The MSc in Construction Economics and Management equips graduates with the skills to become senior managers, policy advisers and decision-makers in any branch of the construction industry. It can also provide teachers and researchers in these subject areas with professional academic development.
Modes and duration
Tuition fees (2018/19)
- £14,520 (FT) £N/A (PT)
- £23,740 (FT) £N/A (PT)
Note on fees: The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Current Students website. Fees for flexible, modular study are charged pro-rata to the appropriate full-time Master's fee taken in an academic session.
Fee deposit: All full time students are required to pay a fee deposit of £2,000 for this programme.
RICS Project Management pathway
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.
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:
About this degree
This RICS accredited programme aims to develop students' knowledge and skills under two mutually supporting themes, for which the School of Construction & 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, four core modules, four optional modules (120 credits, full-time nine months) is offered.
- The Economics of Construction: Economics, Sectors and Industries
- The Economic Institutions of the Construction Industry
- The Management of Construction Projects
- The Management of Construction Enterprises
Optional module choices will include:
- 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**
- Managing Professional Practice*
- Relationships between Firms*
- Capturing and Delivering Value*
- The Construction Firm: Contractors and Subcontractors*
- Marketing and Project Business Development*
- Managing Change in Organisations*
- 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
*Students choose at least one
**Students choose at least two
The fourth optional module is selected from the remaining choices displayed above.
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.
Fieldwork contributes to primary research for the dissertation
Scholarships relevant to this department are displayed below.
- £15,000 (1 year)
- Based on both academic merit and financial need
For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.
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
- Graduate Construction Manager, Balfour Beatty
- Project Planner, Laing O'Rourke
- Business Analyst, Lloyds Banking Group
- Project Engineer, CMT Design & Construction
- Structural Design Engineer, Urban Construction Architectural Design and Research Group
The programme offers an understanding of financial and other kinds of management within the context of the project, the project-based firm and the construction industry in its widest sense. There are some elements which can be put to use straight away while other elements of a strategic nature will prove useful as graduates move into more senior management roles. It is an attractive graduate qualification either for those trained in a technical discipline without previous economic training or those trained in economics or finance without previous exposure to construction.
Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2012–2014 graduating cohorts six months after graduation.
Why study this degree at UCL?
Our school is part of The Bartlett, which is the UK's largest multidisciplinary faculty of the built environment. It brings 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 faculty we have links within UCL with those involved in engineering, computing and other areas of management.
Located in central London, UCL is at the heart of a large cluster of architectural, engineering, surveying, real estate and management consultancies, major construction/infrastructure clients, contractors and financial institutions. The UK's centre of government and all the resources of a world city are also to hand.
RICS Project Management pathway
Student / staff numbers
› 42 staff
including 2 postdocs
› 300 taught students
› 30 research students
Staff/student numbers information correct as of 1 August 2017.
Research Excellence Framework (REF)
The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.
Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.
Application and next steps
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.
- 27 July 2018
- 31 August 2018
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.
We welcome applicants who have achieved an upper second class degree (2:1) at undergraduate level or equivalent.
Applications from applicants with lower academic achievement records will also be considered, if the applicant has significant post-graduation industry experience.