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Graduate (Taught)
Application code:N4U3
Department of Finance

MSc Finance and Risk

The MSc Finance and Risk provides a comprehensive understanding of the various facets of risk, risk management, and regulation.

Overview

Introduction

The success of virtually all organisations depends crucially on their ability to operate in the face of various risks. Risk management is increasingly recognised as central to the success of the organisation. This programme addresses such questions as:

  • What types of risks exist in various settings?
  • What are the appropriate ways to classify, measure and manage risk?
  • How do firms, financial institutions, governments and markets increase, decrease or change the nature of risk?
  • What techniques can be used to transfer risk in markets, firms or societies?

Through this programme you'll acquire a broad knowledge of risk management and regulation. By choosing from a list of elective courses you'll be able to customise the programme according to your desired area of specialisation.

The programme is supported by Deutsche Bank, including a series of practitioner seminars run by Deutsche Bank as part of the core course.

Entry requirements

  • Undergraduate degree

Upper second class honours (2:1) degree or international equivalent in any discipline and good quantitative skills.

  • Quantitative skills

Successful applicants usually have a solid undergraduate background in one or more of the following areas: Economics, Finance, Mathematics, Statistics and Accounting. However, we also welcome applications from candidates with other backgrounds. If you don't have sufficient background in these areas, we may require you to take one or more LSE Summer School courses.

  • GRE/GMAT

GMAT or GRE is required for all applicants without a UK undergraduate degree (GMAT strongly preferred). See more information below under "Additional tests".

  • Professional experience

Work experience (either through internships or full employment) is not a pre-requisite; however, applicants who have some professional experience should include this in their application, as it may strengthen their application.

  • English language

You may also have to provide evidence of your English proficiency, although you do not need to provide this at the time of your application to LSE.

See our English language requirements.

Please select your country from the dropdown list below to find out the entry requirements that apply to you.

Overseas

English language requirements

The English language requirement for this programme is Standard. Read more about our English language requirements.

Competition for places at LSE is strong. So, even if you meet the minimum entry requirements, this does not guarantee you an offer of a place.

However, please don’t feel deterred from applying – we want to hear from all suitably qualified students. Think carefully about how you can put together the strongest possible application to help you stand out from other students.

Programme content

Year 1

You'll take courses to the total value of four full units. These will be made up of compulsory finance courses and optional courses offered by the Department of Finance and other departments where regulations permit. These elective courses can offer you flexibility to tailor your degree to your academic and professional interests.

MSc comparison: an overview of all the master’s programmes

Why study with us

Discover more about our students and department.

Meet the department

The Department of Finance is one of the largest and most highly respected finance groups in the UK and Europe.

With a longstanding reputation for excellence in both teaching and research, we offer various undergraduate, postgraduate and executive programmes.

Our research and teaching span the full range of financial sub-fields, including:

  • corporate finance
  • asset pricing theory
  • risk management
  • empirical analysis of capital markets
  • behavioural finance
  • portfolio analysis
  • derivatives pricing
  • microstructure
  • financial econometrics.

We're also closely associated with two leading research groups at LSE – the Financial Markets Group and Systemic Risk Centre, which host seminars, conferences and public lectures by renowned academics and practitioners.

Our research is regularly published in leading academic journals globally. Faculty members work closely with national and international institutions, such as the Bank of England and the World Bank, informing policy at the highest levels.

The department was ranked the top place to study finance in the Good University Guide 2024.

Learn more about our programmes and research.

Your application

Overview

We welcome applications from all suitably qualified prospective students. At LSE, we want to recruit students with the best academic merit, potential and motivation, irrespective of background.

We carefully consider each application and take into account all the information included on your application form, including your:

  • academic achievement
  • additional test scores
  • two academic references
  • CV
  • academic statement of purpose.

See further information on supporting documents

Contact us

If you have any questions about the academic programme or admissions process please contact the Department of Finance Admissions team at finance.admissionsenquiries@lse.ac.uk.

761
Applications
61
Intake
12:1
2023 Ratio

Fees and funding

The table of fees shows the latest tuition fees for all programmes.

You're charged a fee for your programme. At LSE, your tuition fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It doesn't cover living costs or travel or fieldwork.

Home

£43,900

Home student fee (2025/26)

For this programme, all students pay the same tuition fees, regardless of their fee status.

Deposit

To secure a place on the programme offer holders will be required to pay a non-refundable deposit of 10% of the tuition fee.

For offers issued before May, the deposit will be due within 28 days of receiving the offer.

For offers issued from May onwards, the deadlines are as follows:

  • May: within 21 days
  • June: within 14 days
  • July and August: within 7 days

Learning and assessment

How you learn

Graduate destinations

Overview

Graduates of the department have excellent career prospects. Our MSc programmes prepare students for a range of careers in investment banking, consulting and the wider financial services sector.

Recent graduates from this programme have gone on to work in fields such as finance and banking, consulting, insurance, management, regulation and supervision, and public administration, among others.

Recent employers (past three years):

  • BlackRock
  • CICC
  • Citi
  • Deloitte
  • Deutsche Bank
  • Goldman Sachs
  • JP Morgan
  • KPMG
  • UBS

Recent employment locations (past three years):

  • Beijing
  • Frankfurt
  • Hong Kong
  • London
  • New York
  • Shanghai

In addition to the internationally recognised research environment and academic rigour of its teaching programmes, a great advantage of studying at LSE is the reputation it holds amongst employers for producing high level graduates. Both the LSE Careers service and the Department of Finance aim to help its students be as successful as possible on the job market once they graduate from the programme.

NB: This programme isn't intended as suitable preparation for the PhD Finance at LSE (if you're interested in PhD study, please see the MSc Finance and Economics).

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