ucl economics phd funding

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Entry requirements

Applicants must have a Master’s degree in Economics or closely related subject with distinction-level performance. Applicants must demonstrate that they are qualified to proceed to research work. The GRE General Test is a required part of the application, except for applicants with an Economics MSc from UCL or those currently enrolled on the UCL Economics MSc programme.

Months of entry

Course content.

UCL Economics is a world-class academic department with a commitment to research excellence. The Economics MRes + MPhil/PhD aims to attract, educate and develop students of the highest academic calibre. Our graduates are employed by the world's foremost academic, international and governmental institutions.

On this programme you will undertake a significant research project in Economics, beginning with a one year MRes which will train you in the skills and techniques needed to complete a piece of original research. In order to successfully move on to the MPhil and PhD you'll need to meet certain conditions.

Qualification, course duration and attendance options

• Campus-based learning is available for this qualification

Course contact details

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Financial Economics MRes and MPhil/PhD

Ucl (university college london), different course options.

• Key information

Course Summary

Tuition fees, entry requirements, university information, similar courses at this uni, key information data source : idp connect, qualification type.

PhD/DPhil - Doctor of Philosophy

Subject areas

Econometrics Actuarial Science

Course type

This is a joint programme between the UCL School of Management and the Department of Economics offering a unique education and research experience to give students an advanced understanding of financial economics. This highly selective programme provides students with the skills needed to conduct insightful and original research, preparing them for an academic career in the field. The MRes will firstly provide quantitative training in microeconomics, macroeconomics, econometrics, and finance. These will be taught in the context of cutting-edge research and relevant applications. Secondly, it will provide you with analytic frameworks and transferable skills that will allow you to identify relevant and promising research topics, present ideas in order to obtain feedback, and provide feedback yourself.

We expect our PhD graduates to be striving towards an academic career as a faculty member in a top business school or economics department or in the research group of an international institution or a central bank.

UK fees Course fees for UK students

For this course (per year)

International fees Course fees for EU and international students

Applicants must hold a distinction in a Master's degree in Economics (or closely related subject) or an overseas qualification of an equivalent standard. Applicants must demonstrate a high level of analytical and quantitative skills (such as in mathematics and statistics), evidenced by strong performance in relevant modules taken on previous degree programmes and/or through relevant standardised test performances (such as GRE Quantitative of at least 160). Submitting your GRE test result is encouraged but not compulsory and is only one of the components used to assess the strength of applications.

UCL (University College London) is consistently ranked among the top ten universities in the world, conducting leading research across a wide range of subject areas. Throughout its long and prestigious history, it has inspired and educated countless minds and produced 30 Nobel prize recipients. With one campus located in the heart of Bloomsbury and a second campus in vibrant east London, the university is home to around 42,000 students... more

Economics and Policy of Energy and the Environment MSc

Full time | 1 year | 23-SEP-24

Population Health MSc

Sustainable resources: economics, policy and transitions msc, economy, state and society: politics and the international economy ma (international).

Full time | 2 years | 23-SEP-24

Philosophy, Politics and Economics of Health MA

Centre for Finance

The UCL Centre for Finance (CfF) is a research centre based in the Department of Economics at University College London. The centre’s research fellows are faculty in the Department of Economics.

Upcoming events

Seminar by Norman Schuerhoff (Lausanne) 22/5/2024

see all events

see all news

Application for MRes/PhD in Financial Economics

UCL's PhD in Financial Economics programme is designed for graduates seeking an academic career as a faculty member in a top business school or Economics department or in the research group of a central bank.

We offer rigorous and solid training in quantitative and economics methods for the study of financial markets and institutions. We offer competitive scholarships to all admitted students.

To apply: visit our webpage

The first application window closes on 31 January 2024 . Applications made later than this will be considered depending on availability. 

For further information that is not addressed on our web pages, please contact the MRes/PhD Administrator (Nevenka Martin, [email protected]) or its Director (Saleem Bahaj, [email protected]).

UCL Recruiting Associate Professor (Education) in Finance

The UCL School of Management is looking to appoint a forward-thinking and committed full-time Associate Professor (Education) in Finance. We are particularly interested in candidates with expertise in empirical finance.

Please find more information here

If you have any queries regarding the application process, please contact our HR team via email on [email protected] .

2023 Annual Lecture by Professor Maureen O'Hara (Cornell University) on 01/11/2023: “Liquidity in a Fragile World”

The 2023 UCL Centre for Finance Annual Lecture will be given by Maureen O'Hara , Robert W. Purcell Professor of Finance at Cornell University.

