Engineering with Finance MSc

London, Bloomsbury

This MSc programme builds on the success of our undergraduate Mechanical Engineering 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 (2024/25)
£19,300
Overseas tuition fees (2024/25)
£37,500
Duration
1 calendar year
Programme starts
September 2024
Applications accepted
Applicants who require a visa: 16 Oct 2023 – 05 Apr 2024
Applications close at 5pm UK time

Applications open

Applicants who do not require a visa: 16 Oct 2023 – 30 Aug 2024
Applications close at 5pm UK time

Applications open

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.

The English language level for this programme is: Level 1

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.

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

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 such as energy and robotics, combined with modules in both 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 programme is delivered by leading researchers from across UCL and students have a range of opportunities to network and stay informed about employment opportunities and skills required to progress.

Students are encouraged to participate in finance and technology activities, network events and to pursue individual projects with industrial partners. 

Students develop networks within the department and wider UCL, and have access to dedicated 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.

The foundation of your career

Engineering graduates with good analytical abilities are in high demand and our graduates have a range of opportunities to gain employment across many sectors and industries; from engineering and manufacturing to consultancy and finance. Recent graduates have gone on to work in firms such as:

  • Arrival
  • Rolls Royce
  • Mercedes AMG
  • Space X
  • EY
  • Royal Navy
  • Houlder
  • Williams Racing
     

Some recent UCL Mechanical Engineering graduates have also started their own enterprises, including environmental firm Greenr, custom-fit cycle helmet company Hexr, biomedical outfit Oxford Heartbeat and drone innovators Hybird.

Employability

Graduates of this programme will be well placed for careers within engineering, project management, finance, investment banking or IT sectors. Graduates also receive guidance on how to work toward recognised certifications for the financial industries.

Networking

All postgraduate students have access to rich ecosystem of opportunities to enrich their study and future career prospects by networking.

These include a range of networking events, talks and training facilitated by UCL Careers, UCL Engineering Careers, the Office of Vice Provost Advancement (OVPA) and UCL Innovation and Enterprise, with tailored events at department level, including a Mechanical Engineering Careers Fair.  These are complemented by student-led events with guests from industry, often featuring UCL alumni, industry visits and a range of events from dedicated UCL student societies, focussed on specific industrial sectors, as well as entrepreneurship.

Accreditation

This programme has been accredited by the IMechE [decision pending] 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, project work (including group projects), workshops and problem classes, which frequently draw upon real-life industrial case studies.

Assessment for this MSc programme is through a combination of examinations, coursework, reports, presentations, the group design project and the individual research project.

Contact time takes a variety of forms, including lectures, tutorials, project supervision, demonstrations, student feedback and consultation hours (where staff are available for consultation), email, and situations where feedback on assessed work is given. This is supplemented by self-directed learning to build up knowledge and skills.

Each module has a credit value that indicates the average learning hours you will spend on the required content. One credit typically equates to 10 hours of learning, which includes all contact time, self-directed study and assessment.

The contact time for each of your 15 credit taught modules will typically include 20-30 hours of teaching activity over the term of its delivery, with the balance then comprised of self-directed learning and working on your assessments. You will have ongoing contact with teaching staff via each module’s online discussion forum, which is typically used for discussing and clarifying concepts or assessment matters, and will have the opportunity to access additional support via regular student feedback and consultation hours with module leaders and programme directors.

Your project module will include regular contact with your project supervisor(s), who will guide and support you throughout your project. You will dedicate most of your time on this module to carrying out research in connection with your project and writing up your final report.

Modules

You will undertake six 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 optional modules. Two of the compulsory modules are finance and management-related and are delivered by the Department of Computer Science and UCL School of Management respectively. In order to widen the range of programmes on offer, the optional modules comprise Mechanical Engineering modules and finance and numerical methods-related modules (offered by Computer Science and School of Management).

Taught modules are comprised of lectures, seminars and tutorials and are assessed on the basis of examinations and/or submitted coursework. For the Group Design Project, you will be part of a small group and work on designing an innovative engineering product, covering all aspects from design, manufacturing, finance and marketing. The Group Design Project is assessed via written reports and presentations.

The Individual Research Project comprises a large part of the programme running from March through to September. This project is carried out under the supervision of an academic member of staff and is assessed on the basis of a written report and a project presentation.

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 are subject to change. Modules that are in use for the current academic year are linked for further information. Where no link is present, further information is not yet available.

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 and Wellbeing team.

Fees and funding

Fees for this course

UK students International students
Fee description Full-time
Tuition fees (2024/25) £19,300
Tuition fees (2024/25) £37,500

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.

UCL East London Scholarship

Deadline: 20 June 2024
Value: Tuition fees plus £15,700 stipend ()
Criteria Based on 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 (or one application for the Law LLM) in any application cycle.

Choose your programme

Please read the Application Guidance before proceeding with your application.

Year of entry: 2024-2025

UCL is regulated by the Office for Students.