• Postgraduate taught
  • MSc

Risk Management and Financial Engineering

Become a leader in risk management.

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Course key facts

  • Qualification

    • MSc

  • Duration

    1 year

  • Start date

    September 2027

  • Study mode

    Full-time

  • Delivered by

  • Location

    • South Kensington

Minimum entry standard

  • 2:1 from a recognised university in a highly quantitative subject such as Mathematics, Engineering, Economics or Science.

View full entry requirements

Course overview

Prepare yourself for a career in financial engineering and risk management with our MSc Risk Management and Financial Engineering programme.

This highly quantitative one-year programme, accredited by the Professional Risk Managers' International Association (PRMIA), is designed for technically minded graduates who want a deep, analytical study of risk management and financial engineering.

Combining Python as the primary programming language with AI integrated throughout the curriculum, the programme equips you with the quantitative, computational and technical skills needed to tackle complex financial risk challenges.

You will learn how to put the latest academic thinking and business strategies into practice from leading practitioners and world-class faculty, gaining a thorough, hands-on understanding of risk management, computational finance and financial engineering.

You'll get the opportunity to meet and network with leading global organisations, thanks to our London location and ongoing relationships with major employers in the finance sector.

You also have the option to complete a four-six month work placement (internship) as part of your programme, extending the programme to 16 months and graduating with 120 ECTS. Please note that additional tuition fees apply.

Structure

This page is updated regularly to reflect the latest version of the curriculum. However, this information is subject to change.

Find out more about potential course changes.

Please note: it may not always be possible to take specific combinations of modules due to timetabling conflicts. For confirmation, please check with the relevant department.

Before the programme begins you will be expected to complete some pre-study modules which are delivered via Canvas, Imperial Business School’s virtual learning environment (VLE).

These modules will be available to students who have accepted an offer of admission from July onwards, and are designed to give you a basic knowledge of areas which will be covered by the programme throughout the academic year.

 

You will study one foundation module in September. This is made up of four components and introduces the tools of modern finance and enhances your career development skills.

  • Foundations in Risk Management and Financial Engineering: Applications of R for Finance

  • Foundations in Risk Management and Financial Engineering: Markets & Securities

  • Foundations in Risk Management and Financial Engineering: Financial Statistics

  • Foundations in Risk Management and Financial Engineering: Data Structures & Algorithms with Python 

You’ll study six core modules taught through lectures, interspersed with quantitative case studies. This will allow you to work on real-world problems faced by financial firms, using extensive data sets and computer programs.

 

  • Empirical Finance: Methods and Applications
  • Financial Statistics
  • Financial Engineering
  • Investments and Portfolio Management
  • Risk Management and Valuation
  • Stochastic Calculus

Electives allow you to personalise your programme to match your own interests. You will take either three (if you do the Research Project) or four (if you do the Applied Project) from the following elective modules. All students will be required to take at least one key elective.

Electives

In the summer term, you will choose between undertaking two types of projects, in order to develop specialist skills and subject knowledge to benefit your future career. 

You can either pursue an Applied Project together with an additional elective, or a traditional Research Project. If you have secured a work placement, you will be able to link your project to the area of finance of the employer organisation.

 

  • Applied Project
  • Research Project
  • Extended Work Placement

Access additional work placement opportunities, including longer summer internships in the UK and worldwide. You'll gain deeper work experience credentials and boost your marketability with potential future employers.

The Extended Work Placement contributes to the development of your managerial potential, developing your skills in managing real business tasks, and drawing on the knowledge and skills achieved in other modules of the programme.

Professional accreditation

We are among a handful of business schools worldwide to achieve triple accreditation:

We have also been recognised for our work in tackling gender inequality in higher education with a Bronze Athena SWAN award.

Teaching and assessment

Teaching and learning methods

  • Case studies
  • Equipment/technique demonstrations
  • Presentations and seminars
  • A group of people interacting
    Group work
  • Person at lectern giving speech
    Lectures
  • Blackboard virtual learning environment
    Virtual learning environment
  • Recorded lectures available online
    Lecture recordings
  • People collaborating and completing practical work.
    Practical classes
  • Work placement opportunity
  • Workshops
  • In-class quiz
    Pre-programme online modules

Assessment methods

  • Case studies
  • Person completing coursework
    Continuous assessments
  • Essays
  • Formal presentations
  • Multiple choice tests
  • Person participating in classroom discussion.
    Participation
  • Papers from a written report
    Reports
  • A person completing a written exam
    Written exams

Entry requirements

We consider all applicants on an individual basis, welcoming students from all over the world.

How to apply

Apply online

If you are applying to the Business School, this course must be submitted as your first choice in your application to be considered. If you are applying for a Finance Master's, we will take your areas of interest and eligibility into account when considering you for alternative programmes.

Apply now

Application deadlines – Round 1 closes on Tuesday 29 September 2026

Fees and funding

Tuition fee

2027 entry

Not set
As a guide, the fee for 2026-27 was £51,000

Extended work placement option

2027 entry

Not set
As a guide, the fee for 2026-27 was £52,500

Scholarships

View all scholarships

How will studying at Imperial help my career?

Discover solutions to real-world business challenges with guidance from industry experts.

With specialised knowledge, you'll be highly sought after in a range of sectors.

Investment banking, asset and investment management, and sales and trading are just some of your options.

Other potential career paths include corporate or retail banking, hedge funds, M&A, finance, accounting services, research, and private wealth management.

Further links

Contact the department

Visit the Imperial Business School website.

Imperial College Business School Postgraduate Student

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Terms and conditions

There are some important pieces of information you should be aware of when applying to Imperial. These include key information about your tuition fees, funding, visas, accommodation and more.

Read our terms and conditions

You can find further information about your course, including degree classifications, regulations, progression and awards in the programme specification for your course.

Programme specifications