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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 for future work within risk management in the offshore industry as well as other industries.


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 program 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 background you have, and on the profile you add to the program through selection of specialization and elective subjects, you can get many different jobs. In the industry and in public organizations, there is generally high demand for people who can analyze risk and reliability.

Programme Structure

Courses include:

  • Risk Analysis and Risk Management
  • Introduction to Probability and Statistics 
  • Reliability Analysis
  • Economic Analysis in Risk Management
  • Security and Vulnerability in Networks 
  • Distributed Systems 

    Detailed Programme Facts

    • More details:

      Students interested in student accommodation must apply within 18 May. 

    • 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 ®.

      Schedule TOEFL®
    • 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

    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 for the full programme and a duration of 24 months.
    • EU/EEA

      Tuition Fee
      Based on the original amount of 0 EUR for the full programme 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 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.

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    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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