Risk Management MSc
Overview
All businesses make decisions – and typically, decisions have risks. The effective management and governance of these risks can drive the success of a business, especially in the face of challenges such as health pandemics, climate-related events, and the intense scrutiny of a company’s reputation.
Learning will be enhanced through simulations and real-life examples, offering you the ability to practically apply various risk management tools and techniques. This hands-on experience culminates in a final business project, which offers the opportunity to undertake a company internship, typically lasting between 8 and 12 weeks (subject to competitive application, availability and meeting visa requirements, plus additional fees may apply).
Alongside these opportunities for practical experience, the course benefits from experienced academic staff with substantial risk management research and industry experience, covering the petroleum sector, large scale engineering projects, and public sector governance (please note staff are subject to change). Renowned industry experts are also involved in the delivery of course content through guest lectures, which provide industry perspectives and key employability skills (subject to availability).
You can also benefit from a wide range of opportunities designed to extend your knowledge and learning and obtain a global perspective through our Business Simulation Suite (subject to availability) and engagement with modules that are created to address risk management issues globally. These features combine to ensure that, upon successful completion, you should be well prepared to work in a variety of contemporary organisations around the world.
Course information
The MSc Risk Management course aims to equip you with the specialist knowledge of risk management and application of risk management tools and techniques within the context of organisations in diverse industries. Developed in line with Institute of Risk Management frameworks, it looks to develop industry-ready and occupationally competent graduates with a wide range of the skills and attributes required for potential careers in risk management.
Successful risk management practitioners have the ability to think strategically, to communicate effectively and to implement complex business projects, solve complex issues, and develop both proactive and reactive response strategies for organisations. To help with this, the course emphasises building problem-solving skills across several of the core modules and also through the use of business simulations and appropriate software and hardware solutions, sometimes even including virtual reality (VR) headsets and accessories (subject to availability).
The MSc Risk Management course can help you to develop a broad perspective on the management of risk, covering contemporary topics such as how to mitigate cyber security risks, how to apply data to the analysis of risks, and how to approach risk management in a sustainable way.
In addition to subject knowledge, emphasis is also placed developing transferable business skills, such as communication skills, both written and presentation (individual and group), and consultancy skills, which can be key in risk management careers. When taking into account organisational and national culture, together with different time zones and the geographical spread of teams, communication and persuasion can be difficult. As a result, the MSc Risk Management course emphasises communication throughout the course and will give you opportunity of working with others in groups to simulate working in risk management teams.
Both of the ‘Postgraduate Business Project’ and ‘Consultancy Skills’ modules aim to provide a context for learning advanced quantitative and qualitative research methods, collating sources of information and writing a substantial individual piece of work which should demonstrate your ability to relate academic knowledge to organisational practice. The Postgraduate Business Project also offers the opportunity for a company internship, which can allow you the opportunity to put theory into practice in a real business setting (subject to competitive application, availability and meeting visa requirements, plus additional fees may apply).
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