Course summary
Is it possible to prevent another financial crisis? The global finance sector requires financial engineers and risk managers to work alongside its traders to develop robust security measures to maximise financial stability. MSc Financial Engineering and Risk Management aims to develop finance sector workers who can evaluate risk, act rationally, and understand the economic impact of their actions in order to find solutions. While the trader is trying to make money, the risk manager is trying not to lose it and the financial engineer is building the tools to reduce associated risks. If you feel comfortable in pressurised environments and can rise to the challenge of making ethical and robust financial decisions, this could be your finance specialism. This course will enable you to follow advanced, contemporary study in financial engineering and risk management and develop a deeper understanding of the risks within modern financial securities. You will also become skilled in the design of powerful management systems to measure risk. Upon graduation, you should possess the skills and knowledge for a successful career in commercial, investment and central banks, hedge funds, regulatory authorities and rating agencies. You will master areas including:
- asset pricing
- derivative securities
- financial modeling
- mathematical research techniques using Matlab
- machine learning and automation
Modules
You can tailor your learning experience with a choice of optional modules. More information and these can be found on the University of Essex website.
Entry requirements
Entry requirements for this course can be found on the University of Essex website.
Fees and funding
Tuition fees
| England | £14300 | Year 1 |
| Northern Ireland | £14300 | Year 1 |
| Scotland | £14300 | Year 1 |
| Wales | £14300 | Year 1 |
| Channel Islands | £14300 | Year 1 |
| Republic of Ireland | £14300 | Year 1 |
| EU | £22400 | Year 1 |
| International | £22400 | Year 1 |
Tuition fee status depends on a number of criteria and varies according to where in the UK you will study. For further guidance on the criteria for home or overseas tuition fees, please refer to the UKCISA website .
Additional fee information
Fees displayed are for 2024-25 entry. Fees for part-time courses are calculated pro-rata to the relevant full-time fee.
Tuition fees may be subject to annual increases in each year of study in line with inflation.
Sponsorship information
Research council funding; some University of Essex studentships available.
Provider information
University of Essex
Wivenhoe Park
Colchester
CO4 3SQ