Energy or Finance, or a general M.B.A. program.
Professional Resources
Contact
Erie
BLACK SCHOOL OF BUSINESS
281 Jack Burke Research and Economic Development Center
Erie, PA 16563
814-898-6107
behrendbusiness@psu.edu