MSc Risk Management

Program Overview

Risk Management (MSc)

About this course

Study this UK risk management master’s for a broad understanding of theory and practice in key topics of risk. Explore financial and credit risk, decision making and corporate security and insurance.

This course equips you with the skills to apply project risk management principles to a range of sectors. You’ll be able to tailor your degree and explore your own interests through optional modules, taught by experienced academics and researchers.

This UK risk management degree teaches risk management topics so that you can apply techniques and theory in any field, rather than focusing on finance or engineering.

This course is for you if you have some professional experience and want to advance risk management practice in your industry, or if you are looking to specialise following your undergraduate study.

You’ll explore different aspects of risk and discover your area of interest through optional module selection in areas such as finance, quantitative methods and corporate security.

You’ll be taught by academics at the forefront of risk management research, including experts in decision making in uncertain environments and project risk.

Our master’s in risk management is delivered with links to Southampton’s Business School’s Centre for Risk Research, the only specialist centre of its kind in a Russell Group university. The centre hosts unique opportunities, such as industry seminars, to inform your learning.

Course lead

Your course leader is Dr Chung-Ching Tai, Associate Professor within Southampton Business School. Chung-Ching is affiliated to the Department of Decision Analytics and Risk and is a member of the Centre for Risk Research (CRR).

Accreditations

• Association to Advance Collegiate Schools of Business (AACSB)
• Chartered Insurance Institute (CII)
• Institute of Risk Management (IRM)

Entry requirements

• 2:1 degree in a subject which includes quantitative study such as:
  • finance
  • sciences
  • maths
  • engineering
  • computer science
  • economics
  • quantitative business or management
• Evidence of maths, statistics, calculus and algebra knowledge
• English language requirements:
  • IELTS score requirements:
    • overall score: 6.5
    • reading: 6.5
    • writing: 6.5
    • speaking: 6.0
    • listening: 6.0

Course structure

• 12 months full-time
• 9 months taught part
• 3 months dissertation project
• Part-time study: 2 years

Modules

• Dissertation (Risk Management)
• Enterprise Risk Management and Insurance
• Principles of Risk Management
• Project Risk Management
• Quantitative Methods
• Quantitative Methods for Risk Management
• Risk Taking and Decision Making
• Optional modules:
  • Advanced Analytics
  • Corporate Finance
  • Credit Risk & Data Analytics
  • Financial Risk Management
  • International Corporate Social Responsibility and Ethics
  • Managing Complexity, Uncertainty and Subjectivity
  • Project Management
  • Simulation

Learning and assessment

• Lectures
• Seminars
• Independent study
• Group exercises
• Guest talks by industry speakers
• Industry seminars by the Centre for Risk Research
• Assessment methods:
  • exams
  • coursework
  • group projects
  • computer-based assignments
  • dissertation project

Careers and employability

• Employability skills:
  • Research
  • Critical thinking
  • Commercial awareness
  • Self-management
  • Confidence
  • Communication
  • Teamwork
  • Creativity
  • Adaptability
  • Problem solving
• Career pathways:
  • Business analyst
  • Compliance consultant
  • External auditor
  • Flood risk engineer
  • Financial risk manager
  • Insurance underwriter
  • Investment banker
  • Risk analyst
  • Risk and compliance investigator
  • Risk manager
• Wider career opportunities:
  • Accountant
  • Actuary
  • Data analyst
  • Financial advisor
  • Financial trader
  • Financial risk analyst
  • Investment analyst
  • Management consultant
  • Retail banker
  • Tax adviser

Fees, costs and funding

• Tuition fees:
  • UK students: £15,800
  • EU and international students: £31,500
• Deposit: £2,000 (international students)
• Application assessment fee: £50
• Funding options:
  • Postgraduate Master’s Loans (UK nationals only)
  • Southampton Business School Postgraduate UK Scholarship
  • Southampton Business School Deans Postgraduate Scholarship
  • Southampton Business School Postgraduate International Scholarship
  • Other postgraduate funding options

How to apply

• Use the online postgraduate admissions system
• Create an account and submit your application
• Pay the £50 application assessment fee
• Upload supporting documents
• Submit your application

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