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  1. Project Management, Finance and Risk
    1. 2016
    2. 2017

Project Management, Finance and Risk

MSc |
Apply scientific methods in a real-world context on the MSc Project Management, Finance and Risk programme, and discover how to measure risk on any scale.

Key Information

Start date

Autumn 2017


Full-time: 1 year
Part-time: 2 years


Full-time: £12,000

Part-time: £6,000 per year


Full-time: £16,000

Part-time: £8,000 per year

Application period

Until There is no fixed application deadline

Who is it for?

This postgraduate Project Management, Finance and Risk programme is for those pursuing or planning a career in managing the introduction of capital goods or applying the latest project management techniques to complex projects. It is particularly suited to students with a scientific or financial engineering background as we cover quantitative risk assessment in depth, which requires an aptitude for measuring and analysing data.

I’m interested in analysis – I don’t care if a student gets something wrong if they can show me that they have a proposition and they have done the analysis and drawn a conclusion.

David Stupples, Programme Director


Consider the risks contained within a project such as the Euro Tunnel. Two governments sponsoring the project and nine billion pounds of finance ring-fenced through a special purpose company to complete it. Will it be finished on time and will it secure the revenues to service the debt? These are the kinds of questions we address on this programme.

MSc Project Management, Finance and Risk gives you a foundation in quantitative risk assessment and decision-making under uncertain conditions, coupled with classical engineering economics and financial engineering.

From analysing indecision within games theory to rebuilding a country’s infrastructure, we explore the drivers in which businesses operate, and the challenges and opportunities that project managers face. Bringing in expertise from the Sir John Cass Business School, together with people from industry and the banking sector, we pool diverse skill sets to solve complex problems.

Requirements and how to apply

Entry requirements

Applicants should hold a lower second class honours degree or the equivalent from an international institution in a subject with suitable mathematical content, such as engineering or physics. Applicants with other qualifications are also considered.

English requirements

Students who have previously studied a degree taught in a language other than English will be required to have the following qualification:

IELTS: 6.5.

Due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.

Visa requirements

If you are not from the European Economic Area / Switzerland and you are coming to study in the UK, you may need to apply for a visa or entry clearance to come to the UK to study.

The way that you apply may vary depending on the length of your course. There are different rules for:

  • Students on courses of more than six months
  • Students on courses of less than six months
  • Students on a pre-sessional English language course.

If you require a Tier 4 student visa to study in the UK, you cannot undertake any City courses on a part-time basis.

For more information see our main Visa page.

How to apply

Apply for an MSc in Project Management, Finance and Risk

We encourage online applications. However, we ask that you also send two references and your original transcript by post as soon as possible after submitting your online application to:

Postgraduate Courses Offices
School of Mathematics, Computer Science & Engineering
City University London
Northampton Square

academic staff and 50% visiting lecturers deliver the programme
EU and international cohort so you analyse problems with peers from every part of the world
project management training is included within this degree


Explore up-to-date information about funding options, available financial support and typical living costs.

More about funding

Future Finance Loans

Future Finance offers students loans of between £2,500 and £40,000 to help cover tuition fees and living expenses. All students and courses are considered. All loans are subject to credit checks and approval for further details please visit the City Finance website.

Student views

City Journalism student Zohra Moledina interviews Manju Loku, a Msc Management, Finance and Risk student, about his experience studying at City.

Academic facilities

As part of the University of London you can become a member of Senate House Library for free with your student ID card.

Learn a language for free

We offer a free language course for City University London students.

Find out how to apply

Teaching and learning

The programme consists of six taught modules, a non-assessed Introductory Mathematics module, plus a dissertation. Of the six taught modules four are core and the remaining two are elective which you will need to select from a range of options. The delivery of the modules is balanced across both terms and is organized into modules comprising four consecutive day courses taken at a rate of one a month or so, followed by tutorial support, guided private study, coordinating group activities, and coursework. This format makes the programme attractive to those who wish to study part time while retaining full-time jobs. Exams (not all modules have examinations) take place at the University's standard examination periods, and the dissertation work is completed during the summer term.

Full-time students complete the programme in one year and will be expected to devote a significant part of their non-taught hours to project work and group activities, as well as private study. The duration of a part-time programme is two years (this may be extended to three years in order to cater for individual circumstances).


Capital goods manufacturers are changing into the providers of services selling the function of the capital item rather than the item itself. This change demands new ways based on financial engineering and risk analysis to price, manage and service the resulting contracts. Capital projects are also evaluated on the basis of life cycle cost and revenue streams in an uncertain environment.

Course content:

This course provides a basis in risk and decision making under uncertainty, classical engineering economics and financial engineering for those pursuing a career or planning a career in capital goods or project management. In addition the course offers practical skills in management, leadership, entrepreneurship, software and communications tools.

The course is modular and each module lasts four days. The structure is designed to allow both full and part-time students to follow the course.

Core modules

  • Managing Risk and Uncertainty (20 credits)
  • Optimisation and Decision Making (20 credits)
  • The Project Lifecycle 20 credits)
  • Financial Engineering and Project Planning (20 credits)
  • Introductory mathematics (zero credits)
  • Dissertation (60 credits)

Elective modules include

You will choose two elective modules.

  • Communication and Presentation (20 credits)
  • Perspectives on Management and Leadership (20 credits)
  • Supply Chain Management (20 credits)
  • Entrepreneurship, Innovations and Enterprise (20 credits)
  • Decision Sciences 1 - Complex Systems and Networks (20 credits)

Career prospects

Graduates completing the course will be prepared for a wide range of careers involving project management, risk management and financial planning. It is particularly suited if you are planning to work in infrastructure management and development which involve management of supply chain and/or financial risks.

Additionally, the course is ideally suited if you are pursuing or planning a career in any of the following:

  • Capital goods
  • Project Managers in the construction Industry
  • Investment bankers
  • Banking analysts
  • Financial risk analysts
  • Real estate managers
  • Marketing managers
  • Aircraft engineers
  • Entrepreneurs starting their own businesses'.

Students are supported by the Careers, Student Development & Outreach team who offer a professional, high quality careers and information service.

Application Deadline

There is no fixed application deadline

Apply for an MSc in Project Management, Finance and Risk

We encourage online applications. However, we ask that you also send two references and your original transcript by post as soon as possible after submitting your online application to:

Postgraduate Courses Offices
School of Mathematics, Computer Science & Engineering
City University London
Northampton Square

Contact details

Programmes Office (room A302)

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