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.
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.
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 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.
Gain a thorough understanding of risk management and contemporary business security issues on this accredited masters degree. Its distinctive cross-sector approach to risk management will equip you for success whatever your chosen industry.
This masters degree is designed to meet growing demand across a range of industries for skilled business risk and corporate security management practitioners. As well as learning about key theories and techniques, you’ll develop your analytical skills and the essential management capabilities needed to implement risk and security management approaches effectively. Modules are delivered by world-leading academics and senior risk professionals, so you’ll learn about cutting-edge concepts and the latest sector issues. And the course is accredited by two leading professional bodies, enabling you to apply for credits towards professional qualifications when you graduate.
Business risk and security management have become integral to the running of organisations across a wide range of sectors. This course is designed to meet the demand for highly skilled risk and security management practitioners. Unlike many other UK masters courses in this field it covers risk management in its broadest sense, encompassing financial, strategic and operational risk. It also introduces students to contemporary issues in corporate security, and explores the links between risk and security in theoretical and practical contexts.
As well as developing your subject knowledge, the course will enhance your managerial capabilities. You’llgain skills that will be essential for the successful communication and implementation of risk and security approaches in a real-world environment.
We welcome applicants from a wide range of business-related and social science disciplines; there is no specific requirement for previous quantitative study. Our students include those who have recently completed their undergraduate degrees as well as those with some professional experience who are looking to sharpen their skills or change their career direction.
There is growing interest in almost every industry for improved risk management practice. Students graduating from this programme will be sought after by finance, insurance, business management and IT companies, consultancy service firms and government bodies. Many of our students have progressed to senior risk management roles within a few years of graduation.
The MSc in Business Risk and Security Management is accredited by the Chartered Insurance Institute and the Institute of Risk Management. This enables you to apply for credits towards these organisations’ professional diplomas.
In the aftermath of the 2007-2009 financial crisis, most organisations in finance, banking and insurance are undergoing major changes. These organisations are actively seeking postgraduates who are disciplined in these fields. Westminster Business School is one of just a handful of UK universities to offer a Master's degree in Finance, Banking and Insurance, leaving our graduates' skills sought after on the job market.
Studying the Finance, Banking and Insurance MSc will enable you to pursue a wide range of careers in the financial services industry and to study further for professional institute exams. This year-long full-time programme is designed for students who want to work in the areas of finance, financial services and banking, investment banking, retail banking, insurance, re-insurance and hedged funds as private client advisors and financial analysis both in the public and private sectors.
The course is designed to give you an essential understanding of the role and operations of the finance, banks and insurance companies. The course is delivered by highly qualified individuals with extensive research experience and strong industry links. During your studies, you will acquire essential knowledge and skills that will set the foundations for a successful career in the financial services sector, and you will gain access to our ever-growing alumni network which will support your career development following your graduation.
A highlight for many students are the field trips and social events organised throughout the course which provide an opportunity for networking with peers, alumni and industry professionals.
Students on this course benefit from free access to part of the material on the course reading list and an online subscription to Financial Times.
The following modules are indicative of what you will study on this course.
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.
The MSc Finance, Banking and Insurance degree is perfect for students who want options in their career in that it allows students to specialise in insurance, banking and general finance. This 1-year course is designed for students who want to work in jobs such as:
Students benefit from the fact that the course is practice-focused and is therefore focused on the skill-base needed in the industry. Successful and engaged students will have developed a systematic understanding of the finance, banking and insurance disciplines, using the most up-to- date material and exposure to the latest theory and research on these topics. The elective modules also give students to the ability to further specialise in their area of interest.
You are creative and confident, committed to success in whatever you do.
You know that international finance is dynamic, fast-moving, fast-changing. The MSc International Banking, Finance and Risk Management is designed for you.
Accredited by the Chartered Institute of Securities and Investment (CISI) and Institute of Operational Risk (IOR), the MSc International Banking, Finance and Risk Management programme will give you the skills you'll need to manage bank operations:
We collaborate with leading financial services organisations to keep our programme cutting-edge. We understand today's pressing issues in the international financial market - ensuring you will too.
Whatever role you choose to pursue, you'll be prepared to use your skills and insight for good. By protecting businesses and communities from unnecessary risk and making ethical, responsible decisions that promote the common good, you can make a positive impact wherever you go.
The world of international finance is vibrant and diverse - and so is our programme's teaching team. You'll learn from their broad range of experiences, ranging from academic pursuits to industry expertise, and professional practice in both the public and private sectors. The result is a programme that helps you see the world from a broader perspective.
Whether you choose to study at our Glasgow or our London campus, you can expect a curriculum that's career-focused. You'll benefit from guest lectures, master classes and live case studies.
Bank Operational Risk and Global Operations Management
Equips you with an understanding of operational risk and management by analysis of the main operations of banks such as settlement and clearance in both EU and emerging markets. You will also study conduct of business, client asset rules and custody.
This module aims to develop a critical awareness of the management of large commercial banks - both their operations and how this exposes them to risk. This will include a look at the theory behind retail banks, an overview of the sector, analysis of the balance sheet of banks and performance analysis using FRA, managing liquidity and liabilities, capital adequacy, investment banking and more.
Financial Services Regulation
Focuses on banking regulation and conduct of business regulation, as well as setting all of this material within the broader framework of international developments in financial regulation.
Financial Securities Analysis
This module will focus upon pricing and placement of financial instruments and how they are traded upon financial markets. You will also study debt, equity, and risk and return.
Ethics and Corporate Governance
This module explores the key issues of incorporate 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.
Develops advanced skills related to a range of research methods needed for academic and practical research at Masters level.
