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).
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.
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.
You want to develop a successful career in insurance or risk management; or you already work in one of these fields and want to expand your knowledge and enhance your career potential. At Cass, you will study both applied and theoretical aspects of insurance and risk management to an advanced level.
Our MSc Insurance and Risk Management programme will equip you with the all-round knowledge and skills necessary to succeed in the constantly evolving fields of insurance, risk and risk management.
You will work through a balanced programme which combines a practical approach with sound theory to create a learning environment that is both challenging and stimulating. You will emerge with a well-regarded and flexible postgraduate degree, solidly positioned to build a successful career in an exciting an increasing complex business world –see ‘Career Pathways’ for testimonials from our past students.
There are three ways of taking our MSc Insurance and Risk Management programme.
In each case you will
To satisfy the requirements of the degree students must complete:
Assessment of Core courses on the MSc in Insurance & Risk Management is by means of coursework and unseen examination in most cases. Elective courses are generally assessed by coursework only. Coursework may consist of standard essays, individual or group presentations, group reports, classwork, unseen tests or problem sets. Group work may include an element of peer assessment.
We review all our courses regularly to keep them up-to-date on issues of both theory and practice.
Our MSc Insurance and Risk Management is a long-established course, and we are very proud of the career progression of our many hundreds of past graduates. They now work in a wide range of organisations around the world, including major global insurance and reinsurance companies, international insurance broking firms, investment and retail banks, leading accountancy firms and management consultants, risk management departments of major corporations, regulatory authorities and many other fields.
Some graduates have pursued further studies (such as PhD) after leaving Cass and embarked on academic careers, others have become successful entrepreneurs and built their own businesses.
The only UK masters degree in the field of cyber risk to combine aspects of business and information technology, MSc Cyber Security Risk Management will equip you with a blend of skills that are in demand in the sector.
Unlike other UK cyber security masters degrees, which have a computer science focus, this unique programme combines modules from a range of disciplines. It is therefore ideally placed to meet the demand for professionals with the necessary management skills, as well as the technical knowledge, to effectively manage cyber security risks. You’ll be taught by experts in risk management, cyber security and computer science.
In addition, you’ll benefit from the co-location of several specialist research centres at Southampton. These include the University’sAcademic Centre of Excellence for Cyber Security Research, which was set up to advance the UK government’s cyber security agenda, and the highly regarded Centre for Risk Research. You’ll graduate with an accredited degree, enabling you to apply for credits towards professional risk or insurance qualifications.
Cyber security is a global concern for companies and governments, but there is a recognised shortage of cyber security practitioners with the breadth of skills required to understand and manage the risk of cyber attacks. MSc Cyber Security Risk Management, the only UK cyber security programme to be offered within a business school rather than a computer science department, is designed to fill this gap.
Rather than focusing purely on the technical aspects of cyber security, MSc Cyber Security Risk Management offers a unique combination of modules encompassing business risk management, computer science and cyber security. You’ll gain a grounding in the essential technical aspects of the subject, but you’ll also develop the managerial and analytical skills needed to identify risks, communicate them within an organisation and put effective cyber risk management approaches into practice.
Southampton’s expertise in cyber risk research has been recognised with the award of an Academic Centre of Excellence for Cyber Security Research, funded by GCHQ and the Economic and Social Research Council as part of the UK government’s national cyber security strategy. Our academics are active partners in the Centre’s work and bring their research insights to the course. You’ll also benefit from expertise within the Business School’s Centre for Risk Research, the only specialist centre of its type in a Russell Group university.
We welcome applicants from a range of academic backgrounds. Many of our students bring some professional experience to their studies, while some join us straight from their undergraduate studies.
Every year, professional risk managers and industry leaders from companies visit us to discuss careers in the sector, helping you to plan your next steps. Past speakers have come from IBM, Goldman Sachs, PwC, Old Mutual, and the Chartered Insurance Institute.
There is significant demand for talented graduates with the ability to assess and effectively manage cyber-related risks as well as an understanding of related technical issues. Our students have gone on to work in a range of industries including finance, banking, accountancy, insurance, IT, risk management and business security, for companies such as:
The MSc in Cyber Security and Risk Management is accredited by the Chartered Insurance Institute and the Institute of Risk Management, which means you’ll be able to apply for credits towards professional qualifications.
Since the banking crisis, risk managers have been increasingly sought after. Large companies rely on them to advise on appropriate risk-taking, identify and assess threats, and decide how to avoid, reduce or transfer risks.
