How can we prevent another financial crisis? Is it by better understanding risk in financial securities? Can improving the way we measure and manage risk create stability in the financial world?
The after effects of the 2008 financial meltdown are still being felt across the globe. We need knowledgeable financial professionals who can evaluate risk, act rationally and understand the economic impact of their actions in order to find solutions. If you can rise to the challenge of making ethical, sound financial decisions in pressurised environments, MSc Financial Engineering and Risk Management is for you.
You follow advanced, contemporary study in financial engineering and risk management and develop a deeper understanding of the risks within modern financial securities. You also become skilled in the design of robust management systems to measure risk. Upon graduation, you should possess the skills and knowledge for a successful career in commercial, investment and central banks, hedge funds, regulatory authorities and rating agencies.
You master areas including:
MSc Financial Engineering and Risk Management is taught at Essex Business School, home to one of the largest, and most respected, finance groups in the UK. Our teaching is grounded in contemporary issues and professional practice, supported by industry-standard facilities, such as our Bloomberg virtual trading floor.
We’re ranked in the top 25 in the UK for research excellence (REF 2014) and are home to an international community of scholars, practitioners and academics; our current Masters students join us from more than 40 countries.
This course is also available to study part-time and you may be able to apply for scholarships and discounts offered by the University of Essex. Essex Business School also offers a limited number of scholarships for the CFA® level one exam to exceptional Masters students. The University of Essex is a member of the CFA Institute University Affiliation Program. CFA is a registered trademark owned by CFA Institute.
Postgraduate loans for Masters courses are now available from the Student Loans Company, worth up to £10,000, for students from the UK and EU.
We’re home to Essex Finance Centre, which produces research at the cutting-edge of financial debate.
Work by our expert staff has been discussed in the Bank of England, the European Central Bank and the Federal Reserve, so you join a business school that seeks to make a real difference to solving financial challenges around the world.
We combine academic experience with industry expertise and are renowned for research into:
You’re based at our Colchester Campus, in our landmark zero carbon building.
Our Colchester home is an example of our dedication to sustainable and ethical business practices. Its design is both environmentally friendly and architecturally stunning, with a winter garden and sun terrace contributing to the building’s own micro-climate and providing a tranquil environment for group working and socialising. Our Bonds café is located on site, making a great space for reviewing course notes before lectures.
Our virtual trading floor, complete with Bloomberg Financial Market Labs, enables you to practice dealing stocks and securities using industry-standard equipment. You can also benefit from our study skills workshops, designed to help you excel in your academic work.
Our building is also located on the University’s Knowledge Gateway, providing potential opportunities to network with inspiring SMEs who locate their businesses on our Colchester Campus.
An Essex Business School education is founded on creativity, innovation and ethical awareness to prepare you for the challenges of the global marketplace. In 2016, 87% of our postgraduate taught students were in work or further study (DLHE 2016).
Our course provides you with the opportunity to develop a career in financial analysis, management, public administration and accountancy, as well as fostering your entrepreneurial spirit.
Many of our graduates work for high-profile organisations and innovative SMEs such as:
We’re also proud of our student entrepreneurs, including international business incubator 0100Ventures and entrepreneurship website SlovakSTARTUP.
We provide plenty of support along the way to help you secure your dream job. Our dedicated employability team work closely with the University’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities. There is also access to employer talks on campus.
“The professors have strong research backgrounds, but they are also great at teaching. My lecturers were always willing to answer any questions about my course, assignments or career advice. I now work at the Inter-American Development Bank, introducing Green Bonds to the Mexican market. My Masters equipped me with the skills I use in my current role, such as financial analysis, credit risk analysis, programming skills and statistical tools for cash flow and forecast models.”
Daniel Castineyra, MSc Financial Engineering and Risk Management (2014)
A 2:2 degree containing core modules relating to Mathematics (calculus), quantitative finance/methods or Econometrics (probability, statistics) (also see key modules)
We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.
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The University uses academic selection criteria to determine an applicant’s ability to successfully complete a course at the University of Essex. Where appropriate, we may ask for specific information relating to previous modules studied or work experience.
Most of our courses combine compulsory and optional modules, giving you freedom to pursue your own interests. All of the modules listed below provide an example of what is on offer from the current academic year. Our Programme Specification provides further details of the course structure for the current academic year.
Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.
The example structure below is representative of this course if taken full-time. If you choose to study part-time, the modules will be split across 2 years.
Fees will increase for each academic year of study.
We hold Open Days for all our applicants throughout the year. Our Colchester Campus events are a great way to find out more about studying at Essex, and give you the chance to:
If the dates of our organised events aren’t suitable for you, feel free to get in touch by emailing firstname.lastname@example.org and we’ll arrange an individual campus tour for you.
You can apply for our postgraduate courses online. You’ll need to provide us with your academic qualifications, as well as supporting documents such as transcripts, English language qualifications and certificates. You can find a list of necessary documents online, but please note we won’t be able to process your application until we have everything we need.
There is no application deadline but we recommend that you apply before 1 July for our taught courses starting in October. We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.
Home to over 13,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.
The Campus is set within 200 acres of beautiful parkland, located two miles from the historic town centre of Colchester – England's oldest recorded town. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.
If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Colchester Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.
Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.
At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.
The University makes every effort to ensure that this information on its course finder is accurate and up-to-date. Occasionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep prospective students informed appropriately by updating our programme specifications.
The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.
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