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The award
MSc

How long you will study
1 year

Domestic course fees
GBP 14500 per year

How you will study
full-time

Course starts
September

International course fees
GBP 22800 per year

All study options

About Banking and Risk at The University of Edinburgh Business School, University of Edinburgh

The aim of our MSc in Banking and Risk is to give you the knowledge, understanding and key skills that will enable you to be effective risk analysts and managers in financial institutions, especially banks, in any country in the world.

Programme overview

Our MSc in Banking and Risk differs from the majority of similar programmes because it meets the demands of specialist departments within financial firms. You will learn about the role of banking in the economy and the different risks that banks face and how to manage them. You will also gain practical skills in understanding financial statements, predicting the risks associated with potential borrowers and estimating predictive risks models using computer software. Overall, the programme treats banking as a multifaceted industry rather than an academic discipline.

Programme structure

In the first term (Sep-Dec) you will take four core courses, including Introduction to Banking and Statistics for Finance. During the second term (Jan-May), you will take two remaining core courses and will also have the opportunity to choose two option courses, enabling you to tailor your learning towards your chosen career path, such as Behavioural Finance or Investment Management. The dissertation is written over the summer (Jun-Aug) and is overseen by an academic supervisor, with the possibility of researching a live issue faced by a real company.

Knowledge exchange

As a student on our MSc in Banking and Risk you will benefit from the knowledge and research carried out by members of the Credit Research Centre (CRC), which specialises in credit risk modelling, and the Edinburgh Strategic Resilience Initiative (ESRI), which researches ways for financial institutions to improve their capacity to resist adversity and shock. You will also benefit from the expertise of a range of guest speakers from leading organisations, such as the Chief Economist at Lloyds TSB and CEO of Standard Life.

industry links

Our MSc is accredited by the Chartered Banker Institute (CBI) and all students automatically receive membership on enrollment, giving you access to exclusive events for professionals in the banking sector. We also offer students opportunities to interact directly with banking practitioners by, for example, organising visits to UK financial institutions, hosting guest lecturers, and allowing students to work on dissertations proposed by financial organisations. In some cases, students are offered three-month paid internships to work on their dissertation projects in these institutions.

Career development

The MSc in Banking and Risk has the potential to transform your career. Our dedicated Student Development Team within the Business School will be an integral part of your student experience from day one. We are here to help you become equipped to maximise your potential in the global market.

This programme could lead to a multitude of roles, including:

  • Audit/Compliance Analyst
  • Banking Regulatory consultant
  • Credit Risk Analyst
  • Financial Services Regulatory advisor
  • Governance and Risk Officer
  • Portfolio Risk Manager
  • Risk Manager (Modelling)
  • Risk Management consultant
  • Securities/Credit Officer

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardMScHow you will studyFull-timeHow long you will study1 year
    Course startsSeptemberDomestic course feesGBP 14500 per yearInternational course feesGBP 22800 per year

Entry requirements

Entry requirements

Entrance to our MSc programmes is strongly competitive. You can increase your chances of a successful application by exceeding the minimum programme requirements.

Academic requirements

You will need a UK first-class or 2:1 honours degree in one of the subjects below, or an equivalent overseas qualification.

Academic background

  • An undergraduate degree in a quantitative subject, finance, economics,business or management is normally required. Acceptable quantitative subjectsinclude mathematics, statistics, operational research, informatics, computerscience, physics, and engineering.
  • Candidates with a very good Honours degree in other areas of study orrelevant business experience will be considered on an individual basis.

Supporting your application

  • Relevant work experience is not required but may increase your chances of acceptance.
  • Preference will be given to those with grades above the minimum requirements due to strong competition for places on this programme.

Applications from current undergraduates

Final year undergraduate students are welcome to apply, so long as your studies will be completed prior to the MSc programme commencement date.

International qualifications

The minimum academic requirement is a UK 2:1 honours degree in a related subject or an equivalent international qualification.

Some examples of equivalent qualifications:

  • Canada: mid B+; 3.3+ (4 point scale); 7.3/8+ (9 point scale)
  • China: 80-85%+; B+
  • Germany: 2.5+ (reverse 5 point scale); Sehr Gut/Gut
  • India: 1st Class degree (60%+)
  • Nigeria: 2:1
  • South Africa: 2:1/1st
  • USA: GPA 3.25+ (4 point scale)

If your home country is not listed above, consult the minimum grade point average (GPA) required by following the link below.

Country-specific advice for international students

Important points

  • The ranking of the university at which you studied is considered when we determine whether or not your degree is equivalent to a first or upper second-class honours degree in the UK.
  • If your degree is not of the required standard and you do not have highly relevant work or other experience, we will normally reject your application.
  • Meeting the degree requirement doesn

What students think about The University of Edinburgh Business School, University of Edinburgh

    Erin Bembe, full time MBA

    After I graduated in 2010 with a BA in Economics, I became a Financial Specialist at the Federal Highway Administration in Washington DC. I returned to study as I had progressed as far as I could in my current role and I also wanted to move from the public sector into the private sector. I chose the University of Edinburgh for its global reputation, its location, and because of the length of the MBA programme (1 year compared to 2 in the US).

    The MBA is an intense full-time program providing an overview of business with the option to specialize in an area of interest. There is a strong focus on sustainability and corporate social responsibility as well as the development of leadership and other soft skills. Because the school is so well placed in Europe and has such a good reputation, it attracts students from all over the world, providing a diverse and stimulating learning environment. The opportunities to learn beyond the classroom – from international business treks to case competitions and undergraduate mentoring programs are vast.

    The programme allowed me to develop both my technical skills and my soft skills which were instrumental in landing me my current job. I am now a Senior Financial Analyst for Johnson & Johnson and was introduced to my current company through the programme’s Capstone project.

    Having an alumni community that I can tap into is important to me. The network I’ve built thus far has been a huge support in my post-MBA life. The programme is quite rigorous and the city can be a huge distraction, so it’s essential to find the right balance between studying and enjoying all that Edinburgh has to offer. Make sure to take advantage of all the opportunities the school provides for development outside of the classroom – the multiple clubs, volunteering opportunities, projects, guest lecturers, and career services.

    Tim Puddy, Masters in International Human Resource Management

    Prior to moving to Edinburgh I completed a BA in Management from the University of York. During the course of the degree I spent a placement year working at the Pharmaceutical Company GlaxoSmithKline. I worked within the Human Resource Development team concerning their future leader programmes.

    I went back to study as I enjoy the stimulating and liberating environment available in academia, and wanted to pursue my interest in HRM. Edinburgh University is an elite university, but more specifically, the Business School provided a route to CIPD accreditation which is key in HRM careers. Being by definition an international programme, the IHRM cohort is also very international and therefore we get so many new perspectives on issues. We have been taught about crucial areas of HRM as well as having particular focuses on the issues an international context brings. These concepts were reinforced during a class trip to Helsinki.

    The CIPD accreditation is hugely important, but to have a deep theoretical background in topical HR issues is even more so. The Reward Management module in particular has helped me get a job in this area as I will be working in reward management for Virgin Money. I will also be maintaining links with the health sector.

    Edinburgh itself is beautiful, vibrant and quaint all at the same time. It is also walkable which is very important to me. I love a good view, and Edinburgh is spoilt with these! Of course its culture and arts scene aren’t too far behind. The city will, I am sure, hold a special place in everyone’s memories so keeping in touch is crucial personally as well as professionally. I encourage new students to make the most of what Scotland and the Business School have to offer.

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