Master’s in Space & UAM Business and Finance Engineering
Online master's programme of 1,900 hours in space and UAM business and finance engineering. 12 modules covering the space economy, the urban air mobility market, business models, financial modelling, company valuation, financing, programme costs, risks and insurance, regulation as a business factor, strategy and entrepreneurship, with an assigned technical tutor.
Master’s in Space & UAM Business and Finance Engineering — studying from the United States
The United States leads global aerospace, anchored by clusters in Seattle, Wichita, Hartford, Huntsville and the Houston area. Major employers such as Boeing, Lockheed Martin, RTX and GE Aerospace drive demand for engineers in airframes, propulsion, avionics and systems integration. Urban air mobility and commercial drone operations are expanding quickly, creating new roles in eVTOL design, airspace integration and UAS operations. Civil and military programs both rely heavily on certified design, testing and airworthiness processes, making this a strong field for engineers seeking complex, high-impact work.
Fees for the United States: US$9,970 (US Dollars), with instalments and employer sponsorship available.
Relevant bodies in the United States
Typical roles
Questions from the United States
Which professional bodies in the United States recognize engineers in aerospace, and does a private qualification help with licensing?
Aerospace engineering in the US is supported by bodies such as the American Institute of Aeronautics and Astronautics (AIAA) and ABET, which accredits engineering degree programs. Professional Engineer (PE) licensure is granted by individual state licensing boards, not by a federal body. SEIUM's qualifications are private and not state degrees, so they do not by themselves lead to PE licensure. Whether they are recognized for any purpose is decided by employers or the relevant professional body.
Do US employers in aerospace, drones or space value a private engineering postgraduate qualification?
Hiring in US aerospace and space companies, including defense contractors and drone firms, typically weighs accredited degrees, licenses, security clearances and hands-on experience heavily. A private online qualification is judged case by case by each employer, and its value depends on the skills it demonstrates and the candidate's track record. It should be seen as a way to build specialist knowledge rather than a guaranteed credential for any role.
Can I realistically study this from the United States while working full time, and how is it paid for?
The programmes are fully online and taught in English, so you can study from home and no student visa is needed. A master's requires about 1,900 hours, a postgraduate diplomas about 800 hours, and specialist courses about 300 hours, so planning weekly hours is essential. Fees can be paid in instalments, and some employers sponsor staff training, which you should confirm with your own employer.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Analyse the space and urban air mobility markets.
Build financial models for projects and companies in the sector.
Value technology companies using methods suited to their stage.
Assess the technical, regulatory and market risks of new businesses.
Structure public and private financing operations.
Design commercial strategies and business models.
Integrate the regulatory framework into business planning.
Who it's for
- Financial analysts covering the space sector.
- Business development managers.
- Aerospace strategy consultants.
- Venture capital investment analysts.
- Space programme managers.
- UAM product managers.
- Engineering or science graduates looking to enter the space industry.
What you'll work with
- 1967 Outer Space Treaty (principles governing activities in outer space)
- Implementing Regulation (EU) 2019/947 (UAS operations)
- Delegated Regulation (EU) 2019/945 (unmanned aircraft systems)
- Implementing Regulation (EU) 2021/664 (U-space regulatory framework)
- SC-VTOL-01 (special condition for VTOL aircraft)
- IFRS 16 (leases)
- IAS 38 (intangible assets)
- ECSS-M-ST-60C (cost and schedule management)
- Excel with financial models
- Crystal Ball
- PitchBook
- Power BI
- STK (Systems Tool Kit)
12 modules · 1900 h
1.1Size and segments of the space economy1.2Value chain: manufacturing, launch and services1.3From institutional space to NewSpace1.4Agency budgets and programmes1.5Economics of reusable launchers1.6Earth observation services1.7Satellite connectivity1.8Navigation and positioning services1.9Economic indicators for the sector1.10Case study: analysis of the launcher market
2.1UAM and AAM concepts2.2eVTOL aircraft and the main players2.3Use cases: air taxi, logistics and emergencies2.4Vertiport infrastructure2.5Demand forecasts and scepticism2.6Integration with U-space2.7Social acceptance and noise2.8Technological and certification barriers2.9The delivery drone market2.10Workshop: demand estimate for a UAM route
3.1Data and services business models3.2Satellite as a service and shared platforms3.3Subscription and pay-per-use models3.4Vertical integration versus specialisation3.5B2G, B2B and B2C models3.6Ecosystems and platforms3.7Value proposition and segmentation3.8The business model canvas3.9Notable business failures3.10Case study: business model canvas for an Earth observation start-up
