Construction Economics and Management MSc

Options: PG Diploma

The internationally renowned Construction Economics and Management MSc was the first programme of its kind in the UK, designed to equip students with the economics and management skills to analyse the kinds of problems that will confront senior managers, policy advisers and decision-makers in any branch of the construction industry.

Mode of study

  • Full-time 1 year
  • Part-time 2 years (normally only available to students from the EU)
  • Flexible 3-5 years

Tuition fees

  • UK/EU Full-time: £10,800
  • Overseas Full-time: £19,550

Application date

  • All applicants: 1 August 2014

More details in Application section.

What will I learn?

This RICS accredited programme aims to develop students' knowledge and skills under two mutually supporting themes for which the School of Construction and Project Management has an international reputation:

  • the economics and finance of construction at project, firm and industry levels
  • the management of construction projects and enterprises.
Construction is taken in its widest sense to include design, infrastructure and the supply chain.

Why should I study this degree at UCL?

Our school is part of the UCL Bartlett which is the UK's largest multi-disciplinary Faculty of the Built Environment, bringing together scientific and professional specialisms required to research, understand, finance, design, procure, construct/refurbish and operate the buildings, infrastructure and urban environments of the future.

Outside the school we have links within UCL with those involved in engineering, computing and other areas of management.

Located in London, UCL is at the heart of a large cluster of architectural, engineering, surveying, real estate and management consultancies which, together with major construction/infrastructure clients, contractors and financial institutions, are next to the UK's centre of government with all the resources of a world city to hand.

Students undertake modules to the value of 180 credits. The programme consists of four core modules (60 credits), four optional/elective modules (60 credits) and a dissertation (60 credits).

A Postgraduate Diploma (120 credits, full-time nine months) is offered.

Core Modules

  • The Economics of Construction: Economics, Sectors and Industries
  • The Economic Institutions of the Construction Industry
  • Project Management
  • Principles of Enterprise Management
  • Management Weekend
  • Students will spend a weekend in understanding their own interpersonal and teamworking skills


  • Choose at least two of the following:
  • Construction Booms and Slumps
  • Construction Clients and the Market for Contracts
  • Economics of Appraisal of Construction Projects
  • Economics of Speculative Development
  • Construction Industry Development

  • Plus at least one of the following:
  • Mnaging Change in Organisations
  • Enterprise Management: Relationships between firms
  • Capturing and Delivering Value
  • The Construction Firm: Contractors and Subcontractors
  • Managing Professional Practice
  • Marketing and Project Business Development

  • Fourth option taken from option lists above or following listof modules.
  • Environmental Sustainability in the Construction Sector
  • Supply CHain Management: Principles and Case Studies
  • The Management of Large Projects and Programmes
  • Social Networking in Project and Enterprise Organisations
  • Integrating Project Information Systems with BIM
  • Managing the Enterprise-Project Relationship


All MSc students submit a 10,000-word dissertation related to the main themes of the programme, under the guidance of an individual supervisor.

Teaching and Learning

The programme is delivered through a combination of lectures, seminars and group work on case studies, exercises and problems. Lectures include industry guest speakers. Assessment is through written examination, term papers and the dissertation.

Further details available on subject website:


Part-time students are charged pro-rata to the number of credits taken in any one year based on the full-time fees applicable in that year.

Typically a student completing in the minimum two-year period will pay one-third of the full-time fees applicable in the first year (four 15-credit modules) and two-thirds of the full-time fees applicable in the second year (four 15-credit modules plus the 60-credit dissertation).

Scholarships available for this department

Brown Family Bursary

This award is based on financial need.

Bartlett Masters Scholarship

These scholarships are based on financial need.

GREAT/UCL Scholarship

This is a joint programme part funded through GREAT funds and through contributions made by UK Universities. GREAT is a part of the UK Government’s campaign to show to the world the best of the UK, and UCL has 8 master's courses which are eligible for inclusion. No separate appliction is required; all eligible students will be assessed by their department.

Bartlett Masters Scholarship

These scholarships are based on financial need.

Further information about funding and scholarships can be found on the Scholarships and funding website.

Entry requirements

The normal minimum qualifications are a lower second-class Bachelor's degree from a UK university or an overseas qualification of an equivalent standard. Generally, however, we will be looking for a standard close to an upper second unless the applicant can offer professional qualifications or a reasonable period of relevant practical experience.

International equivalencies

Select your country for equivalent alternative requirements

English language proficiency level: Standard

How to apply

Students are advised to apply as early as possible due to competition for places. Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.

The deadline for applications is 1 August 2014.

Who can apply?

This programme is particularly appropriate for applicants who already possess knowledge and experience of project management and are seeking to move from a project-based to a business-based role within construction; or wish to specialise in areas of practical application of economics and finance.

What are we looking for?

When we assess your application we would like to learn:

  • why you want to study Construction Economics and Management at graduate level
  • why you want to study Construction Economics and Management at UCL
  • what particularly attracts you to the chosen programme
  • how your academic and professional background meets the demands of this challenging programme
  • where you would like to go professionally with your degree.
Together with essential academic requirements, the personal statement is your opportunity to illustrate whether your reasons for applying to this programme match what the programme will deliver.


The career options for graduates are varied, and many students go on to work for construction, engineering and design enterprises, professional consultants and commercial research organisations, and client enterprises with significant project portfolios such as retailers or banks. Graduates are keenly recruited by many of the UK's very best construction-sector firms. The MSc can be used as a foundation for MPhil/PhD research.

Top career destinations for this programme

  • Gallisford Try, Fire Engineer, 2010
  • UCL , PhD Engineering, 2010
  • Department of Construction Planning Bureau, Canada, Civil Servant, 2011
  • New World China Land, Investment Marketing Manager and Research, 2011
  • AS Plano SA, Real Estate Developer, 2010


The course offers an understanding of financial and other management within the context of the project, the project-based firm and the construction industry in its widest sense. There are some elements of the course which can be put to use straight away combined with other elements of a strategic nature which will prove useful as the graduate's career moves into more senior management. It is thus an excellent postgraudtae qualification to offer employers by those trained in a technical discipline without previous economic training or those trained in economics or finance without previous exposure to construction.

Next steps


Bartlett Graduate Faculty

T: +44 (0)20 3108 9004/9018


Bartlett School of Construction & Project Management

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