Our Finance and Risk Management MSc will develop your knowledge of risk management theory at a company, country and international level, investigating contemporary debates and controversies in risk management.
This course is part of our Finance MSc programme. All students complete the same core finance modules, then from the end of the first term you will be able to tailor the course to your individual strengths and career aspirations through option modules and the option to specialise in one of five areas.
The other specialisms offered are:
The course is composed of three phases:
All modules on the course involve both taught sessions and guided independent study. For a typical module, approximately 30% of the total hours comprise taught activity, 10% is guided study and supervision, and the remainder is independent study.
Option modules (choose one)
Completion of your final project (dissertation) takes place throughout the summer after teaching finishes. You submit your project in October and receive your MSc award in December.
In the final phase of the course, you will complete a dissertation relating to finance and risk.
The dissertation will be 10,000–15,000 words long. It will address an accounting problem that requires you to undertake research leading to practicable recommendations based on sound analysis and judgement. You will finalise the topic in consultation with the course leader and other specialists in financial risk research.
You will receive help from your dissertation supervisor, who will monitor and support your progress. The dissertation is submitted in October.
As part of your course you will have access to modern computing facilities and specialist computing packages, for students on the Market-making and Investment Strategies module this includes access to our real-time trading room, fed by up-to-the-minute data from Reuters.
One of a handful of such facilities across the UK, our trading room sessions are supervised by guest traders and provide you with the opportunity to apply your skills to real markets and real data, and make use of simulation software to recreate the pressure of a trading floor.
We also invite guest traders to discuss curriculum topics, pass on their trading experience and supervise trading sessions.
We highly recommend students join our thriving Student Investment and Trading Society, which is established and run by students for the purpose of organising social and networking events, arranging talks by visiting industry experts and facilitating annual trading competitions against other universities.
Experienced, professionally qualified lecturers and small class sizes will ensure your learning needs are supported. Online learning tools and libraries also ensure academic journals, e-books, business articles and other resources are available to you 24/7, both for use at the university and at home.
You will also have access to our Careers Service, including CV checking, mock interviews and advice on setting up your own business.
A postgraduate qualification from Brighton Business School will help you to specialise and stand out in today's highly competitive job market.
Finance and Risk Management MSc graduates are in demand among financial institutions, regulatory bodies, government agencies and risk management divisions in large non-financial companies.
According to Michael Page’s 2015 annual Banking & Financial Services Survey, employment is expected to grow across the sector, with 45% of respondents expecting an increase in their team’s headcount as levels of optimism have generally improved.
The course is also ideal preparation for continuing your studies at MPhil or PhD level, or working as a professional researcher in finance.
This highly practical and participatory course will provide you with the skills and knowledge you need for a career in legal governance. The two compulsory modules – Legal Risk Management, Governance and Compliance, and Corporate Governance – offer a solid grounding on which you can build with a range of optional modules to suit your own unique requirements.
The Legal Risk Management, Governance and Compliance module introduces you to the basic concepts of project management in the context of risk management. It provides an in-depth understanding of some of the core challenges faced by businesses in this area, as well as knowledge of the relevant regulatory frameworks. In the Corporate Governance module, topics such as corporate governance theories, law and practice are covered. You can then build on this foundation with two additional modules from the range of optional modules on offer, to fit your own needs and preferences. Alternatively, you can combine it with other complementary study routes, and graduate with a named joint pathway.
All of your modules are assessed through written coursework. A practical assessment also forms part of the Legal Risk Management, Governance and Compliance module, and your preparation and participation during the course of the module is also evaluated and rewarded.
In the fast-moving corporate world, skilled, knowledgeable legal practitioners are always in demand. The University of Hertfordshire is well known for its strong links with industry and its high-quality staff, all of whom are specialists in their fields. You can therefore be sure that the teaching is always up to date, relevant and supported by cutting-edge research and practice.
The complementary pathways that are available mean that you can shape your study route according to your personal career goals and ambitions, which will also further enhance your attractiveness to potential employers.
The innovative, flexible and practical teaching methods will enable you to develop the intellectual, transferable interpersonal and practical skills you will need for your career in the professional, commercial, business or academic sectors.
