This MSc Risk Management course will teach you cutting-edge risk management principles and techniques that you can apply in any domain, opening up a wealth of career options.
This degree is one of a few UK masters courses to cover risk management theory and practice within a broad framework, with applications across a range of sectors. It gives you the freedom to explore your own interests through optional modules in areas such as finance, quantitative methods or corporate security. You’ll be taught by academics at the forefront of risk management research, including world-leading experts in decision making in uncertain environments and project risk. You’ll also benefit from close links with the Business School’s Centre for Risk Research, the only specialist centre of its type in a Russell Group University. In addition, the course is accredited by two UK risk and insurance professional bodies.
From banking and insurance to manufacturing and public health, effective risk management is now recognised as a crucial factor for success in all sectors. This popular degree is one of just a handful of masters courses in the UK that teaches risk management within a broad framework that can be applied in any field, rather than focusing on a specific industry such as finance or engineering. This gives you the freedom to explore different aspects of risk and discover your area of interest, which you can pursue by choosing from a range of specialist modules.
The programme is delivered in conjunction with the Business School’s multidisciplinary Centre for Risk Research, the only risk-related research centre of its kind in a Russell Group university. Our academics’ links with the Centre’s research programmes will inform your learning, and you’ll have access to additional opportunities such as industry seminars run by the Centre.
This course will be of interest if you already have some professional experience and want to advance risk management practice in your industry, or if you are looking to specialise following your undergraduate studies. We welcome students from a range of academic backgrounds who have undertaken some quantitative study.
The MSc in Risk Management is accredited by the Chartered Insurance Institute and the Institute of Risk Management. This reflects our rigorous academic standards and means you’ll be able to apply for credits towards professional qualifications when you graduate.
You’ll graduate with a wide range of career options. You could choose to work for a financial or insurance company, the pharmaceutical or medical industry, or in environmental risk management. Potential employers include consultancy service firms and government organisations as well as private sector companies.
Our graduates have gone on to work for companies such as:
The reputation of our risk management courses means we are regularly approached by companies seeking talented students for placement, internship or job opportunities. For example, Zurich Insurance recently offered placements for some of our students. These opportunities are not a formal part of the course and vary from year to year.
The Mechanical Engineering MSc is designed to offer an advanced level of study in specific aspects of mechanical engineering that are in demand from industry. The degree comprises study in analysis and design of power machinery systems, engineering structures, vibration, control and the use of computers in advanced engineering analysis.
You will develop an advanced knowledge of mechanical engineering and associated disciplines, alongside an awareness of the context in which engineering operates, in terms of safety, environmental, social and economic aspects. Alongside this you will gain a range of intellectual, practical and transferable skills necessary to develop careers in this field.
Students undertake modules to the value of 180 credits.
The programme consists of six core modules (90 credits), optional modules (15 credits), and a research project (75 credits).
One of the following subject to availability:
Culminating in a substantial dissertation, the research project, which often has industry input, focuses your research interests and develops high-level presentation and critical thinking skills.
Teaching and learning
This dynamic programme is delivered through a combination of lectures, seminars, tutorials and example classes all of which frequently draw upon real-life industrial case studies. Each module is assessed by coursework submission alone or a combination of examination and coursework. Some include an oral presentation of project or assignment work.
Further information on modules and degree structure is available on the department website: Mechanical Engineering MSc
Engineering graduates with good analytical abilities are in high demand and our graduates have little difficulty gaining employment across many industries. The programme specifically aims to equip students with skills in analysis and design such that they can be employed as professional engineers in virtually any sector of the mechanical engineering industry.
Recent career destinations for this degree
Delivered by leading researchers from across UCL, you will definitely have plenty of opportunities to network and keep abreast of emerging ideas. Collaborating with companies and bodies such as the Ministry of Defence and industry leaders such as BAE Systems and Shell are key to our success and we will encourage you to develop networks through the programme itself and via the department’s careers programme which includes employer-led events and individual coaching. We equip our graduates with the skills and confidence needed to play a creative and leading role in the professional and research community.
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.
UCL Mechanical Engineering scored highly in the UK's most recent Research Excellence Framework survey with research in such diverse areas as Formula 1, biomedical engineering and naval architecture. The department is located in the centre of one of the most dynamic cities in the world.
The department has an international reputation for the excellence of its research which is funded by numerous bodies including: the Royal Society, the Leverhulme Trust, UK Ministry of Defence, BAE Systems, Cosworth Technology, Shell, BP, Lloyds Register Educational Trust, and many others.
The Mechanical Engineering MSc has been accredited by the Institute of Mechanical Engineers (IMechE) and the Institute of Marine Engineering, Science & Technology (IMarEST) as meeting the further learning requirements, in full, for registration as a Chartered Engineer for a period of five years, from the 2017 student cohort intake.
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: Mechanical Engineering
90%: Aeronautical, Mechanical, Chemical and Manufacturing Engineering subjects; 95%: General Engineering subjects 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.
The demand for highly skilled experts in financial economics continues to increase rapidly in the modern economy. This demand exists in the public sector (central banks, international organisations, academic institutions) and especially in the private sector (commercial banks and insurance companies). This course is designed to meet this demand for those students who seek a quantitative degree in financial economics, by combining a solid training in microeconomic and macroeconomic principles, as well as the quantitative methods and theory needed for the analysis of financial markets.
