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The Dual Degree Master of Sciences in Risk Management

The Dual Degree Master of Sciences in Risk ManagementDual Master Degree from UK and Switzerland

In the context of a volatile economy, ensuring that risks are minimised so that it does not happen or happens with least damage is one of the most important jobs. This is not only pressure on financial management and risk reduction professionals, but it is also a concern of senior managers in the organization, industry, and all fields.

The Dual Degree Master of Sciences in Risk Management programme provides learners with the knowledge, skills to identify risks, perform activities to minimize risk impact, decision-making and department management skills as a senior manager.

The Dual Degree Master of Sciences in Risk Management programme is a risk management specialist training at Master level combining the UK’s Level Qualifications system and Switzerland’s famous higher education training system in risk management.

Upon graduation, fellows will contemporaneously receive 2 Master degrees:

  • The Master Degree belongs to the UK National Regulated Qualification Framework (RQF): OTHM Level 7 Diploma in Risk Management
  • Master of Sciences in Risk Management from SIMI Switzerland.

The distinctions in accreditation and recognition

The Master of Sciences in Risk Management is a dual degree programme, a collaboration between the national UK level training OTHM and the Swiss Institute of Management and Innovation (SIMI). Both organisations have achieved accreditations and recognition for the institution and programmatic.

  • SIMI is fully accredited by ASIC (Accreditation Service for International Schools, University and Colleges) at the highest Premier Institute level. The Master of Sciences in Risk Management programme is accredited by OTHM, a Level awarding organisation that is accredited by Ofqual.
  • OTHM is the UK’s Level Awarding Organisation, accredited and recognized by Ofqual UK.

The distinctions in learning method

The learner can provide flexible learning opportunities with various learning method:

  • Full time
  • Hybrid learning (Live class + the local tutor support in local workshop)

The distinctions in the student affairs system:

  • The Learning Management System
  • Institution Management System
  • Original E-book in each module
  • E-library
  • Internship support system (for full-time)

The distinctions in Degree: 2 independent Masters degrees:

  • Master Degree according to UK National Qualifications Framework: OTHM Level 7 Diploma in Risk Management
  • Master Degree from SIMI: Master of Sciences in Risk Management

List of Majors:

The learners participating in the Dual Degree Master of Sciences in Risk Management programme receive 2 independent Master degrees, which are based on the Master Dissertation/ Capstone Projects/ Work-based Project. The  learners can choose one of the following majors:

  • Finance
  • Banking
  • Insurance

Other majors require pre-registration with SIMI Switzerland. SIMI Switzerland reserves the right to determine whether another major is suitable for the programme requirements.

The Dual Degree Master of Sciences in Risk Management programme from SIMI Swiss consists of 6 mandatory modules for a combined total of 120 credits, 1200 Total Qualification Time (TQT) and 600 Self-directed Study hours for the completed qualification. After completing the first stage, learners enter the second stage with a Dissertation/ Casptone Projects/ Work-based Project. A Dissertation/ Casptone Projects/ Work-based Project can be a research or a specialised development project (the projetc’s speciality determines the graduate major). Graduation Dissertation/ Capstone Projects/ Work-based Project gaining 60 credits, 600 hours of research and 300 hours of documentary research.

Mandatory modules:

  • Principles of Risk Management
  • Strategic Risk Management
  • Responsible Leadership and Governance
  • Organisational and Environmental Risk
  • Risk Analysis and Modelling
  • Advanced Research Methods

After each module, learners will take an ending exam. The end-of-module exams are application-oriented essays to help students review knowledge, apply knowledge in the workplace, and improve the practical environment.

Dissertation/ Capstone Projects/ Work-based Project (60 credits)

  • Dissertation/ Capstone Projects/ Work-based Project
  • Defend Dissertation/ Capstone Projects/ Work-based Project

Dissertation/ Capstone Projects/ Work-based Project 

Dissertation/ Capstone Projects/ Work-based Project will be associated with solutions in the workplace. It can be a scientific research, innovation study, a risk analysis and management project in the field in which you are working, managing or currently researching…A project must meet both research and practically applied standards.

Master candidates may choose from one of the following majors. The project’s speciality will determine the graduate major from the Dual Degree Master of Sciences in Risk Management programme. The majors to choose from include:

  • Finance
  • Banking
  • Insurance
  • And other majors (must be approved from SIMI Swiss before starting a Master Dissertation/ Capstone Projects/ Work-based Project)

In addition to the entry requirements, candidates when registering for the programme, the admissions department also reviews candidates’ suitability before joining the programme to ensure that they can comprehend and gain benefits when participating.

