MSc Risk Management & Financial Engineering

at Imperial College Business School

Core modules

Develop a solid financial knowledge base

You’ll study six core modules, an additional VBA module which will provide you with comprehensive and systematic training in the mechanisms and techniques involved in quantitative financial modelling and an online module in Ethics and Professional Standards in Finance. The core modules are taught through lectures, interspersed with quantitative case studies allowing students to work on real-world problems faced by financial firms, using extensive data sets and computer programs.

• Financial Statistics
• Investments and Portfolio Management
• Risk Management and Valuation
• Stochastic Calculus
• Empirical Finance: Methods and Applications
• Financial Engineering
• Ethics and Professional Standards in Finance (Online Module)
• Visual Basic for Applications (VBA)

Academic requirement – quantitative undergraduate degree at First or 2:1 Honours (or international equivalent)

To apply for MSc Risk Management & Financial Engineering you should have a First or Upper Second Class Honours undergraduate degree from a recognised university (or international equivalent) in a highly quantitative discipline such as:

• Mathematics
• Engineering
• Science
• Economics

Whilst there are no specific ‘A’ Level criteria, you should be aware that many banks and companies in the financial sector do have very strict grade requirements for their graduate programmes. We strongly recommend that you research the entry requirements of any companies you are interested in working for.

Prerequisite knowledge requirements

MSc Risk Management & Financial Engineering is a highly quantitative programme and therefore all students commencing the programme are expected to be proficient in probability, calculus, matrix algebra and real analysis.

You should use the ‘Quantitative Experience Statement’ on the application form to list the most advanced quantitative courses that you have taken in your academic career to date and to provide brief examples of the relevant topics covered by the programme.

Complete our online Maths test to determine if you are suitable to apply for the programme.

GMAT/GRE

GMAT is not required, but a well-balanced GMAT result with 650 or higher overall and 48/60 or better in the quantitative section will add weight to your application. If you have taken the GRE test, a score of 159 in the quantitative section of GRE will add weight to your application.

English language requirement

• IELTS (academic): A minimum score of 7.0 with minimum scores of 6.5 in all elements. The IELTS indicator test will be accepted for admissions to the 2021/22 academic year.
• TOEFL iBT: A minimum score of 100 overall with minimum scores of 22 in all elements.  The ETS at Home test will be accepted for admission to the 2021/22 academic year.

Fee: £39,000

Our Employer Relations team is responsible for building and developing sustainable relationships with top employers that our students aspire to work for. We pride ourselves on offering a first class service to our corporate contacts, students and alumni, and host a number of events to help students gain the commercial awareness they will require to be successful through the assessment process and beyond.

We work closely with a number of large employers such as Amazon, Apple, Morgan Stanley, Dyson, McKinsey, LVMH, Kraft-Heinz, and JP Morgan, alongside small and medium sized firms and start-ups.