The event will start at 5.15pm on Wednesday 1st November in the  Christopher Ingold Building (Chemistry Auditorium XLG2), 20 Gordon St, WC1H 0AJ (UCL Bloomsbury Campus).

If you wish to attend, please register here .

Professor O'Hara will be discussing " Liquidity in a Fragile World ":

Liquidity and price discovery are mainstays of market microstructure research. Our usual assumption is that more is better but… it may not be that simple. Recent episodes in Gilt markets, corporate bond markets, and Treasury markets underscore that episodic illiquidity in on the rise in the fixed income markets. What is causing this illiquidity and what to do about it? Maureen’s talk draws on research on how the changing nature of fixed income markets is affecting the fragility of fixed income markets, highlighting the roles played by regulatory changes and the increasing role of electronic trading. Using recent research results, Maureen evaluates potential solutions to alleviating liquidity problems in a fragile world.

CFF visitors

Marco Cipriani (Federal Reserve Bank of New York ) 18/3/2024 - 27/3/2024

Andreas Uthemann (Bank of Canada) 26/6/2023 - 29/6/2023

Marco Cipriani (Fed) 19/6/2023 - 22/6/2023

see all visitors

PhD in Financial Economics

PhD in Financial Economics is a joint-degree program sponsored by the department of economics and the school of management.

Our partners

London FIT Workshops EuroFIT Network UCL School of Management UCL

UCL DOCTORAL SCHOOL

Funded research student support.

• Policy

This policy sets out the levels of support which must be offered to research students who wish to undertake a research degree at UCL and who are being offered financial support to do so - stipend, duration and minimum level of support costs. All offers of funding, including studentships covering full fees and stipend, and partial awards, should be made using the template letter provided (which can be edited to suit the particular circumstances).

• Research Studentship Offer Letter: Template

• Funded Research Student Support: March 2009

Fully Funded PhD studentship (Economics) at UCL (£21k per annum): DEADLINE IS TODAY, APPLY NOW!

Apply for fully funded phd studentship (economics) at ucl (£21k per annum).

Target Audience

International

Application Deadline: 31 March 2023

About University College London (UCL)

University College London (UCL) is London’s leading multidisciplinary university, with approximately 11,000 staff and 38,000 students from 150 countries. The university operates in a global context and is committed to excellence, innovation and the promotion of global understanding in all activities: research, teaching, learning, enterprise and community engagement. UCL is one of the top ten universities in the world according to the 2021 QS World University Rankings and is consistently ranked as one of the best universities in the UK for research strength.

Based within the Faculty of Population Health Sciences, Institute for Global Health (IGH) is the thriving research and teaching community at the heart of UCL’s Grand Challenge of Global Health. Drawing on the expertise our staff, we take a unique cross-disciplinary approach to global health in both our research and teaching, responding to the fact that health problems – and their solutions – are influenced by the social environment as well as medical innovation.

IGH offers a range of high quality teaching programmes at undergraduate and postgraduate level. Experienced staff have created cutting edge programmes in global health and international child health, uniting traditional public health concerns with economics, law, philosophy, geography, anthropology and other disciplines. The Centre for Global Health Economics aims to provide world-leading expertise in Health, Behavioural, Public and Development Economics.

The Centre’s research expertise spans three main areas: (a) Economic evaluations within trials of interventions to improve public health, (b) Modelling to identify scalable and sustainable health service delivery mechanisms and efficient health spending, and (c) Experimental and behavioural studies to understand the barriers and leveregs to positive behaviour change. The Centre also offers training and capacity building in global health economics.

Job Description PhD studentship (Economics) PhD studentship in Economics, at University College London Department: Institute for Global Health Location: Centre for Global Health Economics, UCL Institute for Global Health, physically located at the Guilford Street site (30 Guilford St, London, WC1N1EH) Fees and stipend: Student fees will be paid at Home or International rate, with a stipend at £21k per annum Full time : 36.5 hours per week Duration: The post is available from 1 September 2023 through to 31 August 2027. Supervised by: Professor Jolene Skordis, Dr Neha Batura

Main purpose of the PhD studentship (Economics)  This four-year PhD studentship (Economics) offers candidates a unique opportunity to build both the research and teaching experience required for a future academic career, in a supportive environment. The awardee may pursue their own PhD question or a question developed in partnership with the supervisory team at UCL’s Centre for Global Health Economics, the Department of Economics and the Department of Statistical Science.

