The aim of the MSc in Banking and Risk is to give students the knowledge, understanding and key skills that will enable them to be effective risk analysts and managers in financial institutions, especially banks, in any country in the world.

Why choose the MSc in Banking & Risk?

Find out why our students chose to study the MSc Banking and Risk at the University of Edinburgh Business School »

Programme overview

Our MSc in Banking and Risk is different from the majority of similar programmes because it meets the demands of specialist departments within financial firms. For instance, our students learn about specific models in bank risk and use the leading business analytics software packages. Typically, this is not covered in conventional MSc programmes in Finance or Banking in the UK. Our course focuses on banking as a multifaceted industry rather than an academic discipline.

Programme structure

In the first term (Sep-Dec) you will take induction and core courses. These are highly crafted and specialised, and include statistics for finance, financial markets and institutions, and risk management. During the second term (Jan-May), you will take econometrics and credit risk courses and choose two optional courses, which can include investment management, data mining, risk management, and financial engineering. The final dissertation will be written over the summer term (Jun-Aug).

Knowledge exchange

Our MSc in Banking and Risk utilises knowledge and skills gained through the research carried out by members of the Credit Research Centre (CRC) and the Edinburgh Strategic Resilience Initiative (ESRI) in the Business School. The CRC is a leading international research centre specialising in credit risk modelling that is highly focused on the needs of the industry. ESRI brings together researchers from a number of different disciplines and proposes solutions to improve the capacity of financial institutions to resist adversity, stress and shocks.

Industry links

Engagement with financial institutions in several countries is a special feature of our programme. We promote a wide range of events where our students can interact with practitioners directly. Examples include: visits to UK financial institutions, events with practitioners, guest lectures, presentation of case studies, and dissertations proposed by financial institutions. In some cases, students are invited to spend up to three months in those institutions to work on their projects as part of a paid internship.