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.
CISI Diploma
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).
This MA degree programme is designed for students who wish to explore the social dimensions of risk and resilience. The Department of Geography is especially well-suited to examine these in relation to environmental hazards, climate change and security-related risk, but students are encouraged to develop their thinking in relation to any aspect of risk research, including broader environmental change, disaster risk reduction, financial risk, risk and insurance, risk and health, risk and migration, risk and social policy, risk and governance, borders and terrorism. The MA programme foregrounds the existence of multiple ways of understanding risk, from risk as an objective phenomenon managed through scientific tools (e.g. in the case of environmental hazards) to risk as a social construct and a political technique (e.g. in the case of risk and security).
For students interested in security-related risk, the MA programme offers in-depth and advanced understanding of geo-political security challenges and politics, including the ways in which society is governed increasingly through the prism of risk. Dealing with risks as a function of both the natural and social environments we live in, the course responds to the growing realisation that many risks are being created through social processes bound to questions of security, including the ways that risk techniques are emerging and being employed as a means of securing uncertain futures.
Students take the following core modules, and a selection of elective modules, which, when combined, add up to 180 credits:
Core Modules:
Elective Modules available in previous years include:
Understanding and managing risk is ultimately about choice. All elements of society, from individuals to governments, must make decisions – conscious or not – about the ways in which they perceive, interpret, balance, and mitigate risk. Risk permeates our day-to-day lives in ways that are now recognised to be much more complex than the hazard-vulnerability paradigm, which dominated risk research until the 1990s, recognised. A deeper understanding of the nature of risk, its emergence, and its interface and position within societies, has emphasised the need to take a much more complex view in which a general understanding of the ways in which risk is generated, experienced and managed needs to be combined with a specific understanding of particular science or policy areas.
The primary aim of this Masters programme is to equip students with a general understanding of risk; whilst simultaneously providing specific training in elements of risk-related research. The MA supports students in developing a strong social science perspective on risk. This will be achieved through an interdisciplinary framework for understanding risk from a variety of perspectives. Students will learn theoretical and practical approaches to identifying and framing risk, as well as the underlying physical and social mechanisms that generate it. They will also examine the relationship of risk to knowledge and policy, and will be made aware of the array of advanced tools and techniques to assess the physical and social dimensions of risk under conditions of uncertainty. They will also be trained in the substance and methods associated with a range of science, social science and policy areas, and be expected to demonstrate that they can combine their general training in risk with their specific understanding of the substance and method associated with the chosen area, through either a research-based or a vocational dissertation.
All students will undertake a suite of core modules (150 credits) which provide students with a range of skills and knowledge which result in a unique focus in risk combined with training in interdisciplinary research methods. These modules are: Understanding Risk, Using Geographical Skills and Techniques, Risk Frontiers, Social Dimensions of Risk and Resilience, and the Dissertation.
Students then also select a suite of elective modules (another 30 credits). Students can choose to receive specialised scientific training in:
Electives can be selected from: Strategic Asia, European Security, International Relations in the Middle East, Social Policy and Society and Risk, Science and Communication.
The Risk Masters (both in its MA and MSc forms) is taught jointly between Durham University’s Geography Department, the School of Government & International Affairs, and the School of Applied Social Sciences. The programme’s interdisciplinary approach encourages students to combine science and social science perspectives. Students have a broad range of modules to choose from, and in this way develop an individualized set of professional skills that, depending on the student’s preferences, speak more to either the natural sciences (e.g. via scientific modelling, GIS or science and communication) or the social sciences (e.g. via social science research methodologies and engagements with social policy and international relations). The programme is delivered in close collaboration with Durham University’s Institute of Hazard, Risk and Resilience (IHRR), and through IHRR’s activities students get permanent exposure to both practitioner and academic perspectives at the forefront of risk thinking and practice.
Despite the phenomenal technological progress of the 20th century, most people still live with the acute and chronic consequences of age-old hazards such as floods and earthquakes. This MSc is aimed at students interested in engaging with the natural and social dimensions of environmental hazards, including disasters and climate related risk. Students receive specialised scientific training in the physical hazards that pose large risks to communities living throughout the world, from climate change and meteorological risks to flooding, earthquakes and landslides. Students on this programme will receive theoretical and practical training for understanding and quantifying risks and hazards. They will learn about how hazards persist over long periods of time instead of merely as single events, but are composed of many smaller sub-events or how their effects are widespread.
