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MSc Risk and Finance

About the MSc programme

The success of organisations depends upon their ability to operate in the face of risk. The growing awareness of these problems has meant that risk management is now recognised as requiring special skills that are central to the functioning of the organisation.

There is a long tradition of quantifying and measuring certain risks such as life expectancies or accidents. Recently, important advances have been made towards developing similar quantitative tools for newer areas such as financial markets and the environment. At the same time, other social science disciplines have produced important insights into how more complex risks are perceived, and how social organisations can adjust to regulate and share them.

This MSc programme is designed to provide a comprehensive view of risk perception, management and control as encountered in a wide variety of contexts. It addresses such questions as: What are the appropriate ways to measure and assess risk? How does the organisation of enterprises, governments or markets increase or decrease risk? What are the techniques for risk shifting in markets, firms or societies? What are the tools available to managers and regulators for controlling risks?

The design of the programme will allow students with prior training in diverse disciplines and with a range of professional backgrounds to acquire a broad knowledge of risk management and regulation, and to deepen their competency in a chosen area of specialisation.

You will need at least an upper second class honours degree from a UK university, or its equivalent. We assume that applicants will have some knowledge of mathematics and statistics. Interesting applicants with weak backgrounds in this regard will be required to take an LSE Summer School course. If your degree is not from a UK university, you must submit a GMAT test score with your application. Decisions will not normally be made in the absence of this test result. We generally look for a GMAT score of over 650; exceptionally we will consider a GRE score of over 700/155. Conditional offers may be made in the absence of a final test score. If you are a graduate from a UK university, you should note that you may be asked to take either a GRE or GMAT test.

Programme details

This is an interdepartmental programme which is administered through the Department of Finance.

Key features of the programme include:

  • Teaching by internationally renowned faculty from several departments and with practitioners expert in the area.
  • Multidisciplinary exposure to different approaches to risk, its management and regulation through teaching and your own independent study.
  • The possibility of an optional internship at a leading bank to gain hands-on risk management experience.
  • An opportunity for students with prior training in diverse disciplines and with a range of professional backgrounds to acquire knowledge on risk management and regulation, and to deepen their competency in a chosen area of specialisation.
  • Wide-ranging coverage of topics in the area combined with a rigorous, in depth exploration of others.

Compulsory courses

(*half unit)

  • Either Asset Markets A* explores the fundamental concepts and tools underlying the asset markets side of modern finance or Corporate Finance A*covers range of topics in corporate finance or Finance I* is a first course in financial analysis for students with a basic knowledge of management or another quantitative Finance course with the permission of the programme director.

Students choose courses to the value of two and a half units from a very wide range of options offered by the Departments of Accounting, Finance, Geography and Environment, Law and Management. The choice of electives offers students significant flexibility to tailor their degree to their academic and professional interests including both quantitative and qualitative courses.

You can find the most up-to-date list of optional courses for MSc Risk and Finance in the Programme Regulations section of the current School Calendar.

You must note however that while care has been taken to ensure that this information is up-to-date and correct, some circumstances may cause the School to subsequently change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to circumstances outside of its control. You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee places on its courses. You should visit the School's Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the Updated graduate course and programme information page.

Graduate destinations

The programme equips students for career opportunities in: consulting, finance and banking, insurance, management, regulation and supervision, public administration. This programme is not intended as suitable preparation for the PhD Finance at LSE (if you are interested in PhD study, please see MSc Finance and Economics).


Application code: N4U3 (check availability)

Start date: Pre-sessional course begins September 2016

Duration: 12 months full-time only

Intake/applications in 2014: 47/958

Minimum entry requirement: 2:1 degree in any subject, however should include some mathematics and statistics (see entry requirements)

English requirement: Standard (see English requirements)

GRE/GMAT requirement: Applicants without UK undergraduate degrees are required to submit GMAT or GRE score (GMAT is strongly preferred). For applicants with a UK undergraduate degree, submission of GMAT (or, exceptionally, GRE) score is recommended, but not mandatory

Fee level: UK/EU £24,936; Overseas £25,440

Financial support: Graduate Support Scheme (see Fees and financial support)

Application deadline: None – rolling admissions