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.
Choose options (to the combined value of 30 credits) from a list which may include the following:
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.
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.
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.
This program is designed to develop informed professionals who will be able to identify, measure and manage the risks latent in investments, business decisions or financial transactions.
The significant social costs paid by societies due to the recent financial crisis, highlight the importance of effective risk management.
Being a University Partner of PRMIA (Professional Risk Managers' International Association), our program will help you join the ranks of the globally growing profession of risk management and pursue a career dealing with some of the hottest challenges in business today:
Key features of the program
The MSc in Risk Management is Designed for:
International Recognition: Being accredited by the New England Association of Schools and Colleges (NEASC) and PRMIA University Partner, the program offers international and professional reputation and acceptance.
Hands-on: The specialization courses are tied to professional practice and aim to address pragmatic challenges faced by risk managers.
Integrated: The modular structure of the curriculum ensures that the program is well balanced around three themes: competency in analytical skills, knowledge of financial theory and ability to measure and control risk.
Aware: Studying risk dynamics allows for a deeper understanding of the contagion mechanisms that created the global financial crisis with significant impact on societies.
Innovative: The program offers the opportunity to master topics that differentiate from standard finance curricula, such as the challenges faced by financial institutions, the role of regulation in promoting financial stability and the application of quantitative processes that focus on tail risks.
In the course of our day-to-day life, we come into contact with a vast number of chemical, biological, and physical agents that could do us harm. These agents are present in the air we breathe, the water we drink, and even the food we eat. We encounter them when we travel and when we work or when we use consumer goods such as cosmetics or electrical equipment.
Determining the source of these risks, and quantifying their effects, requires cooperation by experts across a host of different disciplines. Our Master’s programme in Toxicology and Environmental Health has been designed with this in mind, training you in the fundamentals of toxicology, environmental epidemiology, emerging toxicological agents such as nanoparticles and zoonotic components, and exposure assessment. This programme will enable you to assess the risks present in the workplace or the food chain.
The multidisciplinary nature of this programme means that you will have the flexibility to specialise in a particular field or undertake more generalist training in risk assessment. You may also take part in experimental research in the fields of neurotoxicology, immunotoxicology, allergies, in vitro toxicology, endocrine toxicology, environmental toxicology, and chemistry. Alternatively, you may wish to undertake practical work in environmental or occupational exposure assessment engaging in activities such as exposure modelling or in-depth analysis of samples taken from a variety of sources.
As a graduate of this programme, you will be qualified to assess the impact of toxicological agents on populations or work environments by applying the principles of environmental and occupational epidemiology.
This MSc programme will give you the knowledge and skills needed to assess chemical, biological, and physical hazards, as well as the risks associated with exposure to toxicological agents.
After completing the MSc programme in Toxicology and Environmental Health, you will:
Banking and financial services represents a highly competitive and rapidly changing sector in every modern economy. Changes in customer requirements, technology, competitive conditions and regulation create the need for managers, traders and analysts to make rapid and often far-reaching decisions about their short term operations and long term strategies. The MSc and MA in Banking and Finance degree courses at Bangor offer you a unique opportunity to study advanced theory and practice relating to financial services, and to develop an appreciation of the causes and significance of current developments in this vitally important and dynamic sector of the economy.
Issues you will tackle as part of your MA/MSc Banking and Finance degree programme include:
Why are the banking systems in different countries (such as the UK, Germany, Japan and the US) so diverse?
What determines the structure, performance and efficiency of banking and financial markets?
Why do banks and financial intermediaries exist?
What are the main theories of the banking firm?
How relevant are financial intermediaries in a world of increasing securitization and with the evolution of virtual banking?
How do banks optimally allocate capital?
Does bank regulation increase or decrease risks?
How do we measure the risks undertaken by banks?
Can regulators reduce the likelihood of systemic (system-wide) risk?
What are the relationships between risk and return governing investment in company shares and other derivative instruments?
Can market risk be priced accurately? Can credit risk be priced accurately?
How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?
How can we assess the investment performance of pension funds, insurance companies and unit trusts?
How do banks use futures, options, derivatives and swaps to manage their balance sheet and off-balance sheet risks?
What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?
How do banks manage their business so as to maintain customer relationships, improve operational efficiency and add shareholder value?
With these needs in mind, the MSc and MA Banking and Finance programmes at Bangor are designed to develop participants' existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training, so that they are familiar with the latest theoretical and practical developments relating to banking, finance and capital markets. These programmes provide a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of financial techniques in a real-world setting.
The availability of parallel MSc and MA degrees in Banking and Finance allows you to choose between registering for a more technical MSc degree (including a compulsory element in Financial Econometrics), and a less technical MA degree (for which Financial Econometrics is optional). The MSc degree may be more suitable for applicants with some previous background in mathematics, statistics or econometrics, while the MA degree is more suitable for applicants who prefer to adopt a predominantly non-quantitative approach to their studies. However, both degrees include a compulsory module in Research Methods, which includes coverage of both quantitative and non-quantitative research techniques.