The awardee will have their UCL student fees paid at the Home or International rate and will receive a stipend of £21,000 per annum.  The UCL Centre for Global Health Economics is a multi-faculty academic Centre. Based within the IGH, the Centre’s Fellows contribute world leading expertise in Behavioural and Development Economics, Decision Science, Statistics and Mathematical and Epidemiological Modelling. Examples of current research span the economic evaluation of complex trials to improve maternal and child health, exploratory work to identify scalable and sustainable service delivery mechanisms for early child development, and macroeconomic modelling of efficient spending on HIV and tuberculosis.

The Centre hosts UCL’s MSc in Health Economics and Decision Science, where students develop specialised skills in Health Economics or Decision Science. The Centre also provides teaching resources for the MSc in Global Health and Development, and supports a number of doctoral students and post-doctoral research fellows. The Centre also runs a summer internship programme for undergraduate and postgraduate students interested in the Economics of Global Health and Development.  The awardee will spend 180 hours per year on teaching activities and the rest of their working time on research studies. The teaching responsibility is recognized in the longer than average funding period. Within their teaching role, the awardee will provide teaching assistance on three modules within the MSc in Health Economics and Decision Science, personal tutoring to approximately 5-10 students per academic year and supervision to 5-10 masters projects.  The academic year has 20 teaching weeks and the awardee is expected to work an average of 9 hours per teaching week. The number of hours per week varies according to the demands imposed by individual modules and by the structure of the course.  This PhD studentship (Economics) is offered for four years. The successful applicant would receive supervision and mentoring from a supervisory team within IGH, supplemented by support from UCL’s strong doctoral training programme which offers a comprehensive range of academic and other skills training.  The awardee’s PhD research will be supervised by Professor Jolene Skordis and Dr Neha Batura, and applications for this studentship should include a project proposal in an area aligned with their research interests. Applicants are advised to read the guidance on developing a project proposal on our webpages (https://www.ucl.ac.uk/global-health/study/researchdegrees), to read about the research of Professor Skordis (https://iris.ucl.ac.uk/iris/browse/profile?upi=JSKOR31) and Dr Batura (https://iris.ucl.ac.uk/iris/browse/profile?upi=NBATU68), and to contact them in advance to discuss potential research ideas before developing their proposal and submitting their application.

Duties and responsibilities: The awardee will report to their PhD supervisors regarding progress on their doctoral research. For teaching activities, the awardee will report to the Module Leads and the Course Director, who has overall responsibility for managing the MSc in Health Economics and Decision Science. The awardee will be expected to act on their own initiative and use their judgement in prioritising tasks whilst referring complex problems or issues of policy where appropriate. The awardee will have two main duties: (1) The successful completion of a PhD; and (2) 180 hours per annum of teaching responsibilities over the course of the studentship. The precise distribution of hours across these tasks will be by agreement with the PhD supervisory team and the Course Director.

Specifically, these duties are expected to entail:  The conduct of all research activities associated with a period of doctoral research study at a world leading university;  Presenting research in progress at conferences and seminars;

 Publishing research outputs as appropriate;  Class teaching;  Marking coursework submitted for tutorial classes using solutions provided by course lecturer;  Maintaining records to monitor student progress, achievement and attendance;  A weekly office hour for student enquiries during term time;  Examination/assessment marking duties;  Attendance in lectures for taught courses in order to familiarise yourself with content and student competencies;  Holding individual meetings with personal tutees to provide pastoral support;  Holding individual meeting with project tutees to provide academic support;  Holding office hours when they are available for students. They are expected to be able to deal with students’ questions about specific modules and problems related to research methods and the writing of a research report.  Reading project drafts (for nominated tutees) to provide academic guidance;  Regular meetings with the course lecturer to discuss arising issues and problems;  Involvement in ad-hoc meetings organized by Lecturers or students;  Keeping class registers where needed;  Liaising with the Course Directors and Module Leads about students who have prolonged absences or do not submit coursework;  Liaising with the Course Directors and Module Leads about mark spreadsheets and student feedback;  To actively follow and promote UCL policies, including Equal Opportunities; and  To uphold confidentiality in regards to students records and marks.

Person specification Criteria Essential or Desirable?

