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MSc in Risk and Finance

Programme Code: TMRIFI

Department: Finance

For students starting this programme of study in 2021/22

Guidelines for interpreting programme regulations

Classification scheme for the award of a taught master's degree (four units)
Exam sub-board local rules

Full-year programme. Student must take courses to the value of four full units (of which one paper includes a dissertation) as shown below.

Please note that places are limited on some optional courses. Admission onto any particular course is not guaranteed and may be subject to timetabling constraints and/or students meeting specific prerequisite requirements.


Course number, title (unit value)

Paper 1

FM403 Management and Regulation of Risk (1.0) A

Paper 2

Courses to the value of 0.5 unit(s) from the following:


FM429 Asset Markets A (0.5) #


FM431L Corporate Finance A (0.5) #


FM431M Corporate Finance A (0.5) #


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

Papers 3 & 4

Courses to the value of 2.5 unit(s) from the following:


AC412 Accountability, Organisations and Risk Management (0.5)


AC444 Valuation and Security Analysis (0.5) #


AC470 Accounting in the Global Economy (0.5) #


FM402 Financial Risk Analysis (0.5) #


FM412 Quantitative Security Analysis (0.5) #


FM413 Fixed Income Markets (0.5) #


FM421 Applied Corporate Finance (0.5) #


FM429 Asset Markets A (0.5) #


FM430 Corporate Finance and Asset Markets (1.0) #


FM431L Corporate Finance A (0.5) # 1


FM431M Corporate Finance A (0.5) # 2


FM441 Derivatives (0.5) #


FM442 Quantitative Methods for Finance and Risk Analysis (0.5) # B


FM445 Portfolio Management (0.5)


FM476 Entrepreneurial Finance (0.5) #


GY420 Environmental Regulation: Implementing Policy (1.0)


GY455 Economic Appraisal and Valuation (0.5)


GY462 Real Estate Finance (0.5)


GY465 Concepts in Environmental Regulation (0.5)


GY475 Issues in Environmental Governance (0.5)


LL4BF International Financial Regulation (0.5)


LL4BK Corporate Crime (0.5)


LL4BL Financial Crime (0.5)


MG455 Decisions, Biases and Nudges (0.5) #


MG4A8 Strategy for the Information Economy (0.5) #


MG4B9 The World Trading System (0.5) #


PH425 Business and Organisational Ethics (0.5)


SO425 Economy, Risk and Society (1.0)


ST409 Stochastic Processes (0.5) #


Any other paper with the approval of the Programme Director.

Prerequisite Requirements and Mutually Exclusive Options

1 : FM431L can not be taken with FM431M

2 : FM431M can not be taken with FM431L


A : Includes dissertation.

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

# means there may be prerequisites for this course. Please view the course guide for more information.

Note for prospective students:
For changes to graduate course and programme information for the next academic session, please see the graduate summary page for prospective students. Changes to course and programme information for future academic sessions can be found on the graduate summary page for future students.