Level 7
Diploma
Level 7 Diploma in Accounting and Finance
120 credits 1200 hrs TQT Online
RQF Level 7
Diploma
Ofqual-regulated
Level 7 Diploma in Risk Management
Risk Management · Equivalent to a master's degree level (120 credits; dissertation stage completed with a university) · online with LSIB
The OTHM Level 7 Diploma in Risk Management is an Ofqual-regulated Level 7 diploma in Risk Management worth 120 credits (1200 hours of total qualification time), delivered online and flexibly by LSIB, an OTHM approved centre. It is equivalent to a master's degree level (120 credits; dissertation stage completed with a university). Most learners complete it in one year, studying part-time around work. You can apply online today, download the brochure, or ask for the full course details by email.
What is the Level 7 Diploma in Risk Management?
The objective of the OTHM Level 7 Diploma in Risk Management qualification is to equip learners with the skills and knowledge necessary for effective risk management, ensuring alignment with strategic decision-making that enhances an organization’s competitive advantage.The OTHM Level 7 Diploma in Risk Management programme offers a comprehensive understanding of risk and its practical applications in both financial and non-financial organisations.
Learners will gain both theoretical and practical understanding of risk including techniques for risk measurement and modelling.
Who is this qualification for?
This Level 7 diploma suits graduates and experienced managers who want master's-level study in risk management with a route to an MBA or MSc top-up.
- Study fully online with tutor support from LSIB, with no fixed timetable.
- Assessment by assignments, so you can evidence learning from your own workplace.
- Each level carries 120 credits, so you can progress one level at a time.
Entry requirements
For entry onto the OTHM Level 7 Diploma in Risk Management qualification, learners must possess:
- An honours degree in related subject or UK level 6 diploma or an equivalent overseas qualification
- Mature learners with management experience (learners must check with the delivery centre regarding this experience prior to registering for the programme)
- Learners must be 21 years old or older at the beginning of the course
- English requirements: If a learner is not from a majority English-speaking country must provide evidence of English language competency. For more information visit English Language Expectations page in this website.
Qualification structure and units
The OTHM Level 7 Diploma in Risk Management qualification consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.
| Unit | Type | Credits |
|---|---|---|
| Principles of Risk Management | Mandatory | — |
| Strategic Risk Management | Mandatory | — |
| Responsible Leadership and Governance | Mandatory | — |
| Organisational and Environmental Risk | Mandatory | — |
| Risk Analysis and Modelling | Mandatory | — |
| Advanced Research Methods | Mandatory | — |
| Total for the qualification | 120 | |
Source: OTHM qualification specification (PDF) · Ofqual qualification number 603/6782/9.
Duration and delivery
The qualification is designed to be delivered over one academic year for full-time study but it is also flexible in its delivery in order to accommodate part-time and distance learning.
The qualification is delivered face-to-face, through lectures, tutorials, seminars, distance, online by approved centres only.
At LSIB the qualification is delivered online: you receive the unit materials, assignment briefs and tutor support through the learning platform and submit assignments when you are ready. There are no fixed lecture times, so you can start in any month.
How you are assessed
All units within this qualification are internally assessed by the centre and externally verified by OTHM. The qualifications are criterion referenced, based on the achievement of all the specified learning outcomes.
To achieve a ‘pass’ for a unit, learners must provide evidence to demonstrate that they have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria. Judgement that the learners have successfully fulfilled the assessment criteria is made by the Assessor.
The Assessor should provide an audit trail showing how the judgement of the learners’ overall achievement has been arrived at.
Progression and career routes
The OTHM Level 7 Diploma in Risk Management qualification enables learners to progress into or within employment and/or continue their further study. As this qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), learners are eligible to progress to Master’s top-up at many universities in the UK and overseas with advanced standing. For more information visit University Progressions page in this website.
Fees and how to apply
The course fee for the Level 7 Diploma in Risk Management at LSIB depends on how quickly you choose to complete the qualification. Every programme is available in two duration modes.
| Duration mode | Length | Course fee |
|---|---|---|
| Standard mode | 9 months | £950 |
| Accelerated mode / Fast-track | 6 months | £1,250 |
The fee is payable in monthly or quarterly instalments. It includes tuition, learning materials, assessment and OTHM registration and certification.
Fee payment plans
9 months (Standard mode)
| Plan | Instalments | Total |
|---|---|---|
| Monthly | 5 × £190 | £950 |
| Quarterly | 2 × £475 | £950 |
| Pay in full (Save 5%) | 1 × £903 | £903 |
6 months (Accelerated / Fast-track)
| Plan | Instalments | Total |
|---|---|---|
| Monthly | 3 × £416 | £1,248 |
| Pay in full (Save 5%) | 1 × £1,188 | £1,188 |
You can avail a 5% discount if you pay the full course fee upfront in one instalment (bursary amounts shown in the tables).
The enrolment fee is £10 when you submit your application. It is separate from the course fee above.
- Apply and pay the £10 enrolment fee Use Apply now to open the application form with this programme pre-selected. Complete the form, upload your ID and qualification certificates (or a CV showing relevant experience), and pay the £10 enrolment fee to submit.
- Application review and course-fee link Admissions review your application within one working day. If you are approved, we email you a secure link to pay the course fee in full or on an instalment plan.
- Start your course As soon as your course fee (or first instalment, if you chose a plan) is paid, you receive your learning-platform login and can begin the first unit. There is no fixed intake date.
Frequently asked questions about the Level 7 Diploma in Risk Management
What is the Level 7 Diploma in Risk Management equivalent to?
The Level 7 Diploma in Risk Management sits at Level 7 on the Regulated Qualifications Framework (RQF). Equivalent to a master's degree level (120 credits; dissertation stage completed with a university).
How many credits is the Level 7 Diploma in Risk Management?
The qualification carries 120 credits, with 1200 hours of Total Qualification Time and 600 Guided Learning Hours. Credits are awarded per unit on successful completion.
How long does the Level 7 Diploma in Risk Management take?
OTHM designs the qualification to be completed in one year of full-time study; LSIB delivers it online so you can study part-time and pace the assignments around work.
Is the Level 7 Diploma in Risk Management recognised?
Yes. OTHM Qualifications is an awarding organisation regulated by Ofqual in England, and this qualification is listed on the Ofqual register under qualification number 603/6782/9. LSIB is an OTHM approved centre.
Are there exams on the Level 7 Diploma in Risk Management?
No. OTHM qualifications are assessed by written assignments for each unit, marked by the centre and externally verified by OTHM.
How do I apply for the Level 7 Diploma in Risk Management with LSIB?
Apply online through the LSIB application portal (Apply now), pay the £10 enrolment fee, and upload your documents. Admissions review your application within one working day. If approved, you receive a secure link to pay the course fee in full or on an instalment plan. You start as soon as course fee payment clears.
Progression path
- Level 7 Diploma
- Level 8 Diploma in Strategic Management and Leadership Practice
- University top-up
Related OTHM qualifications
Who awards and delivers this qualification
Awarding organisation: OTHM Qualifications, regulated by Ofqual. Ofqual qualification number 603/6782/9.
Delivery centre: London School of International Business Ltd (LSIB), 622 Crown House, North Circular Road, Park Royal, London NW10 7PN — OTHM approved centre since 2007.
Source: OTHM qualification specification (PDF); facts on this page are taken from it and re-checked nightly.
Last reviewed 18 October 2026Published by LSIB admissions team
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