The global business environment is more complex and interconnected than ever before. Major shifts can happen in a day. The pace of change keeps increasing.
The MSc Risk Management at GCU is designed for today - and industry recognises this. Double-accredited by the Chartered Insurance Institute (CII) and the Institute of Risk Management (IRM)
As a student, you'll gain the cutting-edge knowledge and practical skillset to navigate the complexities and challenges of risk management in today's world.
GCU is a global leader in risk management education and research. Our experts pursue high-impact research and investigate real-world problems in risk management. For example, we conducted a recent government-funded study assessing the risks associated with private finance in the construction industry and produced a recent report on the risks associated with e-commerce.
Our staff publish on subjects like insurance risk regulation, occupational health and safety, healthcare risk management, financial risk management and more - contributing to public knowledge and the common good.
In our thriving GCU community, we encourage every student and graduate to help build the common good as well. That means exploring ways to make a positive impact, whatever you do, wherever you go.
Enterprise Risk and Modelling
You will gain an understanding of the theory involved in contemporary risk management processes and practices; providing you with an understanding of the building techniques required to assemble a risk analysis model.
Global Perspectives on Risk
You will learn how to critically analyse a wide range of risks, including managerial, cultural, political, ethical and economic factors impacting on international businesses. You will also evaluate a range of risk management strategies and tactics available to international businesses.
Risk Financing and Insurance
You will learn the basic principles of risk finance, examine insurance theory and undertake a critical evaluation of insurance practice. Alternative risk financing methods such as options, futures, swaps and securitisation will also be analysed.
Business Continuity and Crisis Management
You will examine the relationship between risk management and business continuity management, study the key drivers of Business Continuity and the strategies involved when an organisation faces a crisis situation.
Ethics and Corporate Governance
This module explores the key issues in corporate governance and the extent to which the arrangements currently in place secure corporate accountability.
Personal and Professional Development
Enables you to identify, understand, develop and articulate your personal abilities in the context of your future career aspirations.
This module develops advanced skills related to a range of research methods needed for academic and practical research at masters level.
The final element of the programme is the dissertation, which provides you with an opportunity to design and undertake a piece of research in a selective area of risk management.
Our graduates are highly competitive candidates for job opportunities in the UK and across the world. Graduates find successful roles in risk management, risk analysis, risk co-ordination, insurance and business continuity management and more in a wide range of industry sectors including banking, insurance, consultancy, oil and gas, transport, and construction.
MSc Risk Management & Financial Engineering is a highly quantitative programme tailored to high calibre and technically-minded graduates wanting a deeper, more analytical study of risk management and financial engineering than is found in general finance programmes.
The programme is accredited by the Professional Risk Managers’ International Association (PRMIA) and the School offers students on this programme the opportunity to attend PRMIA events, have access to its resources and receive considerable discounts on PRMIA exams.
In September you will study five foundation modules to introduce the tools of modern finance and enhance your career development skills. These include:
• Markets and Securities
• Financial Modelling
• Application of Matlab to Finance
• Data Structures and Algorithms using Python
• The Finance Industry
You’ll take eight core modules which are the backbone of our programme, providing you with a solid knowledge base in each subject area. Each module builds on previous experience while introducing new and challenging disciplines. These include:
• Empirical Finance: Methods and Applications
• Financial Engineering
• Financial Statistics
• Investments and Portfolio Management
• Risk Management and Valuation
• Stochastic Calculus
You will also receive training in Visual Basic for Applications (VBA), choose from a variety of electives and undertake a final project. The selection of electives include:
• Advanced Options Theory
• Credit Risk
• Advanced Financial Statistics
• Enterprise Risk Management
• Fixed Income Securities
• International Elective: Macro and Finance for Practitioners
• International Finance
• Structured Credit and Equity Products
• Private Equity and Venture Capital
• Wealth Management and Alternative Investments
• Topics in FinTech Innovation
This program is designed to develop informed professionals who will be able to identify, measure and manage the risks latent in investments, business decisions or financial transactions.
The significant social costs paid by societies due to the recent financial crisis, highlight the importance of effective risk management.
