MSc Financial Risk Management (MSc FRM)
A computer-science MSc applying quantitative modelling and financial engineering to market, credit and wider financial risks, with an individual project.
What you’ll study
Core
- Data-driven Modelling of Financial Markets
- Probability Theory and Stochastic Processes
- Financial Engineering
- Market and Credit Risk
- MSc Financial Risk Management Project
Electives
- Applied Computational Finance
- Numerical Methods for Finance
- Operational, Climate, and Emerging Risks in Finance
- Networks and Systemic Risk
- Market Microstructure
- Machine Learning with Applications in Finance
- Algorithmic Trading
- Financial Market Modelling and Analysis
- Financial Institutions and Markets
- Blockchain Technologies
Source: ucl.ac.uk ↗
Before you apply
- Background
- UK upper second-class degree or equivalent in a relevant subject with a strong quantitative component; mathematics and statistics marks should be at least upper second-class standard.
- English
- UCL English language Level 2.
Source: ucl.ac.uk ↗
After graduation
The programme doesn’t publish an employment report.
QuantNet’s 2026 ranking reports 2025 full-time graduating cohort: 64% employed at graduation; 88% employed three months after graduation employment and a £61,409 reported compensation figure for the 2025 full-time graduating cohort. The table labels this “Base salary”; the methodology defines average starting salary and sign-on bonus. Components are not reconciled by the source; this is not a median. starting salary. See the ranking ↗
Want to see what employers ask for? Browse open quant roles.
What students and graduates say
Threads from QuantNet and other forums where applicants, students and graduates discuss this programme. They’re personal views and may be out of date.
- QuantNet programme profile and reviews: University College London — MSc Financial Risk Management (QuantNet)
Confirmed for September 2027 entry (2027–28). Modules are indicative and may change. Computer Science department-wide graduate outcomes have not been attributed to this programme.
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.