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Learner Reviews & Feedback for Financial Risk Management with R by Duke University

102 ratings
45 reviews

About the Course

This course teaches you how to calculate the return of a portfolio of securities as well as quantify the market risk of that portfolio, an important skill for financial market analysts in banks, hedge funds, insurance companies, and other financial services and investment firms. Using the R programming language with Microsoft Open R and RStudio, you will use the two main tools for calculating the market risk of stock portfolios: Value-at-Risk (VaR) and Expected Shortfall (ES). You will need a beginner-level understanding of R programming to complete the assignments of this course....

Top reviews


May 17, 2020

The concepts are beautifully explained. This course requires basic understanding of Risk management and R coding. Thank you for such a good learning experience. Best of Luck


Jul 11, 2020

The basic of financial risk management are provided with very clear theoretical background and exercises to learn it practically!

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1 - 25 of 44 Reviews for Financial Risk Management with R

By Peter M

Dec 28, 2019

I really like the professor, and the content was clearly explained and relevant. However, there are some serious technical problems with the course.

Let me preface this by saying I am very comfortable programming in R; I have been using it for econometric analysis for 5 years. Given this, I think it is unreasonable to demand that students to use a dated R version in the course. I did not "downgrade" my R to take this, and therefore experienced some problems.

These problems stem from the fact that the random number generator (RNG) default program changed in R version 3.6.0. Therefore, when using the set.seed() command to ensure our random samples matched those of the professor, I got slightly different results. This shouldn't have been a problem, but the professor arbitrarily decided that the answers to the quizzes and exercises should include six decimal places. If he asked for three or four decimals, this would not have been a problem and any version of R would be sufficient.

There is a solution to this; use the command RNGkind(sample.kind = "Rounding") before the set.seed() command. This sets the RNG default to that of R version 3.5. This explanation should be added to the course.

The other major technical issue is even more frustrating. The Russell 3000 and Russell 2000 data used in quiz 3 and 4 in EVERY week/module was removed for the FRED databases. See this article: .

This data was removed on October 4, 2019. When taking this course almost three months later, I found that this issue has not been addressed yet. Because of this, 8 of the 16 quizzes in this course cannot be completed.

This course has so much potential, but it is lost in the lack of maintenance.

By Marcelo F C M

Jul 19, 2020

I think the course is quite interesting and there are good resources to practice R coding. Even though, I think the course would be more productive if all coding material is updated so it can be used in the latest versions of RStudio. I also think some more interaction would be achieved by professor and students.

By Øyvind M E

May 10, 2020

As some without a background in finance and risk assessment, this course was a nice introduction to risk

assessment. I do have one negative comment, it would be nice with some suggestions/links for supplementary information on the financial theory.

By Alaeddine S

May 17, 2020

Not mathematically detailed, neither in R. Requires more intuitive/ practical examples

Good for an overview.

By Giuseppe C

Apr 15, 2020

Too complicate for me. I am lacking in some basics for using.

By Ted H

Dec 03, 2019

A really fantastic course! Perfect for somebody with an introductory understanding of the R-programming language and of financial analytics. The course goes into some really complicated concepts, and by the end you will be analyzing Volatility Clustering with the GARCH model. But the professor walks you through at a steady pace so that it really does start to make sense. Luckily the exercises and quizzes stay reasonable and do a good job of reinforcing the material - they do not stretch you beyond what was covered. You are not expected to be an expert by the end.

By R.L.N M

Apr 21, 2020

This course content is good. Prof has taught it really excellent. It requires bit more explanation on R codes and some statistical concepts. VaR has to be dealt in more detailed way. There are several volatility clustering techniques. Prof should have given a slight introduction to various GARCH models. On the whole, the course is worth taking and has good value for money in my opinion. Thanks to prof and coursera

By Rahul Y

Aug 22, 2020

Thank you, professor, Duke University & Coursera for this amazing course.

This is must course for a person with a background in Risk management and wants to build skills in r programming. Course content is beautifully design by the mentor and very helpful in building various risk models

By Adrian R P

Aug 11, 2020

The only problem is that some of the QUIZ are with problem in R and when you utilize the solution for that the answer don't fit, maybe after some time show as the resolution of the problems or check this errors, ex. QUIZ 1 week 4.

But, the couse are excelent and easy to get knowledge.

By Dr. S M A T

Jul 01, 2020

Its a wonderful and extremely learning course relating financial risk management using R. I have enjoyed every module and gained valuable knowledge relating calculation of VaR and ES using different R functions. Thank you to the Team of this course and Coursera management.

By Felipe O

Aug 21, 2020

Excellent course, it deals adequately with each concept of risk management, in a concrete and simple way. The uses of R-packages make the calculation of risk measures much easier and the teacher also takes care to explain well the theory behind them. Recommended!

By Dhinesh A D

May 12, 2020

Great course on financial market analysis with real time data elevates the actual functioning of the different markets and analyzing using R Studio. The concepts were of advanced for a beginner but going through lectures more often gives clarity.

By Debayan S

Jul 28, 2020

One of the best courses on Financial Risk Management on R starting right from the basics and going in-depth to cover the areas of Risk management transitioning smoothly for a new comer to understand the field. Extremely helpful course

By Avik D

May 17, 2020

The concepts are beautifully explained. This course requires basic understanding of Risk management and R coding. Thank you for such a good learning experience. Best of Luck

By Francisco G

Apr 12, 2020

Interesting subject and clearly explained, but I do not see how is this connected to "Entrepreneurial Finance: Strategy and Innovation"

By Kristina S

Jul 11, 2020

The basic of financial risk management are provided with very clear theoretical background and exercises to learn it practically!

By Stéphane C

May 22, 2020

The course is very interesting, albeit not exactly related to Entrepreneurial Finance. Some knowledge of R is recommended.


Jun 01, 2020

I loved this course, I think it was very friendly and of course with an excellent level.

I highly recommend this course

By Aron M B

Jun 26, 2020

One of the best courses available on coursera! I really recommend it to every person keen on finance and investments!

By Bruno T A H

Aug 12, 2020

Impressive and interesting for an approach of applied finances, widely recommended but not for beginners!

By Lucas F F

Jun 28, 2020

Me encanto. Muy bien explicado el profesor y los ejemplos en la ultima semana estaban muy buenos.

By Julian P

Jul 15, 2020

Very nice explanation, with a vocabulary for dummies in the topic Risk Management. Very useful

By Jesús M

Jul 20, 2020

It is an excellent option to learn and review the basic concepts to analyze financial data.

By Joe W

Jul 07, 2020

This course has been very well planned and structured. I enjoyed taking it. Thank you.

By Nataly B

Jul 18, 2020

Very good course, it would be great to see a next level course from this topic