Sources of Funding

Institute for Fiscal Studies

For more information please visit the IFS website.

Ricardo Scholarships

  • A maximum of TWO (2) scholarships known as the Ricardo Scholarships may be awarded in each session.
  • The scholarships are available to prospective, full-time and/or part-time, overseas/EU/UK  MRes/MPhil/PhD students intending to pursue a course of study or research leading to an MRes/MPhil/PhD degree offered by the Department of Economics, at University College London.
  • The criterion for awarding the scholarship is academic excellence and potential.
  • The qualifications of candidates are considered by the MRes/MPhil/PhD Programme Director and the Head of Department, Economics. 
  • The scholarship is awarded by Council on the recommendation of the PhD director and head of Department.
  • The value of each scholarship is £15,863, plus FULL (OVERSEAS OR UK/RATE) TUITION FEE WAIVER.
  • The scholarship is tenable for FOUR YEARS.
  • Payment of the scholarship is made in the form of four termly instalments at the start of each term.  The fee waiver will be implemented by deduction from tuition fees at the start of the academic session.
  • The scholarship may not be held alongside other fee-only awards/ non-fee awards/ any other award–-no matter what the value.
  • All scholarships and awards are subject to the provisions of the UCL General Regulations for Scholarships,  Prizes, Medals and Bursaries.
  • Recipients of this award will be required to undertake Teaching Assistant duties for the duration of the award.
  • All applicants for admission to our MRes programme are automatically considered for departmental funding at the time of application. There is no separate application process.

David Pearce Scholarships

  • A maximum of THREE (3) scholarships known as the David Pearce Scholarships may be awarded in each session.
  • The scholarships are available to prospective, full-time and/or part-time, overseas/EU/UK MRes/MPhil/PhD students intending to pursue a course of study or research leading to an MRes/MPhil/PhD degree offered by the Department of Economics, at University College London.
  • The criterion for awarding the scholarship is academic excellence and potential.
  • The qualifications of candidates are considered by the MRes/MPhil/PhD Programme Director and the Head of Department, Economics
  • The scholarship is awarded by Council on the recommendation of the PhD director and head of Department.
  • The value of each scholarship is £15,863, plus FULL (OVERSEAS OR UK/RATE) TUITION FEE WAIVER
  • The scholarship is tenable for ONE YEAR.
  • Payment of the scholarship is made in the form of three termly instalments at the start of each term.  The fee waiver will be implemented by deduction from tuition fees at the start of the academic session.
  • The scholarship may not be held alongside other fee-only awards/ non-fee awards/ any other award–-no matter what the value.
  • All scholarships and awards are subject to the provisions of the UCL General Regulations for Scholarships, Prizes, Medals and Bursaries.
  • All applicants for admission to our MRes programme are automatically considered for departmental funding at the time of application. There is no separate application process.

W M Gorman Graduate Research Scholarships


The department has named these scholarships after Professor W M (Terence) Gorman, 1923-2003, who made a substantial contribution to the development of graduate research in Economics at UCL.

Up to four departmentally funded scholarships, each having a value of £16,200 for students entering the first year or who are already enrolled on the MRes/MPhil/PhD programme, to be known as the W M Gorman Graduate Research Scholarships, may be awarded by the UCL Department of Economics in each session.

  • The scholarships will be awarded to students studying full time on the MRes/MPhil/PhD Programme in the UCL Department of Economics.
  • Scholarships will be of one year in duration.
  • The awards will be made to students who are not already receiving full financial support from other sources for fees and living costs, and will normally be awarded to students who would otherwise be prevented by financial circumstances from taking up a place at UCL.
  • The scholarships will be awarded on the basis of financial need and academic merit.
  • The value of each studentship is £16,200.
  • Applicants for the MRes/MPhil/PhD Programme who wish to be considered for this award should indicate a request for funding consideration on their application for admission (section 26).
  • The qualifications of candidates will be considered by a committee convened by the Head of the UCL Department of Economics.
  • The scholars selected must pursue an MRes/MPhil/PhD Programme in the UCL Department of Economics.
  • The scholarships are tenable for one year and are not renewable.
  • Payment of the scholarships will normally be made in three instalments.
  • UCL reserves the right to vary these regulations should it become necessary to do so.
  • Awards are subject to the provisions of the General Regulations.
  • Only successful applicants will be notified.
  • All applicants for admission to our MRes programme are automatically considered for departmental funding at the time of application. There is no separate application process.

