Is the MSc Risk Management & Financial Engineering right for me?

MSc Risk Management & Financial Engineering is an intensive and highly quantitative programme, which attracts both recent graduates with an excellent academic background who want to launch their career in the finance sector, and those wishing to move into a career in risk management from other finance professions.

Admission to the MSc Risk Management & Financial Engineering programme is very competitive and the selection committee will pay close attention to all aspects of your application.

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Entry requirements

The entry requirements for MSc Risk Management & Financial Engineering are as follows:

Academic requirement – quantitative undergraduate degree at First or 2:1 Honours (or international equivalent)

To apply for MSc Risk Management & Financial Engineering you should have a First or Upper Second Class Honours undergraduate degree from a recognised university (or international equivalent) in a highly quantitative discipline such as:

  • Mathematics
  • Engineering
  • Science
  • Economics

Whilst there are no specific ‘A’ Level criteria, you should be aware that many banks and companies in the financial sector do have very strict grade requirements for their graduate programmes. We strongly recommend that you research the entry requirements of any companies you are interested in working for.

Prerequisite knowledge requirements

MSc Risk Management & Financial Engineering is a highly quantitative programme and therefore all students commencing the programme are expected to be proficient in probability, calculus, matrix algebra and real analysis.

You should use the ‘Quantitative Experience Statement’ on the application form to list the most advanced quantitative courses that you have taken in your academic career to date and to provide brief examples of the relevant topics covered by the programme.

Complete our online Maths test to determine if you are suitable to apply for the programme.


GMAT is not required, but a well-balanced GMAT result with 650 or higher overall and 48/60 or better in the quantitative section will add weight to your application. If you have taken the GRE test, a score of 159 in the quantitative section of GRE will add weight to your application.

Career planning questions

An understanding of the financial sector and well researched career goals are essential and should be demonstrated through your answers to the career planning questions in the application form.

Career planning questions

In the career planning questions you will need to show you have thought about the type of employer you want to work for immediately after graduating and have researched your target organisation(s) and role. You will also need to demonstrate you have the necessary skills and experience to succeed in your chosen role. If planning to set up your own business, you will need to outline what expertise or product your business will deliver and that you have researched the market. Whilst we want our students to hit the ground running, we understand that you will also be looking to develop gaps in your skillset to prepare for your chosen career and you will need to address this in the career planning questions.

Internships and work experience

Work experience is not a requirement, although undertaking relevant internships and work placements and listing them in the ‘Industrial/Professional Experience’ section of your application form will add weight to your application.

Although there is not a strict limit on the amount of work experience that is accepted for the programme, candidates with more than three years of professional experience may wish to consider our Imperial MBA programme which offers core courses in the fundamental areas of business and the option to select a range of finance elective courses.

English language requirement

All programmes at Imperial College Business School are linguistically demanding, and therefore strong English language skills are critical to academic success on your MSc and in your future career. The English language entry requirements listed here are the minimum scores needed for admission, successful students typically demonstrate higher levels of achievement.

Candidates who are required to take an English test to meet the language requirement are strongly encouraged to take this before applying and supply their scores as part of the online application. A strong result in an approved English language test will add weight to your application.

A full list of acceptable English language qualifications and our required scores can be found on our detailed English language requirement page.

Most applicants meet the requirement in one of the following ways:

  • IELTS (academic): A minimum score of 7.0 with minimum scores of 6.5 in all elements
  • TOEFL iBT: A minimum score of 100 overall with minimum scores of 22 in all elements
  • Degree studied in and awarded by an English-speaking country AND successful performance in an English language interview, conducted by the Business School’s Global Skills Consultants, which would be arranged if you receive an offer.


  • IELTS and TOEFL scores are only valid if they are less than two years old on the programme start date.
  • TOEFL: You must meet the entry requirement in one test from your scaled scores (‘My Best Scores’ reported by TOEFL will not be considered). For more information regarding TOEFL please visit the ETS website. Please note if you would like ETS to send your TOEFL scores directly to the College, our TOEFL Institution Code is 0891.
  • The College defines English-speaking countries as: Australia, Canada, Guyana, Ireland, New Zealand, South Africa, United Kingdom, United States of America and West Indies. Holders of degrees from any other countries would not be considered for an interview.
MSc Risk Management & Financial Engineering is certainly not an easy programme to study. But if you want to be inspired and surrounded by many talented, ambitious, kind, and diverse colleagues, this programme will be a good fit for you. Because of its challenging nature and the great community within the programme and at Imperial, MSc Risk Management & Financial Engineering will allow you to grow both personally and professionally.
MSc Risk Management & Financial Engineering 2020
Eva Abend MSc Risk Management & Financial Engineering