This MSc programme, which has been designed in conjunction with leading risk professionals, aims to meet the growing demand for professionals who are highly skilled in quantitative risk management. Students gain core competencies in risk analysis and have the opportunity to tailor the programme to their own interests and needs through the wide variety of options available.
Students will be educated to an advanced level in programming and computing and will gain mathematical, statistical and computational modelling skills. They will have a clear appreciation of different types of risk within the industry, and of the managerial and psychological issues related to risk control.
Students undertake modules to the value of 180 credits.
The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research dissertation (60 credits).
A Postgraduate Diploma will be offered to the students that have completed eight taught modules (120 UCL credits).
A Postgraduate Certificate will be offered to the students that have completed four taught modules (60 UCL credits).
Students choose 60 credits of optional modules from the following:
Please note: the availability and delivery of optional modules may vary, depending on your selection.
With permission, a student may substitute up to two optional modules with electives. A list of acceptable elective modules is available on the Departmental page.
Students undertake modelling, research and data analysis which takes place over the summer placement. This forms the basis of the 10,000-word dissertation.
Teaching and learning
The programme is delivered through a combination of lectures, seminars, tutorials and project work. Modules are assessed by written papers and/or coursework. The research project is assessed by a written report and (optional) oral examination.
Students undertake a summer work placement in an industry environment organised by the department.
Further information on modules and degree structure is available on the department website: Financial Risk Management MSc
Many students have gone on to careers in financial services in the City of London or in their home countries; a number of graduates have proceeded to PhD-level study.
Recent career destinations for this degree
Students acquire mathematical, statistical and computational skills which are highly sought after by the financial industry to assess, quantify, model, simulate and edge risk.
Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2013–2015 graduating cohorts six months after graduation.
The Bank of England (BoE), the Financial Conduct Authority (FCA) and the financial services industry place great emphasis on raising the level of quantitative analytics used in risk management and compliance. UCL, in collaboration with the BoE/FCA, aims to set a new benchmark in this area, based on training students to become risk professionals who are good scientists in the area of risk management.
UCL Computer Science is recognised as a world leader in teaching and research. Our Master's programmes have some of the highest employment rates and starting salaries, with graduates entering a wide variety of industries.
We take an experimental approach to our subject, enjoy the challenge and opportunity of entrepreneurial partnerships and place a high value on our extensive range of industrial collaborations.
The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.
The following REF score was awarded to the department: Computer Science
96% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)
Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.
With its combination of risk and finance modules, including specialist insurance modules rarely offered on similar courses, this MSc will open up career options across the finance and insurance sectors. You’ll gain an advanced understanding of finance, investment, risk taking and decision making as well as critical risk management skills.
An increasingly uncertain financial world means there is growing demand for graduates with critical risk management skills as well as a through grounding in finance. Taught by leading researchers in risk taking, decision making and finance, this MSc will prepare you for a broad range of career paths. You could choose to use your skills in the financial sector, for example as a stockbroker, investment banker, financial analyst, risk officer or fund manager, or work for an insurance company. The course includes specialist modules in insurance and credit scoring rarely found on degrees of this type, so you can opt to develop your skills to progress in this growing sector.
Informed by the Business School’s significant research strengths in banking, finance and risk management, the MSc in Risk and Finance will prepare you for a broad range of career paths. Your knowledge of key financial concepts, risk taking and decision making will be valuable within financial institutions. You’ll also be able to advance your career in the insurance sector. The course includes specialist modules in insurance and credit scoring not found on similar UK degrees, so you can choose to develop your skills in order to progress in this growing industry.
This MSc is accredited by the Chartered Insurance Institute and the Institute of Risk Management. This demonstrates that we meet rigorous educational standards and also means you will be eligible for credits towards professional qualifications.
We welcome applicants from a range of disciplines who have undertaken some quantitative study, or who have relevant professional experience.
Our graduates now work in a range of industries, such as finance, banking, accountancy, insurance, IT, and many risk management and business security related companies across the financial and insurance-related sectors. You could choose to become a stockbroker, fund manager, risk officer, actuary, financial manager, investment analyst or investment banker. Or you might decide to continue your research at PhD level.
One of our flagship programmes with a leading world-class reputation for over 10 years and the first one in the UK to be accredited by the Global Association of Risk Professionals (GARP).
The financial system has undergone major restructuring in preparation for the new regulatory frameworks, affecting existing roles and creating different skillset requirements within risk management divisions of financial institutions.
This programme is tailored to the needs of the rapidly changing financial markets, providing graduates with an insight into the new innovations in the area of risk management. Through its long-term academic partnerships and accreditations by leading professional bodies, the MSc Financial Risk Management offers a cutting edge learning experience, aligning research excellence and current market intelligence.