The focus of this course is on active, practical learning to develop the skills required for employment. Class seminars are supported by group work, which are fantastic opportunities to pool knowledge and resources and to work collectively on problem-solving and real-world scenarios. Role plays, debates and discussions will enhance your skills of negotiation, persuasion, presentation, leadership and teamwork. A peer support and mentoring scheme is also available, which will further enhance all these vital skills and abilities.
The two written assignments and practical assessment require deeper, independent study, to consolidate your learning and to broaden your knowledge of the subject.
Successful completion of the LLM Governance, Risk Management and Compliance will open up a wide range of career routes for you, in the commercial sector, as an in-house lawyer, or working within company secretariat or a legal risk department. The practical elements of this course, along with the learning and experience you will receive in both the compulsory and optional modules, will ensure that you are fully equipped to support the governance and risk management activities of the business. Alternatively, the door is open for an academic or a research career.
Demand is growing worldwide for experts who have the technical skills to measure and manage financial risk. This masters degree prepares you to meet these requirements, equipping you to respond to emerging developments in the global capital and money markets.
You’ll gain comprehensive knowledge of essential topics including the dynamics of financial markets, the causes and effects of financial risk and professional practices for measuring and managing portfolio risk. You can also choose optional modules allowing you to specialise in areas such as accounting, international banking and security investment analysis.
Learning from highly qualified teaching staff involved in world-class research in financial risk management, you’ll test your knowledge in genuine business scenarios during practical case study exercises and simulations. Thanks to our excellent links with industry and commerce, you’ll gain an understanding of the latest challenges in financial markets worldwide.
As a student you will be able to access the knowledge of our advanced specialist research units, which also have strong links with leading institutions in the US, Europe and Asia. These include the Centre for Advanced Study in Finance (CASIF), the Institute of Banking and Investment (IBI) and the Credit Management Research Centre (CMRC). This research makes an important contribution to your learning on the MSc Financial Risk Management; you will benefit from a curriculum that is informed by the latest knowledge and critical thinking.
You will also benefit from our strong relationships with the finance, credit and accounting professions. This provides a connection to the latest practitioner and policy developments, giving you a masters degree that is relevant to the contemporary environment.
The course builds your understanding of essential topics such as corporate finance and applies financial theory to practical problems. You’ll study financial modelling, risk and insurance, managing portfolio risk and derivatives. You’ll also undertake professional skills training throughout the year to help you develop the critical skills to apply your knowledge into the workplace.
Beyond these core areas of study, you’ll be able to specialise in areas that suit your career plans with your choice of optional modules. You’ll take at least one of Behavioural Finance or Discrete Time Finance, and can choose from topics such as forensic accounting and finance, international banking and finance or information and organisation design.
You’ll also develop your knowledge of research methods in finance and by the end of the year, you’ll be prepared to design and carry out your own research dissertation on a related topic of your choice, developing your ability to tackle the most pressing challenges currently facing the industry.
You’ll study eight compulsory modules including your dissertation.
You’ll also take two optional modules. One of these must be either Behavioural Finance or Discrete Time Finance.
We use a variety of teaching and learning methods to help you make the most of your studies. These will include lectures, seminars, workshops, online learning and tutorials. Independent study is also vital for this course allowing you to prepare for taught classes and sharpen your own research and critical skills.
In addition to the assessed modules and research dissertation, you benefit from professional training activities and employability workshops. For example, students have developed their knowledge of financial markets through a one-week trading simulation delivered in partnership with Amplify Trading. Read more about our professional skills activities for finance students.
Assessment methods emphasise not just knowledge, but essential skills development too. They include formal exams, group projects, reports, computer simulation exercises, essays and written assignments, group and individual presentations.
This diversity enables you to develop a broad range of skills as preparation for professional life.
Graduates of this course are equipped with the skills and knowledge to pursue a range of career options within finance, including risk management, credit risk analysis, derivatives, insurance and finance research.
Previous graduates have gone on to work for a variety of financial institutions, investment banks, regulators and standard setters, international insurers, asset managers, underwriters and investment funds.
This degree is also an excellent qualification for individuals seeking to pursue further postgraduate research.
We help you to achieve your career ambitions by providing professional development support and training as part of the Masters programme. You benefit from the support of a Professional Development Tutor, who will work with you to develop the important professional skills that employers value.
We’re committed to offering a wide range of development and training opportunities. Recent activities have included field trips to corporate headquarters, CV building and interview sessions, professional risk management workshops and commercial awareness networking events.
Read more about our careers and professional development support.
The University of Leeds Careers Centre also provides a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate.