About this course
Develop your knowledge of finance, risk and decision-making in this specialist UK financial risk management course.
MSc Risk and Finance allows you to select the modules you want to study to follow your career goals. This accredited course enables you to apply for credits towards professional qualifications, setting you above your competitors.
As part of Southampton Business School you'll get many opportunities to advance your career prospects.
You’ll combine finance, risk and decision-making modules with specialist topics on insurance and credit scoring in our master’s degree in risk and finance. This flexible risk management master's is suited to students who want to pursue a career in risk and finance.
Our MSc risk management degree is accredited by the Chartered Insurance Institute and Institute of Risk Management, which means you can apply for credits towards professional risk management qualifications.
You’ll use credit scoring data and industry-standard software as part of your studies and explore different topics, including:
- stock market analysis
- simulation modelling
- corporate finance
- project risk management
Become a master of financial risk management by specialising in finance or insurance subject modules or choose continue to learn about both areas. This will keep your career options broad or encourage you to focus in one area.
Southampton Business School is a leader in research for banking, finance and risk management. The school provides career-enhancing opportunities like IBM’s Academic Initiative. Risk managers and industry leaders from companies such as Goldman Sachs and PwC, will visit to discuss careers one a one-to-one basis.
Your course leader is Dr Ian G Dawson, Associate Professor of Risk Management the Director of the Centre for Risk Research at Southampton Business School. He’s a chartered psychologist and is particularly interested in how a person’s understanding of risk can affect their decision making. Visit Dr Dawson’s staff profile to find out more about his work.
This course is accredited by:
This course is based at Highfield.
This qualification is awarded by the University of Southampton.
Download the programme specification
The programme specification sets out the learning outcomes of this course and details how the course is taught and assessed.
In light of COVID-19, we’ve made changes to some elements of course delivery for 2020-21. For details as to how this has changed delivery for this course, please view the Addendum to the Programme Specification PDF.
You’ll need a 2:1 degree in a subject with quantitative study such as:
Find the equivalent international qualifications for your country.
Recognition of professional experience
If you don't have the exact entry requirements, but you have significant work experience in this sector we’ll assess your relevant professional experience, your subject knowledge and your aptitude for learning.
Your application will be considered on individual merit and you may be asked to attend an interview.
Got a question?
If you're not sure that you have the right experience or qualifications to get onto this course please contact our enquiries team; we're very happy to help.Email: email@example.com
Tel: +44(0)23 8059 5000
COVID-19: we've made some changes to the structure of the course for this academic year. Download the programme specification addendum in 'About this course' to learn more.
This is a full-time master’s course. You’ll study for 12 months, from September to the following September.
In the first 9 months (semesters 1 and 2) you'll study the taught part of your course.
This is made up of modules that everyone on the course takes, and modules we’ll ask you to choose from a list of options. During semester 2 you’ll begin preparing for your dissertation.
For your optional modules, you can choose insurance-focused modules or finance-related modules to advance in one sector, or select a mix to learn about both areas and broaden your career possibilities.
For the last 3 months, over the summer, you’ll work independently to research and write your dissertation. You’ll have one-to-one meetings with your supervisor during this time to discuss your progress.
Want more detail? See all the modules in the course.
COVID-19: we've made some changes to our modules for this academic year. Download the programme specification addendum in 'About this course' to learn more.
For entry in Academic Year 2020-21
You must study the following modules in year 1:
You must also choose from the following modules in year 1:
Learning and assessment
COVID-19: we've made some changes to our learning and assessment methods for this academic year. Download the programme specification addendum in 'About this course' to learn more.
You’ll learn risk and financial management techniques through:
- group work
- case studies
- private study
You’ll apply logical and analytical skills in problem-solving activities and class discussions.
Our academics use different teaching methods to help you apply theoretical concepts and to develop essential career-building skills, such as analytical, teamwork and communication.
You’ll also take part in practical computer classes, learning to use industry-standard databases and software such as Bloomberg data, Excel programming tools and MATLAB risk analysis software. Depending on your module selection, you may learn SPSS or SAS Enterprise Miner software.