4.1Structure of a financial model4.2Revenue and adoption forecasting4.3Capital and operating costs4.4Learning curves and unit costs4.5Cash flows and working capital4.6Scenarios and sensitivity analysis4.7Monte Carlo simulation4.8Good modelling practice4.9Presenting to investors4.10Practical exercise: financial model of a constellation
5.1Discounted cash flow5.2Comparable sector multiples5.3The venture capital method5.4Real options in space projects5.5Valuation of intangible assets5.6Valuation of pre-revenue companies5.7SPAC transactions and their performance5.8Technical and financial due diligence5.9Common valuation mistakes5.10Lab: valuation of a start-up with real options
6.1Public and institutional funding6.2ESA and European Commission programmes6.3Venture capital and investment stages6.4Debt, leasing and asset finance6.5Export credit agencies6.6Anchor contracts with governments6.7IPOs and acquisitions6.8Financing UAM infrastructure6.9Structuring a round6.10Workshop: structuring a funding round
7.1Parametric cost estimation7.2NASA and ESA cost models7.3Cost and schedule management to ECSS-M-ST-60C7.4Earned value management7.5Fixed-price and cost-plus contracts7.6Cost overrun risks7.7Supplier management7.8Programme indicators7.9Programme reviews7.10Case study: cost estimate for a microsatellite
8.1Technical and launch risks8.2Market and competitive risks8.3Regulatory and geopolitical risks8.4Launch and in-orbit insurance8.5Insurance for UAM operations8.6Enterprise risk management8.7Risk matrices and mitigation8.8Civil liability and third-party damage8.9Reinsurance and market capacity8.10Practical exercise: risk matrix for a space business
9.1National space licences9.2Spectrum and ITU coordination9.3Certification of eVTOL aircraft9.4European UAS regulations9.5The U-space regulatory framework9.6Export controls9.7Competition and State aid9.8Data regulation9.9Impact on lead times and costs9.10Case study: regulatory route for a UAM service
10.1Strategic and competitive analysis10.2Market entry strategies10.3Sales to institutional customers10.4Sales to commercial customers10.5Pricing and revenue models10.6Strategic alliances and industrial consortia10.7B2B technology marketing10.8Internationalisation and access to foreign markets10.9Scaling operations10.10Workshop: go-to-market plan for a service
11.1Founding an aerospace start-up11.2Founding team and talent11.3Corporate governance and advisory board11.4Intellectual property and patents11.5ESA accelerators and incubators11.6Growth indicators11.7Crisis management and pivots11.8Sustainability and ESG criteria11.9Ethics and responsibility11.10Case study: analysis of a space start-up
12.1Defining the business opportunity12.2Market and competitor analysis12.3Business model design12.4Building the financial model12.5Valuation and financing12.6Risk analysis12.7Regulatory route and required licences12.8Conclusions and recommendations12.9Master's Thesis report12.10Master's Thesis: defence before a panel
How you'll learn
Training is 100% online on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so the programme is compatible with work.
Each module combines theory, guided reading of the original regulation and applied exercises. The working software is Excel with financial models, Crystal Ball, PitchBook, Power BI and STK (Systems Tool Kit), in free, academic or evaluation versions. Exercises are based on real cases: a financial model for a constellation, the valuation of a space start-up and a market analysis for urban air mobility. Assessment is continuous per module, plus the final Master's Thesis.
Standards covered: the 1967 Outer Space Treaty, Implementing Regulation (EU) 2019/947, Delegated Regulation (EU) 2019/945, Implementing Regulation (EU) 2021/664, SC-VTOL-01, IFRS 16, IAS 38 and ECSS-M-ST-60C.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- University degree in engineering, science or architecture, or equivalent demonstrable professional experience.
- An internet connection and a computer able to run the programme software.
- English sufficient to read technical standards.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 1,900 hours over 12–14 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Excel with financial models, Crystal Ball, PitchBook, Power BI and STK (Systems Tool Kit), using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the Master's Thesis. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the higher programme. Ask about the recognition policy when you enrol.
A university degree in engineering, science or architecture (or equivalent professional experience), a computer able to run the software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
Related programmes
Master’s in Human Factors & HMI Engineering for UAM
Online master's programme of 1,900 hours in human factors and HMI engineering for UAM, structured in 12 modules covering aviation human factors, UAM specifics, cockpit ergonomics,…
Master’s in Aerospace NDT Engineering
Online master's programme of 1,900 hours in aerospace NDT engineering. 12 modules covering visual and penetrant inspection, magnetic particle testing, conventional and advanced ultrasonics, eddy current,…
Master’s in CAMO & Continuing Airworthiness Engineering
Online master's programme of 1,900 hours in CAMO and continuing airworthiness engineering. 12 modules covering Regulation (EU) 1321/2014, Part CAMO, Part M and Part 145, maintenance…
More in Aerospace, UAM, Drones & Space
All Aerospace, UAM, Drones & Space programmes → · How to apply · Fees & financing · Scholarships