Management and Regulation of Risk

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You will need a degree of at least upper second class standard from a UK university, or its equivalent. We assume that applicants will have some knowledge of mathematics and statistics. Interesting applicants with weak backgrounds in this regard will be required to take an LSE Summer School course. If your degree is not from a UK university, you must submit a GMAT test score with your application. Decisions will not normally be made in the absence of this test result. We generally look for a GMAT score of over 650; exceptionally we will consider a GRE score of over 700. Conditional offers may be made in the absence of a final test score. If you are a graduate from a UK university, you should note that you may be asked to take either a GRE or GMAT test. Applicants from developing countries may be eligible to be considered for one of the Lord Dahrendorf Scholarships (sponsored by Deutsche Bank). For more information, please see the Department of Finance website.

The success of organisations depends upon their ability to operate in the face of risk. The growing awareness of these problems has meant that risk management is now recognised as requiring special skills that are central to the functioning of the organisation.

There is a long tradition of quantifying and measuring certain risks such as life expectancies or accidents. Recently, important advances have been made towards developing similar quantitative tools for newer areas such as financial markets and the environment. At the same time, other social science disciplines have produced important insights into how more complex risks are perceived, and how social organisations can adjust to regulate and share them.

This MSc programme is designed to provide a comprehensive view of risk perception, management and control as encountered in a wide variety of contexts. It addresses such questions as: What are the appropriate ways to measure and assess risk? How does the organisation of enterprises, governments or markets increase or decrease risk? What are the techniques for risk shifting in markets, firms or societies? What are the tools available to managers and regulators for controlling risks?

The design of the programme will allow students with prior training in diverse disciplines and with a range of professional backgrounds to acquire a broad knowledge of risk management and regulation, and to deepen their competency in a chosen area of specialisation.

You will take the core course Management and Regulation of Risk, one full unit equivalent quantitative course, one full unit equivalent qualitative course, and a fourth full unit equivalent course freely chosen.

Course 1

* Management and Regulation of Risk

Course 2

Choose from the following amounting to one full unit:

(* half unit)

* Valuation and Security Analysis*
* Accounting in the Global Economy*
* Financial Risk Analysis*
* Forecasting Financial Time Series*
* Fixed Income Markets*
* Applied Corporate Finance*
* Corporate Finance and Asset Markets
* Corporate Finance A*
* Quantitative Methods for Finance and Risk Analysis*
* Portfolio Management*
* International Finance*
* Stochastic Processes*
* Asset Markets A*
* Principles of Decision Sciences*
* Real Estate Finance*

Course 3 Choose from the following amounting to one full unit:

* Accountability, Organisation and Risk Management*
* Environmental Regulation: Implementing Policy
* Economic Appraisal and Valuation*
* Concepts in Environmental Regulation*
* Corporate Governance
* Law of Corporate Finance
* Regulation of Financial Markets
* Corporate and Financial Crime
* Regulation, Risk and Economic Life
* The World Trading System*
* Strategy for the Information Economy*
* Issues in Environmental Governance*
* Risk and Governance: A Sociological Approach*

Course 4

Other full or half unit courses amounting to one full unit from options above, or others with the approval of the course director.

Minimum entry requirement: * 2:1 degree with knowledge of mathematics and statistics in subjectEnglish requirement: * TOEFL (Test of English as a Foreign Language) with a minimum score of 627 in the paper test or 107 in the internet based test * IELTS (International English Language Testing System) with a minimum score of 7.0 GRE/GMAT requirement: * Application from non-UK institutions required to submit GMAT score. GRE accepted in exceptional circumstances. If not supplied with application, an offer may be conditional on a suitable score (typically 650). UK graduates may be requested to take GMAT or GREInteresting applicants with weak backgrounds in this regard will be required to take an LSE Summer School course. If your degree is not from a UK university, you must submit a GMAT test score with your application. English Language Requirements IELTS band: 7 CAE score: (read more) Cambridge English: Advanced (CAE) is part of the Cambridge English suite and is targeted at a high level (IETLS 6.5-8.0). It is an international English language exam set at the right level for academic and professional success. Developed by Cambridge English Language Assessment - part of the University of Cambridge - it helps you stand out from the crowd as a high achiever. 80 (Grade A) TOEFL paper-based test score : 627 TOEFL iBT® test: 107 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

Fee reductions and rewards
LSE undergraduates starting taught postgraduate study at the School are eligible for a fee reduction in the region of ten per cent of the fee. These reductions are available for UK, EU and non-EU students. The School offers a range of rewards for early payment of fees for all self-financed students.

Scholarships for study at LSE

LSE makes available over £12 million annually in financial support for its students via a range of scholarships, bursaries and award schemes, details of which can be found on these pages. LSE's world class programmes attract a consistently high calibre of applicants, many of whom seek financial support from the School, so there is always much competition for our awards. Securing the necessary funds to attend LSE can be a difficult and time consuming process so you should start to think about it as early as possible. Please be aware that the School will be unable to offer you any financial assistance if you knowingly register under funded. The relevant link on the left will take you to the awards available for your chosen level of study.

The School would like to thank the many donors who have contributed to the New Futures Fund, which provides funds for a number of discretionary scholarships.

Diploma, LLM, MA, MSc and MSc (Research) programmes

There are a range of awards available for study at this level. Approximately 19% of taught masters offer holders are successful in obtaining some form of financial support from the School. The value of support ranges in value from 10% of the tuition fee to a full fees and maintenance award.

Graduate Support Scheme

LSE's major financial support scheme for study at taught masters level is the Graduate Support Scheme (GSS). This scheme is open to all applicants, with the exception of those undertaking specific modular or executive programmes such as the MSc in Finance (Part time) or the MSc in Health Economics, Policy and Management. Around £2 million is available annually in the form of awards from the Graduate Support Scheme. The Scheme is designed to help students who do not have sufficient funds to meet all their costs of study. GSS awards range in value from £3,000 to a maximum of £10,000, and have an average value of £6,000. Application to the Graduate Support Scheme is via the LSE Graduate Financial Support Application form. This form will be made available to you once you have submitted an application for admission to the School. The form will then be available until 27 April 2011.

Awards

If you complete the LSE Graduate Financial Support Application form, and are made an offer of admission by 27 April 2011, you will also be automatically considered for any other awards being offered by LSE, for which you are eligible, with the exception of Arts and Humanities Research Council (AHRC) and Economic and Social Research Council (ESRC) funding where there are separate, department led processes in place. AHRC and ESRC funding is relevant to Home UK and Home EU applicants only, and there are also subject restrictions in place. We offer a range of awards based on different criteria such as a specific programme of study, nationality, or country of permanent domicile. In addition, a number of external organisations offer funding to support postgraduate study. We recommend that applicants follow up as many avenues as possible to find funding. Please be aware that if you accept funding from an external source, it is your responsibility to check the terms of the award. Some awards are accompanied by specific terms and conditions which you should be sure you able to meet before accepting the award. Information about other Awards offered by LSE or external organisations. Please take some time to look at all the other awards available to support your study at LSE. The details of these awards are updated each October, but new LSE awards may become available during the course of the admissions cycle. We will only write to successful applicants for these awards. Selection for these awards will take place between May and July 2011 and all successful applicants will be notified by 31 July 2011.