Risk Management (Flexible distance learning) - MSc

Part Time
September 2016
£600 per 15 credit module for UK/EU Part Time 2016 entry (view all fees)

Whether you’re a risk management professional seeking a broader understanding or a trainee who wants to enhance your career prospects, our course will give you an extensive and informed understanding of the core area of risk management.

You’ll be provided with practical problem solving skills as well as a deep theoretical knowledge of how the sector works, and with modern companies and institutions craving an appreciation of the relevance of risk to business objectives, you’ll find yourself in high demand upon graduating.

What's covered in the course?

The course consists of a substantial programme of study, enquiry and research. You will leave with the attributes needed to operate effectively as a risk manager across all types of organisations in a global marketplace.

Communication and influencing skills are essential characteristics when it comes to being a successful risk manager, so we’ll provide work-based assignments and research to ensure you graduate with these competencies.

The course would be beneficial to all managers as part of continuing professional development, given the increasing need for an appreciation to the relevance of risk to the achievement of business objectives at all levels of management.

It’s also designed to appeal to you if you’re studying, or have partially completed, the Institute of Risk Management (IRM) professional qualification, and wish to pursue a postgraduate level of academic study in risk management. At the same time, you can work to take the level two stage of the IRM professional examination to qualify as a full member.

Why Choose Us?

  • You have the opportunity to work on real risk or consultancy problems, including undertaking organisation-based assignments.
  • We’ll provide national and international perspectives, giving you a broad overview of risk management across the globe.
  • Recognition of the MSc Risk Management by the IRM allows exemptions from the relevant stages of the IRM qualification (levels one and three). Students will need to attain level two independently through the IRM in order to qualify for full IRM professional recognition.
  • The University is an active research centre, and the latest Research Excellence Framework 2014 report found we have doubled the amount of staff producing internationally recognised research.
Visit our open day

Postgraduate Open Day

Our next Postgraduate Open Day will be on Wednesday 23 November, between 2pm and 7pm. Come along to find out more about our courses and see our facilities.

Book now

This course is open to International students

Birmingham City Business School

Discover Birmingham City Business School

Visit our School site for more student work and extra information.

Visit the School website

*Postgraduate Taught Experience Survey 2016

New £10,000 postgraduate loans

You may be able to take advantage of the government’s plans to make loans of up to £10,000 available for postgraduate study.

More about postgraduate loans

Entry Requirements

UK students

To register for the master's degree you should normally hold a recognised bachelor's degree of a good standard.

Applicants with suitable work experience and/or qualifications other than those above may be considered for entry.

Credit (exemption) may be given on a case-by-case basis for individual modules on the basis of prior learning and practice based experience against a standard list of exemptions which can be provided.

UK or EU students

Award Start Mode Duration Fees
MSc Sep 2016 PT 3 years £600 per 15 credit module

If you're unable to use the online form for any reason, you can complete our PDF application form instead.

International Students

Award Start Mode Duration Fees
MSc Sep 2016 PT 3 years £600 per 15 credit module

If you're unable to use the online form for any reason, you can complete our PDF application form instead.

The University reserves the right to increase fees broadly in line with increases in inflation, or to reflect changes in government funding policies or changes agreed by Parliament.

Please indicate in the Personal Statement section of the application form that you wish to study via Distance Learning.

Additional costs

While there are no additional costs associated with purchasing text books, there may be other costs to you. If you are joining the course which has a professional body accreditation you may be required to pay membership or examination costs. For details of these costs, please click on the link below.

Based on the past experience of our students, you might find it helpful to set aside about £50 for each year of your studies for your personal stationery and study materials. All our students are provided with 100 free pages of printing each year to a maximum total value of £15.

Find additional costs for your course

Your personal statement

Your personal statement is a highly important part of your application. It gives you a crucial opportunity to say why you’re applying and why the institution should accept you.

Here are the key areas you’ll need to address:

Course choice

Why does this course appeal? What areas are of particular interest?

Career plans

If you have a specific career in mind, say how your chosen course will help you pursue this goal.

Work experience

Mention any work that is relevant to your subject, highlighting the skills and experience gained.

School or college experience

Highlight skills gained at school/college, eg summer schools or mentoring activities.

Non-accredited skills or achievement

eg Duke of Edinburgh Award, Young Enterprise scheme.

You should also mention your future plans – if you’re planning to take a year out, don't forget to give your reasons. Talk about any subjects you’re studying that don’t have a formal assessment and any sponsorships or placements you’ve applied for. And don't be scared to add in details about your social, sports or leisure interests.

Get more information on writing personal statements.

This course is available part-time

Got any questions?

Search our Frequently Asked Questions for a range of information about our courses and studying here.

Financial Support

We offer further information on possible postgraduate financial support. This includes the type of loans, grants and scholarships available both from the government and from Birmingham City University.

Did you know that you will soon be able to apply for a postgraduate loan of up to £10,000 for some courses and options?

Postgraduate loans


Risk Management Concepts

This module provides an introduction to the concepts of risk management. It investigates the history of risk management helping you to gain an understanding of the current drivers of enterprise risk management. It will also consider the development of standards and key models from across the globe.

Application of Risk Management

This module explores the impact of the external environment on the risks faced by organisations. It examines issues relevant to specific sectors and geographical areas, and the needs and demands of various stakeholder groups, including regulatory authorities.

Risk Analysis

This module explores the drivers for risk and the sources of information that can be used to identify these causes. The common techniques for identifying and evaluating the risks will be covered as well as the methods for recording and communicating risk.

Risk Response

Having assessed the risks facing an organisation, this module considers how to treat risks and the different options available within each treatment strategy. It will also look at the resourcing of risk treatment and maintaining an effective balance between exposure to risk and its treatment.

