MSc Finance and Risk Management

Our professionally accredited degree provides cutting edge knowledge in finance and financial risk management, equipping you with skills needed for a successful career in these areas.

Finance and Risk Management

Key facts

  • Award Masters / MSc, Postgraduate Diploma, Postgraduate Certificate
  • Start date September 2022
  • Duration MSc full-time: 12 months
  • Mode of study Full-time, Campus based

Accreditations

Global Association of Risk Professionals

GARP AcademicPartner Logo

Overview

The MSc Finance and Risk Management is a Financial Risk Manager partner of the Global Association of Risk Professionals (GARP) and the course covers at least 70% of the GARP body of knowledge along with 100% of the ethics and professional conduct learning objectives required for the FRM Part I examination or FRM Part II examination.

 

By aligning the course with the FRM curriculum, rigorous academic learning is coupled with practitioner-driven insight and certification. Through this combination, students are better prepared to succeed in the challenging field of risk management.

As you study you’ll acquire a broad knowledge of finance, financial theory and the practical methods used to analyse financial data. Further specialist knowledge and analytical skills are developed in financial risk management, including how to identify, measure and manage a broad range of financial risk types including operational risk, foreign exchange risk, liquidity risk and market risk.

You’ll have access to professional financial databases including Bloomberg, Thomson Reuters Eikon, Datastream and S&P Capital IQ. There’s also an opportunity to attend our series of guest lectures by professionals from the industry. All these features help to enhance employability, increase participation, improve learning, and play a part in a world-leading student experience.

Amplify Trading Boot Camp

The course also includes our week-long Amplify Trading Boot Camp. This won the CFA Institute Innovative Delivery of Education (IDEA) global award and gives you the chance to participate in highly realistic computer-based simulations that replicate the experience of trading in financial markets. By letting you trade in a simulated environment with virtual money, the boot camp bridges the gap between an academic understanding of financial markets and how they function in practice.

Student Managed Investment Fund

Our students have established a Student Managed Investment Fund (SMIF), with support of our academics within the Accounting and Finance Division. The SMIF allows you to gain practical experience of managing investments. A student-led project, it will help you to enhance your employability before you graduate – giving you exceptional practical understanding of theoretical aspects of investment valuation. Particular emphasis is placed on the principles of responsible investment, including the use of Environmental, Social and Governance (ESG) criteria when selecting stocks. Find out more about the Student Managed Investment Fund, the regular guest speakers and how you can get involved at the SMIF website.

Top reasons to study with us

Course objectives

This course gives you a broad knowledge of finance and financial risk management. The importance of finance in a both businesses and the wider national and international economy has been heightened following the financial crisis, with an increased need for well qualified risk managers.

You will cover fundamental knowledge related to finance theories, investments, banking and relevant regulations, and you’ll gain an understanding of the different types of risks faced by corporations and markets. You’ll also learn to analyse, model, manage and develop strategies to hedge against risk. In the aftermath of the financial crisis, there is an increased need for a better understanding of corporate risk management, including operational risk, foreign exchange risk, liquidity risk, market risk, interest rate risk, portfolio risk and enterprise risk.

A key part of the course is the opportunity to be creative and gain valuable training experience via real-world experiences such as the Amplify Trading Boot CampStudent Managed Investment Fund and our guest speaker series.

Professional accreditation

The MSc Finance and Risk Management is a Financial Risk Manager partner of the Global Association of Risk Professionals (GARP) and the course covers at least 70% of the GARP body of knowledge along with 100% of the ethics and professional conduct learning objectives required for the FRM Part I examination or FRM Part II examination.

Research overview

Stirling Management School’s mission is to be an exceptional place of research and learning. It combines an established research area of excellence with a high-quality component of the faculty’s course portfolio to include not only Master courses in Finance, Investment Analysis, Banking, Economics and Accounting, but also add the related area of Financial Risk Management.

The University of Stirling Management School is rated among the top 25 in the UK for Business and Management research, according to REF 2014.

Entry requirements

Academic requirements

A minimum of a second class honours degree or equivalent.  Applicants without these formal qualifications but with significant appropriate/relevant work/life experience are encouraged to apply.

Other routes of entry

If you don’t currently meet the academic requirements for this course INTO University of Stirling offers a variety of preparation programmes that can earn you the qualifications and skills you need for direct entry.

Explore INTO Stirling programmes to see the pathway and pre-masters routes available for this course and others at the University of Stirling.

