• Status: Fully Approved
  • Start date: October 2015
  • Duration:

    2 years part-time or 1 year full-time

  • Attendance:

    2-3 evenings a week part-time; 4-5 evenings a week full-time.

    September to June

  • Location:

    Central London

Programme overview

In the wake of the recent financial crises, a better understanding of financial risk management will play an extremely important role.

The MSc Financial Risk Management has been designed to meet the demand from the financial sector for individuals with expertise in this field. The programme is demanding and challenging. Its intention is to equip you with the broad range of statistical and mathematical tools needed to tackle practical real-world problems in financial risk management.

Upon successful completion of this programme, you will have the expertise to:

  • identify and manage the major sources of risk in the financial markets
  • understand the role of financial derivative products, their use (and misuse) and how they are priced
  • analyse financial data and specifically build risk models, detect trends in data, test a given hypothesis and forecast future values
  • build an investment portfolio (of risky assets) and carefully monitor its performance through time.

How to apply

Application deadlines and interviews

No specific deadline, but application as early as possible.

Online application

Financial Risk Management (MSc) (Part-time)

Financial Risk Management (MSc) (Full-time)

Why study this course at Birkbeck?

  • Combines a high level of academic rigour with a solid grounding in practical problem-solving skills.
  • Many of our students work in the finance industry, which generates a lively atmosphere.
  • Excellent reputation for the quality of our teaching, which includes providing training for the Treasury and the Bank of England
  • The Department of Economics, Mathematics and Statistics stands among the foremost research groups in the country.
  • Watch our video of Professor Ron Smith talking about studying in the department.
  • Watch videos of our postgraduate students discussing their experience of studying at Birkbeck.

Course structure

The programme begins with a September module in Quantitative Techniques, which introduces you to mathematical and statistical techniques. You must pass examinations in this module to progress to the MSc programme itself.

Core modules

Option modules

Dissertation

The option modules offered may vary from year to year and depend on factors such as timetables and student demand.

Entry requirements

The normal requirement is a first-class or good second-class degree (2:1 or better) from a UK university, or an overseas university qualification of an equivalent standard in a quantitative subject, such as mathematics, physics, statistics, economics or engineering.

Alternatively a merit or higher in our Graduate Diploma in Finance or Financial Engineering.

Work experience will be taken into account in assessing applications.

International entry requirements

If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests.

Visit the International section of our website to find out more about our English language entry requirements and relevant requirements by country.

Fees

Part-time home/EU students: £ 5975 pa
Full-time home/EU students: £ 11950 pa
Part-time overseas students: £ 8750 pa
Full-time overseas students: £ 17500 pa

Payment and Fees Discounts

Flexible finance: pay your fees in monthly instalments at no extra cost. Enrol early to spread your costs and reduce your monthly payments.

Fees discounts: If you are a Birkbeck alumni or a member of a union that is recognised by the Trades Union Congress (TUC), you may apply for a 10% discount off your tuition fees.

Funding and Financial Support

Finishing your undergraduate degree this year? Current Birkbeck students are eligible for a £10,000 scholarship to fund a part-time Master’s degree starting in 2015-2016.

Part-time students who are experiencing financial need may apply for assistance from the Birkbeck Alumni Fund Postgraduate Opportunity Bursary.

Find out more about funding and financial support at postgraduate level.

Careers and employability

Graduates can pursue a career in banking and finance, the public sector, industry, and research and analysis. Possible professions include financial risk analyst, economist, or purchasing manager. This degree can also be useful in becoming a management consultant or actuary.

Find out more about these professions.

Find out more about the destinations of graduates in this subject.

Birkbeck offers a wide range of free careers support and advice for students.

Teaching and assessment

Teaching

A combination of lectures and problem-solving classes, including computer sessions.

Assessment

Coursework and examinations; submission of a dissertation.

Our research

Birkbeck is one of the world’s leading research-intensive institutions. Our cutting-edge scholarship informs public policy, achieves scientific advances, supports the economy, promotes culture and the arts, and makes a positive difference to society.

Birkbeck’s research excellence was confirmed in the 2014 Research Excellence Framework, which placed Birkbeck 30th in the UK for research, with 73% of our research rated ‘world-leading’ or internationally excellent.

Read about Birkbeck research offering insights and expertise to inform business, contribute to economic success and develop ground-breaking technologies.

Further study opportunities

Interested in further research? We offer an MPhil/PhD in Mathematical Finance.