Being a University Partner of PRMIA (Professional Risk Managers' International Association), our program will help you join the ranks of the globally growing profession of risk management and pursue a career dealing with some of the hottest challenges in business today:
Key features of the program
The MSc in Risk Management is Designed for:
International Recognition: Being accredited by the New England Association of Schools and Colleges (NEASC) and PRMIA University Partner, the program offers international and professional reputation and acceptance.
Hands-on: The specialization courses are tied to professional practice and aim to address pragmatic challenges faced by risk managers.
Integrated: The modular structure of the curriculum ensures that the program is well balanced around three themes: competency in analytical skills, knowledge of financial theory and ability to measure and control risk.
Aware: Studying risk dynamics allows for a deeper understanding of the contagion mechanisms that created the global financial crisis with significant impact on societies.
Innovative: The program offers the opportunity to master topics that differentiate from standard finance curricula, such as the challenges faced by financial institutions, the role of regulation in promoting financial stability and the application of quantitative processes that focus on tail risks.
This postgraduate Project Management, Finance and Risk programme is for those pursuing or planning a career in managing the introduction of capital goods or applying the latest project management techniques to complex projects. It is particularly suited to students with a scientific or financial engineering background as we cover quantitative risk assessment in depth, which requires an aptitude for measuring and analysing data.
Consider the risks contained within a project such as the Euro Tunnel. Two governments sponsoring the project and nine billion pounds of finance ring-fenced through a special purpose company to complete it. Will it be finished on time and will it secure the revenues to service the debt? These are the kinds of questions we address on this programme.
MSc Project Management, Finance and Risk gives you a foundation in quantitative risk assessment and decision-making under uncertain conditions, coupled with classical engineering economics and financial engineering.
From analysing indecision within games theory to rebuilding a country’s infrastructure, we explore the drivers in which businesses operate, and the challenges and opportunities that project managers face. Teaching is provided by internal and external lecturers with expertise in the field. This is complemented by invited lectures from the Sir John Cass Business School, together with people from industry and the banking sector who bring in diverse skill sets and the ability to solve complex problems.
There is no formal requirement to do an industry-based placement as part of the programme. However, some students arrange to undertake their final project within a company.
As well as lectures, you learn through tutorial support, guided private study, coordinating group activities, and coursework. Not every module has an exam and in some cases you will be assessed through a module project.
Full-time students complete the programme in one year and we expect you to devote a significant part of the non-taught hours to project work, group activities, as well as your own independent study. The duration of a part-time programme is two years (this may be extended to three years in individual cases.
There are four core modules and two electives. Out of the two electives you can choose from four or five topics including games theory, perspectives on management and leadership and entrepreneurship, innovations and enterprise.
You can also take part in a rolling programme of one-day events to build your communication and team-building skills while you study. These sessions cover topics including conducting research, improving your presentation skills and dealing with people.
The course is modular and each module lasts four days. The structure has been designed in this way so that both full and part-time students can follow the programme. In addition, the course offers practical skills in management, leadership, entrepreneurship, software and communications tools.
You are normally required to complete all the taught modules successfully before progressing to the dissertation.
A Prince 2 Project Management Practitioner’s Course will be offered to students in the summer term. This five-day course, paid for by the institution, is presented by an outside training agency. By successfully completing the course you will be awarded a coveted practitioner’s certificate.
Elective modules include
You will choose two elective modules.
Graduates completing the course will be prepared for a wide range of careers involving project management, risk management and financial planning. From banking to management and from engineering consultancies to the pharmaceuticals industry, this programme gives you diverse options when it comes to developing your career and being part of key decision-making processes.
If you want to work in infrastructure management and development, which involves management of supply chain and/or financial risks, the programme will be particularly relevant. Additionally, the course is ideal if you are planning a career in any of the following areas:
Students are supported by the Careers, Student Development & Outreach team who offer a professional, high quality careers and information service.
This course is designed for computer science, informatics and IT professionals who want to pursue a career in which advanced research skills may be useful. It is most suitable for experienced or emerging professionals and is ideal if you wish to advance your knowledge of business performance and how it is supported by information technology.
What you study
The course is structured to give you advanced level research skills specifically relevant to the IT discipline, together with a framework for developing your knowledge of how organisations seek to use IT for transformation and innovation.
