MBM Master of Business Management
The MBM program at the University of Essex is designed to develop well-rounded business...
MSc Financial Engineering and Risk Management
Colchester Campus
INTAKE: October
Program Overview
The MSc Financial Engineering and Risk Management program at the University of Essex is designed to provide students with a solid foundation in financial engineering, quantitative analysis, and risk management techniques. This program combines theoretical knowledge with practical skills, preparing students for careers in the dynamic field of finance.
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Quantitative Finance: Students gain a strong understanding of quantitative finance principles and techniques. They learn how to apply mathematical and statistical models to analyze financial markets, price derivatives, and manage investment portfolios. Students also explore topics such as stochastic calculus, risk-neutral pricing, and numerical methods in finance.
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Risk Management: The program focuses on risk management in financial institutions and corporations. Students learn how to identify, assess, and mitigate various types of financial risk, including market risk, credit risk, and operational risk. They study risk measurement techniques, risk modeling, and the use of derivative instruments for risk hedging.
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Financial Engineering: Students delve into the field of financial engineering, which involves the design and implementation of innovative financial products and strategies. They learn how to create structured financial products, develop risk management tools, and optimize investment strategies using mathematical and computational techniques.
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Financial Modeling and Simulation: The program emphasizes the use of advanced financial modeling and simulation techniques. Students learn how to build and analyze financial models using software tools and programming languages. They gain hands-on experience in simulating financial scenarios, stress testing portfolios, and assessing the impact of market movements on investment performance.
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Data Analysis and Machine Learning: Students explore the application of data analysis and machine learning techniques in finance. They learn how to analyze large financial datasets, extract meaningful insights, and develop predictive models for financial forecasting and decision-making.
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Regulatory Environment: The program covers the regulatory environment in which financial institutions operate. Students gain an understanding of financial regulations, compliance requirements, and risk governance frameworks. They also learn about ethical considerations in financial engineering and risk management practices.
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Industry Engagement: The University of Essex has strong connections with the financial industry, providing students with opportunities for industry engagement. They may participate in guest lectures, workshops, and networking events, gaining insights from industry professionals and building valuable connections.
Location
Colchester Campus
Score
IELTS 6.5
Tuition Fee
£ 20350
Postgraduate Entry Requirements:
- Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 50 to 55% 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 6.0.
- TOEFL: A minimum overall score of 90.
- PTE Academic: A minimum overall score of 62 with no individual score below 51.
- 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 entry requirements may vary across different programs and courses. Additionally, meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as the number of available places and competition for certain courses.
The University of Essex offers a range of scholarships and financial support options to assist students in their academic journey. These scholarships are designed to recognize and reward academic excellence, promote diversity and inclusion, and provide assistance to those facing financial challenges.
- Academic Excellence Scholarships: The university offers scholarships to outstanding students who demonstrate exceptional academic achievements. These scholarships are typically merit-based and provide financial support towards tuition fees or living expenses.
- International Scholarships: The University of Essex provides scholarships specifically designed for international students. These scholarships aim to attract and support talented students from around the world. Eligibility criteria and award amounts may vary, and they may cover a portion of tuition fees or provide assistance with living expenses.
- Subject-specific Scholarships: Some departments and schools within the university offer scholarships tailored to specific academic disciplines. These scholarships are often awarded to students with exceptional academic records or those who demonstrate a strong commitment to their field of study.
- Access and Participation Scholarships: The university is committed to promoting diversity and inclusion. It offers scholarships and financial support to students from underrepresented backgrounds, including those from low-income families or individuals who are the first in their family to attend university.
- Government-funded Scholarships: In addition to internal scholarships, the University of Essex provides information and guidance on scholarships and funding opportunities offered by external organizations and government agencies. These scholarships may be available to students based on factors such as nationality, field of study, or research interests.
- Sports Scholarships: The university recognizes the importance of sports and offers scholarships to talented athletes who demonstrate exceptional sporting abilities. These scholarships provide financial support along with access to sports facilities, training programs, and dedicated support services.
It is important to note that scholarship availability, eligibility criteria, and application processes may change over time.
Graduates of the MSc Financial Engineering and Risk Management program have excellent career prospects in the finance industry.
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Quantitative Analyst: Graduates can work as quantitative analysts, developing and implementing mathematical models and algorithms for pricing derivatives, analyzing investment strategies, and managing risk.
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Risk Manager: Graduates can pursue careers as risk managers in financial institutions, corporations, or consulting firms. They may be responsible for identifying, assessing, and mitigating financial risks and ensuring compliance with regulatory requirements.
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Financial Engineer: Graduates can work as financial engineers, designing and implementing innovative financial products, structured solutions, and risk management tools.
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Data Analyst: Graduates can work as data analysts in the finance industry, analyzing large datasets, conducting financial research, and developing data-driven insights for investment decision-making.
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Portfolio Manager: Graduates can pursue careers as portfolio managers, responsible for managing investment portfolios, optimizing asset allocations, and implementing risk management strategies.
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Financial Consultant: Graduates can work as financial consultants, providing expertise in financial engineering and risk management to organizations. They may assist in financial modeling, risk assessment, and strategic financial decision-making.
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Regulatory Analyst: Graduates can work in regulatory bodies or compliance departments, ensuring compliance with financial regulations, conducting risk assessments, and providing guidance on regulatory requirements.
