Considering a career in risk management? Looking for the perfect qualification to take your career opportunities to the next level? For many, a master’s in risk management is a great way to advance in this lucrative field by learning new concepts and broadening your network. In this article, EDUopinions will list the 10 best master’s in risk management to help you navigate your journey through higher education and beyond.
Is the FRM course equivalent to a master’s degree?
A Financial Risk Manager (FRM) certification is a US-based qualification training professionals in risk management. While it covers many similar topics to a master’s degree in risk management, there are two notable differences. First, the cost of an FRM is much lower than a full master’s degree. Relatedly, the second difference is that a master’s programme provides students with far more experiential learning through industry placements and the opportunity to expand your network of contacts.
Is it worth studying a master’s in risk management?
Studying a master’s in risk management is definitely a worthwhile endeavour. Though it can be a costly programme and may be academically challenging, it usually pays off. Graduates of this degree typically go on to high-paying positions in banking, consulting, asset management and the like. As a general example, experienced risk managers in Europe can earn up to €80,000 yearly. In addition, since the 2008 global financial crisis, financial risk managers have been in high demand across a variety of sectors, meaning this degree is likely to give students very favourable chances at employment.
What career options will this master’s give me?
A master’s in risk management can lead to a number of different career paths. Some graduates find employment in banks and other financial institutions like brokerage firms. Others go on to work as consultants and financial advisors, working with a number of different clients at one time. Still, some graduates of this type of programme work as market projection experts or financial data analysts. In sum, many options exist for those with a degree in risk management.
EDUopinions’ list of the best master’s in risk management:
Risk management and financial engineering M.Sc. at Imperial College London
First off, the risk management and financial engineering M.Sc. offered by Imperial College London is an excellent option to consider. Imperial College London is ranked as the 11th best university in the world by Times Higher Education. As such, there is no doubt about the quality of teaching you can expect from this degree. The curriculum of this one-year programme covers complex quantitative topics, ensuring students have a solid knowledge base to build on in their business careers. Further, Imperial College goes to great lengths to connect students with its many partner employers in London, helping set up their graduates for success.
I have wonderful experience in IC this year. Lots of very good students, everyone was very friendly and loved my classmates. ICBS is the best Career Service around G5 without a doubt. Seriously, all kinds of activities and various consultants are very responsible. It also helped me a lot to find a job. The professors are very good, and there are many opportunities to network with alumni. During the epidemic, most of the networking activities were conducted online but the quality is excellent.
Financial Regulation and risk management masters at Sciences Po
Another highly ranked institution, France’s Sciences Po offers a 10-month master’s in financial regulation and risk management. This intensive programme focuses on professional skills as well as training students to pass a number of finance-industry exams including the FRM and British Regulatory and Compliance certificate. What’s more, being a student at Sciences Po makes for a very international experience, seeing as their student body represents over 150 nationalities. Providing both practical exam and soft skills training, this degree programme is certainly one of the best master’s in risk management available.
MSc in Risk Management at Leeds Univesity Business School
Demand is growing worldwide for experts who have the technical skills to measure and manage financial risk. At Leeds University Business School, the students will benefit from a curriculum informed by the latest knowledge and critical thinking, equipping them to respond to emerging developments in the global capital and money markets. Students will access knowledge from diverse specialist research units: the Centre for Advanced Studies in Finance, the International Banking Institute, and the Credit Management Research Centre. Leeds University Business School’s strong relationships with the finance, credit and accounting professions create a link to practitioner and policy developments, giving students a Masters degree that is relevant to the contemporary environment.
MSc risk management at Glasgow Caledonian University
Glasgow Caledonian University is a leading UK Risk Management provider who has been teaching Risk Management for over 30 years. Their flexible online MSc in Risk Management is double accredited, recognised by the Chartered Insurance Institute (CII) and also the Institute of Risk Management (IRM).
A Masters in Risk Management gives you a qualification that can lead to a career in an exciting industry as society deals with risks ranging from; global pandemics to cyber-security, and climate change to escalating trade wars. They also provide you with opportunities to enhance your practical risk management skills.
Finance – Duisenberg Honours programme Quantitative Risk Management M.Sc. at Vrije Universiteit Amsterdam
The next on EDUopinions’ list of the best master’s in risk management is the Duisenberg Honours Programme in Quantitative Finance Risk Management within the finance M.Sc. programme at Vrije Universiteit Amsterdam. This specialised degree programme lasts one year and allows students to select electives and research topics, meaning the curriculum can be tailored to your needs. Providing such a high quality of education combined with affordable tuition fees, this degree is not only a great deal but a great way to launch your career in risk management.
Financial Risk Management Master’s at Universidad Pontificia Comillas
Universidad Pontificia Comillas is located in Madrid and is one of the top business schools in all of Spain. Their master’s in financial risk management provides specialised training to equip students with the skills necessary to succeed in the field. The one-year programme is divided into four modules, the first two of which are based in the classroom. Afterwards, students embark on an industry internship and master’s thesis. Finally, students in this programme at Universidad Pontificia Comillas have great success finding work, with nearly 100% of graduates being employed six months after their degrees.
MSc in Quantitative Risk Management at Birkbeck University of London
The MSc in Quantitative Risk Management with Machine Learning at Birkbeck University of London has been designed to meet the rise in demand for specialists in the field of financial risk management. With an emphasis on machine learning, the branch of data science which is reshaping the finance industry, this course provides you with the knowledge and the quantitative skills that are needed for a career in financial risk management. You will gain in-depth knowledge of financial derivatives, portfolio management and the core areas of risk management, with particular emphasis on market risk and credit risk.
Quantitative Finance and risk management master’s at EISTI graduate engineering school
EISTI Graduate Engineering School offers an international master’s in quantitative finance which specifically prepares students for work in global financial markets and institutions. In addition to standard content relating to finance, risk and modelling, this programme at EISTI adds a global component to students’ education through classes on cultural openness and French language classes for non-French speakers. Combining industry-relevant knowledge with an intercultural education, this degree is without a doubt one of the best masters in risk management.
Actuarial science and mathematical finance – quantitative risk management M.Sc. at University of Amsterdam
The M.Sc. in actuarial science and mathematical finance at the University of Amsterdam (UvA) offers a specialisation track in quantitative risk management. This top-notch programme helps students with backgrounds in STEM bring their maths and economics knowledge into practice. An advantage of this programme is that its lecturers are part of the world-class research cohort at the University of Amsterdam, meaning students can expect to learn the very latest and top-quality content in the field. Finally, this programme is far more affordable than many others, with tuition set at only €2143.
Corporate management – financial markets and risk management specialisation MBA at Hamburg School of business administration
Last but certainly not least on EDUopinions’ list of the best master’s in risk management is an MBA at the Hamburg School of Business Administration (HSBA). Their general MBA programme provides students with the opportunity to specialise in corporate management – financial markets and risk management track. Unlike the other degrees on this list, this programme at HSBA provides a full business education in addition to a specialisation in risk management, making for a well-rounded education. This, alongside other advantages of studying at HSBA like its diverse student body, opportunities to travel abroad and emphasis on soft-skills learning, make this degree one of the best master’s in risk management in all of Europe.
Hopefully, you have found this list of the best master’s in risk management helpful. If you have any further questions about this type of degree or other more general questions about higher education, don’t hesitate to reach out to EDUopinions for personalised advice.