English language requirements

Due to disruption in English Language testing caused by COVID-19, we are accepting alternative English Language tests (including online English Language Tests).

If English is not your first language you must have one of the following qualifications as evidence of your English language skills:

  • IELTS Indicator 6.0 with a minimum of 5.5 in each sub-skill 
  • Cambridge C1 Advanced (CAE) 169 overall with a minimum of 162 in each sub-skill
  • Cambridge C2 Proficiency (CPE) 180 overall with a minimum of 162 in each sub-skill
  • Pearson Test of English (Academic) 60 overall with a minimum of 59 in each sub-skill
  • IBT TOEFL 78 overall with a minimum of 17 in listening, 18 in reading, 20 in speaking and 17 in writing
  • IBT TOEFL Special Home Edition Test 78 overall with a minimum of 17 in listening, 18 in reading, 20 in speaking and 17 in writing
  • Trinity ISE II Pass overall with a Pass in each sub-skill, ISE III Pass overall and in all sub-skills, ISE IV Pass overall and in all sub-skills
  • Aptis (4 skills) CEFR B2 overall and B2 in all sub-skills
  • Duolingo 95 overall with a minimum of 90 in all sub-skills
  • LanguageCert International ESOL B2 Communicator - High Pass overall with minimum 25 in each sub-skill

Last updated: 20 December 2021

If you are from India, Bangladesh, Ghana or Nigeria please also check your country/region specific page for any additional, or changes to, English language requirements.

For more information on ways that you can meet our English language requirements, including options to waive the requirement, please read our information on English language requirements.

Pre-sessional English language courses

If you need to improve your English language skills before you enter this course, our partner INTO University of Stirling offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree.

Find out more about our pre-sessional English language courses.

Course details

The MSc Finance and Risk Management is a one-year, full-time course. The course is designed to equip you with coherent finance and financial risk knowledge, enabling you to:

  • Identify and evaluate types of financial risk
  • Apply modelling techniques relevant to financial risk and
  • Provide critical relevant analysis

You will undertake four taught modules over the autumn semester, and five modules over the spring semester, followed by a supervised dissertation over the summer. The dissertation gives you the opportunity to apply your knowledge by undertaking research on an area that matches your interests and career objectives.

Modules

The module information below provides an example of the types of course module you may study. The details listed are for the current academic year (September 2021). Modules and start dates are regularly reviewed and may be subject to change in future years.

Course Details

Teaching

Teaching is carried out through lectures, seminars, problem-solving lectures, computer workshops and practical case study sessions.

Assessment

The Masters is awarded on satisfactory completion of a dissertation, following the Diploma examinations. Dissertation topics range over all areas of relevance to financial risk management.

Key staff

Quantitative Methods in Finance – Maria Grydaki
Corporate Finance – Kevin Campbell
Contemporary Issues in Banking  - Dr Antonio Parlavecchio​
Economics for Banking and Finance – Maria Grydaki
Risk Management in Banking - Theo Diasakos
Derivatives – Kevin Campbell
Financial Risk Assessment – Dionysia Dionysiou
Empirical Methods in Finance and Accounting – David McMillan
Investments: Fixed Income and Alternative Investments – Patrick Herbst
Investments: Equity Portfolios and Pricing– Dionysia Dionysiou
Behavioural Finance – Patrick Herbst
International Corporate Finance – Dionysia Dionysiou
Investment Regulation and Ethics - Carole Dalgleish
Mergers and Acquisitions – Fredrick Changwony

Fees and funding

Fees and costs

  2021/22 2022/23
Students from the UK£9,350£9,850
Students from the Republic of Ireland£9,350£9,850
Overseas (non-EU) students£20,845£21,345
European Union students£20,845£21,345

Students from the UK

Course fees

Fees shown are for a full-time, one-year Masters course.

If you need to extend your period of study or repeat study, you will be liable for additional fees.

If you are studying part time, the total course fee will be split over the years that you study. The total fee will remain the same and will be held at the rate set in your year of entry.

For more information on courses invoiced on an annual fee basis, please read our tuition fee policy.

Students from the Republic of Ireland

Course fees

Fees shown are for a full-time, one-year Masters course.

If you need to extend your period of study or repeat study, you will be liable for additional fees.

If you are studying part time, the total course fee will be split over the years that you study. The total fee will remain the same and will be held at the rate set in your year of entry.

For more information on courses invoiced on an annual fee basis, please read our tuition fee policy.

