Risk Management and Financial Engineering
Become a leader in risk management.
Become a leader in risk management
PRMIA accredited, a head start on your career
93% of our class of 2022 were employed within six months of graduating
Course key facts
Qualification
MSc
Duration
1 year
Start date
August 2025
Study mode
Full-time
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Fees
£47,500
Extended placement: £49,000 Home£47,500
Extended placement: £49,000 Overseas
Delivered by
Location
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South Kensington
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Minimum entry standard
First or 2:1 from a recognised university in a highly quantitative subject such as Mathematics, Engineering, Economics or Science.
Course overview
Prepare yourself for a career in financial engineering and risk management with our MSc Risk Management and Financial Engineering programme.
This highly quantitative one-year programme, which is accredited by the Professional Risk Managers' International Association (PRMIA), is designed for technically-minded graduates who want a deep, analytical study of risk management and financial engineering.
You will learn how to put the latest academic thinking and business strategies into practice from leading practitioners and world class faculty, giving you a thorough and hands-on understanding of risk management.
You'll get the opportunity to meet and network with leading global organisations, thanks to our London location and ongoing relationships with major employers in the finance sector.
You also have the option to complete a four-six month work placement (internship) as part of your programme, extending the programme to 16 months and graduating with 120 ECTS. Please note that additional tuition fees apply.
Structure
This page is updated regularly to reflect the latest version of the curriculum. However, this information is subject to change.
Find out more about potential course changes.
Please note: it may not always be possible to take specific combinations of modules due to timetabling conflicts. For confirmation, please check with the relevant department.
Before the programme begins you will be expected to complete some pre-study modules which are delivered through The Hub, Imperial College Business School’s online learning environment.
These modules will be available to students who have accepted an offer of admission from July onwards, and are designed to give you a basic knowledge of areas which will be covered by the programme throughout the academic year.
Professional accreditation
We are among a handful of business schools worldwide to achieve triple accreditation:
- Association of MBAs (AMBA)
- Association to Advance Collegiate Schools of Business (AACSB)
- European Quality Improvement System (EQUIS)
We have also been recognised for our work in tackling gender inequality in higher education with a Bronze Athena SWAN award.
Teaching and assessment
Teaching and learning methods
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Case studies
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Equipment/technique demonstrations
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Presentations and seminars
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Group work
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Lectures
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Virtual learning environment
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Lecture recordings
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Practical classes
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Work placement opportunity
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Workshops
Assessment methods
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Case studies
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Continuous assessments
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Essays
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Formal presentations
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Multiple choice tests
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Participation
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Reports
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Written exams
Entry requirements
We consider all applicants on an individual basis, welcoming students from all over the world.
First or 2:1 in a highly quantitative subject such as Mathematics, Engineering, Economics or Science.
Footnotes
MSc Risk Management and 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.
GMAT is not required for MSc Risk Management and Financial Engineering but will add weight to your application. For the GMAT Exam you will need a minimum overall percentile ranking of 55%. If you have taken the GMAT Exam (10th Edition), you will need a score of at least 600 (our current average is 666). Scores are valid for five years from your appointment date.
How to apply
Apply online
If you are applying to the Business School, you may be considered for one course per admissions cycle. If you are applying for a Finance Master's, we will take your areas of interest and eligibility into account when considering you for alternative programmes.
Application deadlines – Round 3 closes on Thursday 1 May 2025
We operate a staged admissions process with several deadlines throughout the year. This programme is highly competitive, so early application is advised.
Apply by 23.59 (UK time) on the closing date of an application round, to ensure you receive a response on your application by the relevant decision date.
Round 1
- Closing date: 26 September 2024
- Decision by: 28 November 2024
Round 2
- Closing date: 9 January 2025
- Decision by: 6 March 2025
Round 3
- Closing date: 13 March 2025
- Decision by: 8 May 2025
Round 4
- Closing date: 1 May 2025
- Decision by: 19 June 2025
Scholarship deadlines
- Round 1: 26 September 2024
- Round 2: 9 January 2025
Visit our Admissions website for details on the application process.
If you are applying for a taught Master’s course, you will need to pay an application fee before submitting your application.
The fee applies per application and not per course:
- £100 for all MSc applications to Imperial College Business School
- £150 for MBA applications to Imperial College Business School
There is no application fee for MRes courses, Postgraduate Certificates, Postgraduate Diplomas or research courses, such as PhDs and EngDs.
If you are facing financial hardship and are unable to pay the application fee, we encourage you to apply for our application fee waiver.
An ATAS certificate is not required for students applying for this course.
Fees and funding
Tuition fee
2025 entry
£47,500 12 months
Extended work placement option
2025 entry
£49,000 16 months
If you're a UK national, or EU national with settled or pre-settled status under the EU Settlement Scheme, you may be able to apply for a Postgraduate Master’s Loan from the UK government, if you meet certain criteria.
For courses starting on or after 1 August 2024, the maximum amount is £12,471.
The loan is not means-tested and you can choose whether to put it towards your tuition fees or living costs.
Students taking the optional extended work placement must pay a fee of £1500, in addition to the standard course fees.
How will studying at Imperial help my career?
Discover solutions to real-world business challenges with guidance from industry experts.
With specialised knowledge, you'll be highly sought after in a range of sectors.
Investment banking, asset and investment management, and sales and trading are just some of your options.
Other potential career paths include corporate or retail banking, hedge funds, M&A, finance, accounting services, research, and private wealth management.
Further links
Contact the department
- Telephone: +44 (0)20 7589 5111
- Email: business.school@imperial.ac.uk
Visit the Imperial College Business School website
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Events, tasters and talks
Meet us and find out more about studying at Imperial.
Terms and conditions
There are some important pieces of information you should be aware of when applying to Imperial. These include key information about your tuition fees, funding, visas, accommodation and more.
You can find further information about your course, including degree classifications, regulations, progression and awards in the programme specification for your course.
Programme specifications