MSc in Risk Management


Level 7 Diploma in Risk Management: 6 – 8 Months
MSc in Risk Management (TopUp) : 3 – 6 Months

Course Description

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.

Note: The Master’s degree courses are dual qualifications consisting of Level 7 Diploma (OFQUAL certificate) + Top-up programme awarded by partner universities

Why should I choose this Diploma?


Risk management is a fast-growing profession with large graduate employers increasingly offering opportunities to train and specialise in this function at graduate-entry level. This is especially true in the banking and capital market sectors, which are employing more people in their risk teams.

Risk managers are employed in the public sector, charities and in private organisations. Some small organisations carry out risk management duties in the finance or operations departments.

Employers of risk managers include:

  • Banks and financial companies
  • Central and local government
  • Charities
  • Commercial businesses
  • Energy and utilities companies
  • Engineering and construction companies
  • Insurance companies
  • Universities
  • NHS trusts

Key Points

Course Name MSc in Risk Management
 Credits 180 (120+60)
Mode of Study Online Learning

Hybrid Learning (Blended)

Duration 9-18 Months,
Assessments Assignment only (No Exam)
Fees £3,250, (Online)
£6,250 (Hybrid or Blended)(The course tuition fee listed above does NOT include the top-up fees)
Payment Plan Available
Intakes Flexible

Learning Outcomes

After studying this course, you should be able to:

  • Demonstrate knowledge of the range of financial and financial related risks facing organisations
  • Understand the approach to risk management through risk identification, risk measurement and risk management (or mitigation)
  • Understand reputational risk
  • Understand operational risk and how to manage it

Career Direction

Today more than ever, risk management is a vital discipline.
The roles below are just some of those which are concerned with this important issue

  • Risk Surveyor
  • Regulatory Risk Manager
  • Risk and Governance Manager
  • Exit Strategy Manager

Further Education

Achieving the OTHM Level 7 Diploma in Risk Management qualification enables learners to progress into or within employment and/or continue their further studies. As this qualification is approved and regulated by Ofqual, learners are eligible to progress to a Master’s top-up programme at many optional universities in the UK and overseas with advanced standing The top-up programme can be studied online or on campus.


Accreditation   The Diploma in Risk Management programme is accredited by OTHM, an Ofqual regulated awarding body.

Entry Requirements

For entry onto the Level 7 Diploma in Risk Management leading to the MSc Risk Management qualification, learners must possess:

  • An honours degree in related subject or UK level 6 diploma or equivalent overseas qualification i.e., Bachelor’s 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. Please get in touch with us to discuss the specific requirements for your country. If you do not meet the entry requirements as mentioned above, please contact us to find out other possible entry routes.


Qualification Structure

MSc in Risk Management degree is of 180 credits which can be acquired through two stages.

Stage: 1

Level 7 Diploma in Risk Management is made up of the following modules and, upon completion, is equal to a total of 120 credits.


Principles of Risk Management
Strategic Risk Management
Responsible Leadership and Governance
Organisational and Environmental Risk
Risk Analysis and Modelling
Advanced Research Methods

* These modules are core and must be passed in order to achieve the award


Stage 2   MSc in Risk Management (TopUp)

Examples of University Progression


Assessment is by completing assignments and meeting the criteria for each of the modules. These assignments are meant to demonstrate your achievement of learning objectives. All units within this qualification are internally assessed via exams and jobs, which the awarding organisation externally verifies.

The assignments submitted by learners must achieve the learning outcomes and meet the standards specified by the assessment criteria for the unit. Learners can make pass, merit or distinction grade depending on the quality of assignments and questions attempted. To achieve a merit or distinction grade, the learners must demonstrate that they have met all the criteria set for these grades.

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