The 2023 Risk Prize is now open and entries are due by Monday 03 April 2023.

An award will be made for the best submission on risk management by a current postgraduate student at the University of Cambridge who are enrolled in their course on the submission date of the Risk Prize.

The winner and two honourable mentions will be announced in early June 2023. The winner will be awarded a prize of £3,000 at the Centre for Risk Studies’s 2023 annual conference. The prize award ceremony will be at a plenary session attended by finance, industry and academic delegates. Judges will include members of McKinsey’s Global Risk Practice and members of the Centre for Risk Studies at Cambridge Judge Business School.

How to apply

Entries should be in the form of an illustrated document no longer than ten pages, including appendices and references. Exhibits, tables of data, etc, are encouraged. The subject matter should be broadly related to risk management including; governance, risk in strategy, risk modelling, risk metrics, or risk as a general subject. Potential subjects include regulation, corporations, global strategy and financial institutions. Beyond framing of risk, some attention to management of or response to risk is expected.

Entrants are encouraged to view McKinsey’s latest thinking on risk.

The prize is open to all postgraduate students at the University of Cambridge who are enrolled in their course on the submission date of the Risk Prize. Essays must be sole authored, ie by the entrant. Entrants may submit essays for the Risk Prize which draw on their course projects or other research, sole authored or collaborative, and should reference such work accordingly. When using existing work, it is important to rewrite it so that your essay respects the broader aims of the Risk Prize. The judges will take into consideration the originality of essays.

Your application

All entries should be a single pdf document using the Risk Prize Entry and Declarations Form below, to include the following:

  1. Bio-sketch and photo page with signed declaration
  2. Title Page
  3. Essay – ten pages or less (including appendices and references)

Please download the following Entry and Declarations form and paste directly into the front of your essay prior to submittal.


Submissions for the 2023 Cambridge McKinsey Risk Prize will be accepted from 01 March 2023 until the closing date Monday 03 April 2023 at 23:59.

Please send your essay to [email protected].