Business School students

Designed to prepare recent graduates for careers in financial engineering and risk management.

Key information

Duration: 1 year full-time
Start date: September 2018
Location: South Kensington
ECTS: 90 credits
MSc Risk Management and Financial Engineering at Imperial College Business School
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Overview

Our Master’s degree in Risk Management is a one-year course, providing technically-minded graduates with an analytical study of risk management and financial engineering.

The course is run by Imperial College Business School and equips our students with the cutting-edge risk management tools and strategies utilised by world-leading financial firms.

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.

Study programme

The course begins with core modules in the autumn term that continue into the spring term.

You also complete a number of online interactive primer modules that you must pass but which do not contribute to your final grade. These foundation modules introduce you to the modern tools of finance.

In the spring term, you choose a number of elective modules as well as choosing between two different types of projects. The individual Applied Project comprises of a 3,000-word report and a short presentation and the individual Research Project involves an original piece of work of around 10,000 words. You carry out your chosen project over the summer term. Students who complete a Research Project are required to take one less elective.

Careers

Our graduates are well prepared for jobs in a wide range of industries in the UK, Europe and further afield, with employers including Barclays, RBS and Prudential.

Professional accreditation

We are among a handful of business schools worldwide to achieve triple accreditation:

We have also been recognised for our work in tackling gender inequality in higher education with a Bronze Athena SWAN award.

Structure

Modules shown are for the current academic year, and are subject to change depending on your year of entry.

Structure

Core modules

  • Accounting Primer
  • Applications of R for Finance
  • Data Structures and Algorithms using Python
  • Empirical Finance: Methods and Applications
  • Ethics and Professional Standards in Finance
  • Financial Engineering
  • Financial Modelling
  • Financial Statistics
  • Finance Careers Primer
  • Investments and Portfolio Management
  • Markets and Securities
  • Risk Management and Valuation
  • Stochastic Calculus for Finance
  • The Finance Industry
  • VBA

Non-assessed modules

  • Career and Professional Development
  • Induction
  • Introduction to Finance
  • Introduction to Mathematics
  • Plagiarism Awareness Module
  • Study Skills

Optional modules

  • Advanced Financial Statistics
  • Advanced Options Theory
  • Applied Trading Strategies
  • Asset Allocation and Investment Strategies
  • Banks, Regulation and Monetary Policy
  • Big Data in Finance
  • Computational Finance with C++
  • Credit Risk
  • Enterprise Risk Management
  • Financial Crises and Regulation
  • Fixed Income Securities
  • Insurance
  • International Finance
  • Introduction to Algorithmic Trading (International Elective)
  • Macroeconomics and Finance for Practitioners (International Elective)
  • Private Equity and Venture Capital
  • Structured Credit and Equity Products
  • Topics in Corporate Finance
  • Topics in Fintech Innovation
  • Wealth Management and Alternative Investments

Project

  • Applied Project
  • Applied Project (Work Based)
  • Research Project

Teaching and assessment

Teaching methods

  • Case studies
  • Equipment/technique demonstrations (e.g. Bloomberg, Datastream)
  • Formal presentations
  • Group work exercises
  • interactive content including video and module quizzes
  • Lectures
  • On-line discussion forums
  • On-line lecture materials
  • Practical classes
  • Pre-programme on-line modules
  • Seminars
  • Work Placement Opportunity
  • Workshops

Assessment methods

  • Case Studies
  • Continuous assessments
  • Essays
  • Formal Presentations
  • Multiple Choice Tests
  • Participation
  • Reports
  • Written Examinations/Tests

Entry requirements

We welcome students from all over the world and consider all applicants on an individual basis.

For advice on the requirements for the qualifications listed here please contact the Department (details at the bottom of this page).

Entry requirements

Minimum academic requirement

Our minimum requirement is normally at least a 2.1 UK Honour's degree in highly quantitative subject, such as Mathematics, Engineering, Science or Economics.

Additionally, you are expected to have a well-researched career plan with clear short and long term goals.

International qualifications

The academic requirement above is for applicants who hold or who are working towards a UK qualification.

We also accept a wide variety of international qualifications. For guidance see our Country Index though please note that the standards listed here are the minimum for entry to the College. There is further detail available from the Business School website.

If you have any questions about admissions and the standard required for the qualification you hold or are currently studying then please contact the relevant admissions team.

English language requirement (all applicants)

All candidates must demonstrate a minimum level of English language proficiency for admission to the College.

For admission to this course, you must achieve the higher College requirement in the appropriate English language qualification. For details of the minimum grades required to achieve this requirement, please see the English language requirements for postgraduate applicants.

How to apply

How to apply

Making an application

All applicants must apply online.

You can usually apply for up to two courses, although your second choice will only be considered if your first-choice application is unsuccessful.

Most courses don't have a formal closing date, but popular courses close when they are full, so you should apply early to avoid disappointment. There may also be funding deadlines that apply to you.

You will need to upload documents with your applications, which may include transcripts and degree certificates.

All of the Business School taught postgraduate programmes require payment of an application processing fee before an application can be submitted. Details of the cost can be found on the Business School website.

For full details on the online application process, or to start your application, please visit the How to Apply section of our website.

ATAS certificate

An ATAS certificate is not required for overseas students applying for this course.

Tuition fees and funding

The level of tuition fees you pay is based on your fee status, which we assess based on UK government legislation.

For more information on the funding opportunities that are available, please visit our Fees and Funding website.

Read more about scholarships specific to this degree on the Business School website.

Tuition fees

Tuition fees (Home and EU students)

2018 entry
£33,500

Fees are charged by year of entry to the College and not year of study.

Except where otherwise indicated, the fees for students on courses lasting more than one year will increase annually by an amount linked to inflation, including for part-time students on modular programmes. The measure of inflation used will be the Retail Price Index (RPI) value in the April of the calendar year in which the academic session starts e.g. the RPI value in April 2019 will apply to fees for the academic year 2019–2020.

Tuition fees (Overseas and Islands students)

2018 entry
£33,500

Fees are charged by year of entry to the College and not year of study.

Except where otherwise indicated, the fees for students on courses lasting more than one year will increase annually by an amount linked to inflation, including for part-time students on modular programmes. The measure of inflation used will be the Retail Price Index (RPI) value in the April of the calendar year in which the academic session starts e.g. the RPI value in April 2019 will apply to fees for the academic year 2019–2020.

Postgraduate Master's loan

If you are a Home or EU student who meets certain criteria, you may be able to apply for a Postgraduate Master’s Loan of up to £10,280 from the UK government. The loan is not means-tested, and you can choose whether to put it towards your tuition fees or living costs.

Scholarships

We offer a range of scholarships for postgraduate students to support you through your studies. Try our scholarships search tool to see what you might be eligible for.

There are a number of external organisations also offer awards for Imperial students, find out more about non-Imperial scholarships.

Accommodation and living costs

Living costs, including accommodation, are not included in your tuition fees.

You can compare costs across our different accommodation options on our Accommodation website.

A rough guide to what you might expect to spend to live in reasonable comfort in London is available on our Fees and Funding website.

Contact us

Business School

Got a question?

T: +44 (0)20 7589 5111
E: business.school@imperial.ac.uk

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