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MSc Risk and Finance Programme Structure

The MSc Risk & Finance programme consists of assessed papers (courses), non-examined practitioner seminars and optional internships.

Paper 1

  • FM403 Management and Regulation of Risk (includes dissertation)

Paper 2

Papers to the value of one half-unit from the following list of Finance courses:

  • FM429 Asset Markets A (H)
  • FM431M Corporate Finance A (H) or FM431L Corporate Finance A (H)
  • FM473 Finance I (H)


Or any other half-unit quantitative Finance course with the permission of the programme director

Paper 3 & 4

Papers to the value of two and a half units from the following list:

  • AC412 Accountability, Organisations and Risk Management (H)
  • AC444 Valuation and Security Analysis (H)
  • AC470 Accounting in the Global Economy (H)
  • FM402 Financial Risk Analysis (H)
  • FM404 Forecasting Financial Time Series (H)*
  • FM413 Fixed Income Markets (H)
  • FM421 Applied Corporate Finance (H)
  • FM429 Asset Markets A (H) (if not taken under paper 2)
  • FM430 Corporate Finance and Asset Markets
  • FM431M Corporate Finance A (H) or FM431L Corporate Finance A (H) (if not taken under paper 2)
  • FM442 Quantitative Methods for Finance and Risk Analysis (H) §
  • FM445 Portfolio Management (H)
  • FM472 International Finance (H)
  • FM473 Finance I (H) (if not taken under paper 2)
  • GY420 Environmental Regulation: Implementing Policy
  • GY455 Economic Appraisal and Valuation (H)
  • GY462 Real Estate Finance (H)
  • GY465 Concepts in Environmental Regulation (H)
  • GY475 Issues in Environmental Governance (H)
  • LL4BE Principles of Financial Regulation (H)
  • LL4BF International Financial Regulation (H)
  • LL4BK Corporate Crime (H)
  • LL4BL Financial Crime (H)
  • LL4BX Corporate Governance - Advanced Topics (H)
  • MG455 Behavioural Decision Science for Management and Policy (H)
  • MG4B9 The World Trading System (H)
  • MG4A8 Strategy for the Information Economy (H)
  • PH425 Business and Organisational Ethics (H)
  • SO425 Regulation, Risk and Economic Life
  • SO469 Risk and Governance: A Sociological Approach (H)
  • ST409 Stochastic Processes (H)

Any other paper with the approval of the Programme Director


(H) indicates half unit courses

§ Students taking this course can apply for a place on FM457  Applied Computational Finance, a non-assessed computer course.

Practitioner Seminars (Non-examined)

These seminars are designed to highlight the experiences of major institutions dealing with large-scale risk. Deutsche Bank has generously agreed to provide high-level involvement in developing seminars that are closely integrated into the teaching of the programme. Practitioners from other fields may also participate in this aspect of the programme in the future.