Financial Risk Management

MSc, 1 year, full-time

This is for you if... you want to develop the advanced skills and knowledge you need to succeed as a professional in the world of finance and risk management.

Course Description

The MSc in Financial Risk Management is geared towards your professional development and will provide you with a thorough training in risk management, portfolio management, investment analysis and finance. The degree provides an excellent preparation for employment within the finance industry, particularly in an analytical or risk management role.

You will develop a range of range of skills in quantitative analysis, including mathematical techniques, econometrics and programming. The dissertation gives you the opportunity to conduct industry focused research, relevant to your future employment.

As well as gaining a thorough insight into financial risk management, the course will equip you with a command of advanced analytical techniques, computing and research methods for problem solving and the critical evaluation of economic arguments.

To help you develop the skills that leading employers ask for, and let you see how traders work, we have 12 Bloomberg terminals in the University Library. 

Key Facts
Start date
September each year
School of Business

MSc Admissions Advisor
School of Business
+44 (0)116 252 2157 or 5113

School of Business website

Why Leicester?

At Leicester you will be taught by leading experts, who have both an excellent academic reputation and real-world experience.

Academic staff at Leicester have produced research on economic growth and development, economic transition in Eastern Europe, the East-Asia crisis and UK monetary and fiscal policy.

Our staff are regularly consulted by government agencies around the world. We also provide expertise to international economic institutions such as the IMF, OECD and the World Bank.

Course Structure

Semester 1

Semester 1


In addition to the core modules you can take the following courses to complement your study for the GARP Financial Risk Manager (FRM) examinations.

  • Ethics in Finance and Investment
  • Exams preparation for FRM Level 1

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Semester 2

Semester 2

Core modules

Option modules

Choose one option module from:

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Summer Term

Summer Term


Plus your Dissertation

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Additional Information


GARP logoThe Department of Economics is a partner of the Global Association of Risk Professionals (GARP). This means that in studying the MSc in Financial Risk Management you will receive structured preparation for the GARP Financial Risk Manager (FRM) examinations. The FRM designation provides a strong foundation for a career in finance and risk management at leading international firms.

Teaching and Assessment

You will be taught through a combination of lectures, seminars, classes and computer practicals. You will be supported throughout your studies by department staff who are also available for private supervision. Each week on average you will receive six to eight hours of lectures and four hours of seminars.

Your course modules will generally be assessed by a combination of exams and coursework projects. Some modules are assessed by demonstrated skills in computing or by seminar presentation where this is appropriate.

Your dissertation, which should be no longer than 5,000 words, will give you experience of a typical task that you may have to undertake in a graduate role. It will demonstrate a great deal of independent research along with analysis, critical thinking and the application of techniques.

Research Stories

Entry Requirements

2:1 degree or equivalent from a recognised university with economic, business or accounting analysis and some mathematical or statistical content.

English Language Requirements

IELTS 6.5 or equivalent. If your first language is not English, you may need to provide evidence of your English language ability. If you do not yet meet our requirements, our English Language Teaching Unit (ELTU) offers a range of courses to help you to improve your English to the necessary standard.

International Qualifications

Find your country in this list to check equivalent qualifications, scholarships and additional requirements.

Countries list

Fees and Funding

Career Opportunities

Our finance and economics courses have been developed to match the needs of employers and are highly regarded within business and government, whether national or international.

We have a strong history of supporting students throughout their studies and beyond into their future careers. Many of our students have gone on to work in major banks, companies, and governments, or pursued careers in academia and education.

A postgraduate qualification from the University of Leicester is career-changing. It can be the spring board to promotion with your current employer, the platform from which to launch a new career, or simply an aid to becoming more effective in your current role.

If you are already in employment, enhancing your career by studying at postgraduate level gives a clear signal to employers that you are committed to developing your skills and knowledge and have studied to a higher level.

Read about some of our recent graduates.


Our Career Development Service is here to support you, with advice on interviews, CVs, work experience, volunteering and more. From Freshers’ Week to Graduation and beyond, they are here to help you reach your professional goals.

Course Qualification Duration Start Dates Availability
Financial Risk Management MSc 1 year full-time September each year

Not currently available; contact admissions.

Financial Risk Management
1 year full-time
Start Dates
September each year

Not currently available; contact admissions.

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