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Project Management, Finance and Risk  MSc

Overview

The MSc Project Management, Finance and Risk offers training in modern techniques for managing and engineering the uncertainties and risk inherent in projects and designing appropriate financial instruments and tools to optimise the performance throughout the life cycle. It builds on City University London's strength in systems engineering, engineering economics, reliability and risk analysis for capital goods.

This course provides a foundation 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. The nature and major drivers in which businesses operate, and the associated challenges and opportunities future project managers and leaders face, are central themes running through the programme. Entrepreneurial behaviour and how this interacts in industry with project management, innovation, the economic environment and opportunity recognition, is also explored.

Running alongside the modules, a rolling programme of one-day events, with key objectives of extending the students' range of presentation, communication, self-assessment, career awareness and team-building skills are scheduled. This course is delivered alongside a series of Industry Lectures with invited experts from industry.

This is a very popular programme with limited places. Early application is therefore advised. We welcome applications from students with undergraduate degrees in engineering, mathematics, statistics, economics, finance and computer sciences.


Scholarships, bursaries and prizes

The School offers generous scholarships, bursaries and prizes for this course:


Hear from one of our students

Manju Loku, an MSc Project Management, Finance and Risk student discusses his experiences to date and career plans for the future.

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.

More...

Course Fees:

  • Full-time EU: £12,000
  • Part-time EU: £6,000 per year
  • Full-time Non EU: £16,000
  • Part-time Non EU: £8,000 per year
More...

Start Date:

Autumn 2016

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.

Please note that 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 6 months
  • Students on courses of less than 6 months
  • Students on a pre-sessional English Language course

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

For more information see our main Visa page.

Course Content

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.

Course Structure

Modules include:

  • Managing risk and uncertainty
  • Optimisation and decision making
  • Lifecycle engineering 
  • Financial engineering and project planning
  • The project life cycle
  • Communication and presentation
  • Perspectives on management and leadership
  • Supply chain management
  • Entrepreneurship, innovation and enterprise
  • Prince 2 training
  • Workshops
  • Introductory mathematics

Read the full programme specification

Teaching and Assessment

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 12 months 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 24 months (this may be extended to three years in order to cater for individual circumstances).

Read the full programme specification

Fees

  • Full-time EU: £12,000
  • Part-time EU: £6,000 per year
  • Full-time Non EU: £16,000
  • Part-time Non EU: £8,000 per year

Funding

For up-to-date information about tuition fees, living costs and financial support, visit Postgraduate Fees and Finance.

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.

Scholarships, bursaries and prizes

The School offers generous scholarships, bursaries and prizes for this course:

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.


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
London
EC1V 0HB