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L102 Frequently Asked Questions

These FAQs relate specifically to the L102 programme.  For questions relating more generally to life at UCL and entrance requirements please see L100 FAQs

Why is not possible to guarantee me a placement?

What types of organisations can I apply to?

What support can I expect?

What happens if I am unsuccessful in applying for a placement?

Is there any additional workload associated with the L102?

Are there any academic requirements I must meet in order to be permitted to go on placement?

Can I go on placement abroad?

Can I found my own company or start-up as a placement opportunity?

How much are the fees for the L102 programme?

Will I be paid for my placement?

I’m a student on Tier 4 visa, will I be able to work on a placement year?


Q. Why is not possible to guarantee me a placement?

A. Most employers who offer placement opportunities for 9-months or more require you to apply through a competitive process. We will support you through these processes but cannot guarantee that at the end you will be offered a placement.

A placement cannot be guaranteed and you must take the lead in identifying suitable placements and applying for them.

Q. What types of organisations can I apply to?

A. An approved placement will enable you to gain direct professional experience and also provide opportunities for you to achieve the learning and research objectives related to your economics degree. A placement must be approved by the BSc Director. We expect the placement to be in the UK.

The types of organisations students may want to consider, include: Bank of England; GES – GOVERNMENT ECONOMICS SCHEME; and OFGEM.

Q. What support can I expect?

A. Bespoke support in applying and preparing for placements will be available from the department.

UCL Careers also offers support in terms of employer fairs and presentations where you will be able to research placement opportunities in person.  You can also book one to one appointments for careers guidance, application/CV checks, and practice interviews.

Q. What happens if I am unsuccessful in applying for a placement?

A. In the event that you are not successful in securing a placement, you would usually, (provided you meet any requirements) be able to request to transfer to the L100 Economics BSc at the end of second year.

Q. Is there any additional workload associated with the L102?

A. During the second year you will need to spend time researching, applying and preparing for your placement and during the third year there will be academic assignments to complete in addition to working full-time. This is an essential part of your learning, and will add to your workload. You will also participate in our Economics Skills Lab in the second and final years to help you enhance your work-place skills.

Q. Are there any academic requirements I must meet in order to be permitted to go on placement?

A. You must meet the progression requirements for the L102 in order to go on placement. Progression will be subject to minimum academic standard requirements. Students will be required to be complete in and pass all first and second year units, including any compulsory modules, and have secured a placement offer from an employer and meet any conditions stated in the offer, before starting the placement in year 3; a student who fails to achieve the requirements may be eligible to transfer to the L100 Economics BSc.

Q. Can I go on placement abroad?

A. No, currently the placement must be based in the UK.

Q. Can I found my own company or start-up as a placement opportunity?

A. No, currently you must undertake a placement year at an established organisation where you work as an employee.

Q. How much are the fees for the L102 programme?

A. Students will pay reduced tuition fees to UCL during the placement year. For further information about UCL tuition fees please see Fees & Funding.

Q. I’m a student on Tier 4 visa, will I be able to work on a placement year?

A. You must ensure that you have the right to stay in the UK as a student for four years and that you have the right to work on an academic placement in your third year.

For further information on this issue please see - Immigration and Visas

Q. Will I be paid for my placement?

A. A placement year is an investment on your part and that of the placement provider. Many organisations pay a salary or at the very least offer as a minimum, travel and expenses payments. However some organisations may offer unpaid placements. Bear in mind that there will be additional costs associated with your placement, such as accommodation, purchasing work clothes and getting to and from work as well as the UCL tuition fee that you will need to pay (see above).