European Union students

EU Postgraduate Scholarship

Eligible EU students will automatically receive our EU Postgraduate Scholarship, which provides a 40% fee discount on full-time postgraduate degrees at the University of Stirling.

Course fees

Fees shown are for a full-time, one-year Masters course.

If you need to extend your period of study, you will be liable for additional fees.

If you are studying part time, the total course fee will be split over the years that you study. The total fee will remain the same and will be held at the rate set in your year of entry.

For more information on courses invoiced on an annual fee basis, please read our tuition fee policy.

Overseas students (non-EU)

We offer a range of funding options for overseas students.

Course fees

Fees shown are for a full-time, one-year Masters course.

If you need to extend your period of study, you may be liable for additional fees.

If you are studying part time, the total course fee will be split over the years that you study. The total fee will remain the same and will be held at the rate set in your year of entry.

For more information on courses invoiced on an annual fee basis, please read our tuition fee policy.

Postgraduate tuition fee loans

This course is eligible for a postgraduate tuition fee loan from one of the UK’s governments. See the section, below, for more details.

Additional costs

There are some instances where additional fees may apply. Depending on your chosen course, you may need to pay additional costs, for example for field trips. Learn more about additional fees.

Scholarships and funding

Postgraduate tuition fee loans

Scottish students may be eligible to apply to the Students Award Agency for Scotland (SAAS) for loans of up to £10,000 to cover tuition fees and associated living costs.

English students can apply for a loan of up to £11,570 each year as part of the Postgraduate Masters Loan Scheme.

Welsh students can apply for financial support of up to £18,025 as a combination of grant and loan from Student Finance Wales.

Northern Irish students can apply for a postgraduate tuition fee loan of up to £5,500 from Student Finance NI.

If you have the talent, ability and drive to study with us, we want to make sure you make the most of the opportunity – regardless of your financial circumstances.

Learn more about available funding opportunities or use our scholarship finder to explore our range of scholarships.

Cost of living

If you’re domiciled in the UK, you can typically apply to your relevant funding body for help with living costs. This usually takes the form of student loans, grants or bursaries, and the amount awarded depends upon your personal circumstances and household income.

European Union and overseas students won’t normally be able to claim living support through SAAS or other UK public funding bodies. You should contact the relevant authority in your country to find out if you’re eligible to receive support.

Find out about the cost of living for students at Stirling

Payment options

We aim to be as flexible as possible, and offer a wide range of payment methods - including the option to pay fees by instalments. Learn more about how to pay

After you graduate

As a graduate of our MSc Finance and Risk Management course, you’ll be equipped with fundamental knowledge in finance and financial risk management that will enable you to pursue a career in financial risk management, risk control, risk audit, banking, financial analysis and in general financial services sectors.

The University of Stirling Management School has a dedicated Employability Manager. From the very beginning of the course your career is our focus, and you’ll take part in an innovative week-long global financial trading boot camp run by Amplify.

HigherEd Global Talent Portal

As a Management School student, you'll have access to the HigherEd Global Talent Portal where you’ll find internships, trainee positions, apprenticeships and graduate positions from companies around the world. It helps international students looking for placements back at home and local students that want to explore an international experience.

The global talent portal is in addition to all other existing initiatives and resources available for you through the Careers and Employability Service, and the Target Connect vacancy and events system.

Employability skills

The course provides the analytical skills needed for a successful career in financial risk management, finance and related areas.

Elements of the coursework and dissertation are designed to serve as a portfolio that you can present to the job market.

The course offers you the opportunity to attend guest lectures by professionals, and to participate in the Student Managed Investment Fund and Amplify Trading Boot Camp. These opportunities give you real-world experience that connects your studies with industry.

You'll have a mentor/advisor of studies that will help to enhance the student experience and guide you throughout your studies. The Careers and Employability Service also provide support for CV design, interview skills, and all aspects of careers support.

On successful completion of this programme you will have developed the following graduate attributes:

  • Ability to make correct career choices and strengthen your CV with Finance and Risk Management knowledge
  • Develop your employability skills in risk financial management in particular as well as in general financial sectors
  • Ability to research and conduct critical analysis following guidelines a potential employer may require

Companies we work with

As a student on the MSc Finance and Risk Management you’re given the chance to participate in regular guest lectures. These are typically held on a Wednesday afternoon and are delivered by eminent speakers from leading financial institutions, think tanks, regulatory and professional bodies. Previous speakers include:

Changes at Stirling

Find out about important changes including how you'll be taught, start dates and how we're making campus safer.

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