MSc Risk Management and Financial Engineering
Duration: 1 year full-time
Start date: September 2017
Campus: South Kensington
ECTS: 90 credits
Our Master's degree in Risk Management and Financial Engineering is a highly quantitative course designed for technically-minded graduates who want a deep and analytical study of the subject.
Our students are equipped with the cutting-edge risk management tools and strategies utilised by world leading financial firms.
You will learn how to put the latest academic thinking and business strategies into practice from leading practitioners and world class faculty, giving you a thorough and hands-on understanding of risk management.
During the programme, you will use and have access to Bloomberg terminals, Reuters Eikon, Datastream, Matlab and two bespoke computer labs.
Our graduates are well prepared for jobs in a wide range of industries in the UK, Europe and further afield, with employers including:
- Bank of America Merrill Lynch
- Credit Suisse
- Deutsche Bank
- Goldman Sachs
- Standard Chartered Bank
We are among a handful of business schools worldwide to achieve triple accreditation:
- Association of MBAs (AMBA)
- Association to Advance Collegiate Schools of Business (AACSB)
- European Quality Improvement System (EQUIS)
We have also been recognised for our work in tackling gender inequality in higher education with a Bronze Athena SWAN award.
This degree is accredited by the Professional Risk Manager’s International Association (PRMIA).
Modules shown are for the current academic year, and are subject to change depending on your year of entry.
- Accounting Primer
- Application of Matlab to Finance
- Data Structures and Algorithms using Python
- Empirical Finance: Methods and Applications
- Ethics and Professional Standards in Finance
- Financial Engineering
- Financial Modelling
- Financial Statistics
- Finance Careers Primer
- Investments and Portfolio Management
- Markets and Securities
- Risk Management and Valuation
- Stochastic Calculus for Finance
- The Finance Industry
- Career and Professional Development
- Introduction to Finance
- Introduction to Mathematics
- Plagiarism Awareness Module
- Study Skills
- Advanced Financial Statistics
- Advanced Options Theory
- Asset Allocation and Investment Strategies
- Banks, Regulation and Monetary Policy
- Big Data in Finance
- Computational Finance with C++
- Credit Risk
- Enterprise Risk Management
- Financial Crises and Regulation
- Fixed Income Securities
- International Finance
- Introduction to Algorithmic Trading (International Elective)
- Macroeconomics and Finance for Practitioners (International Elective)
- Private Equity and Venture Capital
- Quantitative Methods in Asset Management
- Structured Credit and Equity Products
- Topics in Corporate Finance
- Topics in Fintech Innovation
- Wealth Management and Alternative Investments
- Applied Project
- Applied Project (Work Based)
- Research Project
Teaching and assessment
- Case studies
- Equipment/technique demonstrations (e.g. Bloomberg, Datastream)
- Formal presentations
- Group work exercises
- Practical classes and field work
- Case Studies
- Formal Presentations
- Multiple Choice Tests Essays
- Written Examinations
The Imperial College Business School has over 60 academics, 10 teaching fellows and 20 researchers supporting teaching and research across the School.
You will receive your course timetable by the beginning of your studies in September. The core teaching hours for the College are 9am–6pm and the Business School will also teach in the evenings beyond 6pm.
Tuition fees and funding
The level of tuition fees you pay is based on your fee status, which we assess based on UK government legislation.
For more information on the funding opportunities that are available, please visit our Fees and Funding website.
Read more about scholarships specific to this degree on the Business School website.
Tuition fees (Home and EU students)
Tuition fees (Islands and Overseas students)
Postgraduate Master's loan
If you are a Home or EU student who meets certain criteria, you may be able to apply for a Postgraduate Master’s Loan of up to £10,000 from the UK government. The loan is not means-tested, and you can choose whether to put it towards your tuition fees or living costs.
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.
There are a number of external organisations also offer awards for Imperial students, find out more about non-Imperial scholarships.
Accommodation and living costs
Living costs, including accommodation, are not included in your tuition fees.
You can compare costs across our different accommodation options on our Accommodation website.
A rough guide to what you might expect to spend to live in reasonable comfort in London is available on our Fees and Funding website.
We welcome students from all over the world and consider all applicants on an individual basis.
For advice on the requirements for the qualifications listed here please contact the Department (details at the bottom of this page).
We also accept a wide range of international qualifications. If the requirements for your qualifications are not listed here, please see our academic requirements by country page for guidance on which qualifications we accept.
Minimum academic requirement
A First or Upper Second Class Honours undergraduate degree from a recognised university, in a highly quantitative discipline such as Mathematics, Engineering, Science or Economics.
Read more about the entry requirements for this course on the Business School website.
The academic requirement above is for applicants who hold or who are working towards a UK qualification.
We also accept a wide variety of international qualifications. For guidance see our Country Index though please note that the standards listed here are the minimum for entry to the College. There is further detail available from the Business School website.
If you have any questions about admissions and the standard required for the qualification you hold or are currently studying then please contact the relevant admissions team.
English language requirement (all applicants)
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.
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.
All of the Business School taught postgraduate programmes require payment of an application processing fee before an application can be submitted. Details of the cost can be found on the Business School website.
For full details on the online application process, or to start your application, please visit the How to Apply section of our website.
An ATAS certificate is not required for overseas students applying for this course.