The graduates benefit from exemptions to certain professional certifications from leading professional bodies worldwide. Click the ‘Careers & professional accreditation’ tab on the right for more information.
The MSc Financial Risk Management is accredited by the Global Association of Risk Professionals (GARP). The degree syllabus is enhanced with the most up to date professional practices in the area of risk management, integrating applied academic knowledge to industry needs and providing a competitive advantage to the graduates. Integral to the academic course is the parallel study of the GARP FRM Part I certificate. Upon successful completion of their degree, students will be registered to take the FRM Part I examination.
October – December: Part 1 Autumn Term
January: Part 1 Exams
January-April: Part 2 Spring Term
May – June: Part 2 Exams
June – August (12 month programme only): Part 3
August/Sep (12 month programme only): Part 3 Coursework deadlines
Part 1 compulsory modules
Part 2 compulsory modules
Part 2 optional modules
Students on the 9-month (12-month) programme can select 40 (20) credits from the following modules:
Part 3 optional modules
Students on the 12-months programme should take 20 credits from the following:
Full-time: 9 months Full-time: 12 months
Students will be resident and undertake full-time study in the UK. Under both, the 9 and 12-month programmes students take compulsory and/or elective modules in Part 2.
The 12 month option involves taking an elective 20 credit module between July and August, which would also mean a 20 credit reduction in the number of taught modules taken in the spring term.
After completion of this programme, students are well-prepared to follow a career in the challenging fields of risk management, or risk analysis with banks, regulators, portfolio managers, corporate treasuries, risk management software houses, specialist financial boutiques and hedge funds. Regulators, governments, advisors and commentators are unanimously endorsing the call for more and better qualified risk managers and analysts to join the financial industry.
Global Association of Risk Professionals (GARP)
MSc Financial Risk Management is accredited by GARP and the degree syllabus is enhanced with the most up to date professional practices in the area of risk management, integrating applied academic knowledge to industry needs and providing a competitive advantage to the graduates. Integral to the academic course is the parallel study of the GARP FRM Part I certificate. Upon successful completion of their degree, students will be registered to take the FRM Part I examination.
Professional Risk Managers’ Association (PRMIA)
ICMA Centre MSc Financial Risk Management students are eligible for exemption from Exams I and II of PRM Certification. In addition MSc FRM students are provided with assistance to take PRM Exams III and IV.
The ICMA Centre is a Chartered Institute of Securities and Investment (CISI) Centre of Excellence. Centres of Excellence are a select group of UK universities, recognised by the CISI as offering leadership in academic education on financial markets. Students who are on a financially-related masters course recognised by the CISI are eligible for exemptions and membership.
ICMA Centre students who register and successfully complete two CISI Diploma in Capital Markets modules (Securities and Bonds & Fixed Interest Markets) are eligible for an exemption from the third module (Financial Markets).
Our Risk Analysis MA, MSc has a unique focus on the societal, health, safety and environmental aspects of risk – rather than the financial aspects. We will provide you with a deep knowledge and understanding of social science theories, concepts, techniques and organisational approaches to risk assessment, management, governance and communication.
In recent years, the ideas, concepts and tools of risk analysis have come to dominate the way in which we conceive and respond to an ever-expanding range of societal threats to the environment, health, security, prosperity or even lifestyle. However, how we assess, manage, govern and communicate risk is regularly the source of political conflict, and this poses dilemmas for policymakers, public and private sector organisations and individuals alike. It is
increasingly recognised that such issues –evident in crises from food safety to banking – cannot be addressed by simple technical ‘know-how’ alone. They require understanding of the political, organisational and social contexts in which decisions are made.
Our course draws together a unique combination of risk scholarship from across the social sciences, including psychology, political science and sociology, to provide an advanced academic foundation in risk studies. In doing so, it will equip you to critically analyse risk issues in a wide range of public policy, organisational and societal settings, to evaluate the dynamics of risk governance and management options, and to develop reflexive communication strategies.
We will teach you through a combination of lectures and seminars, and you will typically have 20 hours of this per module. We also expect you to undertake 180 hours of independent study for each module. For your 12,000 word dissertation, we will provide four workshops and five hours of one-toone supervision to complement your 587 hours of independent study. Typically, one credit equates to 10 hours of work.
Performance on taught modules in the Geography Department is normally assessed through essays and other written assignments, oral presentations, lab work and occasionally by examination, depending on the modules selected. All students also undertake a research-based dissertation of 12,000 words.
This course will enable you to undertake further doctoral research or enter careers as risk specialists. Our graduates work in industry, consultancies, governmental and nongovernmental agencies. Past graduates have used the skills they developed with us to enter and excel in a variety of positions including the World Bank, European Commission, HM Government, UN Food and Agriculture Organisation, UK Food Standards Agency, US Department of Homeland Security, Medical Research Council, Pricewaterhouse Coopers, KPMG, SwissRe, Ernst and Young, Marsh Risk Consulting, Federal Reserve Bank of Boston, Total, L’Oreal, Network Rail, Sainsburys and ING.
