Risk and Finance (MSc)

You’ll need a 2:1 degree in a subject with quantitative study such as: 

• risk 
• finance 
• science 
• engineering 
• economics 
• business    

Find the equivalent international qualifications for your country.

We do not accept the following subjects:

• Language Studies – degrees that focus on learning a language or how to translate, such as 'Business English', 'Applied English', or 'Translation', are not acceptable. However, this restriction does not apply to ‘English’ and ‘English literature’ degrees of the kind taught in the UK.
• Art/Design/Vocational Studies – degrees that focus on learning a particular form of art, craft or vocation. These include degrees in art, graphic design, photography, television broadcasting, script writing, or performance/dance.

English language requirements

If English isn't your first language, you'll need to complete an International English Language Testing System (IELTS) to demonstrate your competence in English. You'll need all of the following scores as a minimum:

We accept other English language tests. Find out which English language tests we accept.

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?

Please contact us if you're not sure you have the right experience or qualifications to get onto this course.

Email: enquiries@southampton.ac.uk
Tel: +44(0)23 8059 5000

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.

Learning

You’ll learn risk and financial management techniques  through: 

• lectures 
• seminars 
• 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. 

Assessment

Each module is assessed by exams, coursework or a combination of both.

Most modules will be individually assessed and some will have a group assessment. Other modules are likely to have a practical computer-based assignment. 

Dissertation

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.    

Academic Support

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: 

• stockbroker 
• fund manager 
• risk officer 
• financial risk manager 
• financial manager 
• financial analyst 
• investment banker 

Graduates now work in various fields, including: 

• banking 
• mutual and hedge funds 
• accountancy 
• insurance 
• IT 
• 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: 

• IBM 
• Goldman Sachs 
• PwC 
• 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 2022). 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 thriving entrepreneurship culture. You'll be able to take advantage of:

• our dedicated start-up incubator, Futureworlds
• a wide variety of enterprise events run throughout the year
• our partnership in the world’s number 1 business incubator, SETsquared

Tuition fees

Fees for a year's study:

• UK students pay £15,000.
• EU and international students pay £29,512.

Check fees for other versions of this course.

Deposit

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 students: £250
• EU and 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 any exams.

Find out how to pay your tuition fees.

Accommodation and living costs, such as travel and food, are not included in your tuition fees. Explore:

• accommodation costs

• living costs

• budgeting advice

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 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.

Southampton Business School Deans International Scholarship

A scholarship of £8,000 is available to international students studying for an eligible postgraduate master’s at Southampton Business School.

Find out more about the Southampton Business School Deans International Scholarship, including eligibility and conditions.

Southampton Business School Postgraduate International Scholarship

A scholarship of £3,000 is available to international students studying for an eligible postgraduate master’s at the Southampton Business School.

Find out more about the Southampton Business School Postgraduate International Scholarship, including eligibility and conditions.

Southampton Business School Excellence in English Postgraduate International Scholarship

A scholarship of £3,000 is available to international students from mainland China, Hong Kong or Macau who are studying for an eligible postgraduate master’s at the Southampton Business School.

Find out more about the Southampton Business Excellence in English Postgraduate International Scholarship, including eligibility and conditions.

Other postgraduate funding options

A variety of additional funding options may be available to help you pay for your master’s study. Both from the University and other organisations.

Funding for EU and international students

Find out about funding you could get as an international student.

1. Use the 'apply for this course' button on this page to take you to our online application form.
2. Search for the course you want to apply for.
3. Complete the application form and upload any supporting documents.
4. Submit your application.

Application deadlines

Places are limited and we allocate them a continuous basis from 21 September 2022, until all places are filled. We advise you to apply early to avoid disappointment.

Expected application closure dates

We expect to close applications for this course on the following dates:

• China-domiciled applicants: Wednesday 7 December 2022 (11:59pm UK time)
• Rest of World-domiciled applicants: Wednesday 31 May 2023 (11:59pm UK time)
• Home applicants: Friday 7 July 2023 (11:59pm UK time)

This course may stay open after these dates if places are still available.

We are committed to welcoming applicants with the greatest academic ability from a diverse student population. To ensure a balanced international student cohort, and recognising that students from different countries tend to apply at different points in the application cycle, we may close earlier in the year to applications from some countries.

Application assessment fee

We’ll ask you to pay a £50 application assessment fee if you’re applying for a postgraduate taught course.

This is an extra one-off charge which is separate to your tuition fees and is payable per application. It covers the work and time it takes us to assess your application. You’ll be prompted to pay when you submit your application which won’t progress until you've paid.

If you're a current or former University of Southampton student, or if you’re applying for certain scholarships, you will not need to pay the fee. PGCE applications through GOV.UK and Master of Research (MRes) degree applications are also exempt. Find out if you’re exempt on our terms and conditions page.

Supporting information

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.

What happens after you apply

You'll be able to track your application through our online Applicant Record System.

We'll assess your application on the strength of your:

• academic achievements
• relevant professional experience
• personal statement
• academic references

We will aim to send you a decision 6-8 weeks after you have submitted your application.

If we offer you a place, you will need to accept the offer within 30 working days. If you do not meet this deadline, we will offer your place to another applicant.

Unfortunately, due to the volume of applications we receive, we may not be able to give you specific feedback on your application if you are unsuccessful.

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.

Email: enquiries@southampton.ac.uk
Tel: +44(0)23 8059 5000