MSc in Risk Management - Advance Entry (level 7)
Level 7 Diploma in Risk Management (QCF) : 6 - 8 Months
MA in Risk Management (TopUp) : 3 - 6 Months
Credits: 180 Credits
The objective of the MSc in Risk Management is to provide learners with the skills and understanding of risk management that align with good strategic decision making to maintain organisations’ competitive advantage. The MSc in Risk Management programme provides an in-depth understanding of risk and its application in practice both for financial and non-financial organisations. Learners will learn both theoretical and practical understanding of risk including risk measurement and modelling.
The aims of this programme will allow learners to:
- Critically evaluate five basic methods for risk management
- Compare and contrast the influences of legislation, legal factors and regulatory bodies on health and safety in an organisation of your choice
- Assess the focal points of ISO standard 'harmonisation' programmes
- Evaluate the tools which can be used to review organisational strategy and risk plans
- Review the position of an organisation in its current market using appropriate tools
- Assess contemporary issues that contribute to CSR risk management systems
- Critically analyse the importance of conducting a Business impact analysis (BIA).
- Explain how leadership and management styles should change to meet the needs of different risk situations found in organisations
- Critically evaluate the role of a board in corporate governance issues and different approaches taken.
- Evaluate a range of risk financing options available for an organisation.
- Prepare a risk management plan by an environmental screening to help mitigate potential risks
- Assess the Standardised approach for credit risk as per Basel III recommendations
- Analyse Knightian uncertainty, Ellsberg paradox, Black swan events.
- Explain and apply the mathematical models of VaR, CVaR and EVaR
Course Details
The MSc in Risk Management qualification consists of 6 mandatory units making a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.
Modules (120 Credits):
- Principles of Risk Management
- Strategic Risk Management
- Responsible Leadership and Governance
- Organisational and Environmental Risk
- Risk Analysis and Modelling
- Advanced Research Methods
Dissertation (60 Credits):
1. Consultancy Report - 12,000 Words
Accreditation
All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to
MSBM accreditation in about us for more details.
University Progression
University Top-upOn completion of this course, students have the opportunity to complete a Master degree programme from a range of UK universities. The top-up programme can be studied online or on campus. The top-up comprises the final 60 credits which consist of either a dissertation or a dissertation and one module.
(The course tuition fee listed above
includes the top-up fee)
University Progression
Click here to see University routes and fee information for progression.
Entry Requirements
For entry onto the MSc in Risk Management leading to the MSc in Risk Management qualification, learners must possess:
- An honours degree in related subject or UK level 6 diploma or equivalent overseas qualification i.e. Bachelors Degree or Higher National Diploma
OR
- Mature learners (over 25) with at least 5 years of management experience if they do not possess the above qualification (this is reviewed on a case by case basis)
Course Modules
This module provides the most critical information about the study course and assignment submission.
The aim of this unit is to develop learners’ understanding of legislative frameworks that contributed to the design of risk assessment plans in organisations and learn the basics of ISO standards. ISO is a universally recognised international standard that provides principles and guidelines on risk management. These standards provide principles, a framework, and a process for managing risk that can be used by any organisation. The learners will become aware of the principles of the ISO standards.
The critical examination of strategy in relation to the setting and continuous improvement of performance standards; the establishment and maintenance of an effective system of risk management; all aspects of risk management are considered including, but not limited to, health and safety, environmental and security; planning and alignment of risk objectives with other corporate strategies.
In this unit, learners will look at the modern organisational requirement of governance leading to the evaluation of good practice relating to company affairs. This unit provides the learner with an understanding of the effect of legislation and global integration on decisions, policies, processes and activities undertaken by organisations.
The aim of this unit is to help learners develop knowledge and understanding of the importance of managing risks in business organisations and enable them to develop an effective risk management plan and review risk financing options.
This unit aims to provide learners with an understanding of the core concepts and tools used to build modern risk analysis models. It introduces learners to the foundations of risk analysis. These core concepts are then combined to explore a number of modern risk analysis modelling techniques. This unit will provide learners with the skills needed to apply these techniques in real-life situations.
The aim of this unit is to develop learners’ ability to prepare for various types of academically based management research through the development and design of a research proposal. Learners will develop a critical understanding of the philosophical, practical and ethical concepts of research within the context of the business environment.
Workshops
Workshops are conducted by live webinars for all students.
Visa Requirements
There is no Visa requirement for this programme.
