The University of Southampton
Southampton Business SchoolPostgraduate study

MSc Risk Management - 1 yr(s)

Take the next step towards a career in banking, insurance and finance.

Introducing your degree

 

Overview

The full MSc Risk Management can be taken full-time in one year, or part-time, usually over two years. The full-time programme involves nine months of taught study and three months' work on a dissertation.

You are advised to take options that ensure that your semesters are reasonably balanced in workload.

The part-time programme usually involves taught study over two nine-month periods followed by six months' work on a dissertation.

The dissertation is an opportunity for you to develop and execute a piece of research into a specific aspect of risk management, typically in a real-life management context.

The MSc Risk Management aims to support the growing need for more formal, systematic approaches to the core areas of risk management and to provide you with relevant theoretical and practical knowledge of these areas. It is designed to provide training and education in the application of the concepts, techniques, methods and approaches of risk management in practical organisational contexts. The compulsory modules will provide a foundation in risk and security management concepts, while the wide range of optional modules allows you to enhance your knowledge and understanding in related disciplines (eg insurance, finance, business, project risk management, IT systems, etc.). Further specialisation can be achieved through the dissertation. Successful completion of the MSc will give you the confidence for pursuing a career in the fast growing risk management, security (eg information officers, project managers) management profession.

View the programme specification document for this course.

Accreditation

Chartered Insurance Institute (CII)

Programme Structure

The programme is designed to provide training and education in the application of the concepts, techniques, methods and approaches of risk management in practical contexts with regular invited guest lectures delivered by senior industry leaders. The compulsory modules will provide a foundation in risk management concepts, while the wide range of optional modules allows you to enhance your knowledge and understanding in many related disciplines. This MSc aims to deliver a multidisciplinary programme, primarily aimed at a broadening qualification for business school graduates, but also as a programme that may appeal to suitable graduates from other disciplines such as economics, computer science, psychology, law etc. The Programme Leader will also be able to provide the first line of support and guidance for your pathway selection to facilitate your desired career path.

Special features of the programme

The programme is delivered through the Centre for Risk Research at Southampton, which is a world-leading interdisciplinary risk research centre within Southampton Business School. The Risk Management Programme has been designed to reflect the multidisciplinary study paths and allow the students to choose their designed path.

Programme Leader

Entry Requirements

Typical entry requirements

Bachelors degree

2:1 classification UK bachelors degree or equivalent

Find out about equivalent entry requirements and qualifications for your country.

Acceptable subjects: A wide range of subjects accepted in Business, Economics, Science, Engineering, IT, Management and Marketing, Communication, Education, Political Science, and Sociology

Required module areas: Evidence of quantitative study e.g. accounting, economics, finance, maths, management sciences or engineering. Other subjects considered if quantitative ability demonstrated at A levels.

Excluded subjects: English translation, Art/Performing Art, Vocational Studies

Work experience in a related field can compensate for degree subjects/grades.

Pre-masters course

You are able to progress to this MSc programme via the University's Pre-masters programme.

Selection process

The University’s Admissions Policy, available at www.southampton.ac.uk/admissions_policy, applies equally to all programmes of study. These are the typical entry criteria to be used for selecting candidates for admission. The University’s approved equivalencies for the requirements listed will also be acceptable. The entry criteria for our programmes are reviewed annually by the Faculty. Those stated were correct as of July 2015. Applicants should refer to their specific offer conditions on their offer letter.

International applicants

If English is not your first language, you will need to demonstrate that you have reached a satisfactory standard in an approved English language test.

The following scores are accepted for direct entry:

•  IELTS 6.5 overall with 6.5 in reading and writing, 6.0 in listening and speaking

All tests must be no more than two years old at the time of enrolment.

For more information visit a list of equivalent English language tests that are also accepted.

If you do not quite meet our English language requirements for direct entry, you may be eligible to apply for one of our pre-sessional English language courses. Please visit the Centre for Language Studies website for further information.

Visit our International Office website or the NARIC website for further information on qualifications.

