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Master’s in Risk Management in the UK

Risk management is the identification, assessment, analysis and minimisation of risks in business. In a Master’s in Risk Management program, students learn about techniques and strategies implemented to avoid those risks. If you want to study this topic at the graduate level, consider earning your degree from a school in the UK if you are looking for a quality educational experience.

What Is a Master’s in Risk Management?

Master’s in Risk Management programs provide students with the knowledge and technical skills needed to work in the field. In these programs, students explore fundamental finance theories and learn about financial models. They additionally learn about the use of these theories and models in measuring and managing risk. Students may also use programming tools to develop and implement financial models. In a Master’s in Risk Management program, individuals can also gain an understanding of the application of mathematical tools to solving financial problems. These problems are typically related to risk and risk management.

Some core courses in a graduate-level risk management program could include econometrics, risk analysis and financial markets. Students may be able to take some specialised courses as well. These might include topics such as corporate finance, hedge fund risk management, applied computational finance and empirical asset pricing. Depending on the specific program, students might explore other topics such as bank regulation and the role of financial regulation.

Students who study risk management can gain both practical and theoretical knowledge in key areas of risk management. They can learn how to apply concepts, methods and techniques in risk management in organisational contexts. Some programs allow for the exploration of related disciplines to produce well-rounded students. These may include insurance, business and IT systems.

What Are the Benefits of Getting a Master’s in Risk Management in the UK?

Earning a Master’s in Risk Management in the UK is highly beneficial. With a Master’s, you can greatly improve your career prospects. This is due to the advanced training provided by postgraduate degree programs. In addition, most qualifications from UK institutions will be recognised worldwide. This is an excellent benefit in the modern international work environment. In addition to this, a Master’s may get you a higher salary. There are multiple other reasons students earn degrees in the UK:

  • The opportunity to attend schools with outstanding risk management programs. Some of them include Imperial College London, the University of Glasgow and the University of Southampton.
  • The chance to meet people of various cultures.
  • The ability to study in a country with a world-renowned education system.

If you would like to study abroad in the UK, know that there are several advantages to this. For instance, the experience of a new culture in a different country can help you develop your personal skills. These may include independence and adaptability. These are valued in the workplace.

What Kind of Career Can You Expect With a Master’s in Risk Management?

Those with a Master’s in Risk Management gain the knowledge and skills to be qualified for positions with a variety of different employers. Some of these can include investment banks, central banks, business management firms, IT firms and insurance agencies. Others include government organisations and consultancy firms. Graduates may become personal financial planners, financial managers or claims adjusters. Other possible job titles might include actuarial assistant, financial analyst, risk manager, product analyst, actuarial analyst and insurance sales representative.

Risk managers are responsible for advising organisations on any possible risks they may face. These might involve profitability or the overall operation and existence of the company. These professionals determine what threats exist. They then develop and implement plans and strategies for if the threats become real. Risk managers also may manage more than just the risks to the company. They can manage risks involving customers, employees, stakeholders and assets. They have many duties:

  • Planning and implementing risk management processes.
  • Identifying the level of risk an organisation can accept.
  • Reporting risks to different people in the company.
  • Establishing risk awareness throughout the company.
  • Taking costs, environmental factors and legal requirements into consideration.

Financial analysts have the responsibility of determining the value of a company and what their future business prospects are. They analyse financial data and create business forecasts. This makes investment decision making easier.

If you would like to work in this field and improve your career prospects, earn your Master’s in Risk Management in the UK. Begin today by exploring your school options.  

University of Gloucestershire

Cheltenham, United Kingdom

  • 105SchoolApply Rank
  • USD 17,415Average Tuition
  • 0Acceptance Rate

University of Gloucestershire (Gloucestershire) has multiple campuses across Gloucestershire and Cheltenham, United Kingdom. Students at Gloucestershire are offered a wide range of master’s degree programs through its 8 academic schools, including: School of Art and Design; School of Liberal and Performing Arts; School of Natural and Social Sciences; and the School of Media....