Personal and Professional Development
Enables you to identify, understand, develop and articulate your personal abilities in the context of your future career aspirations.
The final element of the programme is the dissertation, which provides you with an opportunity to design and undertake a piece of original research in a selective area of banking, finance and risk.
Assessment methods used vary across modules, these may include: class tests, written exam, coursework, essays, seminar participation, group presentations and individual reports.
Chartered Insurance Institute (CII)
As an accredited programme, graduates of our MSc International Banking Finance and Risk Management programme may accrue up to 60 non-specific credits at Advanced Diploma level in either the Insurance or Financial Services qualifications framework of the CII. Find out more
Institute of Operational Risk (IOR)
Through our accreditation from the Institute of Operational Risk, you have access to a widely recognised professional institute, best practices, knowledge sharing centre and events. Find out more about CII
Joining a globally networked community of alumni and supporters, graduates enter the workplace ideally positioned and prepared to lead in their workplaces and industries.
Graduates pursue opportunities in the fast-growing field of bank risk management, both within the UK and internationally. They find rewarding careers in financial services, investment banking, financial consulting and global operations.
The Master in Finance, Insurance and Risk Management aims at preparing students for high level careers in investment, private and commercial banking, securities design and trading, risk and asset management, risk management, asset allocation and actuarial sciences with the strong quantitative background in view of the challenges posed by solvency II.
Students are most welcome to join research departments of government agencies and central banks too, in insurance and consulting companies as well as in regulatory agencies. It is a truly international program entirely taught in English. Students receive a II level Master from the University of Torino as well as a Collegio diploma.
The placement record for previous graduates is excellent and includes a large variety of firms, banks, and organizations in the financial industry such as:
Abalone Asset Management - AIB Bank - Allianz Bank - AlmavivA - Amundi - Banca IMI - Banca d’Italia - Bancoposta Fondisgr - Bank of England - BIM - BIP - BNP Paribas - Banca Aletti - Banca Centrale Europea - Banca Leonardo- Banca Profilo - Cass Business School - Citigroup - Compagnia di San Paolo -Crédit Agricole - D&B Consulting - Deutsche Bank - Enel - ERSEL - Eurizon European Bank for Reconstructionand Development - EuroTLX - EY - Ferrero Spa Finance - Fiat Finance - Fideuram - Finanziaria Internazionale- Fitch Ratings - Generali Assicurazioni - Intesa Sanpaolo - JP Morgan Luxembourg - KPMG - Mediolanum -Macedonia Ministry of Finance - Money Farm - Monte dei Paschi di Siena - PricewaterhouseCoopers - Prometeia- Reale Mutua - Royal Bank of Scotland - Sella - State Street Bank - Symphonia sgr - UBI - UBM - UniCredit- Unipol SAI - VesselsValue.com
FEES AND SCHOLARSHIPS
Annual tuition fees for the Master program are € 15,000. They are comprehensive of course materials, use of the Collegio and University facilities, access to on-campus seminars, access to the Library and online databases of the Collegio and University. Tuition waivers are awarded to applicants according to the admission ranking.
Application deadline: July 26, 2018.
STRENGTHS OF THE PROGRAM
This MSc programme, which has been designed in conjunction with leading risk professionals, aims to meet the growing demand for professionals who are highly skilled in quantitative risk management. Students gain core competencies in risk analysis and have the opportunity to tailor the programme to their own interests and needs through the wide variety of options available.
Students will be educated to an advanced level in programming and computing and will gain mathematical, statistical and computational modelling skills. They will have a clear appreciation of different types of risk within the industry, and of the managerial and psychological issues related to risk control.
Students undertake modules to the value of 180 credits.
The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research dissertation (60 credits).
A Postgraduate Diploma will be offered to the students that have completed eight taught modules (120 UCL credits).
A Postgraduate Certificate will be offered to the students that have completed four taught modules (60 UCL credits).
Students choose 60 credits of optional modules from the following:
Please note: the availability and delivery of optional modules may vary, depending on your selection.
With permission, a student may substitute up to two optional modules with electives. A list of acceptable elective modules is available on the Departmental page.
Students undertake modelling, research and data analysis which takes place over the summer placement. This forms the basis of the 10,000-word dissertation.
Teaching and learning
The programme is delivered through a combination of lectures, seminars, tutorials and project work. Modules are assessed by written papers and/or coursework. The research project is assessed by a written report and (optional) oral examination.
Students undertake a summer work placement in an industry environment organised by the department.
Further information on modules and degree structure is available on the department website: Financial Risk Management MSc
Many students have gone on to careers in financial services in the City of London or in their home countries; a number of graduates have proceeded to PhD-level study.
Recent career destinations for this degree
Students acquire mathematical, statistical and computational skills which are highly sought after by the financial industry to assess, quantify, model, simulate and edge risk.
Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2013–2015 graduating cohorts six months after graduation.
The Bank of England (BoE), the Financial Conduct Authority (FCA) and the financial services industry place great emphasis on raising the level of quantitative analytics used in risk management and compliance. UCL, in collaboration with the BoE/FCA, aims to set a new benchmark in this area, based on training students to become risk professionals who are good scientists in the area of risk management.
UCL Computer Science is recognised as a world leader in teaching and research. Our Master's programmes have some of the highest employment rates and starting salaries, with graduates entering a wide variety of industries.
We take an experimental approach to our subject, enjoy the challenge and opportunity of entrepreneurial partnerships and place a high value on our extensive range of industrial collaborations.
The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.
The following REF score was awarded to the department: Computer Science
96% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)
Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.
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.