Risk Management

Second-cycle (Master’s) studies
1.5 years, 3 semesters
Tuition-based program

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What you will learn

Master’s studies in Risk Management are designed for individuals seeking specialized knowledge and advanced tools essential for working in modern financial and risk management departments of both financial and non-financial institutions.

During the program, you will:

• Deepen your knowledge in finance, economics, accounting, and investments as foundations for defining financial and risk management strategies;

• Learn to analyze complex organizational situations and develop effective solutions for managing risk;

• Gain insight into advanced models and theories necessary for identifying and managing credit risk, operational risk, ESG-related risks, fraud risk, market risk, financial risk, and investment risk;

• Understand how to identify, assess, and manage different types of risk within the scope of financial management in practice;

• Grasp the role of risk management in financial institutions and corporations as a key element of corporate oversight and governance.

Your skills

This program prepares you for roles where identifying, analyzing, and managing risk in the field of financial management is essential. During your studies:

• you will learn practical methods for risk assessment,

• you will develop the ability to formulate hypotheses, conduct analyses, and draw conclusions—skills valuable in project-based, research, and consulting work,

• you will master modern digital and communication tools that support data analysis, collaboration, and process management in risk and financial management,

• you will learn to synthesize complex information and translate it into clear, professional reports and presentations tailored to different audiences—from team members to executive boards,

• you will build competencies for working in expert teams—in departments such as financial management, risk, credit analysis, capital adequacy, investments, treasury, and internal audit,

• you will gain leadership skills and the ability to manage project teams.

This program is designed for ambitious individuals who want to deepen their knowledge of integrated risk management in both financial and non-financial institutions.

Strong points of the program

This program responds to the current needs of the job market.

• You learn from lecturers who are also industry professionals, working in financial institutions and corporations.

• You benefit from cutting-edge knowledge – the curriculum is based on international research findings, trend analyses, and collaboration with business partners.

• You gain practical experience – working on real case studies using IT tools.

• You become part of a dynamic environment that embraces innovation and cooperation with the business sector.

• You develop skills that prepare you for careers in risk management, audit, and consulting.

• You build a strong foundation for earning respected professional certifications such as Investment Advisor, PRM, ORM, or CRMA.

Who should study Risk Management

For those who want to deepen their expert knowledge of risk and financial management in financial institutions, corporations, or consulting firms.
For individuals aiming to specialize in selected areas of financial and risk management.
For candidates aspiring to grow as professionals in both the financial and non-financial sectors.
For those planning to obtain recognized professional certifications such as Investment Advisor, PRM, ORM, or CRMA.
For people thinking about the future – looking for practical preparation for careers in finance departments, consulting, risk assessment, credit risk, capital adequacy, treasury, investment, and internal audit.
For candidates open to development and technology – ready to shape future practices in financial and risk management.
For graduates of various fields – who want to acquire knowledge within a clearly defined industry of financial and risk management.
For those seeking practical, specific, and career-oriented knowledge.

Career paths and opportunities after graduation

Master’s studies in Risk Management at the University of Warsaw’s Faculty of Management are the next step for those who want to grow in a key area of financial and risk management within financial institutions, corporations, and consulting firms.

• Broad employment prospects in the continuously evolving financial sector, consulting firms, and corporations.

• Risk management across various areas: market, financial, operational, credit, ESG, fraud, capital adequacy, treasury, investments, internal audit – graduates work in numerous institutions in Poland and abroad.

• Expert and managerial positions – manager, team leader, credit analyst, expert, advisor.

• Preparation for obtaining prestigious professional qualifications and certifications – such as PRM, ORM, or CRMA.

• Opportunities for further development – postgraduate studies, MBA, or PhD, both in Poland and internationally.

Admission Rules

Applicants for the first year of second-cycle (master’s) studies must hold a bachelor’s, master’s, engineer’s, or equivalent degree.

Candidates are admitted to the program based on the arithmetic average calculated from:

• the final grade on the higher education diploma,

• the grade point average (GPA) from the course of studies.

A ranking list is created in the admission process based on the final score calculated according to the above criteria.

Admission Rules for Candidates with a Foreign Diploma

The same rules apply as for candidates with a diploma obtained in Poland.
If a foreign higher education diploma does not include a final grade, the equivalent grade will be the average grade from the course of study, converted to the grading scale used at the University of Warsaw.

Assessment of the candidate’s competence to study in Polish

Candidates holding a foreign higher education diploma who do not possess a document recognized by the University of Warsaw confirming their proficiency in the Polish language (in accordance with the general requirements set out in the recruitment resolution) must undergo an interview to verify their knowledge of Polish.

During the interview assessing Polish language proficiency, candidates will be evaluated on their ability to read and understand texts as well as their ability to formulate responses in Polish.
The interview will be based on the content of articles from the economic section of the newspaper Rzeczpospolita.

• The maximum number of points that can be earned from the Polish language interview: 5.

• The minimum number of points required to pass the interview: 3.

The date of the Polish language proficiency interview (if applicable): July 29, 2025.

Contact with the Recruitment Office

Office hours: Monday – Friday, 9:00 AM – 2:00 PM, room C206 (2nd floor), ul. Szturmowa 1/3, Warsaw; (during June–September: Monday – Friday, 8:00 AM – 3:00 PM);

Phone numbers:

22 55 34 100

22 55 34 190

Email: rekrutacja@wz.uw.edu.pl – for candidates from Poland
admissions@wz.uw.edu.pl – for international candidates

Recruitment Schedule for Studies in the 2025/2026 Academic Year

Registration in the IRK system: June 5, 2025 – July 22, 2025.
Payment of the recruitment fee: June 5, 2025 – July 23, 2025.
Announcement of results: August 1, 2025.
Submission of documents by qualified candidates: August 2, 5–6, 2025.
If there are any changes due to waiting list movements, additional two-day deadlines will be posted on the candidate’s individual account in the IRK system.

If the quota of places is not filled in the first recruitment round, a second round will be launched. Registration for the second round will begin on August 19, 2025.

Fees

Recruitment fee (including fees paid from abroad)
Fee for issuing a student ID card (ELS)

Required Documents

List of documents to be submitted in paper form if admitted to the program.