MSc in Corporate Risk Management
London, United Kingdom
DURATION
12 up to 24 Months
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
Request application deadline *
EARLIEST START DATE
Sep 2025
TUITION FEES
GBP 27,300 / per year **
STUDY FORMAT
On-Campus
* rolling applications
** for full-time international students | full-time UK/Home students: GBP 15,800 per year | part-time international students: GBP 13,700 per year | part-time UK/Home students: GBP 7,900 per year
Key Summary
Introduction
You are a curious, ambitious, team player, eager to tackle real-world problems in different industries, focusing on both strategy and business operations for global companies.
This corporate risk programme is built for those looking to change career paths and transition to a different industry, and those looking to further develop within their chosen industry.
You relish the challenge of learning in a fast-paced, hands-on programme, created and taught by leading academics and practitioners.
You’ll be based within a stone’s throw of the City of London, a global hub for corporate risk management across multiple sectors, giving your studies a uniquely practical and strategic orientation that can be implemented in any industry.
The MSc Corporate Risk Management is an academically rigorous and professionally relevant qualification that will serve your ultimate needs in developing a career with a global focus. You will have a unique opportunity to develop a systematic understanding of the internal and external factors affecting corporate risk management, whilst formulating decisions in complex, interrelated areas of risk, finance, operations, management, and strategy.
Who is this course for?
- Join a diverse international cohort with a strong sense of community between the teaching team and student body
- Tailor your course to your career and industry aspirations with a choice of options in the third term, including a supervised research project plus elective modules, or electives only
- Discover opportunities for industry-based research projects with company partnerships
- Two full-fee scholarships available from the IRM Educational Foundation (to be confirmed for 2024 entry)
- Join our AIR-Q society (Actuarial, Insurance, Risk & Quants) student society for exclusive access to company careers sessions and corporate risk thought leader events
- Links to global corporations close by in the City of London to further your career and connect with alumni and industry leaders.
Accreditation details
CII
The Chartered Insurance Institute is a professional body dedicated to building public trust in the insurance and financial planning profession. CII qualifications are universally recognised as evidence of knowledge and technical expertise.
Students successfully completing the MSc Corporate Risk Management will be awarded exemptions of up to 210 credits of CII modules.
Core MSc CRM Exemptions
Exemption from CII unit (992) Risk management in insurance (30 Advanced Diploma-level credits towards CII insurance qualifications) for passing all the following Bayes MSc CRM modules SMM356, SMM352, SMM359, SMM089. And 30 Advanced Diploma-level non-unit specific credits towards CII insurance qualifications.
*Exemption dependent on students passing certain modules, full details on the CII website
Optional MSc CRM Exemptions (dependent on Student choices for Term 3)
An exemption from CII unit (994) Insurance market specialisation or (991) London Market insurance specialisation (50 Advanced Diploma-level credits towards CII insurance qualifications) for passing the General Research Project
*Exemption dependent on students passing certain modules, full details on the CII website
Recognition of prior learning towards CII personal finance qualifications
- 30 Advanced Diploma-level non-unit-specific credits. This set of non-unit-specific credits recognises the degree’s risk management content matches CII personal finance qualifications.
N.B. The maximum prior learning award for qualifications from one awarding body is currently 210 credits.
Full details of the CII prior learning standards are on the CII website in the CII recognition of prior learning scheme rules and recognition of prior learning awarding bodies guide.
IRM
The Institute of Risk Management (IRM) is the leading professional body for Enterprise Risk Management (ERM). They provide globally recognised qualifications and training, all of which are underpinned by their professional standards, defining the requirements risk managers need to meet. By these means, they help organisations and individuals build excellence in risk management so that they protect value and take advantage of opportunities.
Students successfully completing the MSc Corporate Risk Management will be awarded full exemption from the IRM International Diploma in Risk Management. For 30 years, the IRM's International Diploma in Risk Management has been the global choice of qualification for risk professionals and their employers - the gold standard qualification. MSc Corporate Risk Management graduates can apply for ‘Graduate’ membership of the IRM and use the post-nominal letters GradIRM.
Validation
The quality of Bayes courses generally is recognised through our ‘Triple Crown’ accreditation by AMBA, AACSB and EQUIS
Bayes has been designated by the International Insurance Society (IIS) as a Global Centre of Insurance Excellence (GCIE). The IIS certification programme recognises outstanding risk management and insurance programmes that play a key role in promoting insurance knowledge and research.
Duration
There are two ways of taking our MSc Corporate Risk Management programme.