Qualifications, experience and knowledge Highly motivated to pursue doctoral studies in Economics at a world leading institution Essential Educated to postgraduate (Masters) degree level in Economics Essential

Skills and abilities High level of literacy and numeracy Essential Excellent working knowledge of MS Office software and Stata Essential Ability to communicate clearly, both orally and in writing, with students, academic and support staff at all levels Essential Excellent organizational and time management skills Essential Ability to be flexible and to respond to changing priorities in a busy environment Essential Ability to work independently for short periods and as part of a team, recognising when advice / input needs to be sought Essential Excellent people skills and the ability to build good relationships with colleagues and external partners Essential A high level of accuracy and a keen attention to detail Essential

Desirable Criteria  Published research output  Experience working with complex datasets  Experience working within research groups or in field sites  Experience working with quantitative data from low and middle income country settings  Previous experience of teaching or other forms of public presentation  Knowledge of specialized Economics fields  Experience in providing pastoral care and support to students  Knowledge and experience of Moodle (virtual learning environment)  Knowledge of R or Matlab

Desirable Terms and conditions The awardee works 180 hours per year on teaching. In return, their student fees will be paid at Home or International rate and they will receive a stipend at £21k per annum. The duration of the PhD studentship (Economics) is four years.

How to Apply for PhD studentship (Economics)

Enquiries / Visits Informal enquiries should be made to Dr Neha Batura ([email protected]). How to apply: Applicants should send the following to Dr Neha Batura ([email protected]).  CV  Covering letter indicating why you believe you are suitable for the studentship  Research proposal of 3-4 pages following guidance available at:  https://www.ucl.ac.uk/global-health/sites/global-health/file /guidance_for_writing_a_project_proposal_2020.pdf  Names and contact details (address, email) of two academic referees

The deadline for applications is: 31 March 2023, 09:00am (UK time) Interview date: 25 April 2023. The selected candidate will be made a provisional fellowship offer, subject to a successful application to UCL

VISIT THE OFFICIAL PAGE HERE AND APPLY

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• 1 year - 31 posts - Latest
• Thread: 19 Goods vs 3 No Goods

Self-funded UCL Phd vs Fully-funded Zurich Phd

Economist 3a88

Which way to go?

Economist 36e0

Zurich and it's not even close. Imagine living in Londonistan during your PhD.

Economist 8e3a

Ucl does provide funding to everybody now

Economist 92bb

Obviously Zurich. They're both good places but even if you prefer UCL, the gap is not wide enough to justify it.

Economist 9136

The least you can expect to spend living in London is probably £1300pm, and thats renting a small room in a shared flat shared with maybe 5 others approximately 45 min from UCL by tube, almost only eating home cooked meals, and maybe partaking in some inexpensive hobby (e.g. gym £20). In the long term its probably more realistically that you will end up spending something like £1500pm, all in all that makes 1.5k*12 months*5years = 90k.

Is it worth spending all that money while living semi rough for five years to gain uncertain and potentially only marginal improvements in job prospects? I would take the 40k CHF and fresh mountain air without looking back.

Economist 3fc8

Self funded at UCL is better paid than an AP, judging by the job posting

Economist ccf8

Zurich for sure. Except if you want to do Monetary then maybe UCL.

Economist 16f1

Suisse >>>>>> all

Economist 4d47

Think about the placement prospects

Economist bb24

Two years ago, I had UCL unfunded first year and then funded for the following years. I chose another program in Southern Europe, but I’d have definitely chosen UZH if I had an offer from there.

Strong in several fields, regardless of what you think of HJV, he’s a good placement director

Economist bc3c

Fully-funded. Zurich is good enough. Don’t pay for a PhD.

Economist cc94

What is cohort size at UCL vs. Zurich?

Economist bb35

Zuri all the way. there is no contest.

Economist 9ef4

Two years ago, I had UCL unfunded first year and then funded for the following years. I chose another program in Southern Europe, but I’d have definitely chosen UZH if I had an offer from there. Strong in several fields, regardless of what you think of HJV, he’s a good placement director

No need to worry about HJV anymore, he's on his way out

Economist 92ee

Zurich is a good program. Don't do a self-funded Ph.D.

Economist 9f17

stupid question

I would even choose zurich if ucl would be fully funded

Economist 117c

dont self-fund your phd, not good for your psychological health

Economist 6cf8

I interacted with a UCL grad recently and was highly disappointed. I thought their training was good

Economist b4a8

There were self-funded students at UCL in the past, however everyone has funding now

Reply »

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UCL School of Management

University college london, msc finance.