Uniting emergency response, disaster risk reduction and space technology this programme is designed to prepare students to work in the fields of satellite technology and disaster response to explore the management of risk and disaster losses from a range of perspectives, focusing on emerging risks posed to modern technology by space weather and the monitoring of hazards on Earth from outer space.
Students will learn about a wide variety of natural hazards, how to prepare and plan for emergencies and disasters and how to respond. Students will also learn practical aspects of designing, building and operating satellites and spacecraft including the challenges and risks posed by the environment of outer space.
Students undertake modules to the value of 180 credits.
The programme consists of six core modules (90 credits), two optional modules (30 credits) and a dissertation (60 credits).
Students choose two 15-credit optional modules from the following:
Optional modules are subject to availability of places.
All students undertake an independent project culminating in a report of between 10,000 and 12,000 words.
Teaching is delivered by lectures, seminars and interactive problem sessions. Assessment is by examination, poster, presentation and written essay coursework.
For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.
This programme aims to prepare students for careers in space research, space and defence industries as well as most industries with risk management requirements.
The unique selling point of the programme is the direct access to key government and business drivers in the field of space weather, with invited seminars and reserch projects supported by the UK Met Office, EDF, Atkins and other institutions interested in the hazards of space.
The natural hazard of space weather is a "new" hazard which has only recently been identified as a significant risk to human society. As the first generation of researchers, practitioners and engineers in this field, students will be at the forefront of major new issues in an expanding sector of the economy. As disaster response comes to rely on more advanced technology aid, relief and disaster response agencies require experts trained in the technological infrastructure to innovate, explain, operate and understand the limitations of these novel systems and the help they can provide before, during and after disasters.
The programme will also provide students will advanced training in many transferable skills, such as computor programming, technical writing, oral and written presentation, the use of engineering design tools and graphic visualisation software.
Next intake is scheduled for June 25, 2018. Applications now open; places are limited.
A powerful force is driving industrial growth and change, and it’s only getting stronger. That force? Uncertainty. Society increasingly demands more efficient transport, more power production, safer energy exploration and processing, less waste, smarter products and of course, all at lower costs. All these demands spotlight uncertainty, and how we need to manage uncertainty through engineering, science and technology. Modern engineers face an intriguing set of challenges when tackling uncertainty and they have developed some of the smartest methods, tools, techniques and approaches for understanding system safety, risk and reliability.
The Master of Engineering (Safety, Risk and Reliability) is the ideal gateway to boost your capacity to tackle these real world increasingly complex issues. In the 21st century, industry will routinely deal with novel hazardous processing technologies, complex energy grid load-balancing from renewables, driverless cars, artificial vision to augment control and feedback in sub-sea exploration – and the infinitesimal scale of nanotechnologies in bionic engineering. Currently, people are at the heart of many hazardous work environments, exposed to the consequences of uncontrolled events; but soon, artificial intelligence will afford more human tasks to be automated (and present a host of newer risks, in exchange for the retired ones). This progress has to be examined in systematic terms – terms that integrate our understandings of technical fallibility, human error and political decision-making.
This program has been carefully designed to accomplish three key goals. First, a set of fundamental concepts is described in useful, manageable ways that encourage rapid and integrated knowledge-acquisition. Second, that knowledge is applied in creative and imaginative ways to afford practical, career-oriented advantages. Third, the learning that results from the integration of knowledge and application is emboldened by activities and projects, culminating in a project thesis that is the capstone of the program. This carefully designed learning journey will develop factual understanding and also exercise participant’s creativity and design-thinking capabilities. Employers are hungry for these skills, and program graduates can expect a significant advantage when interacting with employers, clients, consultants and fellow engineering peers.
To gain entry into this program, applicants need one of the following:
a) a recognized 3-year bachelor degree in an engineering qualification in a congruent* field of practice with relevant work experience**.
b) a 4-year Bachelor of Engineering qualification (or equivalent), that is recognized under the Washington Accord or Engineers Australia, in a congruent*, or a different field of practice at the discretion of the Admissions Committee.
c) a 4-year Bachelor of Engineering qualification (or equivalent) that is not recognized under the Washington Accord, in a congruent* field of practice to this program.
An appropriate level of English Language Proficiency equivalent to an English pass level in an Australian Senior Certificate of Education, or an IELTS score of 6.5 (with no individual band less than 6.0) or equivalent as outlined in the EIT Admissions Policy.
