Universities / University of Reading (ICMA Centre, Henley Business School)
MSc Financial Risk Management (MSc FRM)
A one-year risk-focused finance master's mapped to the GARP FRM Part I syllabus, combining markets, econometrics, programming and market and credit risk modules. Optional modules extend into trading, structured products and portfolio management.
What you’ll study
Core
- Investments
- Financial Securities and Markets
- Econometric Analysis for Finance
- Programming for Finance
- Market Risk
- Financial Instruments
- Credit Risk
Electives
- Private Equity and Venture Capital
- Fixed Income Cash and Derivative Markets
- Sustainable Investments
- Investment Portfolio Management
- Research Project
- Advanced Finance Theory with Empirical Applications
- Stock Index Futures
- Work Placement and Project
- Algorithmic and High Frequency Trading
- Alternative Investments and Structured Products
- Sustainability in the Business World
Source: icmacentre.ac.uk ↗
Before you apply
- Background
- Good second-class (2:2) degree or equivalent, any discipline
- Maths
- satisfactory numeracy; applicants may be asked to complete the free Building Blocks of Maths and Stats for Finance course
- Programming
- No entry requirement; offer holders are expected to complete a pre-entry Python for business and finance course before Programming for Finance
- English
- IELTS 6.5 overall, no component below 5.5
- Other
- Recommended application dates: 1 July (international), 1 August (UK/Home)
Source: icmacentre.ac.uk ↗
After graduation
- Employment
- 90% employed or in further study one year after graduation (Careers Survey 2025, Finance graduates)
- Salary
- Page cites an average salary of £44,608 one year after graduation; the Careers Survey 2025 figure for Finance graduates is an average of £36k (average, not median)
- Employers
- Boston Consulting Group, Deloitte, KPMG, Societe Generale, UBS, Alpha Bank, Bangkok Bank, Bloomberg, JPMorgan Chase, Lloyds Banking Group, PwC
Source: icmacentre.ac.uk ↗
Want to see what employers ask for? Browse open quant roles.
GARP-accredited (mapped to FRM Part I); PRMIA Exam 1 exemption. Employment figures are published for Finance graduates generally, not this programme specifically. Forums not researched.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.
Similar programmes
London, United KingdomQFDSBirkbeck, University of LondonLondon, United KingdomMSc FMBrunel University of LondonLondon, United KingdomMSc QFCity St George's, University of London (Bayes Business School)London, United KingdomMMFImperial College LondonLondon, United KingdomRMFEImperial College LondonLondon, United KingdomMSc Stats (Stat Fin)Imperial College London