Start date: September 2024 Duration: 12 months full-time Fees:  UK/EU/Overseas - £44,400. Scholarships available Application deadline:   Applications open on the 23 November 2023 and close as follows -  Applicants who require a visa:  applications close on 28 June 2024 at 17:00 UK time,  Applicants who do not require a visa:  applications close on 30 August 2024 at 17:00 UK time. Entry requirements: A quantitative undergraduate degree at 2:1 Honours (or equivalent) from a recognised university. Applicants are also required to meet the Level 2 English Language requirements. Learn more .

The UCL MSc Finance programme is a specialist Master’s degree designed for those targeting finance as a professional career.

This full-time programme is delivered by UCL School of Management and UCL’s Department of Economics, providing a study of finance underpinned by a blend of quantitative and qualitative components. It is based in UCL School of Management’s home in Canary Wharf, the heart of London’s dynamic financial centre. It aims to provide individuals with the knowledge, understanding and skills to enable them to engage with specialist roles in the modern global financial industry. Such roles are likely to be within a range of organisations, including but not limited to; commercial banks, investment banks, asset management companies, hedge funds and private equity firms, insurance companies, credit rating agencies, fintech firms, broker/dealers, and boutique financial advisory companies. 

All participants study four core modules in Term 1, providing a robust quantitative underpinning in key areas of finance. In Term 2, a further two core modules are studied, again reflecting a quantitative thrust. An elective portfolio is offered, with four elective modules which can be undertaken in Term 2 and/or Term 3. The elective modules enable participants to develop their interests in a number of specialist areas. Additionally, in Term 3 and during the summer, participants engage in the design, execution and delivery of a finance research project which will be supported by a compulsory 10-hour research methods module.

The optional modules listed are subject to change each year and are indicative only. Optional modules can change for a variety of reasons including but not limited to updated learning outcomes, lack of demand and resourcing. For questions about optional modules, please contact us at:  [email protected] . The optional modules marked with an * are delivered by other programmes within the School of Management and are subject to availbility.  

The syllabus for this programme takes place across three terms and the summer, and is outlined below. 

You can learn more about some of our modules on our YouTube channel .

The programme is delivered through a combination of lectures and seminars. Assessment is through written examinations, individual/group coursework, and a 7,500-word dissertation. 

Each taught module in Terms 1 and 2 is delivered over 10 weeks, with 3 contact hours per week comprising lecture content and interactive components. Optional modules in Term 3 are delivered intensively with 10 x 3-hour sessions over a period of 5 weeks.  

In addition, students spend approximately 7-12 hours a week for each module on assessment and independent study to further develop the skills and knowledge covered in lectures and seminars.  

The total number of weekly hours will vary according to the module and the weekly activities being undertaken.   

Programme dates

This programme is full-time for one year, starting in September 2024 and ending in September 2025.

All students must be in London prior to 23 September 2024, which is the first day of the first term.

Core and optional module lectures, and any workshops, normally take place on weekdays between 08:00 – 21.00 hours but may be scheduled for weekends, especially on Saturdays.

Applications

Student profile, who is this programme designed for.

If you are passionate about finance and want to push yourself in your quest to forge a career in finance, or want to develop your knowledge of finance, this programme will be instrumental in achieving your goals.

MSc Finance students are expected to have basic knowledge in financial mathematics and econometrics, and should be motivated to take their knowledge to the next level. To get to that next level, we expect a great deal from our students, so if you choose to study with us, you can expect to be working hard, challenging yourself as we challenge you, and regularly finding yourself out of your comfort zone.

Our students come from different academic backgrounds including economics, finance, mathematics, mathematical economics, econometrics, economic theory, statistics, engineering, or any combination of thereof. Degrees from other disciplines may be considered if the applicant has a background in mathematics or econometrics.

While we do welcome students from a wide variety of backgrounds onto the programme, we stress to our applicants that this programme is highly mathematical and quantitative, so you should be prepared to be pushed in these areas. Should you be admitted onto the programme, you may wish to do some extra preparation in these areas to ensure your basic knowledge is on par with your peers. You can ask our team for more information about what to prepare for.

Applying to study MSc Finance

Applications for the 2024/25 close on 28 June 2024 at 17:00 UK time. Applications must be complete and submitted by this time, or they will not be considered.

Application process

Students are advised to apply as early as possible due to the competition for places. A staged admissions process is in place for this programme. This means that when you apply, your application will be considered with all others that have been submitted before the deadline. This enables us to ensure that all applications are considered fairly and equally.