Students take the following core modules, and a selection of elective modules, which, when combined, add up to 180 credits:
Core Modules:
Elective Modules available in previous years include:
Understanding and managing risk is ultimately about choice. All elements of society, from individuals to governments, must make decisions – conscious or not – about the ways in which they perceive, interpret, balance, and mitigate risk. Risk permeates our day-to-day lives in ways that are now recognised to be much more complex than the hazard-vulnerability paradigm, which dominated risk research until the 1990s, recognised. A deeper understanding of the nature of risk, its emergence, and its interface and position within societies, has emphasised the need to take a much more complex view in which a general understanding of the ways in which risk is generated, experienced and managed needs to be combined with a specific understanding of particular science or policy areas.
The primary aim of this Masters programme is to equip students with a general understanding of risk, whilst simultaneously providing specific training in elements of risk-related research. The MSc supports students in developing a strong social science perspective on risk. This will be achieved through an interdisciplinary framework for understanding risk from a variety of perspectives. Students will learn theoretical and practical approaches to identifying and framing risk, as well as the underlying physical and social mechanisms that generate it. They will also examine the relationship of risk to knowledge and policy, and will be made aware of the array of advanced tools and techniques to assess the physical and social dimensions of risk under conditions of uncertainty. They will also be trained in the substance and methods associated with a range of science and policy areas, and be expected to demonstrate that they can combine their general training in risk with their specific understanding of the substance and method associated with the chosen area, through either a research-based or a vocational dissertation.
All students will undertake a suite of core modules (120 credits) which provide students with a range of skills and knowledge which result in a unique focus in risk combined with training in interdisciplinary research methods. These modules are Understanding Risk, Risk, Science and Communication, Risk Frontiers and the Dissertation.
Students then also select a suite of elective modules (another 60 credits). Students can choose to receive specialised scientific training in:
Electives can be selected from: Hydrological Hazards, Spatial Temporal Dimensions of Hazards, Social Dimensions of Risk and Resilience.
The Risk Masters (both in its MA and MSc forms) is taught jointly between Durham University’s Geography Department, the School of Government & International Affairs, and the School of Applied Social Sciences. The programme’s interdisciplinary approach encourages students to combine science and social science perspectives. Students have a broad range of modules to choose from, and in this way develop an individualized set of professional skills that, depending on the student’s preferences, speak more to either the natural sciences (e.g. via scientific modelling, GIS or science and communication) or the social sciences (e.g. via social science research methodologies and engagements with social policy and international relations). The programme is delivered in close collaboration with Durham University’s Institute of Hazard, Risk and Resilience (IHRR), and through IHRR’s activities students get permanent exposure to both practitioner and academic perspectives at the forefront of risk thinking and practice.
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.
Research Methods
This module develops advanced skills related to a range of research methods needed for academic and practical research at masters level.
Dissertation
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.
This course provides a thorough theoretical and practical grounding in the key aspects of investment and risk finance, delivered in an intensive learning environment. You will learn how to apply the knowledge and theory you have gained in class to real-world problems facing the international financial services industry and the corporate financial management community. This practical application of investment and risk principles is one of the main strengths of this programme.
The learning and skills development is integrated with resources available in our Financial Markets Suite (FMS), a state-of-the-art virtual trading room environment. The FMS is interfaced with the Bloomberg system, a leading source of economics and capital markets information available to the global professional financial community. Provision of this Bloomberg resource, along with the academic and professional career development opportunities are the main reasons why our students prefer to select this programme.
The Chartered Institute for Securities and Investment (CISI) – a financial services professional body, has recognised Westminster Business School as a Centre of Excellence based on the taught elements of this course. All students enrolled on the course are eligible for the student membership of the institute. Some of the benefits include free attendance at CPD events, accessibility to industry news and online resources. Students on the course are also eligible to sit the CISI L3 derivatives examinations.
The course has been in existence since 1999 and has continued to evolve to meet the changing educational needs of the investment and risk finance professional. It's delivered by qualified academics and professionals who have worked many years in the industry and are actively engaged in research and consultancy.
The course consists of core modules which help you acquire the ability to perform quantitative investment and risk analyses on a variety of financial instruments and structured products. You'll also learn how to use capital market products in both investment and risk finance applications. As a result you will develop good transferable skills and solve financial problems in a group setting.
The research and project modules are designed to develop your research abilities and create opportunities to explore finance subject areas of your own interest in more depth. This will enable you to apply the analytical and technical management skills you will encounter to real-life situations.
