Infrastructure Investment and Finance MSc

Options: PG Diploma, PG Certificate


There is growing demand for infrastructure investment globally as traditional sources of public funding and finance can no longer be presumed to provide the required levels of capital. This innovative MSc will consider the perspectives of procuring infrastructure as well as providing the private finance to deliver the required investments to close the infrastructure gap.


Mode of study

  • Full-time 1 year
  • Part-time 2 years
  • Flexible 3-5 years

Tuition fees

  • UK/EU Full-time: £12,900
  • Overseas Full-time: £21,700

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.


Application date

  • All applicants: 1 June 2014

More details in Application section.


What will I learn?

With a strong commercial focus, this course provides candidates with a well-balanced mix of economic and financial theory as well as industry practice, including modules exploring:

  • The history and future of infrastructure investment at global, national and sector levels, and the key determinants of total and sector investment levels
  • The impact of government policy, funding and private capital markets on investment in infrastructure
  • The role of regulation in incentivising private investment
  • The cost of capital for infrastructure investment and the allocation of risk in contracted delivery
  • The commercial perspective of infrastructure project sponsors, lenders, investors and contractors throughout the procurement, design, construction and operation of infrastructure assets

Why should I study this degree at UCL?

Many governments including the UK, US, the EU, China and India are increasing their focus on improving infrastructure. The required capital for investment is estimated to be in the trillions of US dollars. At the same time there is a dire need for professionals equipped with the necessary skills and knowledge to deliver regional, national and international infrastructure projects. This pioneering MSc is the only course in the UK, and one of few globally, to focus on the finance, funding and commercial issues associated with these vast sums of investment and global infrastructure needs and this is the space where graduates of this programme will come into their own.

The School of Construction & Project Management is placed within the renowned UCL Bartlett Faculty of the Built Environment. The School has both specialist expertise and excellent relations with a range of industry and government bodies, which will provide a valuable network to students seeking careers in the exciting area of infrastructure financing and development.

The MSc directly benefits from the signing of a Memorandum of Understanding (MoU) between UCL and the European Investment Bank (EIB). This MoU sets out the scope of the EIB's support and on-going involvement in the planning and delivery of the IIF MSc. It is expected that the EIB’s involvement will significantly enhance students’ understanding of infrastructure finance and investment, through the Bank’s long and multi-faceted experience in this field.

UCL is exploring accreditation of the MSc with professional institutions such as the Chartered Institute for Securities and Investment (CISI) and the Royal Institute of Chartered Surveyors (RICS).


MSc students undertake modules to the value of 180 credits. The programme consists of eight core modules (120 credits) and a research dissertation (60 credits).

A Postgraduate Diploma (120 credits, full-time nine months, part-time two years or flexible three to five years) is offered.

Core Modules

  • Financing Infrastructure: Fundamentals and Innovations in Funding and Financing
  • Infrastructure using a Special Purpose Vehicle
  • Infrastructure: Economic Principles and Policy
  • Infrastructure as an Asset Class
  • Agency and Transaction Costs in Infrastructure Projects
  • Risk Modelling and Asset Management in Infrastructure Projects
  • Demand Forecasts and Business Cases and Appraisal Methods for Infrastructure Projects
  • The Management of Large Projects and Programmes

Options

  • There are no optional modules for this programme

Dissertation/report

All students undertake a substantial research-based dissertation on a research question of their own choosing.

Teaching and Learning

The MSc programme is delivered through a combination of lectures, seminars, group tutorials/workshops, project briefings, and individual supervision for the research-based dissertation element. Assessment is through examinations, 3,000-word written term papers and 10,000-word dissertation.

Further details available on subject website:


Funding

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

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

A minimum of an upper second-class Bachelor’s degree from a UK university in a relevant subject (including engineering, mathematical-based science, built environment, economics and finance), or an overseas qualification of an equivalent standard. In exceptional cases, a lesser academic qualification combined with substantial professional experience and demonstrable academic ability will allow acceptance onto the programme.

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 June 2014.

Who can apply?

This programme is designed for early to mid-career professionals seeking to specialise in infrastructure investment, economics and finance, procurement and regulatory functions. In addition to enabling finance graduates the opportunity to specialise, the IIF MSc will also be attractive to engineering graduates wishing to adapt their career options, and to graduates in other related numerate subject areas (e.g. economics, planning, etc.).

What are we looking for?

When we assess your application we would like to learn:

  • Why you want to study for the MSc in Infrastructure Investment and Finance and what attracts you to this specialism
  • how your professional and academic background meets the demands of th MSc IIF
  • why you want to study at UCL
  • How the MSc IIF will help you to achieve your career plans.
When completing your application you should consider that 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.


Career

This MSc will equip graduates with the potential to become future innovators, leaders, senior managers, policy makers, researchers and teachers in the fields of finance, infrastructure ownership and project management industries. Organisations that are likely to take on graduates of MSc IIF include infrastructure developers, infrastructure financiers and investors such as banks and equity funds, infrastructure operators, public sector commissioning and regulatory bodies, as well as advisory firms active in the growing infrastructure market.

Employability

Completing the one year programme will equip graduates with skills necessary to a career in infrastructure procurement and development whether as public sector advisor, private sector financing specialist or consultant within advisory firms.

Students successfully completing the programme will be able to show:

  • Competence in their ability to apply a wide range of theories and concepts to a variety of infrastructure focused problems and contexts
  • They possess high level critical and research skills
  • Their ability to critically appraise and interpret the importance of trends and developments in the infrastructure investment and finance sectors of the countries in which they work
  • Their ability to appraise critically the continuing developments in the literature and research on the infrastructure investment and finance.


Next steps

Contact

Bartlett Graduate Faculty

T: +44 (0)20 3108 9018/9004/9002

W: Bartlett School of Construction & Project Management

Apply

APPLY HERE

Register your interest

Register your interest to keep up to date with news from UCL and receive personalised email alerts.


Videos

View videos about UCL and its global impact on our YouTube channels: Study UCL and UCLTV.


Alumni View

"I established contacts with many researchers at UCL and with people outside the university through the various seminar series held at my institute, and most importantly through presenting my research at conferences in various parts of the world."

Fabian Kesicki

Energy Analyst, International Energy Agency, 2012

Subject: Energy Institute, Faculty: Built Environment

Staff View

"I am inspired by the excitement of innovation and finding the 'shiver down the spine' moment when you know a research idea has the potential to change a sector or to make a real difference in our knowledge and understanding of cities."

Dr Andrew Hudson-Smith

Director, CASA

Subject: Spatial Analysis (Centre for Advanced), Faculty: Built Environment