Course in brief

Since the banking crisis, risk managers have been increasingly sought after. Large companies rely on them to advise on appropriate risk-taking, identify and assess threats, and decide how to avoid, reduce or transfer risks.

Our Finance and Risk Management MSc will develop your knowledge of risk management theory at a company, country and international level, investigating contemporary debates and controversies in risk management. 

This course is part of our Finance MSc programme. All students complete the same core finance modules, then from the end of the first term you will be able to tailor the course to your individual strengths and career aspirations through option modules and the option to specialise in one of five areas. 

The other specialisms offered are:

Scholarships

Scholarships are available for this course. Find out if you are eligible in the fees and funding tab below.

Key facts

Location Brighton: Moulsecoomb

Full-time 1 year

Apply online

Please make sure that you meet the entry requirements before applying. If you have any questions the course team will be happy to help.

Apply now for your place

Entry requirements

Entry requirements

The entry requirements listed here are our typical offer for this course if you wish to begin studying with us in 2017. They should be used as a general guide.

We operate a flexible admissions policy – this means that you could receive a lower conditional offer than the typical offer, informed by our assessment of your complementary non-academic achievements and experiences. For courses that require interview or portfolio review, this may also be considered in the level of any conditional offer that follows if your application is successful.

Degree and experience
Normally a good honours degree or equivalent in a relevant subject is required. Work experience is useful but not essential. Applicants with non-standard entry qualifications may be considered. If you are unsure whether you meet the entry requirements then please contact us.

International students who need help meeting the academic entry requirements should contact our International College.

Applicants who hold an HND or Foundation degree equivalent can take our nine-month Business Bsc top-up degree and then progress onto this masters degree.

For non-native speakers of English
In order to benefit from, contribute to and enjoy the course, a good command of spoken and written English language is required. If English is not your first language, you will need English language proficiency equivalent to an overall IELTS score of at least 6.5, with 6.0 in the written test and a minimum of 5.5 in the other elements.

International students whose language skills do not match the IELTS scores set out above should consider applying for this course through the Extended Masters programme at the University of Brighton's Language Institute.

International equivalencies

International equivalencies by country
 
Albania
Algeria
Argentina
Australia
Austria
Bahrain
Bangladesh
Belarus
Belgium
Bermuda
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Burma (Myanmar)
Cameroon
Canada
Chile
China
Colombia
Croatia
Cyprus
Czech Republic
Denmark
Ecuador
Egypt
Estonia
Finland
France
Germany
Ghana
Greece
Guyana
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kosovo
Kuwait
Latvia
Lebanon
Liechtenstein
Libya
Lithuania
Luxembourg
Macedonia
Malaysia
Malawi
Malta
Mexico
Moldova
Montenegro
Morocco
Namibia
Nepal
Netherlands
New Zealand
Nigeria
Norway
Oman
Pakistan
Palestinian National Authority
Philippines
Poland
Portugal
Qatar
Romania
Russian Federation
Saudi Arabia
Serbia
Sierra Leone
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sri Lanka
Syria
Sweden
Switzerland
Taiwan
Tanzania
Thailand
Tunisia
Turkey
Uganda
Ukraine
United Arab Emirates
United States
Uzbekistan
Venezuela
Vietnam
Yemen
Zambia
Zimbabwe

We can help you meet our English language or academic entry requirements.

Visit our language institute

For English language preparation courses.

Visit our International College

For academic preparation courses.

Course in detail

Course structure

The course is composed of three phases:

  • Phase 1 teaches the core subjects of finance, economics and research methods
  • Phase 2 introduces specialist modules in finance and risk management
  • Phase 3 is the dissertation that draws together the learning from the whole of the programme, allowing you to develop your research skills and capacity for critical analysis while creating a specialisation in a particular field of finance and risk management

All modules on the course involve both taught sessions and guided independent study. For a typical module, approximately 30% of the total hours comprise taught activity, 10% is guided study and supervision, and the remainder is independent study.

Business students

Syllabus

Core modules

  • Economics of Financial Markets
  • Financial Theory and Practice
  • Research Methods for Finance and Economics
  • Dissertation

Specialisms modules

  • Financial Derivatives
  • Financial Risk Management

Option modules (choose one)

  • Advanced Financial Mathematics
  • Applied Econometrics and Financial Time Series Analysis
  • Banking and Financial Institutions
  • Emerging Financial Markets
  • Financial Regulation: Economic Principles and Institutional Frameworks
  • International Portfolio Management
  • Issues in Financial Accounting
  • Issues in Management Accounting
  • Market-making and Investment Strategies
  • Money, Interest Rates and Banking

Completion of your final project (dissertation) takes place throughout the summer after teaching finishes. You submit your project in October and receive your MSc award in December.

Students sitting around desk

Modules in focus

Financial Risk Management

This module introduces you to the most recent developments in the area of risk analysis and risk management. Using the powerful risk management tool Value at Risk (VaR), you will learn to calculate VaR using a number of different methods, and examine the usefulness of VaR against other risk management approaches. You will examine the wide range of financial risks that corporations are exposed to and how to manage those risks.

