Risk management field embraces principles, models and methods for identifying, analyzing, describing, communicating and managing risk.
The principal aim of the MSc 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?
This study 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.
Graduates typycally find work as:
- Risk analysis and risk management
- Probability and Statistics
- Reliability Analysis
- Economic analysis in risk management
- Risk assessment and decisions
- Selected topics in risk management
- 24 months
Start dates & application deadlines
- Deadline passed, International
- Apply before , National
- Apply before , EEA/EU
DisciplinesCivil Engineering & Construction Chemical Engineering Marine Engineering
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.
InternationalFreeTuition FeeBased on the original amount of 0 EUR per semester and a duration of 24 months.
EU/EEAFreeTuition FeeBased on the original amount of 0 EUR per semester and a duration of 24 months.
All students are required to pay a semester fee of NOK 740 ($83) per semester.
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.