A highlight for many students are the social events organised throughout the course which provide an opportunity for networking with fellow students and alumni. Students on this course also benefit from free access to part of the material on the course reading list.
The following modules are indicative of what you will study on this course.
Core modules
Choose two or three of the following:
Core elective modules
If you take two core elective modules, you then need to choose one option module.
Option modules
You may also take another module from the postgraduate portfolio, at the course leader’s discretion.
Chartered Institute for Securities & Investment, CISI
All students on our full-time Business Masters courses can apply to undertake the PG/MBA Internship Programme, which forms part of the Reflective Practitioner Module.
The internship allows you to test drive a career and explore one of your career interests before you complete your Postgraduate studies!
Completing an 8-12 week accredited internship helps students gain invaluable work experience. This fantastic work experience can be taken in addition to option modules. Students are responsible for finding their own internship with the support of the Business Experience Team.
To express an interest in the module, students must submit a completed application form and a copy of their updated CV. This will give students membership a dedicated website that offers exclusive access to internship vacancies, one to-one CV guidance appointments, mock interviews, employability workshops and much more.
Students can apply to London-based organisations and have the flexibility to take their internship in the summer period or alongside their studies.
Every year we receive very positive feedback from both postgraduate students and employers and expect that the internship programme will continue to remain popular amongst our students.
Find out about postgraduate internships
This course is designed to prepare you for a variety of roles. Career choices include security and financial analysis, trading and fund management, capital market sales and administration. The skills you will acquire through the teaching and learning experiences combined with a post-graduate qualification in this area of finance will allow you to expand your career in a dynamic and rapidly evolving global industry. Our graduates go on to develop careers in treasury and front office positions in investment banks and securities companies. They occupy management positions as financial analysts, finance and sales administrators or similar jobs in the global financial services sector and the corporate finance world.
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).
Core modules
Optional modules
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.
Dissertation/report
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.
Placement
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
Employability
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.
Risk and disaster reduction, particularly within the contexts of dealing with uncertainty and increasing resilience, are high on local, national and international agendas. The Risk and Disaster Reduction MRes is a research-intensive programme, which aims to meet the rapidly growing need for experts trained to analyse and provide solutions to complex issues relating to risk and disasters.
Students will learn about and explore the characterisation, quantification, management and reduction of risk and disasters, and their associated impacts, from a diverse range of scientific, technical, socio-economic, political, environmental, ethical and cultural perspectives. They will acquire advanced levels of knowledge of empirical, theoretical and practical aspects of risk and disaster reduction, and will gain research experience and the ability to effectively communicate research findings through the independent research project.
Students undertake modules to the value of 180 credits.
The programme consists of two skills modules (30 credits), three optional modules (45 credits) and an independent research project (105 credits).
A Postgraduate Certificate (60 credits) is offered. See separate entry for further details.
Skills modules
Optional modules
Students choose three of the following modules:
Dissertation/report
All students undertake a substantial research project of 15,000 to 20,000 words, which culminates in an independent research report and oral presentation.
Teaching and learning
The programme is delivered through a combination of lectures, directed reading, practical problem-solving exercises and a real-time disaster scenario event, with an emphasis on hands-on learning and tutorial-style dialogue between students and lecturers. Assessment is through coursework, examination, essays, project reports, oral and poster presentations, and the research dissertation.
There are a number of UK-based day field trips as part of the programme. These look at the multiple facets of disaster risk including the physical hazard, vulnerability of structures and communities, and mitigation measures and management.
There is also an NGO-led disaster scenario exercise.
Students are responsible for their subsistence and travel costs within London when on fieldwork. All other travel and fees will be paid for or reimbursed by the IRDR
Further information on modules and degree structure is available on the department website: Risk and Disaster Reduction MRes
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 provides excellent training towards careers in research, research communication, public policy, (re)insurance, catastrophe modelling, finance, risk management, international development, humanitarian assistance, engineering, and many other fields. It supports the career development of professionals already working in risk and disaster reduction, as well as those who intend to go into this field, and those who wish to use this programme as a step towards a related PhD.
Recent career destinations for this degree
Employability
Examples of previous graduate students' employment within the field of risk and disaster reduction include working for an international economic consultancy based in London in the area of micro-finance, working as a consultant in disaster risk for a key player in the London insurance market and working for Rescue Global, an NGO based in London.
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 UCL Institute for Risk and Disaster Reduction (IRDR) leads and co-ordinates multidisciplinary research, knowledge exchange and advanced teaching in risk and disaster reduction across UCL. A Risk and Disaster Reduction PG Cert is also available (see separate entry).