• Applications submitted, and considered complete by 15th December 2023 can expect to receive a response on their application by 19th February 2024.
• Applications submitted, and considered complete, by 23 February 2024 can expect to receive a response on their application by 06 April 2024.
• Applications submitted and considered complete, by 15 March 2024 can expect to receive a response on their application by 27 April 2024.
• Applications submitted, and considered complete, by 07 June 2024 can expect to receive a response on their application by 12 July 2024.
• Please note that our 'response' may include being informed that your application is being held for further review against other applicants. ALL applicants will receive a response no later than 12 July 2024.

Entry requirements

We look for students with drive, intelligence, passion, and the right aptitude. To ensure we enrol students who meet those four criteria, we use the following methods to assess applications.

Academic Entry Requirement

• A quantitative undergraduate degree at 2:1 Honours (or equivalent) from a recognised university. International students can find their international equivalency on the  UCL international students website.
• Degrees in economics, financial economics, finance, mathematics, management science or statistics are preferred. Degrees in business, accounting, engineering and related fields are also considered. 
• GMAT/GRE are not required for MSc Finance.
• Applicants with a degree that is not in a highly quantitative discipline are encouraged to submit a GMAT or GRE result. A score of at least 43/60 in the quantitative section of GMAT, or 162 in the quantitative section of GRE will add weight to an application.

English Language Requirement

• The English language level for this programme is:  Level 2 .
• Further information can be found on our  English language requirements page.

Professional statement

A professional statement is a key component of the application process and must accompany the initial application. The statement will capture and articulate the motivation to pursue the MSc Finance programme, demonstrating a clear interest in finance and economics, feeding into a statement of well-researched and grounded, short and long-term professional and personal objectives. We also require a copy of your CV.

Applicants who meet the entry requirements and provide an appropriate professional statement will be reviewed. Those considered eligible for the next stage will be invited to an online video interview, with the invitation sent by email from Kira Talent. 

Relevant work experience

Demonstration of an appropriate academic background is essential. Experience in the finance and finance-related sector is beneficial but is not a prerequisite. Applications with work experience in fields other than finance will be considered on their merits.

International profile

Applicants should highlight any international experience they have, including international exchanges, trips, internships, fluency in languages other than their native one, and/or interest in other cultures. These attributes would be advantageous because applicants are likely to be working in a highly diverse and international environment.

For further information regarding the MSc Finance programme, please contact the programme team via email:  [email protected] . For further information regarding the application process please see the UCL Postgraduate Admissions Website . 

Tuition Fees and Scholarships

Tuition fees.

The 2024-25 fees are £44,400. Learn more about tuition fees . 

Scholarships and Funding

Scholarships are available through UCL for all years of study. Competition for scholarships is fierce, however, and to stand a chance of being chosen you will need to show evidence of commitment and the potential for high achievement.

Application for scholarships and bursaries must be made either when confirming your place before the start of your studies.

For more information on scholarships and financial support, please visit Funding and Scholarships

Additional Costs

All full time students are required to pay a  fee deposit  of £2,000 for this programme. This programme does not have any compulsory additional costs outside of purchasing books or stationery, printing or photocopying.  

This programme may include opportunities for students to undertake optional international study trips. The costs of such trips are usually covered by students although some elements may be subsidised or grants available depending on the destination, organisational and support responsibilities. On average, costs would be around £1,000 to £1,750 depending on the trip location, personal flight preferences and spending habits as well as the prevailing exchange rates. 

For more information on additional costs for prospective students please go to our estimated cost of essential expenditure at  Accommodation and living costs .

Why choose us

UCL is one of the world’s best universities, consistently placed in the global top 20 in a wide variety of world rankings.

Our Finance programme is unique in the UK. The modules provide you with an opportunity to develop strong quantitative and analytical skills, an in-depth understanding of how companies work, and a rigorous foundation in the key skills needed to build successful careers in global businesses.

UCL  School of Management and the Department of Economics

The programme is delivered jointly by the  School of Management and the Department of Economics .

UCL School of Management offers innovative undergraduate, postgraduate, and doctoral programmes to prepare people for leadership roles in the next generation of innovation-intensive organisations. The School works closely with global companies and innovative start-ups at the cutting edge of management and associated finance-related practice. The research performed in the UCL School of Management was rated as “world-leading” and "internationally excellent" in the 2021 Research Excellent Framework (REF), placing us second in the UK for business and management. 

The UCL Department of Economics has an outstanding international reputation in key areas of current research. The Department ranked top in the UK for research environment and outputs in the field of Economics and Econometrics in the 2021 REF. 

