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Construction Economics and Management MSc

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.

Key Information

Modes and duration

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

Tuition Fees (2015/16)

UK/EU:
£11,125 (FT)
Overseas:
£20,140 (FT)

Application deadlines

All applicants:
31 July 2015
Optional qualifications: This degree is also available as a PG Diploma with fees set accordingly.
Fees note: Fees for part-time study are charged at appropriately half the full-time Master's fee. Fees for flexible, modular study are charged pro-rata to the appropriate full-time Master's fee taken in an academic session. The tuition fee schedule for 2015/16 entry can be viewed on the UCL Current Students 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.

English Language Requirements

If your education has not been conducted in the English language, you will be expected to demonstrate evidence of an adequate level of English proficiency.

The English language level for this programme is: Standard

Further information can be found on our English language requirements page.

International students

Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website.

International applicants can find out the equivalent qualification for their country by selecting from the list below.

Select your country:

Degree Information

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.

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
  • The Management of Construction Enterprises

Options

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

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

  • Fourth option taken either from list above or from a further list which includes the modules below:
  • Environmental Sustainability in the Construction Sector
  • Integrating Project Information Systems with Building Information Modelling
  • Managing Construction
  • Managing the Enterprise-Project Relationship
  • Organisations and People in Projects
  • Social Networks in Project and Enterprise Organisations

Dissertation/report

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 information on modules and degree structure available on the department web site Construction Economics and Management MSc

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 relevant to this department are displayed below. For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.

Bartlett Masters Scholarship

Value:
£5,000 (1 year)
Eligibility:
UK, EU, Overseas students
Criteria:
Based on financial needs

Brown Family Bursary

Value:
£15,000 (1 year)
Eligibility:
UK students
Criteria:
Based on both academic merit and financial needs

GREAT-UCL India Scholarship

Value:
£5,000(1 year)
Eligibility:
Overseas students
Criteria:
Based on academic merit

More scholarships are listed on the Scholarships and Funding website

Careers

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 degree

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

Employability

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.

Why 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.

Student / staff ratios › 31 staff › 250 taught students › 20 research students

Department: Bartlett School of Construction & Project Management

Application and next steps

Applications

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.

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.

Application deadlines

All applicants
2015-07-31

For more information see our Applications page.

Apply now

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.

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