As organisations face a growing number of global and strategic challenges, and the need for responsible leadership, good governance and ethical behaviour continues to rise, highly qualified risk management professionals find themselves in great demand.
Glasgow Caledonian University's MSc Risk Management explores strategic and operational risk in the context of wider organisational resilience. This research-led postgraduate programme is available to study in either full time mode; as part of our thriving international community based on campus or distance learning mode; benefiting from our full support at a time and place that suits you.
Join a leading UK provider with over 30 years risk management teaching experience and benefit from our longstanding links and excellent reputation with industry bodies and professionals while developing the advanced skillset employers need.
Our graduates are highly competitive candidates for job opportunities in the UK and across the world. Graduates find successful roles in risk management, risk analysis, risk co-ordination, insurance and business continuity management and more in a wide range of industry sectors including banking, insurance, consultancy, oil and gas, transport, and construction.
What you will study
You'll become part of a specialist but diverse student community, experiencing a truly international working environment, learning from peers and teaching staff from around the world, gaining real insight into the major similarities and differences in approaches to global risk management.
Start your journey to becoming a global risk manager by learning these key aims:
- Learn to critically evaluate appropriate models and techniques for diverse competitive environments in the global economy
- Become an effective global citizen by understanding how to adapt to different business practices in a variety of cultural environments.
Contemporary Issues in Insurance
The module is structured around four key topics: an introduction to the basic principles of risk financing, a detailed examination of insurance theory, critical analysis of insurance -practice, and an examination of contemporary risk issues and the global insurance marketplace. Through consideration of contemporary examples, we will underline how insurance is utilised in real world situations in response to contemporary risk issues.
Financial Securities Analysis
The module aims to develop a critical awareness of the financial risks inherent in financial markets and analyse the products which are used to manage these risks. You will be able to carry out a comparative analysis of the different types of fund management, highlighting the advantages and disadvantages, be able to critically analyse the methods of asset pricing which are available and ultimately create and justify your selection of various investment portfolios.
Risk and Organisational Resilience
This module introduces you to key theoretical concepts and risk management processes and practices and the role these play in building organisational resilience. It will provide you with a thorough understanding of current thinking on risk management strategy, culture, and operations, while considering cutting edge risk issues.
Global Perspectives on Risk
This module will enable you to understand the concepts and context of international business and critically analyse a wide range of risks such as; managerial, cultural, political, ethical and economic which impact on these businesses. You will also evaluate a range of risk management strategies and tactics available to these international businesses in preparation for your future career.
Risk Analysis and Modelling
This module will equip the student with highly sought-after practical risk analysis and modelling skills to allow you to confidently assess, model and predict risk. You will develop real-world applicable skills and utility from an organisational perspective; with real data examples, you can model and calculate financial risk concerns such as credit/bankruptcy risk. In addition, you will be shown how to construct a non-financial risk model for assessing practical risk of any type of scenario, based on a qualitative assessment of risk.
Business Continuity and Crisis Management
The module will examine business continuity management (BCM) and crisis management in the context of a wider risk management strategy. Using the BCM lifecycle it will demonstrate how to undertake an analysis of the business environment, prepare analytical frameworks, implement BCM system and ensure that a process of regular monitoring, testing and exercising takes place. The importance of embedding BCM in organisational culture is discussed as a key element of this entire process. This module also examines the implementation of crisis management and communication strategies before and after a crisis event in order to mitigate or soften its impact.
Ethics, Governance and Responsible Leadership
By examining the private, public and social enterprise sectors, you will be equipped with a set of analytical tools and concepts to drive responsible decision-making, whilst highlighting the difference between compliance and ethically driven behaviours. You will gain a theoretical and practical understanding of real world issues, from a UK and global perspective, and learn from the PRME related principles and the Common Good attributes which are central to this module.
Applied Professional Practice
Following on from the knowledge you have gained in Ethics, Governance and Responsible Leadership and with a focus on self-reflection, in this module you will develop your professional competence by undertaking a professional engagement activity. The link between these two core modules reinforces the significance of ethical and responsible decision making and leadership within your future career.
Masters Research Project
The final element of the programme is the Masters Research Project which provides you with an opportunity to design and undertake a piece of original research. You will apply methods and theories that are commonly used within the field of risk management and with the support of internationally published literature demonstrate best practice in this field.
All entry requirements listed here should be used as a guide and represent the minimum required to be considered for entry. Applicants who are made a conditional offer of a place may be asked to achieve more than is stated.
Typical entry requirements
UK Honours degree 2:2 or equivalent
Academic IELTS score of 6.0 (or equivalent) with no element below 5.5.
Please note: if you are from a majority English speaking country, you may not be required to provide further proof of your English Language proficiency.
Other academic and vocational qualifications
Each application to GCU is considered on an individual basis. If you do not have the typical academic entry qualifications, but can demonstrate relevant work experience and/or credits from recognised professional bodies, you may be eligible to enter this course via the University's Recognition of Prior Learning scheme.
If you do not meet the English language requirements, you may be eligible for the English for University Study programme.
Fees and funding
The tuition fees you pay are mostly determined by your fee status. What is my student fee status?
Tuition fees 2018/19
- Home: £5500
- RUK: £5500
- EU: £5500
- International: £12600
If you commence your studies in September 2018 or January 2019, these are the annual or module fees that apply to the duration of your course; however, fees are subject to change. For full details on how fees may change read our fees and refund policy.
In addition to course tuition fees, you may encounter additional costs during your time at University.
We provide high-quality education for a fair price; as the University for the Common Good, we are committed to offering accessible higher education for talented students by keeping our tuition fees low and providing a generous scholarship package of over £2.5 million per year.
If you have any questions or enquiries regarding scholarships available for 2018/19, please feel free to contact the student enquiries team.
International student start dates
For new international students, orientation events start on 14 September 2018. This extra time is specifically designed to assist new international students in settling into the UK and GCU prior to the start of general student induction and teaching.
There will be a whole host of fun and informative activities taking place during this period, including campus and city tours, as well as welcome events where you can meet other international students.
Accredited by the Chartered Insurance Institute (CII) and the Institute of Risk Management (IRM), this programme is designed to provide you with the skills to excel in a role as a risk manager, risk and insurance manager or risk analyst or clinical risk manager within a variety of organisations and sectors.
Assessment will be continuous through a combination of formative and summative assessment. Assessment is by a variety of means such as case studies, portfolios, essays and reports.
Program taught in: