MSc Finance and Risk Management

Course summary

Overview

This course is ideal if you have a good first degree and want to benefit from a unique set of skills that will enhance your employment and personal development opportunities.

The rising volatility of financial markets, sovereign debt crises and geopolitical uncertainty place significant demands on businesses and other organisations as they strive to manage the potential impact of these risks on the strategic functions of the organisation – especially in its financial management. This course aims to improve your skills as a practising professional, helping you play a senior role in financial and risk management.

Why choose this course?

The demand for finance professionals with a competent grasp of risk management principles has never been greater, and because we sit at the heart of London’s Golden Mile, we are in a unique position to connect our students, faculty and businesses together.

Our proximity to both Thames Valley’s M4 corridor, Heathrow Airport and the City of London is a bonus for students and means there’s no better place to study.

Ruchika – Finance and Risk Management


“The course was challenging. I had a very helpful programme leader. I most enjoyed studying Credit Risk Management.” 

Ruchika Sahni, MSc Finance and Risk Management graduate.



Tutor Information

The Finance and Risk Management teaching staff includes:  

Professor Chin-Bun Tse who has published over 30 widely cited and well-circulated papers in several academic journals including ACCA, CIMA and AIA. 

Liana Hayrapetyan who obtained her MBA in Finance and Corporate Accounting from Simon School, University of Rochester, NY, USA and her MSc in Economics from Yerevan State University, Armenia. 

Dr Piotr Konwicki who has over 20 years of experience in both teaching and practising finance. His PhD thesis on 'Technical Barriers to Trade between Poland and the EU' became part of the Polish White Paper during the country’s EU accession negotiations.

The Claude Littner Business School

The University of West London is proud to offer students the opportunity to study at the Claude Littner Business School. We have strong links with national and international employers and our graduates find employment in multiple sectors – often in senior positions.

We’re a leading provider of national and international business and finance education – we can give you the knowledge and skills to flourish and to get your ideas off the ground.

When you graduate from the Claude Littner Business School, you join an ever-growing and impressive list of alumni.

The Claude Littner Business School launch with Alan Sugar and Claude Littner

The business school was launched by Alan Sugar in 2014 and named in honour of the University alumnus Claude Littner.

Career and study progression 

This course has been developed in consultation with industry professionals to equip you with the competitive skills that will make you highly employable in this field. You'll learn using live industry simulations, through which you'll be exposed to systems and problems that real-world professionals encounter.

After completing your studies, you may want to consider applying for a doctoral course.


Course detail

Modules

  • Corporate Financial Management
  • Capital Markets and Decisions Under Risk
  • Corporate Responsibility
  • Financial Risk Management
  • Managing Credit Risk
  • Global Financial Crises
  • Research Methods
  • Research Dissertation.

Corporate Financial Management
This module gives you a thorough grounding in the theories and techniques that underpin corporate finance - and the rest of the course builds on what you learn here. You will focus on advanced issues in finance, including money market securities, bond markets and the yield curve, share markets, foreign exchange, derivatives, portfolio theory, and efficient markets.

Capital Markets and Decisions Under Risk
In this module, you will develop your financial decision-making skills under conditions of risk and uncertainty, in the context of capital markets trading. With the aid of a simulator, you will have access to real-time price and volume data, and develop experimental trading systems that account for pertinent risk factors. You will then test your trading plans using real-time data and hypothetical scenario building, gaining confidence in applying methodical approaches to financial decisions under conditions of risk and incomplete information. You will also gain knowledge of the structure and operation of capital markets.

Corporate Responsibility
Here you will develop an understanding of the nature of business ethics, corporate governance and social responsibility. This module looks at how organisations achieve effective corporate performance by managing values and beliefs, and helps you formulate and apply norms and codes of ethical behaviour to operations and conduct.

Financial Risk Management
This module covers relevant themes in probability theory and the value-at-risk framework for assessing and managing market risk. It covers topics such as value-at-risk modelling, application equity and Forex markets, and derivatives. You will also learn how to build computer models, to model for risk.

Managing Credit Risk
In this module, you will gain a strategic overview of credit risk management as it relates to financial and non-financial firms, and its relevance to the wider economy. You will understand the framework for the analysis of credit risk, and learn credit risk modelling techniques.