* Congruent field of practice means one of the following with adequate Safety, Risk and Reliability content (fields not listed below to be considered by the Dean and the Admissions committee on a case-by-case basis):
• Chemical and Process Engineering
• Electronic and Communication Systems
• Instrumentation, Control and Automation
• Industrial Automation
• Industrial Engineering
• Agricultural Engineering
• Electrical Engineering
• Manufacturing and Management Systems
• Mechanical and Material Systems
• Mechatronic Systems
• Production Engineering
• Mechanical Engineering
**Substantial industrial experience in a related field is preferred, with a minimum of two years’ relevant experience.
Students must complete 48 credit points comprised of 12 core subjects and one capstone thesis. The thesis is the equivalent of one full semester of work. There are no electives in this course. The program duration is two years full time, or equivalent. Subjects will be delivered over 4 terms per year. Students will take 2 subjects per term and be able to complete 8 units per year. There will be a short break between terms. Each term is 12 weeks long.
During the program you will participate in weekly interactive sessions with the lecturers and other participants from around the world. Each unit's weekly live tutorial will last 60 to 90 minutes. We take student availability into consideration wherever possible before scheduling webinar times. All you need to participate is an adequate Internet connection, speakers and a microphone. The software package and setup details will be sent to you at the start of the program.
EIT provides distance education to students located almost anywhere in the world – it is one of the very few truly global training institutes. Course fees are paid in a currency that is determined by the student’s location. A full list of fees in a currency appropriate for every country would be complex to navigate and, with today’s exchange rate fluctuations, difficult to maintain. Instead we aim to give you a rapid response regarding fees that is customized to your individual circumstances.
We understand that cost is a major consideration before a student commences study. For a rapid reply to your query regarding courses fees and payment options, please query via the below button and we will respond within 2 business days.
Our PGCert in Approved Mental Health Professional Practice is the only certificate that allows students to gain Approved Mental Health Professional (AMHP) status and be approved by local authorities.
The course combines academic study with practice in mental health, with a focus on AMHP training.
AMHP training covers the integration of mental health issues, psychiatry and mental health law in multidisciplinary teams from a social perspective.
Our lecturers reflect this multidisciplinary approach and include psychiatrists, lawyers, psychologists, nurses and social workers, as well as service users and carers.
Students undertaking AMHP training must be supported by their employers and seconded to the training. Employers must agree to provide a Practice Educator and an appropriate Practice Learning Placement.
To meet the requirements for AMHP, you must successfully complete the five mandatory course units and a competent Practice Portfolio.
Students who successfully complete the PGCert will be able to progress to our PGDip in Applied Mental Health, which includes a literature review. You can then progress to our MSc in Applied Mental Health.
Our PGCert has been designed for those wishing to seek authorisation under the Mental Health Act 1983, as amended in 2007, to discharge the duties of an Approved Mental Health Professional.
The outcome is to produce knowledgeable and skilled professionals who will be able to discharge statutory responsibilities under this legislation, and who will also have the ability to stay abreast of cutting-edge research and development within contemporary mental health services, as well as having the capacity to translate research insights into practice.
The course aims to produce students who:
Learn from psychiatrists, lawyers, psychologists, nurses and social workers, as well as service users and carers.
You can learn when it suits you by choosing to take this course over either one or two years part-time.
Our lecturers include psychiatrists, lawyers, psychologists, nurses and social workers, as well as service users and carers.
Find out more by visiting the postgraduate teaching and learning page.
Assessment is continuous throughout the programme. Students are required to complete assessed essays, an 'open book' mental health law examination and practice-focused assessments.
This course comprises five compulsory units and a Practice Portfolio (zero credit rated unit). The units are:
Each of the 5 units are worth 15 postgraduate credits and the Practice Portfolio is a zero credit rated unit.
The pass mark for each unit is 50%. The Practice Portfolio is assessed as either competent or not yet competent.
On successful completion of all five units plus being deemed 'competent' in the Practice Portfolio, you will be eligible to be approved as an AMHP by your local authority.
This programme will show you how to use mathematical techniques to tackle real-life problems ranging from scheduling flights and routing mobile phone calls to managing investments and minimising risks. Operational Research (OR) is an important skill that is in high demand.
This MSc will give an Operational Research perspective on risk and its management.
This programme involves two taught semesters of compulsory and option courses followed by your dissertation project.
Courses previously offered include:
Plus two courses from:
As part of your option course choices Operational Research with Risk requires you to study a combination from a set of courses which, previously, has included:
The skills you will learn are in demand by a vast range of high-profile organisations including consultancy firms, companies with operational research departments such as airlines or telecommunications providers, financial firms and the public sector.
Recent graduates have joined British Airways, the Government OR Service, Barclays, Deloitte, Capgemini and smaller specialised OR, finance and energy companies.
The dissertation projects of approximately half the students on this programme take place in public and private sector organisations. Other students choose a University-based project.