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MSc Financial Engineering and Risk Management

MSc Financial Engineering and Risk Management

Different course options

Full time | Colchester Campus | 1 year | 06-OCT-22

Study mode

Full time

Duration

1 year

Start date

06-OCT-22

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Financial Modelling Risk Management

Course type

Taught

Course Summary

Is it possible to prevent another financial crisis? In a post-Covid-19 world the global finance sector requires financial engineers and risk managers to work alongside its traders to develop robust security measures to maximise financial stability.

MSc Financial Engineering and Risk Management aims to develop finance sector workers who can evaluate risk, act rationally and understand the economic impact of their actions in order to find solutions. While the trader is trying to make money, the risk manager is trying not to lose it and the financial engineer is building the tools to reduce associated risks.

If you feel comfortable in pressurised environments and can rise to the challenge of making ethical and robust financial decisions, this could be the finance specialism for you.

This course will enable you to follow advanced, contemporary study in financial engineering and risk management and develop a deeper understanding of the risks within modern financial securities. You will also become skilled in the design of powerful management systems to measure risk. Upon graduation, you should possess the skills and knowledge for a successful career in commercial, investment and central banks, hedge funds, regulatory authorities, and rating agencies.

You will master areas including:

  • asset pricing
  • derivative securities
  • financial modelling
  • mathematical research techniques using Matlab
  • machine learning
  • automation

MSc Financial Engineering and Risk Management is taught at Essex Business School, at our Colchester Campus. Our students and staff join us from all over the world and our teaching is grounded in contemporary issues and professional practice, supported by industry-standard facilities, such as our Bloomberg virtual trading floor.

Your future

Essex Business School is helping to create the business leaders of the future, those who are creative, innovative, and ethically aware. 90% of University of Essex’s postgraduate graduates are in employment or further study (Graduate Outcomes 2021).

Many of our graduates enjoy careers in financial analysis, management, public administration, and accountancy at some of the world’s most well-known organisations and exciting SMEs, including:

  • Groupon, a global e-commerce marketplace
  • KPMG Group, a multinational professional services network
  • Right Freight Pvt Ltd, an independent freight forwarder
  • Copal Partners, a financial consultation agency
  • Capital Markets Intelligence, a financial publisher
  • Credit Data Research, a business funder

Modules

Your dissertation is the culmination of your Masters programme, where you apply the knowledge gained on your course to produce a 10,000 word independent piece of work. You generate an original idea, analyse literature and current knowledge and produce a coherent argument that shows your ability to relate theory to practice. Your dissertation will help you develop vital skills for the workplace, as well as the ability to analyse real problems through an academic lens. You're assigned a supervisor for the duration of your project.

Tuition fees

UK fees
Course fees for UK students

For this course (per year)

13,030

International fees
Course fees for EU and international students

For this course (per year)

20,350

Entry requirements

You need a 2:2 degree, or international equivalent, in a numerate discipline such as: Economics, Finance, Mathematics, Statistics, Science or Engineering. Your degree should contain at least one module relating to Economics or Finance for example: Mathematics (calculus), quantitative finance/methods or Econometrics (probability, statistics). With a score of 50% in this module.

University information

The University of Essex is a hub of innovation and stereotype-breaking success. It offers students a fantastic academic experience, and a fresh way of thinking about some of the key challenges faced by society today. The university delivers an impressive selection of postgraduate courses at a number of levels, including master’s programmes, doctoral degrees, research positions and short courses for continued professional development. The...more

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