Risk Management and Financial Engineering MSc
Imperial College London, South Kensington Campus, United Kingdom
MSc Risk Management and Financial Engineering
Imperial College London
Risk Management & Financial Engineering
Program Overview: MSc Risk Management and Financial Engineering
The MSc Risk Management and Financial Engineering at Imperial College London is a highly quantitative one-year programme that combines advanced mathematics, programming, and financial theory to equip you with the technical skills and industry insights needed for a successful career in finance. Accredited by the Professional Risk Managers' International Association (PRMIA), the programme is designed for technically-minded graduates who want a deep, analytical study of risk management and financial engineering.
Delivered by Imperial Business School, one of the top-ranked business schools in Europe, you will learn from leading industry practitioners and distinguished faculty while benefiting from Imperial's prime London location. The programme provides an optional extended term of up to 16 months, allowing you to complete a four-to-six month work placement and graduate with 120 ECTS.
The programme attracts a diverse, international cohort of talented individuals with strong quantitative backgrounds in mathematics, engineering, economics, and science. With close ties to major financial institutions and a dedicated careers team, this MSc prepares you to enter the highly competitive finance recruitment market with confidence.
Key Program Highlights
- PRMIA-accredited programme with industry-recognised certification in risk management
- Optional 4-6 month work placement extending the programme to 16 months with 120 ECTS
- Located at Imperial's South Kensington campus in the heart of London's financial ecosystem
- 90% of graduates employed within six months of completing the programme
Curriculum and Modules
The programme comprises 7 compulsory modules and 3 to 4 electives, plus a foundation module and either an Applied Project or a Research Report. You will study core quantitative modules taught through lectures interspersed with case studies, working on real-world problems faced by financial firms using extensive data sets and computer programs.
Foundations in Risk Management and Financial Engineering
FoundationAn introductory September module covering the essential tools of modern finance and career development skills, preparing you for the intensive programme ahead.
Stochastic Calculus
7.5 ECTSA practice-oriented introduction to the mathematical theory used to analyse the dynamics of asset prices, covering stochastic processes and their applications in quantitative finance.
Financial Statistics
7.5 ECTSCovers statistical methods for financial data analysis, including regression, volatility modelling, and empirical testing of financial theories using real-world datasets.
Financial Engineering
7.5 ECTSFocuses on the application of mathematical and computational techniques to solve real financial problems, including derivatives pricing, hedging strategies, and structured products.
Application of R for Finance
7.5 ECTSProvides foundations of programming with variables, arrays, conditional statements, loops, and functions, with a focus on modelling in financial markets including regression, volatility modelling, and asset pricing.
Markets and Securities
7.5 ECTSProvides a broad overview of key financial markets including stocks, bonds, and derivatives, and introduces the concepts of risk and return and how diversification influences portfolio performance.
Elective Modules
Admission Requirements
Imperial Business School takes a holistic approach to admissions, considering your academic and professional achievements alongside your personal qualities, motivations, and collaborative abilities. Applications are reviewed on a rolling basis through Uni4Edu, so early submission is encouraged.
Academic Requirements
- Academic BackgroundFirst-class or upper second-class (2:1) honours degree in a highly quantitative subject such as Mathematics, Engineering, Economics, or Science
- Quantitative ProficiencyProficiency in probability, calculus, matrix algebra, and real analysis is expected
- GMAT/GRENot required but recommended; minimum 55th percentile on GMAT or 159 quantitative on GRE adds weight to your application
- Work ExperienceNot required; however, relevant internships and professional experience will strengthen your application
- ReferencesTwo references required: either two academic referees, or one academic and one professional referee
English Language Requirements
- IELTSOverall score of 7.0 with a minimum of 6.5 in all elements
- TOEFL iBTContact Uni4Edu for current minimum score requirements
- Other TestsImperial accepts several other English language qualifications; contact Uni4Edu for the full list
Required Documents
Application Deadlines
For personalized admission guidance, document verification, and application support, please contact Uni4Edu
Scholarships and Funding
Imperial Business School offers significant scholarship funding to talented applicants. Awards are based on academic merit, leadership potential, diversity, and social impact. To be considered, you should submit your application through Uni4Edu by the scholarship deadline; awards are made on a competitive basis across rounds.
Imperial Business School Merit Scholarship
Up to 50% of tuition feesMerit-based awards automatically considered during admission, recognising outstanding academic backgrounds and career potential. Awards range from GBP 10,000 to 50% tuition coverage.
Dean's Impact Scholarship
GBP 20,000Awarded to students who demonstrate exceptional impact and achievement in areas such as leadership, entrepreneurship, social impact, or innovation. Requires a video assessment as part of the application.
GREAT Imperial Scholarship (British Council Partnership)
GBP 10,000Offered in partnership with the British Council and the GREAT Britain Campaign to students from selected countries pursuing postgraduate study in STEMB subjects at Imperial College London.
For detailed tuition fee information, please contact Uni4Edu — we will guide you through the costs and available funding options for this program.
Career Prospects
Graduates of the MSc Risk Management and Financial Engineering programme are highly sought after by leading financial institutions worldwide. The programme's PRMIA accreditation, quantitative rigour, and London location provide a strong foundation for launching a career in quantitative finance and risk management.
Typical Graduate Roles
Top Employers of Graduates
Rankings and Recognition
Imperial College London is consistently ranked among the top universities in the world, and Imperial Business School is recognised as one of the leading business schools in Europe. The school holds triple accreditation from AMBA, AACSB, and EQUIS, and was ranked 2nd in the UK for business and management studies in the most recent Research Excellence Framework.
| Subject | Ranking Body | Rank |
|---|---|---|
| MSc Finance | QS Business Masters Rankings | #14 globally |
| Business & Management Studies (REF) | THE / REF | #2 in the UK |
| Masters in Finance | Financial Times | #16 globally |
| MSc Business Analytics | QS Business Masters Rankings | #8 globally |
How to Apply
Applying for this program is easy with Uni4Edu. Our team will guide you through every step of the process — from document preparation to final enrolment.
Contact Uni4Edu
Reach out to our team via email or phone. We will assess your profile and confirm your eligibility for this program.
Prepare Your Documents
Our advisors will provide you with a personalised checklist of required documents and help you prepare your application package.
Submit Your Application
Uni4Edu will submit your application on your behalf and keep you updated on its progress throughout the review period.
Receive Your Offer
Once accepted, we will help you understand your offer, arrange visa support if needed, and guide you through the enrolment process.
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