MSc Financial Risk Management

• Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60% or equivalent.
• English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
  • IELTS: A minimum overall score of 6.5 with no individual component below 6.
  • TOEFL: A minimum overall score of 90, with at least 19 in Listening, 20 in Reading, 19 in Speaking, and 23 in Writing.
  • PTE Academic: A minimum overall score of 60 with no individual score below 59.
• Some postgraduate programs may have specific subject prerequisites or additional requirements.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.

The University of Glasgow offers a variety of scholarships to both domestic and international students to help support their studies. These scholarships are offered at both the undergraduate and postgraduate levels and are awarded based on merit and financial need.

1. Postgraduate Taught Excellence Scholarship: This scholarship is available to international students studying a master's program and offers a tuition fee discount of up to £5,000.
2. Postgraduate Research Scholarship: This scholarship is available to international students pursuing a research degree and covers the full cost of tuition fees.
3. Sir Fitzroy Maclean Postgraduate Scholarship: This scholarship is available to international students pursuing a postgraduate degree in either the School of Humanities or the School of Social and Political Sciences.
4. Chancellors Award: This scholarship is available to both domestic and international students studying any discipline at the University of Glasgow and offers a tuition fee discount of up to £10,000.
5. Glasgow International Leadership Scholarship: This scholarship is available to international students studying any postgraduate program and offers a tuition fee discount of up to £10,000.
6. Glasgow Refugee, Asylum and Migration Network Scholarship: This scholarship is available to students who have sought refuge in the UK and are studying any undergraduate or postgraduate program.

The MSc Financial Risk Management program at the University of Glasgow is designed to equip students with the knowledge and skills necessary to manage financial risks in today's dynamic and complex financial landscape. This program prepares graduates for rewarding careers in various sectors of the finance industry.  

1. Risk Manager: Graduates can work as risk managers, responsible for identifying, assessing, and managing financial risks faced by organizations. They develop risk management strategies, implement risk mitigation measures, and monitor risk exposure. The program provides graduates with a strong foundation in risk assessment techniques, financial modeling, and regulatory frameworks, making them well-prepared for risk management roles in financial institutions, insurance companies, and multinational corporations.

2. Quantitative Analyst: Graduates can pursue careers as quantitative analysts, also known as "quants," who use mathematical and statistical models to analyze and manage financial risks. They develop risk models, conduct scenario analysis, and assess the potential impact of market movements on investment portfolios. The program equips graduates with advanced quantitative skills, programming knowledge, and risk modeling techniques, making them highly sought-after by investment banks, hedge funds, and asset management firms.

3. Risk Consultant: Graduates can work as risk consultants, providing advisory services to businesses on risk management practices. They assess the risk exposure of organizations, recommend risk mitigation strategies, and help develop risk management policies. The program equips graduates with a comprehensive understanding of financial risk frameworks, industry best practices, and regulatory requirements, making them valuable assets for risk consulting firms and financial advisory companies.

4. Compliance Officer: Graduates can pursue careers as compliance officers, ensuring that financial institutions adhere to regulatory requirements and industry standards. They assess compliance risks, develop compliance programs, and monitor regulatory changes. The program provides graduates with knowledge of financial regulations, compliance frameworks, and risk management practices, making them well-suited for compliance roles in banks, investment firms, and regulatory bodies.

5. Financial Analyst: Graduates can work as financial analysts, specializing in risk analysis and management. They evaluate the financial performance of companies, assess risk exposure, and provide recommendations on investment decisions. The program equips graduates with a strong understanding of financial analysis techniques, risk assessment methodologies, and valuation principles, making them competitive candidates for financial analyst roles in investment banks, consulting firms, and corporate finance departments.

6. Risk Governance Specialist: Graduates can pursue careers as risk governance specialists, responsible for developing risk governance frameworks and ensuring effective risk management practices within organizations. They establish risk policies, coordinate risk committees, and ensure compliance with risk management standards. The program provides graduates with a deep understanding of risk governance principles, organizational risk culture, and regulatory compliance, making them well-suited for risk governance roles in financial institutions, government agencies, and regulatory bodies.

7. Credit Risk Analyst: Graduates can work as credit risk analysts, assessing the creditworthiness of borrowers and evaluating the potential credit risks faced by lending institutions. They analyze financial statements, conduct credit risk assessments, and recommend credit risk mitigation strategies. The program equips graduates with the skills to analyze creditworthiness, evaluate loan portfolios, and assess default probabilities, making them well-prepared for credit risk analyst roles in banks, credit rating agencies, and financial institutions.

8. Insurance Risk Manager: Graduates can pursue careers in insurance companies, specializing in insurance risk management. They assess insurance risks, develop risk management strategies, and determine appropriate insurance pricing and coverage. The program provides graduates with a deep understanding of insurance risk models, actuarial techniques, and regulatory frameworks, making them valuable assets in insurance companies and risk management departments.

9. Market Risk Analyst: Graduates can work as market risk analysts, monitoring and assessing the potential impact of market movements on investment portfolios and trading activities. They analyze market trends, conduct stress tests, and develop risk management strategies. The program equips graduates with knowledge of financial markets, risk measurement techniques, and portfolio management principles, making them well-suited for market risk analyst roles in investment banks, asset management firms, and hedge funds.

10. Risk Modeling Specialist: Graduates can pursue careers as risk modeling specialists, focusing on developing and enhancing financial risk models used for risk assessment and decision-making. They design and implement quantitative models, validate model performance, and ensure compliance with regulatory requirements. The program provides graduates with advanced modeling skills, programming knowledge, and risk management techniques, making them highly valuable in financial institutions, consulting firms, and regulatory bodies.