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This programme focuses on the risk management and the quantification of several types of risk such as financial, including market risk and some elements of liquidity and counterpart risk.

Why this programme

  • Financial Risk Management will provide you with a thorough understanding of
  • advanced econometric analysis
  • theories of risk, including bond market interest rate determination, market risk, liquidity risk and counterpart risk
  • the role and impact of financial regulations.
  • It will equip you with up to date risk management skills for the quantification of risk and the optimal asset allocation. These skills are essential for managing and hedging market, credit and interest rate risks.
  • You will have access to statistical packages, such as MATLAB and EViews, and a dedicated computer lab that will enable you to put theory into practice.

Adam Smith Business School is triple accredited

Programme structure

You will take four core and two optional courses and complete a substantial independent piece of work, normally in the form of a dissertation. Teaching is based on lectures which also allow opportunities for class discussion. Technical subjects are supported by weekly or fortnightly small tutorials which provide opportunities for you to engage with some issues or questions in a group format. Some courses also involve lab sessions using specialised software.

Core courses

  • Basic econometrics*
  • Economic fundamentals and financial markets 
  • Financial markets, securities and derivatives 
  • Financial risk analysis.

Sample optional may include

  • Advanced portfolio analysis (Portfolio analysis and investment is a co-requisite for this course)
  • Applied computational finance
  • C++ in Finance (Mathematical finance is a co-requisite for this course)
  • Corporate finance and investment
  • Corporate finance theory
  • Empirical asset pricing
  • Financial derivatives (Mathematical finance is a co-requisite for this course)
  • Financial market micro structure
  • Financial services 
  • Game theory with applications in economics and finance
  • Hedge fund risk management
  • International finance and money 
  • Mathematical finance
  • Modelling and forecasting financial markets
  • Portfolio analysis and investment.

*If you have a strong background in econometrics you can swap this course with Modelling and forecasting financial markets.

Programme alteration or discontinuation

The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Student contract.

Career prospects

As a graduate you will be qualified to work in risk management, asset management companies, hedge funds, wealth management banks and central banks. Graduates have found employment with companies such as Morgan Stanley, HSBC, KPMG, and the Royal Bank of Scotland. We have a dedicated careers and employability team who provide 1-2-1 support and advice, group workshops, employer events on campus and networking opportunities throughout the year to help you with your career prospects.

Visit the Financial Risk Management (MSc) page on the University of Glasgow website for more details!





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