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MSc Financial Engineering and Risk Management

UK

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What will I learn?

Is it possible to prevent another financial crisis? In a post pandamic world 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 the finance specialism for you.

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 modelling
  • mathematical research techniques using Matlab
  • machine learning
  • automation

MSc Financial Engineering and Risk Management is taught at Essex Business School, at our Colchester Campus. Our students and staff join us from all over the world and our teaching is grounded in contemporary issues and professional practice, supported by industry-standard facilities, such as our Bloomberg virtual trading floor.

Your future

Essex Business School is helping to create the business leaders of the future, those who are creative, innovative, and ethically aware. 90% of University of Essex’s postgraduate graduates are in employment or further study (Graduate Outcomes 2021).

Many of our graduates enjoy careers in financial analysis, management, public administration, and accountancy at some of the world’s most well-known organisations and exciting SMEs, including:

  • Groupon, a global e-commerce marketplace
  • KPMG Group, a multinational professional services network
  • Right Freight Pvt Ltd, an independent freight forwarder
  • Copal Partners, a financial consultation agency
  • Capital Markets Intelligence, a financial publisher
  • Credit Data Research, a business funder

Which department am I in?

Essex Business School

Study options

Full Time (1 year)

Tuition fees
£22,400.00 (US$ 29,035) per year
Fees will increase for each academic year of study.

This is a fixed fee

*Price shown is for indicative purposes, please check with institution

Start date

September 2025

Venue

Colchester Campus

University of Essex,

Wivenhoe Park,

Colchester,

Essex,

CO4 3SQ, England

Entry requirements

For international students

A 2:2 degree, or international equivalent, in one of the following subjects (with no module requirements): Computer Science, Economics, Engineering, Finance, Mathematics, Natural Science, Data Analysis, Statistics or a 2:2 degree, or international equivalent, in any subject with a pass in any one of the following modules: Banking (Financial intermediaries, Financial markets), Economics (e.g. microeconomics, macroeconomics), Finance and/or Investments (e.g. corporate finance, behavioural finance, options and futures, derivatives, risk management, Portfolio analysis, asset pricing, securities, derivatives). If English is not your first language, we require IELTS 6.5 overall with a minimum component score of 5.5, TOEFL IBT 88 overall with minimum component scores: listening 17, reading 18, writing 17, and speaking 20.

*There may be different IELTS requirements depending on your chosen course.

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About University of Essex

At Essex, students learn to think differently, find new ways of doing things and adopt new techniques for solving problems.

  • World-leading academics in a research-intensive environment
  • Foundation, undergraduate and postgraduate degrees
  • Flexible course structure, students study what matters to them
  • Internationally diverse university

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