Teaching Assistantships    

The Economics Department operates a Teaching Assistant scheme, under which a number of PhD students are appointed on the basis of an annual competition. The number of Teaching Assistant posts available varies depending on staff leave and other factors, but normally between eight and twelve appointments are likely to be made each year.
The duties of a Teaching Assistant are to supplement academic lectures through the delivery of small group teaching for students taking modules in the Economics Department. The main duties and responsibilities are listed below.

  • Class teaching (in groups of approximately 15-17 students) for one or more courses
  • Marking of coursework submitted for the classes taught using solutions provided by course lecturer 
  • To maintain records to monitor student progress, achievement and attendance
  • A weekly office hour for student enquiries in the term taught plus one additional hour in term 3 prior to the examination
  • Examination marking duties (in term 3) 
  • Regular meetings with the course lecturer to discuss arising issues and problems
  • Involvement in ad-hoc meetings organized by the PGTA Administrator
  • To actively follow and promote UCL policies, including Equal Opportunities.
  • To uphold confidentiality in regards to students records and marks.


For specific queries please contact Catherine England

ESRC Postgraduate Studentships     

UCL is an ESRC Designated Doctoral Training Centre (DTC). To apply for an ESRC studentship you will apply to the ESRC via UCL. The studentships do not place conditions on an applicant’s residency status.

  • If you want to apply for an award, you must first apply for admission. Then send an up-to-date CV and an outline of your proposed research to the Graduate Studies Administrator, Daniella Harper, by 14 January 2015. The department will select 5 applicants to go into the quota scheme.

Royal Economic Society one-year Junior Fellowship Awards    

The Departmental deadline for applications is Friday 28th February 2014. Three copies should be submitted to the Reception, UCL Economics.

UCL Research Scholarships (GRS and ORS)

For more information please see the websites listed below:


GRS website: http://www.ucl.ac.uk/prospective-students/scholarships/graduate/UK-EU_Res/grs
ORS website: http://www.ucl.ac.uk/prospective-students/scholarships/graduate/overs-res/ors

Applications must be submitted to departments no later than Friday 17 January 2014. Hard copies of applications should be sent to:

Daniella Harper
UCL Department of Economics
Drayton House
30 Gordon Street
London
WC1H 0AX

CSC Scholarships

1. CSC Partially-Funded Visiting Research Scholarships


UCL offers a number of fee-only scholarships to match CSC-funded one-year Visiting Research Scholarships. This is to encourage research collaborations with top Chinese laboratories for mutually beneficial research projects that may lead to co-funding opportunities from other sources. Further information on this scheme can be found here:
http://www.ucl.ac.uk/chres_studentvisit

Please note that students MUST hold an unconditional offer to study at UCL as a research affiliate in order to be eligible for this award. For information on how to apply for admission as Visiting Research Students, please go to:
http://www.ucl.ac.uk/prospective-students/scholarships/faq/


2. CSC Partially-Funded PhD studentships


CSC offers about 6000 (partially-funded) PhD studentships that cover the stipend and international travel of the candidates ONLY. Most of the enquiries you receive fall into this category. If the candidate is particularly strong, you may want to consider nominating such studentships for UCL's ORS awards: http://www.ucl.ac.uk/ors


3. CSC Fully-Funded PhD Studentships


CSC does offer a very limited number of Fully-Funded PhD studentships that cover stipend and overseas fee (to 30,000USD per year) to exceptionally qualified candidates who are accepted by world-leading universities, such as UCL. However, not all the candidates know this option. Candidates can only apply for a partial or fully funded award, not both. Therefore, this also carries a higher risk for the candidates. Colleagues should encourage potential candidates to apply through their individual university in China for such scholarships.

UniCredit & Universities Foundation Prizes

1 Pioneer Investments Research Fellowship

For young economists who have a PhD or who are about to be awarded one. The fellowship will last twelve months. The winner will receive a monthly stipend of €3,000 before tax and will be askeed to carry out a research on household saving and investment behavior at Pioneer Investments in Milan. At the end of the 12 month fellowship, the fellow may be invited by Pioneer to participate in a selection for recruitment as a permanent employee  http://unicreditanduniversities.eu/index.php/en/fellow/show/fellow_id/21

6 Best PhD Thesis Award 2nd edition

To reward the six best doctoral dissertations in Economics or Finance. The prize amounts to € 5,000 grosss each.

http://unicreditanduniversities.eu/index.php/en/fellow/show/fellow_id/15

2 UWIN Best Paper Award 2nd edition

The competition aims at all young economists and researchers. The prizes will be awarded to the best two