Global Financial Crises
The incidence of financial crises that trigger economic seismic waves, both nationally and with international consequences, is more frequent than people think. These extreme risk events tend to break down the normal assumptions of operational risk models. They can be subtle, developing over time, and their cause may be intertwined with other factors - but their impact is almost always momentous. This module studies the characteristics of significant financial crises, including the banking crisis of 2008, to document the 'anatomy' of such events. You will also look at the writings of respected thinkers in this field.

Research Methods
This module gives you comprehensive training on conducting research at postgraduate level, in preparation for your Research Dissertation.

Research Dissertation
Your dissertation is your opportunity to demonstrate your mastery of a particular subject area by completing an extended piece of self-managed research. You will have the chance to present your research to representatives from academia, industry and government at the University's annual colloquium. If your dissertation is rated 'excellent', it will be published in the library, and you will be able to publish a journal paper based on your research.

Entry requirements

Applicants must have a minimum of a 2.2 honours degree (or equivalent) in any discipline and demonstrate quantitative skills proficiency at least up to A Level Mathematics (or equivalent). Relevant work experience is also considered.

International students need to meet our English language requirement at either IELTS at 6.5 or above, and a minimum of 5.5 for each of the 4 individual components (Reading, Writing, Speaking and Listening).

In some countries where teaching is in English, we may accept local qualifications. Please visit http://www.uwl.ac.uk/international/your-country to check for local equivalencies.

We offer pre-sessional English language courses if you do not meet these requirements. Find out more about our English Language courses

Fees

Fees for home and EU students

Main fee
£7,200

Fees for overseas students

Main fee
£11,500
Find out if you are a home or overseas student.

Funding

A range of loans, bursaries and scholarships are available to help you fund your studies.

Students on some Masters courses may be eligible to apply for a Postgraduate Loan of up to £10,000 as a contribution towards their course and living costs. Find out how to apply for a Postgraduate Loan on GOV.UK

Other loans available to postgraduate students include Professional and Career Development Loans, which also allow you to borrow up to £10,000.  Find out more about Loans on GOV.UK

Additional funding is available to some types of students, such as disabled students. Find out more about funding opportunities

Within the university, we offer a range of scholarships and bursaries including:

  • The William Brake Bursary: a £1,000 award for candidates on undergraduate or postgraduate degree courses
  • The Mollie Clay Scholarship: a £2,500 scholarship awarded to an outstanding student
  • Exclusive alumni discounts: a £2,000 discount on taught postgraduate courses or a 10% discount on research courses, exclusive to students who graduated from the University of West London.

Other scholarships are also available, including awards for specific subjects. Find out more and check your eligibility for the scholarships and bursaries listed above.


Please note fees are paid for each year of study unless otherwise stated. You will be required to re-enrol and pay fees at the beginning of each academic year. Fees may be subject to government regulations on fee increases. Future inflationary increases will be applied to each subsequent year of the course, subject to government regulations on fee increases.

How to apply

Apply for this course

UK and EU students

You can apply for most of our Postgraduate Certificates, Postgraduate Diplomas and Masters’ Degree courses using our online application system.  Simply click the red ‘apply now’ button above.

Your application will be dealt with by our Admissions team who will be in touch with you.

If you are applying for a research degree (MPhil or PhD), you will need to submit: a CV, research proposal, transcript of academic qualifications and online application form.  Full details of how to apply for research degrees

International students

To apply for a Masters’ Degree course, please complete our online application form for international students or you can download the print version (Word, 186kb).

You can also review the relevant information about the qualifications we accept from your country and our English language requirements, as well as details about your visa application.

If you are applying for a research degree (MPhil or PhD), you will need to submit: a CV, research proposal, transcript of academic qualifications and online application form.  Full details of how to apply for research degrees

More about the application process for international students.

More about how to apply for postgraduate courses.

 

During the course

What our students say

Ruchika Sahni, MSc Finance and Risk Management

"Three words to describe my university experience: I loved it.

The course was challenging. I had a very helpful programme leader. My favourite aspect of university life was getting involved with the Student Union team.

I most enjoyed studying Credit Risk Management.

Next Step for me would be to return to India and work for a bank.

In five years' time I see myself working at management level and studying for my PhD."

Jobs and placements

Career and study progression

Developed in consultation with industry professionals, this course equips you with competitive skills that will make you highly employable in this field. You will learn using live industry simulations, through which you will be exposed to systems and problems that real world professionals encounter - and with this experience, you will be proficient as well as employable.

Study progression

After completing your studies, you will be eligible to apply for a doctoral course.