The Research Excellence Framework 2021 (REF) has placed UCL Economics first for 4* world-leading research outputs and research environments, with scores of 72% and 100% respectively. The Department also placed third in its overall ranking with 65% of all indicators ranked as 4*. 

The Department gives students a thorough knowledge of cutting-edge techniques in theoretical and applied economics, utilising robust quantitative underpinnings.

Organisations seek talent that can bring to the table core knowledge and critical thinking from the outset, and the MSc Finance programme is designed to equip ambitious students with the knowledge and skills to work for leading financial firms around the world.

The programme offers knowledge, understanding and skills in a range of areas critical to the effective functioning of current and developing finance-related applications. These included asset pricing, derivatives, valuation, risk, analytics, modelling, and portfolio management. 

On graduation, you will have a set of analytical skills, qualitative insights, an ability to work flexibly, creatively and internationally in a range of finance-related areas, including asset managers, investment banks, and management consulting firms. 

As London’s Global University, we at UCL are better qualified than most to realise that any organisation is only as strong as the individuals who work for it.

This, allied to the innovation and flexibility needed in today’s organisations, means that recruiting the right person has never been more important for employers.

The MSc Finance programme enables you to make an early and substantial contribution to your future employer. Each of our students are prepared for their future through career workshops, one-on-one advice, exclusive corporate events and access to our alumni community.

Whatever your nationality, experience or background, you will leave UCL equipped with the tools to become a high achiever in your chosen field.

As an MSc Finance student, you will benefit from a bespoke Careers and Employer Engagement programme and a dedicated careers team who will help you present yourself to leading graduate employers with confidence.

Our portfolio of careers support for MSc Finance students includes:

• Individual career coaching sessions with Careers Consultants dedicated to the School of Management
• Weekly careers and professional development workshops on topics including marketing yourself as a candidate, interviews, assessment centres and planning your next steps
• Exclusive industry insight sessions and employer-led events, accessible only to School of Management students to help guide your career choice.
• Access to UCL School of Management alumni keen to support you with your career

For further information on the Careers provision for UCL School of Management, please see our  Careers page .

In addition to the bespoke activities within the School of Management, you also have access to the central  UCL Careers  provision. 

Every year over 1,000 employers/organisations attend events arranged by UCL Careers, including careers fairs, employer presentations and sector ‘themed weeks’, which may include employer forums, networking events, talks on how to get into the sector, and one-on-one advice sessions.

Our students go on to careers in a range of sectors; the most common destinations for our students are financial institutions of various types, banks, and consulting firms. 

Graduates from the MSc Finance programme have secures jobs in a variety of high-profile companies. The UCL Graduate Outcomes Survey (graduating classes 2018-2021) showed on average the top 15 companies graduates went on to secure roles in were:

• Beiersdorf 
• Boston Consulting Group 
• Deutsche Bank 
• Goldman Sachs 
• Jupiter Asset Management 
• Morgan Stanley 
• Rothesay Life 
• Shanghai Pudong Development Bank 
• St Partners 

For alumni graduating classes 2018-2021 the top three job titles among Finance graduates were; Finance and Investment Analysts and Advisers , Management Consultants and Business Analysts and Actuaries and  Economists and Statisticians. 

This data has been sourced from Graduate Outcomes Surveys from 2018 to 2021 and from alumni guest speakers and their employers in recent years.

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• Regional activity
• Funding for staff
• Case studies

New UCL Laws – Max Planck Research Visiting Fellowship announced

17 May 2024

UCL celebrated a key milestone in its longstanding collaboration with Germany’s Max Planck Institutes (MPIs) with the launch of a new Research Visiting Fellowship Scheme with the Max Planck Law (MPL) network.

The new scheme, launching in September 2024, will enable up to two UCL Laws academic staff members to undertake research visits of one to three months at any of the nine MPL institutes. MPL is a national network engaging in a broad spectrum of legal studies, operating the world's most extensive doctoral and postdoctoral research programme in law and employing approximately 400 researchers.

This scheme was formally agreed during a UCL delegation visit to mainland Europe in May 2024, led by Vice-Provost (Research, Innovation & Global Engagement) Professor Geraint Rees. He was joined by Professor Eloise Scotford, Dean of UCL Laws, and by colleagues from UCL Global Engagement.

Professor Scotford said: "Our partnership with Max Planck Law opens doors to unparalleled access to specialised legal communities for our researchers. This valuable opportunity strengthens the intellectual ties between our institutions, consistent with our outstanding research environments."

