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Financial Risk Management MSc

Different course options

Study mode

Full time

Duration

1 year

Start date

23-SEP-24

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Finance / Accounting (General) Risk Management

Course type

Taught

Course Summary

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.

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.

Modules

The aim of this course is to outline how macroeconomics fundamentals influence asset returns and asset prices. The point of departure of the baseline Capital Asset Pricing Model (CAPM) is to postulate that the returns on stocks follow some exogenous probability distribution; the point of departure of the Black-Scholes analysis of option prices is that the price of the underlying share of stock follows some exogenous stochastic process. More generally, the standard theory of finance starts by postulating some exogenous stochastic process for the dividends or the prices of some interesting financial asset. The aim of this course is to analyse where these postulated processes are coming from. Indeed, although some financial series can be represented quite adequately, over some limited timespan, by an appropriate exogenous process, all financial series will eventually exhibit breaks. One benefit of this analysis is that it can help us identify and predict these break points.
Dissertation

Tuition fees

UK fees
Course fees for UK students

For this course (per year)

£15,000

International fees
Course fees for EU and international students

For this course (per year)

£35,640

Entry requirements

2.1 Honours degree or non-UK equivalent in economics, finance, engineering, physics, or another highly mathematical discipline.

University information

The University of Glasgow is one of four ancient universities in Scotland, founded back in 1451. Alumni include seven Nobel Prize winners, Scotland’s First Minister and a Prime Minister, while Albert Einstein gave a seminal lecture on the theory of relativity there in 1933. The university consists of four colleges: College of Arts College of Medical, Veterinary and Life Sciences College of Science and Engineering College of...more

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