The MA Banking and Finance is recognised by the Economic and Social Research Council (ESRC) as the first year of a 1+3 PhD training programme.
January intake: Taught modules are undertaken in the period of January to June and September to January and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
September intake: Taught modules are undertaken in the period of September to June and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
Research Methods: This module develops knowledge of intermediate and advanced research methods, and provides a basis in research methodology for those who may eventually wish to pursue research degrees.
Bank Financial Management: This module provides a grounding in the nature, strategic context and managerial functions of financial management in banks, and other financial services firms.
International Financial Markets: This module provides an overview of financial instruments in a multi-currency world, taking account of insights from portfolio theory concerning the relationship between risk and return, the diversification of risk, and the pricing of assets.
International Banking: This module examines the origins of international banking, the activities of international banks, the markets in which they participate, and the sources of risk.
Financial Crises and Bank Regulation: This module examines why banks and financial markets are inherently vulnerable to crises, and analyses the role of policy makers and institutions. The roles of monetary policy, bank supervision and regulation, corporate governance and ratings agencies in mitigating or exacerbating crises are considered.
International Financial Management: In this module the financial management of multinational companies and the influence of macroeconomic, fiscal, currency and political environments on business and financial decision-making are examined in an international and global context.
Islamic Finance: This course provides an insight into topical issues relating to Islamic financial instruments and related risk management issues.
Corporate Risk Management: This module provides an analysis of pure risk and its management.
Financial Institutions Strategic Management: This module examines the main theoretical and practical issues concerning banking business. You will develop a critical awareness of the theory of the banking firm, the motives for international banking, and regulatory and structural issues impacting on bank behaviour.
Financial Analysis: This module analyses the techniques that are used to evaluate a company’s financial position and performance.
Investment Strategy and Portfolio Management: This module evaluates the development of investment strategies for bonds, equities and derivatives that are designed to achieve optimal risk-return outcomes, and examines the measurement and evaluation of the performance of a portfolio of investments.
Islamic Banking: This module provides an insight into the key features of Islamic banking business.
In today’s interconnected world, businesses and organisations are facing significant environmental, societal and economic challenges. These can range from climate change, to economic recession and natural disasters, to higher levels of insecurity. Anticipating and managing the consequences of such real-world issues and events is increasingly relevant and important.
Businesses and organisations increasingly need to anticipate the likelihood and consequences of unexpected events and the necessary short and long term responses. This course looks at risks in the business and organisational environment, and considers the consequences when things go wrong.
The programme is structured around three core management themes:
Risk: You will study a wide range of risks in business, organisational and geographical environments. You'll get the opportunity to learn how to identify, assess and manage these risks.
Disaster: The disaster management element of the course will enable you to develop your ability to analyse the consequences when things go wrong, and will give you the opportunity to develop the practical skills for disaster prevention, preparedness, mitigation and management.
Environment: The course will enable you to understand how we interact with the natural environment and will explore how human activity can be managed to minimise negative environmental damage.
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:
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), the MSc Risk Management is available in both Glasgow and London.
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.
Assessment will be continuous through a combination of formative and summativeassessment. Assessment is by a varietyof means such as case studies, portfolios,essays and reports.
Accredited by the Chartered Insurance Institute (CII) and the Institute of Risk Management (IRM), this programme is designed to provide you with the skills to excel in a role as a risk manager, risk and insurance manager or risk analyst or clinical risk manager within a variety of organisations and sectors.
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.
Ever since the start of the oil and gas industry in the North Sea there safety has been a constant learning process within the industry to improve safety in all areas. It often informs other industries in terms of best practise knowledge which can provide useful learning to other industries.The knowledge gained in the North Sea has also been transferred to other sites globally to ensure risks are minimised when extracting energy. There are numerous risks associated with energy extraction such as the environment in which operators work in, failure in facilities and machinery, human factors which need process and safety factors designing in, and a very large ignition source. The energy industry can be one of the most hazardous industries to work in but due to the risks involved it can often provide a highly safe environment to work in due to the amount of measures in place to protect everything on site and that is where the discipline of Process Safety can ensure a very high level of safety in which to extract minerals.
If you want to become qualified in Process Safety Engineering and are from a Chemical Engineering background, or a Petroleum or Mechanical Engineering background but with good chemical/chemistry knowledge and you are interested in safety and process in this industry the programme will develop advanced skills in assessing risk, processes and analysis to continuously improve safety in the industry. The programme is offered in Aberdeen city in the heart of the oil and gas industry within Europe and often worldwide and it is informed by close links and support from the industry to ensure it is robust and relevant. Aberdeen has offered advanced knowledge and learning in this area since the inception of the oil and gas industry which cover the entire physical and business supply chain.
Find out more detail by visiting the programme web page
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Find out more about fees on the programme page
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