Financial Risk Management (MSc)

Year of entry


Start date

October 2018


Central London


Fully Approved


One year full-time or two years part-time


Four to five evenings a week full-time or two to three evenings a week part-time, September to June

In the wake of the recent financial crises, a better understanding, and application, of financial risk management will play an extremely important role in the financial sector in the years to come.

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.

If you are unsure which finance programme is right for you, then read an overview of each programme.

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  • 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 with unique opportunities for building your social and professional networks.
  • We have an excellent reputation for the quality of our teaching, which includes providing training for the Treasury and the Bank of England.
  • Birkbeck's Department of Economics, Mathematics and Statistics enjoys an international reputation and its economics and finance research groups stand among the foremost research groups in the country.
  • In the 2014 Research Excellence Framework (REF), more than half of our research outputs in Economics were ranked world-leading or internationally excellent.
  • Watch our video of Professor Ron Smith talking about studying in the department.
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