MSc students at the Business school

Duration: 1 year full-time
Start date: September 2017
LocationSouth Kensington
ECTS: 90 credits

This course is now open to applications for 2017 entry.

This highly technical programme equips students with the cutting-edge risk management tools and strategies utilised by world leading financial firms.

About the course


Designed for recent graduates with a good quantitative undergraduate degree and a highly analytical mind, the one-year MSc Risk Management & Financial Engineering programme equips students with the cutting-edge risk management tools and strategies utilised by world leading financial firms.

The Business School is partnered with the Professional Risk Managers’ International Association (PRMIA), offering students on this programme the opportunity to attend PRMIA events, have access to their resources and benefit from considerable discounts on PRMIA exams.


Modules shown are for the current academic year, and are subject to change depending on your year of entry.

This programme comprises nine or ten taught modules and an end of year project. Six are core modules, taken during the first two terms. The three or four elective modules are taken during the spring and summer terms.

You will devote the summer to the completion of the project. Students can either opt to pursue a traditional research project (10,000 words) or an 'Applied Financial Research' report (3,000 words), together with an additional elective.


Pre-study modules (online)
  • Accounting Primer
  • Career and Professional Development
  • Introduction to Finance
  • Introduction to Maths
  • Plagiarism Awareness
  • Study Skills
Foundation modules
  • Application of MATLAB to Finance
  • Financial Modelling
  • Mathematical Finance
  • Markets and Securities
  • The Finance Industry
Core modules
  • Empirical Finance Methods and Applications
  • Financial statistics
  • Financial Engineering
  • Investments and Portfolio Management
  • Risk Management and Valuation
  • Stochastic Calculus
  • Visual Basic for Applications (VBA)
  • Ethics and Professional Standards in Finance (online module)
Elective modules
  • Advanced Corporate Finance
  • Advanced Financial Statistics
  • Advanced Investments
  • Advanced Options Theory
  • Credit risk
  • Enterprise Risk Management
  • Financial Crises: Regulation and Ethics
  • Fixed-Income securities
  • International Finance
  • International Elective: Macro and Finance for Practitioners
  • Insurance
  • Private Equity and Venture Capital
  • Structured Credit and Equity Products
  • Wealth Management and Alternative Investments
  • Real Estate Investment
  • Topics in Corporate Finance

Entry requirements

Academic requirements

For the academic requirements for this course please see the Imperial College Business School website.

International qualifications

We accept a wide variety of international qualifications. Please see the Business School's International Entry Requirements for guidance.

English language requirements

All candidates must demonstrate a minimum level of English language proficiency for admission to the College.

For admission to this course, you must achieve the higher College requirement in the appropriate English language qualification.

For details of the minimum grades required to achieve this requirement, please see the English language requirements for postgraduate applicants.

Fees and funding

Home and EU students

2017 entry:


Islands and overseas students

2017 entry:


Government funding

The level of tuition fees you pay is based on your fee status, which we assess based on UK government legislation.

If you are a Home or EU student who meets certain criteria, you can apply for a Postgraduate Master’s Loan of up to £10,000 from the UK government for programmes beginning in October 2016. The loan is not means-tested, and you can choose whether to put it towards your tuition fees or living costs. 

Funding from Imperial


We offer a range of scholarships for postgraduate students to support you through your studies. Try our scholarships search tool to see what you might be eligible for.

For more information on the Postgraduate Master's Loan scheme and other funding opportunities that are available, please visit our Fees and Funding website.

How to apply

All applicants must apply online.

You can usually apply for up to two courses, although your second choice will only be considered if your first-choice application is unsuccessful.

Most courses don't have a formal closing date, but popular courses close when they are full, so you should apply early to avoid disappointment. There may also be funding deadlines that apply to you.

You will need to upload documents with your applications, which may include transcripts and degree certificates.

Offer holders will need to pay a deposit to secure your place. This will be deducted from the balance of your tuition fees.

For full details on the online application process, or to start your application, please visit the How to Apply section of our website.

ATAS Certificate

An ATAS certificate is not required for overseas students applying for this course.

Find out more

Visit the Imperial College Business School website to: