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Master's in Financial Risk Management

Different course options

Full time | ICMA Centre (University of Reading) | 9 months | SEP

Study mode

Full time


9 months

Start date


Key information

Qualification type

MSc - Master of Science

Subject areas

Financial Management Risk Management

Course type


Course Summary

This Masters course is tailored to the needs of the rapidly evolving financial markets, providing you with an insight into new innovations in the area of risk management. 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.

Through our long-term academic partnerships and accreditations by leading professional bodies, the MSc Financial Risk Management offers a relevant learning experience, combining a practice focused approach and current market intelligence. You will also benefit from exemptions to professional certifications from leading professional bodies worldwide.

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. This course integrates applied academic knowledge to industry needs and provides you a competitive advantage. Integral to the academic course is the parallel study of the GARP FRM Part I certificate. Upon successful completion of this degree, you will be registered to take the FRM Part I examination.

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This module focuses on cash securities evaluation (fixed income, equity, and FX) and the use of these securities for investments (derivatives and portfolio theory). Part I of the module applies general valuation methods to specific financial instruments: fixed income, equity securities, and FX. It describes the characteristics of each security/market and develops practical strategies for finding its value and assessing its risk. Part II of the module provides an in-depth introduction to financial derivatives (futures and options) and their evaluation. Part III of the module analyses the main framework behind portfolio theory and optimum asset allocation, followed by the introduction of the main pricing models, their applications and limitation. Equity and FX trading simulations sessions (INVEST sessions) are paired with the modules. Exercises based on Eikon, and Bloomberg data will be used.

Tuition fees

UK fees
Course fees for UK students

For this course (overall cost)


International fees
Course fees for EU and international students

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Entry requirements

Students need to have a undergraduate Degree minimum 2:1 or the equivalent from an overseas institution and Degree Discipline – Any degree discipline, but must have a satisfactory level of numeracy