Financial Economics is a fascinating area, having a history marked by outstanding achievements. A remarkable feature of this discipline is that its theoretical highlights (such as the Black-Scholes formula) turned out to be extremely important in practice. Fundamental ideas and tools of Financial Economics that were developed at the interface between Mathematical Economics and Finance created new markets essentially based on concepts suggested by academics. A central goal of the course is to demonstrate the use of these ideas and tools in contexts where they are indispensable and widely exploited. The course will expose students to quantitative techniques and theory that will be useful to anyone in the financial industry - a portfolio manager, risk management consultant, or financial analyst.
Quantitative methods preparation for the MSc
1. Please visit our Introduction to Quantitative Methods in Economics website where you will find information about the minimum level of knowledge of mathematics and statistics that you should possess from your current or previous training.
2. On the same website, please look at the details and content of our Introduction course on Quantitative Methods in Economics which builds on the knowledge resumed in (1) and which is designed to equip you with further technical skills that you will require before starting the MSc. You are strongly advised to attend this course which is offered, free of charge. The course will run during induction week and we recommend that you spend some time between July 1 and September studying and familiarising yourself with the course material on the website, especially if you might not be able to attend the course. The significance of this course is illustrated by the fact that the obtained marks contribute 10% to the final marks of the Maths Methods and Econometrics compulsory units of semester 1.
IMPORTANT NOTE ON PART-TIME STUDY
Part-time students complete the full-time programme over two years. There are NO evening or weekend course units available on the part-time programme.
You must first check the schedule of the compulsory modules and then select your optional modules to suit your requirements.
Updated timetable information will be available from mid-August and you will have the opportunity to discuss your module choices during induction week with your Course Director
Assessment is usually by written examination at the end of each semester in which a course unit is taught. Some units may require a course work element that may be assessed. Progression to the summer dissertation element requires completion of the taught element at least at the pass-level.
The program offers four core units in Semester 1 (Macroeconomics, Microeconomics, Econometric Methods, Mathematical Methods in Economic Analysis) and in Semester 2 three core units (Mathematical Finance, Financial Economics, Financial Econometrics or Applied Macroeconometrics orCross Section Econometrics) plus one optional module from a list of choices (eg, Monetary Economics, Public Economics, and Economic Growth). Such modules as Mathematical Finance and Financial Economics not only contain the material which is a recognised classic in the field, but also reflect new trends in the area (eg elements of Behavioural Economics and Finance).
Employment opportunities for students in Financial Economics are traditionally very good. The high reputation of The University of Manchester, and especially its Economics division having rich historical traditions, will serve as an excellent recommendation for job applicants. The high-quality training obtained in the course of the study within the MSc in Financial Economics Programme will facilitate the future career of those who have got this degree.
The Race Car Aerodynamics masters degree is recognised as a world-leading course for those wanting to enter Formula One as aerodynamicists and CFD engineers. The theme emphasises the fundamentals of aerodynamics as a subject by focusing on analysis, computation and measurement of turbulent flows associated with high performance race cars. It will suit graduates or similarly qualified individuals from engineering, scientific and mathematical backgrounds, with some experience of fluid dynamics who are aiming for advanced specialisation in aerodynamics.
This postgraduate masters course emphasises the fundamentals of aerodynamics as a subject by focusing on analysis, computation and measurement of turbulent flows associated with high performance race cars. It will suit graduates or similarly qualified individuals from engineering, scientific and mathematical backgrounds, with some experience of fluid dynamics who are aiming for advanced specialisation in aerodynamics.
Design is a central theme on this course. You will take part in individual and group practical work to detail your insight of race car design and learn to evaluate and apply experimental aerodynamic concepts. You will also learn advanced computational fluid dynamics and numerical procedures to counteract problems in the design process.
The year is divided into two semesters. Each semester, you will have the option to further your understanding by selecting from a range of modules, from Systems Reliability to Automotive Propulsion.
The final four months will hone in on research. You will have access to our world-class facilities, including the RJ Mitchell wind tunnel as used by F1 teams, America's Cup yacht teams and Olympic athletes. As part of the learning process, you will engage in experimental and practical study and complete a critical research project.
This programme will equip you with the knowledge and skills you need to meet the needs of the automotive industry in the advanced areas of analysis, design and manufacture.
Traditionally, the sector has been associated with high-volume vehicle manufacture, but the past decade has seen the landscape shift towards automotive component manufacturers and specialist design and consultancy house.
This course will prepare you to work in a range of different settings. Core modules will develop your knowledge of key fields such as chassis and driveline engineering, as well as vehicle and product systems design. You’ll then choose from optional modules on topics that suit your own interests and career intentions.
We put particular emphasis on computational methods and software packages in automotive engineering analysis, design and manufacture. Depending on the modules you choose, you could use Matlab, Abaqus finite element code, Fluent CFD, SolidWorks CAE and LabView (DAQ and control).
You’ll benefit from working in world-class specialist facilities for different aspects of automotive engineering. These include a brake test area and measurement lab, as well as the latest industry-standard software for computational fluid dynamics and finite element modelling of systems and materials. ADAMS software is also available for suspension simulation.
High-level CNC and wire EDM facilities are available in the Faculty workshop, and we have cutting-edge tribology facilities to study wear on engine parts. There’s even a ‘stirred bomb’ for characterising fuel ignition and advanced engines with optical access. If you get involved with Formula Student race car, you’ll also use our dedicated car build area including computerised engine test bays.
This programme is also available to study part-time over 24 months.