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MSc Risk Management & Financial Engineering

MSc Risk Management & Financial Engineering

Key information

Qualification type

MSc - Master of Science

Subject areas

Risk Management Financial Management

Course type


Course Summary

MSc Risk Management & Financial Engineering is a highly quantitative one-year programme, designed to prepare recent graduates for careers in financial engineering and risk management. The programme, which is accredited by the Professional Risk Manager’s International Association (PRMIA), is designed for technically-minded graduates who want a deep, analytical study of risk management and financial engineering. You will learn how to put the latest academic thinking and business strategies into practice from leading practitioners and world class faculty, giving you a thorough and hands-on understanding of risk management. Our London location and ongoing relationships with major employers in the finance sector provides the opportunity to meet and network with leading global organisations, and will help present yourself with confidence to the world’s top companies.

This programme provides you with all the technical tools and knowledge you need to work effectively as a quant or risk specialist in a bank, hedge fund or investment fund. It is taught by a combination of our outstanding faculty and industry practitioners from the city, providing a good mix of the latest research findings from the Business School’s Risk Management Lad and unique industry developments from professionals working in the field.

Students who complete the MSc Risk Management and Financial Engineering programme successfully will be able to:

  • Demonstrate a detailed knowledge of fundamental finance theories and models including their derivation and their use and context in the measurement and management of risk
  • Apply mathematical tools to complex financial problems relating to risk measurement, risk management and risk pricing
  • Use a range of programming tools to develop live implementations of financial models and use these implementations in practice
  • Apply econometric theory and software to analyse and evaluate investment decisions and data, and draw valid conclusions

Different course options

Study mode

Full time


1 year

Start date



This module introduces you to a range of essential mathematical tools and their financial applications. By the end of the module you?ll be ready to excel in any area of finance.

Tuition fees

UK fees
Course fees for UK / EU students

For this course (per year)


Average for all Postgrad courses (per year)


International fees
Course fees for non-UK / EU students

For this course (per year)


Average for all Postgrad courses (per year)


Entry requirements

Students should have a quantitative undergraduate degree at First or 2:1 Honours (or international equivalent). Students should have a First or Upper Second Class Honours undergraduate degree from a recognised university (or international equivalent) in a highly quantitative discipline such as: Mathematics Engineering Science Economics Whilst there are no specific ‘A’ Level criteria, you should be aware that many banks and companies in the financial sector do have very strict grade requirements for their graduate programmes. We strongly recommend that you research the entry requirements of any companies you are interested in working for. Candidates who are required to take an English test to meet the language requirement are strongly encouraged to take this before applying and supply their scores as part of the online application. A strong result in an approved English language test will add weight to your application. Most applicants meet the requirement in one of the following ways: IELTS (academic): A minimum score of 7.0 with minimum scores of 6.5 in all elements TOEFL iBT: A minimum score of 100 overall with minimum scores of 22 in all elements