This innovative course sets the standards for graduate programmes in financial risk management the world over.¬†Over the last ten years the ICMA Centre has built a world-class reputation in risk management, we are the leaders in this field in the¬†UK and our degree has been carefully structured to provide students with the specialised knowledge they need.
In addition, this course is also accredited by¬†PRMIA¬†(Professional Risk Managers Association) and students will be taking courses that are closely linked to the PRM handbook.¬†Students of this course will be exempt from PRM Exams I and II, which form the majority of the PRM Certification Programme; the most broadly recognised designation for risk managers and is the only one to have received public endorsements from several leading firms.
There is a large and rapidly growing demand for properly qualified graduates in financial risk management. Our degree has been carefully structured to provide students with the specialised knowledge they need for this challenging profession.
||Minimum 2:1 or the equivalent from an overseas institution*.|
||Any degree discipline, but must have a good level of numeracy.|
||We may ask you to submit a GMAT score if we think it appropriate in your individual case. For example, if you have been out of education for more than a few years or have little evidence of any numerical ability.For information on the GMAT and the location of test centres worldwide, please visit¬†www.mba.com|
* Please note that due to increasing competition for places on our Masters programmes our entry requirements may change.
We operate a rolling admissions system and you are therefore advised to apply early in order to be sure of your place on our programmes. We are experiencing high levels of demand for 2013 entry, and it is possible we will have to close applications to some programmes once places are filled.
Proficiency required for international students enrolling in this degree for entry in September 2013 will be:
TOEFL (Test of English as a foreign language): Overall score of 100 for the internet based test, with no less than 22 in Reading, 21 in Listening, 23 in Speaking and 21 in Writing.
IELTS (British Council International English Language Test):¬†Score of 6.5 overall with no component less than 6 when attending the 6-week pre-sessional English course offered by the University of Reading. Entry to this pre-sessional course with a score of 6.5 fulfils your English language requirement.
Please note that students not attending a Pre-Sessional course will need to pass IELTS with an overall score of 7 and no component less than 6.5. For more options please see http://www.reading.ac.uk/islc/ or email a member of the Postgraduate Admissions team.
For more details, contact: firstname.lastname@example.org
|Full-time||Flexible Learning||Distance Learning|
|MSc Financial Risk management||¬£19,500||¬£18,500||¬£16,500|
Fees are the same for both EU and overseas students.
Fee structure for the¬†flexible and distance learning programmes¬†is for the length of the entire programme (ie 18 months or 24 months respectively)
Living expenses are in addition to the above fees. Overseas full-time participants can expect to spend approximately ¬£9,400 on additional living expenses during the course of their studies. Home/EU full-time participants can expect to spend approximately ¬£8,000 on additional living expenses during the course of their studies. Flexible participants can expect to spend approximately ¬£5,000 during their part 2 studies.
How to apply
Full-Time MSc Applications
Applications for 2013 entry are open for all programmes.
The ICMA Centre operates on a rolling admissions basis, meaning that prospective students can apply for our programmes throughout the year, however we do advise to apply early in the year. We aim to return a decision within 4-6 weeks of receiving your application.
Flexible and Distance Learning Applications
Do I need to take GMAT?
If you are unsure as to the need to take GMAT (Graduate Management Admissions Test), please apply without taking it. We will advise in the form of a conditional offer if we think that it is necessary for you to take it. Obtaining a good score in the quantitative section of the test can support your case at the Admissions Committee. The GMAT is not a mandatory requirement for applications to the MSc programme, but can enhance an application. More information about the GMAT can be obtained at¬†www.mba.com.
When is the deadline for applications?
There is no fixed deadline for full-time applications. However, you are advised to apply early, as the admission process can take up to 4-6 weeks to complete. Places become very limited from June onwards. You are encouraged to telephone the Centre after that date to clarify the situation.
Deadline for Flexible and Distance Learning applications: Wednesday 14th August 2013.
How long will it take to receive an answer to my application?
The admissions process will take up to 4-6 weeks from receipt of a completed application. We will endeavour to process your application sooner, however, the delay is normally due to outstanding supporting documents.
My referee has sent his reference direct, is this OK?
Yes. We keep all references and match them with applications when they are received.
Who decides on the suitability of an application?
Each application is considered by the Admissions Committee, made up of academic members of staff and the Admissions Officer.
How do I pay the ¬£1000 deposit and when is the deadline?
By Sterling cheque payable to the¬†University of¬†Reading¬†by credit card or bank transfer.
Applicants accepted on to an ICMA Centre MSc programme should pay their deposit by the deadline indicated in the ¬†recommendation e-mail from the ICMA Centre.
Where do I send my information proving that I have fulfilled my conditions?
Send this information to the Postgraduate Admission Office, the ICMA Centre will be automatically updated. Their full address is:Postgraduate Admissions Office Henley Business School
University of Reading
PO Box 218 Reading
Am I qualified to do this programme?
We can only give a considered answer to this question if we have received a completed application form and supporting documents. Without this information it is difficult to make any evaluation of your previous qualifications.
To whom should I address any queries about my application?
All queries should be addressed to the Admissions Team:¬†email@example.com.
Does the ICMA Centre provide funding? If not, how do I fund the programme?
A range of scholarship awards are available. Please refer to the¬†ICMA Centre Scholarships¬†pages for further details.
How do I arrange accommodation?
All enquiries concerning accommodation should be directed to Student Services, telephone number +44 (0)118 378 5555.
Careers in Risk Management
On completing the degree, you will be well prepared to follow a career in the challenging fields of risk¬† management, or risk analysis with banks, regulators, portfolio managers, corporate treasury, risk management software implementation, specialist financial boutiques and hedge funds.
The role of risk analyst will suit students with good mathematical or computational skills, who wish to utilise cutting-edge quantitative modelling techniques to develop advanced risk assessment and hedging tools. Less quantitative roles include: regulation; market, credit or operational risk¬† management; portfolio management; and enterprise-wide risk management.
Most of our FRM graduates are now working for large banks in London and abroad, hedge funds and regulators. Demand from employers continues to grow, despite the crisis in banks and associated financial institutions. Regulators, governments, advisors and commentators are unanimously endorsing the call for more, and better qualified risk managers and analysts to join the financial¬† industry.
There has never been a better time to pursue a career in financial risk management.
For more information regarding graduate destinations, please visit¬†www.icmacentre.ac.uk/careers
Professional Development and Accreditation
PRM Exams I and II
Students who complete the appropriate modules within degree will be eligible for exemption from these exams which form a major part of the PRM Certificate.
ICMA International Fixed Income and Derivatives (IFID) Certificate
Students who successfully complete this degree including the module International Securities Markets will be granted this certificate.
Students are eligible for exemption from two Diploma modules:
- Financial Derivatives
- Bonds and Fixed Interest Securities
Further information is available regarding exemption criteria in¬†MScs and Professional Qualifications.