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Engineering with Finance MSc

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.

Key information

Programme starts

September 2021

Modes and duration

Full time: 1 year

Application dates

All applicants
Open: 9 November 2020
Close: 30 April 2021

Tuition fees (2021/22)

UK:
£16,000 (FT)
Overseas:
£31,200 (FT)


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 Students website: ucl.ac.uk/students/fees.

Accreditation:

The Engineering with Finance MSc has been accredited by the Institute of Mechanical Engineers (IMechE) as meeting the further learning requirements, in full, for registration as a Chartered Engineer for a period of five years, from the 2017 student cohort intake.

Location: London, Bloomsbury

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

Pre-Master's and Pre-sessional English

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.

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:

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.

Students undertake modules to the value of 180 credits.

The programme consists of four core modules (60 credits), two optional modules (30 credits), a group design project (30 credits) and the individual research project (60 credits).

Upon successful completion of 180 credits, you will be awarded a MSc in Engineering with Finance.

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.

Core modules

  • Control and Robotics
  • Project Management
  • Financial Institutions and Markets
  • New and Renewable Energy Systems
  • Innovation and Group Design Project

Optional modules

Students select two modules from the following (subject to availability):

  • Advanced Computer Applications in Engineering
  • Materials and Fatigue
  • Entrepreneurial Finance
  • Numerical Methods for Finance
  • Financial Engineering

Please note: Restrictions apply to selection of optional modules. 

Dissertation/report

All students undertake a group design project and an individual research project, both culminating in a substantial dissertation. The group project focuses on creativity and design, teamwork, project management and business planning and feasibility. The research project revolves around student research interests; it often has industry input and develops high-level presentation, critical thinking and research 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.

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.

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.

Funding

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

Careers

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.


Employability

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 the department’s careers programme, including employer-led events and individual coaching. This carefully designed programme equips 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. 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 and close links with industry, and has 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 Institute of Mechanical Engineers (IMechE).

Accreditation:

The Engineering with Finance MSc has been accredited by the Institute of Mechanical Engineers (IMechE) as meeting the further learning requirements, in full, for registration as a Chartered Engineer for a period of five years, from the 2017 student cohort intake.

Department: Mechanical Engineering

What our students and staff say

Staff view

"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

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.

This programme requires two references. Further information regarding references can be found in our How to apply section.

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: ucl.ac.uk/prospective-students/graduate/taught/application.

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
30 April 2021

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 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.

UCL is regulated by the Office for Students.

Page last modified on 11 June 2021