Risk Management MSc

This accredited course will enable you to navigate not just the numerical but also the behavioural aspects of human psychology towards risky decisions.

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Risk management is relevant to all aspects of industry, commerce, consultancy and the public sector. Over the past couple of years there has been a strong realisation that risk needs to be managed and not avoided, which in turn has a major impact on organisational strategy. To this end, this course has been designed for those wanting to have a career in Risk Management as well as professionals from a variety of sectors who are interested in strengthening their careers in risk management.

On this course you will gain analytical, problem solving, ethical decision making and people management and leadership skills and knowledge to succeed in the fast-paced corporate world. Knowledge and skills on management of risks are key parts of risk review, which will enable you to manage contemporary risks more effectively in the future, and prompt you to think about new risks that are emerging.

The course balances theoretical analysis with practical application to develop a critical and questioning approach to the conceptual underpinnings of risk management. To this end the course leads with modules that critically examine the scope of generic risk management, business continuity and crisis management, the internal control of risk, different approaches to risk management decisions, and specialise in relevant risk-related topics.

Key features

  • This course is accredited by the Institute of Risk Management and you can also earn exemptions from their professional examinations.
  • You will navigate not just the numbers but also the behavioural aspects of human psychology towards risky decisions.
  • The Dissertation in Risk Management module in blocks Five and Six will enable you to develop research in a specialist area of risk management.
  • The Consultancy Project in Risk Management will give you the opportunity to work on a real-world project.


DMU offers a range of undergraduate and postgraduate scholarships and bursaries to help you realise your academic ambitions.

International Scholarships

Find out about available scholarships and country specific fee discounts for international students. 


More courses like this:

Finance and Investment MSc

Banking and Finance MSc

Accounting and Finance MSc

Forensic Accounting MSc


DMU has been shortlisted for the Postgraduate Award in the 2024 Whatuni Student Choice Awards (WUSCAs), as voted for by students.

  • UK
  • EU/International

Programme code: N29072

Duration: One year full-time

Start dates: September 2024

Fees and funding:

2024/25 tuition fees for UK students: £10,450

Find out more about course fees and available funding.

Programme code: N29072

Duration: One year full-time

Start dates: September 2024

Fees and funding:

2024/25 tuition fees for EU and international students: £17,950

Find out more about course fees and available funding.

Entry criteria

Entry criteria

Applicants will normally hold an undergraduate degree in any subject with a minimum pass of 2:2, or equivalent overseas qualification, or an equivalent professional qualification.

English Language requirements

If English is not your first language an IELTS score of 6.0 (including a minimum of 5.5 in each component) or equivalent is normally required. 

English Language tuition, delivered by our British Council-accredited Centre for English Language Learning, is available both before and throughout the course if you need it.

Structure and assessment


Course modules

Teaching and assessment



Course modules

  • Block 1: Principles and Practice of Risk Management 
  • Block 2: Governance, Assurance and Risk
  • Block 3: Business Continuity, Project and Crisis Management
  • Block 4: International Finance and Strategic Financial Decision Making
  • Block 5 & 6: Choose one from the below:
    • Dissertation in Risk Management
    • Consultancy Project in Risk Management

See detailed module descriptions

Note: All modules are indicative and based on the current academic session. Course information is correct at the time of publication and is subject to review. Exact modules may, therefore, vary for your intake in order to keep content current. If there are changes to your course we will, where reasonable, take steps to inform you as appropriate.


Teaching and assessment

You will be taught through a combination of lectures, tutorials, seminars, workshops, case study analysis, presentations, collaborative group presentations or work projects, simulations, computer modelling and guest lectures.

Assessment is through individual and group assessments, presentations, examinations, case study analysis and reports. 


The course is accredited by the Institute of Risk Management and you can also earn full exemptions from all six papers of their Diploma level professional examinations. This will allow you to apply for full GradIRM status, one of only four such university programmes in the UK. In addition, after three years of work experience, you can apply for full Chartered membership.

Facilities and features

Hugh Aston Building

You will have access to our purpose-built Hugh Aston Building, equipped with lecture theatres and classrooms, break-out spaces for group work, quiet study zones for individual work and IT labs. Wherever possible, students will be given home access to specialist software.

You’ll also have access to the building’s new £5.5 million extension called The Yard, which provides more than 22,000 square metres of extra space. This is designed to facilitate your learning experience with large and airy breakout spaces, a new Student Advice Centre, and a balcony on the top floor. The Yard also features more comfortable classrooms and self-study spaces, allowing you to carry out independent study as well as group work.

Library services

On campus, the main Kimberlin Library offers a space where you can work, study and access a vast range of print materials, with computer stations, laptops, plasma screens and assistive technology also available. 

As well as providing a physical space in which to work, we offer online tools to support your studies, and our extensive online collection of resources accessible from our Library website, e-books, specialised databases and electronic journals and films which can be remotely accessed from anywhere you choose. 

We will support you to confidently use a huge range of learning technologies, including Learning Zone, Collaborate Ultra, DMU Replay, MS Teams, Turnitin and more. Alongside this, you can access LinkedIn Learning and learn how to use Microsoft 365, and study support software such as mind mapping and note-taking through our new Digital Student Skills Hub. 

The library staff offer additional support to students, including help with academic writing, research strategies, literature searching, reference management and assistive technology. There is also a ‘Just Ask’ service for help and advice, live LibChat, online workshops, tutorials and drop-ins available from our Learning Services, and weekly library live chat sessions that give you the chance to ask the library teams for help.

Learning zones

Our Learning Zones and The Greenhouse also provide space for group or individual work and study.

There are 1,600 study places across all library locations, more than 700 computer stations, laptops to borrow, free wi-fi and desktop power outlets.

You can also book rooms with plasma screens, laptops and DVD facilities for group work and presentations, secure an individual study room with adjustable lighting or make use of our assistive technology.

Opportunities and careers

Find the people who will open doors for you

DMU's award-winning careers service provides guaranteed work experience opportunities DMU Careers Team

DMU Global

This is our innovative international experience programme which aims to enrich your studies and expand your cultural horizons – helping you to become a global graduate, equipped to meet the needs of employers across the world.

Through DMU Global, we offer a wide range of opportunities including on-campus and UK activities, overseas study, internships, faculty-led field trips and volunteering, as well as Erasmus+ and international exchanges.


Graduate careers

The Department of Accounting, Finance and Economics has a strong work-related bias, offering professional, postgraduate and undergraduate courses.

Careers in ‘risk management’ are likely to remain relatively buoyant as an employment option. This is because as the world becomes ever more unpredictable and unstable, in business terms, the demand for risk managers is likely to be ongoing. This is also added to by the increased amount of ‘risk regulation’.

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