Risk Management And Insurance Courses in UK
Risk management and insurance form a huge chunk of financial planning for individuals and organisations. It involves identifying and assessing potential risks that could affect financial goals.
This field is vital for protecting from unpredictable events, such as accidents, natural disasters, or liabilities, and ensuring financial stability. Courses in risk management and insurance provide a thorough understanding of analysing and managing risks effectively.
Through risk management courses, students learn about claims management, insurance policies, and various risk mitigation strategies to protect assets and investments.
Many risk management and insurance programs in UK cover all these aspects. Here's everything you should know about risk management and insurance courses in UK.
Risk management and insurance courses in UK: Key highlights
| Course type | Full-time |
| Course duration | 1-4 years |
| Educational qualifications | Students with any study background, preferably business and accounting, with at least 60% marks can pursue risk management and insurance programs in UK. |
| English proficiency and entrance exam requirements | IELTS: 6.5 TOEFL: 80 (Check with the university for the minimum IELTS or TOEFL scores) |
| Fees range | £12,000 - £32,000 |
Data updated as of January 2024
Risk management and insurance: An overview
- Risk management and insurance are crucial in today's business environment. These contribute to the financial stability and security of individuals and organisations alike.
- Understanding insurance policies, such as life, health, property, and liability insurance, is crucial for professionals wanting to manage and transfer risks effectively.
- Professionals with expertise in risk management and insurance are in high demand, making courses in this field essential in finance.
Why study risk management and insurance courses in UK?
Studying risk management and insurance courses in UK offers several benefits. Here are three compelling reasons:
- Risk management and insurance courses in UK are one of the top pursued degrees in the country. The universities provide globally recognised courses and help students obtain the required knowledge and skills for a successful career.
- The courses develop your skills in strategic thinking, finance, risk management, and others.
- The UK is a top study destination for students across the globe. The country provides high-paying opportunities for graduates in various industries.
Top risk management courses in UK for international students
- BA (Hons) Risk Management
- MSc Finance and Risk Management
- MSc Finance with Risk Management
- MSc Banking, Finance and Risk Management
- PGCert Banking, Finance and Risk Management
- MSc Investment and Financial Risk Management
Best universities for risk management and insurance courses in UK
Some of the top universities for risk management and insurance courses in UK are:
- Glasgow Caledonian University
- University of Brighton
- University of Bath
- University of Roehampton
- Kingston University
Different study levels for risk management and insurance
Eligibility criteria to study risk management and insurance courses in UK
When applying for a course, your profile should satisfy the eligibility criteria for the specific field of study. Here are the basic eligibility requirements for studying risk management and insurance courses in UK for international students.
Eligibility criteria for pursuing risk management and insurance courses in UK
| Factor | Eligibility criteria |
| Educational qualifications | Students with any study background, preferably business and accounting, with at least 60% marks can pursue risk management and insurance programs in UK. |
| English proficiency and entrance exam requirements | IELTS: 6.5 TOEFL: 80 (Check with the university for the minimum IELTS or TOEFL scores) |
| Visa | UK student visa |
Data updated as of January 2024
Note: The minimum grades and educational requirements differ with every university. Make sure to check if your scores meet the institution’s standards.
Student requirements to study risk management and insurance courses in UK
Once you satisfy the eligibility criteria, universities will request you to provide documents to proceed with your application. Check if you have the documents below to proceed with the application.
- Academic transcripts
- Letter of Recommendation (LOR)
- Statement of Purpose (SOP)
- Resume or Curriculum Vitae (CV)
- Passport
- Admissions test results
- English language proficiency test scores
- Proof of funds
- Visa
Visa requirements for international students to study risk management and insurance courses in UK
You need a student visa to study risk management and insurance courses in UK.
| Visa | Cost |
| UK student visa | £363 |
Data updated as of January 2024
Documents required for international students to apply for a visa
- Your passport
- A letter of acceptance from your course provider
- Proof of financial support
- Letter of explanation (explain your purpose and requirement for visa)
- Necessary medical test results
Average fees to study risk management and insurance courses in UK
| Fees for risk management and insurance courses in UK | Average fees |
| Minimum fees | £11,000 |
| Maximum fees | £32,000 |
Data updated as of January 2024
Cost of living for international students in UK
The average annual cost of living for international students in UK ranges from £12,000 - £15,000.
