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Engineering with Finance MSc

This MSc programme builds on the success of our undergraduate Engineering with Business Finance programme and is designed to give graduates with a first degree in a relevant numerate subject the engineering, management and finance knowledge and skills necessary to work on engineering projects, and in business and finance.

Key Information

Modes and duration

  • Full-time: 1 year

Programme start date

September 2016

Tuition Fees (2016/17)

£11,090 (FT) N/A (PT)
£23,440 (FT) £11,670 (PT)

Application dates

All applicants
Open: 5 October 2015
Close: 29 April 2016

Entry Requirements

A minimum of an upper second-class Bachelor's degree from a UK university in engineering, physics or applied mathematics, or an overseas qualification of an equivalent standard.

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

Core engineering content concentrates on areas of new and emerging technologies and materials as well as numerical methods. This is combined with modules in project management, financial markets, risk and regulation. Students undertake two engineering projects (a group design project and an individual project) which integrate the knowledge acquired through the taught modules.

Students undertake modules to the value of 180 credits.

The programme consists of five core modules (75 credits), an optional module (15 credits), a group design project (30 credits) and the individual research project (60 credits).

Core Modules

  • Materials and Fatigue
  • Project Management
  • Financial Institutions and Markets
  • New and Renewable Energy Systems
  • Numerical Analysis for Finance


  • Advanced Computer Applications in Engineering
  • Vibration, Acoustics and Control
  • Compliance, Risk and Regulation
  • Entrepreneurial Finance


All students undertake a group design project and an individual research project. Culminating in a substantial dissertation, the research project, which often has industry input, focuses students' research interests and develops high-level presentation and critical thinking skills.

Teaching and Learning

This dynamic programme is delivered through a combination of lectures, tutorials, seminars, laboratory and project work, workshops and problem classes, all of which frequently draw upon real-life industrial case studies. Assessment is through examinations, coursework, laboratory reports, presentations, the group design project and the individual research project.

Further information on modules and degree structure available on the department web site Engineering with Finance MSc


Scholarships relevant to this department are displayed (where available) 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.

Brown Family Bursary - NOW CLOSED FOR 2015/16 ENTRY

£15,000 (1 year)
UK students
Based on both academic merit and financial need

SPDC Niger Delta Postgraduate Scholarship - NOW CLOSED FOR 2015/16 ENTRY

Tuition fees, plus stipend, flights and allowances. (1 year)
Overseas students
Based on academic merit

More scholarships are listed on the Scholarships and Funding website


Graduates of this programme will be well placed for a future career within engineering, project management, finance, investment banking or IT sector. For example, as part of the programme you will complete modules in project management and finance, utilise the UCL’s virtual trading room that uses Reuters’ electronic platform and receive guidance on how to work toward recognised certifications for the financial industries.

The first cohort of students on the Engineering with Finance MSc graduated in 2013. Their career destinations were a mixture of engineering and finance-related jobs with a small number pursuing a research degree.


The programme is delivered by leading researchers from across UCL, and students have plenty of opportunity to network and keep themselves informed about emerging ideas, for example, by participating in the UCL Financial Industry Series which organises high-impact conferences, debates and talks on financial topics. Students also develop networks through the programme itself and through the department’s careers programme which includes employer-led events and individual coaching. This carefully designed programme is equipping our graduates with the skills and confidence needed to play a creative and leading role in the professional and research community.

Why study this degree at UCL?

UCL Mechanical Engineering is a dynamic and vibrant place to study and do research. Located in central London it was the first mechanical engineering department in the UK. It has a long reputation for internationally leading research funded by numerous organisations and industry, and quality teaching.

The department benefits from state-of-the-art facilities and close links with industry, and has access to expertise in other disciplines, including engineering and management sciences within UCL.

The Engineering with Finance MSc has been accredited by the Institute of Mechanical Engineers (IMechE).

Student / staff ratios › 54 staff including 17 postdocs › 167 taught students › 132 research students

Department: Mechanical Engineering

Degree reviews

Student review

"The extent to which engineering studies values and cultivates problem-solving skills, along with a strong mathematical background and how these skills can be applied to the financial sector is of particular interest to me. Knowing that when I finish my studies I will be equipped with the skills necessary to tackle modern problems in a wide range of industries inspires and motivates me to intensify my efforts. "

Nikoletta Koleri

Engineering with Finance MSc
Staff review

"UCL is one of the best places in the world to do interdisciplinary research. I had the opportunity to help set up the Institute of Making, which is a place that encourages play, research and development through making. We have created a vibrant multi-disciplinary community whose activities support the teaching and research communities within UCL, as well as anyone who is curious about stuff. We provide a fully equipped workshop, technical training, a library of materials and most importantly, inspiration and support."

Professor Mark Miodownik

Engineering with Finance MSc and Engineering with Innovation and Entrepreneurship MSc
UCL Mechanical Engineering

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?

The programme is suitable for students with a first degree in engineering, physics or applied mathematics who wish to gain the knowledge and skills necessary for a career in engineering, project management, IT, business and finance, or for further doctoral research in this field.

Application deadlines

All applicants
29 April 2016

For more information see our Applications page.

Apply now


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