Glasgow Caledonian University offers the Master of Risk Management as a full-time degree delivered on campus at its Glasgow campus in United Kingdom. Taught in English and completed over 2 years, the program equips students with the theoretical knowledge and practical skills required for risk management and related professional fields. The next available intake begins on January 29, 2027.

About Master of Risk Management

Available as a One Year Masters, as a Two Year (with Professional Practice) Masters, by distance learning or with a fast track option.

All decision-making entails uncertainties and the challenges posed by risk have never been more apparent. Adaption to this ''new normal'‌ is essential.

Consider:

Seismic ripples from health pandemics will reverberate throughout the foundations of society for years to come
Increasingly volatile climate-related events are unravelling organisational plans in the short and long term
Geopolitical tensions, populist forces, terrorism and escalating trade wars distort the once-calm waters of multinationals
Corporate reputations are precarious and a minor error on social media can induce crisis

The path to risk resilience is as exciting as it is complex and requires a new generation of skilled risk managers to lead the way.

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 today and in the future.

This course provides you with contemporary knowledge of risk practices. This includes: crisis management, cyber risk, insurance and risk transfer, business continuity management and managing risk in a global context. You will explore state-of-the-art risk management processes enabling you to identify emerging organisational risks, analyse and model their effects and design effective response strategies.

Study Risk Management at GCU and turn risk into your opportunity.

Please note that new applications to this programme's January 2023 intake are now closed for international and EU (without pre-settled status) students. Applications remain open for students from the UK and Republic of Ireland.

Join the increasingly important world of risk studying data acquisition, organisational risk analysis and impact-assessing insight. Progress to a career in a wide range of industries with employers such as Turner and Townsend, Continuity2, Barclays

You will 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.

You will develop:

The ability to engage critically with contemporary theoretical concepts, strategies, policies and practices of risk management
Skills to apply the knowledge, approaches and methods to address operational and strategic risk management challenges in an international context
A theoretical and practical understanding of real-world issues, from an international perspective, identifying responsible decision-making and ethically driven behaviours
A critical understanding of research techniques and methodologies and apply these to an independent research project relating to an appropriate topic
Personal and transferable skills related to independent research, problem solving, critical thinking, group working, ICT, employability skills and inter-personal communication.

Applied Professional Practice; Business Continuity and Crisis Management; Contemporary Issues in Insurance; Ethics, Governance and Responsible Leadership; Financial Securities Analysis; Global Perspectives on Risk; Risk Analysis and Modelling; Risk and Organisational Resilience; Masters Research Project.

Download the Programme Specification for a detailed breakdown of its structure, what you will learn and other useful information.

Contemporary Issues in Insurance

This module will develop your knowledge and understanding of the fundamental principles which underpin the practices of insurance. It will explore the implications of fast-paced emerging risks and their actual and potential impacts on the modern insurance industry. As such, this 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, you will come to better understand how insurance is utilised in real-world situations and continually adapts in response to contemporary risk issues.

Financial Securities Analysis

The module centres on developing your critical awareness of the financial risks inherent in financial markets and your abilities to analyse the products which are used to manage these risks. Upon completion, you will be able to independently 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. This module will leave you well equipped to undertake roles requiring an understanding of financial risk issues.

Risk and Organisational Resilience

This module introduces you to key theoretical concepts and risk management processes and practices. In particular, you will critically explore the role that 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; strategy, 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. A strong emphasis is placed on real-world case studies in order to contextualise learning.

Risk Analysis and Modelling

This module will equip you with highly sought-after practical risk analysis and modelling skills to enable 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 project and financial risk concerns such as time and cost overruns and ultimately credit/bankruptcy risk. Complementing this quantitative approach, you will also be taught how to construct non-financial risk models 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, while 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 course 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.

Requirements and Admission Criteria for Master of Risk Management at Glasgow Caledonian University

Entry Requirements

Bachelor degree with GPA of 2.3/4.0 scale OR;
Bachelor degree with GPA of 2.7/5.0 scale

English Requirements

PTEMin 54
IELTSMin 6
TOEFLMin 78

Career Opportunities after Completing Master of Risk Management

Having a recognised degree-level risk management qualification will give you access to a career in any industry sector.

GCU's Risk Management graduates have gone on to work with PwC, Marsh & McLennan, GSK, Morgan Stanley, ScottishPower, Aviva, Lloyds of London, Transport for London (TfL), Balfour Beatty, Camelot, Network Rail, Tesco Financial Services, Local authorities and government organisations, Aon and the NHS.

Fee Information

How to Apply

The easiest way to apply for a postgraduate programme is using our online application form. This form is simple to complete and allows you to upload additional documentation to support your application.

At peak times, the University receives an exceptionally high volume of applications and enquiries. We will make every effort to respond to applicants as soon as possible.

Please note that currently, it may take slightly longer than usual to respond to your enquiry or provide an initial decision on your application.

Some additional documents help GCU evaluate your application. They support the information you provided in your application form. Certificates, transcripts and references are very important. Your personal statement is your opportunity to tell GCU why you want to apply for your chosen course and so is equally as important.