In today's ever-changing and complex global landscape, the field of risk management has emerged as a crucial discipline, offering solutions to navigate uncertainty and protect assets. For ambitious students seeking to delve into this captivating field, the UK stands as a leader in academic excellence, offering a variety of risk management degrees at some of the best universities in the world.
Top 10 UK Universities to Study a Risk Management Degree
1. University of Oxford
The Project Risk Management short course at Oxford offers a clear and practical understanding of project risk management, drawing on industry best practices and the PRAM guide by the Association for Project Management. It covers key aspects such as risk planning, identification, opportunity management, assessment, response strategies, and communication. The course caters to new and experienced project managers in various sectors, including small businesses and large organisations, both in the private and public domains.
- Course to consider: Project Risk Management
- Entry requirements: A bachelor’s degree.
- International fees: £1195
2. University of St Andrews
The MSc Banking and Finance at St Andrews, accredited by the Chartered Banker Institute, offers students the opportunity to achieve Chartered Banker Status upon successful completion.
The course encompasses diverse and vital areas, including advanced corporate finance, focusing on empirical and theoretical corporate finance issues, and applied financial econometrics, equipping students with econometric tools for financial data analysis. The banking and finance module provides a comprehensive understanding of modern banking, while financial technology (fintech) delves into blockchain, machine learning, and artificial intelligence advancements, exploring their impact on various financial services.
- Course to consider: Banking and Finance (MSc)
- Entry requirements: An upper 2.1 undergraduate Honours degree in a closely related discipline such as finance, accounting and economics from the UK or the equivalent international qualification.
- International fees: £27,230
3. University of Warwick
The MSc Cyber Security Management at Warwick is designed to develop strategic thinkers capable of deploying and implementing cyber security within organisations. It equips graduates to understand and manage cyber threats, allocate resources, implement effective solutions, and communicate security strategies to senior decision-makers for supporting business growth.
The course covers essential aspects, including technical insight into digital system security and managing people interacting with them. Participants will gain a profound understanding of the cyber threat landscape, key defensive technologies, and incident management. The curriculum encompasses eight modules: proactive cyber defence, digital forensic investigation, cyber security consultancy, and more.
- Course to consider: MSc Cyber Security Management
- Entry requirements: A minimum of a UK 2:1 undergraduate degree (or equivalent).
- International fees: £31,450
4. London School of Economics and Political Science
The MSc Risk and Finance at LSE is an interdisciplinary master's that offers a comprehensive understanding of risk in diverse contexts, covering perception, management, control, and regulation. Organisations' success hinges on their ability to navigate risk, and it equips students with specialised skills crucial to organisational functioning.
It explores the types of risks in different settings, methods to classify, measure, and assess risk, and how the structure of enterprises, governments, and markets influences risk. Techniques for risk transfer in markets, firms, or societies are also studied. Supported by Deutsche Bank, the MSc includes practitioner seminars, enabling students to gain practical insights from industry experts while developing expertise in their chosen specialisation.
- Course to consider: MSc Risk and Finance
- Entry requirements: A 2:1 degree or equivalent in any discipline, should include some mathematics and statistics.
- International fees: £34,128
5. University College London
The Financial Risk Management MSc at UCL equips students with advanced mathematical, statistical, and computational skills in quantitative finance. It provides a comprehensive understanding of various types of industry risks and managerial aspects related to risk control.
- Course to consider: Financial Risk Management MSc
- Entry requirements: A minimum of an upper second-class UK Bachelor's degree (or an international qualification of an equivalent standard) in a relevant discipline with a strong quantitative component evidenced by good performance in mathematics and statistics examinations.
- International fees: £41,500
SI-UK can help you apply to the top universities to study Risk Management Degree in the UK. Book a free consultation, either online or at our London office.
6. University of Bath
The Finance and Risk Management at Bath offers a comprehensive blend of theoretical knowledge and practical application. Students will gain in-depth insights into finance and risk management theory, learning to analyse financial decisions and apply this knowledge in real-world scenarios. The emphasis on technical and practical skills, such as programming, financial modelling, and FinTech applications, prepares graduates for successful finance careers.
The course benefits from industry experts, ensuring the exploration of cutting-edge finance issues. Students can choose between a dissertation or an internship for the summer term, further enhancing their practical experience. With a wide range of optional units, including financial engineering and risk modelling, this programme equips students with the expertise and flexibility to excel in their chosen field.
