University of Leicester
Financial Risk Management MSc
University of Leicester

Key Course Facts

Course Description

In the world of finance, focusing on risk is just as important as focusing on return. We’ll equip you with skills in risk management techniques, quantitative and financial analysis, and programming – exactly what you need to work in the financial industry.

The MSc in Financial Risk Management is geared towards your professional development and will provide you with a thorough training in risk management, portfolio management, investment analysis and finance. The degree provides an excellent preparation for employment within the finance industry, particularly in an analytical or risk management role. We are also an Academic Partner of The Global Association of Risk Professionals (GARP). Accreditation by GARP ensures that this course will prepare you for the Financial Risk Management (FRM) professional exams and give you the skills you need to succeed in your career.

You will develop a range of skills in quantitative analysis, including mathematical techniques, econometrics and programming. The dissertation gives you the opportunity to conduct industry focused research, relevant to your future employment.

As well as gaining a thorough insight into financial risk management, the course will equip you with a command of advanced analytical techniques, computing and research methods for problem-solving and the critical evaluation of economic arguments.

To help you develop the skills that leading employers ask for, and let you see how traders work, we have 12 Bloomberg terminals in the University Library.

You will be taught through a combination of lectures, seminars, classes and computer practicals. You will be supported throughout your studies by department staff who are also available for private supervision. Your course modules will generally be assessed by a combination of exams and coursework projects. Some modules are assessed by demonstrated skills in computing or by seminar presentation where this is appropriate.

Entry Requirements / Admissions

Requirements for international students / English requirements

IELTS academic test score (similar tests may be accepted as well)

    • 6.5
    • All Degrees
Do you not fulfill the minimum requirements in terms of UCAS score, A levels, or English language requirements?
Get advice on which foundation courses are best for you to still be able to join Financial Risk Management, MSc.

A good second class honours degree or equivalent from a recognised university with some mathematical or statistical content. IELTS 6.5 or equivalent. If your first language is not English, you may need to provide evidence of your English language ability. If you do not yet meet our requirements, our English Language Teaching Unit (ELTU) offers a range of courses to help you to improve your English to the necessary standard.

Visa Requirements for International Students

Visa requirement

All international students (including citizens from EU countries) intending to study this or any other academic programme for more than 6 months in the UK require a Student Visa.

International students younger than 18 years require a special Child Student Visa. Exceptions from this general rule may apply to holders of other UK work visas, British National Overseas visa, family member visa and recognised refugees or asylum seekers.

Permission to work while studying

University of Leicester is listed by the UK government as an institution licensed to sponsor migrant students.

Student visa holders from licensed institutions are entitled to work during their full-time bachelor's, master's or Phd studies for
- 20h/week during the term
- Full-time outside term time (e.g. vacations, work placements, once course ended)

After completion of a bachelor's or master's programme of at least 12 months Student Visa holders of licensed institutions can convert their visa into a Graduate Visa which entitles graduates to work for 2 years in the UK.


Tuition Fees Financial Risk Management MSc

England UK £10500
Northern Ireland £10500
Scotland £10500
Wales £10500
International £21000

Average student cost of living in UK

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

University Rankings

Positions of University of Leicester in top UK and global rankings.

See all university rankings of University of Leicester

What students say about studying Financial Risk in the UK?

  • BSc (Hons) Investment and Financial Risk Management student Claudia’s insights

About University of Leicester

The University of Leicester is a research university that receives its funding from public sources, located in Leicester, England. Its main campus is approximately one mile south of the city centre, close to Victoria Park and Wyggeston and Queen Elizabeth I College. As for the other campuses, the Fielding Johnson Building is home to the university’s administration offices, while the Attenborough Tower and Engineering Building house the College of Social Sciences and laboratories respectively.

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Where is this programme taught

Main Site - University Road
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