Data updated as of January 2024
Scholarships to study risk management and insurance courses in UK
A scholarship is a financial aid that grants students a certain amount of tuition fees and reduces their expenses while studying abroad. Edvoy has partnered with institutions worldwide to offer scholarships for international students pursuing higher education. The scholarships are:
Academic scholarships
Academic scholarships award international students with remarkable academic performance. Institutions choose student profiles with good scores and provide scholarships based on their grades.
Government-funded scholarships
Government-funded scholarships are awarded to international students who accept the institution’s offer and pay a certain amount of tuition fees. These scholarships reduce student expenses by waiving a certain amount of tuition fees.
Note: Edvoy acts as a platform for you during the application process. Only the university deems your profile eligible and determines the final amount.
Job opportunities for risk management and insurance graduates in UK
There is a high demand for risk management and insurance graduates in UK, increasing the job opportunities for international students.
How much does a risk management and insurance professional earn in UK?
The average annual salary for risk management and insurance professionals in the UK ranges from £35,000 to £60,000.
(The above salary range is approximate and is taken from various sources.
Sources: Talent.com, Glassdoor, and LinkedIn)
Top career options for risk management and insurance graduates in UK
After completing risk management and insurance courses in UK, there are a lot of career opportunities that you can take up. Some of the job roles available are:
- Risk Manager
- Insurance Underwriter
- Financial Risk Analyst
- Operational Risk Analyst
(Sources: Talent.com, Glassdoor, and LinkedIn)
Post-study work permit after completing risk management and insurance programs in UK
| Country | Name of post-study work visa | Length of time to stay in the country |
| UK | Graduate visa | 2 years |
Data updated as of January 2024
Related risk management and insurance courses
Top risk management and insurance programs in UK
You don’t have to stop at risk management and insurance programs in UK. For example, you can search for MSc insurance and risk management courses in UK. If you are interested in a topic, refer to the list below - you might see something jump out!
- MSc Financial Management and RiskUniversity of Greenwich£17,275
- MSc Emergency Management and ResilienceCoventry University£18,600
- MSc/PGCert Crowded Places and Public Safety ManagementCoventry University£18,600
- MSc Risk, Crisis and Resilience ManagementUniversity of Portsmouth£20,200
- MSc International Security and Risk ManagementUniversity of South Wales£16,000
- MSc Risk ManagementDe Montfort University£16,300
- PGDip Banking, Finance and Risk ManagementUniversity of Roehampton£16,500
- PGCert Banking, Finance and Risk ManagementUniversity of Roehampton£16,500
- MSc Banking, Finance and Risk ManagementUniversity of Roehampton£16,500
- MSc Public ManagementUniversity of Birmingham£24,120
FAQ
Courses in risk management and insurance provide a thorough understanding of assessing and managing risks effectively. Students learn about claims management, insurance policies, and various risk mitigation strategies to protect assets and investments.
Students with any study background, preferably business and accounting, with at least 60% marks can pursue risk management and insurance programs in UK.
- A degree in risk management and insurance allows you to work in various sectors like finance, technology services, and more.
- The demand for risk management is high due to the constant growth of the field.
- This field is vital for protecting from unpredictable events, such as accidents, natural disasters, or liabilities, and ensuring financial stability.
Risk management involves maths to perform financial calculations and data analysis. Risk managers and professionals in this field need to be good with numbers and calculations. For these purposes, various tools and software can also be used.
Some of the top universities for risk management and insurance courses in UK are:
The duration of risk management and insurance courses in UK varies from 1-4 years.
The average annual salary for risk management and insurance professionals in the UK ranges from £35,000 to £60,000.
Even though risk management and insurance courses in UK may have a demanding and rigorous curriculum, studying these courses is relatively easy. Risk management and insurance is a promising career with increasing demand for skilled professionals.
Pursuing risk management and insurance courses in UK has various perks for international students. Here are some advantages of studying risk management and insurance courses in UK.
- Globally recognised courses
- Competitive salary
- Various networking connections
- Employment opportunities after graduation
Highlights
- Institutions offering the courses34
- Count of courses56
- Count of UG courses8
- Count of PG courses47
- Count of Doctorate courses1
- Fee range (min-max)£11,000 - £32,000
