MSc Risk Management

The global business environment is more complex and interconnected than ever before. Major shifts can happen in a day. The pace of change keeps increasing.

The MSc Risk Management at GCU is designed for today - and industry recognises this. Double-accredited by the Chartered Insurance Institute (CII) and the Institute of Risk Management (IRM), the MSc Risk Management is available in both Glasgow and London.

As a student, you'll gain the cutting-edge knowledge and practical skillset to navigate the complexities and challenges of risk management in today's world.

  • Build skills in establishing risk policy and structures
  • Master the design and review processes for risk management
  • Practise building processes for risk response
  • Learn how to develop contingency and business continuity programmes

GCU is a global leader in risk management education and research. Our experts pursue high-impact research and investigate real-world problems in risk management. For example, we conducted a recent government-funded study assessing the risks associated with private finance in the construction industry and produced a recent report on the risks associated with e-commerce.

Our staff publish on subjects like insurance risk regulation, occupational health and safety, healthcare risk management, financial risk management and more - contributing to public knowledge and the common good.

In our thriving GCU community, we encourage every student and graduate to help build the common good as well. That means exploring ways to make a positive impact, whatever you do, wherever you go.

Your career

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.

Enterprise Risk and Modelling

You will gain an understanding of the theory involved in contemporary risk management processes and practices. Providing you with an understanding of the building techniques required to assemble a risk analysis model.

Global Perspectives on Risk

You will learn how to critically analyse a wide range of risks, including managerial, cultural, political, ethical and economic factors impacting on international businesses. You will also evaluate a range of risk management strategies and tactics available to international businesses.

Risk Financing and Insurance

You will learn the basic principles of risk finance, examine insurance theory and undertake a critical evaluation of insurance practice. Alternative risk financing methods such as options, futures, swaps and securitisation will also be analysed.

Business Continuity and Crisis Management

You will examine the relationship between risk management and business continuity management, study the key drivers of Business Continuity and the strategies involved when an organisation faces a crisis situation.

Ethics and Corporate Governance

This module explores the key issues in corporate governance and the extent to which the arrangements currently in place secure corporate accountability.

Personal and Professional Development

Enables you to identify, understand, develop and articulate your personal abilities in the context of your future career aspirations.

Research Methods

This module develops advanced skills related to a range of research methods needed for academic and practical research at Masters level.


The final element of the programme is the dissertation, which provides you with an opportunity to design and undertake a piece of research in a selective area of risk management.

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

  • 2017/18


Mode of study


Start date



Full Time
16 Months
15 Jan 2018
GCU Glasgow
Distance Learning
2 - 3 Years
22 Jan 2018
GCU Glasgow
Award Mode of study Duration Start date Location  
MSc Full Time 16 Months 15 Jan 2018 GCU Glasgow Enquire Apply
MSc Distance Learning 2 - 3 Years 22 Jan 2018 GCU Glasgow Enquire Apply

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

2:2 Hons degree (or equivalent) in a relevant subject such as risk management, insurance financial services, actuarial studies, business, management, marketing, economics, finance, accounting, mathematics, health & safety, health, science, engineering, law.

Students with degrees in other areas should demonstrate involvement in or familiarity with risk management practice i.e. employment in a relevant role or interest in transferring to this field.

English language

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.

Additional information

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.

International pathways

If you do not meet the English language requirements, you may be eligible for the English for University Study programme.

The tuition fees you pay are mostly determined by your fee status. What is my student fee status?

View fees for entry January 2018 

View part-time and distance learning fees.

Additional costs

In addition to course tuition fees, you may encounter additional costs during your time at University.

View additional costs


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.

View our Undergraduate scholarships.

View our January 2018 scholarships.

For new international students, particular care is taken around our induction events which begin on 22 January 2018 and 14 September 2018 to welcome you to the UK and GCU prior to the start of teaching. There will be a whole host of fun and informative activities taking place during this period, including campus tours, city tours and social events where you can meet other international students. Where possible, we encourage you to arrange travel to allow you to arrive in time to enjoy these.

Find out more about international life at GCU.

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 summativeassessment. Assessment is by a varietyof means such as case studies, portfolios,essays and reports.

Postgraduate Scholarships

Help fund your studies with a postgraduate scholarship from GCU. Discounts, bursaries, and scholarships available.