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Infrastructure Investment and Finance MSc

London, Stratford (UCL East)

UCL's Infrastructure Investment and Finance MSc equips students with the analytical skills and industry knowledge to manage and finance major infrastructure projects globally. Combining economics, finance, and policy, the course is ideal for professionals aiming to shape sustainable, large-scale infrastructure development in both public and private sectors.

UK students International students
Study mode
UK tuition fees (2026/27)
£25,300
£12,650
Programme also available on a modular (flexible) basis.
Overseas tuition fees (2026/27)
£42,700
£21,350
Programme also available on a modular (flexible) basis.
Duration
1 calendar year
2 calendar years
5 calendar years
Programme starts
September 2026
Applications accepted
Applicants who require a visa: 20 Oct 2025 – 27 Mar 2026
Applications close at 5pm UK time

Applications open

Applicants who do not require a visa: 20 Oct 2025 – 28 Aug 2026
Applications close at 5pm UK time

Applications open

Apply for this course

Entry requirements

A minimum of an upper second-class Bachelor’s degree from a UK university in a relevant subject (including engineering, mathematical-based science, built environment, economics and finance), or an overseas qualification of an equivalent standard. In exceptional cases, a lesser academic qualification combined with substantial professional experience and demonstrable academic ability will allow acceptance onto the programme.

The English language level for this course is: Level 2

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.

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

Global demand for infrastructure is rising, yet traditional public funding sources are increasingly constrained. Bridging the infrastructure gap now relies heavily on private capital. The Infrastructure Investment and Finance MSc addresses this challenge by equipping students with the knowledge and skills to navigate the complex intersection of infrastructure development, financing, and policy.

This commercially focused course blends rigorous economic and financial theory with real-world industry insights. You’ll explore how infrastructure projects are procured and financed, and the vital role of private investment in delivering sustainable infrastructure at national and global scales.

The course offers a holistic perspective, highlighting the roles and incentives of all key stakeholders—project sponsors, lenders, investors, contractors, and governments—from project inception through to long-term operation.

Delivered over one year, the MSc prepares graduates for impactful careers in infrastructure procurement, finance, and advisory. Alumni go on to work as public sector advisors, infrastructure investment professionals, or consultants in leading advisory firms. 

Who this course is for

This course is tailored for early to mid-career professionals aiming to specialise in infrastructure investment, economics and finance, procurement, management, or regulatory functions. It offers finance graduates the opportunity to deepen their expertise, while also appealing to engineering graduates looking to broaden their career horizons. Additionally, the course is well-suited to those with backgrounds in related numerate disciplines such as economics, planning, or other areas of finance.

   
 

Read about what it takes to study for a Master's at UCL

What this course will give you

Expert knowledge: By studying with us, students are offered expert knowledge in the economics and finance of infrastructure development, investment needs at different lifecycle stages, and the future of infrastructure investment at various levels.

Investment insight: Students will gain insight into the impact of government policy and capital markets, explore public-private partnerships (PPP) and project finance, and understand the implications of climate change and sustainability issues. 

Specialist curriculum: The curriculum also covers the cost of capital, risk allocation, commercial perspectives of industry stakeholders, the role of green finance, and risk modelling and asset management in infrastructure finance.

Multi-disciplinary skills: There is a compelling industry need for professionals equipped with a multi-disciplinary expertise which combines technical and financial skills with the ability to undertake risk assessments, financial modelling, investment and economic analysis. 

Unique offer: This pioneering MSc is one of the few master’s courses, globally recognised, to focus on the finance, investment and commercial applications associated with infrastructure and the built environment.

Learn in London: Based in central London, UCL’s Bartlett School of Sustainable Construction is close to world-leading financial, engineering and consulting practices, many of which are UCL partners. 

Industry connections: The School has excellent relations with a range of industry and government bodies, which offer a valuable network to students seeking careers in the exciting area of infrastructure financing and development. The course also directly benefits from the signing of a Memorandum of Understanding (MoU) between UCL and the European Investment Bank (EIB). This MoU has the intention of enhancing students' understanding of infrastructure finance and investment through their exposure to the bank's extensive experience in this field.

Top Ranked: For the third year in a row, The Bartlett Faculty of the Built Environment was ranked #1 in the world for ‘Architecture and Built Environment’ (QS World University Subject Rankings 2025).

Accredited: This degree is currently undergoing its regular reaccreditation process with the Royal Institution of Chartered Surveyors (RICS).

What is it like being a student with us? Explore the stories from our students and alumni as they share their experiences, insights, and advice. Plus, connect with a current Bartlett student via our Unibuddy platform to have your questions answered.  

Read about what you'll get out of a graduate programme

The foundation of your career

Top industry sectors for Bartlett School of Sustainable Construction graduates in work are construction, built environment and property (35% of graduates); accountancy and financial services (24%); manufacturing (7%); IT and tech (5%); and consultancy (5%).