UCL is uniquely well placed to lead research and teaching in this field; in addition to academics across eleven faculties involved in world-class research, UCL IRDR has established links with NGOs, industry and government departments based in and around London, who contribute to teaching and project supervision.
As a student, you will be encouraged to join our active seminar series, high-profile public discussion meetings and networking events.
The IRDR careers and opportunities forum for students has been attended by insurance companies, catastrophe modelling firms, NGOs, academic institutions, local government and head hunters in the field of risk and disaster reduction. Students have found opportunities through contacts made and positions advertised during this event.
The MSc programme has been developed by practitioners for practitioners, and is available via face-to-face, distance learning and blended learning. It is intended for anyone working in process safety, technical safety, safety engineering or nuclear safety within major hazard industries, such as oil and gas, petrochemical, chemical, nuclear, transportation and mining.
Our MSc in Risk and Safety Management (IChemE Process Safety Pathway) is approved by IChemE as meeting the knowledge and understanding requirements for IChemE's Professional Process Safety Engineer qualification.
For students wishing to follow the IChemE Pathway, the PgDip modules must include Physical Effects Modelling, and Incident Investigation Analysis.
Risktec delivers 4 types of postgraduate academic awards via distance learning, in partnership with Liverpool John Moores University (LJMU):
• Masters Degree (MSc) in Risk & Safety Management
• Postgraduate Diploma (PgDip) in Risk & Safety Management
• Postgraduate Certificate (PgCert) in Risk & Safety Management
• Certificate of Professional Development (CPD) for single subject modules
Our next Masters programme in Risk and Safety Management starts on 1st October 2018 and consists of the following 12 modules, plus a 15,000 word dissertation:
• Principles of Risk Management
• Research Methods in Risk & Safety Management
• Hazard Identification
• Risk Analysis
• Health, Safety & Environmental (HSE) Management Systems
• Risk Reduction & ALARP
• Culture, Behaviour and Competency
• Bowtie Risk Management
• Physical Effects Modelling or HAZOP Study
• Emergency Response & Crisis Management
• Human Factors in Design & Operations
• Incident Investigation & Analysis or Safety/HSE Cases
Each module takes 8 weeks to complete and is delivered online by highly experienced, practising risk and safety management consultants working in the safety-critical, major hazard industries.
Students may enrol on shorter programmes (PgCert or PgDip) and then upgrade to the Masters.
Certain individual modules may also be studied, leading to CPD awards.
- Risktec is respected as a leading risk and safety management consulting and education company, with some of the world’s most impressive companies as clients.
- Gaining a formal postgraduate qualification from a recognised institution helps improve your career prospects and could also increase your remuneration.
- A postgraduate qualification helps an inexperienced graduate to prove to a prospective employer their commitment to the field of risk and safety.
- A postgraduate qualification can be a ‘fast-track’ into the growing risk and safety market for people working in related fields.
- An experienced person already working as a risk and safety practitioner will gain a broader and deeper knowledge of the subject, while also achieving formal recognition of their hard earned experience.
- Participants can study at a time that best suits them, working at their own pace and from home.
- Participants gain access to Risktec’s experienced consultant-teachers, as well as the opportunity to network and interact with other students during group tasks.
- Distance learning avoids the costs of travel and accommodation associated with classroom learning.
Distance learning is delivered via our online learning environment, ‘Risktec Online’. The modules’ materials comprise slides and explanatory notes, plus references to further reading and useful websites. Students engage in online activities including tests, discussions and group tasks. This approach encourages participation and interaction amongst students.
Support from the module teacher is available throughout the programme. Our distance learning programmes are 100% online, therefore students can study and submit assessments from anywhere in the world.
For more details please contact [email protected] or visit http://www.risktec.tuv.com/training-and-education/scheduled-courses.aspx
Risk and disaster reduction, particularly within the contexts of dealing with uncertainty and increasing resilience, are high on local, national and international agendas. Academic study can underpin much needed professionalisation and application of evidence and research-based theory to this area. This MSc programme aims to meet the growing need for experts trained to analyse and provide solutions to complex risk and disaster resilience issues.
Students will learn about and explore the characterisation, quantification, management and reduction of risk, disasters, and their associated impacts, from a broad range of scientific, technical, socio-economic, political, environmental, ethical and cultural perspectives. Through this multidisciplinary approach, students gain expertise in analysing complex challenges, enabling them to become future leaders who drive policy change and innovation.
