Finance and Risk Management MSc

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:

Key facts

Location Brighton: Moulsecoomb

Full-time 1 year

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

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Entry criteria

Entry requirements

The entry requirements listed here are our typical offer for this course if you wish to begin studying with us in 2018. 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 Management 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 here should consider applying for this course through the Extended Masters programme at the university'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.

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.

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.

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.

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.

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.

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, 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) 12,085 GBP

International (full-time) 15,660 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 about postgraduate fees and funding.

The fees listed here are for full-time courses beginning in the academic year 2018–19.

Further tuition fees are payable for each subsequent year of study and are subject to an annual increase of no more than 5% or RPI (whichever is the greater). The annual increase for UK/EU students, who are subject to regulated fees, will increase no more than the statutory maximum fee.

You can find out more about our fees in 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

Forward-thinking and welcoming, the city of Brighton & Hove is a community of creative and diverse people who share values like sustainability and inclusivity – just like its university.

Miles of pebble beaches, hundreds of bars, restaurants and clubs, a packed calendar of culture, music and sport and great independent and high street shopping attract visitors from all over the world. By the end of your course you’ll still be finding new things to enjoy about the city.

The Brighton Festival, England’s largest arts festival, takes place every May – as does the Great Escape Europe’s leading industry showcase for new music, 300 bands perform over three days at venues across the city. Major events celebrate Pride, digital culture, cinema, photography, food and the winter solstice. Our own Brighton Graduate show is a highlight, turning the university into the largest exhibition space in the south east as we celebrate the outstanding creativity of our students.

As a student here you’ll have a unique opportunity to experience what the city has to offer. Volunteering and placement opportunities enable you to play your part in the events, organisations and communities that make Brighton such a compelling place to be.

Campus where this course is taught

Moulsecoomb campus

Two miles north of Brighton seafront, Moulsecoomb is our largest campus. Subjects taught here include architecture, business, computing, construction, engineering, geography, product design, law and pharmacy.

On campus you will find professional-standard facilities including a flight simulator, trading room, design and digital media suites and specialist research laboratories, alongside the library, student centre, a nursery, fitness facilities and Students’ Union. There are excellent public transport links.

The Big Build
A major transformation of our Moulsecoomb campus begins in summer 2018. By summer 2020 there’ll be 400 student bedrooms in new halls of residence (with another 400 by summer 2021), a new academic building and a new Students’ Union and fitness facilities – all created with sustainability, inclusivity and community in mind.

As the development grows it will provide many exciting learning opportunities for our students, ranging from live projects, placements and internships with the companies involved to guest lectures and site visits.

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Accommodation

Brighton

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

Grand Parade is in central Brighton and has one hall of residence, Phoenix Brewery, within walking distance.
Moulsecoomb is two miles from the city centre and also has one hall of residence, Moulsecoomb Place, on campus.
Varley Park offers the biggest choice of student accommodation with ten halls of residence.
Falmer campus has two halls of residence: Great Wilkins and Paddock Field.
Varley Park and Falmer are around four miles from Brighton centre; there are good public transport services nearby.

Aside from halls, you have the option of Unihomes, which we let out to our students on behalf of private landlords. We recommend Unihomes and House Share when you’re balancing learning with placements, shifts and other commitments, because they give you more choice and flexibility.

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 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