- Course to consider: Finance with Risk Management MSc
- Entry requirements: 2:1 or above (or its international equivalent) undergraduate degree.
- International fees: £29,500
7. Loughborough University
The MSc Risk, Governance, and International Management at Loughborough offers a comprehensive understanding of multinational corporations' risk management strategies in their dynamic global environment. This course equips students with valuable skills to identify, assess, and respond to risks faced by multinational organisations in today's rapidly changing world.
Co-taught with the Institute for Diplomacy and International Governance, the degree explores how corporate political activity, social responsibility, and governance aid in navigating challenges and opportunities arising from changes in international economic governance and politics. The programme provides an ideal learning environment for students aspiring to lead global businesses or excel in diverse management situations with an awareness of political and environmental risks.
- Course to consider: MSc Risk, Governance and International Management
- Entry requirements: A 2:2 honours degree (minimum of 55% overall) or equivalent international qualification in any subject area.
- International fees: £29,100
8. University of Glasgow
Financial Risk Management at Glasgow focuses on quantifying various risks, including financial risks like market, liquidity, and counterpart risk. It offers advanced training in econometric analysis, risk theories, and financial regulations' impact. Students gain up-to-date risk management skills for risk quantification and optimal asset allocation, which is crucial for managing market, credit, and interest rate risks.
- Course to consider: Financial Risk Management [MSc]
- Entry requirements: 2.1 Honours degree or non-UK equivalent in economics, finance, engineering, physics, or another highly mathematical discipline.
- International fees: £32,850
9. King's College London
The Risk Analysis, Disasters, and Resilience MSc at King’s College London offers an interdisciplinary approach to studying global environmental, societal, and technological risks and disasters. It uniquely integrates critical social and development perspectives on the root causes of disasters with expertise in governing, managing, and communicating risks across diverse contexts. Students gain skills to analyse risks and disasters critically, developing reflexive problem-solving strategies.
The course covers topics such as differential vulnerability, hazard exposure, adaptation, and resilience. It also delves into the political, organisational, and societal contexts shaping risk and disaster management and communication. Combining theory and practice, preparing graduates for rewarding careers as risk and resilience specialists in various sectors and organisations.
- Course to consider: Risk Analysis, Disasters and Resilience MSc
- Entry requirements: A minimum 2:1 undergraduate Bachelor’s (honours) degree.
- International fees: £26,160
10. University of Leeds
The MSc in Financial Risk Management at Leeds offers cutting-edge knowledge and critical thinking, shaped by advanced specialist research units with strong global links. Core topics cover corporate finance and practical applications of financial theory, including financial modelling, portfolio risk, and derivatives. Students can tailor their studies by choosing from various optional modules to align with their career goals.
The course culminates with a research dissertation, allowing students to explore a topic of their choice and tackle real-world industry challenges—emphasising professional development and equipping students with the skills needed for successful careers in the financial services sector.
- Course to consider: Financial Risk Management MSc
- Entry requirements: A bachelor's degree with a 2:1 (Hons) in a related subject.
- International fees: £31,500
Study Risk Management in the UK
If you want to study risk management in the UK, arrange your free consultation today.
Risk Management Course FAQ
What are the admission requirements for a risk management course?
Admission requirements for a master’s in risk management typically include a bachelor's degree from a recognised university or equivalent, with preferred backgrounds in finance, economics, business, or related fields. Applicants may also need to submit standardised test scores, letters of recommendation, a statement of purpose, and academic transcripts. Requirements may vary depending on the institution and course.
What degree is best for risk management?
Common degrees for risk management include a master's in risk management, finance, financial engineering, or business administration (MBA) with a concentration in risk management. Additionally, economics, statistics, mathematics, or actuarial science degrees can provide valuable risk management skills.
What is the highest salary for a risk manager?
The average salary for a risk manager in London is approximately £79,326 per year. Additionally, they may receive an average additional cash compensation of £9,951, ranging from £4,918 to £20,134. It's important to note that these figures are averages and can vary depending on various factors such as experience, qualifications, and the specific organisation.
How many years does it take to study risk management?
A master's degree in risk management typically takes one to two years of full-time study. For undergraduate degrees, it generally takes three to four years to complete a bachelor's degree.
My consultant was very helpful and motivating. She helped me every step of the way, even when the deadline was so close. I feel I could not have done it without her. I'd highly recommend this service to any and all of my many friends interested. 
.jpg)
