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Quantitative Risk Management with Machine Learning (MSc)

Quantitative Risk Management with Machine Learning (MSc)

Different course options

Full time | Birkbeck, University of London | 1 year | SEP-22

Study mode

Full time

Duration

1 year

Start date

SEP-22

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Artificial Intelligence (Ai) Risk Management

Course type

Taught

Course Summary

In the wake of recent financial crises, major regulatory reforms have been imposed on the financial sector and this has led to a rise in demand for specialists in the field of financial risk management. The MSc in Quantitative Risk Management with Machine Learning has been designed to meet this demand. The programme will provide you with the knowledge and the quantitative skills that are needed for a career in financial risk management. You will gain in-depth knowledge of financial derivatives, portfolio management and the core areas of risk management, with particular emphasis on market risk and credit risk.

Upon successful completion of this course, you will have the expertise to identify and manage the major sources of risk in the financial markets. You will understand the role of financial derivative products, their use (and misuse) and how they are priced, and you will be able to analyse financial data and build risk models, detect trends in data, test a given hypothesis and forecast future values. You will also understand how to build an investment portfolio (of risky assets) and carefully monitor its performance over time.

Birkbeck's postgraduate finance courses are built around our long-running experience in research-led evening teaching. Many of our students work in the finance industry, which generates a lively atmosphere in class and ensures that you'll be studying alongside committed, enthusiastic students with a wealth of experience. You will be taught by active researchers, working at the cutting edge in their respective fields, who are also experienced professional practitioners, giving specialist advice and in-house training to government departments and banks and firms in the City of London. This course is challenging and demanding, so you should demonstrate strong intellectual ability in your application and be willing to work hard.

CAREERS AND EMPLOYABILITY

Graduates can pursue a career in banking and finance, the public sector, industry, and research and analysis. Possible professions include financial risk analyst, economist, or purchasing manager. This degree can also be useful in becoming a management consultant or actuary.

We offer a comprehensive Careers Service to help you advance your career, while our in-house, professional recruitment consultancy, Birkbeck Talent, works with London’s top employers to help you gain work experience that fits in with your evening studies.

Modules

This module provides an understanding of the different reasons for (and approaches to) measuring market risk. You will gain fundamental knowledge of the mathematical and statistical theory behind the subject and be able to apply this to solve real-world problems.

Tuition fees

UK fees
Course fees for UK students

For this course (per year)

£13,620

International fees
Course fees for EU and international students

For this course (per year)

£19,830

Entry requirements

A second-class honours degree (2:2) or above in a quantitative subject, such as mathematics, physics, statistics, economics or engineering.

University information

Based in the heart of London, Birkbeck has established a reputation for providing its postgraduate students with an engaging, exciting learning experience, and positive feedback from its community of professional alumni is testimony to the university’s continued success. With a history that dates back almost 200 years, Birkbeck, University of London offers a unique learning experience which delivers a competitive program of nearly 300...more

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