Master of Science [M.Sc] (Financial Risk Management)
Field of Study:
£26,964/Yr
Upon successful completion of this MSc in Financial Risk Management at Birkbeck, University of London, students will have the expertise to identify and manage the major sources of risk in the financial markets. Students will understand the role of financial derivative products, their use (and misuse) and how they are priced, and students will be able to analyse financial data and build risk models, detect trends in data, test a given hypothesis and forecast future values. Students will also understand how to build an investment portfolio (of risky assets) and carefully monitor its performance over time.
Birkbeck's postgraduate finance courses are built around our long-running experience in research-led evening teaching. Many of college students work in the finance industry, which generates a lively atmosphere in class and ensures that students will be studying alongside committed, enthusiastic students with a wealth of experience. Students will be taught by active researchers, working at the cutting edge in their respective fields, who are also experienced professional practitioners, giving specialist advice and in-house training to government departments and banks and firms in the City of London. This course is challenging and demanding, so students should demonstrate strong intellectual ability in their application and be willing to work hard.
Highlights
- This course combines a high level of academic rigour with a solid grounding in practical problem-solving skills.
- College have an excellent reputation for the quality of teaching, which includes providing training for the Treasury and the Bank of England.
- Birkbeck's Department of Economics, Mathematics and Statistics enjoys an international reputation and its economics and finance research groups stand among the foremost research groups in the country.
- In the Research Excellence Framework (REF), more than half of college research outputs in Economics were ranked world-leading or internationally excellent.
Important Dates
Event | Application Date |
---|---|
Application Start Date | Oct 15, 2023 |
Tuition Fees
Year | 1st Year Fees |
---|---|
Tuition Fees | £26964 (GBP 26964) |
Eligibility & Entry Requirement
Academic Eligibility:
- Students must a bachelor's degree from an accredited college or university to get admission to this program.
- Students require a minimum GPA of 3 on a 4.0 scale for the program.
- Students should have a second-class honours degree (2:2) or above in a subject.
Indian Student Eligibility:
Indian students are eligible to apply if they meet one of the following eligibility criteria:
- Students must complete a 4-year undergraduate degree with first class in a relevant field from a recognized institution.
- Students need to submit minimum GRE exam scores for a better chance of admission.
- Students are reviewed on their individual merits and professional qualifications and/or relevant work experience will be taken into consideration positively.
- Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.
Required Document List
The following required documents are:
- Resume: Outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
- Academic records: The marks statement provided by the education board after completion of the previous academic qualifications.
- Three Letter of Recommendation: A recommendation letter should include information about the student, their connection with the person they are recommending, why they are qualified, and the specific skills they have.
- Statement of Purpose - This is an essay or any written statement written by the student while applying.
- Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores and Successful applicants typically provide a score in the 50th percentile.
- Transcripts: Official transcripts from all educational institutions students have attended.
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VISA & Work Study
VISA
If students are not from the UK and they do not already have residency here, students may need to apply for a visa.
The visa students apply for varies according to the length of students course:
- Courses of more than six months' duration: Student visa
- Courses of less than six months' duration: Standard Visitor visa
International students who require a Student visa should apply for their full-time courses as these qualify for Student visa sponsorship. If students are living in the UK on a Student visa, they will not be eligible to enrol as a student on Birkbeck's part-time courses (with the exception of some modules).
Career and Placement after Course
Careers and Employability
Graduates can pursue a career in banking and finance, the public sector, industry, and research and analysis. Possible professions include financial risk analyst, economist, or purchasing manager. This degree can also be useful in becoming a management consultant or actuary.
Program graduates are also well-prepared for professional positions in:
- Investment Banking
- Commercial Banking
- Central Banks
- Governments
- Asset-Liability Management
- Risk Management & Consulting
- Primary & Derivative Securities Valuation
- Financial Information Systems Management
- Securities Trading
- Credit Modeling
- Collateral Analysis
- Portfolio Management
- Risk Analysis
- Index Options Analysis
- Business Analysis
Scholarship Grants & Financial Aids
Name | Scholarship Per Student | Level of Study | Type | |
---|---|---|---|---|
National Overseas Scholarship | Scholarship per student£ 15,400/Yr$15,400 | Level Of StudyDoctorate | TypeNeed-Based | |
Aga khan Foundation Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
ASID Foundation Legacy Scholarships | Scholarship per student£ 4,000/Yr$4,000 | Level Of StudyBachelor | TypeMerit-Based | |
BrokerFish International student scholarship | Scholarship per student£ 1,000/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
Gyandhan Scholarship | Scholarship per student£ 1,222/Yr$1,222 | Level Of StudyMaster | TypeMerit-Based | |
QS scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based |
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