University of West London

London, United Kingdom

  • 117SchoolApply Rank
  • USD 14,013Average Tuition
  • 0Acceptance Rate

University of West London with campuses in Ealing and Brentford in London, UK offers undergraduate and postgraduate studies through its eight schools: the London School of Film, Media & Design; Claude Littner Business School; School of Computing and Engineering; London College of Hospitality and Tourism; Ealing Law School; London College of Music; College of Nursing, Midwifery and Healthcare; School of Psychology, Social Care and Human Sciences....

University of Dundee

Dundee, United Kingdom

  • 177SchoolApply Rank
  • USD 19,964Average Tuition
  • 80%Acceptance Rate

The University of Dundee (DU) is a public research university located in the city of Dundee, Scotland. The University has dedicated faculties through which it delivers master's degree programs to both local and international students ...

Queen's University Belfast

Belfast, United Kingdom

  • 178SchoolApply Rank
  • USD 17,553Average Tuition
  • 0Acceptance Rate

Queen's University Belfast (Queen's) is a public institution located along the University Road in Belfast, Northern Ireland, UK. Queen's offers a wide range of master's degree programs across its three academic faculties namely: Arts, Humanities and Social Sciences; Engineering and Physical Sciences; and Medicine, Health and Life Sciences....

University of Strathclyde

Glasgow, United Kingdom

  • 300SchoolApply Rank
  • USD 22,697Average Tuition
  • 50%Acceptance Rate

University of Strathclyde (Strathclyde) is a public institution located in Glasgow, Scotland, UK. Strathclyde offers a wide range of master's degree programs across its four academic faculties namely: Engineering, Humanities and Social Sciences, Science, and Strathclyde Business School....

University of Portsmouth

Portsmouth, United Kingdom

  • 437SchoolApply Rank
  • USD 18,425Average Tuition
  • 37%Acceptance Rate

The University of Portsmouth (UOP) is located in Hampshire, United Kingdom. UOP offers over 100 master’s degree programs through its 5 academic faculties, namely: Faculty of Business and Law; Faculty of Creative and Cultural Industries; Faculty of Humanities and Social Sciences; Faculty of Technology; and the Faculty of Science....

Glasgow Caledonian University

Glasgow, United Kingdom

  • 447SchoolApply Rank
  • USD 15,108Average Tuition
  • 0Acceptance Rate

Glasgow Caledonian University (GCU) is a public university located in Glasgow, Scotland. GCU offers a wide range of master's degree programs through its academic schools namely: School of Engineering and Built Environment; Glasgow School for Business and Society; School of Health and Life Sciences; and GCU London....

Bournemouth University

Poole, United Kingdom

  • 506SchoolApply Rank
  • USD 15,454Average Tuition
  • 71%Acceptance Rate

Bournemouth University (BU) is located in Bournemouth on the South coast of England, United Kingdom. BU offers over a 100 master's degree courses through 4 academic faculties, namely: Faculty of Health and Social Sciences; Faculty of Science and Technology; Faculty of Media and Communication; and the Faculty of Management. BU also offers courses through The Business School....

University of Hertfordshire

Hatfield, United Kingdom

  • 517SchoolApply Rank
  • USD 15,598Average Tuition
  • 0Acceptance Rate

The University of Hertfordshire (UH) is located in the town of Hatfield, Hertfordshire, United Kingdom. UH offers over 100 master’s degree programs through its 11 academic schools, including: The School of Education; School of Engineering and Technology; School of Physics Astronomy and Mathematics; and the School of Humanities....

University of East London

London, United Kingdom

  • 526SchoolApply Rank
  • USD 18,392Average Tuition
  • 71%Acceptance Rate

University of East London (UEL) is a public university located in Newham, London, UK. The university has a dedicated faculty through which it delivers master's degree programs to local and international students....