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Infrastructure Investment and Finance MSc

This innovative MSc considers the perspectives of infrastructure investment and finance. It is aimed at developing global leaders and professionals for the infrastructure sector. It draws on the expertise of external organisations such as infrastructure developers, advisors, asset managers and multi-lateral development banks in delivering cutting edge knowledge and industry practice for the infrastructure sector.

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
Part time: 2 years
Flexible: up to 5 years

Full-time students study for 37.5 hours per week during term time. Typically, lectures and seminars occur on two days per week. Flexible mode students normally attend half this amount.

Application dates

Full-time
Open: 1 November 2019
Close: 11 August 2020
Flexible/Modular
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:
£18,150 (FT)
£9,070 (PT)
Overseas:
£30,400 (FT)
£15,050 (PT)


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. Fees for flexible, modular study are charged pro-rata to the appropriate full-time Master's fee taken in an academic session.

Fee deposit: All full time students are required to pay a fee deposit of £2,000 for this programme. All part-time students are required to pay a fee deposit of £1,000.

Accreditation:

MSc IIF is accredited by the Royal Institute of Chartered Surveyors (RICS).

The programme has an academic partnership with the Chartered Institute for Securities and Investment (CISI). Students who wish to sit the exams required for CISI chartered membership would need to register with CISI separately.

Location: London, Bloomsbury

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.

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: Good

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

With a strong commercial focus, the MSc in Infrastructure Investment and Finance (IIF) provides candidates with a well-balanced mix of economic and financial theory as well as industry practice, including modules exploring:

  • the economics and finance of infrastructure development and delivery
  • the future of infrastructure investment at global, national and sector levels, and the key determinants
  • the impact of government policy and capital markets on infrastructure investment
  • the organisation of public private partnership (PPP) and project finance
  • the cost of capital for infrastructure investment and the allocation of risks in contracted delivery
  • the commercial perspective of infrastructure project sponsors, lenders, investors and contractors throughout the procurement, design, construction and operation of infrastructure assets
  • the process of infrastructure asset management 

Students undertake modules to the value of 180 credits.

The programme consists of eight compulsory modules (120 credits) and a research dissertation (60 credits).

Upon successful completion of 180 credits, you will be awarded a MSc in Infrastructure Investment and 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.

Compulsory modules

  • Financing Infrastructure: Fundamentals and Innovations in Funding and Finance (15 credits)
  • Infrastructure using a Special Purpose Vehicle (15 credits)
  • Infrastructure: Economic Principles and Policy (15 credits)
  • Infrastructure as an Asset Class (15 credits)
  • Agency and Transaction Costs in Infrastructure Projects (15 credits)
  • Risk Modelling and Asset Management in Infrastructure Projects (15 credits)
  • Demand Forecasts, Business Cases and Appraisal Methods (15 credits)
  • Managing Infrastructure Projects and Programmes (15 credits)

Optional modules

There are no optional modules for this programme.

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/research project

All students undertake a substantial research-based dissertation on a research question of their own choosing (60 credits).

Teaching and learning

The programme is delivered through a combination of lectures, seminars, group tutorials/workshops, project briefings, and individual supervision for the research-based dissertation element.

Guest lectures draw on a wide range of expertise from industry practitioners such as lawyers, bankers, investors, consultants, asset managers and project developers.

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

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 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

If you are concerned by potential additional costs for books, equipment, etc. on this programme, please get in touch with the Programme Administrator, Mrs Maria Vaughan, by e-mailing maria.vaughan@ucl.ac.uk or telephoning +44 (0)20 3108 7533.

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

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 Construction and Project Management and the Built Environment Faculty Office are advertised on the respective websites.

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

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, infrastructure ownership and project management industries. Organisations that are likely to take on graduates of this MSc include infrastructure developers, infrastructure financiers and investors such as institutions, banks and equity funds, infrastructure operators, public sector commissioning and regulatory bodies, as well as advisory firms active in the growing infrastructure market.

Employability

Completing this MSc will equip graduates with multi-disciplinary skills necessary for a career in infrastructure financing, procurement and development whether as a public sector advisor, private sector financing specialist or consultant within advisory firms.

Students successfully completing the programme 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 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 the infrastructure investment and finance.

Why study this degree at UCL?

Many governments including the UK, US, the EU, China and India are increasing their focus on improving infrastructure. The required capital for investment is estimated to be in the trillions of US dollars. At the same time there is a compelling need for professionals equipped with a multi-disciplinary expertise which combines technical and financial skills with the ability to undertake risk assessments, investment and economic analysis. This pioneering MSc is the only programme in the UK, and one of few globally recognised, to focus on the finance, funding and commercial issues associated with these vast sums of investment and global infrastructure needs.

The School of Construction and Project Management is placed within the renowned UCL Bartlett Faculty of the Built Environment. Based in central London, it is close to world-leading financial, engineering and consulting practices, many of whom are UCL partners. The School has both specialist expertise and excellent relations with a range of industry and government bodies which will provide a valuable network to students seeking careers in the exciting area of infrastructure financing and development.

The MSc IIF directly benefits from the signing of a Memorandum of Understanding (MoU) between UCL and the European Investment Bank (EIB). This MoU sets out the scope of the EIB's support and ongoing involvement in the planning and delivery of the programme. The EIB’s involvement aims to enhance students’ understanding of infrastructure finance and investment through their exposure to the bank’s long and multi-faceted experience in this field.

Accreditation:

MSc IIF is accredited by the Royal Institute of Chartered Surveyors (RICS).

The programme has an academic partnership with the Chartered Institute for Securities and Investment (CISI). Students who wish to sit the exams required for CISI chartered membership would need to register with CISI separately.

Department: Bartlett School of Construction & Project Management

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?

This programme is designed for early to mid-career professionals seeking to specialise in infrastructure investment, economics and finance, procurement, management and regulatory functions. In addition to enabling finance graduates the opportunity to specialise, the MSc IIF will also be attractive to engineering graduates wishing to adapt their career options, and to graduates in other related numerate subject areas (e.g. economics, finance, planning, etc.).

Application deadlines

Full-time
11 August 2020
Flexible/Modular
11 August 2020

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 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.

UCL is regulated by the Office for Students.

Page last modified on 13 August 2020