Entry requirements:

To enrol the Dual Degree Master of Sciences in Risk Management, the learner must possess:

  • Graduated with a Bachelor’s degree from an accredited university or achieved a Level 6 Diploma according to the European Qualifications
  • For a degree from non-recognized universities; The learner should have followed the Recognition of Prior Learning (RPL) policy of SIMI.
  • Learners must be over 21 years old.

SIMI reserves the highest decision-making power for admission whether to accept or not accept after a specific review of each candidate’s profile to ensure that they can comprehend and gain benefits when participating.

For the fake university or the diploma mills, SIMI shall not be accepted.

English requirements:

If a learner is not from a predominantly English-speaking country, proof of English language proficiency must be provided.

  • Common European Framework of Reference (CEFR) level B2 or equivalent
  • Or A minimum TOEFL score of 101 or IELTS 6.5; Reading and Writing must be at 6.5 or equivalent

SIMI Switzerland has been accredited the “premier institution” status by the ASIC, and the programme is also accredited by Ofqual’s UK.

The programmes are strictly accredited by prestigious organisations; then, the graduated learner confidence participates in the labour market or/and easy learning connected to prestigious and equivalent educational systems.

  • For more information about SIMI Switzerland recognition and accreditation, please refer to Here
  • For more information on the programmatic recognition and accreditation and the value of the OTHM Level 7 Diploma in Risk Management, please refer to Here

Upon completing the Dual degree Master of Sciences in Risk Management programme, the learner will receive 2 Master degree:

  •   Master Degree according to UK National Qualifications Framework: OTHM Level 7 Diploma in Risk Management
  •   Master Degree from SIMI Swiss: Master of Sciences in Risk Management

OTHM Level 7 Diploma in Risk Management

OTHM Level 7 Diploma in Risk Management is a qualification in the UK Regulated Qualifications Framework, recognised not only by the UK government but also globally.

OTHM Level 7 Diploma in Risk Management:

  • Level 7 according to the Regulated Qualifications Framework (RQF) and Europe Qualifications Framework (EQF)
  • Sufficient training duration for Master qualification: 120 Credits
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Equivalence recognition of UK Level 7 Diploma with qualifications systems and levels of other education systems in the world:

Level Regulation framework Equivalent Degrees
7 Regulated Qualifications Framework (RQF) level 7 diploma
level 7 NVQ
postgraduate diploma
11 Scottish Credit and Qualifications Framework (SCQF) Masters Degrees
Post Graduate Diploma
SVQ 5
Master Degree Framework for Higher Education Qualifications (FHEQ) integrated Master's Degree, for example, Master of Engineering (MEng)
Master's Degree, for example, Master of Arts (MA), Master of Science (MSc)
7 European Qualifications Framework (EQF) Masters Degrees
Post Graduate Diploma
9 Australian Qualifications Framework (AQF) Masters Degrees
9 African Continental Qualification Framework (ACQF) Masters Degrees
Post Graduate Diploma
7 ASEAN Qualifications Reference Framework (AQRF) Masters Degrees
Post Graduate Diploma

Master of Sciences in Risk Management Degree

In addition to the UK Level 7 Diploma, after graduating from the programme, learners also receive a Master of Sciences in Risk Management from SIMI Swiss with full accreditation at the organisation and programme level.

After completing the Dual Degree Master of Sciences in Risk Management programme, learners can continue to study to Level 8 (Doctor) or transfer to other education systems. The following table shows the development pathways after completing the programme:

LevelQualification frameworkEquivalent Degrees
8Regulated Qualification Framework (RQF)Level 8 diploma
12Scottish Credit and Qualifications Framework (SCQF)Doctoral Degrees
Professional Development Awards
Doctoral DegreeFramework for Higher Education Qualifications (FHEQ)Doctorate, for example, doctor of philosophy (PhD or DPhil)
8European Qualifications Framework (EQF)Doctorate, for example, doctor of philosophy (PhD or DPhil)
Level 8 Diploma
10Australian Qualifications Framework (AQF)Doctoral Degree
10African Continental Qualification Framework (ACQF)Doctoral Degree
8ASEAN Qualifications Reference Framework (AQRF)Doctoral Degree
Level 8 Diploma
Contact SIMI

Bahnhofstrasse 21, 6300 Zug, Switzerland

SIMI is the first Higher Education provider in Zug, Switzerland. SIMI is accredited by ASIC and licensed by Canton of Zug, Switzerland in the training and research

Accredited by ASIC
Fully accredited by ASIC UK, Premier institution status.

SIMI offers a variety of Scholarships for International Students

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