Master of Science - Financial Engineering and Risk Management

Program overview

Master of Science - Financial Engineering and Risk Management is a master's degree program in engineering and architecture at University of Essex - Colchester Campus, a public institution in Colchester, East of England, United Kingdom, founded in 1964.

First-year tuition is listed at 24,675 GBP and the application fee at Free. The earliest intake currently open is Oct 2027.

Applications to University of Essex - Colchester Campus typically receive a decision in 12 days and 22 hours, based on recent applications.

Cost of the first year

Plan for about 36,855 GBP for the first year before travel, insurance and visa fees. UKVI sets a monthly maintenance amount that differs for London and the rest of the UK, plus the tuition fee for the first year, up to a cap. You must also pay the visa fee and the Immigration Health Surcharge. Amounts are updated by the UK government, so read the money section of the official guidance before you apply.

Figures are as listed in October 2026. Schools revise tuition every year, so confirm the current amount with the school before you pay a deposit.

How the tuition compares in the United Kingdom

Our directory lists 788 master's degree programs in engineering and architecture at 74 schools in the United Kingdom. Their median first-year tuition is 19,500 GBP, and the middle half cost between 17,800 GBP and 26,450 GBP.

At 24,675 GBP, Master of Science - Financial Engineering and Risk Management is 27% above the median, in the middle of the range. The full range runs from 8,595 GBP to 36,800 GBP.

• All engineering and architecture courses in the United Kingdom

Lower-cost master's degree options in engineering and architecture

If budget matters, these master's degree programs in engineering and architecture have some of the lowest listed first-year tuition in the United Kingdom.

Plan for the Oct 2027 intake

Working back from a Oct 2027 start, this is a realistic plan. Popular programs can fill early, so the earlier end of each window is safer. September or October is the main intake for most courses, with a January or February intake for some. Visa applications can be made within a set window before the course start date.

Entry requirements and documents

University of Essex - Colchester Campus sets the exact entry requirements for Master of Science - Financial Engineering and Risk Management. For a master's degree, applicants usually need the following.

Universities accept a range of tests and some accept alternative evidence. For the visa itself you may need an approved English test result or confirmation from the sponsor. Check what your sponsor will accept before booking a test.

• A completed bachelor's degree, with transcripts and degree certificate.
• A statement of purpose explaining why this program fits your plans.
• Academic or employer references, and a CV if you have work experience.
• A valid passport.
• English test results, unless the school waives them.

Student visa: Student visa (Student route)

Students from India need a Student visa (Student route) to study in the United Kingdom. UK Visas and Immigration (UKVI) decides the application.

The UK Student visa is sponsored by a licensed university or college through a Confirmation of Acceptance for Studies (CAS). The route is points based and document heavy: funds, English language and sponsor details must all match the rules in force on the day you apply.

• Apply to a licensed student sponsor. Undergraduate applications go through UCAS; most postgraduate applications go directly to the university.
• Accept an offer, meet any conditions and pay any deposit requested. Ask for the CAS once you are eligible for it.
• Prepare proof of funds held for the required period, your passport, the CAS details, English evidence and a tuberculosis test certificate where required for your country.
• Check whether your subject needs ATAS clearance, then apply online and pay the visa fee and the Immigration Health Surcharge.

• Study in United Kingdom: full visa guide
• GOV.UK: Student visa
• GOV.UK: Student visa money needed

After you graduate

Eligible graduates may apply for the Graduate route, which allows time in the UK to work or look for work. The length of stay and conditions have been under review, so use the current GOV.UK page and not older figures.

Scholarships at University of Essex - Colchester Campus

Check the eligibility rules for each scholarship before you apply. Some are applied automatically, others need a separate application.

• Global Talent Masters Scholarship: £5,000 GBP
• International Baccalaureate Excellence Scholarship: £2,000 GBP
• The International Undergraduate Scholarship: £5,000 GBP

How to apply with Study Spectra

• Send us your marksheets, English test result (or test plan) and budget.
• We check your profile against Master of Science - Financial Engineering and Risk Management and suggest alternatives if it is a stretch.
• We prepare your statement of purpose and documents, and submit the application.
• When the offer arrives, we help with the deposit, funds evidence and the student visa file.

Questions students ask

How much is the tuition for Master of Science - Financial Engineering and Risk Management?

First-year tuition is listed at 24,675 GBP. Living costs are extra; University of Essex - Colchester Campus estimates 12,180 GBP a year. Confirm the current fee with the school.

What is the application fee?

This program lists no application fee.

When is the next intake?

The earliest intake currently open is Oct 2027. Start your application about eight months before that.

Is Master of Science - Financial Engineering and Risk Management a degree?

It is listed as a master's degree. The school awards the degree on completion.

Which visa do I need to study in the United Kingdom?

You need a Student visa (Student route), decided by UK Visas and Immigration (UKVI). Apply after you accept an offer and can show the required funds.

Can Study Spectra help me apply?

Yes. We check your profile, prepare your documents and submit your application to University of Essex - Colchester Campus, then help with the visa. The first call is free.

More at University of Essex - Colchester Campus

• Bachelor of Engineering (Honours) - Electronic Engineering (H610), 25,050 GBP first year
• Bachelor of Engineering (Honours) - Electronic Engineering (Including Placement Year) (HP10), 25,050 GBP first year
• Bachelor of Engineering (Honours) - Electronic Engineering (Including Year Abroad) (H611), 25,050 GBP first year
• Bachelor of Engineering (Honours) - Mechatronic Systems (H730), 25,050 GBP first year
• Bachelor of Engineering (Honours) - Mechatronics Systems (Including Placement Year) (H732), 25,050 GBP first year
• Bachelor of Engineering (Honours) - Mechatronics Systems (Including Year Abroad) (H731), 25,050 GBP first year
• Bachelor of Engineering - Communications Engineering (H641), 25,050 GBP first year
• Bachelor of Engineering - Communications Engineering (Including Placement Year) (HPK1), 25,050 GBP first year