Engineering with Finance MSc

London, Bloomsbury

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

UK students International students
Study mode
Full-time
UK tuition fees (2022/23)
£16,500
Overseas tuition fees (2022/23)
£32,100
Duration
1 calendar year
Programme starts
September 2022
Applications accepted
All applicants: 18 Oct 2021 – 31 Mar 2022

Applications closed

Notification

Application closes at 17:00 GMT.

Entry requirements

A minimum of an upper second-class Bachelor's degree from a UK university in a suitable engineering subject, or an overseas qualification of an equivalent standard. Candidates with qualifications in other subjects allied to engineering wil be considered. Strong mathematical and some programming skills are recommended.

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

UCL Pre-Master's and Pre-sessional English courses are for international students who are aiming to study for a postgraduate degree at UCL. The courses will develop your academic English and academic skills required to succeed at postgraduate level. International Preparation Courses

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

ATAS statement

If you are intending to apply for a time-limited visa to complete your UCL studies (e.g., Student visa, Skilled worker visa, PBS dependant visa etc.) you may be required to obtain ATAS clearance. This will be confirmed to you if you obtain an offer of a place.

Equivalent qualifications

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. Please note that the equivalency will correspond to the broad UK degree classification stated on this page (e.g. upper second-class). Where a specific overall percentage is required in the UK qualification, the international equivalency will be higher than that stated below. Please contact Graduate Admissions should you require further advice.

About this degree

The core engineering content concentrates on areas of new and emerging technologies and materials, combined with modules in project management and financial markets and institutions. Students undertake two engineering projects (a group design project and an individual project) which integrate the knowledge acquired through the taught modules.

Who this course is for

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.

What this course will give you

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. The department 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, close links with industry, and access to expertise in other disciplines, including other branches of engineering and management sciences within UCL.

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

The foundation of your career

The programme is delivered by leading researchers from across UCL and students have varied opportunities to network and stay informed about employment opportunities and skills required to progress.

Students are encouraged to participate in the UCL Financial Industry Series which organises high-impact conferences, debates and talks on financial topics. They are also encouraged to pursue individual projects with industrial partners. 

Students develop networks within the department and wider UCL and have access to careers support, including employer-led events and individual coaching. This equips graduates with the skills and confidence needed to play a creative and leading role in the professional and research community.

Employability

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

Accreditation

This programme is accredited by the IMechE on behalf of the Engineering Council as meeting the requirements for Further Learning for registration as a Chartered Engineer. Candidates must hold a CEng accredited BEng/BSc (Hons) undergraduate first degree to comply with full CEng registration requirements.

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.

Modules

Full-time

You will undertake four taught modules, plus a Group Design Project and an Individual Research Project. Four of the taught modules are compulsory whereas two taught modules can be selected from a list of five optional modules. Two of the compulsory modules are finance- and management-related and are delivered by the Department of Computer Science (CompSci) and UCL School of Management (SoM) respectively. In order to widen the range of programmes on offer, the optional modules comprise two Mechanical Engineering modules and three finance- and numerical methods-related modules (offered by CompSci and Mechanical Engineering).

Taught modules are comprised of lectures, seminars, tutorials and laboratory classes and are assessed on the basis of unseen written examinations and/or submitted coursework. For the Group Design Project, you will form into small groups and work on designing an innovative engineering product covering all aspects from design, manufacturing, finance and marketing. The Group Design Project is assessed via a progress report and presentations; it finishes in May with a presentation to a panel and the submission of a written report. The Individual Research Project comprises a large part of the programme (running from April to September); it is carried out under the supervision of a member of staff and is assessed on the basis of a written report and a project presentation. Progress is monitored via progress reports. 

Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change.

Students undertake modules to the value of 180 credits. Upon successful completion of 180 credits, you will be awarded an MSc in Engineering with Finance.

Accessibility

Details of the accessibility of UCL buildings can be obtained from AccessAble accessable.co.uk. Further information can also be obtained from the UCL Student Support & Wellbeing team.

Online - Open day

Graduate Open Events: Applying for Graduate Study at UCL

The Applying to UCL for graduate study session took place in December 2021. The session, covered by our Graduate Admissions and Student Recruitment teams, provides helpful information about the process of applying for graduate study, as well as offering an insight into what we consider to be a competitive application.

Online - Open day

Graduate Open Events: Funding your studies

The Funding your studies session took place in December 2021. The session, covered by our Funding and Student Recruitment teams, provides information and guidance about the various scholarships and funding opportunities for graduate study at UCL.

Fees and funding

Fees for this course

UK students International students
Fee description Full-time
Tuition fees (2022/23) £16,500
Tuition fees (2022/23) £32,100

The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Where the programme is offered on a flexible/modular basis, fees are charged pro-rata to the appropriate full-time Master's fee taken in an academic session. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Students website: ucl.ac.uk/students/fees.

Additional costs

There may occasionally be small, incidental expenses which can be reimbursed by the department once claimed.

For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at Accommodation and living costs.

Funding your studies

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

Scholarships relevant to this department are displayed below.

Brown Family Bursary

Now Closed for 2022/23
Value: £15,000 (1 year)
Criteria Based on both academic merit and financial need
Eligibility: UK

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.

There is an application processing fee for this programme of £90 for online applications and £115 for paper applications. Further information can be found at Application fees.

When we assess your application, we would like to learn:

  • why you want to study Engineering with Finance at graduate level
  • why you want to study Engineering with Finance 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 the 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.

Please note that you may submit applications for a maximum of two graduate programmes in any application cycle.

UCL is regulated by the Office for Students.