Students undertake modules to the value of 180 credits.
The programme consists of six core modules (90 credits), two optional modules (to the combined value of 30 credits) and an independent research project (60 credits).
A Postgraduate Diploma (120 credits, six core modules and two optional modules, but no independent project), full-time nine months, part-time two years, is also offered.
Core modules
All 6 core modules must be taken.
Optional modules
Choose two options (to the combined value of 30 credits) from a list which may include the following:
Dissertation/report
All students undertake an independent research project of 10,000-12,000 words which culminates in a research project and poster presentation.
Teaching and learning
The programme is delivered through a combination of lectures, directed reading and practical problem-solving exercises and a real-time disaster scenario event, with an emphasis on hands-on learning and tutorial-style dialogue between students and lecturers. Assessment is by independent and group oral presentations, written examination, coursework essays, and the independent project. Practical applications of critical and creative problem-solving will be encouraged and assessed throughout.
Fieldwork
A series of one-day UK-based field trips are available.
Further information on modules and degree structure is available on the department website: Risk, Disaster and Resilience MSc
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 provides excellent training towards careers in fields including research, public policy, business continuity, (re)insurance, catastrophe modelling, finance, risk management, international development, emergency services, consultancy, and humanitarian assistance. The IRDR runs a careers and opportunities fair for students, which is attended by insurance companies, catastrophe modelling firms, NGOs, academic institutions, policy and local government bodies, and head hunters in the field of risk and disaster reduction. Several students have found opportunities through contacts made and positions advertised during this event.
Recent career destinations for this degree
Employability
Whether you wish to start a new career in risk and disaster reduction or you already have experience in this sector, we are here to support you. With an MSc in Risk, Disaster and Resilience, you will have excellent academic credibility coupled with practical and analytical skills.
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 UCL Institute for Risk and Disaster Reduction (IRDR), where teaching for this programme is based, leads and co-ordinates multidisciplinary research, knowledge exchange and advanced teaching in risk and disaster reduction across UCL.
UCL is uniquely well placed to lead research and teaching in this field; in addition to at least 70 academics across 12 departments and seven faculties involved in world-class research, the IRDR has established links with non-governmental organisations, industry and government departments based in and around London.
Teaching and project supervision will be provided by active researchers, practitioners and policy-makers, all of whom are leaders in their respective fields.
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.
View the programme specification document for this course.
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 importance of science in understanding disaster risks and the need for science-based strategies at local, national and international levels in the private, public, and third sectors are now widely recognised. The Risk and Disaster Science MSc aims to meet the growing need for experts trained in disaster science in sectors ranging from finance to humanitarian response.
In a science-led programme, students will explore the characterisation of risk from a fundamental understanding of hazard, statistical modelling, appreciation of causes of vulnerability, and quantifying exposure to the management and reduction of disaster risks. There is an emphasis on scientific analysis and statistical methods. Students will enjoy a wide range of taught modules covering scientific, technical, socio-economic, political, environmental, ethical and cultural perspectives.
Students undertake modules to the value of 180 credits.
The programme consists of six core modules (90 credits), optional modules (to the combined value of 30 credits) and an independent research project (60 credits).
A Postgraduate Diploma (120 credits, six core modules and two optional modules), full-time nine months, part-time two years, is also offered.
Core modules
Optional modules
Choose options (to the combined value of 30 credits) from a list which may include the following:
Dissertation/report
All students undertake an independent research project of 10,000-12,000 words which culminates in a research project and poster presentation.
Teaching and learning
The programme is delivered through a combination of lectures, practicals, field visits, directed reading and problem-solving exercises and a real-time disaster scenario event, with an emphasis on hands-on learning and tutorial-style dialogue between students and lecturers. Assessment is by independent and group oral presentations, written examination, coursework essays, and the independent project. Practical applications of critical and creative problem-solving will be encouraged and assessed throughout.
Fieldwork
Students are responsible for their subsistence and travel costs within London when on fieldwork. All other travel and fees will be paid for or reimbursed by the IRDR
Further information on modules and degree structure is available on the department website: Risk and Disaster Science MSc
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 provides excellent training towards careers in industry and commerce, research, research communication and public policy including insurance, catastrophe modelling, finance, risk management, business continuity, humanitarian assistance, engineering, electricity distribution and many other fields. It supports the career development of professionals already working in risk and disaster reduction, as well as those who intend to go into this field.
