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MSc in Banking and Risk

The aim of our MSc in Banking and Risk is to give you the knowledge, understanding and key skills that will enable you 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 differs from the majority of similar programmes because it meets the demands of specialist departments within financial firms. You will learn about the role of banking in the economy and the different risks that banks face and how to manage them. You will also gain practical skills in understanding financial statements, predicting the risks associated with potential borrowers and estimating predictive risks models using computer software. Overall, the programme treats banking as a multifaceted industry rather than an academic discipline.

Learning outcomes

Programme structure

In the first term (Sep-Dec) you will take four core courses, including Introduction to Banking and Statistics for Finance. During the second term (Jan-May), you will take two remaining core courses and will also have the opportunity to choose two option courses, enabling you to tailor your learning towards your chosen career path, such as Behavioural Finance or Investment Management. The dissertation is written over the summer (Jun-Aug) and is overseen by an academic supervisor, with the possibility of researching a live issue faced by a real company.

Programme structure

Knowledge exchange

As a student on our MSc in Banking and Risk you will benefit from the knowledge and research carried out by members of the Credit Research Centre (CRC), which specialises in credit risk modelling, and the Edinburgh Strategic Resilience Initiative (ESRI), which researches ways for financial institutions to improve their capacity to resist adversity and shock. You will also benefit from the expertise of a range of guest speakers from leading organisations, such as the Chief Economist at Lloyds TSB and CEO of Standard Life.

Credit Research Centre

Industry links

Our MSc is accredited by the Chartered Banker Institute (CBI) and all students automatically receive membership on enrollment, giving you access to exclusive events for professionals in the banking sector. We also offer students opportunities to interact directly with banking practitioners by, for example, organising visits to UK financial institutions, hosting guest lecturers, and allowing students to work on dissertations proposed by financial organisations. In some cases, students are offered three-month paid internships to work on their dissertation projects in these institutions.