  • Types of risk
  • The methodology of VaR
  • Parametric approaches to the calculation of VaR
  • Mapping and the Riskmetrics approach
  • Historical simulation, Monte Carlo simulation, stress testing
  • Developments in the analysis and management of credit risk
  • Analysis of non-standard risks such as liquidity, volatility, operational, insurance and weather
  • Use of risk measurement techniques for performance measurement
  • The relationship between developments in financial regulation and risk management
  • Integrated risk management

Financial Derivatives

This module focuses on the application of derivatives securities in risk management and financial engineering. You will learn how derivative securities can be used to deliver a desired payoff, or to manage the risks of a market exposure. The module covers the role of financial engineering and risk management in the banking crisis and the latest post-crisis developments.

  • Review of fundamental concepts in finance
  • Basic tools of financial engineering
  • Forwards and futures
  • Swaps and repos
  • Plain vanilla and exotic options
  • Risk neutral pricing
  • Static and dynamic replication of a portfolio
  • Structured products
  • Credit default swaps
  • Financial asset price dynamics in theory and practice
  • Derivatives and risk management: hedging market exposures
  • Regulatory requirements and VaR
  • Financial innovation and the crisis of 2007–8
  • Risk management and the financial crisis

Dissertation

In the final phase of the course, you will complete a dissertation relating to finance and risk.

The dissertation will be 10,000–15,000 words long. It will address an accounting problem that requires you to undertake research leading to practicable recommendations based on sound analysis and judgement. You will finalise the topic in consultation with the course leader and other specialists in financial risk research.

You will receive help from your dissertation supervisor, who will monitor and support your progress. The dissertation is submitted in October.

business school students

Real-time trading room

As part of your course you will have access to modern computing facilities and specialist computing packages, for students on the Market-making and Investment Strategies module this includes access to our real-time trading room, fed by up-to-the-minute data from Reuters. 

One of a handful of such facilities across the UK, our trading room sessions are supervised by guest traders and provide you with the opportunity to apply your skills to real markets and real data, and make use of simulation software to recreate the pressure of a trading floor. 

We also invite guest traders to discuss curriculum topics, pass on their trading experience and supervise trading sessions.

New_Trading_Room-11

Student trading society 

We highly recommend students join our thriving Student Investment and Trading Society, which is established and run by students for the purpose of organising social and networking events, arranging talks by visiting industry experts and facilitating annual trading competitions against other universities. 

 

Investmenttrading

Learning support

Experienced, professionally qualified lecturers and small class sizes will ensure your learning needs are supported. Online learning tools and libraries also ensure academic journals, e-books, business articles and other resources are available to you 24/7, both for use at the university and at home. 

You will also have access to our Careers Service, including CV checking, mock interviews and advice on setting up your own business. 

Support

 

Staff profile

Robert Hayward, Course Leader
Robert has 15 years' experience of working in the financial services sector, with responsibility for producing economic forecasts and capital market strategies for traders and bank customers.

He has an MSc in Economics and a PhD on Speculation in the Foreign Exchange Market. He joined the University of Brighton in 2011 and his main interests are capital markets, foreign exchange and behavioural finance.

Meet the rest of our finance team on our blog.

Robert Hayward

Robert Hayward, Course Leader

Careers and employability

A postgraduate qualification from Brighton Business School will help you to specialise and stand out in today's highly competitive job market.

Finance and Risk Management MSc graduates are in demand among financial institutions, regulatory bodies, government agencies and risk management divisions in large non-financial companies. 

According to Michael Page’s 2015 annual Banking & Financial Services Survey, employment is expected to grow across the sector, with 45% of respondents expecting an increase in their team’s headcount as levels of optimism have generally improved.

The course is also ideal preparation for continuing your studies at MPhil or PhD level, or working as a professional researcher in finance.


Careers advice and support
Careers Service provides help and advice from the very start of your studies, on subjects including careers counselling sessions, CV checking, mock interviews and advice on setting up your own business. Find out more on our careers service website. 

Careers counsellor
The Business School's career development advisor, Christina Keiller is available to help you to write your CV, prepare for interviews and plan your career. She also works closely with tutors to ensure that our courses teach vocational skills as well as academic ones.

Entrepreneurship network
Beepurple is the university’s entrepreneurship support network. They offer free support for any student or graduate with their business ideas, freelance plan or social enterprise project. Beepurple run events throughout the academic year, designed to equip you with skills that will improve your employability and help you grow a successful business. By taking part in beepurple activities, you will meet like-minded people, hear how other recent graduates have set up their own businesses and gain key enterprise skills that will help you stand out from the crowd.

For more information visit beepurple

Mentoring scheme
Momentum is our award-winning mentoring scheme. It pairs students with professionals who wish to share their experience. Students and their mentors meet regularly to exchange ideas. The scheme helps students to develop new skills and enhance their career prospects.

Fees and funding

Your fees

UK/EU (full-time) 11,790 GBP

International (full-time) 15,570 GBP


Scholarships, bursaries and loans

We offer a range of scholarships for postgraduate students. Bursaries and loans may also be available to you.