2 UWIN Best Paper Award 2nd edition

Aimed at all young economists and researchers for the best two papers on Gender Economics. Winners receive € 5,,000 gross each.
http://unicreditanduniversities.eu/index.php/en/fellow/show/fellow_id/17%20%3C?xml:namespace%20prefix%20=%20o%20ns%20=%20"urn:schemas-microsoft-com:office:office"%20/>

Research Project Funds

Details of the deadlines, guidelines and application forms can be viewed at:
www.ucl.ac.uk/gradschool/funds/

Frederick Bonnart-Braunthal PhD Scholarship

  • There is 1 scholarship worth £25,000 pa available, which will be awarded in competition with LSE
  • The scheme is aimed at research students who plan to explore the nature of religious, racial and cultural prejudices and to find ways of combating them.  
  • Applications from your particular units are encouraged (Law, DPU, SHS & PHS), particularly where a candidate can demonstrate practical application of their analyses to current problems of intolerance, always bearing in mind the interest of the Founder of the Trust (details at www.fbbtrust.org.uk) not only in the nature of intolerance but in identifying “a means to combat it”. 
  • Applications need to be submitted by students by 26 March – further information and application form at https://www.ucl.ac.uk/prospective-students/scholarships/graduate/UK-EU_Res/frederick

Departmental Postgraduate Research Student Funds

The Department has a limited amount of money per year that can be awarded to Postgraduate  Research Students to assist with funding contributions to events and conferences or general research activity if relevant to programme of study. Please see guidance notes on eligibility and how to apply below.

Eligibility:

  • A graduate student registered for an MPhil/PhD
  • With effect from April 2015 no more than two awards will be made to each applicant during their programme of study
  • Students with Completing Research Student status are only eligible for this fund providing they have not already received two awards 
  • A maximum of up to £500 will be considered per application

How to Apply:

  • Please fill in the ‘Departmental Request for Funds’ Form and send to Daniella Harper by the relevant deadline, as below
  • Your application will be reviewed within 2 weeks of the deadline and you will be notified of the department’s decision via e-mail. Please note that we cannot guarantee that funding will be provided

Estimating your costs & contributions:

  • When estimating your costs & contributions please give a full breakdown of all relevant estimated expenses, justifying your costs and providing quotations as appropriate. Please ensure your estimates are based on the most cost effective accommodation and fares. Details of UCL’s preferred travel provider can be found on the UCL Procurement website
  • Please ensure when booking air travel you book as far ahead as possible taking care to book the cheapest flights possible
  • Information on UCL’s travel insurance policies can be found on the UCL Finance website
  • Advantage should be taken of ‘Early Bird’ less expensive registration rates, wherever possible
  • Conference dinners and similar expenses will not be funded
  • If foreign currency is used, please state the exchange rate and convert the costs to pounds sterling
  • Please be as accurate as possible in estimating your projected expenses. Awards are given based on the estimated costs; however if the actual costs incurred are lower than those estimated, the award will be reduced accordingly

Deadlines:

  • The department will review applications twice a year in February and September
  • Applications for review in February need to be sent to Daniella Harper no later than 31 January 
  • Applications for review in September need to be sent to Daniella Harper no later than 31 August 
  • In exceptional cases we will accept ‘emergency’ applications outside of these dates, however, please note that this will exclude you from applying to that years February and September round and that we cannot guarantee funding. Please e-mail Daniella Harper if you would like to apply for ‘emergency’ funding stating the nature of your request

Claiming an Award

  • If you are awarded funds, you will receive a confirmation e-mail and expenses form from Daniella Harper
  • Please remember to keep all receipts for expenses incurred
  • Please claim your award as follows:
  • Complete the expenses form with actual costs incurred. The items for which you claim should generally be the same as those listed on your original application. Please do not claim for items you have not listed on your application form unless special circumstances have arisen
  • Receipts for the total cost of expenses to be claimed should be attached to the expenses form
  • You should provide receipts for each item you have listed. Please staple together the receipts in the order you have listed them 
  • Please ensure you submit your expense claim  to the Finance Office, G20, Ground Floor, Drayton House,  within 3 months of incurring any costs, failure to do so may result in you not being able to claim the money back
  • Please allow approximately one month for payment to be made
  • If your actual costs are lower than your estimated costs, your award will be reduced accordingly

Funds for Women Graduates

This funding opportunity applies to women who are in the final year of their studies. Please see the Funds for Women Graduates website.