Risk Management

University of Stavanger

24 months
Tuition fee
Apply date
Start date


MSc 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.

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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:

  • 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 

Key information


  • Full-time
    • 24 months

Start dates & application deadlines


IELTS or TOEFL needed


120 ECTS


On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
Upper Second Class (required)
Upper Second Class (recommended)
GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
6 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
80 (required)
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.
53 (required)

Other requirements

General 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 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.

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.

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Risk Management
University of Stavanger