Coventry University

MSc Risk Management

All businesses make decisions – and typically, decisions have risks. The effective management and governance of these risks can drive the success of a business, especially in the face of challenges such as health pandemics, climate-related events, and the intense scrutiny of a company’s reputation.

Take our virtual tour

The MSc Risk Management course, which is recognised by the Institute of Risk Management, aims to help you develop the ability to identify, analyse and manage contemporary risks, such as cyber security threats, as well as developing related transferable management skills. When put together, upon graduation, you should be able to enact positive change in an organisation, helping to promote sustainable business resilience.

Learning will be enhanced through simulations and real-life examples, offering you the ability to practically apply various risk management tools and techniques. This hands-on experience culminates in a final business project, which offers the opportunity to undertake a company internship, typically lasting between 8 and 12 weeks (subject to competitive application, availability and meeting visa requirements, plus additional fees may apply).

Alongside these opportunities for practical experience, the course benefits from experienced academic staff with substantial risk management research and industry experience, covering the petroleum sector, large scale engineering projects, and public sector governance (please note staff are subject to change). Renowned industry experts are also involved in the delivery of course content through guest lectures, which provide industry perspectives and key employability skills (subject to availability).

You can also benefit from a wide range of opportunities designed to extend your knowledge and learning and obtain a global perspective through our Business Simulation Suite (subject to availability) and engagement with modules that are created to address risk management issues globally. These features combine to ensure that, upon successful completion, you should be well prepared to work in a variety of contemporary organisations around the world.

Entry Requirements

Applicants should hold a good honours undergraduate degree (minimum 2:2 or higher) in a relevant academic discipline, such as business, management, or risk, including within industries such as energy or engineering.

This course requires IELTS of 6.5 overall, with no component lower than 5.5. Pre-sessional English is available if required.

Career Prospects

The course aims to help prepare you for a variety of potential risk management careers, whether in the public, private or voluntary sector. You should, upon successful graduation, be well prepared to become an effective leader in the field of risk management and to address the complex issues currently facing risk managers, including the growing threat of cyber-security risks, and how data can be applied to manage and govern risks.

The course aims to help prepare you for a variety of potential risk management careers and to teach you how to be an effective leader in the field of risk management and to address the complex issues currently facing risk managers in a variety of organisational settings, whether in the public, private or voluntary sector.

You should develop advanced capabilities in strategic thinking, effective communication and research, all directly relevant to employers and of great value when seeking future employment. Upon the successful completion and meeting CMI requirements on the Professional development module, you can gain a Level 7 Certificate in Strategic Leadership and Management and a Level 7 Award in Professional Consulting, which are highly regarded by employers. Please visit the CMI website for full details on the criteria (and applicable fees) to qualify as a Chartered Manager, as well as any other accreditation and professional recognition matters.

Alongside our CMI module, we also offer a module dedicated to ‘Consultancy Skills’, which should help to prepare you for a future risk management career, where the ability to advise and steer business decisions may be crucial. Also to help prepare you for your future, our ‘Postgraduate Business Project’ module gives you the option to apply for a company internship, typically lasting between 8 to 12 weeks, which could see you apply the knowledge you have learnt to a real business context (subject to competitive application, availability and meeting visa requirements, plus additional fees may apply).

We recognise the importance of preparing students for the working environment and have invested heavily in aiming to provide support and opportunities for our students to enhance their graduate employment prospects. During your course, you will have the opportunity to access to support from the University’s careers and employability team, with many of our employability staff having previously worked in industry. This mean they have experience of the recruitment process, so they understand the labour market, the skills sought by employers and the processes used by employers to select candidates. Please note that staff are subject to change.

Course Details

The MSc Risk Management course aims to equip you with the specialist knowledge of risk management and application of risk management tools and techniques within the context of organisations in diverse industries. Developed in line with Institute of Risk Management frameworks, it looks to develop industry-ready and occupationally competent graduates with a wide range of the skills and attributes required for potential careers in risk management.

Successful risk management practitioners have the ability to think strategically, to communicate effectively and to implement complex business projects, solve complex issues, and develop both proactive and reactive response strategies for organisations. To help with this, the course emphasises building problem-solving skills across several of the core modules and also through the use of business simulations and appropriate software and hardware solutions, sometimes even including virtual reality (VR) headsets and accessories (subject to availability).

The MSc Risk Management course can help you to develop a broad perspective on the management of risk, covering contemporary topics such as how to mitigate cyber security risks, how to apply data to the analysis of risks, and how to approach risk management in a sustainable way.

In addition to subject knowledge, emphasis is also placed developing transferable business skills, such as communication skills, both written and presentation (individual and group), and consultancy skills, which can be key in risk management careers. When taking into account organisational and national culture, together with different time zones and the geographical spread of teams, communication and persuasion can be difficult. As a result, the MSc Risk Management course emphasises communication throughout the course and will give you opportunity of working with others in groups to simulate working in risk management teams.

Both of the ‘Postgraduate Business Project’ and ‘Consultancy Skills’ modules aim to provide a context for learning advanced quantitative and qualitative research methods, collating sources of information and writing a substantial individual piece of work which should demonstrate your ability to relate academic knowledge to organisational practice. The Postgraduate Business Project also offers the opportunity for a company internship, which can allow you the opportunity to put theory into practice in a real business setting (subject to competitive application, availability and meeting visa requirements, plus additional fees may apply).

Consultancy skills
Towards governance of global risk management
Risk, crisis and business continuity management
Risk management in practice
Applications of data in risk analysis
Mitigating cyber and corporate security risk
Sustainable approach to risk management
Risk strategies for organisational decisions
Postgraduate business project
Leading strategic change through creativity and innovation

*The information’s are correct at the time of publishing, however it may change if university makes any changes after we have published the information. While we try our best to provide correct information, It is advisable to call us or visit university website for up to date information.

Are you ready to start building your future?

Contact our admission counseller and get a free consultation.