Professor Stefan Vogenauer, Director at the Max Planck Institute for Legal History and Legal Theory and Chair of Max Planck Law, said: "We are delighted and honoured that UCL Laws has chosen to enter into an exchange agreement with Max Planck Law. It will be an unrivalled opportunity for our researchers to spend some time at one of the finest European law schools, and we look forward to receiving their outstanding scholars for research stays at our Institutes."

The Fellowship complements an existing PhD mobility scheme that UCL Laws has enjoyed with four MPL institutes since 2022 and is the first time UCL has collaborated with all nine.

The ongoing Max Planck Doctoral Mobility Scheme enables Laws PhD researchers to spend two to three months at one of the MPIs in Bonn (for law and economics), Frankfurt (for legal history and legal theory), Hamburg (for comparative and international private law), Heidelberg (for comparative public law and international law) or Munich (for intellectual property and competition law).

For the new Research Visiting Fellowship, joint funding from UCL Global Engagement and UCL Laws will be made available to cover reasonable travel and accommodation expenses incurred by Laws academics during their research visits. The arrangement works on a reciprocal basis, with UCL Laws welcoming a maximum of two MPI Visiting Fellows per year (for a period of one to three months) and their accommodation and travel expenses being covered by Max Planck Law.

The Fellowship joins a wealth of activity between UCL and the Max Planck Society, marked by vast collaboration across multiple research areas. This includes the renowned Max Planck UCL Centre for Computational Psychiatry and Ageing Research, which has received international recognition and extended funding.

UCL's participation in three International Max Planck Research Schools and collaboration on numerous Horizon 2020 projects with the Max Planck Society is a testament to its commitment to maintaining solid international academic networks in Germany and across Europe.

• Max Planck Law
• Max Planck UCL Centre for Computational Psychiatry and Ageing Research
• UCL and Europe

Professor Eloise Scotford, Professor Geraint Rees and Max Planck's Professor Stefan Vogenauer at the new Research Visiting Fellowship launch

Doctoral Funding Information

Doctoral program funding.

If your application is submitted with required supplementary materials by  December 5th , you will automatically be considered for funding for five years of support during your doctoral studies. Please see  the application checklist  for detailed information on when materials are due. Admitted students receive a guarantee of support for years two through five, contingent on maintaining satisfactory academic progress. Please see  the Graduate Program Guide  for information on satisfactory progress.

The department offers a number of financial support packages to incoming students with outstanding records and will be in the form of a Project Assistantship, Research Assistantship, Teaching Assistantship or fellowship and will include tuition remission, a stipend, and benefits (including health insurance).

The funding packages for which you are automatically considered upon admission are:

University Fellowships

Fellowships offer students the opportunity for full-time study with no work responsibilities. The university has a campus-wide fellowship competition for incoming graduate students. Each year, a number of our applicants receive University Fellowship packages for the first year of study. The fellowship stipend is over $23,000 and is often accompanied by departmental scholarships. Fellowships also include health benefits and a tuition waiver. Additional information can be found on the University Fellowships  web page.

Department Fellowships

Department fellowships offer students the opportunity for full-time study with no work responsibilities. Each year, a limited number of applicants receive department fellowship packages for the first year of study. The stipend varies, but department fellowships also include health benefits and a tuition waiver.

Graduate Research Scholar Fellowships

This fellowship provides a stipend, tuition, and health insurance for underrepresented students who meet the GRS eligibility criteria. Eligible students must indicate their interest in the GRS fellowship on the Graduate School online application. Interested students can also contact the Economics Department by December 5th. Additional information on the Graduate Research Scholar Fellowship including eligibility criteria can be found on the GRS information web page .

Teaching Assistantships

Every year, some first year students are funded through Teaching Assistantships (TA). First time TAs typically teach for large undergraduate introductory Economics courses. There are two components to each introductory course–a large lecture and a small group discussion section. A TA’s main responsibility is to teach 3-4 small group discussion sections per week and attend lecture. There are a maximum of 24 students in each of these discussion sections. Other responsibilities may include grading homework and quizzes. Additional information can be found under  Graduate Assistantships .

There are other sources of funding, like loans, through the Office of Student Financial Aid, as well as sources that are external to the university (e.g. grants, fellowships). However, the application process for those financial sources is not related to the process of admission to the Department of Economics. For more information, visit the  Graduate School Funding page . This page will contain basic information detailing the funding resources available at UW-Madison, as well as contact information for initiating a search for other sources of funding.

Tuition and fee information is available on-line at the  UW Office of the Registrar .