- A one-year full-time course
- A two-year part-time course
Gallery
Career Opportunities
MSc Corporate Risk Management will provide you with the opportunity to launch a risk management career in a multitude of industries including manufacturing, supply chain, aviation, financial services, retail, government agencies, and consultancy. It also allows those already within their preferred industry to accelerate their career development, whilst ensuring flexibility of learning outcomes.
Over the past 12 months, students on our Corporate Risk Management course have attended sessions including Financial and Consulting Sector Overviews, as well as alumni panels highlighting the diverse careers in risk management. Students also have numerous opportunities to engage with industry professionals through our annual careers fair and corporate events.
Dedicated to your success
From the moment you accept your offer, you'll have access to our dedicated Postgraduate Careers Service, tailored to support your career journey. Our Career Accelerator module, launched over the summer, provides early access to valuable resources, employer insights, and career planning tools to prepare you for the job market.
Our expert Postgraduate Careers Team, made up of experienced recruiters and career coaches offers personalised one-to-one guidance, covering everything from networking and CV building to job offer management and mock interviews.
Whether you’re pursuing a new career path, seeking an entry-level role, or launching your own business, you'll receive support to develop the skills and knowledge needed to succeed.
You'll also benefit from exclusive events such as Careers Fairs, panel discussions, and networking opportunities with industry professionals and alumni, helping you explore career options and make valuable connections.
Workshops led by our Careers Team and industry experts cover essential professional skills, including presentation techniques, personal branding, and assessment centre success, ensuring you stand out in the job market.
Additionally, Bayes Careers Online (BCO) offers career planning tools, guidance leaflets, access to job postings directly from employers and key career events, helping you stay on track with your career goals.
Program Outcome
In each case, you will:
- Acquire comprehensive knowledge of the theory, principles and practices of corporate risk management
- Develop a wide range of technical and conceptual skills
- Network with your peers and senior industry professionals in the City of London
- Enjoy an enriching environment as part of an international student body
- Acquire a flexible qualification to prepare you for wide range of roles in insurance, financial and non-financial risk management, operations, or finance.
Course objectives
Our MSc Corporate Risk Management has been designed to equip you with the necessary skills and knowledge to address the universe of risks that corporations may face.
The globalisation of business models through supply chains, political instability, reliance on technology for revenue generation, and consequences of systemic shocks in society, are omnipresent for corporations. The uncertainty that these phenomena create for corporations can have detrimental impacts across a variety of stakeholder groups, whether it be customers, regulators, suppliers, or local communities.
This program offers you the ability to address these phenomena for both financial and non-financial corporations, better understanding the interconnected relationship between these corporations and their strategic risks. In doing so, you will learn how to manage corporate risks enterprise-wide, over and above their core financial risk exposures, allowing them to remain resilient in the face of an ever-changing competitive landscape.
Admissions
Curriculum
Programme content is subject to change. We regularly review our module offering and amend to keep up-to-date and relevant.
Induction weeks
All of our MSc courses start with two compulsory induction weeks which include relevant refresher courses, an introduction to the careers services and the annual careers fair.
Part-time programme
The part-time Corporate Risk Management course runs over two academic years, although attendance patterns partly depend on which term 3 pathway is chosen.
The general structure is similar to the one-year full-time course but tuition is spread over two years with students taking only two courses each term rather than four.
Full-time programme
The full-time Corporate Risk Management programme comprises two Induction Weeks, eight Core (compulsory) courses, and a flexible Term 3 that allows you to choose your own personal learning pathway, as follows:
Term 1
- Theory of Risk and Insurance Markets
- International Business and Economics
- Enterprise Risk Management
- Global Banking
Term 2
- Supply Chain Finance and Risk Management
- Corporate Risk Management
- Financial Risk
- Risk Analysis and Modelling
Term 3
In term 3, you are required to choose one of the following options:
- Five electives plus Career Management Skills and Research Methods
- Three electives plus a General Research Project.
- General Research Project
- Career Management Skills and Research Methods
Bayes Business School offers over 90 different Elective courses, which are reviewed and updated regularly.
Examples of Electives suitable for MSc Corporate Risk Management students, currently offered, include:
- Business Research Project
- Applied Research Project
- Alternative Risk Transfer
- Reinsurance
- Operational Risk Management
- Liability Insurance
- Cyber Risk
- Sustainable Finance with ESG
- Shipping Risk Management
- Digital Finance
- Country and Geo-Political Risk Management
- Sustainability in Digital Supply Chains.
Please note that electives are subject to change and availability.