83% of Bartlett School of Sustainable Construction graduates were in work or further study 15 months after graduation. (Graduate Outcomes Survey 2017-22)  

Bartlett School of Architecture graduates are working in 43 countries around the world. 
(source: Graduate Outcomes Data 2017-2022)

Employability

This degree is designed to enable infrastructure specialists to develop the skills essential to the delivery of complex infrastructure projects. It will equip graduates with the potential to become future innovators, leaders, senior managers, policymakers, researchers and educators in the fields of infrastructure investment and finance and project management industries.   

Students successfully completing the course will be able to show:

  • competence in their ability to apply a wide range of theories and concepts to a variety of infrastructure focused problems and contexts
    possession of high-level critical, analytical and research skills
  • an ability to critically appraise and interpret the importance of trends and developments in the infrastructure investment and finance sectors of the countries in which they work
  • an ability to appraise critically the continuing developments in the literature and research on infrastructure investment and finance.
    application of financial modelling skills to the infrastructure sector.

Networking

The Bartlett School of Sustainable Construction and UCL careers events are held during the year to enable students to meet prospective employers. Organisations that are likely to take on graduates of this degree include infrastructure developers, infrastructure financiers and investors such as banks and equity funds, infrastructure operators, public sector commissioning and regulatory bodies, as well as advisory firms active in the growing infrastructure market.

The course team and the School actively supports students and alumni in establishing their professional network, recognising the importance of networks in providing graduates with opportunities and support throughout their careers. 

Accreditation

This degree is currently undergoing its regular reaccreditation process with the Royal Institution of Chartered Surveyors (RICS).

Teaching and learning

The course is seminar-based with an emphasis on case and problem-based learning. This is supported through readings and class exercises in the taught modules.

The course will include a combination of lectures, seminars, group tutorials/workshops, project briefings. The assignments are individual essays and there is a centrally managed examination. The dissertation is an independent piece of research that will be supported by tutorials.

Assessment is through unseen written examinations, 3,000-word written term papers and the 10,000-word dissertation. 

In Terms 1 and 2 full-time students can typically expect between 8 and 15 contact hours per teaching week through lectures, workshops and tutorials. In Term 3 students will be completing their own dissertation research, keeping regular contact with their dissertation supervisors.

Outside of lectures, full-time students typically undertake 22 to 29 hours of self-directed study, including time to complete coursework assignments. Overall, full-time study is the equivalent of a full-time job, around 35 to 40 hours per week.

Modules

The Infrastructure Investment and Finance MSc contains five compulsory modules, three optional modules and a research dissertation.

Full-time study (1 year):

In Term 1, you will take modules on the financing, the economics, risk management, the investment of infrastructure projects which provide background concepts but also delve into more advanced relevant topics. You will also receive training in research methods and financial modelling.  

In Term 2, you will take one core module related to infrastructure asset management and choose three optional modules out of six options which expand on additional topics of special purpose vehicle in infrastructure finance, lifecycle of infrastructure project management, smart technologies, climate sciences, technology and policy, carbon accounting and green finance while also providing an overview of the five major sectors of economic infrastructure (transport, energy, water/wastewater, waste management and telecommunications). During this term you will submit an outline of your proposed dissertation research.  

In Term 3, you will complete outstanding assignments, take all examinations for the taught modules and work on your dissertation for the remainder of the term and throughout the summer. 

Part-time study (2 years)

Year 1:  

In Term 1, you will take compulsory modules related to infrastructure finance and the economic principles and policy in delivery of infrastructure projects which provide background concepts but also delve into more advanced relevant topics. You will also receive training in research methods.  

In Term 2, you will take modules which expand on a compulsory module related to infrastructure development as an asset class and select one optional module in additional topics of economics special purpose vehicle in infrastructure finance, lifecycle of infrastructure project management, smart technologies, climate sciences, technology and policy, carbon accounting and green finance, while also providing an overview of the five major sectors of economic infrastructure (transport, energy, water/wastewater, waste management and telecommunications).  

In Term 3, you will complete outstanding assignments and take one examination for the taught modules.  

In the summer there is no formal teaching but you should be developing ideas for your dissertation.  

Year 2:  

In Term 1, you will take modules on the global environmental issues in infrastructure development and demand forecasts, risk modelling and appraisal methods which provide background concepts but also delve into more advanced relevant topics. You will also receive training in financial modelling. During this term you will submit an outline of your proposed dissertation research.  

In Term 2, you will choose two optional modules from the remaining five optional modules in additional topics of economics special purpose vehicle in infrastructure finance, lifecycle of infrastructure project management, smart technologies, climate sciences, technology and policy, carbon accounting and green finance, while also providing an overview of the five major sectors of economic infrastructure (transport, energy, water/wastewater, waste management and telecommunications).  

