Programme summary for MSc Risk Management
This programme provides you with a robust appreciation of the distinct and integrated measures taken by managers and specialists to deal with the issue of risk management.
It covers the major areas of financial, operational and enterprise risk and pays due attention to the added international dimensions brought about by globalisation. You will also be trained in strategies of risk reduction, financing and management – both internally and inter-organisationally.
The programme is primarily focused at career preparation and pre-experience in both specialist and general management roles. However it can also enhance existing skills and knowledge and open up possibilities for career progression or specialisation.
About the programme
Why Risk Management?
Risks bring opportunities and this innovative and highly-regarded MSc programme explores a field that is fast becoming an essential strategic arm for industrial, commercial and governmental organisations. You gain a sound theoretical understanding of risk management in the worlds of finance, enterprise and operations, as well as gaining practical knowledge to enable you to judge risk, reduce its impact and to skilfully finance it. Throughout the programme you develop skills and capability through knowledge application in real-world and simulated situations. This provides you with competencies for immediate entry into career situations.
Programme structure
The one-year programme is offered on a full-time basis with the option of September or February start. It is generally also available on a part-time basis (based on student numbers). There are four core modules focusing on managing operational risks, financing risks, measuring and modelling risks and strategic management of enterprise risks. Once these modules are completed you prepare a dissertation/applied project. Delivery is through a combination of lectures, seminars and workshops, skills-based and lab sessions. Assessment is by coursework and group presentations.
Added Value
- The programme offers intermediate awards of Postgraduate Certificate (two modules) and Postgraduate Diploma (four modules).
- Guest lecturers provide ‘on the ground’ insights into risk management and allow you to network within this growing professional community to enhance career opportunities.
- You learn how to use recognised and emerging tools - including IT and e-learning materials - for risk identification, assessment and management.
- The strategic and planning elements of this programme provide valuable transferable skills that open up a variety of career paths.
Career opportunities
This is a vocational programme with applications to a variety of risk management and strategy-focused careers, including finance, auditing, business development, corporate risk, insurance, consultancy, product development, government and disaster response. It also has relevance in general and specialist management roles.
Validation Plans: The programme of MSc Risk Management is recognised both by the Institute of Risk Management (IRM) and Institute of Operational Risk (IOR). Currently we are in the process of acquiring accreditation from these organisations.
For more information see Risk Management MSc Programme Specification.
Support
- A full and relevant Induction Programme to help you get settled in
- Accessible and supportive module tutors and a personal tutor
- Substantial learning and research resources accessible on and off campus
- Computer labs and self study areas, as well as online materials
- A dedicated student support centre with friendly and efficient staff
- Ongoing parallel support programme of English language and study skills
- Student friendly comprehensive lecture notes and handouts
- Personal Development Planning (PDP) and a personal tutor in accordance with UEL policy
- A dedicated project supervisor who is familiar with the topic area and is there to guide and supervise during the specialist research stage
- Training in academic skills and research methods
- UELPlus resources to interact with the lecturers and other students
Admission
For admission to postgraduate business and management programmes, applicants normally need to have either:
- An undergraduate honours degree from a recognised/accredited university with a minimum 2.2 classification, or equivalent. Note that ideally this would be in one of the more numerate disciplines of business, management, technology, engineering or similar – however we will give all applications due consideration, which may include prior work experience or by interview
- Pass in a recognised Premaster’s or Master’s Qualifying Programme
In the case of applicants whose first language is not English, then IELTS 6.0 (or equivalent) is required. International qualifications will be checked for appropriate matriculation to UK Higher Education postgraduate programmes.
Students that apply to enter stages of the programme may be admitted through normal Accreditation of Experiential Learning (AEL) or Accreditation of Certificated Learning (ACL) processes. Therefore such applicants must be able to demonstrate and evidence that they have the required learning outcomes as listed in the modules for which they are seeking exemption.
Postgraduate applicants are normally required to produce two supporting references, at least one of which should preferably be academic.