On the course you examine the relationships between corporate strategy, business models, services and process models, performance, risk and value management, and computer technology. You discover how enterprise systems can be integrated with strategic and tactical business decision-making as well as data analytics and processing. You also learn about emergent technologies such as smart applications driven by artificial intelligence and robotic process automation.
Throughout your work, questions will emerge and you will be able to identify topics to research based on what you have studied. You take three modules that reflect your area of specialism or that provide you with important background knowledge. You also learn about research techniques from which you conduct your preliminary research study and dissertation.
Throughout the course you benefit from a strong underpinning focus on computer science and informatics.
The course has been designed in consultation with LEADing Practice, an Enterprise Standards body whose models are integrated into enterprise software products of SAP™, IBM™, iGrafx™ and LEADing Practice’s Enterprise+. This professional, vendor-neutral standards body brings to bear its invaluable experience to the course, having worked with over 4,600 industry practitioners.
In addition, you are taught by leading research-active academics and industrial practitioners. Eminent contributors and guest speakers enhance your learning by exposing you to theoretical knowledge and real-world case studies. This may include industry professionals such as the founder of Enterprise Architecture, John A. Zachman. Further support comes from the Global University Alliance (GUA), a consortium with more than 450 academic institutions in its membership. Both LEADing Practice and the GUA work with other standards bodies such as the OMG, ISO, IEEE, CEN, and W3C. All this knowledge is uniquely brought together in this course to provide you with industry expertise and connections.
As a result the course helps to raise your professional profile with your existing or prospective employer and enables you to pursue a career where advanced research skills are may be useful, including those appropriate for doctoral study.
The course is designed as study blocks so that you attend for two weeks in October then two weeks in January in the academic year. The remaining time you engage in pre-reading, and work on your assessments including a preliminary research study and your research dissertation.
you then undertake the following two modules in which you engage with your agreed research topic with close supervision
On completion of the course you should be able to demonstrate the most relevant ways that computers can help organisations achieve their goals.
You may aim to pursue studies at PhD level, or develop your skills as an industrial practitioner in enterprise modelling, engineering or architecture.
You can join the LEADing Practice open source standard development community – more than 4600 practitioners who work across all sectors of industry. The MRes enables you to become certified as a LEAD Transformation eXpert as well as a LEAD Business Architect.
With such a wide variety of options, you can expect a fulfilling career leading to a senior technological or business role.
Learn how to overcome the major challenges facing industry, business and the public sector today, and influence the decision-making processes of the future.
We run a core module on Data Analytics which will introduce students to SAS Enterprise. A coursework prize for this project will be sponsored by SAS.
Recent highlights included a case study run by British Airways, a presentation from SAS on the Future of Analytics and ongoing dissertation projects with Unilever and LBM.
Assessment varies depending on course units taken. It may include a combination of course work, group project assessment and presentations, report, assignments, in-class tests and examination. The dissertation normally ranges between 12,000 and 25,000 words.
During the course you will be taking 180 credits in all. The eight taught modules during semester one and two total 120 credits and consists of both compulsory and optional taught units which can be viewed in the list below.
The core courses unit introduce you to mathematical principles and practical tools for Optimization, Decision Making, Data-Mining, Statistical Analysis, Simulation and Risk Analysis. Specific software packages include SAS, SPSS, Minitab, AMOS, Eviews, Excel, Excel Solver, SIMUL8, iThink, Risk Solver, IDS.
Over the summer period, you will carry out your Research Dissertation, worth 60 credits. Examples of recent dissertation project topics include:
Contact us for further information on scholarships available .
There are many potential career roles for postgraduates with an understanding of analytical approaches in business and management - including job titles such as operational research analyst, systems analyst, risk analyst, financial analyst, performance analyst, business analyst, marketing analyst, business modeller, and operations, logistics, production, project, risk, quality, performance, or general manager. Employers include general and specialist consultancies, the finance, retail and manufacturing sectors, government analytics units, defence and major 'solution providers' in IT systems, outsourcing and telecoms.
In many of these areas an MSc is generally accepted as highly desirable for developing an initial career in the field. In addition to preparing you for specialist professional work, the course is also a valuable preparation for further study and for research degrees.