In Term 3, you will take all remaining examinations for the taught modules and work on your dissertation for the remainder of the term and throughout the summer. 

Modular/Flexible study (2-5 years)

In the case of modular/flexible students, the 2-year part-time study mode is the fastest route to completion. However, a slower route may also be taken. The sequence of modules can be designed in close coordination with the course leader in order to ensure that concepts and skills are developed in a logical order, building on previous ones and enabling a coherent learning journey. You are required to take five compulsory modules and three optional modules (i.e. select 3 out of 6) to complete your study. 

Compulsory modules








Optional modules








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 Infrastructure Investment and Finance.

Fieldwork

In the past, students have undertaken field visits to Ashurst, an international law firm and S&P Global Market based in Carnary Wharf, London. 

Accessibility

The department will endeavour to make reasonable adjustments for students with disabilities, including those with long-term health conditions, neurodivergence, learning differences and mental health conditions. This list is not exhaustive. If you're unsure of your eligibility for reasonable adjustments at UCL, please contact Student Support and Wellbeing Services.

Reasonable adjustments are implemented on a case-by-case basis. With the student's consent, reasonable adjustments are considered by UCL Student Support and Wellbeing Services, and where required, in collaboration with the respective department.

Details of the accessibility of UCL buildings can be obtained from AccessAble. Further information about support available can be obtained from UCL Student Support and Wellbeing Services.

For more information about the department and accessibility arrangements for your course, please contact the department.

Fees and funding

Fees for this course

UK students International students
Fee description Full-time Part-time
Tuition fees (2026/27) £25,300 £12,650
Tuition fees (2026/27) £42,700 £21,350

Programme also available on a modular (flexible) basis.

Postgraduate Taught students benefit from a cohort guarantee, meaning that their tuition fees will not increase during the course of the programme, but UCL reserves the right to increase tuition fees to reflect any sums (including levies, taxes, or similar financial charges) that UCL is required to pay any governmental authority in connection with tuition fees.

The tuition fees shown are for the year indicated above. Where the course 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

For full-time and part-time offer holders with a fee status classification of UK, a fee deposit will be charged at 2.5% of the first year fee.

For full-time and part-time offer holders with a fee status classification of Overseas, a fee deposit will be charged at 10% of the first year fee.

For modular/flexible offer holders with a fee status classification of UK, a £350 deposit will be charged.

For modular/flexible offer holders with a fee status classification of Overseas, a £500 deposit will be charged.

Further information can be found in the Tuition fee deposits section on this page: Tuition fees.

There are no anticipated additional costs.

For in-person teaching, UCL’s main teaching locations are in zones 1 (Bloomsbury) and zones 2/3 (UCL East). The cost of a monthly 18+ Oyster travel card for zones 1-2 is £119.90. This price was published by TfL in 2025. For more information on additional costs for prospective students and the cost of living in London, please view our estimated cost of essential expenditure at UCL's cost of living guide.

Funding your studies

UCL offers a range of financial awards aimed at assisting both prospective and current students with their studies.

Any additional funding available from The Bartlett School of Sustainable Construction and the Built Environment Faculty Office are advertised on the respective websites.

In our faculty, The Bartlett Promise Scholarship aims to enable students from backgrounds underrepresented in the built environment to pursue master's studies. Please see the UK Master's scholarship and Sub-Saharan Africa Master's scholarship pages for more information on eligibility criteria, selection process and FAQs.

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

See all the ways you can fund your studies

Commonwealth Shared Scholarship Scheme (CSSS)

Deadline: 12 December 2024
Value: Full fees, flights, stipend, and other allowances (1 year)
Criteria Based on both academic merit and financial need
Eligibility: EU, Overseas

UCL East London Scholarship

CLOSED FOR 25/26 ENTRY
Value: Tuition fees plus £16,000 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 course of £90 for online applications. Further information can be found at Application fees.

When we assess your application we would like to learn:

  • Why you want to study for the MSc in Infrastructure Investment and Finance and what attracts you to this specialism
  • How your professional and academic background meet the demands of MSc Infrastructure Investment and Finance
  • Why you want to study at UCL and the Bartlett
  • How will the MSc Infrastructure Investment and Finance help you to achieve your career plan.

When completing your application you should consider that together with 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.

Tell us about an influential experience which made you want to study infrastructure investment and finance. What were the key lessons from this experience and how do you plan to build the lessons in your future career and professional development? Tell us about a challenge that you or a friend had to overcome. Why was this a challenge and how did you/your friend overcome it?

Please note that you may submit applications for a maximum of two graduate courses (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: 2026-2027

Apply for this course

Got questions? Get in touch

Bartlett School of Sustainable Construction
Bartlett School of Sustainable Construction

bartlett.pg-bssc@ucl.ac.uk

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