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Risk Management, M.Sc.

  • Application Deadline
  • 24 months
The Master of Science in Risk Management at the University of Stavanger offers a strong academic basis and top competence in risk management. The programme has a strong international profile with applications from students worldwide.


The risk management field embraces principles, models and methods for identifying, analyzing, describing, communicating and managing risk.

The principal aim of the  Master of Science in Risk Management at the University of Stavanger is to give the students the knowledge and basic thinking they require to approach risk and uncertainty to support decision-making. Topics covered include: What is the meaning of risk? How to express risk and uncertainty? How to analyze reliability and availability? How to give weight to uncertainties? How to understand and apply the precautionary principle? How to determine acceptable risk? How to balance different concerns, such as safety and economics? How to apply cost-benefit and cost effectiveness analyses? How to apply expected values in risk management?

The MSc programme has a strong international profile with applications from students worldwide.


Depending on the student's background and on the programme profile created through selection of elective subjects, graduated candidates qualify for a range of different jobs.

Both in industry as well as in public sector, there is generally a high demand for people with strong competence in risk assessment and risk management. 

Graduated candidates typically find work as:

  • analysts
  • advisors
  • consultants
  • managers. 

Programme Structure

Courses include:

  • Risk analysis and risk management 
  • Probability and Statistics
  • Reliability Analysis 
  • Economic analysis in risk management 
  • Risk assessment and decisions 
  • Selected topics in risk management 

            Detailed Programme Facts

            • Programme intensity Full-time
              • Full-time duration 24 months
            • Credits
              120 ECTS
            • Languages
              • English
            • Delivery mode
              On Campus

            English Language Requirements

            You only need to take one of these language tests:

            • Minimum required score:


              The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

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            • Minimum required score:


              The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

              Schedule TOEFL®
            • Minimum required score:


              The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

              Schedule IELTS

            Academic Requirements

            General Requirements

            • CV
            • Transcript of records
            • Diploma(s)
            • English language requirements
            • Final diploma from higher secondary education
            • Passport copy
            • GMAT/GRE (only for MSc in Business Administration)
            • Documentation of Financing (if applicable)

            A Bachelor's degree in any engineering discipline is required.

            All applicants must have at least 30 ECTS credits in mathematics/statistics/calculus, including at least 5 ECTS credits of statistics.

            Tuition Fee

            • International

              Tuition Fee
              Based on the original amount of 0 EUR per semester and a duration of 24 months.
            • EU/EEA

              Tuition Fee
              Based on the original amount of 0 EUR per semester and a duration of 24 months.
            We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

            All students are required to pay a semester fee of NOK 740 ($83) per semester. 

            Living costs for Stavanger

            • 10497 - 15900 NOK/month
              Living Costs

            The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


            Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

            The Global Study Awards: get funded with up to £10,000 to study abroad

            Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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