Find out more.

The fees listed here are for full-time courses beginning in the academic year 2017–18. Tuition fees are payable for each year that you study with us.

Where UK/EU students are subject to regulated fees, the annual fee increase cannot exceed the UK government’s maximum regulated tuition fee limit set for the relevant year. For all other students, ie those not subject to regulated fees, tuition fees are subject to a maximum annual increase of the higher of 5% or RPI.

You can find out more about our fees in the the university's student contract and tuition fee policy (pdf).

The tuition fee you have to pay depends on a number of factors including the kind of course you take, and whether you study full- or part-time. If you are studying part-time you will normally be charged on a pro rata basis depending on the number of modules you take.

What's included in the fee?

When costs such as health or DBS checks, or use of specialist materials are incurred as a mandatory requirement of the course they are included in your tuition fee.

You may incur additional costs depending on the optional modules or activities you choose. The cost of optional activities is not included in your tuition fee and you will need to meet this cost in addition to your fees. Before you apply check with the school that provides your course using the contact details in the Find out more tab (at the end of this page) for advice about what is included and what optional costs you could face so you can budget accordingly.

See our finance pages for advice about funding and scholarships as well as further information about fees and advice on international and island fee-paying status.

Location and living here

Location

About Brighton

Brighton has been called the happiest place in the UK, and it’s easy to see why. With five miles of pebble beach, more than 300 pubs and a packed festival calendar, Brighton is the ideal place to spend your student years.

Arts and culture: The Royal Pavilion is the most famous landmark in Brighton, opening its doors to around 400,000 tourists every year. Right next door is the Brighton Dome, the south coast’s premier multi-arts venue, and the Brighton Museum & Art Gallery, which holds a diverse collection of decorative arts, textiles and archaeological artefacts.

Festivals: The Brighton Festival is now the largest arts festival in England and a major milestone in the international cultural calendar. Meanwhile, The Great Escape has been established as the UK’s leading event for new music, with over 300 bands playing 30 venues across the city over three days.

Nightlife: Aside from the many nightclubs that line the city’s seafront, student favourites include The Haunt, Concorde 2 and Patterns, which attract leading bands and DJs from around the world. If you don’t feel like dancing, you can take your pick from the many hundreds of pubs and bars that dot the city centre.

Shopping: The quirky North Laine district houses Brighton’s finest collection of boutique shops and independent cafes, while the narrow, winding streets of the South Lanes house collections of jewellery and antiques. Churchill Square is the city’s main shopping centre and serves all of your high street needs.

Sports: Brighton’s seaside location offers the perfect opportunity to try paddle boarding, kayaking and windsurfing. Further into the city, The Level has a skate park for skateboarders and BMX riders to practise their skills.

i360 and ticket booth on the seafront  What to expect enriching experiences

Campus where this course is taught

Moulsecoomb campus

Just two miles north of Brighton city centre and the seafront, Moulsecoomb is the largest of our five campuses with more than 8,000 students. A wide variety of subjects are taught here, from engineering and product design to business and law.

Students benefit from many professional-standard facilities, including a flight simulator, design and digital media suites, and specialist research laboratories. The campus library, Aldrich, offers long opening hours and a diverse collection of books and journals for students from all subject areas.

Sports enthusiasts will enjoy our basketball and badminton courts, fitness suite and climbing wall. The campus is also a few minutes walk from the South Downs National Park, providing a great place to relax during the summer months.

Accommodation

Brighton

Our Brighton halls of residence are located across the city in Grand Parade, Moulsecoomb, Varley Park and Falmer.

Our Grand Parade campus is in central Brighton and has one hall of residence, Phoenix Brewery, within walking distance. We have around 300 rooms available in Phoenix Brewery, which are all ensuite and self-catered.

Moulsecoomb is two miles from the city centre and also has one hall of residence, Moulsecoomb Place, on campus. All accommodation in Moulsecoomb Place is catered, offering breakfast and an evening meal during term time. There are more than 150 rooms available here, with six to eight rooms per flat.

Varley Park offers the biggest choice of student accommodation with ten halls of residence. The site is four miles from Brighton centre but within walking distance of Falmer train station.

Falmer campus has two halls of residence: Great Wilkins and Paddock Field. Great Wilkins offers 150+ self-catered single rooms and one-bed couples flats, while Paddock Field offers 450+ catered and self-catered single rooms only. All rooms in Falmer are en-suite.

Aside from halls, you have the option of Unihomes, which we let out to our students on behalf of private landlords. The rent covers all utilities and includes £5,000 of contents insurance for your personal belongings.

You can also choose to join the many students who live away from campus in private rented accommodation. We have a list of high-quality, university-endorsed private sector accommodation and can help you find housemates to move in with.

Find out more on our Brighton accommodation webpages and if you have any questions, our accommodation team will be happy to help. You can contact them by email at accommodation@brighton.ac.uk or by telephone on 01273 644100.

Paddock Field

Moulsecoomb Place


  

Maps

house Accommodation
campus University building

Moulsecoomb campus map

 

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