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Master Degree in Risk Management

Mestrado em Estatística Gestão Informação com especialização Análise Gestão Risco

Master's Degree in Risk Management

The Master's Degree Program in Risk Management prepares professionals and executives to address the challenges of identifying, assessing, and managing risk in the financial sector. Aligned with leading international standards such as those set by the CFA Institute and GARP, the program covers the essential knowledge needed for informed decision-making, in line with best practices and regulatory requirements (e.g., Basel III/IV and Solvency II).

With a current and innovative curriculum, the program takes a hands-on, practice-oriented approach, supported by a strong analytical foundation. It integrates cutting-edge techniques in machine learning, deep learning, and artificial intelligence. It also explores the ongoing transformation of the financial industry driven by the adoption of technologies like blockchain and AI across FinTech, InsurTech, RegTech, Decentralized Finance, and Crypto-assets.

This program evolved from the Risk Analysis and Management specialization that was part of the Master’s in Statistics and Information Management – classified as the best Master's Degree in Risk Management in Portugal and the 2nd best in the world by Eduniversal (an international agency that publishes the annual ranking of the best Master's Degrees and MBAs in the world).

The applications for this program are open between April 15th and May 15th, 2025. To apply, click here.

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  • Vagas

    Format

    After Working Hours

  • Media

    Length and ECTS

    3 semesters (95 ECTS)

  • Semestres

    Attendance

    2 to 3 times a week

  • Lingua

    Start Date

    September 2025

EDUNIVERSAL

This program is an updated version of the Master’s in Statistics and Information Management with a specialization in Risk Analysis and Management – ranked as the top Risk Management Master’s in Portugal and 2nd best in the World by Eduniversal, an international agency that annually ranks the world’s best Master’s and MBA programs.

Know more here

Goals

This program aims to train technical staff and managers to:

  • Become familiar with operations and products that are part of the activity of financial institutions;

  • Identify and quantify risks associated with financial institutions;

  • Manage various current risks in institutions;

  • Take decisions based on quantifying techniques of economic value;

  • Manage the new European solvency systems for banking and insurance in a balanced way.

Study plan

This program lasts 3 semesters: 2 correspond to the curricular component and 1 to the development of a thesis or work project and the realization of the Course Unit of Research Methodologies, in a total of 95 ECTS.

The curricular component (1st and 2nd semesters of the program) corresponds to 60 ECTS, of which 45 are in Mandatory Course Units:

Mandatory course units

  • Banking and Insurance Economics
  • Banking and Insurance Regulation and Supervision
  • Credit Risk Management
  • Dissertation/ Work Project
  • Financial Derivatives and Risk Management
  • Investments and Portfolio Management
  • Life Insurance
  • Market and Liquidity Risk Management
  • Non-Life Insurance
  • Predictive Analytics in Finance
  • Research Methods
Course Unit
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The remaining 15 ECTS corresponding to the Elective Course Units, will be chosen by the students among a wide range of available course units.

Admissions and fees

The Admissions' Jury Panel of NOVA IMS is looking for excellent students who have the potential to become good technical staff and excellent managers. Qualities such as maturity, determination and motivation, both in the academic path as well in a professional career, are some of the attributes that the Jury Panel is looking for.

1st  Application phase

From April 15th and May 15th, 2025.

Entry requirements

To enter this program, applicants must meet the following requirements:

  • Hold a bachelor’s degree in a compatible field (completed by September 2025);
  • Be proficient in English (spoken and written).

How to apply and selection process

To apply, you need to access the NOVA IMS' Applications Portal and follow these steps:

  • Fill in the form available in the user area, namely:
    • Personal, academic and professional background;
  • Upload your Curriculum Vitae (this is the only mandatory document for the application). Although it is not necessary to attach any other documents, the applicant has the option of including other documents that they consider relevant to enrich their application, such as a certificate of completion of their Bachelor's and/or Master's degree. Please note that if you are admitted, you will need to submit your Bachelor's and/or Master's degree completion certificate, or a certificate of attendance if you have not yet completed your degree, within one month;
  • Choose the program;
  • Present the goals and motivation for applying to the program (limit 1,000 characters, including spaces);
  • Pay the application fee. After this last step, the applicant will receive an email confirming their submitted application.

The selection process is based on the analysis of academic and professional curriculum. The members of the Admissions’ Jury Panel may decide to hold an interview with all or some applicants - face-to-face or videoconference.

Application fee

The fee of the application is €51. The application can only be considered after the payment of the application fee, within the stipulated period, non-refundable in case of withdrawal or non-admission in the program.

Registration fee

After being admitted to the program and upon confirmation of enrollment, the applicant must make a payment of a pre-registration fee (around one week after the admission result announcement), deductible in this master program's tuition fee, non-refundable in case of withdrawal, with the following value:

  • €1.250 for applicants with a nationality from a European Union member country;
  • €2.500 for applicants of other nationalities, unless their registration fee is provided by an official entity.

Upon registration, students should make the following payments:

  • €35 - for enrollment fee (the value is updated annually);
  • €1,40 - for annual school insurance (the value is updated annually).

Tuition Fee

The tuition fee of this master degree program is:

  • €6.000 for applicants with a nationality from a European Union member country: €4.100 corresponds to the 1st year and €1.900 to the 2nd year;
  • €7.500 for applicants of other nationalities: €4.900 corresponds to the 1st year and €2.600 to the 2nd year. 

Tuition fee payment dates

The tuition fee of this master program can be paid in two or in six installments:

  • Payment in two installments:
    • 1st: September 25th to 30th, 2025 (100% of the tuition fee of the 1st year);
    • 2nd: September 25th to 30th, 2026 (100% of the tuition fee of the 2nd year).
  • Payment in six installments:
    • 1st: September 25th to 30th, 2025 (25% of the tuition fee of the 1st year);
    • 2nd: November 25th to 30th, 2025 (25% of the tuition fee of the 1st year);
    • 3rd: February 22nd to 28th, 2026 (25% of the tuition fee of the 1st year);
    • 4th: April 25th to 30th, 2026 (25% of the tuition fee of the 1st year);
    • 5th: September 25th to 30th, 2026 (50% of the tuition fee of the 2nd year);
    • 6th: February 22nd to 28th, 2027 (50% of the tuition fee of the 2nd year).