Recognition of prior learning (RPL)

If you have professional experience, or credit through prior learning at another institution, you may be eligible to use this experience against some of the programme requirements for period of study. You will need to present evidence that you have met the learning outcomes of the programme. Read the University’s Recognition of Prior Learning Policy.

This page contains specific entry requirements for this course. Find out about equivalent entry requirements and qualifications for your country.

Modules

Typical course content

All Core and Compulsory modules must be taken.

Please choose 30 CATS/15 ECTS of Option modules. You must choose either MANG6020 Financial Risk Management or MANG6028 Corporate Finance.

MANG6020 Financial Risk Management is strictly at the Programme Director’s discretion. All Option modules are offered subject to availability and timetabling constraints.

MANG6095 Dissertation supervision starts in Semester 2 and should be submitted in September.

Year 1

Semester One
Compulsory
MANG6003
Quantitative Methods
MANG6181
Corporate Risk Management Processes
MANG6182
Principles of Risk Management
Optional

To take MANG6059 in Semester 2 you need to take MANG6122.

MANG6045
Consultancy Skills
MANG6049
Problem Structuring
MANG6068
The Management of Corporate Security
MANG6091
Business Ethics
MANG6122
Simulation
MANG6229
Multivariate Statistics for Data Mining
Semester Two
Compulsory
MANG6071
Insurance
MANG6129
Quantitative and Qualitative Research
MANG6134
Risk Taking and Decision Making
MANG6143
Project Risk Management
Core
MANG6095
Dissertation
Optional

To take MANG6059 you need to have taken MANG6122 in Semester 1

MANG6020
Financial Risk Management
MANG6028
Corporate Finance
MANG6054
Credit Scoring and Data Mining
MATH6013
Healthcare Modelling
MANG6100
Game Theory in Business
MANG6169
Credit Risk Model and Basel Accord

Please note: This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if s/he takes full advantage of the learning opportunities that are provided. More detailed information can be found in the programme handbook (or other appropriate guide or website).

Fees & funding

Tuition fees

Fees for postgraduate taught courses vary across the University. All fees are listed for UK, EU and international full-time and part-time students alphabetically by course name.

View the full list of course fees

Funding

Scholarships, bursaries, sponsorships or grants may be available to support you through your course. Funding opportunities available to you are linked to your subject area and/or your country of origin. These can be from the University of Southampton or other sources.

Explore funding opportunities

Costs associated with this course

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

There will also be further costs for the following, not purchasable from the University:

TypeDescription
StationeryYou will be expected to provide your own day-to-day stationery items (eg pens, pencils, notebooks, etc). Any specialist stationery items will be specified under the Additional Costs tab of the relevant module profile.
BooksWhere a module specifies core texts these should generally be available on the reserve list in the library. However, due to demand, students may prefer to buy their own copies. These can be purchased from any source. Some modules suggest reading texts as optional background reading. The library may hold copies of such texts, or alternatively you may wish to purchase your own copies. Although not essential reading, you may benefit from the additional reading materials for the module.
Printing and copyingIn most cases, written coursework such as essays, projects and dissertations are submitted online and by hard copy. The costs of printing a hard copy for submission of such coursework will be the responsibility of the student. The cost of photocopying will also be the responsibility of the student. For more information about University printing costs, visit www.southampton.ac.uk/isolutions/students/printing
TravelSome modules may include optional visits. You will normally be expected to cover the cost of travel and admission, unless otherwise specified in the module profile.
OtherCandidates may use calculators in the examination room only as specified by the University and as permitted by the rubric of individual examination papers. The University approved models are Casio FX-570 and Casio FX-85GT Plus. These may be purchased from any source and no longer need to carry the University logo.

In some cases you'll be able to choose modules (which may have different costs associated with that module) which will change the overall cost of a programme to you. Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

Career Opportunities

There is a widespread and growing interest in almost every industry for improving risk management practice. Students graduating from this programme will be sought after by top finance, insurance, business management and IT firms, consultancy service firms and government organisations as well as other sectors.

Learning & Assessment

Study locations

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