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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.

Covid-19 programme updates

Due to COVID-19, there may have been updates to this programme for the 2020 academic year. Where there has been an update, these are indicated with a red alert and a link which will provide further information.

Key information

Programme starts

September 2020

Modes and duration

Full time: 1 year

Application dates

All applicants
Open: 1 November 2019
Close: 11 August 2020
Notification
Due to the large number of applications received, this programme is no longer accepting applications for 2020/21 entry. We apologise for any inconvenience caused. Applications for 2021/22 entry will open later in the year.

Tuition fees (2020/21)

UK/EU:
£13,640 (FT)
Overseas:
£28,530 (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.

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

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

  • Materials and Fatigue
  • Project Management
  • Financial Institutions and Markets
  • New and Renewable Energy Systems
  • Innovation and Group Design Project

Optional modules

  • Advanced Computer Applications in Engineering
  • Vibrations, Acoustics and Control
  • Entrepreneurial Finance
  • Numerical Methods for Finance
  • Financial Engineering

Please note: Restrictions apply to selection of optional modules. Please visit the Departmental degree structure page for more information

Covid-19 module updates
Due to COVID-19, there may be updates to the modules for your chosen programme of study this year. Some modules may not be available or may need to be moved to a later term or year of study. These updates are relevant for 2020-21 academic year only.  The full list of modules will be available in the module catalogue from late August.  From the first week of September, you will be invited to complete module selection from Portico, our student record system. There may need to be additional updates or changes to modules during the academic year to allow for new guidance from the UK Government and Public Health England. Your department shall keep you updated of these changes as they become available.

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.

Covid-19 contact hours on campus
In Term One, while campus will be open, all the learning activity for the core content of your modules will take place online – including lectures, tutorials, seminars and assessments. By “core content” we mean everything you need to learn to complete the module successfully. In addition to these online contact hours, we will be offering some face-to-face educational activities for students on campus, and we will provide alternative online activities for those students unable to join us on campus. These activities, which will include contact with academic staff, will be relevant to your programme of study may include seminars, academic and employability skills workshops, small-group or individual tutorials, lab and practice-based teaching. UK Government safety guidelines will limit the amount of ‘in person’ activity we can offer and while it will vary from programme to programme, is likely to be no more than 1-2 hours per week. This will vary across departments, particularly if your programme includes laboratory/practical/studio/workshop sessions. You will be updated with more specific details as they are available and your timetable will indicate which sessions will be on campus and which will be available online.
Covid-19 practical component updates
Due to COVID-19, there may be changes to the availability of the practical components for your chosen programme. Any updates relate only to the 20/21 academic year and may not apply to all students across the programme depending on your year of study.  Your department will keep you updated if the practical component of your programme is able to occur and/or any alternative options available.   There may need to be additional updates or changes to the practical component during the academic year to allow for new guidance from the UK Government and/or Public Health England. Your department shall keep you updated of these changes as they become available. 
Covid-19 assessment updates
There may be changes to the format of assessments for modules in this programme due to COVID-19. These will be summarised for each module on the module catalogue from 17 August 2020.   If any changes to assessments need to be made during the academic year due to updates in government guidance, these will be communicated to you as soon as possible from your department.    
Communicating further Covid-19 mitigation plans
We are continuing to follow UK Government guidance, as well as the expertise of our researchers, including specialists in health, education, human behaviour and infection prevention, to make sure UCL is as safe as possible during the COVID-19 pandemic. If it becomes necessary to make further changes to your programme as a result of new guidance/regulations, UCL and your department will communicate these as soon as this becomes clear. We will keep you up-to-date with our plans throughout term one, so you have the information you need to be able to take decisions that are right for your circumstances. Please ensure that you keep in touch with your department by regularly checking your UCL emails, Moodle courses, the Coronavirus FAQs for Students page and any UCL online groups or social media you follow.

Additional costs

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. Further information can also be obtained from the UCL Student Support & Wellbeing team.

Funding

Scholarships relevant to this department are displayed below.

Brown Family Bursary

Note:
This scheme is now closed for 2020/21
Value:
£15,000 (1 year)
Eligibility:
UK
Criteria:
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.

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.

There is an application processing fee for this programme of £80 for online applications and £105 for paper applications. Further information can be found at: www.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
11 August 2020

For more information see our Applications page.

Apply now

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Page last modified on 13 August 2020