Employability
This programme will equip students with scientific and analytical skills to better understand and assess disaster risks and to identify solutions to reduce those risks. These skills are highly sought after in the private, public and NGO sector, and in specific fields such as catastrophe modelling, risk management, and public policy.
Career destinations of IRDR graduates include: an international economic consultancy in the field of micro-finance; a consultancy role in disaster risk for an insurance company; the World Food Programme; Rescue Global – a London based NGO; and a PhD studentship.
The UCL Institute for Risk and Disaster Reduction (IRDR), where teaching for this programme is based, leads and co-ordinates multidisciplinary research, knowledge exchange and advanced teaching in risk and disaster reduction across UCL.
UCL is uniquely well placed to lead research and teaching in this field; in addition to academics across seven faculties involved in world-class research, UCL IRDR has established links with scientific leaders in NGOs, industry and government departments based in and around London, who contribute to teaching and project supervision.
As a student, you will be encouraged to join our active seminar series, high-profile public discussion meetings and networking events.
The IRDR runs a careers and opportunities forum for students; this has been attended by insurance companies, catastrophe modelling firms, NGOs, academic institutions, and headhunters in the field of risk and disaster reduction.
The PgDip programme has been developed by practitioners for practitioners, and is available via face-to-face, distance learning and blended learning. It is intended for anyone working in process safety, technical safety, safety engineering or nuclear safety within major hazard industries, such as oil and gas, petrochemical, chemical, nuclear, transportation and mining.
The PgDip is part of our MSc in Risk and Safety Management (IChemE Process Safety Pathway), which is approved by IChemE as meeting the knowledge and understanding requirements for IChemE's Professional Process Safety Engineer qualification.
For students wishing to follow the IChemE Pathway, the PgDip modules must include Physical Effects Modelling and Incident Investigation Analysis.
Risktec delivers 4 types of postgraduate academic awards via distance learning, in partnership with Liverpool John Moores University (LJMU):
• Masters Degree (MSc) in Risk & Safety Management
• Postgraduate Diploma (PgDip) in Risk & Safety Management
• Postgraduate Certificate (PgCert) in Risk & Safety Management
• Certificate of Professional Development (CPD) for single subject modules
Our next Postgraduate Diploma programme in Risk and Safety Management starts on 1st October 2018 and consists of the following 12 modules:
• Principles of Risk Management
• Research Methods in Risk & Safety Management
• Hazard Identification
• Risk Analysis
• Health, Safety & Environmental (HSE) Management Systems
• Risk Reduction & ALARP
• Culture, Behaviour and Competency
• Bowtie Risk Management
• Physical Effects Modelling or HAZOP Study
• Emergency Response & Crisis Management
• Human Factors in Design & Operations
• Incident Investigation & Analysis or Safety/HSE Cases
Each module takes 8 weeks to complete and is delivered on-line by highly experienced, practising risk and safety management consultants working in the safety-critical, major hazard industries.
Students may enrol on the one year programmes leading to a PgCert, the two year programme leading to a PgDip or the three year programme leading to an MSc or certain individual modules may also be studied leading to the award of a CPD.
- Risktec is respected as a leading risk and safety management consulting and education company, with some of the world’s most impressive companies as clients.
- Gaining a formal postgraduate qualification from a recognised institution helps improve your career prospects and could also increase your remuneration.
- A postgraduate qualification helps an inexperienced graduate to prove to a prospective employer their commitment to the field of risk and safety.
- A postgraduate qualification can be a ‘fast-track’ into the growing risk and safety market for people working in related fields.
- An experienced person already working as a risk and safety practitioner will gain a broader and deeper knowledge of the subject, while also achieving formal recognition of their hard earned experience.
- Participants can study at a time that best suits them, working at their own pace and from home.
- Participants gain access to Risktec’s experienced consultant-teachers, as well as the opportunity to network and interact with other students during group tasks.
- Distance learning avoids the costs of travel and accommodation associated with classroom learning.
Distance learning is delivered via our online learning environment, ‘Risktec Online’. The module material comprises slides and explanatory notes, plus references to further reading and useful websites. Students engage in online activities including tests, discussions and group tasks. This approach encourages participation and interaction amongst students.
Support from the module teacher is available throughout the programme. Our distance learning programmes are 100% online, therefore students can study and submit assessments from anywhere in the world.
For more details please contact [email protected] or visit http://www.risktec.co.uk/training-and-education/scheduled-courses.aspx
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