Risk management is relevant to all aspects of industry, commerce, consultancy and the public sector. Over the past couple of years there has been a strong realisation that risk needs to be managed and not avoided, which in turn has a major impact on organisational strategy. To this end, this course has been designed for those wanting to have a career in Risk Management as well as professionals from a variety of sectors who are interested in strengthening their careers in risk management. This includes but is not limited to: accountants, project managers, insurers, chartered surveyors, health care professionals, lawyers, bankers, auditors, health and safety professionals and engineers and recognises the interdisciplinary nature of the subject.
- Association of Insurance and Risk Management
The course is accredited by the Institute of Risk Management and you can also earn full exemptions from all six papers of their Diploma level professional examinations. This will allow you to apply for full GradIRM status, one of only four such university programmes in the UK. In addition, after three years of work experience, you can apply for full Chartered membership.
- Gain practical experience
You could complete a 12-week project based in a UK company or organisation. This internship will improve your employability. You will take part in a web-based business simulation exercise which is designed to integrate your studies
Structure and assessment
Project Management – considers the scope and definition of a project, its significance as an instrument of change and the roles and responsibilities of people within it. Organisational issues are explored and the application of a range of project management tools is critically evaluated for the execution, management and control of project management throughout all its phases.
Risk Management 1 – Provides you with a thematic study of risk management within an interdisciplinary context. You will evaluate the influences on the risk management process, including identification of risk in different scenarios.
Risk Management 2 – is an extension of Risk Management 1, and builds upon your work covered in that module. It provides you with an overview of risk analysis / assessment, including risk management strategies and containment. It covers a broad-spectrum of corporate governance and risk regulations.
Business Continuity and Crisis Management – exposes participants to a historical and contemporary understanding of business continuity management and crisis management theory and practice that fit within broader strategic imperatives.
Enhancing Business, Management and Employability Skills – is designed to develop your employability skills and introduce you to postgraduate study skills, such as academic writing, referencing, critical and reflective thinking. It’s designed to enhance your professional development and identity, and transferable skills such as: self-management, building and leading teams, negotiation, power and organisational politics skills, and problem-solving. During the module, you’ll focus on the change and development in organisations, people skills, and managing change. You’ll also be introduced to key skills required for interpreting financial information and handling statistical data.
Research Methodology – gain a broad understanding of research methods used in business and management, especially the main epistemological issues and debates related to research in the field. This module is designed to help prepare you for a Dissertation or Business Research Project. You’ll review research design, paradigms and ethics, including the broader ethical impact of research. You’ll also learn about the wide range of quantitative and qualitative methods for data collection and analysis that are commonly used both in academic research and in the practical business environment.
Business Context – this module provide a background to key business themes in order to offer a context for the study of risk management
Research Methods – introduces you to the basic elements of research methodology and the complete range of research methods suitable for research in management and business. It also aims to help you in defining a research topic and the production of a suitable research proposal for your dissertation.
Assurance and Risk – introduces you to the nature, purpose and scope of internal control audit processes within business organisations as tools to reduce business risks. You’ll analyse accounting and internal control risks and systems. As well as evaluating control risks and procedures necessary to mitigate such risks.
Elective taught modules may include:
• Project Management
• Strategic and Financial Decision Making
• Governance and Social Responsibility
During the final semester you will complete a:
Dissertation: provides an invaluable opportunity to work in depth on a particular aspect of an international business and entrepreneurship topic of your choice. The topics of the dissertation are chosen in line with your interests and preferences, but mainly look at application of management theory to small firms.
Business Research Project (BRP): is an individual enterprise consultancy project that serves as a commercially and employability relevant experience. The BRP is a live project where you gain a guaranteed business consultancy experience and are able to use your learned skills to make a genuine impact and benefit for a company.
Note: All modules are subject to change in order to keep content current.
Facilities and features
Hugh Aston Building
You will be taught in the Hugh Aston Building, which was purpose-built at a cost of £35 million.
Facilities also include lecture theatres and classrooms with capacities ranging from 50 to 250 people, break-out spaces for group work, quiet study zones for individual work and a large number of high-spec IT labs, some of which are installed with professional software.
The main Kimberlin Library is open 24 hours a day, 365 days a year (other than in exceptional circumstances) and offers a huge range of online resources, all of which can be remotely accessed from anywhere you choose.
The library is run by dedicated staff who offer additional support to students, including help with academic writing, research strategies, literature searching and reference management and assistive technology, and mathematical skills for non-maths students. There is also a Just Ask service for help and advice, available via email or telephone.
Our Learning Zones and the The Greenhouse also provide space for group or individual work and study.
There are 1,600 study places across all library locations, more than 700 computer stations, laptops to borrow, free wi-fi and desktop power outlets.
You can also book rooms with plasma screens, laptops and DVD facilities for group work and presentations, secure an individual study room with adjustable lighting or make use of our assistive technology.
Opportunities and careers
This is our innovative international experience programme which aims to enrich your studies and expand your cultural horizons – helping you to become a global graduate, equipped to meet the needs of employers across the world.
Through #DMUglobal, we offer a wide range of opportunities including on-campus and UK activities, overseas study, internships, faculty-led field trips and volunteering, as well as Erasmus+ and international exchanges.
Careers in ‘risk management’ are likely to remain relatively buoyant as an employment option.
This is because as the world becomes ever more unpredictable and unstable, in business terms, the demand for risk managers is likely to be ongoing.
This is also added to by the increased amount of ‘risk regulation’.
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