Risk Leadership and Culture

This module focuses on the leadership of risk within an organisation. It considers the activities of the Board, its committee, the Executive and the senior management team in developing the risk management strategy, appetite and culture for the organisation. It will also consider business ethics and corporate social responsibility and their influence over the risk management of an organisation.

Building a Risk Resilient Organisation

This module helps your development by encouraging you to identify the strategies that can be used to avoid future risk by increasing the resilience of operations, thereby enhancing your knowledge and ability in the area of Risk Management.

Finance and Infrastructure Risk

The purpose of this module is to enable you to demonstrate your ability to implement risk management in common areas of risk for organisations. This module focuses on organisation resources: finance, information and people.

Brand and People Risk

This module brings together the learning from other modules into a practical application of the risk management process in focused risk categories. It will deepen your understanding of not only the process but also the options available in real life scenarios which you may face.

Theoretical Aspects of Contemporary Risk Management

This module is the first in a trilogy of modules which help to develop your ability to undertake research at a Masters level. The module aims to develop your capacity to understand and critically review the academic work of others.

Exploring Risk Concepts and Philosophies

This module develops your analytical and critical skills and your ability to carry out research, thus helping you to further develop into a fully rounded Masters-level student.

Risk Research

Building on the first two research modules, this module is a project covering an area of risk management of your choosing. Its aim is to enable you to research specific risks, and the management of those risks within a real-life context. It will enable you to develop your critical voice, an essential skill for risk managers.

Course structure

The course is available to study in a range of options, ensuring you don’t have to miss out.


You can choose to study one year full-time or three years part-time, with qualifications achieved at the end of each year:

    • Year One – Postgraduate Certificate
    • Year Two – Postgraduate Diploma
    • Year Three – Masters (MSc)
Distance Learning

This course is also offered as a distance learning option, allowing you to study the course at a time that suits you. You don’t have to attend any face-to-face sessions, and delivery of course materials is done through our e-learning platform, Moodle. Each module has a revision day which, although not mandatory, you should highly consider attending. If you can’t make it, supporting materials are made available via email.

If you’re an international student, you can sit your examinations at your British council offices for a fee payable locally of around £100 per examination.

Further Study

Further study opportunities are available on the Business School's PhD Programme and we welcome applications from these interested in undertaking study in the Centre's core areas of interest.

Enhancing Employability Skills

The qualification would open the door to higher management tiers, both in the public and private sectors, as has been the case with former students. The qualification currently presents an excellent opportunity for retraining to deal with the issues being addressed by organisations both in the UK and internationally.


OpportUNIty Student Ambassador

OpportUNIty: Student Jobs on Campus ensures that our students are given a first opportunity to fill many part-time temporary positions within the University. This allows you to work while you study with us, fitting the job around your course commitments. By taking part in the scheme, you will gain valuable experiences and employability skills, enhancing your prospects in the job market.

It will also allow you to become more involved in University life by delivering, leading and supporting many aspects of the learning experience, from administration to research and mentoring roles.


The qualification would open the door to higher management tiers, both in the public and private sectors, as has been the case with former students.

International Students

Birmingham City University is a vibrant and multicultural university in the heart of a modern and diverse city. We welcome many international students every year – there are currently students from more than 80 countries among our student community.

The University is conveniently placed, with Birmingham International Airport nearby and first-rate transport connections to London and the rest of the UK.

Our international pages contain a wealth of information for international students who are considering applying to study here, including:

Birmingham City University International College (BCUIC)

International students who have a serious interest in studying with us but who perhaps cannot meet the direct entry requirements, academic or English, or who have been out of education for some time, can enter Birmingham City University International College (BCUIC) and begin their degree studies.


BCUIC is part of the global Navitas Group, an internationally recognised education provider, and the partnership allows students to access the University’s facilities and services and move seamlessly through to achieving a Bachelor’s degree from Birmingham City University.

Learn more about BCUIC

Curzon facilities eatery
Curzon facilities staircase
Curzon facilities student hub

Our Facilities

We are constantly investing in our estate and are currently in the process of spending £260 million on new learning facilities.

The Curzon Building

This course is based at our City Centre Campus – and specifically The Curzon Building, alongside other Social Sciences, Law, Business and English students.

The £63m building offers students a unique social learning space, including a dedicated student hub incorporating student support services, in the heart of Birmingham’s Eastside development.

The Business floors house an extensive number of IT facilities, breakout areas, and specialised rooms. The Marketing Link Agency is designed to replicate a modern marketing firm, allowing students to get real-life experience of working in the marketing sector. There is also the City Trading Room, which features state of the art stock market tracking equipment, keeping you up to date with all the financial comings and goings of the London Stock Exchange and Wall Street.

The Curzon building is also conveniently close to Birmingham’s business and financial centre, allowing for strong links between your studies and the real world.

The Curzon Building also features:

  • An impressive new library with access to over 65 million full text items and stunning views of Eastside City Park
  • Your Students’ Union which is located in a beautifully restored 19th century pub, The Eagle and Ball
  • A modern 300-seat food court with space to study and socialise
  • Brand new, accessible IT facilities with full Office365 for all students for free
  • Shared facilities with the wider campus including the recently opened Parkside Building and Millennium Point

Dr Andy Hollyhead

Associate Professor

Andy Hollyhead joined the University in 2003 after 15 years in industry in a number of large organisations, including roles as business systems analyst and project manager. He is part of the Centre for Internal Audit, Governance and Risk Management.

UK prospective students:

UK enquiry form

+44 (0)121 331 5595

EU / International prospective students:

International enquiry form

+44 (0)121 331 5389

Already applied?

Email the applications team

+44 (0)121 331 6295