BScFinancial Risk Management
Risk Management plays a central role in the modern financial industry, by modelling the potential costs that could arise from changes in the markets or the broader economy. Using advanced statistical techniques, estimates can be made of the value at risk if extreme events were to occur. This allows financial institutions to take pre-emptive action such as hedging their exposure using derivatives contracts. Students on the Financial Risk Management degree will learn theories exploring market, credit and enterprise risk, whilst gaining expertise in the statistical software that is used to measure these risks. There is an integrated placement year, which allows students to gain valuable practical experience working in a professional environment.
- Entry requirements
- AAA + GCSE Mathematics grade B or equivalent
- English language requirements
- An IELTS score of 6.5 with a minimum of 5.5 in each test component.
- Tuition fees
- £20,800 / ¥187,200
Course Content
Year 1
- Instruments, Markets and Institutions
- Mathematics for Finance
- Actuarial Mathematics 1
- Statistical Methods
- Financial Reporting and Analysis
- Foundations of Economics 1
- Placement Preparation Module
Year 2
- Enterprise Risk Management
- Excel Analysis
- Investment Analysis
- Actuarial Mathematics 2
- Monetary Theory
- Introduction to Financial Econometrics
- Placement Learning
Year 3
- Placement Year
Year 4
- Credit Risk
- Python for Finance
- Equity Research
- Corporate Finance
- Financial Engineering
- Actuarial Econometrics and Data Science
Related courses
- Economics
- 3 years (L100)
- Economics and Accounting
- 3 years (LN14)
- Economics with Finance
- 3 years (LN12)
Applications open
Why Queen's
Industry Links
Students are eligible for free membership of the Association of Insurance and Risk Managers in Industry and Commerce (AIRMIC).
Placements
There is an integrated placement year which gives students the opportunity to work for a major financial institution. This gives real world experience, and makes students more competitive when seeking graduate employment.
Student Experience
- Students can take part in the QUB Student Managed Fund which gives participants the opportunity to invest real money and manage the risk of their portfolios.
- The Finance & Actuary society runs social and educational events for members, such as the end of year formal.
- Students can sign up for the London or Dublin Study Trips to visit leading financial companies in these cities.
- Students can choose from a wide range of Master’s programmes as well as a comprehensive list of research topics; see the School website for further information.
Queen’s Business School is committed to the continuous improvement and enhancement of all of its degree programmes. New modules may be developed and included to replace or enhance those which are mentioned.
Careers/further study
Risk Management roles are available in a wide range of companies, particularly within the financial sector. You will be involved in evaluating the risks to an organisation from movements in stock, bond and currency markets, the impact of borrowers defaulting on their debts, and a range of other enterprise risks such as those arising from cybersecurity and supply chains. You will need to quantify the risk aversion of your organisation, and design mitigations to ensure that your company can continue to thrive even under worst case scenarios.
Typical career destinations
Typical career destinations of graduates include:
- investment banks
- fund managers
- retail banks
- insurance firms
