MSc Risk Management & Financial Engineering
South Kensington, United Kingdom
DURATION
1 Years
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
Request application deadline *
EARLIEST START DATE
Aug 2024
TUITION FEES
GBP 45,400 **
STUDY FORMAT
On-Campus
* applications for 2024 entry are now open. We accept applications on a rolling basis until the class is full. Our programmes are highly competitive, so we recommend applying early
** deposit: £4,540
Introduction
Advance your career with an MSc in Risk Management & Financial Engineering
Our highly quantitative MSc Risk Management & Financial Engineering program delves into a combination of mathematics, programming, and financial theory, equipping you with the technical skills and industry insights needed for a successful career. Previous students have successfully secured roles at Barclays, Credit Suisse, Morgan Stanley, HSBC, Goldman Sachs, JP Morgan, and more.
Accredited by the Professional Risk Managers' International Association (PRMIA), the program 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 industry practitioners and world-class faculty, all whilst benefitting from our London location.
Gallery
Ideal Students
What we look for in a MSc Risk Management & Financial Engineering candidate
If you’re an ambitious individual with an excellent quantitative and analytical background, then an MSc in Risk Management and financial Engineering is a good fit for you. This program attracts diverse and talented individuals with strong interpersonal and communications skills, who want to launch their careers in the finance sector. In addition, you should be passionate about developing your quantitative skills further, as well as learning about cutting-edge mathematical tools and techniques.
Admissions
Scholarships and Funding
We know that choosing to pursue a Master's program is an important decision and a substantial investment in yourself. Fees for our MSc programs are the same for both UK and international students.
In addition to the costs of tuition, you should also consider the costs of living in London during your studies and the lifestyle choices that will determine your costs. Many of the students in our Master's programs fund their studies through multiple funding sources, combining personal resources with education loans and scholarships.
Master's scholarships and bursaries
Imperial College Business School is pleased to offer significant scholarship funding to our most talented applicants. A range of scholarships are available, including several dedicated schemes for specific programs, and it is recommended that you apply early to give yourself the best chance of receiving an award.
We have three submission deadlines to apply for scholarships for our 2024 Master’s intake of students. To be considered for a scholarship you should submit your application by one of the deadlines; scholarships will be awarded from the first deadline onwards. We will review your suitability for an award alongside the other applications we receive within that round.
Please note that some of our scholarships require the additional submission of a video interview; admitted students will receive further information on how to submit a video interview via email within approximately two months of the deadline. Please also be aware that scholarships may not be awarded following every round (e.g. if scholarships in a particular category have all been awarded or there is an insufficient number of eligible candidates in a given round).
Curriculum
Program content
The program consists of a pre-study and foundation module, core modules, and electives as well as a final project where you can put your skills to the test. We also offer international experiences through optional elective modules to tailor your program.
Our MSc Risk Management & Financial Engineering is a one-year, full-time intensive program with a normal working week of Monday to Friday. Classes will be scheduled between 08.30 and 21.00 and students should expect to attend one evening class per week in addition to other optional activities such as guest lectures or alumni and careers events which may be scheduled in the evening.
Please note, that program content is subject to change. Candidates who fail to complete this degree are not entitled to a Postgraduate Certificate or Postgraduate Diploma.
Programme preparation
Through a combination of online pre-study modules, induction week, and a foundation module, you will be ready to hit the ground running when your program begins. This comprehensive preparation not only prepares you for the academic rigor ahead but also ensures you're thoroughly equipped to maximize the benefits of your program.
- Online pre-study modules
- Induction week
Foundation module
You will study one foundation module in September that introduces the tools of modern finance and enhances your career development skills.
- Foundations in Risk Management and Financial Engineering
Core modules
You will study six core modules which are taught through lectures, and interspersed with quantitative case studies, allowing you to work on real-world problems faced by financial firms, using extensive data sets and computer programs.
- Empirical Finance: Methods and Applications
- Financial Engineering
- Financial Statistics
- Investments and Portfolio Management
- Risk Management and Valuation
- Stochastic Calculus
Electives
Electives allow you to personalize your program to match your interests. You will take either three (if you do the Research Project) or four (if you do the Applied Project) from the following elective modules. All students will be required to take at least one key elective.
- Key electives
- Other electives
International electives
We offer two international electives, involving company visits, guest speakers, and experiential learning activities for an intensive learning experience in another country. The 2022-23 cohort traveled to Singapore and New York.
There will be an additional cost for taking these electives, which is reviewed on an annual basis.
- Corporate Finance for Practitioners
- Introduction to Quantitative Investing
Project
In the spring and summer terms, you will choose between undertaking two types of projects, to develop specialist skills and subject knowledge to benefit your future career. You can either pursue an Applied Project together with an additional elective, or a traditional Research Project.
- Applied project
- Research project
Rankings
Study your MSc Risk Management & Financial Engineering in London at a global top 10 university
- 3rd in Europe (Imperial College London, Times Higher Education World University Rankings 2024)
- 6th in the world (Imperial College London, QS World University Rankings 2024)
- #1 city for students (London, QS Best Student City Rankings 2023)
Program Tuition Fee
Career Opportunities
Career impact
At Imperial College Business School, your career is our priority. We have a dedicated Careers team that is committed to helping you achieve your personal and professional goals. With close links to the industry and a busy calendar of events, workshops, and personal development programs, you will be prepared to enter a highly competitive recruitment market.
- 93% employed within six months
- 33% employed in the UK
- 31% employed in investment banking or risk management (of the 81% employed within the finance sector)
Dedicated support for every step of your journey with us
Imperial College Business School Careers provides world-class support that is tailored to your career aspirations and is an integral part of your MSc Climate Change, Management & Finance program.
Several personalized services are provided before you start and throughout your time at the Business School to support you in securing a job in the sector of your choice. With close links to the industry and a busy calendar of events, workshops, and personal development programs, you will be prepared to enter a highly competitive recruitment market.