Modules leaders regularly invite industry practitioners to share their insights with students, keeping you up-to-date with sector issues.
You’ll also be able to attend seminars run by the University’s Centre for Risk Research as well as specialist finance-focused Business School events. These include talks by professionals from finance and insurance companies and leading researchers from other universities.
Each module is assessed by a combination of exams and coursework.
Most modules will be individually assessed and some will have a group assessment. Other modules are likely to have a practical computer-based assignment.
As part of this course, you’ll complete a dissertation project on a topic of your choice. This will enable you to specialise in an area of interest and put research skills into practice.
You’ll have a personal academic tutor (PAT) to guide you throughout your studies. The programme leader is also on-hand for course related questions.
The Institute of Risk Management will support you on your dissertation project, by giving advice and data sharing.
You’ll gain the knowledge to pursue a career as an investment banker, fund manager or risk analyst in the financial sector as well as advance your careers prospects in any sector as financial analyst or risk manager.
Popular graduate careers include:
- fund manager
- risk officer
- financial risk manager
- financial manager
- financial analyst
- investment banker
Graduates now work in various fields, including:
- mutual and hedge funds
- risk management
- business security
Every year, professional risk managers and industry leaders come to discuss careers in the sector with our students. They include representatives from:
- Goldman Sachs
- The Chartered Insurance Institute
- Old Mutual Wealth
In partnership with IBM’s Academic Initiative, we regularly host guest lectures provided by IBM senior managers and facilitate IBM graduate opportunities for our students.
Careers services at Southampton
We're a top 20 UK university for employability (QS Graduate Employability Rankings 2019). Our Careers and Employability Service will support you throughout your time as a student and for up to 5 years after graduation. This support includes:
- work experience schemes
- CV/resume and interview skills workshops
- networking events
- careers fairs attended by top employers
- a wealth of volunteering opportunities
- study abroad and summer school opportunities
We have a vibrant entrepreneurship culture. You'll be able to take advantage of:
Fees, costs and funding
Fees for a year's study:
- UK/EU students pay £12,950.
- International students pay £22,806.
When you accept your offer to study on this course you’ll be asked to pay a deposit. This is non-refundable. The deposit amount is:
- UK/EU students: £250
- International students: £1,000
Full terms and conditions and details of how to pay this deposit will be sent to you in your offer letter.
What your fees pay for
Your tuition fee covers the full cost of tuition and all examinations.
10% alumni discount
If you’re a graduate of the University of Southampton you get a 10% discount on your postgraduate tuition fees.
Postgraduate Master’s Loans (UK and EU nationals only)
This can help with course fees and living costs while you study a postgraduate master's course. Find out if you're eligible.
Funding your postgraduate studies
A variety of additional scholarships, grants and bursaries may be available to help you fund your master’s study, both from the University and from other organisations.
How to apply
You can apply directly through our online form by using the apply button on this page.
Applications must be received no later than 4 weeks before the start of the course. You must supply all supporting documentation at least two weeks before starting your course.
We recommend you apply at least 6 weeks before the start of the course to ensure you're able to meet our requirements and apply for a visa in time.
We cannot guarantee students who do not meet these deadlines will be able to begin their course.
When you apply you’ll need to submit a personal statement explaining why you want to take the course.
You’ll need to include information about:
- your knowledge of the subject area
- why you want to study a postgraduate qualification in this course
- how you intend to use your qualification
You'll also need to send 2 academic references.
Please include the required paperwork showing your first degree and your IELTS English language test score (if you are a non-native English speaker) with your application. Without these, your application may be delayed.
Learn more about how to apply with our postgraduate application guide.
What happens after you apply
You'll be able to track your application through our online Applicant Record System.
We will assess your application on the strength of your:
- academic achievements
- relevant professional experience
- personal statement
- academic references
We'll get back to you within 6 weeks with a decision about your application.
Equality and diversity
We treat and select everyone in line with our Equality and Diversity Statement.
Got a question?
Please contact us if you're not sure you have the right experience or qualifications to get onto this course.
Tel: +44(0)23 8059 5000