MBA Master of Business Administration
The MBA program at Durham University is a full-time, intensive course aimed at developi...
MSc Risk
Durham City
INTAKE: October
Program Overview
The MSc in Risk at Durham University focuses on developing a thorough understanding of risk in a variety of contexts, including financial, operational, environmental, and strategic risks. The program provides students with a strong foundation in risk theory and the application of risk management strategies. Through a blend of classroom learning, case studies, and research projects, students will develop both the quantitative and qualitative skills necessary to assess, manage, and mitigate risks in complex environments. This program is ideal for students looking to pursue careers in sectors that deal with risk, resilience, and safety in global markets.
Curriculum: The curriculum of the MSc in Risk is structured to provide a balanced education in both the theory and practice of risk management. Core modules typically include Risk Management Frameworks, Risk Assessment and Quantification, Business Continuity and Crisis Management, and Decision-Making under Uncertainty. Students also have the opportunity to specialize in key areas of risk, such as Financial Risk, Environmental Risk, Cyber Risk, and Operational Risk Management. A key component of the program is the research dissertation, where students can explore a risk-related topic in-depth, benefiting from the university’s expertise and guidance from leading academics in the field.
Research Focus: Durham University is internationally recognized for its research excellence in risk studies. The MSc in Risk draws on cutting-edge research from Durham’s Institute of Hazard, Risk, and Resilience, one of the leading centers for interdisciplinary research on risk, resilience, and sustainability. The university’s research focuses on global challenges such as environmental hazards, climate change, economic instability, and cybersecurity threats. Students are encouraged to engage with this research culture and contribute to innovative solutions for managing risks at both local and global levels. The program’s strong research focus ensures students develop the analytical and problem-solving skills needed to approach complex risk issues effectively.
Industry Engagement: Durham University has strong links with industry leaders, government agencies, and international organizations, providing students with opportunities to engage with real-world risk management challenges. The MSc in Risk program offers access to a range of guest lectures, industry seminars, and networking events where students can interact with professionals in risk management, insurance, finance, and policy. The program also includes opportunities for internships and collaborative research projects, allowing students to gain practical experience and apply their knowledge to real-world situations. These industry engagements enhance students’ employability and provide them with invaluable connections in the field.
Global Perspective: The MSc in Risk at Durham University embraces a global perspective, addressing risk management in an increasingly interconnected world. The program encourages students to consider risks from an international viewpoint, analyzing global risk factors such as geopolitical instability, climate change, and the effects of economic crises. With an international student body and a focus on global case studies, the program provides students with the opportunity to explore how risk management practices are applied across different regions and industries. Durham’s strong international research collaborations and partnerships with universities, governments, and multinational corporations further broaden the global outlook of the program.
Location
Durham City
Score
IELTS 6.5
Tuition Fee
£ 21500
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 60% to 70% 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 92, with at least 23 in Listening, Reading, Speaking, and Writing.
- PTE Academic: A minimum overall score of 62 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.
Durham University offers a range of scholarships and bursaries to both domestic and international students.
Durham University Scholarships and Bursaries: These are awarded to both undergraduate and postgraduate students based on academic excellence, financial need, or specific criteria such as subject area or country of origin.
Durham International Scholarships: These are awarded to exceptional international students who are pursuing undergraduate or postgraduate studies at the university. The scholarship covers a portion of tuition fees and is renewable for the duration of the course.
Government Scholarships: Durham University participates in a number of government scholarship programs, including the Chevening Scholarship and the Commonwealth Scholarship.
College-Specific Scholarships: Some colleges at Durham University offer scholarships and bursaries to their students, such as the Van Mildert College Music Scholarship and the St. Mary's College Travel Grant.
Departmental Scholarships: Some academic departments at Durham University offer scholarships specifically for international students. These scholarships may be discipline-specific or focused on supporting students from specific regions or countries.
Vice-Chancellor's Scholarships: The Vice-Chancellor's Scholarships are prestigious scholarships awarded to exceptional international students across all academic disciplines. These scholarships cover the full tuition fees and provide a generous living allowance for the duration of the program. The selection process is highly competitive and based on academic merit and leadership potential.
Graduates of the MSc Risk program from Durham University have promising career opportunities in various industries.
Risk Analyst: Graduates can work as risk analysts, assessing and evaluating risks to assist organizations in decision-making.
Risk Manager: Graduates may become risk managers, overseeing risk management processes and implementing strategies for risk reduction.
Financial Risk Specialist: Graduates can pursue careers as financial risk specialists, analyzing and managing financial risks for businesses and institutions.
Consultant: Graduates may work as risk management consultants, offering their expertise to organizations seeking to improve risk management practices.
Insurance Analyst: Graduates can explore opportunities in the insurance sector, analyzing risks to determine appropriate insurance policies.
Compliance Officer: Graduates may work as compliance officers, ensuring that organizations adhere to relevant risk management regulations and standards.
