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Business Management & Marketing
Risk Management (with Professional Practice) (Distance)
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Risk Management (with Professional Practice) (Distance)

Glasgow Caledonian University
Glasgow, Scotland
1611 Points
2 Years

Program Description

The path to risk resilience is as exciting as it is complex and requires a new generation of skilled risk managers to lead the way.

Join a leading UK provider with over 30 years’ Risk Management teaching experience and benefit from our longstanding links and excellent reputation with industry bodies and professionals while developing the advanced skillset employers need today and in the future.

This course provides you with contemporary knowledge of risk practices. This includes: crisis management, cyber risk, insurance and risk transfer, business continuity management and managing risk in a global context. You will explore state-of-the-art risk management processes enabling you to identify emerging organisational risks, analyse and model their effects and design effective response strategies.

You'll experience all the benefits of a regular masters, but with the additional advantage of a further professional practice placement over two trimesters. You'll be fully supported and prepared for your placement, and graduate with significant work experience, in-depth knowledge and understanding of your chosen sector.

Study Risk Management at GCU and turn risk into your opportunity.

There may be additional costs by this University.

Entry Requirements

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Bachelor's Degree
Degree from State Technical Insitute
English Level
Cambridge Advanced (CAE)
A levels
TOEFL (internet based)
Pearson Test of Academic Engl.
Required Documents
Certified Copy of the Degree Certificate/Diploma
Certified Copy of the English Certification
ID Certified Copy
Passport Certified Copy
Detailed Transcript
Student Visa

Information about requirements:

  • Honours degree 2:2 (or equivalent) in any subject area

Other accepted qualifications:

  • Non-standard entry is welcomed, particularly for applicants with CIPD certification and an unclassified degree/HND qualifications (or equivalent) with relevant experience.
  • We consider TEIs on a case-by-case basis looking for higher grades plus relevant work experience.
  • Academic and vocational qualifications

Other accepted English qualifications and information:

  • Duolingo English test: with a minimum mark of 115
  • Trinity College London Integrated Skills in English (ISE): Pass at Level III
  • If you do not meet the minimum English language requirements for direct entry to your chosen degree, we offer online pre-sessional English language courses.


Contemporary Issues in Insurance

This module will develop your knowledge and understanding of the fundamental principles which underpin the practices of insurance. It will explore the implications of fast-paced emerging risks and their actual and potential impacts on the modern insurance industry.

As such, this module is structured around four key topics: an introduction to the basic principles of risk financing, a detailed examination of insurance theory, critical analysis of insurance-practice and an examination of contemporary risk issues and the global insurance marketplace.

Through consideration of contemporary examples, you will come to better understand how insurance is utilised in real-world situations and continually adapts in response to contemporary risk issues.

Financial Securities Analysis

The module centres on developing your critical awareness of the financial risks inherent in financial markets and your abilities to analyse the products which are used to manage these risks.

Upon completion, you will be able to independently carry out a comparative analysis of the different types of fund management, highlighting the advantages and disadvantages, be able to critically analyse the methods of asset pricing which are available and ultimately create and justify your selection of various investment portfolios.

This module will leave you well equipped to undertake roles requiring an understanding of financial risk issues.

Risk and Organisational Resilience

This module introduces you to key theoretical concepts and risk management processes and practices. In particular, you will critically explore the role that these play in building organisational resilience. It will provide you with a thorough understanding of current thinking on risk management strategy, culture, and operations, while considering cutting edge risk issues.

Global Perspectives on Risk

This module will enable you to understand the concepts and context of international business and critically analyse a wide range of risks such as; strategy, cultural, political, ethical and economic which impact on these businesses. You will also evaluate a range of risk management strategies and tactics available to these international businesses in preparation for your future career.

A strong emphasis is placed on real-world case studies in order to contextualise learning.

Risk Analysis and Modelling

This module will equip you with highly sought-after practical risk analysis and modelling skills to enable you to confidently assess, model and predict risk. You will develop real-world applicable skills and utility from an organisational perspective; with real data examples, you can model and calculate project and financial risk concerns such as time and cost overruns and ultimately credit/bankruptcy risk.

Complementing this quantitative approach, you will also be taught how to construct non-financial risk models for assessing practical risk of any type of scenario, based on a qualitative assessment of risk.

Business Continuity and Crisis Management

The module will examine business continuity management (BCM) and crisis management in the context of a wider risk management strategy. Using the BCM lifecycle it will demonstrate how to undertake an analysis of the business environment, prepare analytical frameworks, implement BCM system and ensure that a process of regular monitoring, testing and exercising takes place.

The importance of embedding BCM in organisational culture is discussed as a key element of this entire process. This module also examines the implementation of crisis management and communication strategies before and after a crisis event in order to mitigate or soften its impact.

Ethics, Governance and Responsible Leadership

By examining the private, public and social enterprise sectors, you will be equipped with a set of analytical tools and concepts to drive responsible decision-making, while highlighting the difference between compliance and ethically driven behaviours.

You will gain a theoretical and practical understanding of real-world issues, from a UK and global perspective, and learn from the PRME related principles and the Common Good attributes which are central to this module.

Applied Professional Practice

Following on from the knowledge you have gained in Ethics, Governance and Responsible Leadership and with a focus on self-reflection, in this module you will develop your professional competence by undertaking a professional engagement activity. The link between these two core modules reinforces the significance of ethical and responsible decision-making and leadership within your future career.

Masters Research Project

The final element of the course is the Masters Research Project which provides you with an opportunity to design and undertake a piece of original research. You will apply methods and theories that are commonly used within the field of risk management and with the support of internationally published literature demonstrate best practice in this field.


Having a recognised degree-level risk management qualification will give you access to a career in any industry sector.

GCU’s Risk Management graduates have gone on to work with:

  • PwC, Marsh & McLennan
  • GSK
  • Morgan Stanley
  • ScottishPower
  • Aviva
  • Lloyds of London
  • Transport for London (TfL)
  • Balfour Beatty
  • Camelot
  • Network Rail
  • Tesco Financial Services
  • Local authorities and government organisations
  • Aon
  • the NHS

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